Geez I hope this isn't true. Can you imagine if housing prices fall, stock market rolls over...Fed can't afford either of those to happen. They actually need inflation to stay high so housing prices stay high so people can keep borrowing on there homes to prop up the stock market.
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Misc Stock Market
- Thread starter ForsythSnow
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GeorgiaGirl
Member
Not a fan of the way the VIX has been behaving in the past few sessions.
It's usually up on Mondays because of the weekend effect but even VIX futures are up now I believe (I don't know the direct way of looking at them, but I know UVXY opened lower, which tracks the VIX futures, and had been going higher).
Usually a canary in the coal mine for some volatility in the near future if it and stocks are up.
It's usually up on Mondays because of the weekend effect but even VIX futures are up now I believe (I don't know the direct way of looking at them, but I know UVXY opened lower, which tracks the VIX futures, and had been going higher).
Usually a canary in the coal mine for some volatility in the near future if it and stocks are up.
LickWx
Member
This is getting scary . They ought to hike rates up massively .
They want high inflation.
LickWx
Member
That’s how they afford to pay our debt down . Despite all that they thought it a good idea to pass a trillion dollar package and push for even more . I got a big giant book on stocks checked out from the library . I’m about to figure out what to invest in when it all collapses .
Shoot me a PM when you figure it out! ?
They are in quite a pickle. They don't want higher energy prices nor higher auto prices but they do want high housing prices. They can't afford to have housing fall again, we saw what happened in 08/09. Spending will go down if that occurs and now we are talking recession. This is quite a problem they are in. And they won't raise rates until after the elections next Nov. I am sure Biden is getting assurances from whoever he is going to nominate to take over for Powell. Brainard is the most dovish Fed governor...that isn't a coincidence.
LickWx
Member
They will hurt us more the longer they wait . Stop playing politics and raise it already . Sometimes got to walk through the mud to make things better. Housing is going to fall and it won’t look good when it does .
To be honest, I don't think they're in a pickle at all. They know what they have been doing and what they are doing. They have a mandate to create financial and economic conditions that result in the extraction of wealth from as many as people possible to be transferred to the wealthy elite class as efficiently as possible. And they've executed this to perfection. You could never do that here from a government directive but you can certainly do it via the central bank. They want people to feel the pain. Mission accomplished.
Agreed 100%...either they are complete idiots or they are doing exactly what you stated above.
Markets real heavy after the China Evergrande news...couple that with the inflation reports its getting ugly.
Tech has been trading in this channel for past year+...each time it's touched the top of that channel it's sold off hard to the bottom....we shall see if it bucks the trend this time.
Tech has been trading in this channel for past year+...each time it's touched the top of that channel it's sold off hard to the bottom....we shall see if it bucks the trend this time.
She dumping, boys! Hold on to your 401k’s! She about to get rough!
Maybe but a what, 3% correction from ATHs isn't exactly dumping
If you started investing/trading after 2010 all you know is that markets/stocks only go up and to buy any dip with both hands. Old guys like me (45) lost a lot of money in dotcom crash and financial crisis. That's why these young bucks are kicking our butts in returns, they have no fear and always keep buying buying buying. Experience is a detriment right now...
Bitcoin just waterfalled and dropped almost 10% in a couple of hours and then the young bucks come flying in buying any dip. Taking a break from crypto...it's been a good year and I am getting frustrated. Today hurt.
True, they only see it short term not long term investing (I'm new myself, jumped in last March at bottom after Covid hit) but still I'm an investor and not a day trader. I guess my point was if it's 401K your worried about, take a look at the big picture, it's still doing really good right now.
Yeah, my long term accounts are great....the S&P is up 120% over the past 5 years. We can keep that up will be retired by 60.
VegasEagle
Member
Alcohol
VegasEagle
Member
I am back, pm me
GeorgiaGirl
Member
.
That's another version of the channel that I was thinking about when I saw somebody claim that we have entered a dot.com like bubble rise. I didn't actually reply to them (thought about it though), but I was thinking whoa, slow your roll, NDX has not broken the channel it's been in.
As bad as that inflation reading was, it was either that garbage 30 year bond auction or the Evergrande news that actually set off what happened this afternoon. And the thing is, that Evergrande news might not be truthful. That German site that leaked it is sketchy to me. What is true though is China's real estate market is a mess and they are likely to see an economic slowdown due to it.
And that's well known, so honestly, I'll probably take the side of the bond auction being the trigger.
It sounds as if China is trying to quietly take apart Evergrande and somebody leaked something they shouldn't have btw.
That's another version of the channel that I was thinking about when I saw somebody claim that we have entered a dot.com like bubble rise. I didn't actually reply to them (thought about it though), but I was thinking whoa, slow your roll, NDX has not broken the channel it's been in.
As bad as that inflation reading was, it was either that garbage 30 year bond auction or the Evergrande news that actually set off what happened this afternoon. And the thing is, that Evergrande news might not be truthful. That German site that leaked it is sketchy to me. What is true though is China's real estate market is a mess and they are likely to see an economic slowdown due to it.
And that's well known, so honestly, I'll probably take the side of the bond auction being the trigger.
It sounds as if China is trying to quietly take apart Evergrande and somebody leaked something they shouldn't have btw.
I agree about China/Evergrande. They are going to try and unravel that slowly/quietly. It's a big risk for sure.
IWM is interesting...clear breakout, with volume. A back test of $234-$235 would be bullish still but if it falls back in the channel then that would suck. But, even if it does fall back in I think it does break out again.
I closed out my IWM in the low $240's last week but will jump back in at $235'ish.
I closed out my IWM in the low $240's last week but will jump back in at $235'ish.
Thor
Member
Anybody on RIVN yet? Was letting the IPO play out a bit trying to identify my first entry maybe around mid 90s or so.
Good post. I can relate to getting nuked on a stock or two. That ---- sticks with you. Nearly impossible to shake. Father in law got burnt years ago and hasn’t been the same since either.
VegasEagle
Member
I win!!! Lol more like I wish 
Can you just give me $1,000,000? I'd be happy with that. I don't deserve it, but in case you ever decide to give a random weather board friend some dough, I thought I'd throw my name in the hat. ?
VegasEagle
Member
Nope, you get $10,000,000..... have you seen the prices of things?
Man that's good thinking right there!
Consumer sentiment 10yr low and markets seemed to like it. ?
www.cnbc.com
Workers quit jobs in record numbers as consumer sentiment hits 10-year low
Higher inflation has clouded consumer sentiment. The University of Michigan Consumer Sentiment Index slid to 66.8 for November – the lowest level in 10 years.
[Insert anything here] and the markets seem to like it.Consumer sentiment 10yr low and markets seemed to like it. ?
Workers quit jobs in record numbers as consumer sentiment hits 10-year low
Higher inflation has clouded consumer sentiment. The University of Michigan Consumer Sentiment Index slid to 66.8 for November – the lowest level in 10 years.
D
Deleted member 609
Guest
Markets up on fears of ongoing alien invasions
Mentioned this one on here a few months back as a weather play. It was a dollar when I mentioned it. Woof
Lot of folks pointing to how overextended the weekly charts via the bollinger bands. Past history says this when this happens we get a sharp sell off. So far that hasn't happened.
These are amazing numbers. Wake Co median sales price for Oct was $415k. ?
www.wraltechwire.com
$400K and climbing: Median home prices reach new records in Wake, Triangle | WRAL TechWire
In the Triangle, the onset of autumn did not result in a slowing real estate market. Instead, throughout the Triangle, the median sale price of real estate is rising, according to two newly released reports tracking October market data.
www.wraltechwire.com
GeorgiaGirl
Member
I think the Russell 2000 is going to test its old ATH, I'm not a fan of the way non-tech (outside of some consumer discretionary) traded yesterday. Tried to rally and got squashed and the squashing is carrying over so far.
I think it'll bounce there, but if not, then I've heard that the bulls have the ball as far as 2310.
I think it'll bounce there, but if not, then I've heard that the bulls have the ball as far as 2310.
GeorgiaGirl
Member
Imagine being bearish and catching a break since the Austrian lockdown news moved things a lot, but you're short on the Nasdaq which has absolutely lost it.
More seriously, I'm not a fan of the way the market has trended since about 2 PM on Tuesday. Possible that tech is just letting other parts of the market rest, but then it's also possible that tech gets sold and you still get more selling from the other parts of the market.
More seriously, I'm not a fan of the way the market has trended since about 2 PM on Tuesday. Possible that tech is just letting other parts of the market rest, but then it's also possible that tech gets sold and you still get more selling from the other parts of the market.