Rolling US Economy Into The Shitbin Thread

I'm too young for it to be worth giving myself heartburn over oscillations in my net worth rn but I'm counting on Yerac to tell us when we reach the bottom so I can resume plowing cash into VFFVX

There is no bottom. Have we learned nothing post 2016?

and don't worry about your 401k unless you are, like, close to being able to withdraw from it. Although I usually looked at mine once a month to see if I wanted to redistribute or needed to get rid of some company stock (if they give you an as compensation).

At any rate, market timers don't invest at the bottom. They wait till there's only despondancy in peers and pop culture (ie, everyone who wanted to sell did) and tech indicators suggests the doofuses who look at charts are about to get back in.

this thread is the top i’m shorting ilx so fucking hard

love to bounce dead cats off the ground

love a 5% rally on no news

Dead cat bounce?

Insanity. I just counted how many trades I had to make. 19.

Rest of this week should be fun.

wonder the most recent january the DJIA opened the year so dire

2016 was hell.

good news everybody

.⁦@realDonaldTrump⁩ says there was a “glitch” in stock markets last month, but they will go up again as trade deals are made and have a long way (up) to go pic.twitter.com/GKgYEy5oDq

— Jeff Mason (@jeffmason1) January 2, 2019

he's taking the SPX private at $420

Apple lowering guidance https://t.co/VBDek4GWD9

— Joe Weisenthal (@TheStalwart) January 2, 2019

Kinda curious what 'net-cash neutral' exactly means in this context.

Our profitability and cash flow generation are strong, and we expect to exit the quarter with approximately $130 billion in net cash. As we have stated before, we plan to become net-cash neutral over time.

They’re going to continue spending their cash board on buybacks is presumably what that means.

Would that mean no increase or decrease in cash on the balance sheet?

*hoard

weakness in china. is that good or not. i forget?

Net cash neutral suggests they plan on matching stock buybacks and cap ex to cash flow. Ie, if net cash neutral in 2019, they'd have $130B on the books in 2020.

feel like this is all karma for getting rid of the headphone jack

fuck u apple

They have a business model predicated on phone users updating on an annual or biannual basis. I'm perfectly content with a $40 pre-paid plan (ie, no subsidy for phone purchases), and buying whatever iPhone is available at the $150 mark on gazelle.com should I break the screen. 5S forever.

As Apple goes, so goes the Nasdaq. pic.twitter.com/OxGyEWGKeG

— Rene Nielson (@nielson_rene) January 3, 2019

airpods look atrocious. Stock should tank purely for that reason.

Have the last 3-4 generations of iPhones had any important innovations at all? Like there's no reason for me to get a new one, especially knowing that it doesn't even have the headphone jack. All the "new" stuff feels gimmicky and unessential. Perhaps not Apple's fault - I'm not sure what there is left to do in the smartphone space - but relying on customers dumping a grand for tiny incremental upgrades is pretty dumb

the upgrades are getting more and more incremental yeah, unless they can convince the mass populace that they need to play fortnite on their phones there's not a lot of reason to upgrade more than once every 4 or 5 years anymore

I think the price is up in part bc carrier subsidized upgrades are kinda going away and people are replacing their phones every 3-4 years instead of every year or two like clockwork.

my kids were happily playing fortnite on my old 5s for days until i caught them at it

hell i upgraded from a 2014 phone to a 2019 phone and sure everything loads a bit faster but the only major difference to me is the battery life is like 10x longer

trust trump. the chinese will come around soon!

I gave up my iphone and went to a cheap unlocked motoG 3-4 years ago. Completely fine.

We’re No Longer in Smartphone Plateau. We’re in the Smartphone Decline.

If you bought a new iPhone 3G in 2008, and then a new iPhone 4 in 2010, you were buying markedly different machines, with the iPhone 4 sporting a Retina display, a much better battery, a faster processor, and a sleek, sharp-edged design. If you bought an iPhone 6 in 2014 and then an iPhone 7 in 2016, that expected improvement was much harder to mark (except, perhaps for that fact the the iPhone 7 didn’t have a 3.5mm headphone jack).

> only major difference to me is the battery life is like 10x longer

Less a matter of technology improvements than charge cycles taking their toll on the battery. The iPhone is notoriously ill designed for battery replacement (My old iPhone 4 had to be pretty completely disassembled), but for $29 from iFixit I'd do it again.

xp resolution on those cameras sure didn't decline

The next apple product i will buy will be whenever they have a swank med alert bracelet.

oh wait, looks like the apple watch may do this.

xps wow, going from 305 million to 1.46 billion phones shipped globally in only seven years might have had something to do with the market saturation...

hell i upgraded from a 2014 phone to a 2019 phone and sure everything loads a bit faster but the only major difference to me is the battery life is like 10x longer

― ciderpress, Thursday, January 3, 2019 11:28 AM (one hour ago) Bookmark Flag Post Permalink

the only reason i got a new phone, and it was totally worth it tbh

just walked past the apple store and there was a tv reporter doing a remote: 'apple's stock is down 30% since early november . . . '

This still doesn't look to me like we've reached capitulation, yet. It looks like there are still money managers trying to ride the big swings.

the only new Apple product I would buy would be a new ipod lol

ditto

I have a 160 classic with a battery on the wane, not sure what to do

Buy a couple-year-old iPhone and use it without a SIM?

Then you can use Spotify/Apple Music/SoundCloud and Zing/ILX while you're at it.

might do that but they only go to 128 GB and I don't wanna delete a bunch of stuff off it

think I'm just gonna subscribe to Apple Music some day so I can have everything on the cloud at least, but I don't wanna pay $9.99 a month for a service I'm not really gonna use

I have a 160 classic with a battery on the wane, not sure what to do

I just got rid of my 160GB Classic that I'd had since 2011. Replaced it with the Sony NW-A45 Walkman, which has a 16GB internal hard drive but also takes a MicroSD card. I'm using a 200GB card at the moment.

You should look for a better price, thoug - when I bought it last month it was $178.

yea I'd love something like that but I have so many playlists and junk built into iTunes that I don't yet wanna move away from that. Apple got me there.

xpost aimless, i don't think we are anywhere near capitulation. I posted somewhere else that I was waiting for the second trading day of the new year to see if I wanted to go long anything. I am picking up tiny, tiny amounts of a couple of equities but I think this entire month will be really volatile.