Bought 2 chunks of XOM today $84.78 and $84.53. Rally to Ex-Eff Date,...LFG!
Are you serious? It's one thing for products to be expensive and weigh on the wallet.LMCane said:TecRecAg said:
I see this dive being relatively short-lived. If you look at the monthly S&P, there have been two times (since 1995) that the 8ema went south of the 21.. the dot com bubble and the housing crisis. Even Covid didn't cause it cross. Do we really think inflation is THAT big of a catalyst? I've been saying this for months... job numbers are still great. There are more jobs than people. Until we see job numbers diving and unemployment rising, I'm not worried.
My old man yells at cloud moment is this.. this world moves infinitely faster now than it did 20 years ago. The availability of news and information makes everything happen quicker.. stock moves in both directions are more severe. The only thing comparable to the past is that the market goes up over time. People will panic and sell, sure.. and I know this is a short term trading thread more than it is anything else.
Just my babbling $.02 on a Monday.
why would unemployment be bearish and scare you?
that would release the Fed Reserve from ever having to raise rates- which is bullish for stocks.
amazing- down 16% in one dayryanhnc10 said:
GDRX just got TKO'd
Like you I was annoyed at this conundrum last December when we hit ATH across the board.StonewallAggieDEFENSE said:
I can't understand why we are still at such a high level. Prices are what…still 60% higher that when Trump took over? We have arguably 12-16% real inflation, the most anti- business democrat in office, the worst economy since Carter and yet this stock market continues to be above real value. Someone explain to me why this market isn't 2/3 lower?
LMCane said:amazing- down 16% in one dayryanhnc10 said:
GDRX just got TKO'd
then down 37% after hours!!!
can you imagine losing 53% of your company worth in 10 hours?!?
Charismatic Megafauna said:
Wow a lot of new names in here. They couldn't all be Barnes, could they?
ryanhnc10 said:LMCane said:amazing- down 16% in one dayryanhnc10 said:
GDRX just got TKO'd
then down 37% after hours!!!
can you imagine losing 53% of your company worth in 10 hours?!?
Add UPST to the TKO list
BaylorSpineGuy said:
Don't know how to post gif's on here but would love to post the one of the 3 Ninjas movie where they "light up" that dummy repeatedly.
That's how it feels
Quote:
Spoiler alert, they're not going to zero.
Everything is spot on except for the bold part. There are examples of strong .com bubble companies that are staples now but never reached their ATH from the late 90s.ProgN said:
Well my take on the current situation is that the bottom is very close after reading posts from today. We have people dumping AAPL, with 300B in cash, today. We have others now ready to cull their portfolios. If posts like this happened in our small group then you can bet your ass millions of families are having this same feeling and conversations tonight. Not to call out anyone here but I'll also add posts definitely saying some stocks will never see their ATHs again. I'm not giving any advice other than remember this when the markets are overextended to the upside and price targets are being raised daily, like 6 months ago. Everyone, including firms and 'experts', are forecasting the apocalypse. I have no issue if you want to sell junk but selling market leaders at these levels are more than likely to give you a double whammy when they rebound. IMO, retail capitulation is very close with people moving their 401Ks because 'they don't want to ride it down to zero'. Spoiler alert, they're not going to zero.