Brian Earl Spilner said:

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$30,000 Millionaire said:

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Peace folks!

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I don't even want to know what your tax bill looks like every year.

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Respectfully disagree.

Hi! Just dropping in to see what y'all degenerates are up to.

Work has me busier than a mop in a Houston massage parlor.

Maybe I'll be back one day!

McInnis 03 said:

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Hi! Just dropping in to see what y'all degenerates are up to.

Work has me busier than a mop in a Houston massage parlor.

Maybe I'll be back one day!

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Good to see y'all. We'll be here when work slows down for all of you.

You're gross.

Jet Black said:

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Debating the cause? Seems pretty simple. Everything is expensive, including gas. People can't afford it so they are using credit.

https://www.marketwatch.com/amp/story/u-s-consumer-credit-growth-stays-strong-in-april-11654629287

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If you're right then that's a very bad omen for the markets. Instead of curtailing their spending and changing their habits, they're incurring more debt at the worst possible time. People with high credit card debts should be focusing on paying them down and eliminating them outright when the fed started raising rates. Those are variable and have been increasing. I've seen some cards as high at 24.99% which is predatory and will continue to increase, people are just putting themselves in an inescapable death spiral. This will lead to numerous defaults and bankruptcies. This will destroy their credit and will effect renters and even some job opportunities.

Unfortunately, our economy is consumer based and when that dries up because no one can borrow or buy on credit, it's going to get very ugly. It will solve the inflation problem but a lot of lower and middle class working families will suffer because they've not recognized the risk. I don't want that. It saddens me because it didn't have to be this way, but this isn't the forum to go any further.

If anyone in here knows someone that's on that path, then you should help advise them if you really care about their wellbeing.

ProgN said:

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Jet Black said:

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Debating the cause? Seems pretty simple. Everything is expensive, including gas. People can't afford it so they are using credit.

https://www.marketwatch.com/amp/story/u-s-consumer-credit-growth-stays-strong-in-april-11654629287

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If you're right then that's a very bad omen for the markets. Instead of curtailing their spending and changing their habits, they're incurring more debt at the worst possible time. People with high credit card debts should be focusing on paying them down and eliminating them outright when the fed started raising rates. Those are variable and have been increasing. I've seen some cards as high at 24.99% which is predatory and will continue to increase, people are just putting themselves in an inescapable death spiral. This will lead to numerous defaults and bankruptcies. This will destroy their credit and will effect renters and even some job opportunities.

Unfortunately, our economy is consumer based and when that dries up because no one can borrow or buy on credit, it's going to get very ugly. It will solve the inflation problem but a lot of lower and middle class working families will suffer because they've not recognized the risk. I don't want that. It saddens me because it didn't have to be this way, but this isn't the forum to go any further.

If anyone in here knows someone that's on that path, then you should help advise them if you really care about their wellbeing.

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There's a lot of plain stated truth in those first 3 sentences. ....

At earliest, the folks that went bk or defaulted on their mortgages in 2008 came off the credit rolls of bad credit in 2018 (10 year rule). More of that group came off the rolls in 2019 and fewer in 2020. Many in that group wanted out of rentals and back in a home. Many in that group should not have been home buyers prior to 2008 and should not be home buyers in '18, '19 or '20. Think about what happen in that time period, housing stayed supported by low mortgage rates, employment was great and jobs were filled, then COVID, then Gov't cash freebies, working from home and gig opportunities. This country went from stable to unstable. Current monetary policy is a disaster. Yes, most knew that the ZIRP from long ago and Federal spending would lead to a poor economy at some point and in '20 & '21 it's been shifted to high gear via poor decisions by this Administration. The folks who were poor money managers & home buyers/owners from the '08 crisis continue on that same track. Those folks who learned from their mistakes and were able to change will come out just fine. They are a small percentage of the group. There's a large group that didn't learn after the financial crisis and changing or breaking bad money management habits is something that is foreign to them. I believe we will see a rinse and repeat regarding bankruptcies and mortgage defaults, but not a financial crisis. Inflation only at first(we are in it now). Then recession. That SNL YouTube video about how to save money would be a good insert here.

I don't think the fed will meaningfully raise.

ProgN said:

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Jet Black said:

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Debating the cause? Seems pretty simple. Everything is expensive, including gas. People can't afford it so they are using credit.

https://www.marketwatch.com/amp/story/u-s-consumer-credit-growth-stays-strong-in-april-11654629287

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It saddens me because it didn't have to be this way, but this isn't the forum to go any further.

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Who are you and what you done with Prog?

I did a top 5 difficulty case I have done yesterday so thought I would share. I'm on a high after I saw this CT. High grade spondylolisthesis where L5 is almost completely off the sacrum ( that's called a spondyloptosis this was close). Look at how much better the alignment is now!

As someone who had surgery to correct a grade 3, j cannot imagine the pain your patient has been experiencing.

Checking in. The overnight gap down killed those AMZN calls I accidentally overnighted. Ended up dragging account down another 10%. (this may seem like a lot, but my account is plankton sized... for good reason)

Traded QQQ to breakeven. So -10% back to back days...

The lesson learned here is to just not trade when you're busy.

I shall be back tomorrow.

Mornun….

Maybe play or at least watch Asia stocks today.

Trade wisely!

I should have time today again. I like AAPL, TSLA, SPX if we break to the upside and AMZN, TSLA, SPX if we break to the downside. If we could get one of those nice green rally trend days those are absolutely the most fun to trade. Where do we vote for that?

Red Pear DFW Luke said:

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OA1 Called out some July 15th IBM $150 calls on Monday - now they just announced they are laying off their entire Russian staff.

Bullish? or Bearish?

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Both? lol. just keep in mind, if it pulls back, he's shorting it and may end up making money both ways. His plays aren't for everyone.