Where will SPY stop ?

I had such high hopes for today.

Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

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Plus the hard workers who stick it out just keep getting loaded with more work and responsibility as their peers leave for the sit at home life.

$VEON is pressing top of the eternal Darvas Box.......cue the "It's happening" gifs.

— 2021 Opportunity Stocks Knock (@oldarmy1) May 18, 2021

CMON VEON

ClutchCityAg said:

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Did FOMC leak or something?

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Joe spoke

Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

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I think the bigger problem is people spend too much.
Everyone wants a massive house with hard wood flooring abs granite counter tops , nice new cars, constant flow of new clothes and eat out all the time. The bulk of Americans are overextended. If they simply spent less, the money they made would go further. Yes things themselves are more expensive but people also overspend.

Ranger222 said:

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Weird to me how much VIX was up today

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I need a feed to tell me the day before when the Medusa of the market, err Yellen, is speaking and at what time.

If VEON explodes northwards out of that box, that "hell yeah" will be heard from the Smokeys to the Rockies.

I'm sitting on 2000 contracts averaged in at .10.

ag94whoop said:

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Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

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I think the bigger problem is people spend too much.
Everyone wants a massive house with hard wood flooring abs granite counter tops , nice new cars, constant flow of new clothes and eat out all the time. The bulk of Americans are overextended. If they simply spent less, the money they made would go further. Yes things themselves are more expensive but people also overspend.

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This

Restaurants are packed, bars packed, stores packed. Help wanted.

ag94whoop said:

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Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

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I think the bigger problem is people spend too much.
Everyone wants a massive house with hard wood flooring abs granite counter tops , nice new cars, constant flow of new clothes and eat out all the time. The bulk of Americans are overextended. If they simply spent less, the money they made would go further. Yes things themselves are more expensive but people also overspend.

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We have a spending problem more than an income problem. By we, I mean citizens and the government. The US definition of poverty is way different than a lot of the world.

GtownRAB said:

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ag94whoop said:

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Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

---

I think the bigger problem is people spend too much.
Everyone wants a massive house with hard wood flooring abs granite counter tops , nice new cars, constant flow of new clothes and eat out all the time. The bulk of Americans are overextended. If they simply spent less, the money they made would go further. Yes things themselves are more expensive but people also overspend.

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We have a spending problem more than an income problem. By we, I mean citizens and the government. The US definition of poverty is way different than a lot of the world.

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catch-22, without consumption the economy stalls. If everyone saved and invested we would have have company valuations with very high price to earnings multiples because we are owning assets instead of giving those businesses revenue.

Oh wait..... we already have that.

If you're unhappy and under appreciated then just leave. The biggest pay increases you'll get are from changing jobs especially in markets like this where companies can't hire fast enough. The number of mid and senior level jobs I am seeing right now is insane.

The idea of being loyal to a company unless it's your own is completely outdated.

Jet Black said:

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ClutchCityAg said:

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Jet Black said:

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Part of me doesn't blame people for sitting home. Wages are garbage in this country. Hell, I know people with good white collar jobs that struggle to make it every month because wages haven't kept pace.

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Plus the hard workers who stick it out just keep getting loaded with more work and responsibility as their peers leave for the sit at home life.

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My wife is in that exact situation. More work, same pay.

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FYI, inflated wages for fast food entry level positions caused by government in a hyper inflation environment will not include more professional careers because businesses will go under. Inflation is going to erode your purchasing power and your family will be worse off. You deserve the government you elect. I hope Biden voters lose their jobs and feel a lot of pain.

Have y'all looked at the houses first time home buyers are getting?
They are 50-70% larger than houses were 20-30 years ago, with "standard features" that were the top end upgrades from 20 years ago. Cars are getting so expensive it's getting out of control and yet they are in so much demand you can't get one. I read an article the other day saying 5that nationally the average college graduate "expects" to earn $85k straight out of college and over $200k within 5 years.
The problem is that companies can't afford to pay that without drastically increasing prices.

I know so many people who live paycheck to paycheck