Jump to content

Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

 Share

Recommended Posts

  • Replies 15.5k
  • Created
  • Last Reply

Top Posters In This Topic

Popular Days

Top Posters In This Topic

Popular Days

Popular Posts

Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

Posted Images

Hefeweizen

Hefeweizen 5444

Posted
Posted
2 minutes ago, Fudge Nuggets said:

It can paper over your SOXS bloodbath.

Nothing can paper over my losses on that and HIBS.  Proper ass fucking.  Luckily my main account is sitting there in 90 percent cash right now even with the start of the year.  Fuck 2020, I am done with this shit.

Link to comment
Share on other sites
Harrison Stafford

Harrison Stafford 3392

Posted
Posted
21 minutes ago, Fudge Nuggets said:

It can paper over your SOXS bloodbath.

No joke.  My avg. is $22.81 and SOXS closed today at $4.68.  At this point, I don't dare sell because the market's more likely to make a move down than up ......I think.  Of course, I've thought that since the Dow was at 22,000.  ALT has bailed my ass out and then some.

Link to comment
Share on other sites
Fudge Nuggets

Fudge Nuggets 19454

Posted
Posted

Looks like the other indices are starting to play catch up to the NASDAQ.  So far every day this week the NASDAQ has been the laggard between it, the Dow, the S&P 500 and the Russell.

Don't know if this means we're about to finally correct or this is just some consolidation ahead of the next NASDAQ parabolic move.  I'm thinking the latter because brrrrrrrrrrrrrrrrrrrttttt.

 

Link to comment
Share on other sites
Reagan1k

Reagan1k 3042

Posted
Posted
31 minutes ago, Fudge Nuggets said:

Looks like the other indices are starting to play catch up to the NASDAQ.  So far every day this week the NASDAQ has been the laggard between it, the Dow, the S&P 500 and the Russell.

Don't know if this means we're about to finally correct or this is just some consolidation ahead of the next NASDAQ parabolic move.  I'm thinking the latter because brrrrrrrrrrrrrrrrrrrttttt.

 

Value has lagged Growth in a dramatic fashion during this market rebound and I have to wonder if there will be a catch-up phase coming right now with a rotation amid profit taking.

The divergence of value stalwarts like VEIPX and VYM from growth funds like FBGRX is striking.

Long term I don't really care as things will balance out but in the short term it can be difficult to watch value assets under-perform while the market hums.  

  • Like 1
Link to comment
Share on other sites
52-80

52-80 19377

Posted
Posted
50 minutes ago, Fudge Nuggets said:

Looks like the other indices are starting to play catch up to the NASDAQ.  So far every day this week the NASDAQ has been the laggard between it, the Dow, the S&P 500 and the Russell.

Don't know if this means we're about to finally correct or this is just some consolidation ahead of the next NASDAQ parabolic move.  I'm thinking the latter because brrrrrrrrrrrrrrrrrrrttttt.

 

pairs trade like brrr?

Link to comment
Share on other sites
Anastasis

Anastasis 23717

Posted
Posted

I'm about to have to take the loss like a pussy. If this market is going to run based on just a piece of MRNA phase I results, they will be able to trickle out that sort of stuff for the next 3 months and keep goosing it.  The influx of cash into everything, GS printing money. Fuck it, reality based thinking put me on the wrong side of this train. 

So...expect a major correction after I dial down the shorting.  

Link to comment
Share on other sites
Wally Fairway

Wally Fairway 5674

Posted
Posted
19 minutes ago, Anastasis said:

I'm about to have to take the loss like a pussy. If this market is going to run based on just a piece of MRNA phase I results, they will be able to trickle out that sort of stuff for the next 3 months and keep goosing it.  The influx of cash into everything, GS printing money. Fuck it, reality based thinking put me on the wrong side of this train. 

So...expect a major correction after I dial down the shorting.  

Over? Did you say over?
Was it over when the Germans bombed Pearl Harbor?  Hell, no...
Nothing is over until we decide it is!
It isn't over now? Because when the going gets tough, the tough get going
What the fuck happened to the Surly I used to know? Where is the spirit, where are the guts?
This could be one of the greatest markets in your life, but you're gonna let it be the worst 
"Ooh, we're afraid to stick with it Wally, we might lose some money."
Well kiss my ass from now on!
 NOT ME! I'm not going to take it 
Powell is a dead man, Mnuchin dead, Cramer dead

Campcle 90s GIF - Campcle 90s Whiskey - Discover & Share GIFs

 

I meant I've got today and tomorrow for my 7/17 DIS $110 puts to come through

  • Like 4
  • Haha 1
Link to comment
Share on other sites
tokamak

tokamak 6687

Posted
Posted
46 minutes ago, Anastasis said:

I'm about to have to take the loss like a pussy. If this market is going to run based on just a piece of MRNA phase I results, they will be able to trickle out that sort of stuff for the next 3 months and keep goosing it.  The influx of cash into everything, GS printing money. Fuck it, reality based thinking put me on the wrong side of this train. 

So...expect a major correction after I dial down the shorting.  

Good point. There's like 80 groups worldwide working on vaccines. Every time one reports that their candidate is less toxic than cyanide in a study of n=4 mice, we're going to get a +2% pop in the market.

  • Like 2
Link to comment
Share on other sites
Rusty Shackelford

Rusty Shackelford 414

Posted
Posted
19 hours ago, Trey3216 said:

Just bought 50 VXX $35 strike weeklies for .78.   Also bought 10 for next Friday at 1.60.   

Probably doesn't matter much if you're playing weeklies, but have you looked at the term structure lately?

http://vixcentral.com/

Looks like the market is betting on things going to shit in October (Q3 earnings for the banks perhaps?)

 

Link to comment
Share on other sites
Baconboy

Baconboy 143

Posted
Posted
2 hours ago, Reagan1k said:

Value has lagged Growth in a dramatic fashion during this market rebound and I have to wonder if there will be a catch-up phase coming right now with a rotation amid profit taking.

The divergence of value stalwarts like VEIPX and VYM from growth funds like FBGRX is striking.

Long term I don't really care as things will balance out but in the short term it can be difficult to watch value assets under-perform while the market hums.  

I've been thinking about this lately as well. Grew frustrated and shifted some positions from value back to growth a little over a month ago, but am trying to decide when to shift back. Are you going to make your move now? 

Link to comment
Share on other sites
Michael Knight

Michael Knight 13217

Posted
Posted
Quote

 

The economy is tanking across the country, with layoffs and bankruptcies as far as the eye can see. But the richest sliver of the country continues to do quite well, thank you.

The latest evidence came Wednesday morning, as Goldman Sachs, the bluest of blue chip banks, said it's raking in money on Wall Street.

While other banks are warning about rising loan losses during the recession, Goldman, which tends to serve a higher-end clientele, is sounding a pretty optimistic note.

In fact, Goldman says it actually did better than expected, bringing in revenue of $13.3 billion, up 41% from a year ago — and its second-highest quarterly revenues ever.

It benefited from a record surge in trading of stocks and bonds, as well as profits from investment banking fees.

 

animation GIF by Cheezburger

https://www.npr.org/sections/coronavirus-live-updates/2020/07/15/891318651/its-nice-to-be-rich-big-banks-are-raking-in-profits-in-the-stock-market

  • Like 1
Link to comment
Share on other sites
Reagan1k

Reagan1k 3042

Posted
Posted

At may age, I don't have the luxury of trying to time things and have never done it successfully anyway.  Took years, but I think I have finally had that instinct bludgeoned out of me.

I guess I'm content to stand pat and take the returns my allocation and the market gives me.  The most important financial move I've made in the last 5-10 years was to do nothing early this spring, not even look at my accounts, and trust my allocation to work over the long run.  My best thinking would have been to get out and try to catch a bottom which my experience shows me I would have certainly missed and then would have compounded mistake after mistake trying to get back to even.

  • Like 1
Link to comment
Share on other sites
UT_OB1

UT_OB1 2266

Posted
Posted
On 6/25/2020 at 9:30 AM, UT_OB1 said:

I meant to do it Monday and of course didn’t, but I just moved 1/3 of my 401K in to cash this morning. So I expect record gains over the next 4 weeks. You’re all welcome. 

And for my next act, I think I will cash out my 401k and buy scratch off tickets. 

Link to comment
Share on other sites
Trey3216

Trey3216 15452

Posted
Posted
22 minutes ago, Superhero said:

AMZN up almost 8% today. Hoping they do a split so more people can get in on the action.

Can’t have all the poors and rubes that use them daily for buying shitty fake products from China being able to have a modicum of impact on their stonk price.   Won’t happen 

  • Like 1
Link to comment
Share on other sites
LTtxfan

LTtxfan 49998

Posted
Posted (edited)
5 hours ago, Superhero said:

AMZN up almost 8% today. Hoping they do a split so more people can get in on the action.

Lots of brokerage firms offering fractional shares, so buying AMZN is much easier...

Also other places offering fractional shares...

https://thecollegeinvestor.com/20432/buy-fractional-shares-invest/#:~:text= Where Can You Invest Fractional Shares ,commission-free brokers that allows app-based investing. More

Edited by LTtxfan
  • Like 2
Link to comment
Share on other sites
Cheeseweasel

Cheeseweasel 26439

Posted
Posted
15 hours ago, Aqua Buddha said:

Saw something where that with AMZN’s big run up this year, Mackenzie Bezos is now the 12th richest person in the world.

Whatever strange Jeff was getting, I can't imagine it was worth billions. I would have funneled the money to Elon Musk to develop a sex robot that didn't require alimony. 

  • Like 1
Link to comment
Share on other sites
Blotto

Blotto 24015

Posted
Posted
1 minute ago, Cheeseweasel said:

Whatever strange Jeff was getting, I can't imagine it was worth billions. I would have funneled the money to Elon Musk to develop a sex robot that didn't require alimony. 

Dude made $18 billion dollars the other DAY. Probably got himself a "no ragrets" tattoo to celebrate. 

  • Like 2
Link to comment
Share on other sites
Wally Fairway

Wally Fairway 5674

Posted
Posted

Marketwatch has an article, using a tweet from Will Hershey, pointing out BRK.A/BRK.B have lost $90 billion in market cap this year (only big banks have lost more).
Which, as they point out in the article, is amazing since the biggest stock holding that Buffett has is AAPL, so the rest of his investments and controlled entities have lost even more.

https://www.marketwatch.com/story/buffetts-berkshire-hathaway-has-lost-more-market-value-in-2020-than-all-but-4-publicly-traded-us-companies-2020-07-20?mod=home-page

MW-IK805_chart__20200720131202_NS.jpg?uuid=2117850c-caac-11ea-983a-9c8e992d421e

Is this the death knells of the investing/marketing wizard of Omaha, or is this just the sleeping bear waiting for the market correction to put all his capital back to work?

Link to comment
Share on other sites
Blotto

Blotto 24015

Posted
Posted
8 minutes ago, Wally Fairway said:

Marketwatch has an article, using a tweet from Will Hershey, pointing out BRK.A/BRK.B have lost $90 billion in market cap this year (only big banks have lost more).
Which, as they point out in the article, is amazing since the biggest stock holding that Buffett has is AAPL, so the rest of his investments and controlled entities have lost even more.

https://www.marketwatch.com/story/buffetts-berkshire-hathaway-has-lost-more-market-value-in-2020-than-all-but-4-publicly-traded-us-companies-2020-07-20?mod=home-page

MW-IK805_chart__20200720131202_NS.jpg?uuid=2117850c-caac-11ea-983a-9c8e992d421e

Is this the death knells of the investing/marketing wizard of Omaha, or is this just the sleeping bear waiting for the market correction to put all his capital back to work?

At his age he is not going to radically rethink his investing approach, which is based on value. In a market obscenely overvalued with the major indexes driven by a handful of stocks that are way, way, way overvalued, he is going to struggle to keep up. There is just no way he will invest in companies like TSLA, NFLX, etc... But he is still making money and growing that cash pile

If there is a reckoning, I suspect he will fair better than the indexes. If you are looking to make money, it helps to 1.) have money, and 2.) have connections. Few people have access to more of either than Buffet. We are in the early innings of this thing but if shit goes haywire, he can name his terms. And if I recall correctly he did just fine exiting the 98 on 08 crashes. Or he may kick the bucket before the next correction.. Either way, I'd rather invest in BRK long term than TSLA. 

  • Hook 'Em 2
Link to comment
Share on other sites
Captainant

Captainant 28533

Posted
Posted
44 minutes ago, GRHorn said:

The biggest exit scam ever. 

I challenge you to justify the current market climates without using the word "stonks", because shit is violating basic principals of free markets right now. This is one hell of a bubble that is happening during the worst unemployment in modern history

Link to comment
Share on other sites
Hefeweizen

Hefeweizen 5444

Posted
Posted

Hear me out for a minute.  The housing market is currently doing much of the same.  What if the decoupling of the segments of the economy is close to complete?  In other words, the working class is essentially just there watching through the window?  Because everyone I know is making money, no one has lost their job (except my wife who lost her temp gig with AISD), and cars, housing, groceries, and stocks are all going up in price.  
 

At some point the bill comes due but who pays? If the brrrrrr machine doesn’t stop I guess our kids  and grandkids?  Maybe a little CR but seriously wondering if things just have changed permanently in the stonk market. 

  • Like 1
Link to comment
Share on other sites
Anastasis

Anastasis 23717

Posted
Posted
8 minutes ago, Hefeweizen said:

Hear me out for a minute.  The housing market is currently doing much of the same.  What if the decoupling of the segments of the economy is close to complete?  In other words, the working class is essentially just there watching through the window?  Because everyone I know is making money, no one has lost their job (except my wife who lost her temp gig with AISD), and cars, housing, groceries, and stocks are all going up in price.  
 

At some point the bill comes due but who pays? If the brrrrrr machine doesn’t stop I guess our kids  and grandkids?  Maybe a little CR but seriously wondering if things just have changed permanently in the stonk market. 

We bomb our way out of it. 

  • Like 3
Link to comment
Share on other sites
Incredulity

Incredulity 11876

Posted
Posted
11 minutes ago, Hefeweizen said:

Hear me out for a minute.  The housing market is currently doing much of the same.  What if the decoupling of the segments of the economy is close to complete?  In other words, the working class is essentially just there watching through the window?  Because everyone I know is making money, no one has lost their job (except my wife who lost her temp gig with AISD), and cars, housing, groceries, and stocks are all going up in price.  
 

At some point the bill comes due but who pays? If the brrrrrr machine doesn’t stop I guess our kids  and grandkids?  Maybe a little CR but seriously wondering if things just have changed permanently in the stonk market. 

TINA and MMT imo

Link to comment
Share on other sites
Dnaguy

Dnaguy 12627

Posted
Posted
1 hour ago, closetohumping said:

Brrtttt may be coming to a stop.  Yikes

According to who?

Jpow and the crews are talking no interest for the next 2 years and yield curve. 
That’s like perma-brrtttt for the foreseeable future.

The only thing that’s going to stop this party is China / China trade tensions. 
And the market also knows that Trump will ultimately do whatever is in his power to dilute, water-down, and rescind any action that might cause the market to dip as a result of China action. 

So here we are. 
Moral Hazard has become the law of the land.

Housing prices going up, tech stocks are now stonks, and we print ourselves out of this and every subsequent crisis will be met by printing cash.

It can’t fail. Literally, it can’t fail because if it did, we’d be living in that Kevin Costner film where Tom Petty is a tribal leader.... The Postman.

 

Link to comment
Share on other sites
B00M

B00M 6733

Posted
Posted
1 hour ago, Cheeseweasel said:

This. If history tells us anything, the way out of depressions/recessions is to crank up the War Machine. 

But our war machine has been cranked up for 80 years. I suspect anastasis was talking about defending our currency, a truly irresponsible reason to kill, but undoubtedly not the worst justification we've used. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
 Share
Go to topic listing


Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business and Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Subscribe!... Donate!... Advertise... COOKIE MONSTER!

×
×
  • Create New...