Maher's Digital World

Financial news and stock markets.

Offline scarface

  • *****
  • 1824
Re: Financial news and stock markets.
« Reply #250 on: October 14, 2019, 07:19 PM »
A few months ago, I wrote a message about the IPO of Uber. And I warned you about the price of the stock.
http://www.nomaher.com/forum/index.php?topic=3226.msg34225#msg34225
At this time, it was valued at 82 billion $, or 45$ per stock. I was saying that the stock was grossly overvalued and added a few articles. I'm sure Maher and Usman are still laughing about it. And in the next message, I was wondering if uber was not going to be a new snapchat, and lose 50% in the 6 following months.
So 5 months later, where is uber?
The stocks lost "only" 30% over the last 5 months, and the stock price is actually at 31$. There was probably a gross overvaluation of Uber indeed. Now the stock price still needs to lose roughly 20% to reach the first target (23$). And even at this price Uber would be probably way too expensive.
« Last Edit: October 14, 2019, 07:23 PM by scarface »

Offline scarface

  • *****
  • 1824
Re: Financial news and stock markets.
« Reply #251 on: December 11, 2019, 06:03 AM »

Offline scarface

  • *****
  • 1824
Re: Financial news and stock markets.
« Reply #252 on: January 07, 2020, 07:12 PM »
Note that the Dow Jones futures are now losing 360 points, indicating a possible crash for tomorrow. The s&p 500 futures are now at -2%.

Well, it's a bit odd because a few hours ago I was watching an interesting video about a man who is predicting a "megacrack" with serious arguments.

The newspaper Les Échos (owned by LVMH) published an interview with David Solomon, boss of Goldman Sachs, in which he ensures that there will be no financial crisis in 2020. Olivier Piacentini strongly disagrees with these allegations on the basis of various indicators of the global economy.
First, he says that corporate debts are very high (and it's a much bigger threat than the trade war). Then he says that the actions of central banks made asset bubbles. And he says that at the end of 2007, the newspaper les Echos already released an article stating there would be no financial crisis, 2 months before it actually broke out.
It's difficult to know if Olivier Piacentini will be right, or not. However, I advise those who are interested in stock markets, like shadow.97, to be careful.
As I said earlier you can still buy Gold or Silver. Since my advice a few days ago, when Silver was below 18$, it already rose by 3 percent (currently at 18.6$). I have a target above 20$ for Silver. Btw, I have Silver ingots and many gold coins, in a bank safe, in Paris.
Well, I'm going to tell shadow.97 the truth: I don't know if the Swedish stock markets is overvalued actually. And I don't care. But as far as the American markets are concerned, they are expensive. US Analysts are expecting...a 10% rise in earnings for 2020, just to "justify" current valuations. When we know that earnings decreased by 0,3% in the US in both the 3rd and 4rd quarter of 2019, I'm not sure this forecast will be met.

Here is the video with Piacentini, talking about "a megacrack" (in French).
https://www.youtube.com/watch?v=oeLgN_UhG1c



Note that the installers of MKVtoolnix, Libreoffice and handbrake were updated on the forum.
Note that I made a much smaller repack for the Frictionalgames. For the moment this repack is not available, it's still experimental since I modified some dds files (the textures) with a new program. I will release it if it works.
I will try this program on Crysis 3 too see if it works, since it uses dds files too.
« Last Edit: January 07, 2020, 07:16 PM by scarface »