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Misc Stock Market

Just a mess…market is a hot mess

Need VIX spike to 40 for capitulation, this is a slow death.

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Took a gamble an loaded up on UCO other day at a few nickles north of $28.00 per share. Best move Ive made in a long time investing wise. Trick now is knowing how long to hold on. Usually where reality for my amateur self comes back into play.
 
NCSNOW said:
Took a gamble an loaded up on UCO other day at a few nickles north of $28.00 per share. Best move Ive made in a long time investing wise. Trick now is knowing how long to hold on. Usually where reality for my amateur self comes back into play.
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Well, here are some of the major drivers:

1) The global economy is slowing
2) Western countries are becoming more hostile to fossil fuels
3) SPR is being drawn down but that is limited. It will need to be replenished
4) Saudis are going to pump less oil

Seems to be a net positive for oil prices over the longer term.
 
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You all are a lot smarter than me, but I'd be interested in best guess at bottom. I'm a blue water guy, aka you can't beat the market so I'm pegged once in against the S&P. ~2600 in February, 2200 in June, or are we beyond that level of flux. A lot of people made money including myself with a cash out on 1/4/2022, how do I navigate a bottom is what I am asking.

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WeatherNC said:
You all are a lot smarter than me, but I'd be interested in best guess at bottom. I'm a blue water guy, aka you can't beat the market so I'm pegged once in against the S&P. ~2600 in February, 2200 in June, or are we beyond that level of flux. A lot of people made money including myself with a cash out on 1/4/2022, how do I navigate a bottom is what I am asking.

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It will be hard to see a bottom before a Fed pivot, IMO. Once we see that, then we'll probably be at or near the low. But so far, they are clearly not considering stopping rate hikes and/or reversing course.
 
Rain Cold said:
It will be hard to see a bottom before a Fed pivot, IMO. Once we see that, then we'll probably be at or near the low. But so far, they are clearly not considering stopping rate hikes and/or reversing course.
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Q1 or early Q2, somewhere around 4.75%, 5 worst case. Got it.
 
WeatherNC said:
You all are a lot smarter than me, but I'd be interested in best guess at bottom. I'm a blue water guy, aka you can't beat the market so I'm pegged once in against the S&P. ~2600 in February, 2200 in June, or are we beyond that level of flux. A lot of people made money including myself with a cash out on 1/4/2022, how do I navigate a bottom is what I am asking.

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3150
 
Bitcoin turning around just in time for the big rally tomorrow.
 
One trade today...Tesla at $219 and I was out at $225. That $215-$220 area going to get really choppy. Probably not going to do much else today.

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