Recent comments in /f/wallstreetbets

Ma4r t1_jeayww0 wrote

Reply to comment by Paradox68 in Anyone else think AMZN is going to pop off tomorrow? by Paradox68

It surged 1.7% ,that's barely a $300 increase for a $15.000 investment... The risk reward ratio is insane considering that tech startups are getting fucked while the big customers are cutting costs and looking to move inhouse for their hosting purposes.

I also believe that the only reason amazon jumped today was just the general stock market being up with many other stocks today having a 2% jump and more which are way better investments than amazon. So from an opportunity cost perspective you actually missed out on a significant amount on this investment.

Edit: It's already down to 1.3% if you didn't come out of the trade during day highs . Considering last year inflation was at 6% you're still losing money in this 1 year trade imgimgimg

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VisualMod t1_jeay81d wrote

Reply to The Fed Raised Rates But The Economy Is Cooling: Understanding The Current Macro Situation by HorrorCharacter5127

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dwinps t1_jeaxxxq wrote

Reply to comment by megaultraman in Subprime is back on the menu boys! by megaultraman

Who knows if FRB is going to make it, not me, but asserting that they need to be able to loan at 5% over what they are paying depositors is nonsensical

As for hearing about them liquidating, no they definitely don't give me a call and tell me if they do.

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sudden_aggression t1_jeax6gs wrote

Reply to comment by dumb_brick in Subprime is back on the menu boys! by megaultraman

Pretty much the entire automotive market these days is built around the assumption that the car will end up being repoed long before the loan is paid off. They're basically just charging rent on cars and calling it a secured debt.

That's why cars have gotten so ludicrously expensive and terms of gotten so long- everyone is just choosing a rent payment and deluding themselves that they will hold out for the next 7 years and own it someday for the price of a house.

And of course they're not thinking far enough ahead to realize that unlike a lease, they will pay for all the depreciation as well when the repoed car is auctioned off.

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wallstreetbets-ModTeam t1_jeawzb2 wrote

Reply to What stock are you guys currently looking at? by mastdoug

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2conservative t1_jeavcmn wrote

Reply to comment by chuck_portis in Thoughts on why Big Tech has been rallying and if it’s sustainable? by vwxyzabcdef

Its all about the debt they carry. Or return they are getting on other long term assets. For instance, the banks are in trouble for multiple reasons but investing in long term bonds at 3% and then having the FEDs jack rates up to 7% - that wasn't good for their bottom line. Also fixed mortgages at 3.25% - they are losing money on those now. Might be one of the reasons Wells Fargo said they were exiting the Mortgage business a few months ago. A year ago, carrying debt was smart and all the big companies did it (why not at 1 or 2%). That is cheap and allows them to use cash for more productive purposes. From Google:

How Much Debt Does Apple Carry? The image below, which you can click on for greater detail, shows that Apple had debt of US$111.1b at the end of December 2022, a reduction from US$122.8b over a year.

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sudden_aggression t1_jeauyw5 wrote

Reply to Subprime is back on the menu boys! by megaultraman

The only thing the banks are really punished for these days is not being aggressive enough in pursuing profit. Stupid risk taking is punished with bailouts. Giving out 300% APR mortgages to hobos is pretty much inevitable with the current incentive structure.

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