humbaba
sleeping until $7000
If its under $300 after the new year I might have to get some more $TSLA in my IRA...
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ZachF
Active Member
I would also bet the ASP of vehicles is higher in the US/Canada than EU+EFTA.
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EVNow
Well-Known Member
Actually I was thinking just that... it's hard to drop interest rates when they're already at zero. Not saying this makes sense mind you, just sayin'...
dc_h
Active Member
The problem is the tail wagging the dog. Fiscal policy is out of wack and the lack of ethical and science based government taxing and spending is putting all the visibility on the fed. Congress doesn’t do its job in creating budgets, preferring to be jurists and pundits rather then focusing on their constitutional job of funding the government and providing oversight (not maximizing pork) and making sure our spending isn’t wasteful.
This has perhaps been an issue growing over time, but endemic since Clinton impeachment. I don’t see either party working hard to solve, since it requires trust that the other party will make compromises required for a two party system designed to respect the minority party.
He did but only "reluctantly."
Fed's Powell had scant enthusiasm for QE3, transcripts show | Reuters
Europe and Japan have had negative interest rates so it is possible.
How did this WELL KNOWN SERIAL BEAR-RAIDING ASTROTURFING TROLL get un-banned?
Seriously, if we can't keep people like this off the forum, the forum is broken.
Pezpunk
Active Member
whelp, that $40k i sold at $372 is back in at $331. can Tesla go ahead and release Q4 results tomorrow morning please?
EVNow
Well-Known Member
Oof, well, this week has left me licking my wounds. Still up a sizeable amount on my initial investment, but the percentage has dropped considerably. Thankfully I had hedged with some covered calls, or all returns since September might have been wiped out. Leverage is a hell of a thing. If tomorrow and Friday are repeats of earlier this week, I may even turn negative.
OT
One party (the Republicans) seems to be economically brain-dead, repeatedly calling for contractionary fiscal policy during recessions and expansionary fiscal policy during booms. That makes things worse.
And then there's the problem of the highly unrepresentative Senate, which means that small states with very unusual economies, like Wyoming (coal), Vermont (organic farming and tourism), Alaska (oil), North Dakota (oil), and Delaware (tax evasion and corporate fraud), etc. wield outsized power.
Yep.
One party (the Republicans) seems to be economically brain-dead, repeatedly calling for contractionary fiscal policy during recessions and expansionary fiscal policy during booms. That makes things worse.
And then there's the problem of the highly unrepresentative Senate, which means that small states with very unusual economies, like Wyoming (coal), Vermont (organic farming and tourism), Alaska (oil), North Dakota (oil), and Delaware (tax evasion and corporate fraud), etc. wield outsized power.
EVNow
Well-Known Member
With great difficulty I resisted buying short term calls today before the Fed statement. Of course the Leaps and March calls I bought when SP was 353 are down.
Not sure where the market and thus TSLA goes from here. We may have some more downside left because of Fed statement. This week can get ugly.
Not sure where the market and thus TSLA goes from here. We may have some more downside left because of Fed statement. This week can get ugly.
It's not possible to go very negative, though. There does come a point at which people exercise their right to demand their cash in the form of banknotes, which carry a 0 interest rate -- the point at which the negative interest rate exceeds the cost of storing the banknotes in a vault with guards, basically. If they try to devalue the banknotes, that's when people start hoarding commodities. So there really is a practical lower limit, even if it's -1% rather than 0%.
RobStark
Well-Known Member
Anecdotally North Americans buy big cars with big engines while Europeans by small cars with small engines but add "top spec interiors."
Lots of subcompact hatchbacks with leather interiors and premium sound etc
VW can't sell the Polo profitably in North America but does so in Europe.
Don't need to look at the SP, I see birds and goats in the forum, tells me all I need to know...
RobStark
Well-Known Member
I did. Got greedy with short-dated calls, which I almost never do. Though I'm fairly hopeful my longer-dated calls (Jan & Feb monthlies) will go back ITM and make me overall profitable again. Might also put in some cash and buy more Feb or Mar monthlies, or some LEAPs while prices are low. This is just my options account too. Retirement accounts are all long stock.
On the plus side, the 12/21 losses will help when I file.
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