Also, people are still shoveling money into their retirement accounts every week so that money has to go somewhere. And since covid started we have had an army of retail traders that aggressively buy every dip, they have zero fear and until that changes it's hard for me to imagine a big 20% correction anytime soon.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Also, people are still shoveling money into their retirement accounts every week so that money has to go somewhere. And since covid started we have had an army of retail traders that aggressively buy every dip, they have zero fear and until that changes it's hard for me to imagine a big 20% correction anytime soon.
$IWM still one of my bigger holdings into Q4. Reclaimed all the moving averages today and been strong, breakout is $230 but that has been rejected many times over past 6 months....but if it can get through then it could get fun.
Broken024
Member
Free money ????
Broken024
Member
Zillow scares me. I don't know how much they are doing this but the amount of money they offered me for my house was insane. That could end badly if housing market drops
Jumped back in MVIS. Set a stop but I think it looks pretty enticing at the moment.
Started ADBE yesterday for first time. It’s valuation is still high even with this big sell off but it’s such a great company. Was hoping for a pullback to the 50wma but so was everyone else it looks like and buyers jumped in.
Weekly chart.
Weekly chart.
Definitely, housing prices have skyrocketed, along with everything else. I had 2 people bang on my door over the summer wanting to buy my house, never seen that before.
JHS
Member
Looks like the debt ceiling deal may be falling apart. They do not yet have 10 Republican votes to pass the deal. 11 days until we default.
It's still baffling to me that our govt is so flippant about just increasing the debt limit....while Biden is trying to push a $3T infrastructure package.
Why even have a limit, it will get increased, Bidens infra. package will get approved eventually, the debt our country will rack up will be never ending. All the while the Fed is pumping trillions and has rates stuck at 0% forever.
Baffling might not be the right word...more like scary.
Accidentally overnighted 300 shares of MVIS. Please God no offering
This kind of behavior is no different than basic criminal behavior or a child's behavior. When you do something that you know is wrong or shady but it benefits you, and you experience no consequences for it, you do it again and again, as long as two things remain in place: 1) It continues to benefit you and 2) You remain consequence-free.It's still baffling to me that our govt is so flippant about just increasing the debt limit....while Biden is trying to push a $3T infrastructure package.
Why even have a limit, it will get increased, Bidens infra. package will get approved eventually, the debt our country will rack up will be never ending. All the while the Fed is pumping trillions and has rates stuck at 0% forever.
Baffling might not be the right word...more like scary.
The outcome of the above leads to more brazen behavior - while you used to sneak and do it, you are more flippant and less cautious, because you are less worried about any negative repercussions.
This is exactly what we're seeing. For well over a decade, there have been no consequences to runaway spending and massive debt accumulation. Central banks have "got it" and MMT provides a psychological safety net.
One day, it will absolutely crash and burn. But you better believe they are going to swing for the fences right up until the very end. When the consequences come, it will be too late...and they will be severe.
By the way, like you noted above, nice gravestone doji to end the day!
Agreed 100%. It's very scary.
You survived, no offering haha. They've only used half the money from the last offering, so should be good for a while, although they just took on additional office space in Redmond and have been ramping up staffing pretty dramatically (33 positions currently posted) so they may run through fairly quick. Sure would love to see a partnership and/or customers real soon
In the past 12 hours the govt has increased our parabolic debt limit, we got poor jobs numbers this morning, the Fed is pumping trillions into the economy and has rates set to 0% because the economy is so fragile. You would think our market would be 20% off ATH's but no....it's just ripping higher this morning. Is it just me or is our markets just a house of cards....it makes no sense. But,, all it does is go higher and a year from now your money would have earned 20%. ?
Broken024
Member
House of cards. I'm pulling out the day before it collapses.In the past 12 hours the govt has increased our parabolic debt limit, we got poor jobs numbers this morning, the Fed is pumping trillions into the economy and has rates set to 0% because the economy is so fragile. You would think our market would be 20% off ATH's but no....it's just ripping higher this morning. Is it just me or is our markets just a house of cards....it makes no sense. But,, all it does is go higher and a year from now your money would have earned 20%. ?