Storm5
Member
QQQs getting smoked
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
There was literally no dip buy today. Going to buy puts. God speed boys.
Brutal. Shame on the mess!
Went with a few spy 416/406 spreads for about $220 eachMarket was totally bidless...that should scare the heck out of a lot of people now. No macro news that is bullish for equities...unless the Fed comes out and says QE is back on.
Get in on the spy puts. 8 minutes left.Sinking AH. No dip buyers.
My kids are eating cat food tonight.
$SQQQ? “Up” over 11% today. ?Tech is on the brink of freefall
Provided I don’t lose my job in such a situation (always the issue with these situations), it could be a good situation for me. Get to finally buy the freaking dip (didn’t start investing until mid-2010s) and buy a home. Foreclosed houses are cheap, too. Just looking on the bright side, LOL.08’ recession on steroids inbound?
Also starting a recession with 0% interest rates…..we’re screwed! ?08’ recession on steroids inbound?
To put things in perspective...in 2018 we had the taper/rate hike tantrum and Fed quickly reversed coursed and cut rates. Q's sold off 23%.
We had the covid crash of 30%.
The macro news is much much worse than 2018....but every time I feel like the market is going to totally free fall we get a 2-3% up day.
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