Tesla at $550...what does it tell you about the car market, the equities market, the bond market...

$ available for all kinds of “hobbies”

clearly defines irrational exuberance.

The next Boeing 737 Max.

It tells me, once again, I missed the boat on this one.

Sounds like either the smart money believes electric vehicles are the future or the equity market is an overinflated pig.

Edit: Forgot to add the "Trump roll" Bankrupted everything he touched, looking like America will be no different.

and about the precious metals market ???

The Fed Dog and the stock market beach ball

@renman95 said:

@blitzdude said:

@renman95 said:
InnodefenseofTrumpwhatsover,remember,Barrytookitfrom$10Tto$19T.

Yup Barry was handed the previous clowns great recession. Gump was handed a booming economy. Some are born on 3rd and think they hit a triple.

youmakeitsoundlikebarryhadnoinputintothe$10trillionindebtexpansion.notoncedidbarryhaveasingleyearof-gdp-above3%,firsttimeinamericanhistory.sohedidnothandoveraboomingeconomy.ifanything,barrykeepthebrakesonaslongaspossible.

Do you know what GDP averaged under Obama and what it has averaged under Trump?

@renman95 said:

@cohodk said:

@renman95 said:

@blitzdude said:

@renman95 said:
InnodefenseofTrumpwhatsover,remember,Barrytookitfrom$10Tto$19T.

Yup Barry was handed the previous clowns great recession. Gump was handed a booming economy. Some are born on 3rd and think they hit a triple.

youmakeitsoundlikebarryhadnoinputintothe$10trillionindebtexpansion.notoncedidbarryhaveasingleyearof-gdp-above3%,firsttimeinamericanhistory.sohedidnothandoveraboomingeconomy.ifanything,barrykeepthebrakesonaslongaspossible.

Do you know what GDP averaged under Obama and what it has averaged under Trump?

Yes,i'veseenanywherefrom1.4%to2.1%dependingonstart/finish.Trump:2.7%,2.9%for2018,2019respectively.

You probably should do more research. Did you know Obama had a 5.5% quarter? And no it wasnt just after the 2009 bottom.

When all is said and done, GDP growth will be very similar, even though Trump will have run much higher deficits.

@Coinstartled said:
I think Adam gummed up his keyboard. Or maybe it was hummus.

Given his profession, its most likely the long term effects of excessive exposure to cosmic rays.

@derryb said:
GDP is an historical artifact from an industrial economy that doesn’t really serve its purpose anymore, at least in the US.

We mistakenly expect GDP to measure what it no longer can: "manufacturing is still 35% of GDP, but fewer than 9% of US workers are actually involved in that manufacturing."

GDP says there's no recession. . . to those who fail to see it's weakened value in determining the true strength/weakness of an economy. It's like using hoolahoop sales to determine growth.

So if GDP only measures a minority interest of the economy, it is quite possible that it underestimates growth.

@derryb said:
Your question was answered in what I said. Pay attention.

Oh hear ya Mr. Gloom and Doom. Your "weakened" words. Just making sure you got your eyes open.

@derryb said:
One more time Mr. Sunshine: "it's weakened value in determining the true strength/weakness of an economy."

So just understand which is more likely. Eyes open!!

I've never seen a purple cow
I never hope to see one
But just the same
I'd rather see a purple cow
than be one.

That's all I got...

it all tells me to keep dancing.

LOVE my car, hate the stock (and if I had any I'd be selling).

And it is kind of like driving a smart phone--well switching from my flip phone to an iPhone the first time, but here I went from being a manual transmission snob to driving a single gear. A serious mind shift that goes pretty easily actually.

Then again, there were times Amazon looked like this. And, if for some reason, the other companies decide it's easier to license an adapter for the Superchargers instead of trying to build out a second network, there might be some good money involved. Shoot if Volkswagen goes that route it would be kind of genius seeing as they are going pretty much all in for electric too. THAT would be an interesting partnership.

In any case, it is entertaining to watch. I mean that dang truck was fabulous marketing move. He basically just monetized his R&D department right then. And if he'd called it the 'cyber vehicle' instead of a 'cyber truck' it might have been even more cool. Truck has a fairly standard mental picture associated and 'vehicle' would have made it a more flexible concept. Not sure I want one, but I'd take the model Y in a heartbeat.

and 15 days later this stock has gone up another $100. It just touched $649 in after hours. Up $66 after it reported. This hasn’t been the easiest stock to hold but.........This is a such a pure technology play. The car part is only part of the story.

I just bought my first all electric vehicle ( not a Tesla) and It’s the best car decision Ive ever made. The torque is mind bending.

m

@cohodk said:

@Justacommeman said:

I just bought my first all electric vehicle ( not a Tesla) and It’s the best car decision Ive ever made. The torque is mind bending.

m

Does the whole car twist and rumble when you step on the accelerator?

Nope. The front end raises up a few inches in silence simultaneously as you stomp on the accelerator as it hurtles 0-60 in about 4.4 seconds. Maybe faster. My wife claims whiplash. I claim awesomeness and neck braces are underrated. A literal blast to drive. Two motors.

m