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Markets still falling like whoa

Llano Estacado

By Llano Estacado
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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

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52-80

52-80 19147

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Posted

silver lining in the cloud... some buying at end of day (10pm = 4ET) to ramp up S&P futures and end + session to session. 

i think from all the fuckers buying puts and as theyre starting to expire, market makers buy back their futures hedges.  less downward pressure

 

image.thumb.png.d04bdef1f419c9afedbd83764c2ecb4a.png

 

 

 

remember last time covid scare was at its peak and market was bleeding and we was all cryin and then jpow blessed everyone with liquidity and in 8 months the market doubled?

 

well i dont think SPX will go to 8000 by next spring but a motherfucker can dream

 

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orangecat92

orangecat92 306

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Posted

Still sitting out since a really good day in late January.  Have missed out on 8.89% gains in Dow Jones so far.  I don't mind missing that amount.  Still think there is a bear coming.   

Inflation is real and is here for a solid 2 years, imo.

 I remember the Exxon station at Burnet and Anderson Lane, during the inflationary 70s, all of a sudden gas hit an incredibly high 39.9 cents.  Shocking! 

How soon can we expect the bear is the question.  I am thinking consumer demand for back to school shopping and driving etc. will keep pushing prices higher, and then by the time we have 4 or 5 inflationary months in a row, the bear will start to come out of hibernation.  Other than a quick appearance last year,  dude has been sleeping forever, it seems.  

 

 

 

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Coelenterate Fuccboi

Coelenterate Fuccboi 13089

Posted
Posted
4 hours ago, orangecat92 said:

Still sitting out since a really good day in late January.  Have missed out on 8.89% gains in Dow Jones so far.  I don't mind missing that amount.  Still think there is a bear coming.   

Inflation is real and is here for a solid 2 years, imo.

 I remember the Exxon station at Burnet and Anderson Lane, during the inflationary 70s, all of a sudden gas hit an incredibly high 39.9 cents.  Shocking! 

How soon can we expect the bear is the question.  I am thinking consumer demand for back to school shopping and driving etc. will keep pushing prices higher, and then by the time we have 4 or 5 inflationary months in a row, the bear will start to come out of hibernation.  Other than a quick appearance last year,  dude has been sleeping forever, it seems.  

 

 

 

Maybe CDs are more your style?

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orangecat92

orangecat92 306

Posted
Posted
5 hours ago, Coelenterate Fuccboi said:

Maybe CDs are more your style?

Not at all.  I enjoyed the huge run up in the 90s.  I remember sitting one morning holding a newspaper looking at the end of the year returns, and my Janus 20 mutual fund returned 73 %.   I knew it wouldn't last, but didn't anticipate the crash of early 2000s.  Stayed the course, did well, and finally turned some of that IRA money into additional years of service, buying my six years back from ERS in 2012.  That is what I call a guarantee good return.  I Have stuck with Janus the entire time, and this is the first actual call I have made, calling for a bear sometime this year.  I knew the Dow would come back strong after last year's COVID crash, but didn't have any money to deal.  I plan to be ready to deal this time.  

The question is how long can I wait.  I imagine one way to do it would be to buy on the dips, maybe once a month, and keep about 40% on the sidelines for the bear. 

Right now as I watch inflation hit pretty hard, I feel like the markets will feel the impact at some point this year.  Could easily be wrong.  

 

 

 

 

 

 

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Sbbruin

Sbbruin 21829

Posted
Posted
1 minute ago, orangecat92 said:

Not at all.  I enjoyed the huge run up in the 90s.  I remember sitting one morning holding a newspaper looking at the end of the year returns, and my Janus 20 mutual fund returned 73 %.   I knew it wouldn't last, but didn't anticipate the crash of early 2000s.  Stayed the course, did well, and finally turned some of that IRA money into additional years of service, buying my six years back from ERS in 2012.  That is what I call a guarantee good return.  I Have stuck with Janus the entire time, and this is the first actual call I have made, calling for a bear sometime this year.  I knew the Dow would come back strong after last year's COVID crash, but didn't have any money to deal.  I plan to be ready to deal this time.  

The question is how long can I wait.  I imagine one way to do it would be to buy on the dips, maybe once a month, and keep about 40% on the sidelines for the bear. 

Right now as I watch inflation hit pretty hard, I feel like the markets will feel the impact at some point this year.  Could easily be wrong.  

 

 

 

 

 

 

So the plan is to time the market?  Brilliant!  Why didn't I think of that?!

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SuperSport

SuperSport 1333

Posted
Posted
10 hours ago, orangecat92 said:

Still sitting out since a really good day in late January.  Have missed out on 8.89% gains in Dow Jones so far.  I don't mind missing that amount.  Still think there is a bear coming.

Inflation is real and is here for a solid 2 years, imo.

 I remember the Exxon station at Burnet and Anderson Lane, during the inflationary 70s, all of a sudden gas hit an incredibly high 39.9 cents.  Shocking!

How soon can we expect the bear is the question.  I am thinking consumer demand for back to school shopping and driving etc. will keep pushing prices higher, and then by the time we have 4 or 5 inflationary months in a row, the bear will start to come out of hibernation.  Other than a quick appearance last year,  dude has been sleeping forever, it seems.

its always sunny in philadelphia television GIF

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ChiTownDoc

ChiTownDoc 21143

Posted
Posted
2 hours ago, orangecat92 said:

Not at all.  I enjoyed the huge run up in the 90s.  I remember sitting one morning holding a newspaper looking at the end of the year returns, and my Janus 20 mutual fund returned 73 %.   I knew it wouldn't last, but didn't anticipate the crash of early 2000s.  Stayed the course, did well, and finally turned some of that IRA money into additional years of service, buying my six years back from ERS in 2012.  That is what I call a guarantee good return.  I Have stuck with Janus the entire time, and this is the first actual call I have made, calling for a bear sometime this year.  I knew the Dow would come back strong after last year's COVID crash, but didn't have any money to deal.  I plan to be ready to deal this time.  

The question is how long can I wait.  I imagine one way to do it would be to buy on the dips, maybe once a month, and keep about 40% on the sidelines for the bear. 

Right now as I watch inflation hit pretty hard, I feel like the markets will feel the impact at some point this year.  Could easily be wrong.  

 

 

 

 

 

 

Jesus.  Unless you need the money soon, what are you doing?  By the time there’s a pull back and you tell everyone ‘told you so’ you’ll be 25% behind.  Congrats you saved that 7-8%.  

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Blotto

Blotto 23488

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Posted
26 minutes ago, TonyTexas said:

Quite ironic that Dave Portnoy is going to be a face of a online trading platform whose mission is to ensure that traders don’t get bamboozled. That guy is clueless. 

 

Dont confuse the online "clueless" Portnoy persona with the bigger picture of Dave making money. The dude makes a shitload more money marketing that persona and growing the barstool brand than he loses with his stupid day trader schtick. He's kind of  a douche, but he has the making money part down solid. 

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52-80

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11 minutes ago, Blotto said:

Dont confuse the online "clueless" Portnoy persona with the bigger picture of Dave making money. The dude makes a shitload more money marketing that persona and growing the barstool brand than he loses with his stupid day trader schtick. He's kind of  a douche, but he has the making money part down solid. 

he also cosponsored the etf BUZZ.  not sure what the financial arrangements are, but its collecting 75bps so even if he gets a small chunk of that it aint chump change

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TonyTexas

TonyTexas 10506

Posted
Posted (edited)
1 hour ago, Blotto said:

Dont confuse the online "clueless" Portnoy persona with the bigger picture of Dave making money. The dude makes a shitload more money marketing that persona and growing the barstool brand than he loses with his stupid day trader schtick. He's kind of  a douche, but he has the making money part down solid. 

No doubt he’s done well with his shameless self-promotion.  But being the face of a brokerage firm that’s espousing integrity is a bad look. He’s definitely guilty of front running. He trades purely on emotion. He doesn’t know how to analyze fundamentally or technically. He often gets in stocks that he doesn’t even. know their name or what they do. It drives me nuts to see him portrayed in the financial media as some sort of expert. 100% of the posters here have more expertise. He’s just a gambler and a bad one at that. 
 

Don’t even get me started on Arod’s trustworthiness. 

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ChiTownDoc

ChiTownDoc 21143

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Posted
26 minutes ago, TonyTexas said:

No doubt he’s done well with his shameless self-promotion.  But being the face of a brokerage firm that’s espousing integrity is a bad look. He’s definitely guilty of front running. He trades purely on emotion. He doesn’t know how to analyze fundamentally or technically. He often gets in stocks that he doesn’t even. know their name or what they do. It drives me nuts to see him portrayed in the financial media as some sort of expert. 100% of the posters here have more expertise. He’s just a gambler and a bad one at that. 
 

Don’t even get me started on Arod’s trustworthiness. 

Who portrays him as an expert in the financial media?  Every time I’ve seen him on, the panel is half giggling as he babbles.  
 

Not saying it hasn’t happened but I’d love to know who to laugh at.  

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TonyTexas

TonyTexas 10506

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Posted (edited)
28 minutes ago, ChiTownDoc said:

Who portrays him as an expert in the financial media?  Every time I’ve seen him on, the panel is half giggling as he babbles.  
 

Not saying it hasn’t happened but I’d love to know who to laugh at.  

He’s been on CNBC and Fox Business dozens of times, giving his opinion on various financial topics. Just being given opportunities to spout his nonsense on those platforms implies that he has some semblance of credibility and expertise. 

Edited by TonyTexas
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Blotto

Blotto 23488

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56 minutes ago, TonyTexas said:

No doubt he’s done well with his shameless self-promotion.  But being the face of a brokerage firm that’s espousing integrity is a bad look. He’s definitely guilty of front running. He trades purely on emotion. He doesn’t know how to analyze fundamentally or technically. He often gets in stocks that he doesn’t even. know their name or what they do. It drives me nuts to see him portrayed in the financial media as some sort of expert. 100% of the posters here have more expertise. He’s just a gambler and a bad one at that. 
 

Don’t even get me started on Arod’s trustworthiness. 

He's in the entertaiment game as a vehicle to the making money game. He commands  a lot of eyeballs, has a huge following, and uses that fact to consistently make money. Whatever he makes/loses in the davey day trader persona is secondary to the money he makes due to his ownership in Barstool. Penn Media bought  35% interest in Barstool for $186 million last year and a lot of that was in preferred stock. PENN has tripled since then and a lot of that was due to Portnoy's work promoting their sportsbooks. 

I agree with your comments on his trading "chops", but for him success is measured if more people hear about Portnoy/Barstool than they did the day before. that has been the case since he started the company. Don't confuse how other people see Portnoy, with how he sees "Portnoy". He's not as clueless as he appears when he hams it up on TV/streams.

 

Regarding the front running, I'd be curious what your complaint is there? That term is used in a couple of different ways. Does he take positions in stocks before he hypes them? Probably. Does Wall Street do the same thing? I'm guessing so. I'd be far more hesitant to do business/invest with a-rod. That dude is a flat out weirdo. 

 

 

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Hank_Hill

Hank_Hill 18791

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17 minutes ago, TonyTexas said:

He’s been on CNBC and Fox Business dozens of times, giving his opinion on various financial topics. Just being given opportunities to spout his nonsense on those platforms implies that he has some semblance of credibility and expertise. 

Lol since fucking when?

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ChiTownDoc

ChiTownDoc 21143

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Yeah having him on as a circus animal doesn’t mean he’s credible.  They want eye balls.  Shocker 

Cramer was truly ahead of his time when he had that massive cokehead dykstra on making picks.  They should have had a giant mound of blow right there in front of his ass.  

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OneOfTheOutOfFocusGuys

OneOfTheOutOfFocusGuys 2061

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Had a bunch of Slack (WORK), now have a bunch of Salesforce (CRM) based on the acquisition.  It just closed.  It was announced I would get $26.79 for each share of WORK, which I got, and .0776 CRM, which I didn't get.  I actually got .075.  Anyone know why the discrepancy?  Not a big difference, but just want to know what is happening behind the scenes that a couple shares disappeared.

 

https://investor.salesforce.com/press-releases/press-release-details/2020/Salesforce-Signs-Definitive-Agreement-to-Acquire-Slack/default.aspx

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Cheeseweasel

Cheeseweasel 26438

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58 minutes ago, OneOfTheOutOfFocusGuys said:

Had a bunch of Slack (WORK), now have a bunch of Salesforce (CRM) based on the acquisition.  It just closed.  It was announced I would get $26.79 for each share of WORK, which I got, and .0776 CRM, which I didn't get.  I actually got .075.  Anyone know why the discrepancy?  Not a big difference, but just want to know what is happening behind the scenes that a couple shares disappeared.

 

https://investor.salesforce.com/press-releases/press-release-details/2020/Salesforce-Signs-Definitive-Agreement-to-Acquire-Slack/default.aspx

Rounding error in the Excel spreadsheet they used. Happens all the time.

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