There is no such job....waiters get below min wage. Do you really think they would pay a dishwasher 20 bucks? Not even in San San Francisco

Ok. You guys are right. The business owners in my area are all lying to me. No worries.

Thanks for setting me straight.

On more important fronts, it's an fugly chart for the last week or so, but I promise it's a head fake again. In 2 weeks time we'll be back at those previous levels. I'm not talking tech...tech is done for now, not going to be back for a while but the SP 500 will bounce back. Just don't panic and hold on.

Here in Missouri in the St Louis metro area, with a comparable cost of living to Iowa, there are jobs aplenty all hiring with a healthy premium to historic wages.

What hasn't been mentioned is the impact this is having on the end customer. Poor service experience due to understaffing is hurting the customer experience as well. Hard to say how these higher unemployment benefits will impact the markets, but it will be a drag on businesses hiring now and through the summer months.

I tend to agree with him, but I have no way to prove or disprove such a thing so I can only take it at its face value. I'm not calling you a liar, simply stating that I don't see the same things. The reason I keep pointing that out is I live in a poor area. I am surrounded by low income/welfare/lower middle class earners. I won't get into the reasons, because, frankly I am well off, but I interact with these people and businesses and overall it isn't any worse than before 2020, aside from that some businesses never opened back up.

This is why I'm open to maybe I'm wrong. It could simply be area. It doesn't change my mind regarding people sounding petty when they are wishing for the benefits to end so that those lazy bums can be taken advantage of in the workplace where they belong.

Again, that hasn't changed around here. That's always been an issue.

It's $16.69 here, that's our minimum wage. I would bet when restaurants open up to full capacity again in 3 months they will be paying $20 an hour trying to fill those jobs. The thing is, the only way you can live on that wage in the city is if you live in a house full of people splitting rent. So the people working in the back of house in most restaurants are hispanic folks living in multigenerational households or commuting from outside the city where there is cheaper housing.

Sold some Apple and all of Amazon (dead money for a year). Bought BAC and PYPL. Like both at these levels.

Good timing on PYPL, it's doing well today. I'm overall down on the shares I bought in March, but I have a feeling that will change soon.

Again, just my opinion, but you guys buying growth right now should hold off, I think you are way to early. Just look at all the recent opportunity and find where the money is going.

https://www.barchart.com/etfs-funds/performance/percent-change/advances?timeFrame=1m
https://www.barchart.com/etfs-funds/performance/percent-change/advances?timeFrame=3m

Such a strange day. Was down 3% and ended up green for the day.

Yeah, crap...just crap. No conviction to sell or buy. The next couple of weeks is going to be like this

Day was not too bad for me. Ended a whole lot better than it started. Now, I just need a few more days like this in a row to recoup from last week's shelling.

PATH was strong today!

2021-05-11t17-46-05 (resized).png

All those commodity stocks that are going bonkers right now had terrible returns over 1 and 3 years. They've just exploded recently, but I'd be worried you are buying them at their peaks and they are going to crash back down to reality. The time to buy them was 6 months ago... do you think they can still keep climbing for 6 more months?

I'm mostly avoiding growth stocks as well, but the strategy in buying them now or soon is to pick them up when they are done crashing and ride them back up. A stock like Paypal definitely will go back up, especially with it's moves into crypto and all those new transaction fees there.

did you buy the dip or just watch? I just watched.

I'm only buying short term with tight limits - playing what is hot. I gave up on long term right now. Seems to be working so far, covered the losses on growth I had bought at the top and then some.

Bought Bank of America and PayPal today. Was not paying attention to dips. .

Absolutely agree. My guy presented Square and PayPal to me today when we caught up. This is exactly what tipped the scales for me. I know a lot of your crypto guys don’t like PayPal for a variety of valid reasons but it is so easy to buy through there.

I wonder how Ebay's new payment system will impact Paypal. Of course, the larger question is why did they even splinter it off in the first place...

2 of my top 10 positions!

I’m a spectator for now as well.

With all the news about crypto today and so many people just buying it for the first time, the easy entry points like Paypal, Robinhood and Coinbase will all get a lot of business. 50% of fewer of the people want to figure out how to transfer bitcoin from Coinbase into Kraken or Binance, it's just too many steps and kindsa confusing (and a little scary) the first time you do it. Paypal feels alot safer to newbies. They double their money in a few months with Ethereum, sell it, and Paypal rakes 1.8% or more of the total withraw.

I would have bought a bunch of square down around $205 if I would have seen it. It likes to use that price point as a low and rebound.

Hitif doing 15-1 rs may 14.

Psth:

ackman speech paraphrase “I am super excited for the deal I haven’t sealed yet. It’s complicated”

Then the stock pops nearly 10% before pulling back a bit.

Hopium is strong!

Just locked in all my gains and one loss - went to about 95% cash for now. 10 year treasury is spiking again.

Figures, I just sold mine 2 days ago. In the short term I'm pulling cash out and putting more of it in crypto, which is where I'm finding the most profit in the last couple months.

Pfizer still chugging along though!

It's all fugly right now, I've "lost" a ton over the last 2 weeks, but am still up massively on my initial deposit last March. Hate to see the red, but looking at the positive side I still have gains.

I’m bleeding even in my safe stocks. BA, WFC, XOM, MRO, SLB, MSFT, NXPI, all down big

Still cheap buy back in.

I don’t like the 15-1 though, bit much imo.

Not sure what to do with mine yet, should go up a bit in next few weeks but once listed then what? Lots of profit taking and stock drops right away?

Weeks like this are exactly why I invest and do not trade

At

Just wondering at what point to buy on that dip?
I guess the re-opening play is over.

Is this good or bad?

You said not too long ago you weren’t selling Apple. What made you change your mind?

Both maybe. Should be a run up next few weeks but once it lists could drop.

If it was going to be only a couple bucks might seem more attractive but at 7.50 maybe not so much.

Guess we will soon see.

Now!! If you have the cash, I spent all of mine today. I wish I had more raised...but it's a good time...go in a little at a time..this week and average your entry

A reverse split isn't good, but the uplist is. I bought pretty close to where it is now, I would sell any significant spike up. Right now it's cheap so I can wait comfortably for that.

I am all green today, have very little in cash, just been purposely avoiding the trouble spots all year. What's happening now isn't catching me off guard.

Im picking up high yeild div stocks.
Bxmt taking a beating past few days.
DX, putting my toe in the water there.
No div, but watching Amazon, i have orders in at the 3000/3050/3100 levels.
Watching my golden goose closely, LMT and RTX, might bail.
BA, approaching my entry point.
Im cheap, i watch 400 some stocks, looking for best times to invest.
I hated covid, but man, I would do the last year over of i could.
Are time machines on sale anywhere?

depends on the stock

Why is a reverse split not good?
Doesn't change the value at all and there are legitimate reasons for it

While that is true, the history of how the stock market reacts to reverse splits, even those done for an uplisting, hasn't been favorable. It is a company by company thing and yes sometimes it does work out fine for investors.

Every gaming stock down big time.
To many to list.
Mgm and DraftKings

sell offs like these tend to be like a black hole and suck everything down

So after today’s beatdown, you cats expect a rally tomorrow? Good time to buy? I see Tesla went down pretty good but maybe tech stocks are gonna be sad for a while now?

I’m investing more in crypto atm. Market has been having more shit days than good days for a good while now and it looks like it could get worse. Sold all my Boring AF Apple, Pltr, MAC, Pins, and only kept my miners and a few stocks that only need a couple of months to be considered long term.

I dumped my MAC this morning , had a sell call at $14, Whew-dodged a small bullet there. Now closing at $13.
For the past year thanks to iceman I did good on the MAC, buying and selling several times.

Saw an opportunity to buy something I liked better at this point at time. It was a small portion of my position for me.