McInnis 03 said:
I "jumped" out the 10th floor window at 6am but the damn awning broke my fall and bounced me into a beautiful fountain so I'm injury free.
I say "jumped" because I think Mcinnis pushed me out.
It seemed like the right thing to do at the time.
Heineken-Ashi said:Yes, the weather in Houston made the entire market selloff. Had nothing to do with JPY reversing and global liquidity leaving to cover JPY carry trade shorts.Dan Scott said:
According to Tom Lee who is bullish, the unemployment rate is overstated. He makes the point that Hurricane Beryl caused over a million people and business to be without power for a week in the month. Unemployment claims in Texas are up while rest of country is down. Also said there is a huge increased in weather being the response for unemployed in July. And all this gets corrected in the August report which would confirm if it's really that bad out there.
Interesting perspective.
I'm sure the Nikkei (-5%), Hang Seng (-2%), KOSPI (-3.65%), Euronext 100 (-2.7%), and every other major world index being down on the same day while VIX was up 25% was because of US weather.
Tom Lee has made some good calls. But he's missing the forest on this one. I wouldn't be surprised to see the market make new highs. But it won't be because people realized they overfreaked over a jobs report and a hurricane. Today had nothing to do with retail. Who on this forum was selling stocks today? Wall Street Bets? Anyone? Retail has some cash on the side waiting to deploy. The last two days were a global liquidity event. And likely more than just twitchy algos. Global money moves in massive amounts day to day to fund liquidity. And when one of the main drivers reverses, it forces covering. The money to cover has to come from somewhere. Whether this downturn continues or not is TBD.
I could only see my "Portfolio" page on FidelityCC09LawAg said:
Fidelity has been fine for me, other than processing orders slow/some delays.
I think we are way beyond that point my friend.Chef Elko said:
If it's the top for NVDA, it's the top for the market in general.
SAVA is crushing it. Can't remember who recommended it, but thank you kind sir! I kept buying when it dipped under $10.Charismatic Megafauna said:
Sava almost tagged 30...does someone know or is this someone's exit strategy?
but we just saw over the weekend that Berkshire sold billions of AppleBenTheGoodAg said:SF2004 said:
Value investing might be king for a bit.
LMCane said:but we just saw over the weekend that Berkshire sold billions of AppleBenTheGoodAg said:SF2004 said:
Value investing might be king for a bit.
and trimmed their position by like 50%
Look back at the end of 2018...Christmas Eve was not so Christmas-y. Market shed 20% in a brief time frame, that's the last 'crash' I recall outside of covid nonsense.TDub said:
So as a 28 year old going through this for the first time what should I expect and where should I put my money?
Hold on to it like a wild ride in the sack and don't let go. DO NOT SELL. If you can get your ownership into a Roth, I suggest you do. Pay the tax.Charismatic Megafauna said:
Sava almost tagged 30...does someone know or is this someone's exit strategy?
Good job on the sub $10 buy!dreyOO said:SAVA is crushing it. Can't remember who recommended it, but thank you kind sir! I kept buying when it dipped under $10.Charismatic Megafauna said:
Sava almost tagged 30...does someone know or is this someone's exit strategy?
knoxtom said:LMCane said:but we just saw over the weekend that Berkshire sold billions of AppleBenTheGoodAg said:SF2004 said:
Value investing might be king for a bit.
and trimmed their position by like 50%
That was a margin call
E King Trill said:knoxtom said:LMCane said:but we just saw over the weekend that Berkshire sold billions of AppleBenTheGoodAg said:SF2004 said:
Value investing might be king for a bit.
and trimmed their position by like 50%
That was a margin call
Buffett is such a ***** sometimes
Quote:
POWL is kind of sitting on a range with still the H&S threat. Selloff was too big IMO to be something more bullish from a technical perspective. Ich cloud says $90 can happen and thats the weekly 144 EMA
“Let your eyes look straight ahead; fix your gaze directly before you. Give careful thought to the paths for your feet and be steadfast in all your ways” Proverbs 4:25-26
— Pat Gelsinger (@PGelsinger) August 4, 2024
I'm not calling Hein out at all. He's my friend and I have the upmost respect for him, I just don't see that scenario happening.Philip J Fry said:
To be fair, he also said SMCI would hit the 509s.
That said, I reloaded on POWL this morning.
Farmer @ Johnsongrass, TX said:Hold on to it like a wild ride in the sack and don't let go. DO NOT SELL. If you can get your ownership into a Roth, I suggest you do. Pay the tax.Charismatic Megafauna said:
Sava almost tagged 30...does someone know or is this someone's exit strategy?
Maybe so, just highlighting what I see. I won't pound the table on anything when the investing environment is extremely risk on.ProgN said:Quote:
POWL is kind of sitting on a range with still the H&S threat. Selloff was too big IMO to be something more bullish from a technical perspective. Ich cloud says $90 can happen and thats the weekly 144 EMA
POWL prints $90 then we are in WW3 and it's not going to matter what you're in except precious metals, ammo and food. IMHO.
LOL.BenTheGoodAg said:SF2004 said:
Value investing might be king for a bit.
ProgN said:
Perfect description my friend.
confucius_ag said:
It got weird.
I started a position in Roche a month ago.Charismatic Megafauna said:Farmer @ Johnsongrass, TX said:Hold on to it like a wild ride in the sack and don't let go. DO NOT SELL. If you can get your ownership into a Roth, I suggest you do. Pay the tax.Charismatic Megafauna said:
Sava almost tagged 30...does someone know or is this someone's exit strategy?
I didn't realize you were on the sava train farmer! Lot of roche or merck buyout rumors swirling, I've held this long (in a rollover 401k) and exercised my warrants so I'm ride or die. Glad to see you back!
