sandy beach Posted November 6, 2018 Report Share Posted November 6, 2018 53 minutes ago, fxfox said: Seems like market is quite sure that Republicans win. Fxfox - respect you greatly but I'm not sure you understand politics in the U.S. The null hypothesis in the U.S. for midterm election is always that the party opposing the President takes a majority in at least one house. In this case the null hypothesis is that the Democrats will take the House of Reps and the Republicans will retain the Senate by a small margin. Only if this doesn't occur will anyone be surprised. Link to comment Share on other sites More sharing options...
sandy beach Posted November 6, 2018 Report Share Posted November 6, 2018 3 hours ago, potatohead said: This Republic Metals bankruptcy is a real problem. $174 million in assets and $265 in liabilities. $177 million in senior debt. Potential for a lot of fallout. [RMC] discovered a significant discrepancy in its inventory accounting as part of its preparation of 2017 year end financials and quarterly financials for the first quarter, 2018 … a final report that confirmed inventory discrepancies in the Debtors’ books and records.” Sounds very much like the missing collateral scandal in China a while back. Please keep us informed. Link to comment Share on other sites More sharing options...
MisFit Kid Posted November 7, 2018 Report Share Posted November 7, 2018 Magical Mystery For The F'in Win AGAIN Crime Pays ARE YOU SURPRISED BY NOW....? > Resubstantiation Vote, RIght?....... and another GAP UP on opening....... Link to comment Share on other sites More sharing options...
aussiebear Posted November 7, 2018 Author Report Share Posted November 7, 2018 ---> Wobbly Wednesday Link to comment Share on other sites More sharing options...
fxfox Posted November 7, 2018 Report Share Posted November 7, 2018 6 hours ago, sandy beach said: Fxfox - respect you greatly but I'm not sure you understand politics in the U.S. The null hypothesis in the U.S. for midterm election is always that the party opposing the President takes a majority in at least one house. In this case the null hypothesis is that the Democrats will take the House of Reps and the Republicans will retain the Senate by a small margin. Only if this doesn't occur will anyone be surprised. Yes I know that this is usually the case, political science calls that „checks and balances“. ? would have been a catastrophe for the country and maybe the whole world if the Republicans would have won the House. Link to comment Share on other sites More sharing options...
Jimbo Posted November 7, 2018 Report Share Posted November 7, 2018 WARREN BITES AN APPLE WITH A WORM IN IT, So Warren takes a bite of the Apple But there is a bit of a worm in it, Worm, thy name is valuation, The time to buy Apple was when it was trading at five times earnings back in early 2013. WHY WAS IT SUCH A GREAT BARGIAN THEN???? 1/ Because the hedge funds were dumping it like there was no tomorrow. Because they wanted to lock in their performance fees before the end of the financial year and they thought if they continued to hold Apple their big fat juicy performance fees would disappear. Thats what happens when you calculate fund manager performance fees on an annual basis. 2/ Apple had a pristine balance sheet with lots of cash and no debt. But come 30 June 2013 the stock did a 180 degree turn and has never looked back!!!!!! (with the new financial year came a positive pshycological "Frame" for the stock) Until now. When it trades for 20 times earnings and it has jumped the shark from a performance point of view. The stock has simply run out of runway (it was a long runway but then Apple is a big stock). Link to comment Share on other sites More sharing options...
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