The notion that the stock market isn't the economy just doesn't hold up anymore (cnbc.com)
LOL, the timing of this article on this board.
LOL, the timing of this article on this board.
Stock Markets
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Last: 37 min ago by Heineken-Ashi
that guy must be new around here, lol$30,000 Millionaire said:OK. want to bet on it?BAP Enthusiast said:$30,000 Millionaire said:
there will be a rally soon. This is too much.
Have you been paying any attention to the economy? What would lead you to believe anything at all is going well?
right back to LOD. see if the dam breaks.Dan Scott said:
this close will be nasty
LMCane said:BAP Enthusiast said:TecRecAg said:The market is not the economy.BAP Enthusiast said:$30,000 Millionaire said:
there will be a rally soon. This is too much.
Have you been paying any attention to the economy? What would lead you to believe anything at all is going well?Despite the bloodbath in overall equities, energy stocks continue to move higher.
— Otavio (Tavi) Costa (@TaviCosta) May 8, 2022
The disconnect from other sectors has never been more pronounced.
“The Great Rotation” is now in progress. pic.twitter.com/MR62h4shNo
When it looks like this? Yeah it's tanking badly.
but of course energy companies are cyclicals as well- when the recession starts to kick in and inflation eventually moderates at a high level the stocks on energy producers will start to moderate as well.
even though I have been buying a lot of energy the last few months, it's not like that is going to prop up the market for years at a time.
I know. Oil is going to go to $200/bbl and then **** will hit the fan across the board. This is only the beginning.
sub 4K
You don’t trade for money, you trade for freedom.
$30,000 Millionaire said:
sub 4K
UPRO?
pretty nasty bull trap around 3:10 ET as SPY broke a trend line up only to fall right back down to sub-400. BTC also a nasty daily candle.
amazing downward pressure.
You don’t trade for money, you trade for freedom.
I wouldn't feel bad about a starter down here.Jet Black said:$30,000 Millionaire said:
sub 4K
UPRO?
You don’t trade for money, you trade for freedom.
Big level here on SPY
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.
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.
Wouldn't mind seeing the S&P close below 4K just to get that psychological barrier out of the way.
broke. $395 on deckBrokeAssAggie said:
Big level here on SPY
SO FAR!BrokeAssAggie said:
Big level here on SPY
The bright side is that we should get close to 3800 SPX tomorrow at the open.
Gonna get your wishAg CPA said:
Wouldn't mind seeing the S&P close below 4K just to get that psychological barrier out of the way.
Do we bear market rip tomorrow?
Analyzed my portfolio in detail today.
Gonna be awkward when I try to explain to the wife that a bender in Vegas with hookers and blow will actually save us money right now.
Wish me luck.
I don't know, those hookers and blow probably cost 30% more than the last time you were there.
jj9000 said:Why?Tumble Weed said:
Just sold aapl and GOOGL.
I cut everything in my portfolio that has a P/E greater than 15 except for fb as it is around 15.
Kept my value stocks, will use the cash to buy the dip.
I am betting that the value stocks will suck less than the growth stocks this year.
market down 8% in 3 days
I mean what's crazy is that 380is top of the channel of the post-GFC to pre-COVID crisis. I think we will likely get there and bounce off of it. The crisis level is down at the 280s which corresponds with COVID and GFC bottoms. Now SPY 280s would be a great buy.
some big ass volume on spy
AAPL holding up well still hasn't broken prior lows. Buffet was buy AAPL at these levels back in March and said he would have bought more but the stock went up.
Got a big ol bite of VTI at around 3990
So the next buy will be around 3800 or so….. if we get there. Who knows might get a twofer this week now that Biden's working on it.
So the next buy will be around 3800 or so….. if we get there. Who knows might get a twofer this week now that Biden's working on it.
Consumer staples and utility sector ETFs are holding strong, little change today.
Probably a short hedge...BrokeAssAggie said:
some big ass volume on spy
I really hate myself right now because I am seriously considering taking some of these $442 0531 $SPY calls. Cant ignore this volume
— Brad (@tradinggrounds) May 9, 2022
LOL. two hours after you type that on the front page of CNBC is:TecRecAg said:The market is not the economy.BAP Enthusiast said:$30,000 Millionaire said:
there will be a rally soon. This is too much.
Have you been paying any attention to the economy? What would lead you to believe anything at all is going well?
"The Market is the Economy Now"
The Market is the Economy
Our friend CLOV has earnings tonight. Lets see how this POS does. It's back to the level Chelsea Clinton bought 100K shares
how long are consumer staples going to hang in therebmks270 said:
Consumer staples and utility sector ETFs are holding strong, little change today.
when the economy rolls over into an acknowledged recession?
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.
jesus h christ, your posts are exhausting. why don't you just stay on f16, seriously? go there and talk all you want about the economy and recession and collapse.LMCane said:how long are consumer staples going to hang in therebmks270 said:
Consumer staples and utility sector ETFs are holding strong, little change today.
when the economy rolls over into an acknowledged recession?
You have stars, just block him.
I'm gonna to the craps tables now
CLOV up 20%
Good start! Need a lot more!Dan Scott said:
CLOV up 20%
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