Markets still falling like whoa

[LTtxfan 48988]

27 minutes ago, Cheeseweasel said:

CPI @ 8.3%

Hold your butts.

 

[Parliament 14140]

The mix of content, levity and nihilism in the 6SJ is PERFECT.  The World has things to learn from you idiots.

[Wally Fairway 5526]

22 hours ago, BehoId, The Underminer! said:

got some sub $400 SPY

Sounds like you are playing a game of catch the falling knife 

Good luck

 

[Cheeseweasel 26437]

3 minutes ago, Wally Fairway said:

Sounds like you are playing a game of catch the falling knife 

Good luck

 

May I interest you in the STONKS thread?

[BehoId, The Underminer! 11668]

13 hours ago, Sam Lin said:

At least you don't own UPST, down 56% after earnings call.

i bought some in march.   i did a double take when i looked at the number.  it was red -52% or something when i looked.  i had to stare at it for a while to understand what that meant.

[bluto 4895]

11 minutes ago, BehoId, The Underminer! said:

i bought some in march.   i did a double take when i looked at the number.  it was red -52% or something when i looked.  i had to stare at it for a while to understand what that meant.

-52%…. You should hold a webinar for us surly investors. 

[BehoId, The Underminer! 11668]

13 minutes ago, bluto said:

-52%…. You should hold a webinar for us surly investors. 

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

[Cheeseweasel 26437]

9 minutes ago, BehoId, The Underminer! said:

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

How else are you going to GET TO THE MOON?

[Wally Fairway 5526]

47 minutes ago, Cheeseweasel said:

May I interest you in the STONKS thread?

NO, and I mean hell no

[0xdeadbeef 1627]

I suck as an investor, but I got lucky. As part of a buy-a-new-house-before-selling-old-house real estate transaction, I pulled a lot of money out of the market last August.  It was January by the time the dust settled and I had the money back in my trading account. By then, things were starting to slide so I stayed out.   

I've been out of the market for almost nine months and sitting on the sideline waiting to hop back in for four and a half months and it's making me nervous, but I have no F-ing idea where to invest right now.  The investing websites are all over the map from Gold to REITs to just put it in the S&P 500 and wait a long time.  Sigh. First world problem.

[washparkhorn 9935]

"The crash has laid bare many unpleasant truths about the United States.  One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government.  

This is the contempt in which they hold the majority of American people and the political process: the common people are easily led fools, and everyone else who is smart enough to know better has their price. And they would beggar every middle class voter in the US before they will voluntarily give up one dime of their ill gotten gains."

Simon Johnson, The Quiet Coup, 2009.  

[Cheeseweasel 26437]

14 minutes ago, 0xdeadbeef said:

but I have no F-ing idea where to invest right now. 

Serious answer: FSKAX.

Set it and forget it.

[babysdaddy 2718]

17 minutes ago, BehoId, The Underminer! said:

here is my legitimate webinar:  why don't i just buy indices from here on out.  if i'm a terminable dumbass -- which I would stipulate to -- why even try with individual stocks?

beta, which is all you get with index investing, is driven by the largest companies.  For example, in the S&P 500, the top 5 names make up 21.74% of the weighting whereas the bottom 495 make up 79%.  Those top 5 (apple, msft, amzn, google, and tesla) are all dependent on a functioning global economy and globalization and it's changing.  Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  

[Cheeseweasel 26437]

39 minutes ago, Wally Fairway said:

NO, and I mean hell no

[Trey3216 15325]

5 hours ago, Wally Fairway said:

NO, and I mean hell no

What's worse:  Cathie Wood's fund or the STONKS thread?  

[StruggleBus 3922]

[Bozo_Casanova 26298]

Unrealized losses are unrealized. Has anyone’s thesis changed?

[52-80 19098]

Go home, stocks, youre drunk

[Trey3216 15325]

14 minutes ago, Bozo_Casanova said:

Unrealized losses are unrealized. Has anyone’s thesis changed?

My thesis that we are in a recession and the market has been telling us that for a few months now??  No  

[52-80 19098]

5 hours ago, babysdaddy said:

beta, which is all you get with index investing, is driven by the largest companies.  For example, in the S&P 500, the top 5 names make up 21.74% of the weighting whereas the bottom 495 make up 79%.  Those top 5 (apple, msft, amzn, google, and tesla) are all dependent on a functioning global economy and globalization and it's changing.  Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  

The big-boy index (SPX) keeps good companies in and boots out shit company (mostly). By design, they are effectively a very emotionless, diverse, and stable fund…and you can have them for near-0 fees. 

Which is why they kick all the active managers’ ass. 

But some of us still like to pick individual stocks, because we like to kick ourselves in our own asses. 

[52-80 19098]

3 minutes ago, Trey3216 said:

My thesis that we are in a recession and the market has been telling us that for a few months now??  No  

Its just very rude nobody told us that in Jan at the exact top 😤😤😤

[Trey3216 15325]

1 minute ago, 52-80 said:

Its just very rude nobody told us that in Jan at the exact top 😤😤😤

Well, November actually (if you look at the QQQ's).  But who's counting anyway?  

[Cheeseweasel 26437]

33 minutes ago, Bozo_Casanova said:

Unrealized losses are unrealized. Has anyone’s thesis changed?

Nah. Still works. Just hurts to look at when they are this bad. 

[52-80 19098]

10 minutes ago, Cheeseweasel said:

Nah. Still works. Just hurts to look at when they are this bad. 

Gonna tell this to the wife 

[Cheeseweasel 26437]

1 minute ago, 52-80 said:

Gonna tell this to the wife 

She's used to smaller things.

[wild_turkey 3153]

Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.  

Sounds like something an investment banker or financial manager would say.

[babysdaddy 2718]

Just now, wild_turkey said:

 

Sounds like something an investment banker or financial manager would say.

 

[TonyTexas 10482]

6 hours ago, babysdaddy said:

Outperforming indexes should be possible now whereas since 2008 it has been damn near unachievable.

 

51 minutes ago, wild_turkey said:

Sounds like something an investment banker or financial manager would say.

I used to be a stockbroker way back when and pretty much ran my clients portfolio. Then it went to recommending managers. Now it it a broker who places money with managers who, in turn, invest in other managed funds. Each entity taking a fee along the way. I don’t see how you beat the indexes with that overhead. 

[babysdaddy 2718]

Tide is about to go out. Returns will be less going forward than historically available. Real growth on blended portfolios will be sub 5%, before fees. People won’t allow 20-50% of their return to be taken each year in management fees

[Vegas64 665]

As someone with no money in markets and no dog in this fight, I just ate a sandwich:

 

[fattyflattie 4636]

1 hour ago, Vegas64 said:

As someone with no money in markets

Give it another few weeks and I think I can join you.  Of course I had a lot of money in them not long ago.  fuckity fuck. 

[Cheeseweasel 26437]

11 hours ago, babysdaddy said:

Tide is about to go out. Returns will be less going forward than historically available. Real growth on blended portfolios will be sub 5%, before fees. People won’t allow 20-50% of their return to be taken each year in management fees

[UTGrad98 2259]

Of all the days for my boss to fly in and a new study trial team to fly in...I would have taken the entire day off to stare at the markets today. God has a cruel sense of humor in my simulation. This day could be crazy. 

[Parliament 14140]

Guys look on the bright side.  All of the poors are getting lower real (inflation-adjusted) wages.  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%.  Just at a lower level.  We are still better.

[nineliveslost 2710]

15 minutes ago, Parliament said:

  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%. 

I am not the 1% but i would love to just be losing 100s of dollars. The market has been ass raping me for the last 9 months with a 20% drop in my portfolio. 100s of thousands FML

[Parliament 14140]

That's the joke.

[workswithseed 2037]

36 minutes ago, Parliament said:

Guys look on the bright side.  All of the poors are getting lower real (inflation-adjusted) wages.  Sure, we here are losing hundreds of dollars of investment wealth, but we're still Surly 1%.  Just at a lower level.  We are still better.

[Muny_Tex 292]

Nasdaq still has over 30% of room to free-fall before reaching the Covid bottom; and damn near 50% before reaching the Jan 2017 ranges

[bluto 4895]

Was pretty heavy energy the last couple mos “oil gas prices this high, Russia f up, and continued strangle on supply issues globally, that should be a safe haven to the carnage. And share prices aren’t way above pre covid high either”

 

fml

[52-80 19098]

My wifes returns are destroying mine. Shes in all cash except employer stock in energy, bought near the bottom. 
 

[Parliament 14140]

Don't give her a reason to dump you.

[52-80 19098]

3 minutes ago, Parliament said:

Don't give her a reason to dump you.

I advised her to buy into the plan…

…(after thoroughly dumping all my shares)

[BehoId, The Underminer! 11668]

1 hour ago, 52-80 said:

Shes in all cash except employer stock in energy

[Fudge Nuggets 19151]

3 hours ago, bluto said:

And share prices aren’t way above pre covid high either”

 

fml

CVX Dec 2019, $120.  Today, $160.

XOM Dec 2019 $70.  Today $85.

SLB Dec 2019 $40.  Today $38.

HAL Dec 2019 $25.  Today $34.

[StruggleBus 3922]

[phdhorn 6224]

You know things are shit when you have a "good day" with the Dow "only" losing < 200 pts.

And like ninelives, shit, I would kill my grandmother for only a few hundreds $ lost the last 4 months.  This is relevant and you oldies will understand it:

Edited May 12, 2022 by phdhorn

[Incredulity 11561]

Yea 

[52-80 19098]

if you bought Big Tobacco even before the Covid Crash, you would have never seen a drawdown (practically), you would have collected a fat dividend, and by now the price have even appreciated.

 

now who's got a time machine?

[workswithseed 2037]

10 hours ago, Parliament said:

Don't give her a reason to dump you.

Dump a load in her to really get the last laugh for 18 years when you win child custody. 

[B00M 6280]

40 minutes ago, workswithseed said:

Dump a load in her to really get the last laugh for 18 years when you win child custody. 

Edited May 13, 2022 by B00M
You're being weird stahp