Anybody Buying Yet? Where’s the Bottom?

[Treeshark]

This new guy sucks!

 

[jryoung]

This is the worst hire of a fed chairman since the last hire. Will Warsh get a "too late" nickname too, or does he get a new one?

 

[TOGIE]

This is the worst hire of a fed chairman since the last hire. Will Warsh get a "too late" nickname too, or does he get a new one?

Wishy-Washy Warsh

Wannabe Warsh

Whiney Warsh

does Kalshi have any predictions?

 

[jryoung]

Waiting to cut Warsh

Washout Warsh

Washed up Warsh

 

[Flatrock]

Meh. A pullback because of Warsh is a 100% nothing burger. I'd be surprised if the S&P dipped to 7,000 but if it did, I think it would be a gift of a buying opportunity.

 

[Jack Ryan]

Buying right now.
SPCX
QQQ
VOO
SPHQ
SPMO
PSI

 

[Treeshark]

Lookin red today, ALL red!

 

[Big Sky Guy]

Trump saying buy WQTM without saying buy WQTM?

 

[Flatrock]

Lookin red today, ALL red!

I wouldn't mind a few more days like today! A nice sale on everything would be great.

 

[Wild Bill]

Anybody get in on Wendy's today?

 

[Wes Mantooth]

I am just pissed I didn't act on the GLP-1 options with Eli, Novo, etc. a few years ago.

 

[Jack Ryan]

Sold out a pile of PSI and bought it back a dollar cheaper today.

 

[Foxtrot1]

Anyone looking at Kratos Defense?

 

[INMT]

 

[Jack Ryan]

PSI up about 6% today.

 

[Bonasababy]

How does the SECs plan to end the requirement for quarterly reporting strike folks?

Advocates for personal investors are alarmed. Their claims of it being easier to hide trouble ring true to me, as does their claims that the wealthy have resources to keep aware of issues that the average investor doesnt.

The libertarian Cato Institute has said that Trump and his SEC appointed leaders rationale for the change doesnt hold water.

 

[BigHornRam]

How does the SECs plan to end the requirement for quarterly reporting strike folks?

Advocates for personal investors are alarmed. Their claims of it being easier to hide trouble ring true to me, as does their claims that the wealthy have resources to keep aware of issues that the average investor doesnt.

The libertarian Cato Institute has said that Trump and his SEC appointed leaders rationale for the change doesnt hold water.

I would be more concerned about the impact on the stock market if the communist successfully implement a wealth tax.

 

[jryoung]

How does the SECs plan to end the requirement for quarterly reporting strike folks?

Advocates for personal investors are alarmed. Their claims of it being easier to hide trouble ring true to me, as does their claims that the wealthy have resources to keep aware of issues that the average investor doesnt.

The libertarian Cato Institute has said that Trump and his SEC appointed leaders rationale for the change doesnt hold water.

Having been responsible for SEC reporting as a consultant and auditor at PWC, and in charge of domestic reporting and compliance for a publically traded company I certainly have some concerns. Quarterly reporting though always had a heavy lean towards guidance (which drives stock prices). On the audit side most of the work on a monthly and quarterly basis was still with the focus towards year end, but we still had to pause once the books were closed and get the filings ready. I could see where that would be beneficial to allow the teams to continue to focus on the books instead of pausing to work on reporting. I would imagine most companies will still have quarterly metrics, KPIs etc. etc.

The voluntary notion of the reporting frequency is interesting, it'll be interesting to see which companies and industries prefer to mainain the current quarterly requirement and those that opt out.

I'm curious to see how analysts adjust. They still need industry data to be able to report, how to they maintain trust and accuracy?

Time to have some beers with my accounting and analyst friends to see what their thoughts are.