Boiler Room: The Official Stock Market Discussion

[Serious]

There we have it: GS, BoA, JPM just saved the market.

They set the tone for earnings season:

Goldman shares rise after topping analysts' expectations on strong bond-trading results

Goldman's traders tends to outperform other banks during periods of high volatility, which helped the firm in the third quarter.

www.cnbc.com

FINANCE

Goldman shares rise after topping analysts’ expectations on strong bond-trading results​

Goldman Sachs posted third-quarter results Tuesday that topped analysts’ expectations for profit and revenue on better-than-expected trading results.

Here are the numbers:

• Earnings: $8.25 a share. vs. $7.69 per share estimate according to Refinitiv
• Revenue: $11.98 billion, vs. $11.41 billion estimate

Here’s what Wall Street expects:

• Trading Revenue: Fixed Income $3 billion, Equities $2.59 billion
• Investing Banking: $1.84 billion

 

[Serious]

Market looks sets to rally. I can't really think of any real catalyst until Nov 2-3(FOMC), that will tank the market.


However I think the fun just began:

We're not out the woods yet.


This next rally may be a good idea to trim so more profits.

Goldman CEO David Solomon says there's a good chance of a recession and so it's time to be cautious

Goldman Sachs CEO David Solomon cautioned Tuesday that the U.S. economy might be headed for a downturn

www.cnbc.com

 

[BlaxOps]

Trash price action so far today.

 

[humminbird]

when it rains it pours

 

[BlaxOps]

Trash price action so far today.

Redeemed. Thank you $QQQ.

 

[bnew]

when it rains it pours

terrible decision, who can they sell it to that'll hold onto it for a decade+?

the site will die and kill a lot of links in the process.

 

[Slim]

 

[choc_cardigan]

Someone always knows

 

[Slim]

Netflix starts the tech earnings season with a bang. Up big AH

 

[Serious]

 

[chineebai]

10 and 30 year bonds making new lows thus the continuation of the feds qe and inflation. Not good for markets. Imagine you’re a fund that brought a few years ago at 1%, now you’re looking to sell way below market due to the rates now.

 

[chineebai]

Remember when Morgan Stanley called Carvana the apex predator of the auto industry lololol

 

[FreshFromATL]

Tesla bout to be a show AH

 

[humminbird]

 

[dora_da_destroyer]

he and kanye...two of the most delusional, tolling, unlikable successful dudes of the modern era