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CNBC Pro Think you can time the markets? Five losing days made up most of the losses this year PUBLISHED WED, DEC 28 20228:54 AM ESTUPDATED 2 HOURS AGO thumbnail Bob Pisani @BOBPISANI

this is very pertinent:

Hypothetical growth of $1,000 invested in the S&P 500 in 1970 through August 2019

Total return $138,908
Minus the best performing day $124,491
Minus the best 5 days $90,171
Minus the best 15 days $52,246
Minus the best 25 days $32,763

Source: Dimensional Funds

These are amazing statistics. Missing just one day — “the best day” — in the last 50 years means you are making more than $14,000 less. That is 10% less money for not being in the market on one day. Miss the best 5 days, and you have 35% less money.

Why is it so difficult to time the market? Because to time the market, you have to get two variables right — not one. You need to know when to buy, and when to sell. The need to get two variables right introduces much more complexity.
 
The US ten year is up 40 basis points in the past two weeks. The Market still saying inflation high and labor intact.

This is definitely hitting the market. Window dressing and tax loss harvesting aside, January may be another rough month for macros in general. If Tesla has ‘epic’ 4Q, SP should be able to hold its ground, especially if the seller finishes up the next two days. May even go up over the medium term. So many wild cards:

Is the whale seller done?
Does Tesla hit its 4Q expectations?
Does the CPI read come in hot or cool?
Does the labor market crash?
Does the FED signal another rate hike allows it to pause for a bit?
Does demand continue hot for BEVs because of IRA?
Does Tesla reveal a suddenly highly profitable energy storage division that is ramping?
Does Tesla finally announce a new GIGA?
Does Tesla announce new products?
Does the 4680 ramp go exponential (Almost)?
Does China come roaring back after COVID wave subsides (seems to be)?
Does the war in Ukraine end?
Does EM stick To tweeting fun and SpaceX?


Do any of these matter at all if the macros have decided to visit 3K on the S and P?

Makes you understand the wisdom of hodling and checking in only once in a while to make sure all is on track, which it all appears to be for now.
 
If that’s true, where do all the old ones end up?

Or do you mean half of all car buyers cumulatively?

I think you meant to say that half the people of a driving age buy a car that is new to them. Pretty much impossible that half the people buy a "new" car.

Was quoting the HH guy who posted.

75 million right wingers equals 30 million sales a year.

Not.
 

BTW, Baird analyst Ben Kallo is the husband of CNBC anchor Melissa Lee.

Tesla Stock Has Sunk This Year. But It's Still a 'Best Idea' for This Analyst in 2023. -- Barrons.com

11:25 am ET December 28, 2022 (Dow Jones)
By Angela Palumbo

Tesla stock has fallen 69% this year. But that hasn't stopped a Baird analyst from recommending shares of the electric-vehicle company as a "Best Idea" in 2023.

On Tuesday, Tesla (ticker: TSLA) dropped to a two-year low. The stock's decline this year can be attributed to quite a few reasons, including production issues in China, demand concerns, rising competition, and of course, Chief Executive Elon Musk's takeover of social media platform Twitter.

Many analysts have noted their near-term concerns for the stock, with Wedbush analyst Dan Ives writing Tuesday that "the reality is that after a Cinderella story demand environment since 2018 Tesla is facing some serious macro and company specific EV competitive headwinds into 2023 that are starting to emerge both in the U.S. and China."

But Ives maintained his Outperform rating on Tesla, as did Baird analyst Ben Kallo, who argues that Tesla has several positive catalysts in the near term that make the stock a "Best Idea" for next year.

"Tesla has numerous projects underway which could contribute to growth over time," Kallo wrote in a research note Wednesday. These projects include the ramping up of production capacity at its factories, new vehicle introductions, and the introduction of an energy generator in the U.K.

"We continue to believe Tesla is best positioned in the auto market as EVs continue to take share of the total market. Additionally, its other opportunities such as Tesla energy will continue to grow in 2023," the Baird analyst added.

But Kallo acknowledged Tesla's near-term headwinds, namely the "potential for weakening of demand," and cut his 12 month price target on the stock to $252 from $316.

Shares of Tesla were rising 0.5% to $109.63 on Wednesday.

Write to Angela Palumbo at [email protected]
 
The US ten year is up 40 basis points in the past two weeks. The Market still saying inflation high and labor intact.

This is definitely hitting the market. Window dressing and tax loss harvesting aside, January may be another rough month for macros in general. If Tesla has ‘epic’ 4Q, SP should be able to hold its ground, especially if the seller finishes up the next two days. May even go up over the medium term. So many wild cards:

Is the whale seller done?
Does Tesla hit its 4Q expectations?
Does the CPI read come in hot or cool?
Does the labor market crash?
Does the FED signal another rate hike allows it to pause for a bit?
Does demand continue hot for BEVs because of IRA?
Does Tesla reveal a suddenly highly profitable energy storage division that is ramping?
Does Tesla finally announce a new GIGA?
Does Tesla announce new products?
Does the 4680 ramp go exponential (Almost)?
Does China come roaring back after COVID wave subsides (seems to be)?
Does the war in Ukraine end?
Does EM stick To tweeting fun and SpaceX?


Do any of these matter at all if the macros have decided to visit 3K on the S and P?

Makes you understand the wisdom of hodling and checking in only once in a while to make sure all is on track, which it all appears to be for now.
checking in only once in a while - Do you realize who your target audience is? :)