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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
A place to talk about investing stuff.
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Old Today, 06:55 AM   #14071
Buehler445 Buehler445 is online now
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Weight Watchers (WW) is down to .89 and is laying off a bunch of people and is cutting 100M in expenses.

GLP-1 killed weight watchers.

Interesting.
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Old Today, 07:45 AM   #14072
Rain Man Rain Man is online now
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Originally Posted by Buehler445 View Post
Weight Watchers (WW) is down to .89 and is laying off a bunch of people and is cutting 100M in expenses.

GLP-1 killed weight watchers.

Interesting.
It sounds like they're really cutting the fat.

I didn't think about the drugs killing Industries like this. You'd think that people would still want the social support and diet support.
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Old Today, 07:49 AM   #14073
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Blood ****ing bath.
Today they're walking amongst the bodies and shooting anything that's still moving.

The past two weeks have been absolutely brutal. I have blood flowing from every financial orifice. My strategy of buying CDs for the past year has been great, but I've got enough tech that I'm still losing my shirt.
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Old Today, 07:49 AM   #14074
ThaVirus ThaVirus is offline
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I read that even Oprah started taking Ozempic after yeeears of endorsing Weight Watchers. If true, had to be a killer for their clout.
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Old Today, 08:14 AM   #14075
Hog's Gone Fishin Hog's Gone Fishin is offline
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This is when monthly dividends really shine. The NAV erosion of everything else has no way out.

NVDY and AMZY I'm adding MOAR!
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Old Today, 08:18 AM   #14076
Hog's Gone Fishin Hog's Gone Fishin is offline
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Quote:
Originally Posted by Buehler445 View Post
Weight Watchers (WW) is down to .89 and is laying off a bunch of people and is cutting 100M in expenses.

GLP-1 killed weight watchers.

Interesting.
I'd be interested in seeing a profile of those laid off, I wonder if they fired all the fattys
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Old Today, 02:51 PM   #14077
lewdog lewdog is offline
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Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???

We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years.
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Old Today, 03:13 PM   #14078
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Originally Posted by lewdog View Post
Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???

We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years.
The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses.
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Old Today, 03:27 PM   #14079
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The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses.
Definitely, could just be a much needed correction. This year we extended way too much and it couldn't last forever. Hope that's all it is but we shall see.
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Old Today, 03:41 PM   #14080
Hog's Gone Fishin Hog's Gone Fishin is offline
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Definitely, could just be a much needed correction. This year we extended way too much and it couldn't last forever. Hope that's all it is but we shall see.
Get ready for Mortgage defaults to start hitting. People that bought 4 years ago with variable rate loans bought what they could afford at the time. Now they are struggling if they got an adjustment. I've got 5 mortgages left on rentals that all adjusted in the last 12 months from 5% to 8.75%. I can raise rents, but people with a home mortgage just have to get a 2nd job. Meanwhile the property taxes have increased as well as fuel and groceries. Banks are going to get wrecked shortly or another bailout. Never ends.
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Old Today, 03:47 PM   #14081
lewdog lewdog is offline
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Originally Posted by Hog's Gone Fishin View Post
Get ready for Mortgage defaults to start hitting. People that bought 4 years ago with variable rate loans bought what they could afford at the time. Now they are struggling if they got an adjustment. I've got 5 mortgages left on rentals that all adjusted in the last 12 months from 5% to 8.75%. I can raise rents, but people with a home mortgage just have to get a 2nd job. Meanwhile the property taxes have increased as well as fuel and groceries. Banks are going to get wrecked shortly or another bailout. Never ends.
I agree. Most signs point to that repeating. It is cyclical and it's coming soon (1-2 years), IMO.
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