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Misc Stock Market

I totally mean this light hearted and jokingly, but it's hilarious that you folk are still looking at charts and TA. Those stopped being useful tools when the money printer went brrrr. There is no rhyme or reason anymore....it's all fear based greed. I've been saying this for a long while now....the financial markets "as we know them" are going away, and we will be entering into a new economic world. I don't know what that will look like, but it won't be this.
 
KyloG said:
That would be a 40% sell off from ATH’s. We would need to see high unemployment, potential financial/banking collapse. Plus, the Fed would never let that happen.

I think the Fed hikes 2 more times and then pauses. 2 50bps hikes.

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We didn't have high unemployment or banking issues in 2018 either. It was just going down until fed jumped in (from what I remember, which is limited). Now we have other headwinds (inflation/global issues) and fed may be limited in what they can do. Probably way more to it, but I wouldn't be shocked if we drop to 3000 by end of year.

Me thinking this probably means bottom is in.
 
Gopack42 said:
I totally mean this light hearted and jokingly, but it's hilarious that you folk are still looking at charts and TA. Those stopped being useful tools when the money printer went brrrr. There is no rhyme or reason anymore....it's all fear based greed. I've been saying this for a long while now....the financial markets "as we know them" are going away, and we will be entering into a new economic world. I don't know what that will look like, but it won't be this.
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Nah, it's not. You're probably watching too many YouTube videos.
 
Broken024 said:
We didn't have high unemployment or banking issues in 2018 either. It was just going down until fed jumped in (from what I remember, which is limited). Now we have other headwinds (inflation/global issues) and fed may be limited in what they can do. Probably way more to it, but I wouldn't be shocked if we drop to 3000 by end of year.

Me thinking this probably means bottom is in.
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The problem is that the fed did step in instead of letting them fail, which should have been allowed to happen. The problem is the fed (private central banks) in general.
 
Broken024 said:
We didn't have high unemployment or banking issues in 2018 either. It was just going down until fed jumped in (from what I remember, which is limited). Now we have other headwinds (inflation/global issues) and fed may be limited in what they can do. Probably way more to it, but I wouldn't be shocked if we drop to 3000 by end of year.

Me thinking this probably means bottom is in.
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In 2018 S&P sold off 20% and Q’s 23%. Q’s just hit 30% today which equals the covid crash. If Fed keeps hiking until end of the year and QT is still on full throttle than $300 could be in play. But, it’s mid terms…Biden can’t have the SPX off 40%, the dems would get rocked.
 
KyloG said:
In 2018 S&P sold off 20% and Q’s 23%. Q’s just hit 30% today which equals the covid crash. If Fed keeps hiking until end of the year and QT is still on full throttle than $300 could be in play. But, it’s mid terms…Biden can’t have the SPX off 40%, the dems would get rocked.
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Yea who knows what happens. You're probably right though, they will walk back on some of the hikes and it'll jump up some.
 
Gopack42 said:
The scam is Blackrock and Citadel attacking it to sell BTC, short UST/LUNA and then buy BTC back significantly lower than they sold it for.
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That’s the inherent problem with all of crypto. It provides no value. If it was a short attack then it shows just how fragile the crypto ecosystem is. You can’t short Tesla or Apple into dust…companies that have solid earnings.

99% of the people invested in crypto still don’t understand what happened to Luna. Very scary…
 
Gopack42 said:
I totally mean this light hearted and jokingly, but it's hilarious that you folk are still looking at charts and TA. Those stopped being useful tools when the money printer went brrrr. There is no rhyme or reason anymore....it's all fear based greed. I've been saying this for a long while now....the financial markets "as we know them" are going away, and we will be entering into a new economic world. I don't know what that will look like, but it won't be this.
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The markets will return to normal when the Fed stops supporting them for good, unless we have a complete global collapse and reset of the financial system. People forget what valuation means and what bear markets, which are normal by historical standards, look like. We've been conditioned to think that markets always go up. The corollary to that is that we have forgotten that we can go through years of anemic returns and erroneously assume risk is minimal.
 
The problem is the stock market is a scam anyway. What do you own? You’re buying a digital pink slip saying you own a piece of something that you really don’t. People sink money into this machine for the entirety of their lives then hand it off to the next guy when they retire. Then the hope is that person who was handed sh** can then hand said piece of sh** to the next ---- or Jane when they retire and ride off into the sunset with a nest egg. It’s a load of crap. Just drop the bid to zero on every stock tomorrow and the money vanishes.
 
Jimmy Hypocracy said:
The problem is the stock market is a scam anyway. What do you own? You’re buying a digital pink slip saying you own a piece of something that you really don’t. People sink money into this machine for the entirety of their lives then hand it off to the next guy when they retire. Then the hope is that person who was handed sh** can then hand said piece of sh** to the next ---- or Jane when they retire and ride off into the sunset with a nest egg. It’s a load of crap. Just drop the bid to zero on every stock tomorrow and the money vanishes.
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The bid doesn't drop to zero though. It does happen to shitcoins and shitcompanies.

Unless society collapses. And then you're ------ if you invested or not.
 
Broken024 said:
The bid doesn't drop to zero though. It does happen to shitcoins and shitcompanies.

Unless society collapses. And then you're ------ if you invested or not.
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Agreed. These companies like the apples and the Amazons are worth more than many of the countries in the world. If they go down completely then there's nothing left anyway.
 
Jimmy Hypocracy said:
The problem is the stock market is a scam anyway. What do you own? You’re buying a digital pink slip saying you own a piece of something that you really don’t. People sink money into this machine for the entirety of their lives then hand it off to the next guy when they retire. Then the hope is that person who was handed sh** can then hand said piece of sh** to the next ---- or Jane when they retire and ride off into the sunset with a nest egg. It’s a load of crap. Just drop the bid to zero on every stock tomorrow and the money vanishes.
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That crosses my mind all the time. By ourselves we don’t make a difference, but rather the public in masse invests in quality companies that delivers quality products/earnings. It’s way of accountability for these companies.

Crypto has none of that.
 
Last time the Q’s weekly RSI was below 30 and this far displaced from the 50wema was at the bottom of the financial crisis. Our entire economy almost collapsed back then…we have nothing like that this go around. Momentum cuts both ways these days.

8CB29F15-39E3-4CF9-98A4-0F34CF862DEC.png
 
150ema bounce. Maybe we are headed for a 15-16 where we trade sideways for a couple years.

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KyloG said:
Last time the Q’s weekly RSI was below 30 and this far displaced from the 50wema was at the bottom of the financial crisis. Our entire economy almost collapsed back then…we have nothing like that this go around. Momentum cuts both ways these days.

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Can you expand that same chart back through 1970?
 
Rain Cold said:
Can you expand that same chart back through 1970?
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Here is NDQ...didn't start I guess until mid 80's.

Nasdaq went from 2000 to 2017 without making a new ATH. So yeah, it's been up quite a bit since 2009 but it just made a new ATH a few years ago.

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KyloG said:
Taking AMD and Apple home tonight. ?‍♂️

We going to get a greeny one day…maybe…I think ?
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Closed both of these...I am not getting caught again if they rug pull this. I was down nicely this week and now up nicely. If we don't get a dip to buy today than I am just watching.

Apple from $139.50 to $145.20
AMD from $84.70 to $89.20
 
The crypto folks have such conviction...they just violently buy. COIN up 70% from it's lows a couple of days ago.

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Looking to add back Apple and AMD at $143 and $87.50 respectively.

Screen Shot 2022-05-13 at 8.53.07 AM.pngScreen Shot 2022-05-13 at 8.52.37 AM.png
 
I don't remember why in 1990 what was going on but in 2001 we had so many tech start ups that failed and spending evaporated.

 
Unloaded my SPXL in the 79’s. Decent little trade. Still feels like a sell the rip type of environment.
 
$330 on the Q's is going to take some macro event to get over...whenever that may be. Russia/UK deal over, inflation way off highs, Fed pivot from hikes/QT....something along those lines. But, Q's could rally to $330...

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