Markets still falling like whoa

[fattyflattie 4,639]

5 hours ago, Humble Beast said:

Pretty great (terrible) thread. 
 

Some good ones, but my favorite is the wife that just did one trade on her own in a year.
 

 

Made $700k. She should’ve stuck with it! She has talent. 

These motherfuckers need to be booted from office, and their trading needs to be greatly diminished.  If you can’t find serving the country worth it financially, become a trader then.  

[ChiTownDoc 21,154]

On 9/17/2022 at 5:50 PM, fattyflattie said:

These motherfuckers need to be booted from office, and their trading needs to be greatly diminished.  If you can’t find serving the country worth it financially, become a trader then.  

Interesting, a fan of capital punishment…

Edited September 19, 2022 by ChiTownDoc

[Guest]

I say let them trade, but they have to file a disclosure that's disseminated the moment the trade is executed. I could use some easy winners to tag along with.

[fattyflattie 4,639]

13 minutes ago, ChiTownDoc said:

Interesting, a fan of capital punishment…

I don’t think I’ve ever been accused otherwise.  Actually, I’ve got a few posters that remind me punitive acts don’t work, etc etc about 50% of the time I mention it. 

[ChiTownDoc 21,154]

1 hour ago, fattyflattie said:

I don’t think I’ve ever been accused otherwise.  Actually, I’ve got a few posters that remind me punitive acts don’t work, etc etc about 50% of the time I mention it. 

Was sarcastic, ha.  I say force them to day trade.  

[52-80 19,178]

 

[Incredulity 11,675]

 

[Party_Taco 3,742]

 

Had a (former) buddy who left the company we co-founded to bounce to Amazon for a ton of stock then later went this route.

Heard he’s back on the market looking for a gig…

[Guest]

Place your market post Fed announcement bets here.

I say a spike up >+1%, followed by a reversal and a 2% drop on the day. 

[Incredulity 11,675]

1 hour ago, FirstTimeCaller said:

Place your market post Fed announcement bets here.

I say a spike up >+1%, followed by a reversal and a 2% drop on the day. 

Was the plus this AM wishing for Powell to say, "just kidding"?

 

Bizarre reaction to a completely foreshadowed action.

[Humble Beast 258]

 

[Incredulity 11,675]

rockets back to green on the day

[Blotto 23,559]

We've basically turned over the market to computers and algorithms. nothing is crazy and nothing makes sense. It just do it what it do. 

[Incredulity 11,675]

Yuck

[Guest]

Just the fact that 3-4% Fed Funds Rate seems to mean doom to the U.S. economy seems silly to me. Now 13-14%? 30-40%? Yeah, I can see that. 

Honestly my bigger worry is national debt and political turmoil than 8% inflation and 3-4% interest rates. 

[52-80 19,178]

not the absolute rate, buts its the relative growth of the rate that affects the ("risk free") discount term that fucks up all the valuation models

[crash_davis 23,113]

2 hours ago, Blotto said:

We've basically turned over the market to computers and algorithms. nothing is crazy and nothing makes sense. It just do it what it do. 

It's been this way for a long time. No sense fighting it. It's in everyone's long term best interest for the market to grow, not decline. That's why I'm not worried about temporary dips.

We thought the world was going to end with the early 2000s tech crash, and then again in the 2008 junk mortgage crash. We'll again reach new highs in 2 years.

[Incredulity 11,675]

 

[Tailgate 3,022]

Stay long and strong on the companies you know are great.

[Sam Lin 3,559]

Like ALPP (Alpo)

[Wally Fairway 5,562]

2 hours ago, Sam Lin said:

Like ALPP (Alpo)

You spelled IBRX wrong

[Hefeweizen 5,328]

  I am back in IBRX but gone from ALPP and AMYZF.  I enjoyed the game but I see no signs that I’ll ever see those two grow.   
 

But right now any stock is probably looking like dogshit because of overall trends and cost of borrowing.

 

Edited September 22, 2022 by Hefeweizen

[Parliament 14,261]

So how bad's it gonna be today?

[Cheeseweasel 26,438]

39 minutes ago, Parliament said:

So how bad's it gonna be today?

[Shaggy3.0 1,695]

21 hours ago, Blotto said:

We've basically turned over the market to computers and algorithms. nothing is crazy and nothing makes sense. It just do it what it do. 

So we're in a simulation.

 

[Guest]

Inflation is stupid. 

[52-80 19,178]

12 hours ago, FirstTimeCaller said:

Inflation is stupid. 

I find it rather shallow and pedantic

 

[Incredulity 11,675]

 

All due credit to whomever said this a couple meltdowns ago.

 

"I didn't like that money anyway"

 

FUUUUCK

[Capt. Squints 176]

"Inflation is transitory"  The cocksucker should have acted sooner.

[fattyflattie 4,639]

1 hour ago, Capt. Squints said:

"Inflation is transitory"  The cocksucker should have acted sooner.

And deal with political consequences of that?  Lol 

[Incredulity 11,675]

we break through 3600 watch out.

this is fuck.

 

[Make em eat Taco Bell 1,549]

On 9/21/2022 at 3:24 PM, FirstTimeCaller said:

Just the fact that 3-4% Fed Funds Rate seems to mean doom to the U.S. economy seems silly to me. Now 13-14%? 30-40%? Yeah, I can see that. 

Honestly my bigger worry is national debt and political turmoil than 8% inflation and 3-4% interest rates. 

national debt has been in the trillions for decades and no effect.  Political turmoil peaked with Trump and the market was good.   Inflation is much more than 8%, closer to 25% , declining slightly due to gas down, but clearly not what economists state.  What do people buy regularly -- groceries and household items -- all of that is up closer to 50% no doubt -- butter, cooking oil etc.   .  Housing, vehicles up massive.  Who are the clowns saying 8%? 

[wild_turkey 3,167]

It seems like every other week they put stocks on sale. I keep buying VTI but then there’s a better sale later. When does it end?

[Capt. Squints 176]

31 minutes ago, fattyflattie said:

And deal with political consequences of that?  Lol 

Yeah, that would have required a spine.

[Incredulity 11,675]

 

[Captainant 27,680]

6 minutes ago, Incredulity said:

 

completely unrelated but those DALLE-2 based image creation AI's are fucking nuts - that's a fucking magazine or book cover! Really neato image

[52-80 19,178]

Worst friday rally ever. 

[Parliament 14,261]

Does this mean Ann Margaret isn't coming?

[Cheeseweasel 26,438]

RIP, my friend:

 

[Anastasis 23,475]

Totally cool.  Totally normal. 

[52-80 19,178]

45 minutes ago, Cheeseweasel said:

RIP, my friend:

 

Hes going to have no hats when this all ends

[Not a cat 5,660]

6 minutes ago, 52-80 said:

Hes going to have no hats when this all ends

S-A-F-E-T-Y Dance.

[Guest]

First day during this thing where I've sensed some real panic from poking around online.

Even the 4% drop a few days ago felt like a temper tantrum. Now it seems to have turned into "we will never have anything nice every again."

[Fudge Nuggets 19,206]

Bought a little bit more of y'all's margin calls today.  Keep being bitch ass pussies.

[Incredulity 11,675]

18 minutes ago, Fudge Nuggets said:

Keep being bitch ass pussies.

[Fudge Nuggets 19,206]

[Incredulity 11,675]

[Trey3216 15,347]

11 hours ago, Not a cat said:

S-A-F-E-T-Y Dance.

You can dance if you wanna 

[Wally Fairway 5,562]

where are you on the investment rollercoaster?

[Parliament 14,261]

Pretty sure you posted the Aggy football rollercoaster there.  

In March of 2020 I bought a Dec 2022 S&P500 put with a 2200 strike price.  It's worth $0.67 cents now.  (I paid more than that for it.)  So if the market could fall far enough below 2200 that I could get my money back, that'd be great.