Bonfire1996 said:

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The opportunity of our lives is on the horizon. What an incredible opportunity to pick cash generating behemoths at discounted prices.

1% month over month CPI is historically bad.

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This won't be a v up. We will have many opportunities to buy cheap and let the bottom set.

trying TSLA $730 call lotto. $1.90 entry

BrokeAssAggie said:

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trying TSLA $730 call lotto. $1.90 entry

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putting a $1.35 stop on these.

TecRecAg said:

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SPY350 by August anyone?

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360 is a safer bet. I'm buying 380s on any spikes

Charismatic Megafauna said:

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BrokeAssAggie said:

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Charismatic Megafauna said:

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Sounds to me like everybody is expecting a bounce today. I just wish ttd would flash down so these puts I'm holding can pay

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Buy the dip

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Net free on some expiring 47.5p, could pay bigly if 50 fails

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Do or die time
I hate that I'm better at playing short than long

Thinking about layering in starting at 380. Have good amount of cash on the sidelines.

Plan is 1/4 at 380. Another 1/4 at 370. and the rest at 350/360.

If at anytime we see 400 before those levels mentioned I'll wait for confirmation and then forget about timing it.. just dump it in.

GreasenUSA said:

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Bulls had 2 weeks to try to bring us higher and couldn't do it. Not even to the 50 day moving average.
Looks like we'll be seeing last month's lows again in the coming days.

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Now everyone who was buying the last two weeks are now underwater. Potential for a big down move today if they sell their positions and I don't think we have enough buyers willing to try and catch the falling knife.

Philip J Fry said:

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FJB and this FED

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Be sure to add the WEF to your list too.

consumer confidence is crashing- doubt that is bullish for stocks

Michigan Consumer Confidence Survey
Preliminary Results for June 2022

Jun May Jun M-M Y-Y

Index of Consumer Sentiment 50.2 58.4 85.5 -14.0% -41.3%
Current Economic Conditions 55.4 63.3 88.6 -12.5% -37.5%
Index of Consumer Expectations 46.8 55.2 83.5 -15.2% -44.0%

qqq 0.618 fib from the 5/20 low to the 06/02 high was around 293.33. Premarket fell to that level, but it did not take long to loose that support. Looks like we're heading to the 5/20 low of 280. I don't see any good news in the coming weeks to keep us from going there.

Not sure if that's the case. There was a seller for those people who bought be it a market maker or other trader.

I think money has to be taken out of circulation or crushed with interest rates more expensive to loan money or something.

Don't know for certain tho - I'm basically an idiot.

Charismatic Megafauna said:

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Friend described something to me the other day that i never really understood. Central banks can create money. No problem, i understand that. I thought that all that money (and inflation) was there permanently, or at least until the fed decided to delete it or something. But it's way easier than that. People bought stonks yesterday, spy or whatever, then today got stopped out 2.5% lower. That 2.5% is gone. Same number of shares of spy are still out there, but they have consumed/ destroyed usd on their way down

So i wonder if there's a way to look at the volume profiles over the last several years and figure out at what point the however many trillion dollars that was printed has been eaten up and we're back to flat?

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Wealth is getting redistributed. I would love to see a study of who received all the money and which groups/industries are losing the most, and I am only thinking about equity/stock devaluation affecting peoples net worth. I have no clue.

But the buyer is buying those shares for way cheaper, so in the short term, some money is technically burned.

Eventually it's created again when it's sold higher.

You're forgetting that the seller from the original buy has the money you are labeling as burned.

Seller 1 - Gets $50
Buyer 1 - Spends $50

Buyer 1 sells - Loses $10
Buyer 2 - Spends $40

Seller 1 still has the $10 you are saying is burned.

Decay said:

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Every buyer has a seller. So money isn't burned

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What if the government prints a $100 dollars and then gives it me and I buy $100 dollars of stock. If the stock goes to zero and the company goes bankrupt, then wouldn't the $100 be gone forever. Any asset that is depreciating in value is an economic loss this why there is a tax deduction for deprecating assets. That deprecating asset can loose its value forever.

The $100 you paid to buy the stock is in the seller's pocket?

Spoony Love said:

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You're forgetting that the seller from the original buy has the money you are labeling as burned.

Seller 1 - Gets $50
Buyer 1 - Spends $50

Buyer 1 sells - Loses $10
Buyer 2 - Spends $40

Seller 1 still has the $10 you are saying is burned.

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But the original buyer spent the same, so it's a wash. Every sale is a wash, as in no money is created. But I'm saying from a sale at $50 to a sale at $40, that $10 is lost. (But then re-created if it's sold higher at a later date.)

Is my logic wrong?

Bash away. I thought it made sense but now i guess i got my mental pretzel straightened out and it's like newton's 4th law: conservation of currency

BaylorSpineGuy said:

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Not sure if that's the case. There was a seller for those people who bought be it a market maker or other trader.

I think money has to be taken out of circulation or crushed with interest rates more expensive to loan money or something.

Don't know for certain tho - I'm basically an idiot.

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I do know that Quantitative Tightening is the opposite of Quantitative Easing:

instead of buying Treasuries and MBS the Fed "supposedly" has turned around this month and is starting to sell them- which would drive down the price and offload from their balance sheet.

Powell is trying to implement quantitative tightening by reducing the financial assets the Fed holds on its balance sheet by selling them into the financial markets, which decreases asset prices and raises interest rates

Decay said:

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Charismatic Megafauna said:

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Friend described something to me the other day that i never really understood. Central banks can create money. No problem, i understand that. I thought that all that money (and inflation) was there permanently, or at least until the fed decided to delete it or something. But it's way easier than that. People bought stonks yesterday, spy or whatever, then today got stopped out 2.5% lower. That 2.5% is gone. Same number of shares of spy are still out there, but they have consumed/ destroyed usd on their way down

So i wonder if there's a way to look at the volume profiles over the last several years and figure out at what point the however many trillion dollars that was printed has been eaten up and we're back to flat?

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I don't think the stock market works that way.

Every buyer has a seller. So money isn't burned

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he may be getting confused with Market Cap declines-

so Amazon may have been a trillion dollar market cap - but after it's stocks have crashed the last 4 months now it is worth only 700 billion. which does impact the ability of Amazon to utilize it's cash balance

TChaney said:

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Txducker said:

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Decay said:

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Every buyer has a seller. So money isn't burned

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What if the government prints a $100 dollars and then gives it me and I buy $100 dollars of stock. If the stock goes to zero and the company goes bankrupt, then wouldn't the $100 be gone forever. Any asset that is depreciating in value is an economic loss this why there is a tax deduction for deprecating assets. That deprecating asset can loose its value forever.

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That $100 is in the pocket of the person you bought the stock from.

If it was an IPO the company got your $100 and probably spent it on a really cheap hooker and tiny bit of blow.

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I do see your point how the seller has the the $100 but I have zero because the company went bankrupt. I think our difference is in agreeing how much money/equity there was to start with. I am saying we started with $200 in equity (100 in cash me and the seller's 100 in value of the stock) and we end up with a net of 100 in equity after bankruptcy. Only the seller's 100 cash remains from the starting 200 in equity. My 100 is lost forever.

Ah i think that's it. The "value" of a company's market cap contributes to the total amount of "wealth" that exists in the country/world. A dollar changes hands and its still a dollar, but how many dollars the cumulative shares of a company are worth can decline or disappear, resulting in a net reduction of all the wealth/value in the system

Txducker said:

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TChaney said:

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Txducker said:

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Decay said:

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Every buyer has a seller. So money isn't burned

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What if the government prints a $100 dollars and then gives it me and I buy $100 dollars of stock. If the stock goes to zero and the company goes bankrupt, then wouldn't the $100 be gone forever. Any asset that is depreciating in value is an economic loss this why there is a tax deduction for deprecating assets. That deprecating asset can loose its value forever.

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That $100 is in the pocket of the person you bought the stock from.

If it was an IPO the company got your $100 and probably spent it on a really cheap hooker and tiny bit of blow.

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I do see your point how the seller has the the $100 but I have zero because the company went bankrupt. I think our difference is in agreeing how much money/equity there was to start with. I am saying we started with $200 in equity (100 in cash me and the seller's 100 in value of the stock) and we end up with a net of 100 in equity after bankruptcy. Only the seller's 100 cash remains from the starting 200 in equity. My 100 is lost forever.

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I create a piece of art from trash I found on the side of the road.
I find a person to buy they piece of art for $100
They try to resell that piece of art through a gallery listing and am told by everyone "That's just a pile of trash" and worth nothing.
After a certain amount of time the gallery says. We agree it's worth nothing and we will remove the listing.

Now IF I can convince someone it's really art and it's worth more I can sell that art for $200.

In scenario 1
I spent $100 on a stock
The seller got my $100
I still have the stock but it's worth nothing.
The market listing the stock realizes it's worthless and delists the stock.

In scenario 2
I convinced enough people through whatever means legal or not that this trash is worth $200 and sell it.
The original seller has $100, I have $100, and the sucker I sold to has spent $200.

Charismatic Megafauna said:

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Ah i think that's it. The "value" of a company's market cap contributes to the total amount of "wealth" that exists in the country/world. A dollar changes hands and its still a dollar, but how many dollars the cumulative shares of a company are worth can decline or disappear, resulting in a net reduction of all the wealth/value in the system

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You stated that better than what I could put into words. That was the point I was trying to make.