I just had a friend ask me whether the amount DHL was asking for duties on a purchase was correct. I had to tell him that I did not know. They were asking me because I have ordered from the same foreign company in the past, but that was before the de minimis rule for values less than $800 was rescinded. I imagine that is happening to a lot of people who were just buying something from an overseas company, not just because it was cheaper (which in this case it is not), but because they had the goods that they wanted. Sure it will cause them to decide not to buy something now, but for things they already purchased, they are stuck with the higher cost.
Given how much the total value of the Stock Market and most index funds tend to rely on the software industry, and we’re looking to price out roughly 40% of the workforce from being able to participate (i.e. charging applicants $100k per head), it seems quite strange that tech stocks and the market would be up today.
You might as well tell me how comes that tesla closed today almost at an all-time-high: makes no sense. Maybe someone is cheating. I just don’t know how they do it. Or it is all those index funds: if you are the biggest fish in the pond all the fixed, regular contributions like 401k keep on buying your stock week after week.
At the same time gold, a fear investment if there ever was one, is at an all-time-high too. And not only in U$-dollars.
I won’t even talk about crypto. I refuse to follow that crap.
But everybody, they say, is fully invested, often highly leveraged, while looking to be the one that quits just at the right time. It never works, but this time it’s different.
I think the Chinese EV company, BYD, has been an auto-industry darling for quite a while, but a recent slowdown in East Asian sales probably has the market a bit bearish on BYD in the near- and mid-term, leaving – at least, in theory – an opening for Tesla to gain some (lost) ground in that valuable market:
P/E ratio Tesla: 297. Shares rose from under 300 to over 430 Euro since mai.
P/E ration BYD: 20. Shares fell from over 17 to under 12 Euro since mai.
It’s only numbers.
My company recently told us they needed to cut administrative costs in the tens of millions. In my book that means jobs. I’m expecting buyouts and layoffs before the end of they year and I wouldn’t be surprised if we have more layoffs this spring.
Have you noticed that he often does stupid things on Fridays, before the markets close for the weekend? I believe he does that on purpose because it fucks the markets and gives his friends a better chance at taking advantage of insider information. He is a genius: it is only stupid for the ones not in the know. He is fine.
There was a lot of trading yesterday on brand new accounts created just before his announcement and shut off afterwards. They made slightly under 200 million.