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Quoted from robgo777:Our Family has been a Dave Ramsey follower for close to 15 years now. We only invest in Mutual Funds and paid for Real Estate. We spread our mutual funds evenly over Growth (Large Cap), Growth and Income (Mid Cap), Aggressive Growth (Small Cap), and International.
If you want to learn more, visit:
www.daveramsey.com
Thanks for the tip Dave!
Quoted from Trekkie1978:Bye...good luck everyone. I’m out of here.
I made it clear that I’m not dealing with losers.
You’ll be missed. By someone I’m sure.
Quoted from Trekkie1978:This market is so incredibly oversold.
Fact: Lower oil means higher profits for all companies (except oil companies).
Fact: Lower interest rates, means lower borrowing costs for everyone. I saw earlier, that Bank of America stopped taking on new mortgage refinancing applications because they are so overwhelmed.
Fact: The press has gone to town in creating a coronavirus hysteria. I had a doctor appointment this morning and my doctor said seeing the press flat out lie about coronavirus made him sick to his stomach. He said it isn't the measles, where it just rapidly spreads. He said this virus is actually difficult to spread, because it can only enter your body through the eyes, nose or mouth and only through bodily fluids. He also went on to say that the virus dies within minutes of exiting the body.
So of all the experts and doctors in the world...YOUR doctor is the ultimate source of truth? Get over yourself brother. And you might want to find a new doctor.
Quoted from cottonm4:It was not all that long ago, the press was talking up how the U.S. was now the world's largest producer oil due to the bonanza brought on by oil fracking. The U.S. is/was exporting lots of oil. This action was helping keep a lid on crude prices and giving OPECs headaches.
In one fell swoop, Saudia Arabia just showed the world who is boss. All SA has to do is turn on the tap for easy pickings.
With prices at these levels, the heavily indebted oil companies can't make a buck. There goes North Dakota. There goes Midland-Odessa Texas---again.
Drilling will stop. Fracking will stop. Jobs galore can disappear real fast. Drilling rigs, drilling mud. Drill bits. Trucks will be made idle. Idle trucks do not wear out tires. Idle trucks do not suffer mechanical breakdowns so mechanics will be looking for work. It is a long list.
You don't even want to talk about the travel industry. Those companies are getting hammered.
This action is not going to correct overnight.
If fracking stops maybe there’s a silver lining after all.
Quoted from Methos:I'm sure the 1.7 million people who are employed due to fracking don't share your opinion.
The other 300M in the country seeing the destruction of natural resources and the environment don’t agree. I don’t think short term jobs outweigh the future of the land and people that want to live on it. There’s a lot of options in this world to make money. Figure it out.
Quoted from Happy81724:I don’t blame him. This was one of my favorite threads but it turned into another drama filled pinside thread because of a couple of folks. I hope it gets back to the normal stock chat
Yeah, just normal stock chat in a world that’s totally shutting down and where markets are cratering. So much DRAMA!
Deal with it.
Quoted from Happy81724:Yep, the sky is falling better let everyone know on pinside.
The whole world is dealing with this. The sky is falling on countries. Pinside is my casual relief. Maybe you should start paying attention to the the real - non pinball - world.
Quoted from DBLM:This comment did not age well
Nonsense.
Quoted from DBLM:Stock market spiked 1200 points during the speech to close at a 1985 point gain. No nonsense here.
Moderation warning prohibit a reasonable response.
Quoted from Mike_J:Well, when you rely on The Atlantic for your news.......
Quoted from DBLM:I did not make any political statements at all. Cotton said the market would not spike during the speech, it spiked 1200 points during the speech, the end. Unlike some of the other threads, we have focused on the market in here, not politics, etc.
I did, in fact, misinterpret the flow of the conversation and the logic of your post. My mistake.
Quoted from DBLM:No worries, brother. All good.
Peace.
Quoted from iceman44:That's the excuse some are using Tom for being wrong. No, the models included "social distancing" in them originally.
There aren't any do-overs or excuses for "extreme social distancing" now. Models were flat out WRONG and scientists admit to it all the time!
“Models are good, they help us to make projections. But as you get data in, you modify your model,” said Anthony S. Fauci, director of the National Institute of Allergy and Infectious Diseases.
And no accountability for being wrong either. But hey, you are correct, we will be much better prepared next time!
These predictions or lack thereof are having a huge impact on the market swings. Make no mistake, "economic models" are often way off and wrong as well.
The bottom line is that the markets are reacting to the gold standard Dr. Fauci acknowledging the fact that "as you get data in, you modify your model".
Logically, as positive data is coming in, the models are being revised downward, quickly, with respect to the death toll and that lends itself to a quicker and safer re-launch of the economy, thus a market swing to the positive.
There’s no fool proof model dude. But you seem to be believing whatever one backs your point. Good luck with that.
https://fivethirtyeight.com/features/why-its-so-freaking-hard-to-make-a-good-covid-19-model/
Quoted from iceman44:And btw, that's the actual COST of saving 60,000 people. Not to be crass or insensitive.
Probably tens of thousands more than that in the country. Hell, maybe that many just in NY. What do you think would have happened without shutting down NYC?
Crass? 
Quoted from Methos:Many people were saying it was going to be 1.3-2 million Americans. Even the Feds said 230,000 dead in months.
That’s an exaggeration. 230k was at the very top of the scale in a model, not a crystal ball. Even the reduced models have 130k at the top of the scale. And that’s with intense social distancing. Which we’re simply not seeing in enough places.
Fact is, no one really knows, and about 1,000 people a day are dying in NY right now. And for the foreseeable future. This isn’t going away anytime soon.
UPDATE: 300k could have been reached....
Coronavirus Live Updates: U.S. Projects Summer Spike In Infections if Stay at Home Orders are Lifted
https://www.nytimes.com/2020/04/10/us/coronavirus-updates-usa.html?referringSource=articleShare
New federal projections show a spike in infections if shelter in place orders are lifted at 30 days.
Stay-at-home orders, school closures and social distancing greatly reduce infections of the coronavirus, but lifting those restrictions after just 30 days will lead to a dramatic infection spike this summer and death tolls that would rival doing nothing, government projections indicate.
The projections obtained by The New York Times come from the departments of Homeland Security and Health and Human Services and are dated April 9. The documents contain no dates for when shelter in places orders were delivered nor do they contain specific dates for when spikes would hit. The risk they show of easing shelter-in-place orders currently in effect in most of the United States undercut recent statements by President Trump that the United States could be ready to reopen “very, very soon.”
If the demand for ventilators is considered a stand-in for serious Covid-19 infection rates, then the model foresees a modest bump immediately when the stay-at-home orders are lifted and a major new spike in infections about 100 days after a shelter in place is ordered, peaking 150 days after the initial order.
For most states that implemented stay-at-home orders in late March, including New York City, Massachusetts and Illinois, that spike would come in mid to late summer.
The government’s conclusions are sobering. Without any mitigation, such as school closings, shelter-in-place orders, telework and socially distancing, the death toll from coronavirus could have reached 300,000. But if the administration lifts the 30-day stay-at-home orders, the death total is estimated to reach 200,000, even if schools remain closed until summer, 25 percent of the country continues to work from home and some social distancing continues.
If nothing was done, infection rates would top out at 195 million Americans, and 965,000 people would require hospitalization in an intensive care unit, according to the projections’ “best guess.” But with a 30-day shelter in place and other measures, infections would still reach 160 million and 740,000 would need intensive care.
Quoted from kpg:Exactly.
My buddy is a huge fan of the current President and for the past year all I have heard is his rants about socialism, hand outs, bailouts and debt from the previous Prez...
Now he's a fan of it apparently.
I asked him if him and his wife will be ripping up their socialism checks when they arrive lol... nope
Hypocrites.
Quoted from thedarkknight77:Stop this nonsense talk! Nothing matters, no charts, no logic, no earnings, no nothing! The federal government and a few key market markers are behind this inflated bubble. They are using our tax dollars to create the biggest wealth gap in history. This is all you need to know. At some point our stupid govt. started to believe it was their job to keep the market going up, no matter how over priced it is. You know why I hate Republicans and Democrats because at the end of the day they are the exact same. Obama made more billionaires with his QE run and Trump will do the same. This is our money they giving out like candy.
Create? We’re long past create.
Quoted from iceman44:It reopens the economy brother Cotton!
And yes, you haven’t seen round 4 yet
As for inflation, if and when that happens the Fed will be there to suck up excess liquidity, they will at some point anyhow.
At that point, is when you’ll see a re pricing of assets and a market decline to really get excited about. Will make the 4th quarter of 2018 look like peanuts
The fed and fiscal stimulus have put a floor under this market in the short term, primarily the Fed, and any day to day action should just be bouncing around a tighter range
Unless, the shutdowns linger which is doubtful, the protesting has only just begun, people have had it
You must be drowning in Kool Aid by now. When do you stop parroting the company line on genuine economic and market realities? Oh, never, right.
Quoted from iceman44:Something to ponder for down the road.
As economies build up massive debt on top of debt due to the virus the only way out will be to inflate their way out.
Paying back all that debt in dollars or currency that is worth a lot less than when originally borrowed. Bad for lenders
Like musical chairs, Global currency devaluations are coming down the road like a pandemic
the “virus only”? Haha. Snake oil salesmen are gonna get raked. Good luck Ice.
Quoted from iceman44:Thinking out loud here.
Smells like a fart to me.
But yeah “filling it up” seems to be an indication of poor market timing. That decision didn’t age well at all, now did it?
Quoted from Baiter:Considering the latest trend amongst Millennials is to create and invest in conscientious companies, I'd have to think what Amazon has been doing by being one of the few companies in the world proactively trying to address the coronovirus crisis (rather than try to react to it to stay alive), that will play out well in the long run. It is inconvenient to get what we want in 2 weeks rather than 2 days, but it makes sense in this situation. At the other end of this Amazon will have massively beefed up their distribution capabilities to address their backlogs, and it will make it that much easier for them to no longer need to outsource parts of that distribution chain and that will help out their bottom line. That could be 2022 though.
Amazon conscientious? No. And if your theory is true - and I hope it is - maybe the opposite will happen. Amazon is convenient, it is not good or even a necessarily a good thing. But probably a good investment, because when have ethics or morality ever mattered in the stock market?
You mean creating a larger wealth gap. The largest wealth gap in history already exists in this county and has for years. A good decade or more.
Crisis like this just make it more pronounced. Because it takes money to make money. It’s not rocket science to abstract the rest.
If the market gets back into mid 24s I’ll probably take some money out, just so I can invest it when the market inevitably spirals. I’ll take an 8% hit now, but like I said, it takes money to make money, and if you can’t take advantage of the big drop than you’re not really even in the game. And trust me, it is a game.
Quoted from Pdxmonkey:Biggest percent movers today were:
Spirit airlines up 24%
Avis up 24%
Trip advisor up 21%
Eldorado resorts up 20%
Moderna up 20%
Hertz up 19%
Six Flags up 19%
Norwegian Cruises up 18%
Doesn’t seem sustainable. How many of you all are planning on taking vacations this summer? Getting on planes, renting cars and staying in hotels? Answer the question this way: you have to book and pay now, and refund potential is unclear.
Quoted from cottonm4:As the stock market barrels on, people's rents are coming due.
https://www.cnn.com/2020/05/20/success/rent-housing-crisis-coronavirus-covid-19/index.html
"The couple have about 30 tenants, and "half of them are either laid off or furloughed or in some state of employment limbo," he said. "How long can it last? I have no idea what to expect."
"If rental income isn't coming in for landlords, Schuetz explained, they can't pay their mortgages. But it's not just that. They also won't be able to afford the property taxes that fund local governments, including things like public health programs."
The coronavirus has "just drawn attention to problems that existed already," Schuetz said. "But hopefully this will also make middle-income voters a little more conscious that we all suffer when we have people who are unhoused or unstably housed."
Don’t fight the Fed! Until the Fed is totally fucked. And that’s getting close.
Quoted from DadofTwins:Massive sell off at end of session today?
Huh? The session was down around 100 all day and finished down 8.
Quoted from iceman44:The Fed pumping trillions of dollars into "the market" causes assets to re-price. "Don't fight the fed" as they say. Happens every time. The enormity of the dollars is unprecedented. S&P is at 23 p/e right now and it's meaningless.
FORWARD looking 2021 earnings are being priced in at 18x according to Fundstrat. That's meaningful and relatively cheap given current conditions.
Given where interest rates are, monetary policy is and fiscal stimulus 20x is "fair value" for the broad market based on 2022 predictions of $200 to $220 per share and certainly not a ridiculous number. That puts the S&P 500 at 4,000 in a year. Food for thought.
Investors are anticipating that the 2nd quarter is going to be the trough and the 3rd quarter will post some of the biggest numbers in history due to the restart.
This rally is going to continue because of all of the above, with bumps in the road. Fear and panic is subsiding despite media attempts to keep it alive, the world is re-opening and there WILL be a vaccine and therapeutics. And the "second wave" is another fear tactic that will NOT shut down the economy if it were to happen to any degree.
Another prelude today of what's coming with Novavax positive trial info this time.
"Bottoms up" individual stock investing is my preferred method and NOT index or "market" investing.
See above statement again.
The "S&P 500 market" is a tale of many different markets. Why would i buy the whole market? I'd have to own Netflix AND AMC theatres, airlines and other industries i don't want to own. Or short it? Want to get trampled by TTD, SHOP, AAPL, AMZN and other "new economy" stocks etc?
Growth and momentum was in the back seat and flat today. My preference under the current political, tax, monetary and fiscal environment. P/e's will always seem high, and deservedly so in some cases.
We will look back on this time 6 months from now and say, how did i miss out on CCL at $14 per share, up 12.5% today, DIS when it's back at $150 per share. Hilton, Marriott, BKNG etc. etc. etc. Some of these stocks have already had massive rebounds and some will have longer recoveries but the excellent businesses will get to the Destination if they can survive the journey and it will be at much higher prices.
The VIX is at 28, it hit 85 in March. Not going back there.
The funny thing is, "the market" is not worried about China yet! If there were no pandemic for the media to bang 24/7 then i suspect we'd see the VIX pop on China trade and cold war fears.
Plus, "the market" is pricing in virtually ZERO election risk right now and making the calculus that independents and more moderate blue's will be able to discern the differences going on right now with Red versus Blue re-openings. That a BIG part of the calculus right now subject to shifting.
Anyhow, that's my take at the moment.
I'll be looking to rebalance a portion of the portfolio from growth/momentum to "in the ditch" very soon.
Can't wait until the positive news happens and gets confirmed in July, August and September, too late then to catch the coming tsunami.
Lotta happy talk here, which overlooks the fact that a lot of businesses won’t re-open and a lot of jobs aren’t coming back. Now, if my business depended on the stock market going up up up for my clients, I’d pump sunshine too. But your predictions are basically predicated on the massive Fed stimulus, which didn’t help consumers and workers as much as rich people and large corporations. Somethings gotta give dude.
Like many others here, I’m sure, I’ll be investing all the way down.
Businesses plant must buy and sell to each other. They need people to buy their shit. This is going to become a huge problem. Renters are already getting threatened with eviction from their dwellings. People with no jobs, no savings and no home aren’t exactly going to fuel a September rally.
Hell, I’d love for Ice to be right. But as usual, I think he’s full of shit.
Quoted from Mike_J:Had you listened to Ice at the end of March, you could have made a lot of money.
if I had the disposable income I might have invested a bit more when the market went under $20k. But other than my normal monthly contributions to our various accounts and my 401k, I didn’t do anything extra. I did in fact consider pulling some out at various points between then and now, because I do think the market will go down and I would like some extra cash to buy as it does. Thankfully my advisor talked me out of cashing in.
My work should generate some timely extra income this summer and I’ll be positioned to dollar cost average during the market decline that I expect.
I don’t tend to try and time the market, but I do sometimes. My congratulations to any of normal folks that managed to make some dough recently. You might consider pulling it out. And if you are planning to, what’s your target and what are your triggers?
Quoted from usandthem:You can always make money if you happened to listen to the correct half of the peanut gallery. Just as many so-called experts said it was going down as there were who said it was going up. But I understand how it goes... the winners get to write the history.
Exactly. Ice pops in when it suits him and disappears when the market isn’t going his way. Hopefully he’s a very good money manager, and can give us all great advice during the inevitable decline. I’m told that’s when financial advisors earn their commissions. But I imagine he’ll disappear for that.
Quoted from LukyDuck:Savings accounts = little to no interest
CD’s = little to no interest
Money market funds = little to no interest
Bonds = little to no interest
When the only place an average saver can make money is stocks or riskier investments, I think the financial system is broken. This has a big potential for the stock market to become a bubble.
Retirees have only stocks to keep their money growing. The average person is not getting any kind of return for their savings. How are consumers going to restart the economy when they most have no savings and are now more in debt or behind on their bills? This is not a good situation for the economy overall.
What IF the Fed goes negative on the interest rates? Everything then gets worse.
I think in the future, the stock market may end up having wilder more unpredictable swings in both directions. Up and down.
Yes, this “greatest economy in history” propaganda is just that. It’s aalready proven to be a house of cards that serves the rich - and penalize the rest - more in crisis than in normal times!
Quoted from DBLM:For me, it is a case by case basis based upon the investment. Some things are a trade. I am up 21% on Century Casinos, and will see where it goes. I put in a trailing stop, so I will exit either when I see fit or when it hits a threshold. On the other hand, I am up 14.5% on Raytheon Technologies. My broker asked if I wanted to cash in and the answer is no. I think that they are incredibly well positioned as a defense contractor and view them as a longer term hold.
I personally do not like this market because I think the fundamentals are out of whack. With that being said, you have to be very diligent and follow it closely, because conditions change. The days of set it and forget it are over and will burn you. You have to be active, and especially at higher investment levels. I was ridiculed by the peanut galley for when I pulled out and guess what? I got in at a much better price point and have made money the way back up. I still have roughly 45-50% on the sidelines and will deploy as the right opportunities arise.
At the end of the day, determine your risk tolerance and goals, lay out your strategy to meet your goals, and execute. If something is not working, make changes. This market is not necessarily running away from people so with some exceptions, you don't have to make a purchase at a certain time.
I tend to agree that buy and hold (set and forget) isn’t a slam dunk these days. I also agree that you need to pay attention, and I’m not good at that day to day. I don’t think I could ever day trade, so I need to buy and sell stocks that should behave “normally” in traditional market trends (based on economic indicators). That seems like folly now.
What are the tax implications for short term trading these days? How much gain do you need to justify a trade so that taxes don’t negate the gains?
Quoted from loneacer:The DOW is still up 7500 points and the S&P up 900 points from the March lows and people are freaking out about a couple of down days. The Fed doesn't need to step in and do anything extra right now. If it drops 50% from here, then they'll probably start buying S&P ETFs, but we're a long way from there. Keep some dry powder and buy good stocks at discounts.
And down 4,500 points since February. This is a market for day traders. If you got out high, good for you, if you didn’t, it’s gonna be a long ride.
Quoted from Concretehardt:The Fed has shot a good portion of its wad unless they want to go to negative rates which is ridiculous IMHO.
The Fed has little left to offer. But I won’t fight them, lol.
And the govt. bailed out millionaires and billionaires instead of putting more money into the consumer’s pocket. And cases are spiking in places that reopened. I’m not sure I see anything different from early March with the exception that NY doesn’t have 1,000 people dying a day anymore. It’s the rest of the country’s turn.
Quoted from Concretehardt:Wow DIS is getting hammered down over 7%
So I read that Disney is planning the opening of Orlando and Anaheim theme parks in mid July. That will be something to watch, since Covid cases are surging in both states. I just don’t see the immediate investment incentive (on the dips) unless you’re in it for the long haul. I mean, if they can’t open in July, or they do and no one shows up, the stock is going to get hammered.
And again, who’s getting on an airplane?
Quoted from iceman44:Why did the market bounce back today on a Friday? Lol
For day traders MAC was up 7%
Just a matter of time.
Can’t escape the positive reopenings despite the media and biased talking heads on CNBC
Boom boom
Use some common sense
CCL +15%?
The “positive reopenings” in states with surging cases? I won’t be subscribing to your newsletter.
Quoted from Frax:Right? My wife bought a few shares of Norwegian, and won't stop holding it over my head lol. Which, if she was going to buy one, that would've been the right one, as from what I've seen their cash reserves situation looks much better than the others, but still....I've never been on a cruise, she's never been on a cruise, and there's no way in hell either of us are going to be anytime in the forseeable future.... All travel stock bets are now just a hedge that people really ARE *that* stupid......so more likely than not it'll pay off as long as they don't go under before the stupid becomes overwhelmingly in their favor.
And about 5 weeks ago there were articles all over the place about their potential folding. Must be the “fake news” media, or a brilliant play by those Schwifty Norwegians! Cruise ships are the future! Invest all your “dry powder” on cruise ships and Disney. And Malls!
Lol! 
Quoted from TireFryer426:If you are in the US - Uphold is really good for crypto. I've used coinbase and kraken as well, and moved over to uphold.
Updog also seems very safe and reliable.
Quoted from TRAMD:I think where you live makes a huge difference. In South Dakota, where we have had very little in the way of government mandates, life has been changed to a small degree. Many people are wearing masks in stores like Wal-Mart and offices (many are not), but they and restaurants are still busy; we have sporting events, malls, and movie theaters still open. We just had an indoor stock show in town a couple weeks that was packed full of people and an indoor rodeo that was also packed. The Sturgis Motorcycle Rally went by with no appreciable increase in cases. That is why so many people are moving to SD, FL, and TX where they can live without this "new normal" BS. I think most people are wanting things to go back to the way they were prior to March 2020 but unfortunately far too many people are irrationally scared and falsely believe that the mostly ineffective lockdowns, masking, and social distancing is the right thing to do. I can only hope that as more people discover the truth of what a massive overreaction this all was that it will go back to being weird when you ARE wearing a mask at Wal-Mart, as it should be. I don't need to go to the theater because I have a much nicer one in my basement, but I have continued to go to grocery stores, department stores, home improvement stores, sporting goods stores, book stores, electronics stores, etc during this entire past year and I want to continue to do so. And I know I am not alone because there are a whole bunch of other people there every time I do. I didn't really go to sport events or concerts before but I could see how they could be affected more, just like movies. With as good as streaming has become along with the insanely cheap, huge TVs you can now buy, theaters might very well be in trouble without some massive innovation to elevate the theater going experience.
I hope not. I am a physician and will find a new path if I have to wear a stupid mask for the rest of my career.
Dude, the Covid statistics for SD were literally the worst in the world across the board for a good stretch not too long ago. And Sturgis was disaster. For the entire country. Thanks for nothing Sturgis.
Quoted from DadofTwins:I like Carnival. Made a bunch off of it over the last 11 months and sold off all my shares yesterday on the upswing. Kind of regretted it today due to the increase again, but felt better after the announcement and the stock pulled back. As long as they can hold on until sailings resume, I think they will be ok. There is gonna be a TON of demand imo, and probably not enough cruises to satisfy customer demand.
Just listened to an interview by their CEO. I could probably listen to that dude read the phone book. Great voice. Seemed very steady and was resolute that they’ll bounce back. My parents are big time cruisers and while I haven’t discussed it with them, I figure they’ll be back at it once considered safe.
Quoted from BMore-Pinball:I am an investor, not a trader so I disagree - bad job report during normal times would mean companies are not hiring due to stagnant or declining business
The business is there, the demand for jobs is there - people willing to fill them is not
You’re right. There are a lot of shitty jobs out there. Corporate America might have to start trying harder.
Quoted from Deaconblooze:Well that's a gross generalization of 72m Americans..
I guess I fall into the Millenial category. I'm 36. I graduated with a BBA in 2009, one of the worst job market in recent history.
Anyway... I learned really early that the absolute best thing I could do for myself was manage my finances in a way that allowed me to exist on basically any income as soon as possible. I paid off my student loans and squirreled away as much cash as I could from wages/bonuses as I watched competent colleagues get canned around me. I got to a point where my future was financially secure, and I left for a more stable and less stressful gig that paid less than half of what I had been making (albeit with much better benefits).
My current plan is to retire at 55, but it doesn't necessarily mean I will. I'll continue to work in some capacity as long as I enjoy what I'm doing and I feel I'm being valued in my position.
I think I'm part of the most financially-aware generation since 'the greatest generation'. There's a huge wealth gap, and employees are increasingly expendable. We have a finite amount of time on this planet, and I've come to realize that I don't want to spend more of it than I need to lining someone else's pockets. I want to spend as much time as I can with my family and friends, and be financially independent. If that means I need to forego the newest car or a JJP super-secret-CE, I'm totally fine with that.
So yes, I want to work, but I don't want to ever be chained to a desk living paycheck to paycheck. And I think that's typical of the generation. No one I know is leaving their jobs while they're in debt without any savings. I do know plenty of people that have rejected archaic office environments and have made a conscious effort to live below their means. I don't see anything wrong with that, and I think successful businesses will find ways to create more flexible work arrangements.
this. This. THIS.
I’m sure a bunch of absurdly over-compensated C-suite executives would be applauding too, if they didn’t have to drop their money to do it.
Look at the market! Companies could make things better. But they don’t.
Quoted from DBLM:The discussion about Millennials, FIRE, etc. etc is fascinating to me because it is so out of the frame of my mindset. I am by no means judging, but it is just eyeopening to see what motivates different people. I sincerely appreciate the folks sharing their experiences, and in that same spirit, will share mine. Consider it a different opinion. It is by no means right or wrong.
I am soon to be 44 and grew up hard, so that always frames my mindset. When I was finishing up college (poor kid on an academic full ride), I set some financial goals of where I wanted to be at certain ages. I did not set non-financial goals, which in hindsight, was a lack of maturity and being myopic. The good news is that I blew through my goals fairly early and then the oh-shit moment happened: What do I do next? This is actually a fairly scary moment in your life (at least it was for me) and it took me a while to get oriented. To make a long, personal epic short, my wife and I decided that we wanted more in life. Some people will misconstrue this as material in nature, but it was about having a more fulfilling life based upon our interests. We also wanted it now, in the prime of our life, as opposed to our late 60's. I wanted to set the foundation for multi-generational wealth so that my daughter's kids would not have to worry about school. This meant working even harder and taking calculated risks. Who knows what the future holds, but I know that I am doing everything possible to tip the odds even further in my favor.
As a Generation X'er, in the 90's you always heard about people selling out to the Man. Nobody wanted to be a sellout. Of course, as you get older, your perceptions change. To borrow a catchphrase from Seth Rollins, I didn't sell out; I bought in.
I see people talk about saving more, but very rarely talking about making more. This always intrigues me. My thought is as opposed to relying upon only spending a certain percentage of savings, I am going to focus on stacking it deep and piling it high. I think this is what also motivates me to be a student of the markets and to put in the effort that I do: to make that money work harder for me. I think asymmetrically, which is a military concept that is beginning to permeate some areas of business. Some interesting areas of reading there if you are interested.
Now this does not mean it is all roses for me. I will probably work longer (was going to anyway because I love what I do), and it puts more pressure on me to perform. I have learned through a lot of trial and error to separate work time from family time, but I am always on. Use whatever trite analogy that you like about golden handcuffs, gilded cages, etc that you like, but to live the lifestyle that I want and at the level that I want, I have to keep working. My profession tends to make high performers mercenary in nature, which means that I will switch jobs every few years. In the last 6 years I traded suits for jeans and sports coats for most meetings, and in non Covid times my office is my Jeep, Seat 10C, or my home office. I haven't had an official office in 10 years, but my home office is better equipped than most office spaces. Days start early and can end whenever. I have flexibility in my schedule but when things pop up, I have to be there. But in my analysis, the juice is worth the squeeze for my family and me. Everybody has to make that decision for themselves.
In the sales and performance coaching arenas, people often use the clip from the movie "Glengarry Glen Ross" as a litmus test of sorts. I am including it below. It is very NSFW from a language perspective, so consider that. The setup: people are selling timeshares and not having a lot of success. The main office sends in their top performer to give a pep talk. There have been a lot of academic and analytical papers written about this scene and how people react to it. Broadly, people fit into two categories after watching it: they are motivated beyond everything to go take the hill or they are shocked and appalled. Curious to people's reactions, particularly younger folks that probably have not seen the movie.
Again, thank you for indulging me. I wish everybody continued success.
Is the idea that the GGR scene motivates people to “take the hill” because some people feel that the end justifies the means? That’s an excuse some rich people make to justify bad behavior. In my opinion, of course. You can “make” and “produce” just fine without throwing a C note in the middle of the floor and firing whoever doesn’t grab it first. In fact, I’d argue that you can do it far more effectively in ways that benefit more people more equitably. But that’s another topic.
Now, where to put my freaking cash? I’ve been about 25% out of the market for 8 months and naturally feel I missed out some good gains. But I also suspect this is not the time to get back in. I’ll probably feel that way watching the next 20% increase in the market. Inertia sucks.
Quoted from KornFreak28:WKHS, CLOV, BLNK, and TTCF are good swing trades with high short interest. Can’t wait for the opening bell to grab a few calls!
To buy or sell?
Quoted from MrBally:I'd strongly consider getting out of Portland now that the entire riot squad just resigned.
Just in time for the new Federal "juneteenth" holiday...
I’m sure there are plenty of people just itching to join the riot squad.
Quoted from iceman44:No brainer.
“Delta variant all bark no bite” based on Tom Lee analysis. No one has done more in depth Covid work since day one that I’ve seen.
Of course common sense, if you have any, dictates just that.
But do your own research.
Don’t mind if I do. For anyone that wants an opinion other than Tom Lee’s, I found this from Yale Med: https://www.yalemedicine.org/news/5-things-to-know-delta-variant-covid
TLDR: Tom Lee is uninformed.
And I’m misinformed, because I bought OIH a while back. Not too much, and in a non-taxable account, so I guess I’ll hold for now.
Quoted from robertmee:When you own a pool, you don't let glass near it.
Ummm, than how do you smoke crack by the pool? Hmmm?
Quoted from Roostking:Coolio. Btw I looked up vax rates for southern American countries. Its not pretty, hovering around 50-60%. It would be amazing if somehow all the people hitting the border were part of that group!!
And the US is at 56%. How pretty is that?
Quoted from tacshose:This thread is going the way most Pinside threads go, to shit. First crypto now just off topic infighting implosion. Hey iceman44 send me the link to the new discussion group once it’s setup.
Anyone here heard of the Oxford Club? It’s an investment newsletter produced by a investment company of sorts. Multiple people with different ideas and approaches to markets and investing.
Quoted from BMore-Pinball:I Read a bunch of newsletters but not heard of that one
Quoted from nwpinball:Amen. I love Ice's advice and insight on investing and I've learned and grown from it, but it also meant tolerating and trying to ignore the politics and superiority complex he threaded in with it. But when dude sent me personal messages whining about Antifa and telling me Seattle is terrible just because of where I lived, I was like WTF, where did this come from? I come to this thread to share tips and get advice about making money, it's nice to have places where people can set politics aside... but some people are too entrenched in their extremes and just can't, and they also can't handle when people call them on it.
Let's go back to all making money together!
Most rich people couldn’t keep it real if their money depended on it. PM’ing about Seattle sucking is clueless. Ice should cruise his own town sometime. He thinks the Pearl and the River Walk are the reel San Antonio. Lol.
A friend of mine has been trading gold stocks for decades, many of them penny stocks. He’s done real well with them too. I’ve taken a stab at a few of them over the years and managed to make more than I lost.
Last Friday he learned that a stock he owns - his average purchase price is around $0.30 per share - has new owners and is buying everyone out for $23 a share. He owns 15,000 shares.
Nice and tidy $340k profit! Wow.
Quoted from BMore-Pinball:Actually the other way around, constellation approached coke due to the popularity of their beverages
So I take it you were joking about investing in ZVIA?
I bought Boeing, Baba and Disney on their lows and am hoping for the best. They’re all up a smidge.
I bought PINS a second time to lower my cost average. Hope you’re right Icey.
Some very decent performers for me have been Avis, Crocs and Under Armour, although UA gave most of it back and Crocs has dipped from their high.
AMD has done very well for me and Ive added some nVidia of late, as they’ve dipped.
I’ve lost my ass on Fivrr. Should I cut and run, or might this recover one day?
Quoted from pinheadpierre:Haven’t checked in with this thread for awhile. Quite the impressive cat fight. (Why do I always imagine iceman44 is yelling, even when he’s not blatantly arguing??)
I get it that politics influences the market - duh. What I don’t get is how fully some folks like Ice swallow a partisan pill so fully without choking. So much nonsense. Each political party has its own b.s. I just gotta point out that someone as red as Ice probably shouldn’t attack Biden for “mishandling” Covid. Has Biden done a great job changing the trajectory of Covid? You could make lots of arguments in both directions there. Ultimately, there’s too much viral momentum and genuine social division to effect much change in the pandemic with political tools. At least he hasn’t denied that Covid is real, pretended that it was a politically motivated “hoax”, recommended injecting bleach, discouraged wearing masks, flip flopped on vaccines, etc. WTF!?! The time to handle this was two years ago BEFORE the virus fully entrenched itself throughout our society.
Those of us with money can almost always make more than plenty of money. In unusual times when that’s not feasible, there’s plenty of cash in reserve. When you cross a certain cash threshold, it becomes a fairly simple self-sustaining growth engine. It’s nothing worth swinging your dick around about. No need for the political or economic landscape to conform to your personal preferences in order to be more than financially comfortable. Red or blue in any given office, there’s money to be made in the market somewhere.
Quoted from BMore-Pinball:My apologies if you followed me on this one - going to be a few quarters before PYPL gets back to where it should be
For a long term play - IRA - would buying now to average out be wise?
Also, to everyone, is FIVRR just going to 0? Or his there any hope for this pig?
Upstart is all over the place. One firm downgraded them. Any thoughts here?
I also liked the Draft Kings CEO’s recent comment - “you’ll regret selling!” - and I’m staying long, despite being down considerably. Comments?
Quoted from NicoVolta:Tip: If you’d like to use inflation to your advantage and lock up a maximum $10,000 (or $20,000 for couples) for a guaranteed 6.5% APR over 11 months (sell April 1, 2023)… then visit treasurydirect.gov to load up on I-bonds before the end of April.
Another bonus: Free from state income tax.
Extra bonus: If you hold them until July 1, 2023… you’ll earn 7.2% APR for those 14 months.
(note these figures should have the 3-month interest penalty already factored in, so this is pretty much the actual amount you will earn)
Hmmm, an alternative to the 5-7-5?
Quoted from kvan99:There is light at the end of this tunnel, consumer spending (for some strange reason) is still strong, labor market is still tight, earnings are not groundbreaking but still decent. Also this quarter is always the worst quarter of the year...historically, the market moves back up in June-July period. We're in a bear market but that doesn't mean everything will keep going down, not with the consumer still being strong. So look at making moves in May to come out of the doldrums.
I also heard that marketing and ad budgets haven’t tanked. Fact is, the economy is pretty damn strong. There are world events that frankly are out of everyone’s control that are seriously impacting a variety of things, but all things considered, the economy is robust.
Mortgage rates are a little over 5%, which is about what they were 22 years ago when I bought my first house. Gas prices are about the same now as when the sub prime mortgage crisis tanked the economy.
People need to put on their fucking big boy pants and accept that we live in a big world where shit happens. Crisis management is the rule of the day, and we’re managing pretty well IMO.
My portfolio is a bloodbath. BA, PayPal, Upstsrt, Draft Kings, Chewy, NVDA, AMD, Under Armour, Okta, Fort, all massacred. Even SAP and Moderna have been gutted. But nothing like Fivrr and pins. Ouch.
Gotta figure some of these are cheap enough to pick up more, but who knows.
Im intrigued by Upstart. How says the group here?
Also, a day trader friend of my wife’s recommended Mannkind (MNKD) and LABU. Mannkind is waiting on an FDA approval that could make the stock pop this month. He’s a trader but his reco is buy and hold.
I mean. Hell, he couldn’t be any more wrong than Icey lately.
The Goldbugs and anti-fed geniuses have been calling for the end of the world for 20 years. I’m still on the other side of that.
Quoted from TheFamilyArcade:Im intrigued by Upstart. How says the group here?
Also, a day trader friend of my wife’s recommended Mannkind (MNKD) and LABU. Mannkind is waiting on an FDA approval that could make the stock pop this month. He’s a trader but his reco is buy and hold.
I mean. Hell, he couldn’t be any more wrong than Icey lately.
MNKD up 10% today. LABU up 16%.
To me crypto is like “so fetch” in Mean Girls. People are trying so hard to make it happen, but it’s not going to. And why should it? NY Times had great article on a Bitcoin research project today.
TK/DR: Meet the new boss, same as the old boss. And bottom line, if it ain’t anonymous, why bother?
How do we like today? Dead cat bounce before more decline? Or a sign of optimism? Lotta chatter out there that inflation is over blown and already trending down. Earnings are somewhat decent. Lotsa a money out there, especially on the sidelines.
Quoted from PinStalker:I think part of what people are not taking into consideration is this is right before a major election. They are going to do everything they can to goose it.
Can they pull it off? Or will it fall apart because they can't do anything right? Can the global economy stay quiet that long?
Either way, it falls apart before the election or right after it.... as they'll have no reason to deceive after that point.
Kiss 2023 (at least) goodbye. Recovery sometime in 2024 or later (IMO). I think the down will be fast, hot and heavy: probably lasting a year or longer.
The lows following 2008 have to be retested. Highs are retested, lows are retested, it's just how everything works. We got out of post 2008 with Fed Crack, it was unnatural. Therefore we have to go back and finish the job. It will undo an entire generation, but it will happen.
Cramer will be screaming about "Getting back to even" all over again.
The true buying opportunity of our lifetime is coming, if you manage to have dry powder during it. Credit will be non-existent for the average joe, so almost all will not be able to participate and end up poorer than they ever could imagine. A heartbreaking time for most, and a dream come true for others.
Say hello to insane taxes afterward no matter what. Public assistance will be off the charts.
129DF531-E51C-4F06-B9F3-822ADEEF4B74 (resized).pngThese energy ETFs are all over the place lately, but still solidly up for me overall. Thanks Ice. These offset some of your other recos . And most of my choices as well.
OKTA finally looking like it might get out of the shitter. Boy I hope so. Could FIVR be far behind
? (answer: yes).
I mentioned LABU (biotech ETF) and MNKD (biotech company) about a month back, based on a friends’s reco (trust fund day trader in his mid 50’s now). Up 89% and 51% respectively. Some bright spots in the carnage of my 2022 IRA trading account.
Quoted from iceman44:Long term TFA.
Apple the unicorn.
XBI too. Speaking of Biotech.
Growth is rocking. Rug pull coming.
Oil back to $115 min this fall. Listen to the Saudis today and “don’t fight the Fed”.
DVN had a great earnings report, and it’s down 8% since. The other energy ETFs are similarly down. What’s your strike price to buy more?
Quoted from TheFamilyArcade:I mentioned LABU (biotech ETF) and MNKD (biotech company) about a month back, based on a friends’s reco (trust fund day trader in his mid 50’s now). Up 89% and 51% respectively. Some bright spots in the carnage of my 2022 IRA trading account.
Holy shit LABU up another 12% today. Any experts on biotech out there?
Quoted from nwpinball:Nice work, I don't know that area at all.
Just took a flyer on a friend’s reco with money I could afford to lose. It’s been fun to watch. Up 100% in about 6 weeks.
Quoted from kool1:I stay away from that sector. Too difficult to understand.
Thinking of taking the profits, or at least cashing out my investment. Wouid love to let it run if I understood the sector and fundamentals.
A lot of stuff beaten back down. Question ultimately is, spread investment around upside tech…or just buy more Apple?
Quoted from taylor34:No, they’re not. They are a small piece of the pie that will never amount to anything because of math (at least at their current efficiency). I thought like you did, that solar and wind were going to change things, but when you look into it more the amount of material needed for batteries plus the fact that they’re less dense energy sources makes it completely infeasible for it to ever be a main energy source barring some sort of huge breakthrough. Just like it’s not possible to charge all the cars in America via electric, not possible with the current grid.
Nuclear is the only realistic option currently for clean energy. Everything else is just fantasy unfortunately due to the amount of materials needed and space (and time). I think solar at some point could be viable via rooftops but it’s just not there yet.
The problem with the green energy stuff isn’t the idea, it’s the moving there too fast without continuing the existing energy source investment. Solar may be the answer 30 years from now, but if you don’t invest in existing energy before then you’re screwed.
Even if you were right - debatable - your argument predisposes stagnant technology advancement. Not gonna happen. And how does technology advance? Investment.
Sun and wind and hydro are always here and forever. Technology advances. This is the future. Maybe not the present, but the future.
Quoted from kool1:If I was a betting man I say we get a rally post fed announcement. Set up is all there.
I don't make those bets though. Buy oil on the dip.
Oil companies? Like Exxon, etc?
Quoted from nwpinball:I heard an interesting story on solar and India on NPR today. India has been trying to move towards producing it's own solar panels and completely cutting China out of the loop. They mostly have, but still rely on China for one element, but now the government is subsidizing India's largest companies to make that component so they can produce solar panels cheap within their own country with it's resources and massively expand their solar grid. They were estimating in 10 years India's main source of power will be solar and they are on the path to becoming energy independent without alot of fossil fuel resources, they are putting a lot of money and resources into getting there because in the long run it will save them so much money. No one wants to be beholden to China and Opec anymore and every country is striving to find it's own energy independence, which can't happen through fossil fuels for most countries. I think this change over may happen in our lifetimes and may be a game changer for developing economies as well as the US on the path to energy independence.
Research and advancement in alternative energy and renewables is strategic, as otherwise we risk falling way behind and be at a global disadvantage.
Quoted from pinnyheadhead:If you want a shot at a higher growth stock MELI “could” work. Good growth prospects. Charts look good. Outside US in case dollar trends down as decade goes along. Many currencies have been trending bearish downward against the dollar over the last decade. If a slight pivot starts to kick in emerging markets could perform well rest of decade. I am “slowly” adding emerging markets the past quarter as a long term hold.
Now emerging markets are so new to me I am still learning about them so no expert by any means, so would welcome any comments regarding them for or against. Thanks.
I appreciate it. I’m mostly trying to decide which of my beat up stocks to buy more of to improve dollar cost average. Lotta dogs: Draft Kings, Disney, Upstart, Carnival, PayPal, MAC and PINS.
Mannkind - MNKD - continues to do very well for me. Their CEO is speaking at a big JPMC conference this week which is supposedly a good sign. Big Pharma evidently shorts them like crazy to try and suppress their valuation and capitulate to a low ball buyout. MNKD has only increased in value. I’m having fun with it.
OIH at $330. I’ve seen it this high before, and watched it go down to 290. Maybe even 270. And then all the way back up.
Are people trading these energy stocks, or just holding them? I always fail at timing the market, but I wonder if taking profits might be a good idea here?
Quoted from pinnyheadhead:I have been been accumulating metals and minors back half of last year after I sold them all off last March of 2022. GLD is trying to break out now. Miners GDX etf NEM GOLD will likely follow along with SLV.
I was looking at a safer set up to go more aggressively but may not get it. Next couple of weeks will tell the story.
All FYI.
[quoted image]
Check out Exploits Discovery (NFLDF) and let me know what you think. My father in law has done quite well with gold stocks over the years, and subscribes to many gold newsletters. This is his latest fascination.
Quoted from DropGems:Markets super toppy. Look for blow off top then sell off in a matter of weeks.
Based on what? Bad earnings, some other measure, or just “the sky is falling”?
Quoted from iceman44:Apple has SIGNIFICANTLY outperformed the rest of big cap tech over the past trailing 1 yr.
If it does happen to dip again, you know what to do.
I also picked up some Google today, the worst of the big 3 that reported yesterday.
The advertising cycle is cyclical and Google has gotten religion on “efficiency” and cost performance.
Apple, MSFT and Google for the win over the next 2-3 years. Not months, years.
If you are a Reddit investor, good luck!
Yo what’s up with HAL?
Quoted from iceman44:This really should be more of a Reddit type trading thread anyhow I think…Lol
I’m shorting YOLO and long HODL!
Quoted from iceman44:I think Google is sweating the popularity and is releasing its own version and challenge to search. MSFT rallied back primarily because of this despite slowing cloud spend across the industry.
It’s pretty damn cool.
Hard to bet against any of the giants!
I’ve heard people say that AI will be the source of the next gold rush style, explosive market boom. I can’t wrap my head around it yet, but I hope it’s true. Rising tide, etc.
Quoted from iceman44:Interesting. I would pay for a more developed ChatGPT down the road. Might have to, to compete. So many ways I could use it from legal docs, taxes etc
Version 4 comes out this year. 3.5 was to get a foothold, but it was rushed. 4 is what they’ve been focused on.
Quoted from iceman44:Interesting. I would pay for a more developed ChatGPT down the road. Might have to, to compete. So many ways I could use it from legal docs, taxes etc
Read today about TTE and SHEL being undervalued based on price. Haven’t seen you mention these and wondering your opinion?
Quoted from kool1:Another dip and another buying opportunity. Market got a little ahead of itself in January - reality check.
Not ready to move higher yet but can keep picking away at quality names IMO.
Suggestions appreciated. I’ve taken lots of notes and have a list of stuff you and Ice have mentioned, but a reminder would be great.
Also, I think nwpinball suggested GRN, and I meant to buy in and slept on it. It’s on a fantastic run since early Jan.
Quoted from pinball2020:If you have been following the thread here you know we are "FANG fans". They just posted great earnings today. The price is still relatively low and they pay a dividend. You may want to check them out (do your own due diligence ).
And put something into some of the guaranteed higher rates now for CDs, Treasury Bills etc - I know there is talk about losing value etc but a guaranteed 5% etc is nothing to sneeze at.
Appreciate that. I own some FANG - not enough! It’s gone up around 50% for me. OIH in energy is the only one that’s done better. I suppose I should buy more.
Quoted from kool1:Natural gas got that "1 handle" today that I thought could come. This is one warm winter we are having!
Gas names may be a buy here soon for a trade. I'm sticking with oil as I'm not really a trader.As always - still like energy (mainly oil names), health looks great with a big pullback (UNH). Banks look attractive. Industrials mixed bag but mostly good (ETN, DE).
When you say “trade”, are you buying and selecting a pre-determined gain to then cash out? Or are you riding it as far as possible- watching very closely - and then bailing when it feels right?
My goodness. FVRR has been my biggest failure by far, and it jumped 17% today. Bringing my total loss down to about 50% (oof). I tend to stick things out. Any advice Folks?
Quoted from DropGems:These rangebound directionless markets are great for selling 0dte futures options on the indexes. This is my core strategy and the leveraged return stacking is completely nuts.
I’m sure you know what you’re doing, but I just read an article about how this can be dangerous, and a lot of money can be lost.
Quoted from PhilGreg:So what's the word on energy? The overweight people still overweight?
I'm holding a lot of it based on the discussions here and I haven't seen anything about it in a bit...
Curious about this as well.
My MNKD has a nice 15% bounce today after announcing q1 results. Big Pharma is trying to kill them, shorting like crazy, but they’ve proven resilient. I bought in low 3’s and now in low 4’s (was at 5 not too long ago. Good science here. Hoping they can hold off the raiders.
I also bought a little CCL, to average down some of my loss (not a large holding), hoping to ride what’s going to be the biggest summer in travel and leisure ever.
You doom sayers can keep it up, but the US economy is strong and resilient and there’s never been more mechanisms to prevent total collapse. I remember when my HS civics teacher - over 40 years ago - bemoaned that my age group would never be able to afford a house. Right.
Does energy have legs with summer starting? Ands what if the inflation report is good? Can something like DIS get a boost, or are they just a mediocre investment right now?
Quoted from nwpinball:Tech tech tech! Another great day in the Market.
What are you putting new money into?
OIH is bumping against that 330ish ceiling again. It rarely seems to go higher, but often shrinks back from that only to climb again. I’ve seen it retreat as low as 250 and then climb all the way back up. Have other energy stocks been aping this pattern?
Are you guys taking advantage of these patterns or just holding? Anyone selling now?
And does anyone think it’ll break through 330 and keep climbing?
Quoted from iceman44:HAL, SLB and Baker make up about 40% of the ETF. 26 stocks. Oilfield services should be solid in the 2nd half. The RSI is 73 on OIH right now, that's considered "overbought" short-term.
thx. Good to know. Appreciate it.
Quoted from iceman44:HAL, SLB and Baker make up about 40% of the ETF. 26 stocks. Oilfield services should be solid in the 2nd half. The RSI is 73 on OIH right now, that's considered "overbought" short-term.
Are you still in UPST?
Quoted from PinStalker:I still believe China will make it's move on Taiwan before the next presidential cycle..... it has too much to lose from someone taking office with some guts.
Tech sector will implode overnight, and 2008 values will look lofty. Millions out of a job, retirements evaporated in an instant, supply chain collapses and all those T-bills..... I don't know what happens to those.
If it happens before the next presidential cycle, Washington will blink and the world order will be re-ordered. If it happens afterward - who knows? War?
So yeah, we can have a drop that's faster and steeper than 2008 and the fed will be powerless.... can't print up a new Taiwan.
Notice how we're busy everywhere, and they're not lifting a finger except to provoke issues near disputed territory (their own coast).
Taiwan falls over a holiday weekend, and when people come home on Monday it's all over. My prediction.
People won't see it coming, even though it's clear as day.
Go farther than that, and you see North Korea invade at the same time with massive assistance from their ally, and our fallback chip provider also goes Kaput. That's the end of USA tech supremacy for a minimum of a decade. Can't make replacement fabs here for at least that long.
What would that do to the market? (Serious question) A terrible scenario, but these people aren't our friends nor do they want the status quo to continue.
You’re literally the only one who sees it coming. “Someone with some guts”.
Quoted from o-din:Yes.
It's the dreamers living in some false reality that think everything's just peachy. Or some kind of denial I'd imagine. IMO.
Since you brought it up, what hardships (non health or relationship related) are you currently facing? Economic or otherwise?
Quoted from PinStalker:Deflation is very healthy.
Quoted from jchristian11:Have you purchased anything lately?
I bought a Bond Pro recently.
Or do you mean stock wise? I think my last buy was some DVN, LNG, CDNS and NFLDF (a mining stock that is tanking like hell) about a month ago. I haven’t been too active with my personal trading account of late because I’ve had too many distractions. I’m not very good at stock picking even when I am paying attention. Most of my money is managed. I have an IRA that I trade with, and it’s always my worst performing account.
I come here for the strudel. It’s great!
Yup. The sky is certainly falling. Don’t tell the economy though, because we wouldn’t want to slow it down.
Ya’ll had to make it weird. But hey, the world is going to end at some point, right?
3 mining stocks recommended to me by a family member. 2 silver, 1 gold:
NEWP, BKRRF and CXBMF
This person has been very successful investing in this area over the years, but is the first to admit there’s a lot of losers too.
Quoted from nwpinball:And the Market closes for the holiday on a 3 month high, nice!
Yeah, but will anyone accept all this cash spilling out of my pockets?
Quoted from nwpinball:I'm a total newbie with most charts, with the overbought chart, does that mean people are likely to start selling or the price will start dropping when it hits it's peak? Or anytime during that curve? That trend might be just starting today, while the market is up overall, the big tech companies all seem down.
Did you dump GRN too? Testing 52 week lows, after riding 20% above for the better part of the last 6 months. I may dip a toe.
Quoted from iceman44:[quoted image][quoted image]
You got $10k. No more no less. It’s not crucial money and you want solid upside. No Hail Mary flyers.
Where are you putting it? Why and for how long?
Quoted from nwpinball:What do people think about Rivian? It's dropped another 25% today. They didn't make their production goal of 80,000 vehicles last year and only hit 57,000. But I do see them all the time on the road and they have a new model coming out this year. The EV market seems in freefall, but with the stock at 10% of the level it was at a few years ago, along with ramping up production and a new model, it seems like there is in opportunity there.
The only Rivians I see are owned by richer than god hedge fund dudes in CT. They love them. But they would now, wouldn’t they?
BTW, saw my first Cybertruck in action on Higheay 280 nesr Silicon Valley yesterday (business trip). In the slow lane, lol. What an ugly hunk of metal. I mean, aside from all the other reports (rusting stainless still!?) what the actual fuck? You may as well hang a “dork” sign around your neck.
For what it’s worth, I’d drive a Rivian 10x out of 10 over a Cybertruck. I liked the look of the one I saw in Greenwich, talking to the owner.
Quoted from iceman44:AMZN for the next 2-3 years
Here is a decent summary as to the "why".
https://seekingalpha.com/article/4669458-amazon-stock-q4-earnings-2023-profit-surge-just-beginning
Thanks Ice. Aside from our differences, you’re the man in this thread, not gonna lie. Although Halliburton is a bit disappointing!
What do you make of the Bezos stock sale?
Apple down +2% today and nearly 8% for last 3 (and 6) months. Is this the buying dip?
Also curious about GOOG, which doesn’t seem to be riding the same train the other big tech companies are.
Quoted from kool1:I'd be very careful buying anything right now. Storm clouds look to be forming for a bit of a correction. Mag7 is down to 4. Just wait.
What does “down to 4” mean?
Quoted from kool1:TSLA, AAPL and GOOG have all stalled out in the lest 2-3 months. Only 4 continue to perform well.
CSCO continues to struggle, that's why no one is talking about it. I think the transformation will happen for the company, IBM finally turned things around but a LONG wait. No need to be there yet.
There is no big bubble, stocks are not unreasonably prices in general not even NVDA. Stocks always get oversold and overbought, that's just how the market goes. we are definitely a little overbought now and some stocks more than others. Due for a pause and/or a pullback.
Thank you!
I remember when Apple was $17/share. Literally. Not split, just $17.
My thing with nVidia is when is a dip a dip? I bought in around $230 and thought I can’t buy at $500 because it’s doubled in 6 months. Then it basically doubled again, with me on the sidelines.
I’m a failure at timing the market, and never know if the knife is falling, or we’re in good buying opportunity.
My son - who’s 18 - recommended nVidia to me years ago, because he’s a gamer and they make the best graphics cards. Wish I’d listened.
Now with the AI angle, there’s a lot more to it.
There here for awhile IMO.
Quoted from Astropin:Great question. Make of this what you will. I posted this in the "crypto / Bitcoin" thread:
I'm generally not a "chart" guy and definitely not a "TA" guy as it applies to Bitcoin. However, having a science background I do find this one fascinating. Please...if you're unfamiliar with "power laws" refrain from commenting...until you are.
https://charts.bitbo.io/long-term-power-law/#:~:text=Bitcoin%20Long%20Term%20Power%20Law%20Explained&text=These%20resistance%20and%20support%20bands,between%20bitcoin's%20price%20and%20time.Giovanni Santostassi, an Italian Astrophysicist has discovered that Bitcoin is (so far) following a time-based power law. He first proposed this in 2014 but even he admitted there were not near enough data points to make a conclusion. But now, 15 years in, he's convinced there is enough data to take this seriously.
Personally I think if it does break it will break to the upside. But, I am now using this as my base (worst case scenario) the bottom "support line" of the chart.
Breifly what does this chart indicate? That BTC should crack $1M by 2028...however, it will not sustain above $1M until 2037 (bottom section). You can use the first link to move around the chart and see possible highs and lows at different dates.
Also, the price has often broken above it's predicted range after halvings occur, but the price has never broken below the support line...in 15 years.
Id find it hard to take (especially) financial advice from anyone who has shelves that look like that.
$1M? OK, that’s quite a prediction.
IMO, and I’m not predicting this, but if there’s ever some kind of world apocalypse or disintegration of major governments, I hardly think that helps BC. BC value relies on the traditional behaviors - hype, gullibility, greed and FOMO - inherent in established (if not stable) systems.
Of course I wish you all great success and riches, and I understand some of you have already done fabulously.
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