Still think TITNC3: Return of the Iceberg was peak

https://finance.yahoo.com/news/walmart-warning-stock-price-recession-worries-205538127.html

Walmart becomes the latest big-name retailer to strike a downbeat tone on the health of the U.S. consumer.

https://finance.yahoo.com/video/walmart-stock-sinks-amid-cuts-204635098.html?contentType=VIDEO

 

This is NVDA P/E from 10/2009 until present. Something had to give.

 

I saw something similar to this, may have been on my regular local lying news.

 

That’s a legitimate company though that buoys the index. Still overvalued but a real company. I’m taking about the exercise bike company and others like that.

 

For sure. NVDA is a strong growth company. But a P/E over 80 is fucking insane for any company. That's how divorced the NASDAQ had become from reality. It's also part of my thesis on why I see the NASDAQ testing 10K. I fully believe NVDAs P/E will go sub 40. If it does that puts the NASDAQ at about 10K.

 

That’s a 38% decline from all time high. I’d like to see a bit more, but the big companies that aren’t going to crash are holding it up. There are a lot of companies in that index with massive declines.

 

Consequences? You mean opportunities

 

Like an opportunity to get a 2nd Gen Taco for under $10K. It's coming. lol

 

Yeah I'm afraid my $Amzn stock is toast, it might be the first time in 25 years they didn't have growth, earnings report afta da bell on Thursday.

 

WTF? FUCK. THIS. COMPANY.

https://investors.vincoventures.com...ntures-thwarts-what-it-believes-was-a-hostile

 

I’m waiting for all the deals on everything

 

They are like a jr high GTii

 

Yeah, and all the crops in the region are dried up and the livestock is all turning into jerky with this heat.

 

Well yea of course, assuming ya actually have money and real assets n shit like that. ...At least half the people i know don't have that, they've got debt and rent that's due ._.

 

The amount of WTF going through my head right now is strong. Mostly I'm trying to figure out how the market reacts to this. There's a lot of big money players with a lot of shares. Which way will it go? Plus, the meetings supposed to be tomorrow. This is gonna get interesting.

 

The mark up on some new and used trucks is that much.

 

wow.

 

Not to mention to un clusterfawk the fillings again for the SEC...

 

Amazon has been leaving a trail of blood for a while. They made it big off of loopholes and smart accounting but many of those arenas have been drying up, hence them and many other giant corporations like they have been resorting to buying or steamrolling every smaller business that they possibly can. It's been a couple years but i used to mention that a lot on here how many of the big corporations are only as big as they are cause it benefits 'leadership's' pockets. Just a matter of time before they all crumble or there's only 3 or so businesses allowed in the US.
Millennials and younger are kinda split down the middle on whether they're willing to sell their souls the same way or the complete opposite like buying local only, living as minimal and self sufficient as possible, owning things a long time. Just a waiting game to see which way things go imo

 

That'll be the easy part. The SEC will just delist them. lol