Better save some for the tax man.Out. Quick $100. Covered my Walmart groceries. ?
Market apparently rattled by Russia News but also by the unscheduled Monday Fed meeting now on the books.
-
Hello, please take a minute to check out our awesome content, contributed by the wonderful members of our community. We hope you'll add your own thoughts and opinions by making a free account!
Misc Stock Market
- Thread starter ForsythSnow
- Start date
Market apparently rattled by Russia News but also by the unscheduled Monday Fed meeting now on the books.
It will someday. If the Fed moves to slow it's purchases and begins tightening rates, why would it continue to rise unabated?
Storm5
Member
Regardless of any potential war emergency fed meeting and the fed minutes being released Wednesday will not cause a multi day rally
Sent from my iPhone using Tapatalk
Storm5
Member
Also PPI is released Tuesday
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
Retail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
Retail money will run out one day, Feds can't prop the market forever, everything that goes up eventually comes back down, I don't have a clue when but one day the fall is gonna be brutalRetail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
They are always the last leg before the crash. Always.Retail has changed everything in the stock market. That’s one thing that could keep this from that type of decline. The retail mob buys every dip…?
Storm5
Member
Big tech was wrecked today apple , Amazon and Tesla all broke support levels at the end of the day . Amazon has a huge gap to fill sub 3k and Tesla's next support is in the pits of hell
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
Storm5
Member
I agree and not just because I'm holding a ---- load of puts . This market is a bloated pig and needs a major pullback before it rips again before midterms . Can't print damn money forever a war while horrible for Ukraine would be healthy for the market in encouraging a huge dump
Sent from my iPhone using Tapatalk
Agree 100%
So when are gas prices gonna come down , with crude that low??
Gonna be a long long time.
Retail can’t prop the broader markets up. No shot. The rotating that has saved the market over the last year is most likely not retail money. We’re just along for the ride.
Yes, when the common man is talking about stocks it’s a sign the top is near. It was as true in 1929 as it is today.
Back in 2000 I was working with a friend of mine at a big tech company. His dad was a president of a bank, and one day he told us this story....he said he was walking into a branch one day and he was talking to this little old lady and she says to him...'I want to buy some Cisco stock"....he asks her...' well do you know what Cisco does"....she responds...'no, but the stock keeps going up'. He's telling us this story and he says to us...the top is probably in. Needless to say he was right. And, suffice it to say my friend and I didn't sell our options and we lost out on a lot of money.
Cisco's chart back in 1999-2001.
To me, Telsa is the poster child for a large cap tech that is extremely overvalued like Cisco was back in 2000. NVDA is another. Cisco's PE ratio peaked at 180 back in 2000...Tesla's PE ratio is 176 as of yesterday.
GeorgiaGirl
Member
That "meeting" by the Fed on Monday is not an emergency meeting to discuss an emergency rate hike. It is a typical meeting in which you can find similar wording for in January, December, and so on I believe.
And yet many have run away with this and turned an "expedited" meeting into an emergency meeting, and it's very possible it was the cause behind what was seen up to 1:30 ET on Friday considering that tech was underperforming.
Anything that happened after was Russian fears.
Photo for proof.
Having said that, 3800-4000 is very likely before the next FOMC meeting even happens. From there, it'll be interesting to see if whether the conventional wisdom of a rate hike taking stocks even lower from there happens and we see an outright market crash, or if not.
This wasn't my thought until the Bullard tape bomb occurred, but it is now.
And yet many have run away with this and turned an "expedited" meeting into an emergency meeting, and it's very possible it was the cause behind what was seen up to 1:30 ET on Friday considering that tech was underperforming.
Anything that happened after was Russian fears.
Photo for proof.
Having said that, 3800-4000 is very likely before the next FOMC meeting even happens. From there, it'll be interesting to see if whether the conventional wisdom of a rate hike taking stocks even lower from there happens and we see an outright market crash, or if not.
This wasn't my thought until the Bullard tape bomb occurred, but it is now.
Everyone looking at the same charts...all can see the head and shoulder pattern in both tech and S&P. It's still tough to imagine SPY dropping all the way down to $400...but a close below $426 opens that possibility. Keep expecting the market to rip higher and push to ATH's as that's all we've seen for several years now.
