Markets still falling like whoa

[Cheeseweasel 26439]

4 minutes ago, troph said:

best movie ever.

[Wally Fairway 5664]

October seemed like it was fun

[Wally Fairway 5664]

And a year-to-date just for some contrast

 

[Incredulity 11861]

Not sure I agree with your definition of “fun”.

[Wally Fairway 5664]

7 hours ago, Incredulity said:

Not sure I agree with your definition of “fun”.

Oh, then you are going love December. When tax loss harvesting sales drive the market drop.

[Cheeseweasel 26439]

9 hours ago, Wally Fairway said:

Oh, then you are going love December. When tax loss harvesting sales drive the market drop.

Finally my IBRX investment pays off!

[Wally Fairway 5664]

On 10/28/2022 at 9:55 AM, ChiTownDoc said:

I’m going to Miami for Halloween.  So nows a good time to be me.  📈

Tuesday morning?  📉📉📉

RIP @ChiTownDoc liver

[UTGrad98 2331]

If the fed does anything besides a 75 point hike and sound hawkish at the news conference, we are going to have a big day. If biden had jpows ear and they do a 50 point hike and say inflation is starting to show signs of slowing I may sell and be all cash by the end of the day. 

[Storm the Field 5360]

Dow shot up 300 points in about 90 seconds after Fed press release went out.

Hiked 75 as expected, but added some language giving them some leeway to possibly slow down the rate/size of additional hikes. 

 

[Incredulity 11861]

I guess TINA is still the thing.

Let the good times roll.

 

Fed raises rates and the 10 year dips.  L O fucking L.  

 

https://www.cnbc.com/2022/11/02/treasury-yields-fall-as-traders-await-fed-rate-decision-policy-hints.html

Edited November 2, 2022 by Incredulity

[Cheeseweasel 26439]

7 minutes ago, Incredulity said:

Fed raises rates and the 10 year dips.  L O fucking L.  

Look, man. If you want things to make sense, go hang out at the STONKS thread where only sane, sound investment strategy is discussed. 

[Storm the Field 5360]

46 minutes ago, Storm the Field said:

Dow shot up 300 points in about 90 seconds after Fed press release went out.

And then Powell shot it right back down. 450 point reversal.

 

[washparkhorn 9967]

Yields moving higher as well as the press conference continues.  

[Guest]

"The Market is perfectly efficient."

The Market:

[Humble Beast 258]

 

[Wally Fairway 5664]

JPow steps up to the mic and says "Ooops, we didn't really mean it"

[Harrison Stafford 3390]

Historically, in midterm election years, the market rises post-election from November to April of the next year and a rising tide lifts all boats.  Of course, if you don’t have a boat, you’re screwed.

[Incredulity 11861]

4 hours ago, Incredulity said:

I guess TINA is still the thing.

Let the good times roll.

 

Fed raises rates and the 10 year dips.  L O fucking L.  

 

https://www.cnbc.com/2022/11/02/treasury-yields-fall-as-traders-await-fed-rate-decision-policy-hints.html

[TxTower 684]

Historically, in midterm election years, the market rises post-election from November to April of the next year and a rising tide lifts all boats.  Of course, if you don’t have a boat, you’re screwed.

A submarine would be good.


Sent from my iPhone using Tapatalk

[Wally Fairway 5664]

whoa - the melt up returns, worse employment numbers just means that the Fed could (COULD/Maybe) slow the interest rate increases
(no seriously , I swear there is a monkey that spins a wheel a couple of times a day and that is what is reported as why the market is moving .... some days the monkey is named Jim Cramer)

[Guest]

Was it this thread or the inflation thread that had such a big argument last quarter about being in recession versus not? I saw practically nothing about the latest release:

[Trey3216 15450]

44 minutes ago, FirstTimeCaller said:

Was it this thread or the inflation thread that had such a big argument last quarter about being in recession versus not? I saw practically nothing about the latest release:

Things are just beautiful!  

[StassneyHorn 6755]

They are

[Parliament 14559]

Wally, what are you staged for today?  Market up or market down?

[Wally Fairway 5664]

53 minutes ago, Parliament said:

Wally, what are you staged for today?  Market up or market down?

yes

[Captainant 28387]

1 hour ago, Parliament said:

Wally, what are you staged for today?  Market up or market down?

Honestly a strangle play on options is probably a good tool to make some money during this volatility. You only lose if the asset stays the same price

[Wally Fairway 5664]

4 hours ago, Parliament said:

Wally, what are you staged for today?  Market up or market down?

3 hours ago, Wally Fairway said:

yes

Looks like I got it right, again

$9.95 can get you my mostest excellent market timing observations right here on Surly

 

[Sbbruin 22082]

1 minute ago, Wally Fairway said:

Looks like I got it right, again

$9.95 can get you my mostest excellent market timing observations right here on Surly

 

[Parliament 14559]

2 hours ago, Wally Fairway said:

 

$9.95 can get you my mostest excellent market timing observations right here on Surly

 

Best I can do is three fiddy.

[Incredulity 11861]

57 minutes ago, Parliament said:

Best I can do is three fiddy.

Seems excessive.  That was the valuation of Shaggy.

[BehoId, The Underminer! 11669]

Elon outing himself as an amateurish dudebro has given TSLA stock AIDS, I'm afraid.

[Hefeweizen 5416]

2 hours ago, BehoId, The Underminer! said:

Elon outing himself as an amateurish dudebro has given TSLA stock AIDS, I'm afraid.

You hate to see it but more than that, you love to see it.  Luckily I don’t own TSLA.

[Cheeseweasel 26439]

6 minutes ago, Hefeweizen said:

You hate to see it but more than that, you love to see it.  Luckily I don’t own TSLA.

If you own any Mutual Funds, chances are you own TSLA.

[Parliament 14559]

1 minute ago, Cheeseweasel said:

If you own any Mutual Funds, chances are you own TSLA.

 

[Hefeweizen 5416]

8 minutes ago, Cheeseweasel said:

If you own any Mutual Funds, chances are you own TSLA.

No, the funds do.  I understand the concept.  
 

But generally I’m invested in relatively diverse funds so my exposure to lil elo is pretty minimal.  90 percent of my worth is tied up in private equity, with all the associated risks and benefits.

 

I like stonks better than shitty EV makers anyway.  The only thing I find less investable is Cathy Wood and her lunatic funds.

Edited November 8, 2022 by Hefeweizen

[Wally Fairway 5664]

2 hours ago, Hefeweizen said:

 The only thing I find less investable is Cathy Wood and her lunatic funds.

Really - it is like you have never heard the name Jim Cramer

🤣  🤣  🤣 

[Wally Fairway 5664]

damnitall - I forgot to look at SPY 11/14 expiry straddle/strangle to see if I could make money off the election.
not that I have a fucking clue as to how the market will react, but I'm pretty certain there will be a jump/fall and then likely an offsetting reaction shortly thereafter.

actually I hope the market jumps up, I might sell some of my ITM LEAPS and put that into some 1/2/23 puts looking to cash in on some December tax loss harvest sales

It is a boring market, in which I'm only long because I'm not spinning the roulette wheel of guess the irrational market reaction (I've tried that, it is an expensive game)

[WBT 20884]

Futures up 3% on CPI of +7.7% instead of +7.9%.

[Cheeseweasel 26439]

16 minutes ago, WBT said:

Futures up 3% on CPI of +7.7% instead of +7.9%.

[Humble Beast 258]

 

[Cheeseweasel 26439]

^^ How I am with IBRX

[Parliament 14559]

4 hours ago, WBT said:

Futures up 3% on CPI of +7.7% instead of +7.9%.

 

[UTGrad98 2331]

Lots of FOMO today. Read a good article that history shows inflation decelerates as quickly as it accelerates.

[52-80 19379]

[Wally Fairway 5664]

Whoa

[Cheeseweasel 26439]

8 minutes ago, Wally Fairway said:

Whoa

You sold everything this morning, didn't you.

[Wally Fairway 5664]

2 minutes ago, Cheeseweasel said:

You sold everything this morning, didn't you.

yesterday - for a loss 🤫

actually, only 3 or 4 more days like this and I'll be back to even for the year; and opportunity cost for the SPY strangle/straddle that I didn't place on Tuesday. 
I'm okay - my Uncle Warren 1/19/24 leap calls are doing okay today 
( not that today is sustainable - but for the day who cares)

[WBT 20884]

[Cheeseweasel 26439]

[UTGrad98 2331]

200 day moving average around 407 for spy. Hell we may test that tomorrow.  There is a real decision I have on whether to sell at that time. After that it's 430 retest. What to do...