Markets still falling like whoa

[Cheeseweasel 26439]

5% down. It's Cinco De Portfolio!

[52-80 19379]

i got stopped out by barely a few ticks before the ride up yesterday, and got stopped out by barely a few ticks before the ride down today.  megasadface

[UTGrad98 2331]

For some divine unknown reason I changed my limit buy from SPY 405.00 to 405.80 (52 week low) back on Monday so I just caught this rally and rode it up the last 36 hours. Put in a stop loss at 424 yesterday and it hit during my morning meeting. Crazy market. I'll keep playing these swings I guess and if I screw up and it keeps falling at least I'm invested. Next buy is 400. Then 385. I'm fine with 2-3 percent gains in this choppy market. 

[Wally Fairway 5664]

easy come, easy go

[Sbbruin 22082]

Um, to whom can I direct my strongly worded letter?  My portfolio is disappearing faster than a twinkie at a Weight Watchers convention.  

Oh, and it has been quite enjoyable watching my son's 529 evaporate right when I need to start dipping into it.

[Blotto 23974]

The rally yesterday was a head scratcher to me. the Fed did what they told everyone they were going to do, but every single headwind to the economy/market remains in place. While illogical, I didnt expect the market to give it all back in 3 hours this morning, lulz.

[Trey3216 15450]

2 minutes ago, Sbbruin said:

Um, to whom can I direct my strongly worded letter?  My portfolio is disappearing faster than a twinkie at a Weight Watchers convention.  

Oh, and it has been quite enjoyable watching my son's 529 evaporate right when I need to start dipping into it.

You basically have to treat a 529 like a retiree portfolio once they are within 1-2 years of college.   May as well not use it at all now until his Jr/Sr year.  

[Parliament 14559]

13 minutes ago, Sbbruin said:

Oh, and it has been quite enjoyable watching my son's 529 evaporate right when I need to start dipping into it.

The World needs ditch-diggers too.

[Sbbruin 22082]

11 minutes ago, Trey3216 said:

You basically have to treat a 529 like a retiree portfolio once they are within 1-2 years of college.   May as well not use it at all now until his Jr/Sr year.  

I was thinking that.  Since he's going to a pricey school that his 529 won't cover, I'm thinking we pay cash for the first year or 2 and hope it recovers for yrs 3  and 4.

 

Of course, to do that, I need to liquidate some of my stonks.  So I guess 6 of one, as it were.

Edited May 5, 2022 by Sbbruin

[bluto 4980]

Bought qqq calls exp tomorrow at the -5% mark today … maybe I’m a gambler, maybe I’m an idiot, maybe go f yourself 

[Wally Fairway 5664]

33 minutes ago, Sbbruin said:

I was thinking that.  Since he's going to a pricey school that his 529 won't cover, I'm thinking we pay cash for the first year or 2 and hope it recovers for yrs 3  and 4.

 

Of course, to do that, I need to liquidate some of my stonks.  So I guess 6 of one, as it were.

Maybe you should sit him down and talk to him about a "gap" year.
Also, pricy school - congrats on him getting into SC

Edited May 5, 2022 by Wally Fairway
I kant spel

[Sbbruin 22082]

22 minutes ago, Wally Fairway said:

Maybe you should sit him down and talk to him about a "gap" year.
Also, pricy school - congrats on him getting into SC

SC over my dead body.  No, Northeastern, with his first year in London, which ups the cost a few $10k's.

[Trey3216 15450]

6 minutes ago, Sbbruin said:

SC over my dead body.  No, Northeastern, with his first year in London, which ups the cost a few $10k's.

Just put a lien on that sailboat.   That should cover it.   

[Sbbruin 22082]

2 minutes ago, Trey3216 said:

Just put a lien on that sailboat.   That should cover it.   

Hardly.  That thing is worth a lot more to me sentimentally than it does equity wise.

[TonyTexas 10683]

1 hour ago, Sbbruin said:

Oh, and it has been quite enjoyable watching my son's 529 evaporate right when I need to start dipping into it.

So you’re basically Buddy Garrity 

[Anastasis 23699]

[Cheeseweasel 26439]

This seems bad.

[BLKNSTY 289]

There have been 2 days in the past 25 years when S&P 500 futures were down 3% and 10-year Treasury futures down 1%:

October 9, 2008
March 18, 2020

Someone is blowing up, and this is forced liquidation.


Saw on Twitter

[Cheeseweasel 26439]

That's bad, right?

Edited May 5, 2022 by Cheeseweasel

[BLKNSTY 289]

Hopefully it’s a sign of a bottom. All in in June $450 calls


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[Wally Fairway 5664]

5 minutes ago, BLKNSTY said:

Hopefully it’s a sign of a bottom. All in in June $450 calls


Sent from my iPhone using Tapatalk

All you really need is for me to put together a put ladder that goes out the next 3-6 months. That would certainly lead to a bottom and market correction.
FWIW - I'm not there quite yet

[Viper 12212]

I'm actually even on the day because of nlst 

[phdhorn 6224]

4 hours ago, Parliament said:

The World needs ditch-diggers too.

No one can afford a shovel now, though.

I feel really poor today.

[phdhorn 6224]

5 hours ago, Cheeseweasel said:

5% down. It's Cinco De Portfolio!

¡El Bursátil esta mieda!

[Cheeseweasel 26439]

3 hours ago, Trey3216 said:

Just put a lien on that sailboat.   That should cover it.   

 

[Trey3216 15450]

2 minutes ago, Cheeseweasel said:

 

 

[ChiTownDoc 21323]

Yeah so I didn’t look yesterday when that dead fucker bounced.  I’m sure as shit not checking my account today.  Looks like we are gonna head into recession AND still have hyperinflation.  Niceeeee

[TxTower 684]

It’s called Stagflation.


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[Parliament 14559]

Let's not use the term "hyperinflation."  Hyperinflation is hundreds and thousands percent inflation.  I don't think we gotta worry about that yet.

[Fudge Nuggets 19407]

On 4/29/2022 at 4:04 PM, KYHorn said:

S&P500 now down over 1% over the past year. Pretty crazy

Yawn.

[Parliament 14559]

[Hefeweizen 5416]

Whatever the fuck is pretty good.

[Trey3216 15450]

37 minutes ago, Parliament said:

The Sybian 500

[TxTower 684]

All Gas! No Brakes!


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[Incredulity 11861]

The Putin Price Hike

 

[Fudge Nuggets 19407]

11 hours ago, Parliament said:

Bullshit

[Fudge Nuggets 19407]

8 hours ago, Incredulity said:

The Putin Price Hike

 

[Wally Fairway 5664]

16 hours ago, Parliament said:

I'm deference to Lou Gehrig, I think it should be called Wally's Blip

[LTtxfan 49909]

4 hours ago, Fudge Nuggets said:

 

[Snake Diggity 4698]

https://twitter.com/awealthofcs/status/1522565053882511362?s=21

[fattyflattie 4640]

On 5/5/2022 at 5:08 PM, TxTower said:

It’s called Stagflation.


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Damnit. Quick on the draw.  Hope y’all are doing better than I did this week. Motherfuck. 

[Incredulity 11861]

Ummm…. No.  It’s total fuck.

[sidis 9990]

Whoah. 

[52-80 19379]

my angus is sufficiently peppered

[52-80 19379]

when even low-multiple aka value stocks are bleeding in the red...

[ballrific 220]

[Cheeseweasel 26439]

[Sbbruin 22082]

Not much other choice at this point

[Sbbruin 22082]

my angus is sufficiently prolapsed

Fifm

[StruggleBus 3922]

This is really fun