Market after NVDA

[jon-nyc]

Yeah one can search ‘shit index’ on old TNCR and see me go on about that very fact.

[Horace]

@jon-nyc The information is hereby vetted, and found to be accurate.

I inferred that a stock split would arbitrarily send the index down, but learned that they actually do account for that. So it's not quite as bad as it could be.

[Horace]

Berkshire Hathaway, which has the odd tradition of reporting on Saturday mornings, turned in a real flop. Profits down 30%. But the stock has been garbage for a while, so maybe this was priced in. It'll be interesting what it does on Monday.

I don't know how anybody justifies to themselves buying BRK when the executives of BRK, with an enormous cash pile, refuse to buy their own shares. If you believe in BRK because you think it's a wisely run business, then ironically you shouldn't be buying their stock.

[taiwan_girl]

Overall, I think that the stock of Bershire Hathaway has done pretty well.

[89th]

I'm no statistician but statistically they should have a red bar soon.

[Axtremus]

BRK has such a big exposure to so many areas of the overall economy that its movement can be expected to track that of the general market. What @89th says above is about as likely as the general market statistically getting a red bar soon.

[Horace]

BRK down 5%. The overall market had a very short-lived dip this morning over the iran stuff, but indexes are green now. Surprisingly, silver is way down and has stayed down.

[Axtremus]

@Horace said in Market after NVDA:

Surprisingly, silver is way down and has stayed down.

Silver has ran up a lot in the recent past; maybe this is just a technical correction.

[Horace]

@Axtremus said in Market after NVDA:

@Horace said in Market after NVDA:

Surprisingly, silver is way down and has stayed down.

Silver has ran up a lot in the recent past; maybe this is just a technical correction.

A random walk correction that people backfit hocus pocus "technical" rationale to? Yes could be.

[Mik]

Still down a little bit, but the rebound gave back about 60% of this morning's dip. I suspect OPEC deciding to increase production helped.