Stock Market: The Thread

[Tank]

[Lhalo]

Oh snap.

 

[NrM]

11 hours ago, Lhalo said:

Oh snap.

 

Got to protect us poor helpless Americans.  

Big banks are our saviors. 

[fan_since79]

17 hours ago, Lhalo said:

Oh snap.

 

Biden: "Can't have more freedom. Can't have any more of that stuff!"

 

[NrM]

Apparently this nerd is Biden's 2nd biggest donor. 

Sam Bankman-Fried is a billionaire genius who runs one of the biggest crypto exchanges, FTX

 

So regulation can actually be a good thing if done right. May even lead the way for a Bitcoin spot ETF. It can also be a disaster.

[Tank]

5 hours ago, NrM said:

It can also be a disaster

“Hey Siri, what happens once the government gets involved?”

[Jay]

Not for the faint of heart...

[Lou]

4 hours ago, Jay said:

Not for the faint of heart...

Amazon Prime membership price is going up. 

[Blarg]

Free shipping! When I think about all of the free shipping with Amazon Prime, coupled with their streaming service, my yearly membership fees are insignificant. I don't know how much the increase would have to be for me to cancel. Right now if it doubled I wouldn't blink. 

[ten ocho recon scout]

On 2/4/2022 at 11:28 PM, Blarg said:

Free shipping! When I think about all of the free shipping with Amazon Prime, coupled with their streaming service, my yearly membership fees are insignificant. I don't know how much the increase would have to be for me to cancel. Right now if it doubled I wouldn't blink. 

Same. 

 

[fan_since79]

So far today it's Down, Down, and Down...

Oil up 10%. Bitcoin surging. 10-year yield down significantly. The flight to 'safety' in bonds.

Inflation soaring.

Russia ready to launch major assault on Ukrainian capital.

Biden will speak about child tax credits tonight among other things.

Volatile and dangerous times financially and otherwise.

 

[fan_since79]

What the heck happened to the market today?!

Down 955 points?! I thought the Dow was up 300 earlier in the day!

Fed says it will get more aggressive in fighting inflation. More (and larger) rate hikes coming? That's murder for stocks.

[Lhalo]

Powell said that they are raising the rates 50 basis points and that 75 basis points at a time is not something the committee is actively considering. The market shot through the roof after that.

[fan_since79]

Yesterday was an anomaly.

Dow is down 750 points.

Nasdaq is off 4.3%.

Continued down slope.

.5% rate hike will do nothing to tame this raging inflation.

[Tank]

i long ago resigned myself to the fact that i will never really understand how the stock market works.

as long as my retirement fund is earning interest, that's all i really care about.

[fan_since79]

1 minute ago, Tank said:

i long ago resigned myself to the fact that i will never really understand how the stock market works.

as long as my retirement fund is earning interest, that's all i really care about.

My IRA is down 15% this year. I'll just have to keep working until I drop.

 

[fan_since79]

Dow down 1,356 points with 45 minutes to go.

Ugly!!

[fan_since79]

Market continues down, down, down...

S&P index is 20 points away from a bear market signal, a 20% drop from January 4th's all-time high.

Ten-year yield is plunging which indicates a flight to the 'safety' of bonds.

Wholesale inflation is 11.5%. 

Biden is yelling and screaming about the threat of MAGA's. He's helpless.

[UndertheHalo]

Probably see a violent 5-6% drop sometime soon and that will be the bottom.  

[Catwhoshatinthehat]

Yeah I saw that same article

https://www.bloomberg.com/news/articles/2022-05-09/gartman-says-stocks-in-bear-market-until-a-one-day-5-6-drop

[UndertheHalo]

1 hour ago, Catwhoshatinthehat said:

Yeah I saw that same article

https://www.bloomberg.com/news/articles/2022-05-09/gartman-says-stocks-in-bear-market-until-a-one-day-5-6-drop

I mean typically this is how these things go. 

[Slegnaac]

Fortunately people are still contributing to the market via 401K contributions?

[fan_since79]

Target badly misses earnings estimates and the stock drops 25%. Other retailers are getting hammered also.

"Supply chain costs". Of course. Fuel costs have soared 100% since last year. What did they expect?

The troubling thing is they have no good news to report going forward. We're going to see an unraveling of this bloated stock market across the board, in my opinion. 

[Lhalo]

Nadaq down 27% YTD. Just absolutely slam hammered.

[Catwhoshatinthehat]

Despite being down 27% YTD Nasdaq is still up almost 90% the last 5 years while returns were heavily driven by FAANG, Microsoft and Tesla.  If you're overweight tech stocks or day trading it hurts but if you've been playing the long game many investors may still be up.