Jump to content

Recommended Posts

Posted
3 hours ago, Fudge Nuggets said:

Every stock I own has been red each of the last two days.

EVERY... FUCKING... ONE.

that's why you need to buy options - those will take you from red to a deep red/purple at least twice as fast

  • Hook 'Em 1
Posted

Last-ditch negotiations at the US Congress to forge another stimulus package for the coronavirus-ravaged economy have collapsed in stalemate.

Democrats and Republicans remain at odds over everything from unemployment benefits to financial aid for schools to cash injections for states' coffers.

The US unemployment rate stands at 10.2%, higher than any level during the 2008 financial crisis.

Jobless benefits have expired, as has a federal moratorium on evictions.

 

 

 

 

 

 

Rug pull finally coming this week?

Posted (edited)

 

Calling all stats folks.  Is he correct about the percentage decline?  I think we all know we do not have a balanced recovery in the market.

 

Edited by BevoSwag
Posted
36 minutes ago, BevoSwag said:

 

Calling all stats folks.  Is he correct about the percentage decline?  I think we all know we do not have a balanced recovery in the market.

 

Using this link (https://www.slickcharts.com/sp500) and excel, the bottom 400 stocks seem to account for 30% of the weight of the S&P.

Posted

Congress can't agree on a recovery package.

The Prez's actions likely not going to pass legal muster

China and US fighting / escalating 

 

Market:

janelle monae idgaf GIF

  • Hook 'Em 2
  • Like 1
  • Haha 1
Posted

Academically speaking, how are these stocks continuing to increase in value? Is it solely coming from BRRRRRT now? Consumer spending is shrinking like crazy, enterprise/business spending is either frozen at current levels or falling, and GDP shrunk by a third last quarter.

Is it really that current stock values are solely being pinned by the efforts of the fed? Because if so, that golden goose is gonna run outta eggs eventually. JPow can't just keep buying up corporate bonds because then it's just state-sponsored capitalism, not actual free market capitalism.

Posted

Former McDonald's CEO getting sued for his $40M severance package.  Was playing around with three different employees and gave one a large block of stock grants.  All of this was on his company phone that he was using to send noodz.

Does anyone know how to be discreet anymore?  Don't ever merge your work and personal phone and always pay with cash.

  • Hook 'Em 1
Posted

I don’t think it’s just the fed. The well off are doing fine through COVID (so far), just chilling and working from home. But they’re not out taking vacations, buying cars or big ticket items, etc. Gotta do someone with all that money piling up. Interest rates are garbage so no point in saving. Hence, buy equities.

  • Like 1
Posted
11 minutes ago, Aqua Buddha said:

Former McDonald's CEO getting sued for his $40M severance package.  Was playing around with three different employees and gave one a large block of stock grants.  All of this was on his company phone that he was using to send noodz.

Does anyone know how to be discreet anymore?  Don't ever merge your work and personal phone and always pay with cash.

hqdefault.jpg

  • Hook 'Em 5
  • Like 1
  • Haha 2
Posted
16 minutes ago, tokamak said:

I don’t think it’s just the fed. The well off are doing fine through COVID (so far), just chilling and working from home. But they’re not out taking vacations, buying cars or big ticket items, etc. Gotta do someone with all that money piling up. Interest rates are garbage so no point in saving. Hence, buy equities.

I get the market-side of that, but that's driving the underlying value in the equities? Bank profits are down, business revenue is down (aggregate across the economy), consumer spending is down. Just because people pay more for something doesn't intrinsically make it worth more - that's why bubbles happen

Posted

 

 

24 minutes ago, tokamak said:

I don’t think it’s just the fed. The well off are doing fine through COVID (so far), just chilling and working from home. But they’re not out taking vacations, buying cars or big ticket items, etc. Gotta do someone with all that money piling up. Interest rates are garbage so no point in saving. Hence, buy equities.

 

TINA.

There is literally nothing else you can do with your money.

 

Posted (edited)
25 minutes ago, Captainant said:

I get the market-side of that, but that's driving the underlying value in the equities? Bank profits are down, business revenue is down (aggregate across the economy), consumer spending is down. Just because people pay more for something doesn't intrinsically make it worth more - that's why bubbles happen

No disagreement from me there. I think the price of stocks is pretty much divorced from any "underlying value" right now. Seems like most on this thread would agree. What's the old saying though - "the market can stay irrational longer than you can stay solvent" or something like that?

What's interesting is that it appears to me that the market right now will grab on to any sliver of positive news. Company X was expected to lose $2 bn this quarter, but only lost $1.6 bn? Buy Company X!!! I'm far from an expert on this shit but that feels like another classic bubble behavior to me.

Edited by tokamak
Posted
WORK has caught full blown AIDS, so even when there is a big market movement upward my total still goes down.

I gtfo’d when their earnings day valuation tanked and plan to stay out of it, esp when I saw them publicly bitch about msft
Posted
1 hour ago, BehoId, The Underminer! said:

WORK has caught full blown AIDS, so even when there is a big market movement upward my total still goes down.

I really hate Slack right now... 

Posted
18 minutes ago, Wally Fairway said:

I feel like dipping my toes back into buy SPY puts, someone talk me out of it.
"it's too soon", stocks still only going up ..... brrrrrrrrrrrrrrr machine just reloading

I've actually been thinking about moving some money back in, and the Do the Opposite of Tokamak (TM) strategy is basically guaranteed money. So my advice is to mortgage your house for puts.

Posted
51 minutes ago, tokamak said:

I've actually been thinking about moving some money back in, and the Do the Opposite of Tokamak (TM) strategy is basically guaranteed money. So my advice is to mortgage your house for puts.

This guy fucks.

Posted (edited)
8 minutes ago, B00M said:

Covid depressed shit like airlines, cruise lines and casinos up 10% today. Did I miss some vaccine news? 

I bought some puts on MGM a few weeks ago while I was drunk that expire this Friday , so that's probably it

Edited by Captainant
  • Hook 'Em 2
  • Like 3
  • Haha 2
Posted
52 minutes ago, B00M said:

Covid depressed shit like airlines, cruise lines and casinos up 10% today. Did I miss some vaccine news? 

Hope is a powerful drug. Airlines seemed to perk up because the number of airport security checks was released today and about 10X higher than the low point in March. Never mind that they are still 70% below where they were a year ago. 

https://www.barrons.com/articles/airline-stocks-are-taking-off-why-there-might-not-be-a-rough-landing-51597080242

Posted
1 hour ago, Captainant said:

I bought some puts on MGM a few weeks ago while I was drunk that expire this Friday , so that's probably it

MGM is fucking up my short calls.x

Posted

Sold some shit off today at close, gonna try to keep powder dry til school shutdowns panic the markets in a month or so then buy back in for the election pumping. That plan is gonna work PERFECTLY

  • Hook 'Em 1
  • Haha 1
Posted
13 hours ago, Captainant said:

I bought some puts on MGM a few weeks ago while I was drunk that expire this Friday , so that's probably it

There is nothing worse the realizing that I've bought options while drunk, and I'm sure it was a great idea when I pushed that "Place this Trade" button. YOLO

Posted
11 hours ago, bluto said:

Sold some shit off today at close, gonna try to keep powder dry til school shutdowns panic the markets in a month or so then buy back in for the election pumping. That plan is gonna work PERFECTLY

That sounds great. Which means the opposite will probably happen. Ferk.

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.



×
×
  • Create New...