What Lance fails to comment upon, but many average investors realize , is that they were not well placed to buy significant volumes of Nvidia, Google, Apple, Tesla etc --even at their prices of a year ago. Or even ETF funds that may have contained these stocks in their managed accounts, did not have balances ( or percentages) that were at significant enough levels to have made good money on the Mag 10 specifically. Institutional investors , or those that could buy large volumes of these stocks, have made a killing the past year but many, many average portfolio balances have benefited only modestly. This narrow rally has been yet another that has benefited a narrow portion of the population. It continues to signify the trend of capital tending to accumulate in the hands of those already possessing very significant wealth in America.
If you live where you are on the grid with a hospital or other "important" place your power comes up before a lot of others because they get priority when the power goes out.
Maybe, MAYBE not. It's more about contracts. Frequently enough, hospitals have such backup facilities, they negotiate preferred rates that they could technically be near last reconnected. In practice though, yes grid ties near major infrastructure has redundancy.
It’s not true to say companies can manufacture earnings by buying back shares. Shareholder equity and retained earnings are used to buy back the shares, which changes the p/e ratio, but not the e. You are implying that companies are committing fraud by lying about their earnings, which isn’t true. Smears like this unjustly undermine what little capitalism remains in our mixed economy , paving the way for statism.
Thanks Lance!!!! Thanks RIA!!!!!
Great show. Hope to catch you live tomorrow!
Thank you Lance and team
Thank you lance
What Lance fails to comment upon, but many average investors realize , is that they were not well placed to buy significant volumes of Nvidia, Google, Apple, Tesla etc --even at their prices of a year ago. Or even ETF funds that may have contained these stocks in their managed accounts, did not have balances ( or percentages) that were at significant enough levels to have made good money on the Mag 10 specifically.
Institutional investors , or those that could buy large volumes of these stocks, have made a killing the past year but many, many average portfolio balances have benefited only modestly.
This narrow rally has been yet another that has benefited a narrow portion of the population. It continues to signify the trend of capital tending to accumulate in the hands of those already possessing very significant wealth in America.
Let go!.
We’re already in a recession since 2020.
In your dreams?...
If you live where you are on the grid with a hospital or other "important" place your power comes up before a lot of others because they get priority when the power goes out.
Maybe, MAYBE not.
It's more about contracts.
Frequently enough, hospitals have such backup facilities, they negotiate preferred rates that they could technically be near last reconnected.
In practice though, yes grid ties near major infrastructure has redundancy.
It’s not true to say companies can manufacture earnings by buying back shares. Shareholder equity and retained earnings are used to buy back the shares, which changes the p/e ratio, but not the e. You are implying that companies are committing fraud by lying about their earnings, which isn’t true. Smears like this unjustly undermine what little capitalism remains in our mixed economy , paving the way for statism.
Fiscal spending and a house of cards stock market.
Lance, have you bought back your apartment? Sound like your sold it too early...