I have no idea..if you see 10 year T's notes get a bump you know people are seeking cover given the interest rates it would be hard to believe but it says something about the way risk is viewed
Looking for value but it's hard to find.
I do like BZUN..1 x 2021 earnings @ 33.80 Today, it's a Chinese stock.
Today dividends paid on VALE SA..I'm doing stuff I don't normally do..trimming % weekly outa a second account.
Bozzie I dont think anything looks very attractive...but I having beeen thinking that for awhile now. I am fairly heavy in gold and silver which are pretty boring. I just think with the printing press running non stop that there will be inflation and the dollar will go down....it will be the way to pay off the debt with cheaper money.
I put some of my cash into some more silver today because it was down about 10% this morning. I dont see something being worth 10% less one day really being worth 10% less.... or on the flip side being worth 10% more in one day with no major change. Same goes for stocks when they go up or down too fast.
I put some of my cash into some more silver today because it was down about 10% this morning. I dont see something being worth 10% less one day really being worth 10% less.... or on the flip side being worth 10% more in one day with no major change. Same goes for stocks when they go up or down too fast.
I agree..and thanks for your thoughts.
I haven't bought any metals but I have moved outa the high fliers in to value plays with potential and have been trimming about 10 % weekly give or take. I'm always defensive but not risk averse, I'm sitting on cash. I'd like another house but housing is the one bright spot in the economy.
I'm betting on distress , cash will be helpful we should see assets at discount prices Including some homes, particularly those with second mortgages. It's weird out there in the market for sure but I'm still holding in a few I think have great potential even with a major downturn...Limited Pharma and cloud I still like and hold.
I haven't bought any metals but I have moved outa the high fliers in to value plays with potential and have been trimming about 10 % weekly give or take. I'm always defensive but not risk averse, I'm sitting on cash. I'd like another house but housing is the one bright spot in the economy.
I'm betting on distress , cash will be helpful we should see assets at discount prices Including some homes, particularly those with second mortgages. It's weird out there in the market for sure but I'm still holding in a few I think have great potential even with a major downturn...Limited Pharma and cloud I still like and hold.
LLNW...Down and I'm buying.
[FONT="]"ROKU seeing major gains today on news of peacock and potentially hbo max added to their streaming platform. While that is good news for ROKU- they are not the only beneficiaries of this deal. Both peacock and HBO max have contracts in place with limelight networks to be the primary CDN for streaming video. $llnw network is essentially ez pass for these streaming platforms they just sit back and provide distribution channels for content while collecting a toll for each user. LLNW also picked up online learning platforms yesterday".[/FONT]
[FONT="]"ROKU seeing major gains today on news of peacock and potentially hbo max added to their streaming platform. While that is good news for ROKU- they are not the only beneficiaries of this deal. Both peacock and HBO max have contracts in place with limelight networks to be the primary CDN for streaming video. $llnw network is essentially ez pass for these streaming platforms they just sit back and provide distribution channels for content while collecting a toll for each user. LLNW also picked up online learning platforms yesterday".[/FONT]
Global Market Comments
September 24, 2020
Fiat Lux
September 24, 2020
Fiat Lux
Featured Trade:
(ELON’S BATTERY DAY BLOWOUT),
(TSLA), (GM), (F)
(TSLA), (GM), (F)
Elon’s Battery Day Blowout
I have to admit that I have been buying into Elon Musk’s vision since I first met him more than 20 years ago, back in his ****** days. He could see how the future would unroll for the next 50 years.That has delivered the best investment of my lifetime, with my Tesla shares (TSLA) up 151X from my initial $16.50 cost.
Thanks to Elon, my home is now completely grid-independent, with 59 solar panels and three 13.5 watt Tesla Powerwalls. I am only connected to PG&E so I can sell them my excess power at afternoon peak prices. In the mornings, I recharge my batteries. That’s a cool thing to have when your local utility completely shuts off power for six days a year.
So it was with some enthusiasm that I attended Tesla’s annual shareholder meeting and Battery Day.
Elon Musk was there with all his swagger and confidence in front of a giant screen. The audience was limited to those sitting in Teslas to enable social distancing, and when they approved, they honked horns instead of clapping.
It was a noisy event.
The past five years have been hottest on record. Climate change is accelerating, so the time to step up the move to a truly sustainable grid is here. It is nothing less than a matter of survival of the species. As Musk spoke, pictures of San Francisco's recent orange days, when you could see 100 feet, flashed up on the screen. A hundred-fold increase in our efforts is called for.
The good news is that 76% of the new electricity generation built this year will be wind and solar, or 32 GW. In 2010, 46% of electricity was coal-generated. Today it is half. Trump promises to rescue the industry came to nothing.
Even if 100% of new electricity generation comes from alternatives, it would take 25 years to convert the entire national grid. There is not enough time left to accomplish this to avoid environmental catastrophe.
The three legs of the future of power are solar power, solar storage, and electric cars.
Tesla has made a major contribution so far in all of these, with over 1 million electric cars produced, 26 billion electric car miles driven, 5 GWh of stationary batteries installed (I have 40.5 Watts), and 17 terawatt-hours of solar power generated.
The Shanghai Tesla factory went from a pile of dirt to mass production in an amazing 15 months, and that facility will soon be doubled in size.
“Tera is the new giga,” said Elon. A terawatt is 1,000 times more power than a gigawatt.
The world needs 10 terawatt hours of new battery production a year to transition the global car fleet to all electric in 15 years. We need 1,600 fold growth in battery efficiencies to convert the entire grid to electric. That means we need 25 terawatt hours a year for 15 years. That is Tesla’s goal.
Tesla’s present Nevada Gigafactory is producing only 1.5 terawatt hours a year in batteries. Would need 135 more factories to meet the above demand with current technology.
To achieve this, Tesla needs to make cars cheaper. The cost per kilowatt is not improving fast enough.
Tesla’s current plan to cut battery costs by half working by improving every one of the dozens of steps of production.
The newest battery design brings 6X increase in energy density levels, will begin mass production in a year in Fremont. Interestingly, Musk relied on existing paper and mottle mass production as models. The design is too complex to describe here but is brilliant. It’s easier to understand with the graphics found in the YouTube video below.
Down the road dry electrodes will bring further 10X improvement in power. New machine designs and processes will bring a 7X improvement in output. Tesla’s plan is to achieve a further 75% improvement in the cost of production. The eventual goal is to make Tesla the best manufacturer on earth.
By 2022, Tesla will see a 100 GWh production increase in batteries and 3 terawatt hours by 2030. That is a 30-fold jump.
Silicon is the most abundant element in the world after oxygen and will be used toreplace existing graphite chemistry. Moving from processed silicon to raw silicon will deliver cheaper anodes and an 18% cheaper battery. Cathodes will use nickel-manganese allowing an 80% cost reduction.
Some 100% of batteries are now recycled, will eventually become sole source of raw materials for new batteries. Thus, it will become a super-efficient closed cycle.
Tesla will also reduce car costs by casting the battery as a single piece of the car body. The aircraft industry first accomplished this with fuel tanks during WWII. This alone would eliminate unnecessary 370 parts.
The next upgrade in design and manufacturing will take three years to implement and deliver a 69% reduction in cost creating a “compelling” $25,000 car that is fully autonomous and will not needed maintenance.
This chops the lifetime cost of Teslas by half when compared to conventional gasoline-powered engines. If Musk can deliver on this promise, General Motors (GM) and Ford Motors (F) are toast.
Tesla is also developing a new supercar. The Tesla Plaid Model S will have a 520-mile range, go from zero to 60 miles per hour in under two seconds, and offer a positively bestial 1100 horsepower motor. You can order yours at the end of 2021. No price was mentioned, but my guess is somewhere north of $250,000.
I already have the Model X with “ludicrous” mode that catapults from 0 to 60 in 2.9 seconds and just that presents a major whiplash risk.
After the event finished, it was clear that the stock market was not drinking the Kool-Aide, Tesla shares diving 5%. It turned out to be a big “buy the rumor, sell the news” event. When traders hear the words “long-term” they glaze over and run a mile.
We may need to wait for the next cycle of upgrades and product announcements to achieve a true upside breakout.
I have to admit that I have been buying into Elon Musk’s vision since I first met him more than 20 years ago, back in his ****** days. He could see how the future would unroll for the next 50 years.That has delivered the best investment of my lifetime, with my Tesla shares (TSLA) up 151X from my initial $16.50 cost.
Thanks to Elon, my home is now completely grid-independent, with 59 solar panels and three 13.5 watt Tesla Powerwalls. I am only connected to PG&E so I can sell them my excess power at afternoon peak prices. In the mornings, I recharge my batteries. That’s a cool thing to have when your local utility completely shuts off power for six days a year.
So it was with some enthusiasm that I attended Tesla’s annual shareholder meeting and Battery Day.
Elon Musk was there with all his swagger and confidence in front of a giant screen. The audience was limited to those sitting in Teslas to enable social distancing, and when they approved, they honked horns instead of clapping.
It was a noisy event.
The past five years have been hottest on record. Climate change is accelerating, so the time to step up the move to a truly sustainable grid is here. It is nothing less than a matter of survival of the species. As Musk spoke, pictures of San Francisco's recent orange days, when you could see 100 feet, flashed up on the screen. A hundred-fold increase in our efforts is called for.
The good news is that 76% of the new electricity generation built this year will be wind and solar, or 32 GW. In 2010, 46% of electricity was coal-generated. Today it is half. Trump promises to rescue the industry came to nothing.
Even if 100% of new electricity generation comes from alternatives, it would take 25 years to convert the entire national grid. There is not enough time left to accomplish this to avoid environmental catastrophe.
The three legs of the future of power are solar power, solar storage, and electric cars.
Tesla has made a major contribution so far in all of these, with over 1 million electric cars produced, 26 billion electric car miles driven, 5 GWh of stationary batteries installed (I have 40.5 Watts), and 17 terawatt-hours of solar power generated.
The Shanghai Tesla factory went from a pile of dirt to mass production in an amazing 15 months, and that facility will soon be doubled in size.
“Tera is the new giga,” said Elon. A terawatt is 1,000 times more power than a gigawatt.
The world needs 10 terawatt hours of new battery production a year to transition the global car fleet to all electric in 15 years. We need 1,600 fold growth in battery efficiencies to convert the entire grid to electric. That means we need 25 terawatt hours a year for 15 years. That is Tesla’s goal.
Tesla’s present Nevada Gigafactory is producing only 1.5 terawatt hours a year in batteries. Would need 135 more factories to meet the above demand with current technology.
To achieve this, Tesla needs to make cars cheaper. The cost per kilowatt is not improving fast enough.
Tesla’s current plan to cut battery costs by half working by improving every one of the dozens of steps of production.
The newest battery design brings 6X increase in energy density levels, will begin mass production in a year in Fremont. Interestingly, Musk relied on existing paper and mottle mass production as models. The design is too complex to describe here but is brilliant. It’s easier to understand with the graphics found in the YouTube video below.
Down the road dry electrodes will bring further 10X improvement in power. New machine designs and processes will bring a 7X improvement in output. Tesla’s plan is to achieve a further 75% improvement in the cost of production. The eventual goal is to make Tesla the best manufacturer on earth.
By 2022, Tesla will see a 100 GWh production increase in batteries and 3 terawatt hours by 2030. That is a 30-fold jump.
Silicon is the most abundant element in the world after oxygen and will be used toreplace existing graphite chemistry. Moving from processed silicon to raw silicon will deliver cheaper anodes and an 18% cheaper battery. Cathodes will use nickel-manganese allowing an 80% cost reduction.
Some 100% of batteries are now recycled, will eventually become sole source of raw materials for new batteries. Thus, it will become a super-efficient closed cycle.
Tesla will also reduce car costs by casting the battery as a single piece of the car body. The aircraft industry first accomplished this with fuel tanks during WWII. This alone would eliminate unnecessary 370 parts.
The next upgrade in design and manufacturing will take three years to implement and deliver a 69% reduction in cost creating a “compelling” $25,000 car that is fully autonomous and will not needed maintenance.
This chops the lifetime cost of Teslas by half when compared to conventional gasoline-powered engines. If Musk can deliver on this promise, General Motors (GM) and Ford Motors (F) are toast.
Tesla is also developing a new supercar. The Tesla Plaid Model S will have a 520-mile range, go from zero to 60 miles per hour in under two seconds, and offer a positively bestial 1100 horsepower motor. You can order yours at the end of 2021. No price was mentioned, but my guess is somewhere north of $250,000.
I already have the Model X with “ludicrous” mode that catapults from 0 to 60 in 2.9 seconds and just that presents a major whiplash risk.
After the event finished, it was clear that the stock market was not drinking the Kool-Aide, Tesla shares diving 5%. It turned out to be a big “buy the rumor, sell the news” event. When traders hear the words “long-term” they glaze over and run a mile.
We may need to wait for the next cycle of upgrades and product announcements to achieve a true upside breakout.
Quote of the Day
"Everybody talks about the Volatility Index (VIX), but the new fear gauge is the 10-year Treasury bond," said Art Cashin of UBS Financial Services.
This is not a solicitation to buy or sell securities
VALE SA=Nickel play
"Silicon is the most abundant element in the world after oxygen and will be used toreplace existing graphite chemistry. Moving from processed silicon to raw silicon will deliver cheaper anodes and an 18% cheaper battery. Cathodes will use nickel-manganese allowing an 80% cost reduction."
MNK finally is about the file..should be an interesting study in bankruptcies ,,this was a great company at one point and they still have massive assets...worth watching this.Stock @ 95 cents this AM
[h=1]Mallinckrodt preparing bankruptcy filing as heavy bills come due - WSJ[/h]Sep. 25, 2020 3:55 PM ET|About: Mallinckrodt plc (MNK)|By: Jason Aycock, SA News Editor
Mallinckrodt (MNK +1.8%) is readying a bankruptcy filing within weeks, the WSJ reports, saying it may set up a battle over the company's role in the opioid crisis.
The company is talking with key creditors over a restructuring plan covering more than $5B in debt, according to the report - but that framework isn't getting support from states and territories that have sued the company and peers over opioids.
Mallinckrodt appealed a March ruling ordering the company to pay $640M in retroactive rebates tied to MS treatment Acthar, an event impacting its ability to follow through on a $1.6B February settlement with most state attorneys general over opioids.
With the $640M bill close to coming due, a Chapter 11 filing could give the company some financial breathing room.
Massive opioid litigation cases and individual states want blood ..crushing blow to what was once a great company.
They will reorganize under a bankruptcy they have a great product line.. 86 cents today.
I don't have the guts to play this but it could pay with the right announcement
"Wouldn't touch it with a ten foot pole" as ZZ Top once said.
