3.24BMarket Cap45.84P/E (TTM)
5.885High5.640Low3.88MVolume5.860Open5.830Pre Close22.14MTurnover0.75%Turnover Ratio48.56P/E (Static)564.70MShares8.88052wk High3.68P/B2.98BFloat Cap4.95052wk Low--Dividend TTM519.48MShs Float8.880Historical High--Div YieldTTM4.20%Amplitude0.222Historical Low5.702Avg Price1Lot Size
cheerfulknight : Hi, is commodities heading up after rate cuts? With the full unwinding of JPY in the near term and coupled with interest rate cuts, USD will depreciate and stock market would drop too?
iamiam OP cheerfulknight : when the markets drop, everything drops. commodities recover faster and stronger. there is a new round of price discovery coming. for the first time in nearly 50 years, everything will be adjusted.
do I think everything will drop initially in the new price discovery? yes.
do I know when the new price discovery will take place? no, although I can guess September at the BRICS meeting.
I just know I want to hold commodities because they trade 1:1, nvidia, for example, trades at 40 times profit to earnings. which one gets sold first during price discovery
cheerfulknight : What is your analysis for QQQ and SPY today?
iamiam OP cheerfulknight : today, Friday the 6th? flattish to down. I don't like anything yet.