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Misc Stock Market
- Thread starter ForsythSnow
- Start date
D
Deleted member 609
Guest
This is stupid
buckinbronco
Member
I mean if Powell thinks the economy is so strong and that recession is unlikely, then why not raise rates higher to get further ahead of inflation? The "strong" economy can handle it right? I think we know the answer...
Storm5
Member
Omgd my lottos are printing
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Sent from my iPhone using Tapatalk
Couldn’t resist. Bought UVXY 17.5 Friday calls at the bell
Im out of the market...No sense in playing a game that's designed to make you lose. This is a serious question. I have a small Roth IRA...a little less than $4500 (started it and didn't mess with it for years). Does anyone know a place to put it into gold/silver/precious metals as an IRA? Everywhere I've looked says you need at least $5K or so
D
Deleted member 609
Guest
Up 0.38% on a 2-3% market day ?
You only lose if you sit in cash or try to short. The market is the symbol of economic health. Nothing else matters. At all. They will let it correct a little, but they will always rapidly bring it back. I wouldn't be surprised to see the S&P a thousand points higher by the end of the year.
GeorgiaGirl
Member
Up close to 1.5% in the account I protest-bought SARK today because of my long term holds.
Will be just sitting on it at least for now, because sadly, based off recent history since December, I kind of expect a -2% Nasdaq day tomorrow and for ARKK to get blasted to kingdom come. General deal has been that it does great on a day where Powell speaks, and then that day goes away almost immediately.
Edit: I don't expect an up day tomorrow, but I would kind of say it needs to happen, because I felt the Dow needed a 34k+ close+follow through for us to possibly move to at least maybe 35k on this index, 4500 on the S&P, and 14200ish on the Nasdaq.
Will be just sitting on it at least for now, because sadly, based off recent history since December, I kind of expect a -2% Nasdaq day tomorrow and for ARKK to get blasted to kingdom come. General deal has been that it does great on a day where Powell speaks, and then that day goes away almost immediately.
Edit: I don't expect an up day tomorrow, but I would kind of say it needs to happen, because I felt the Dow needed a 34k+ close+follow through for us to possibly move to at least maybe 35k on this index, 4500 on the S&P, and 14200ish on the Nasdaq.
I would leave it in a S&P 500 ETF/fund and forget about it. Assuming you have 15-20 years time horizon.
Storm5
Member
I bought YANG calls before the bell
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Sent from my iPhone using Tapatalk
Time for UPRO/TQQQ, eh? ?
Storm5
Member
Seems like a good move with todays unreal move to the positive. There’s gotta be a snapback, right? Then again, I’m afraid to touch Chinese stocks. $BABA, a company with a market cap in the hundreds of billions, went up 36% today. Like how does that even happen??? In ONE day???
D
Deleted member 609
Guest
My Roth is at all time high and I haven't put money in yet this way. Not sure how I managed that.
Storm5
Member
Big tech still
Pushing
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Pushing
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pcbjr
Member
Whatever old school conventional wisdom says, it seems like in these days and times, go just the opposite direction ...
Should be a fun backtest when it comes
D
Deleted member 609
Guest
Down $900 on the $3,200 spy put I bought Monday (September expiration). I'm going to diamond hand that ----- though. No way this ---- doesn't drop significantly again.
BABA up a cool 37% today ?
D
Deleted member 609
Guest
Up 37% after dropping 75% from ATH ?
buckinbronco
Member
Yeah I'm just about at the point where I'm gonna dump my 2022 IRA contributions in VOO and take my ball home. It seems obvious we should correct further, but I am ready to concede I'm not smart enough to find the bottom. Boring long term investing just is so vanilla and leaves you wanting more though lol.
D
Deleted member 609
Guest
Just double down every loss until you win or lose everything.
buckinbronco
Member
This seems reasonable, I’m back in. Thanks for the pep talk.
VegasEagle
Member
D
Deleted member 609
Guest
That's what I'm here for. Just remember, first bankruptcy is free - Jimmy covers it.
severestorm
Member
S&P Global Leveraged Loan Index
severestorm
Member
Never thought I would see this
Going to see a lot more of stuff like this as the financial system collapses.
If you are long term bearish does the Q’s have a date with the 150wema. Would make sense…if Fed hikes rates to 3% and they unwind there almost $10T balance sheet.
Short term I think we rally but long term…?
Short term I think we rally but long term…?
Yes, but the real driving force behind this is the election clock ticking closer to go time.
There are much larger forces at play in the market than the "put it in an index fund and let it ride" days. I acknowledge that the market slopes in a positive direction when you zoom out....but this is not a "normal" circumstance. The private central banks are failing (thankfully), and our current financial system will fail. As it should. It's so corrupt, it needs to. We will have a new system once the dust settles. I'm going to precious metals during this transition. Silver should be over 50x what it is now (at least). Gold is suppressed too. This is going to change. I'm just trying to have a 30000 foot view of the reality of our financial system. When you do that, it looks like it's dying....and deservedly so.
Perfect example of what I'm referring to in my post above in the thread in the link. They make the rules as they go so they are protected when it sucks and get rich when it doesn't.