So vix to $40
I bet you're fun at parties!Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
SF2004 said:
I'm down like everyone else but what is comic relief is watching people in awe like "how could this happen".
We shut down supply chains and economy then pumped funny money into the economy.
Some countries are still shutting down crap.
In 2020 if anyone of you was around a discretionary hobby (for me it was sports/collectibles) you saw the absurd run up with all the free money.
you say this like it is a bad thing. Why do you hate America?BrokeAssAggie said:
They are going to get this thing back to even for the day, aren't they..
no. bag holding some calls. Just tired of the back and forth for the last 8 weeks.utah, get me two said:
Did you buy puts
Maybe there's a difference between bloated Growth Tech stocks with high PE's and Value stocks with normal PE's. One is getting a correction and the other is prospering. One is based on a promise and the other delivers the goods. Just a thought.. Value stocks aren't sexy, but I'm still mooing and my windows remained unlocked. I respectfully disagree, we aren't in a bear market. We're at minimum 2,000 points away. This is a cyclical bear market within a bull market mega trend. The bull remains intact.Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
Welp that worked...FINALLYFJ43 said:
So today I got stopped out of my SPY shorts and obviously Mrs FJ would have had a new car by now. Don't tell her its our secret.
Didn't expect this move today at all.....but thats the markets.
I am moving to next week options - calls on SPY
BrokeAssAggie said:
They are going to get this thing back to even for the day, aren't they..
guiltyJ.P. 03 said:
I don't even want to know what kind of .gifs you guys have been posting to spark a rally this large, but I'm just thankful the mods are deleting them before anyone accidentally opens them on their work computer
Same, thanks to that nice TQQQ dip and recovery.BrokeAssAggie said:
aaand we are green.
bmks270 said:
I've got first time stock investing friends telling me they are going to buy in if it drops further. I think we are seeing the beginning of the bottom. People buying as it goes lower.
Yes as an answer to your first statement.SoupNazi2001 said:Farmer @ Johnsongrass, TX said:Maybe there's a difference between bloated Growth Tech stocks with high PE's and Value stocks with normal PE's. One is getting a correction and the other is prospering. One is based on a promise and the other delivers the goods. Just a thought.. Value stocks aren't sexy, but I'm still mooing and my windows remained unlocked. I respectfully disagree, we aren't in a bear market. We're at minimum 2,000 points away. This is a cyclical bear market within a bull market mega trend. The bull remains intact.Ag CPA said:
For those of you experiencing your first real bear market (2020 does not count) the thing that crushes souls is not necessarily the market drops; yes most stocks will eventually recover and you will get your money back and make some more. It is the passage of time, the agonizing amount of time it can take to bottom out, slowly move back up, go back down again... This reversal could take years, like it did in 2000 and 2008 and waiting around while your dreams turn into years is demoralizing.
Anyways, happy Friday.
You don't think we are in a bear market because one index compromised of 30 stocks isn't off 20%. The vast majority of stocks have been in a bear market a long time. Large caps are finally catching up last as they always do.
Closing Update: Huge 70 point rally right off todays 3805-15 support. Importantly, #ES_F cleared 3855 resistance, which gives bulls room to run this next week (4035+). Newsletter out Sunday evening discussing full plan-trajectory from last nights in play https://t.co/zS20sba61S
— Adam Mancini (@AdamMancini4) May 20, 2022
Noted and legendary technician Tom DeMark calls a bottom today! pic.twitter.com/LZrQvCfukW
— Will Meade (@realwillmeade) May 20, 2022