Markets still falling like whoa

[Aqua Buddha 14624]

1 hour ago, Tailgate said:

I am close to hitting pre-corona levels. This is an insane market. But I have been in almost 30 years, not leaving it now.

I'm up if you can believe that.  Most is in S&P Index funds and I use individual retail stocks as a hedge.  (They do better in bad times.)  I'm up all around on everything.  

I have a decent amount of cash I was about to pull the trigger on but everything went back up so fast.  We have 30% unemployment and certain industries are ruined but Wall Street gonna Wall Street.

[workswithseed 2119]

 

Fuck it, I think it's funny. I don't mind getting in trouble.

[UTGrad98 2282]

I came to post that I know nothing about the stock market.  Not even the most basic.... if the world economy completely stops, stocks go down. If the economy is good, stocks go up. I know nothing. Not a damn thing. I will never believe I know even the most basic fundamentals of how it works.  Not now, not ever. I did change my 401k in March to 75/25 stocks bond from 30/70. But I didn't put in my main money market account . I am a bit frustrated to day the least. 

[Continental Op 3934]

7 hours ago, ChiTownDoc said:

 I’d peg 2700 at 99%.

Are you a Now This sock or was Now This your sock?

[ChiTownDoc 21173]

12 minutes ago, Continental Op said:

Are you a Now This sock or was Now This your sock?

NowThis was getting pegged, not doing the pegging.  So I must be his gf?

[Incredulity 11683]

1 hour ago, ChiTownDoc said:

NowThis was getting pegged, not doing the pegging.  So I must be his gf?

Who said he was straight?

[workswithseed 2119]

7 minutes ago, Incredulity said:

Who said he was straight?

If you get pegged by a woman, are you still straight?

[ChiTownDoc 21173]

So many questions...

[woohorn 1131]

Whish I still held some TSLA.

[Fudge Nuggets 19227]

Is today just another quick pullback before the market starts to rip faces off shorts again or is this the beginning of "sell in May and go away"?  I think the market not going straight to the moon after another worse than expected unemployment report is the first indication of weakness in six weeks.

AMZN / AAPL earnings after the close could be the start of a "sell the news" that starts a small pullback at least.

[Trey3216 15372]

AMZN not looking so hot.   Missed badly on EPS

Edited April 30, 2020 by Trey3216

[52-80 19262]

20 hours ago, UTGrad98 said:

I came to post that I know nothing about the stock market.  Not even the most basic.... if the world economy completely stops, stocks go down. If the economy is good, stocks go up. I know nothing. Not a damn thing. I will never believe I know even the most basic fundamentals of how it works.  Not now, not ever. I did change my 401k in March to 75/25 stocks bond from 30/70. But I didn't put in my main money market account . I am a bit frustrated to day the least. 

The previous explanation (which was also a meme) was that the market is forward looking and priced everything in, hence its resiliency.

A plausible explanation now is that the market is absolutely not forward looking enough, hence it showing a blind eye to the impending economic destruction and keep rising..... until it gets absolutely bludgeoned in the fucking head in Q2/Q3.

The third working explanation is that it's simply retarded.

[Auto Driller 2506]

5 minutes ago, Trey3216 said:

AMZN not looking so hot.   Missed badly on EPS

So.....up 8% pre market tomorrow?

[52-80 19262]

17 minutes ago, Trey3216 said:

AMZN not looking so hot.   Missed badly on EPS

thats a buying opp!  if it hasnt gone 5%+ for the day or whatever

[Fudge Nuggets 19227]

18 minutes ago, Trey3216 said:

AMZN not looking so hot.   Missed badly on EPS

Since when did earnings mean shit for AMZN?

[Fudge Nuggets 19227]

LOL, for some reason I was watching the AAPL post-market trades and it was down around 291.  Glanced away from the screen for a second, looked back and it was at 299.  Yep, efficient markets, friends.

[Trey3216 15372]

9 minutes ago, Fudge Nuggets said:

Since when did earnings mean shit for AMZN?

No joke, but they are down 5+% AH

[Trey3216 15372]

Holy shit!  Boeing doing a $25bn bond offering, and alleged demand was for up to $70bn

[hornbri 1417]

23 minutes ago, Fudge Nuggets said:

LOL, for some reason I was watching the AAPL post-market trades and it was down around 291.  Glanced away from the screen for a second, looked back and it was at 299.  Yep, efficient markets, friends.

That was when earnings hit. 

[Beau Vine 54464]

On 4/29/2020 at 11:12 AM, Hmbre97 said:

misses earnings even worse than predicted. Stock up almost 10% as of right now. 

Same thing happened to Ford (?) earlier in the week.  That kind of shit worries me a lot.

[Beau Vine 54464]

On 4/29/2020 at 11:48 AM, Hefeweizen said:

I still think we’re going to 2000.  Too much accumulated pain has not been paid for yet.

I think shit's going to hit the fan once the meat shortages hit.

[Fudge Nuggets 19227]

27 minutes ago, Trey3216 said:

Holy shit!  Boeing doing a $25bn bond offering, and alleged demand was for up to $70bn

Any word on the rate they had to pay?  Never mind, here is a snippet:

 

Quote

 

The longest portion, a 40-year security, will yield 4.625 percentage points above Treasuries, after first discussing around 5.5 percentage points, the people said, asking not to be identified as the details are private.

Those initial risk premiums are more in line with junk-rated companies, and will “get the greed juices flowing,” said David Knutson, head of credit research for the Americas at Schroder Investment Management.

 

And no way 4.625% above treasuries is properly pricing BA risk 40 years out.

Edited April 30, 2020 by Fudge Nuggets

[Fudge Nuggets 19227]

17 minutes ago, hornbri said:

That was when earnings hit. 

And now it's below where it was pre-spike.

[workswithseed 2119]

Fuck, I was wondering if I should pull right at open.

[bernorange 8366]

14 minutes ago, Beau Vine said:

I think shit's going to hit the fan once the meat shortages hit.

Hope you aren't long pudding.

[Harrison Stafford 3341]

Methinks the market is just starting to roll over and, ultimately, we go to 1700-1800.  Am positioned in CV stocks and added to my SOXS position in the 8's.  Stocks closed out April with their best month since 1987.  Stop the madness.

[washparkhorn 9939]

Let's see if the old maxim - "Sell in May and go away" - still applies to this market. 

Go where? 

[Rusty Shackelford 414]

13 minutes ago, bernorange said:

Hope you aren't long pudding.

 

[TonyTexas 10533]

Lulz. When a d- bag has more money than sense. He’s long 3000 AMZN into earnings. 

 

[workswithseed 2119]

29 minutes ago, washparkhorn said:

Let's see if the old maxim - "Sell in May and go away" - still applies to this market. 

Go where? 

Apparently not the beaches of California.

[Aqua Buddha 14624]

2 hours ago, Fudge Nuggets said:

Since when did earnings mean shit for AMZN?

AMZN grew sales but missed profit = “They’re growing share!!!!”

TGT grew sales but missed profit = “Their margin is down!!!”

[Beau Vine 54464]

1 hour ago, bernorange said:

Hope you aren't long pudding.

You, yes, you behind the bike sheds, stand still, laddy!

[Redneck Mutha 8016]

1 hour ago, Beau Vine said:

I think shit's going to hit the fan once the meat shortages hit.

Priced.  In.

[The People’s Elbow 707]

Warren Buffett's favorite stock-market indicator hits record high, signaling a crash could be coming

 

Buffett clearly didn’t get the memo. 

[Blotto 23584]

45 minutes ago, The People’s Elbow said:

Warren Buffett's favorite stock-market indicator hits record high, signaling a crash could be coming

 

Buffett clearly didn’t get the memo. 

Berkshire is now sitting on $128 billion in cash (market cap is $455 billion). I'd say Buffet gets the message loud and clear. That crusty old bastard is probably salivating at the upcoming bargains and outright rapings he will dole out in the future. 

[TonyTexas 10533]

Buffet is just a modern day loan shark. 

[52-80 19262]

1 hour ago, The People’s Elbow said:

Warren Buffett's favorite stock-market indicator hits record high, signaling a crash could be coming

 

Buffett clearly didn’t get the memo. 

According to that chart people should have sat out of the market from 2014 until now

[Dbeasy 15094]

According to that chart people should have sat out of the market from 2014 until now

The one extremely important factor that metric doesn’t consider is US company international business and these days that’s important for every US company. So it’s hard to know if it’s too high and if so, how much it’s overvalued. It probably is, but maybe not as much as the metric indicates.

[Schulz2.0 29012]

Looks like everything got hammered in the post market.

[bluto 4943]

Looks like everything got hammered in the post market.

24k even on dow futures currently


Sent from my iPhone using Tapatalk

[Fudge Nuggets 19227]

/ES is 2,865 so it's not like we're crashing or anything... yet.

[Aqua Buddha 14624]

J Crew declaring bankruptcy.  (No surprise.)  

Basic white women across America are gonna cry.

[Anastasis 23489]

1 hour ago, Schulz2.0 said:

Looks like everything got hammered in the post market.

guess who sneaked in a couple percent redistribution on their 401k in the last few seconds before close. 

[Anastasis 23489]

will do the same tomorrow though. 

[babysdaddy 2728]

Methinks the market is just starting to roll over and, ultimately, we go to 1700-1800.  Am positioned in CV stocks and added to my SOXS position in the 8's.  Stocks closed out April with their best month since 1987.  Stop the madness.

Was wondering when you’d come back.

[closetohumping 17476]

This is a fuck

[52-80 19262]

54 minutes ago, closetohumping said:

This is a fuck

a semblance of normalcy

[Storm the Field 5302]

1 hour ago, closetohumping said:

This is a fuck

Tariff Man has emerged from quarantine. /nocr.

[Hefeweizen 5334]

Lol I guess congress went short the market?  Never fear, brrrr money machine will be back next week.

[Anastasis 23489]

LOL Elon.