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Talking heads

Posted on 6/7/22 at 11:14 am
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/7/22 at 11:14 am
on CNBC are laughable. The consumer is still strong is a squawking point. Gas, Diesel, Nat Gas, Electricity, Consumables, Interest rates, Savings rates , etc and etc all on the rise and even if true is this is gonna last very much longer. Recession or worse incoming
Posted by weagle99
Member since Nov 2011
35893 posts
Posted on 6/7/22 at 11:24 am to
They are propagandists. Nothing more
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35887 posts
Posted on 6/7/22 at 11:30 am to
They're saying that consumers still have a lot of savings and are still spending it, noting that that will ultimately come to an end. Not sure how that's propaganda.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1800 posts
Posted on 6/7/22 at 11:37 am to
Meh, it's just entertainment. If they tell you the truth, and you sell their sponsors stocks and funds, they lose sponsors. That's it.

How the media and the government retains the level of trust they have is the biggest mystery in the world.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/7/22 at 11:56 am to
Entertainment, for who? I’d just as soon entertain myself watching a curling tournament. The facial expressions of Jon Najarion while the pimps are pumping are pretty funny for a few minutes tho
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 6/7/22 at 12:22 pm to
quote:

Entertainment, for who?


Well, you were the one watching CNBC and not a curling tournament. Maybe take a look in the mirror.
Posted by skewbs
Member since Apr 2008
2195 posts
Posted on 6/7/22 at 12:30 pm to
quote:

Well, you were the one watching CNBC and not a curling tournament. Maybe take a look in the mirror.


Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/7/22 at 12:33 pm to
You a funny guy, I spit latte all over my phone
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/7/22 at 3:34 pm to
quote:

They're saying that consumers still have a lot of savings and are still spending it, noting that that will ultimately come to an end. Not sure how that's propaganda.


The consumer is putting the brakes on. If they are claiming spending will be strong in Q2 that is propaganda. The spending is on energy and food. Discretionary is going to get hammered in the next four-six months.
Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/7/22 at 3:35 pm to
quote:

Well, you were the one watching CNBC and not a curling tournament. Maybe take a look in the mirror.


He’s not watching for entertainment, he’s watching for information.

Maybe you should go check out the Rant. There are some one word threads going on over there creating total chaos and anarchy.
This post was edited on 6/7/22 at 3:37 pm
Posted by Shamoan
Member since Feb 2019
13254 posts
Posted on 6/7/22 at 3:49 pm to
i guess people have a lot of savings. businesses desperately need people, yet people have enough incentive or savings not to work...this isnt sustainable, but when these jobs start filling, we will either be in a significant recession or the money will have dried up. either way, we need to get busy living or get busy dying.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 6/7/22 at 3:59 pm to
quote:

He’s not watching for entertainment, he’s watching for information.



I know that when I'm looking for information, I turn on the TV

quote:

Maybe you should go check out the Rant. There are some one word threads going on over there creating total chaos and anarchy.



LINK

quote:

1. The subject of the thread is too short and not descriptive enough. We often see users just put one word or sometimes two words. Even 3-4 words can be too short. These are immediately anchored. Again, be descriptive. The subject should contain the point of your thread.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15852 posts
Posted on 6/7/22 at 4:45 pm to
quote:

either way, we need to get busy living or get busy dying.


Posted by go ta hell ole miss
Member since Jan 2007
14572 posts
Posted on 6/7/22 at 5:17 pm to
Then go bitch and complain to them like you do people here.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 6/7/22 at 5:22 pm to
quote:

Then go bitch and complain to them like you do people here.


No need when we’ve got this fancy RA button
Posted by Triple Bogey
19th Green
Member since May 2017
6572 posts
Posted on 6/7/22 at 6:52 pm to
A lot of them just talk their own book. Always cracks me up when one of the Najarians get on with unusual activity and the stocks they mention shoot up 1-2%. However they are positioned is how they talk.

It changes like the weather though. One -3% down day, everyone is bearish and recession is imminent. One week like last week and the bottom is in for the year.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/7/22 at 7:23 pm to
I met Jon at the Vegas investors conference a few months ago. Interesting and very friendly fellow - also a player in Chicago real estate. I mentioned to him that I often follow his bullish option plays. Only instead of buying the calls, I tend to sell the OTM puts. If his play out, he can make many times the percentage return that I can. But if it doesn’t (or it does), I still collect a healthy premium (because these tend to be high IV equities), while he’d lose the premium he paid. Worst case for me, if it crashes, I end up with stock in inventory that I can sell calls against. He said that he found the concept interesting and they do similar things from time to time. But they’re also into exotic stuff that’s above my pay grade.

True, they all “talk their book” on CNBC and elsewhere. But over the years, I have found tradeables, even if my trading style isn’t the same as theirs.
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/7/22 at 7:54 pm to
I watch the tape every now and then to see if something catches my interest on a crazy up or down move, I like playing options on whipsaw moving stuff. And every now and then I see a ticker I’ve never heard of. The talk is just talk but it is funny

quote:

IamBitchmade
you just go ahead and RA. That is after all, what bitches do
Posted by DTRooster
Belle River, La
Member since Dec 2013
8893 posts
Posted on 6/7/22 at 8:11 pm to
I’ve got a bunch of VLO that’s out the box right now and my mind is screaming sell,sell,sell like old goggleye Cramer but my gut says hold. I may check into selling covered calls and let the market decide for me. I’ve never done that before but I’m gonna price them up tomorrow and see. Does it matter if the stock is held in a different brokerage than the call sales? My holdings are in Merrill but I do all my options stuff thru ETrade and have no idea how that works. I rarely hold contracts for more than a couple days
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 6/7/22 at 8:42 pm to
quote:

Does it matter if the stock is held in a different brokerage than the call sales? My holdings are in Merrill but I do all my options stuff thru ETrade and have no idea how that works. I rarely hold contracts for more than a couple days


Yeah, they need to be not just with the same brokerage, but in the same account. Otherwise you’d be selling naked calls.
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