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Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

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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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TonyTexas

TonyTexas 10683

Posted
Posted (edited)
3 minutes ago, FirstTimeCaller said:

Stories like the 20 year old do nothing for me. What's the difference between that and someone winning the lottery?

No kidding. You seldom here the millions of stories about people who have lost everything in the market. Except in the Stonk thread. 

Edited by TonyTexas
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Hefeweizen

Hefeweizen 5416

Posted
Posted
1 minute ago, TonyTexas said:

No kidding. You seldom here the millions of stories about people who have lost everything in the market. Except in the Stonk thread. 

Raises hand in IBRX….

 

Bed Bath and beyond now looking at restructuring so I think the people who got out are the only ones who will “win”.  Hiring a restructuring law firm is usually step one.

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torre

torre 1293

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Posted

Some market gurus are starting to worry that the summer rally on Wall Street may be starting to fizzle, after stocks lurched from oversold to overbought.

Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely headed for a pullback, even though the economy is in better shape than many Americans might recognize.

“There’s been plenty of great news, but the market needs a little bit of a pause. We’ve moved a little too fast, too quickly, right now,” Goldman said in a phone interview with MarketWatch.

To support this view, he pointed to a handful of reasons that Friday’s slump in stocks might continue into next week, and possibly longer — even though he remains bullish on stocks over a longer time horizon.

https://www.marketwatch.com/story/here-are-5-reasons-why-the-bull-run-in-stocks-may-be-about-to-morph-back-into-a-bear-market-11660942705

 

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B00M

B00M 6726

Posted
Posted
21 hours ago, Captainant said:

There's some nutso loss porn on wallstreetbets from BBBY bagholders who missed the pump and got dumped

Yeah of you're ever feeling bad, just peruse wallstreetbets. You'll find some poor fuck with tens of thousands in debt that's lost hundreds of thousands in the market and now has $500 to win it all back with.

 

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TxTower

TxTower 684

Posted
Posted
Lol. What did the market expect to hear? "Eh, inflation is still 9%, but it went down slightly this past month. I think we're done here."

Still a lot of money on the sidelines that got suckered into the rally by some positive earnings reports and a “peaking” of inflation so the Feds gotta let up soon right? Oh and Cramer said the bottom of the bear market was set by June lows. Ha!


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Hefeweizen

Hefeweizen 5416

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The beatings will continue until morale improves..

 

Even my “safe” account which is mostly cds, conservative bonds and cash has taken an ass kicking this week.  Down about one percent over the past month.  
 

And my 401k is approaching pre COVId levels.  Good thing I was only thinking of retiring soon.

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52-80

52-80 19378

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Posted
On 9/3/2022 at 12:50 AM, Hefeweizen said:

The beatings will continue until morale improves..

 

Even my “safe” account which is mostly cds, conservative bonds and cash has taken an ass kicking this week.  Down about one percent over the past month.  
 

And my 401k is approaching pre COVId levels.  Good thing I was only thinking of retiring soon.

pretty vicious week its been.  UST bonds getting mollywhopped.

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Cheeseweasel

Cheeseweasel 26439

Posted
Posted
8 minutes ago, BehoId, The Underminer! said:

An improveder meme would be a printer that prints money with my face sniffing it like fresh baked cinnamon rolls before it slides directly to the furnace

Even betterer: A printer that prints money with your face sniffing it like fresh baked cinnamon rolls before Jeff Bezos consumes it and shits it into the furnace.

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