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Financial News

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QUOTE (Balta1701 @ Aug 26, 2014 -> 04:10 PM)
Isn't that the case anyway?

 

The difference between 15%-20% and 1% is pretty large.

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  • Balta1701
    Balta1701

  • .....we could do a stimulus at the federal level where the federal government spends money....

  • What are you even talking about? The Federal debt did blow up under Obama?  EDIT: Before you respond with your partisan stuff, it blew up under Bush too and will continue to blow up under Trump.

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My favorite part of the BK thing is that the guy named a tax code act after is helping a company flee the country and pay less taxes.

  • 1 month later...

Sadly, guessing this thread is going to be a lot more active soon.

QUOTE (bmags @ Oct 15, 2014 -> 01:16 PM)
Sadly, guessing this thread is going to be a lot more active soon.

 

Why?

Why?

 

Dow down 6.3% in the last 4 3/4 days.

QUOTE (HickoryHuskers @ Oct 15, 2014 -> 01:23 PM)
Dow down 6.3% in the last 4 3/4 days.

 

Just a healthy correction.

 

Buying opportunity.

QUOTE (Y2HH @ Oct 15, 2014 -> 07:26 PM)
Just a healthy correction.

 

Buying opportunity.

 

I really hope so, and with respect to Ebola hitting Boeing getting cut 4% perked my ears.

 

BUT. I'm nervous. Germany/Brazil/China all slowing down, US retail having a declining month and the oil plummet I have to imagine is a sign of a global demand shortage.

 

but I hope you are right. Here's to hoping for a fantastic holiday retail season. If my wife and I can keep our jobs through this, we were hoping to purchase a house in the spring. A real estate correction and the mortgage interest dropping to 4% doesn't hurt me terribly.

QUOTE (bmags @ Oct 15, 2014 -> 01:30 PM)
I really hope so, and with respect to Ebola hitting Boeing getting cut 4% perked my ears.

 

BUT. I'm nervous. Germany/Brazil/China all slowing down, US retail having a declining month and the oil plummet I have to imagine is a sign of a global demand shortage.

 

but I hope you are right. Here's to hoping for a fantastic holiday retail season. If my wife and I can keep our jobs through this, we were hoping to purchase a house in the spring. A real estate correction and the mortgage interest dropping to 4% doesn't hurt me terribly.

 

I think things got a little ahead of themselves for a while there, and this was due. And retail will probably do better with the oil demand falling, as people will have more money to spend, instead of giving it to oil companies.

QUOTE (Y2HH @ Oct 15, 2014 -> 01:32 PM)
I think things got a little ahead of themselves for a while there, and this was due. And retail will probably do better with the oil demand falling, as people will have more money to spend, instead of giving it to oil companies.

 

Energy prices coming down is nothing but good for our economy, as opposed to places like Russia, Venezuela, Iran, etc.

Y'alls best guess - If I had to book a flight for january, knowing that oil is falling. Would you wait or book now?

QUOTE (bmags @ Oct 15, 2014 -> 01:36 PM)
Y'alls best guess - If I had to book a flight for january, knowing that oil is falling. Would you wait or book now?

 

Personally? I wouldn't count on oil to keep falling. I would be looking now, and lock in whenever you see a good price. 21 days before is the magic cutoff for when flying gets really expensive, as a general rule. You've got a time, but if there is a good number now, I'd take it.

Sweet. Thanks.

I think a lot of the airlines hedge their future fuel purchases anyway. They buy long-term contracts, not jet fuel at day-to-day prices.

QUOTE (StrangeSox @ Oct 16, 2014 -> 02:07 PM)
I think a lot of the airlines hedge their future fuel purchases anyway. They buy long-term contracts, not jet fuel at day-to-day prices.

 

Well yes, it's not nearly that volatile but this large of a decrease will be noticeable in pricing as it's been happening for about 2 mos now and does not appear to be from incredible supply increase.

Spain’s unemployment rate fell to the lowest since the end of 2011 in the third quarter as its economy turned into one of the fastest-growing in the euro region.

 

Joblessness fell to 23.7 percent in the three months through September from 24.5 percent in the previous quarter, Spain’s national statistics institute INE said in Madrid today. The economy grew 0.5 percent in the period, the Bank of Spain predicts.

.5% was the fastest growing economy in the Eurozone?

"one of"

 

still, pretty terrible.

What's reading?

  • 2 weeks later...

Meh jobs report. Thought it would be 300k this month

  • 1 month later...

5% and 4.7% GDP growth in 2 and 3, let's see how much cheap oil helps in q4 and lets see some wage growth.

QUOTE (bmags @ Dec 23, 2014 -> 10:58 AM)
5% and 4.7% GDP growth in 2 and 3, let's see how much cheap oil helps in q4 and lets see some wage growth.

5% is the best quarterly number since 2003.

  • 1 month later...

Alibaba (BABA) getting hammered...

 

 

down to $90 in pre-trading

 

So between the Chinese government leaking their "attack report" six months late...to the disappointing earnings announcement today...and then earlier in the week the announcement that Yahoo was spinning off its stake, lots of moving pieces.

 

 

Has zoomed from around $82-83 (IPO time) up to $120 and now back to the low $90's with more room to fall.

 

 

So the logical play here is wait until Alibaba's around $68-70 or Yahoo (because they have a 15% stake in BABA and will spin it off in the 2nd half of the year) is around $34-36...because most are arguing the stock's being punished unfairly at the moment and there's nothing fundamentally wrong with their strategic position in e-commerce.

Edited by caulfield12

Crain's Chicago ‏@CrainsChicago 2h2 hours ago

 

RadioShack is in talks to sell half its stores to Sprint and close the rest: http://trib.al/O91PRi5

Well, they tried. I thought they did a decent job of pivoting but when your pivot is making a store not as good as best buy it's a matter of time.

 

I hope the displaced find jobs quickly. Unfortunately, looks like there's still a lot of slack in the labor market.

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