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And maybe design?
Wait, only 140% gain per day?! You must be slipping Nick..:)
Thanks Elroy. Components to avoid are maybe more important that components to use.
Thanks for the details Elroy, I'll spend some time working through some of the more difficult areas to hard wire and use a combination of solutions. Guest room for example will be fine with 100-200mb connection.
Traditionally the 2nd half of February is weak. I would not be surprised to see some profit taking.
Carlson thinks he has secrets from the NSA? He's truly deluded.
I don't. I only began looking into this a year or so ago and have been busy getting settled in Maryland. I should be all moved into the new home by the end of February with my computers set-up. I had an electrician recommended to me who seems like a great electrician who wires high end homes but he had no idea why anyone would want a home hard wired. Well, 8k TV, hard core gaming, trading on multiple screens while running simulations in the background, a modicum of security. Many, (maybe most), jobs that allow you to work from home will do that until you're hard wired to your router. I'm not sure why people are trying to save a few thousand dollars and a few square feet of closet space in multi-million dollar homes. It's going to bite them at some point.
That's climate change. We don't yet have useful models to understand what's next.
I believe Boeing has hired some of painters I've used who forget to reattach door hinges.
Although I've been much to busy lately to calculate this, I use a similar idea with the CBOE to calculate the stock price moves near options expiration. Use the current stock price then add all the open calls and puts currently open to find a stock price at which the "smart money" will make as much money as possible. That is, those that set the options prices and make the market, i.e., market makers. Since these same folks have to unwind these positions at expiration that price is the one where the count of in the money options are as small as possible. It's not like market makers are losing money if they can't push stock prices to this ideal point, they just make more money when they can do it.
Ha...and let me add; the market isn't fixed it's only highly levered for those that own massive amount of shares. In case you're wondering, that's not us so it's a good idea to understand what they're likely to do with regard to the stock price and the answers are buried on the CBOE site.
I'm not sure many are still tilting at this windmill. The more accepted term for this activity is climate change. It's a much, much worse proposition than simple warming.
Stock charts: www.stockcharts.com
For over 20 years. Any time I cut and past a chart here it's from my list in SC.
My LA company bought product from Ingram Micro in the late 80s and early 90s. I had no idea they were still around.
Agree. I think their ship has sailed. Not to mention, there are way too many opportunities in the tech universe to spend time on a consistent loser hoping you'll be there when they finally take off. I've no ax to grind with PLTR, I've just seen this movie 100 times and doesn't end well the great majority of the time.
From Barron's:
Federal Reserve Chairman Jerome Powell isn’t providing much good news for stock investors these days.
He said he’s pleased inflation is coming down quickly and the economy is strong, in an interview with 60 Minuteson Sunday. But the takeaway for him is that the Fed can afford to be patient and careful when deciding when to start lowering interest rates.
That’s the same message he gave at last week’s interest-rate decision, and he reiterated that the Fed only sees three quarter-point rate cuts this year, whereas the market predicts as many as six.
My understanding is that these batteries are not necessarily better but are much less expensive. Should be excellent for BYD.
Like watching a slow-motion train wreck.
Once High-Flying China Property Developer Evergrande Ordered to Liquidate
Property developer China Evergrande Group has reportedly been ordered to liquidate by a Hong Kong court, bringing an end to the years-long saga of a company whose default rippled through the world’s second-largest economy. The liquidation order comes more than two years after the company’s default on its dollar bonds set off China's real estate downturn. Evergrande’s Hong Kong shares plunged before they were suspended from trading
It's never anyone's favorite job but thanks for taking the garbage out..:).
We will learn sometime in the future that Trump is pressuring Hungary to keep Sweden out of NATO. He's owned by Putin. It may be another 10-20 years before we understand how long Putin has owned Trump but it did not start in 2016.
Exactly. We'll move to electrified transportation but not with this generation of electrification. I'd much rather have an AWD 2024 Prius for my daily once I don't need a truck. A 50 mpg grocery getter sounds about right for most people.
For those who may not know the reference:
You're no Jack Kennedy
It's on my watch list again Court. Thanks for the heads-up.
This is also good advice for any competitive area of life; sports and business are good examples.
Be nice to your troll Nick. He can't help himself as he has daddy issues. I had asked him to please consider a therapist but apparently that hasn't had the desired effect. Here's an updated list - because I'm a helper..:).
https://www.everydayhealth.com/emotional-health/best-online-therapy/
Just want to make sure no one reading your post missed this.
When I went to LA last summer Hertz didn't have an ICE option at a reasonable daily rate but the Teslas were under $100 a day. It was clear that the demand was not close to the supply of EVs available. As I said then, the quoted range is a fantasy. You're lucky if you get 50% driving normally.
In the pantheon of modern Republican lies, this is at least in the top five. I say modern because Dems have done the same thing when they were all about buying outside the US. Only one group of people pay for tariffs; the consumer.
Although I sold my BLDR, long term I like this one better than any other large suppliers. When interest rates come down there's going to be a lot of home building to meet Millennial demand.
These new and improved Max 9s, like the Max 8 are the Corvairs of flight. Very lucky group of travelers to still be alive.
I read about this a couple of weeks ago. I think Chinese citizens are now the third largest group of people seeking asylum in the US.
Apparently engineering.
The problem with empty commercial office space is not getting better. From the WSJ:
Offices Around America Hit a New Vacancy Record
The 19.6% of office space that isn’t leased is the highest since at least 1979
America’s offices are emptier than at any point in at least four decades, reflecting years of overbuilding and shifting work habits that were accelerated by the pandemic.
A staggering 19.6% of office space in major U.S. cities wasn’t leased as of the fourth quarter, according to Moody’s Analytics, up from 18.8% a year earlier. That is slightly above the previous records of 19.3% set in 1986 and 1991 and the highest number since at least 1979, which is as far back as Moody’s data go.
The new record shows how remote work has upended the office market. But that is only part of the story. Much of the market’s current malaise traces its roots to the office-market downturn of the ’80s and ’90s.
That surge in office vacancies in the 1980s and early 1990s followed years of overbuilding. Easy lending fueled a construction boom, particularly in the South where land was cheap and red tape sparse. Banks often financed speculative office projects that didn’t have any tenants signed up.
“The building I built was almost a million square feet—100% empty,” said developer Bruce Eichner, who built the Manhattan office tower 1540 Broadway in the 1980s.
The result was a glut of office buildings that couldn’t find tenants when the economy went into recession in 1990 as the country suffered from the savings-and-loan crisis, when many S&Ls failed.
That glut weighs on the office market to this day and helps explain why vacancies are far higher in the U.S. than in Europe or Asia. Many office parks built in the 1980s and earlier struggle to find tenants as companies cut back on space or leave for more modern buildings.
“The bulk of the vacant space are buildings that were built in the 1950s, ’60s, ’70s and ’80s,” said Mary Ann Tighe, chief executive of the New York tri-state region at real-estate brokerage CBRE.
And just as in the early ’90s, it is the overbuilt South that is hit hardest. Today, the three major U.S. cities with the country’s highest office-vacancy rates are Houston, Dallas and Austin, Texas, according to Moody’s. In 1991, Palm Beach and Fort Lauderdale in Florida and San Antonio held those positions.
Companies, eager to cut costs, also began ditching spacious private offices for open floors and cubicles, meaning they needed less space per employee.
“You had a shift away from the ‘Mad Men,’ Don Draper era of some of these large, large offices,” said Thomas LaSalvia, head of commercial real-estate economics at Moody’s Analytics.
That helped push up vacancies and started a gradual shift toward smaller offices that continues to this day. The Covid-19 pandemic merely sped up the shift as companies realized they needed even less space per employee because of remote work.
For all the similarities, there are also important differences between the two downturns. The crisis of the early 1990s ended abruptly after the economy started booming again. Vacancies plummeted, and companies gobbled up space. This time, most analysts expect offices to stay emptier for longer because vacancies have less to do with economic cycles and more to do with the growing popularity of working from home.
Meanwhile, winners and losers have switched places. In 1991, San Francisco had the country’s third-lowest office-vacancy rate, according to Moody’s. Today, the city has some of the country’s emptiest offices, partly because its large tech sector has enthusiastically embraced remote work.
Palm Beach and Fort Lauderdale had the highest vacancy rates among major U.S. markets in 1991. Today, they are among the lowest. Palm Beach’s vacancy rate fell from 28.8% in 1991 to 14.2% in 2023, the steepest drop among major markets. Fort Lauderdale saw the second-steepest drop during the period, from 28.1% to 18.9%.
West Palm Beach, Fla., had a “growth spurt” in the 1980s as developers plastered the city with giant office buildings, said Kevin Probel, a senior managing director at real-estate brokerage JLL. It took a long time to fill all that space.
Today, the area is once again in the middle of an office-construction boom. Developers are building high-end, hurricane-proof offices with landscaped outdoor terraces and pickleball courts. But unlike the 1980s, West Palm Beach is now a destination for major finance companies seeking low taxes and warm weather.
“That’s become a game changer for the market,” Probel said.
Boeing Max doing better - now only parts of the plane are falling out of the sky.
Boeing Shares Fall After FAA Grounds 737 Max 9 Jets
Shares of Boeing (BA) plunged more than 8% in pre-market trading after the Federal Aviation Administration (FAA) grounded 170 Boeing 737 Max 9 aircraft for inspections following an incident where an Alaska Airlines (ALK) Max 9 lost a panel mid-flight, forcing an emergency landing. Alaska Airlines and United Airlines (UAL) said they were grounding their entire fleets of Boeing 737 Max 9s for inspection. Shares of Alaska Airlines dropped almost 5% in the pre-market, while United Airlines was down 3%.
Subsidence is an interesting and troubling problem. There was subsidence in New York when well over over a mile of glacier covered it 20,000+ years ago. Since then NYC has been rising until we started building massive concrete and steel buildings. Now NYC is subsiding again as if there's a huge glacier covering it and unfortunately for New Yorkers, this "glacial maximum" isn't coming at a time when sea level is some 300 feet lower. And as luck would have it, the ocean is also rising more quickly on the US east coast than the west.
At the end of last summer we were waiting for a home remodel to finish so we could move in. We decided to spend a couple of weeks at the beach in Delaware. Most people go to Rehoboth, including our kids but we decided it's neighbor, Lewes, (generally pronounced Louis), looked like a better fit for us. It was an amazing vacation. It feels like everyone is working to make this place better than it already is. Unfortunately, it really is in the middle of nowhere at the mouth of the Delaware Bay. And that's their problem, As sea level continues to rise more quickly, no one will care about Lewes, DE. Like hundreds of wonderful but small seashore cities along the east coast they will simply cease to exist in any meaningful way.
When I retired we spent about 18 months cruising from Annapolis down to mid-Florida and back. We'd intended to go to the Bahamas but Covid made trips out of the US almost impossible. When we got to NSB FL, we decided to spend the winter. We also spent a week or so in a couple of dozen great little towns along the way. I don't think one of them will be thriving by the end of the Century. I'm much more concerned that we'll be losing these small cultural enclaves than NYC.
One other quick note. There is a small island in the Chesapeake Bay named Tangier. There are less than 1,000 people living there and many of the families have lived there since it was settled in 1770. Since then Tangier's land mass has decreased by 2/3s and it will be gone in another 30 years. Here's a good video regarding their issues.
You just have to drive that Corvette up the coast. Inspection went well today so it looks like a done deal.
I keep thinking we'll get out of the real estate business but the opportunities in this high interest rate environment can be difficult to walk away from. We made a somewhat lowball offer on a home in a perfect location. It has some great features but also issues most buyers will shy away from. For example the homeowner put huge money in an endless pool and a large garage but didn't remodel the kitchen. Big mistake.
This morning our realtor called and said the seller would like to reconsider our offer if it's still available and we closed an hour later. Of course a proper kitchen is on the very short list. Inspection tomorrow, objections if any, early next week. I'm not sure real estate moves up more than the SPX over the next couple of years but I can't live in it, swim in it or park my cars in it while it appreciates in value.
I think CRWD is a good one to keep your eye on as it may drop back into an area where it's more tolerable.
As I've said before, I think 2024 will be challenging for the market while interest rates remain up. The December rally was so strong I suspect all the money that had to be invested, was invested. It appears the bears are in charge for the time being. Maybe more buying opportunities in March.