Getbig Bodybuilding, Figure and Fitness Forums
Getbig Main Boards => Gossip & Opinions => Topic started by: FitnessFrenzy on August 05, 2019, 12:11:36 PM
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nasdaq 100 down over 4% ouch! (today)
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(https://images.agriculture.mdpcdn.com/sites/default/files/styles/node_article_image_full_large/public/image/2018/12/28/china-us-trade-war.jpg?timestamp=1550601354)
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How is it crashing when it is only 5% off its all-time high?
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The US seems to be actioning a plan.
You guys finally declared China a currency manipulator. Been going on for donkeys but never officially declared.
So we have a week of horrid markets and then instead of a rally point (normally the fed steps in) we see the US go bananas at China lol. It'll be a bloodbath today. Gold, silver, cryptos to rally until this is resolved.
Whilst some will jump to say 'what an idiot', there is no way this wasn't done unless something behind the scenes has gone horribly wrong. This is HUGE! We are talking declaring economic war on a superpower, watch the markets meltdown this week.
The initial greed for offshoring has now put the IP and data into China's hands and over time we all have a losing hand. Even DJI is on the radar because they are mapping and recording everything and the data is Chinese owned. it's now the next step.
The nervous money is in China, not the US. So, flush it out and make China unstable. China have more to lose right now as a loss of investment/production would crush their entire economy.
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The US seems to be actioning a plan.
You guys finally declared China a currency manipulator. Been going on for donkeys but never officially declared.
So we have a week of horrid markets and then instead of a rally point (normally the fed steps in) we see the US go bananas at China lol. It'll be a bloodbath today. Gold, silver, cryptos to rally until this is resolved.
Whilst some will jump to say 'what an idiot', there is no way this wasn't done unless something behind the scenes has gone horribly wrong. This is HUGE! We are talking declaring economic war on a superpower, watch the markets meltdown this week.
The initial greed for offshoring has now put the IP and data into China's hands and over time we all have a losing hand. Even DJI is on the radar because they are mapping and recording everything and the data is Chinese owned. it's now the next step.
The nervous money is in China, not the US. So, flush it out and make China unstable. China have more to lose right now as a loss of investment/production would crush their entire economy.
'what an idiot'
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'what an idiot'
Been going on for a Dokey's age.
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Will await Neurotoxin’s advices before I react.
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Yawn. Good - I will top up and buy some more of the index then...
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Will await Neurotoxin’s advices before I react.
He predicted it was coming.......in 2016, 2017, 2018, and 2019.
Like a seer. Right on the money.
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Awaiting Mr Anabolics comments. He usually pops up at times like this ... :)
My view - buy when there’s blood on the streets.
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Awaiting Mr Anabolics comments. He usually pops up at times like this ... :)
My view - buy when there’s blood on the streets.
His precious gold has had a rally as of late, but its 10 year performance is under 4%. In other words, pure shit. But there’s always a dooms day scenario that he’ll bring up every year which never happens, but when it finally does, he’ll probably be sure to say, “I told you so.”
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How is it crashing when it is only 5% off its all-time high?
lol the media grasping at straws to get people worried about anything
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His precious gold has had a rally as of late, but its 10 year performance is under 4%. In other words, pure shit. But there’s always a dooms day scenario that he’ll bring up every year which never happens, but when it finally does, he’ll probably be sure to say, “I told you so.”
How does one properly use i told you so?
China devalued their currency in reaction to a 10% tariff. The usa finally named china a currency manipulator. I wonder what would happen if further tariffs of 25% were imposed?
More than likely today was smart and big money investors taking 10%, 15%, 20%, mid year profits because no one ever went broke taking profits. If you let it ride well then that's exactly what you are doing letting it ride and not taking profits which has risk for further potential gains or loses.
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His precious gold has had a rally as of late, but its 10 year performance is under 4%. In other words, pure shit. But there’s always a dooms day scenario that he’ll bring up every year which never happens, but when it finally does, he’ll probably be sure to say, “I told you so.”
And remember his even more better suggestion was to buy silver as it is "cheap" compared to gold. Meanwhile, his much hated BTC has outperformed both...
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Yawn. Good - I will top up and buy some more of the index then...
how is warehouse work ...........
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Guess it wasn't crashing after all...
Dow jumps 300 points as Wall Street rebounds
https://www.cnbc.com/2019/08/05/dow-futures-fall-implying-a-200-point-drop-on-tuesday-as-trade-war-fears-batter-wall-street.html
08/06/2019 4:01 PM Eastern Time
(http://www.getbig.com/boards/index.php?action=dlattach;topic=644157.0;attach=777615;image)
https://www.cnbc.com/us-markets/
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The US seems to be actioning a plan.
You guys finally declared China a currency manipulator. Been going on for donkeys but never officially declared.
So we have a week of horrid markets and then instead of a rally point (normally the fed steps in) we see the US go bananas at China lol. It'll be a bloodbath today. Gold, silver, cryptos to rally until this is resolved.
Whilst some will jump to say 'what an idiot', there is no way this wasn't done unless something behind the scenes has gone horribly wrong. This is HUGE! We are talking declaring economic war on a superpower, watch the markets meltdown this week.
The initial greed for offshoring has now put the IP and data into China's hands and over time we all have a losing hand. Even DJI is on the radar because they are mapping and recording everything and the data is Chinese owned. it's now the next step.
The nervous money is in China, not the US. So, flush it out and make China unstable. China have more to lose right now as a loss of investment/production would crush their entire economy.
China has been selling off USA debt in favor of 1 kilo gold bars for a while now. At the moment things like credit are the same as things that are real. Someday things will have to reset.
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If the stock market crashed by 4000 it would still be high. Yes it will have ups and downs.
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If the stock market crashed by 4000 it would still be high. Yes it will have ups and downs.
Yes, BUT...nobody has the stomach for that because we are in an ever expanding top. This happens the same way every time. All time highs then a crash. No way to time it but one thing is certain, everybody will be surprised...yet again.
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Yes, BUT...nobody has the stomach for that because we are in an ever expanding top. This happens the same way every time. All time highs then a crash. No way to time it but one thing is certain, everybody will be surprised...yet again.
Stocks are for the long time haul. If they are treated as a casino gamble to pull out when you made enough you will suffer the losses as well as the wins. I'm a blue collar type of guy but I have had stocks for 30 years even though it's chump change. Never over 100K. The guys that put in money and try to retrieve it when it hopefully reaches a goal value are the ones that have major losses. It's rebounding already. Hopefully the trend continues in this highest stock market in history.
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Stocks are for the long time haul. If they are treated as a casino gamble to pull out when you made enough you will suffer the losses as well as the wins. I'm a blue collar type of guy but I have had stocks for 30 years even though it's chump change. Never over 100K. The guys that put in money and try to retrieve it when it hopefully reaches a goal value are the ones that have major losses. It's rebounding already. Hopefully the trend continues in this highest stock market in history.
Blue collar is exactly who pays for the graft of the "money managers" all while your savings is locked up. That's fine for people who can't control their spending but the whole 401k game was designed to take the burden of pensions off of companies and privatize risk, not to make regular people rich. Yes, if you stay in forever there is a slow return but as they disclaim "past performance doesn't guarantee future returns". If you retire in the wrong timespan you can be down 30-40%, and if you pull out with a gain, it's a gain...but taxable to boot if before retirement age. The whole idea of tax deferred to retirement once again is to lock your money up. In the era of money printing and HFT trading I prefer less counterparty risk and real assets that flow cash. Waiting until I'm old for access to my money and hoping a stranger takes good care of my future is financially careless IMO.
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History of U.S. Bear & Bull Markets Since 1926
"Although past performance is no guarantee of future results,we believe looking at the history of the market’s expansions and recessions helps to gain a fresh perspective on the benefits of investing for the long-term.
• The average Bull Market period lasted 9.1 years
with an average cumulative total return of 480%.
• The average Bear Market period lasted 1.4 years
with an average cumulative loss of -41%"
(https://inversa-copy.s3.amazonaws.com/wp-content/uploads/2018/07/bull-vs-bear-chart.jpg)
https://www.ftportfolios.com/Common/ContentFileLoader.aspx?ContentGUID=4ecfa978-d0bb-4924-92c8-628ff9bfe12d
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“79% of millionaires reached millionaire status through their employer-sponsored retirement plan.” - Chris Hogan
Everyday Millionaires: How Ordinary People Built Extraordinary Wealth―and How You Can Too
Publication Date: January 7, 2019
https://www.amazon.com/Everyday-Millionaires-Ordinary-Extraordinary-Wealth-ebook/dp/B07MCYP39J/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
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“79% of millionaires reached millionaire status through their employer-sponsored retirement plan.” - Chris Hogan
Everyday Millionaires: How Ordinary People Built Extraordinary Wealth―and How You Can Too
Publication Date: January 7, 2019
https://www.amazon.com/Everyday-Millionaires-Ordinary-Extraordinary-Wealth-ebook/dp/B07MCYP39J/ref=tmm_kin_swatch_0?_encoding=UTF8&qid=&sr=
Might be a good read for an 18-30 year old but I doubt it lists the metrics that I would want to see - income, time, contribution level, fund allotments, etc. On a little looking I found the average is about 30 years in the market just staying in. So if you put the max 19k in a year for 30 years or have an ESOP or match from your employer yes, odds are you'll be a millionaire. But most people don't work the same place for 30 years or put in anywhere near that amount and as passive parties are subject to all the trappings of timing, fees, dishonesty, etc. I don't consider the equities market a fiduciary system for small investors. Also factor in that many pensions plans are going bankrupt.
My point is high income earners will become millionaires in any decent investment or even a simple savings plan over the long term. The guy with 100k in a 401k hoping to be able to retire on it in 10 years is being lied to. That's one year of putting a parent in a rest home.
I love being highly liquid. No carrot on a stick. No need to worry if I will be dealing with a Bernie Sanders type tax policy or have the retirement age pushed up to 75 to realize the deferred tax benefit, etc. Guess who bought everything up last crash? People who had liquid funds.
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how is warehouse work ...........
I am not Lee you imbecile - I doubt Lee is invested in any stocks.
I live in Sydney (not Newcastle, like Lee) and I believe Lee is a flat our liar about his 'small dosages'. Ah Get Big, the one board so vitriolic and negative that any complementary talk of a bodybuilder leads most to believe you're actually writing for them!
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Might be a good read for an 18-30 year old but I doubt it lists the metrics that I would want to see - income, time, contribution level, fund allotments, etc. On a little looking I found the average is about 30 years in the market just staying in. So if you put the max 19k in a year for 30 years or have an ESOP or match from your employer yes, odds are you'll be a millionaire. But most people don't work the same place for 30 years or put in anywhere near that amount and as passive parties are subject to all the trappings of timing, fees, dishonesty, etc. I don't consider the equities market a fiduciary system for small investors. Also factor in that many pensions plans are going bankrupt.
My point is high income earners will become millionaires in any decent investment or even a simple savings plan over the long term. The guy with 100k in a 401k hoping to be able to retire on it in 10 years is being lied to. That's one year of putting a parent in a rest home.
I love being highly liquid. No carrot on a stick. No need to worry if I will be dealing with a Bernie Sanders type tax policy or have the retirement age pushed up to 75 to realize the deferred tax benefit, etc. Guess who bought everything up last crash? People who had liquid funds.
A working couple can invest a total of $50,000 a year in tax sheltered accounts: $19,000 in 401K each, and $6,000 in individual Roth each.
Add 401K employee matching(FREE MONEY), then add investing in a taxable account and reaching financial independence early isn't as difficult at some people make it out to be.
It's like getting and staying in shape. Eat healthy and exercise regularly. Most can do it, many don't while many do. You just have to take responsibility for your actions and for your future.
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There's no immediate gratification of saving your money. That's why so many people in this country are broke. Even people that make good-great money. It's pathetic.
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A working couple can invest a total of $50,000 a year in tax sheltered accounts: $19,000 in 401K each, and $6,000 in individual Roth each.
Add 401K employee matching(FREE MONEY), then add investing in a taxable account and reaching financial independence early isn't as difficult at some people make it out to be.
It's like getting and staying in shape. Eat healthy and exercise regularly. Most can do it, many don't while many do. You just have to take responsibility for your actions and for your future.
I make too much for a Roth and I'm not about getting married. Come to think of it I'm not getting a boss either. ;D
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nasdaq 100 down over 4% ouch!
Another fail for day trader FF.
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Currency manipulator, so its okay to lower your own currency by quantitive easing or printing it, but you can't just skip that and simply adjust it. ?
I cannot see how Trump wins this, I totally see his point with what he's doing in trying to get the Chinese to buy more US products as the US buy so much Chinese and where he can achieve that its a win, but blowing it up to this position where it becomes trade war rather than a process. The USA can't win a trade war with China, economic conditions will hit hard and he will be defeated democratically and the democrats will get back in and look to cover themselves in glory by doing a deal bringing back cheap imported goods. The US economy and population is to far gone, its business and people are to dependant on offshore manufacturing and too reliant on cheap goods the armament brings
The Chinese alternatively don't give a shite about their people and don't need to be re elected every 4 years, they also hold a trillion dollars in US debt, Just my opinion I'm a communist hater and love the free market and don't agree with China being a trading partner of the free world whilst they don't have a free and open market economy. They should never have been allowed in, but now that they're in I just don't know you fix it, it will take being re elected a few times and in my opinion the US population won't tolerate a period of economic hardship prior to any longterm benefit that is not guaranteed.
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Currency manipulator, so its okay to lower your own currency by quantitive easing or printing it, but you can't just skip that and simply adjust it. ?
I cannot see how Trump wins this, I totally see his point with what he's doing in trying to get the Chinese to buy more US products as the US buy so much Chinese and where he can achieve that its a win, but blowing it up to this position where it becomes trade war rather than a process. The USA can't win a trade war with China, economic conditions will hit hard and he will be defeated democratically and the democrats will get back in and look to cover themselves in glory by doing a deal bringing back cheap imported goods. The US economy and population is to far gone, its business and people are to dependant on offshore manufacturing and too reliant on cheap goods the armament brings
The Chinese alternatively don't give a shite about their people and don't need to be re elected every 4 years, they also hold a trillion dollars in US debt, Just my opinion I'm a communist hater and love the free market and don't agree with China being a trading partner of the free world whilst they don't have a free and open market economy. They should never have been allowed in, but now that they're in I just don't know you fix it, it will take being re elected a few times and in my opinion the US population won't tolerate a period of economic hardship prior to any longterm benefit that is not guaranteed.
Markets have been highly managed since the 70s so there is no winning per se, only keeping the game going. Enough money and debt has been created for the next 100 years of future GDP, so devaluation is the only option. Fixing this is a hot potato that nobody wants to touch, and all world banks are involved.
When you understand that much future prosperity has already been spoken for you tend not to think that the way things are now are going to be that way in 30-40 years.
If the economy holds for another 16 months Trump will be re-elected. What happens in his second term economically(it's likely not going to be good just looking at the cycle) will probably usher in an open socialist POTUS to start implementing some sort of soft reset/lowering of expectations. Tax law and rates can and will be changed and promises that these investment instruments are forever a certain way will be broken.
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Blue collar is exactly who pays for the graft of the "money managers" all while your savings is locked up. That's fine for people who can't control their spending but the whole 401k game was designed to take the burden of pensions off of companies and privatize risk, not to make regular people rich. Yes, if you stay in forever there is a slow return but as they disclaim "past performance doesn't guarantee future returns". If you retire in the wrong timespan you can be down 30-40%, and if you pull out with a gain, it's a gain...but taxable to boot if before retirement age. The whole idea of tax deferred to retirement once again is to lock your money up. In the era of money printing and HFT trading I prefer less counterparty risk and real assets that flow cash. Waiting until I'm old for access to my money and hoping a stranger takes good care of my future is financially careless IMO.
Between the tax advantages and company matching, 401(k)/403(b) plans are the most profitable way to invest.
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Guys, the trade war IS going to come to an end soon. The Chinese will concede sooner or later. Don't get distracted by the noise on CNBC and the rest of the doom-and-gloom brigade.
As far as markets go, we ARE due for a nasty, 1929-caliber, correction. We just entered a(n Elliot) wave 5 of 5 of 5. In wave frequency terms, this is a fucking rogue wave.
I don't tell people where to put their money but... read up on the circumstances preceding the subprime debacle. When the market turns, it will turn on a dime.
This may be the breakthrough Bitcoin needs.
Once the crisis is over, the Federal Reserve is going to be done with. Bernanke and all these manipulative motherfuckers will be put in jail. They just "greased" another artificial rally with a rate cut that will most likely be replicated should things get worse with the US-China trade negotiations. And due to this, most retail folks will get shellacked by the correction. Institutions are quietly exiting their holdings and buying bonds.
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Another fail for day trader FF.
I didn't lose anything because I am not a day trader.
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I make too much for a Roth and I'm not about getting married. Come to think of it I'm not getting a boss either. ;D
Nothing wrong with that. All personal choices.
A working couple with decent careers can easily make too much to contribute to a Roth too. You may only contribute to a Roth IRA if you make less than $137,000 for single filers and $203,000 for married couples filing jointly.
However, working couples get around this by maximizing their 401K, which reduces their taxable income.
Newly retired couples can also take advantage of backdoor Roth conversions to minimize taxes.
Employees can also reduce their taxable income by taking advantage of Health Savings Account (HSA) and Flexible Spending Account (FSA), available through their employer. Any money they contribute to these accounts is 100% tax free, as long as they spend it only on medical expenses.
Couples working for employers with decent benefits create a cushion too. They have more than one source of income. So if one loses a job, they still have the other's income along with health insurance benefits.
So having an employer is not such a bad thing if the employer has decent benefits, the employees have decent careers, and the employees take full advantage of all the benefits available to them in order to earn, save, and invest for a comfortable retirement. Again, it's a personal choice.
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Highly compensated employees are often limited in their 401k contributions.
Depends on general employee participation.
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You better own property and rent it and get a trickle of income that way you can pay your own bills from rental income. I see no other viable investments unless you want to become skilled tradesman
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Taxable low cost equity index funds that have very low turnover and low dividend payouts are also good investment options for those who are limited in their amounts to 401k/IRAs.
Most folk will have enough trouble maxing their 401k/IRAs however.
Getbiggers need additional options for their massive incomes.
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Nothing wrong with that. All personal choices.
A working couple with decent careers can easily make too much to contribute to a Roth too. You may only contribute to a Roth IRA if you make less than $137,000 for single filers and $203,000 for married couples filing jointly.
However, working couples get around this by maximizing their 401K, which reduces their taxable income.
Newly retired couples can also take advantage of backdoor Roth conversions to minimize taxes.
Employees can also reduce their taxable income by taking advantage of Health Savings Account (HSA) and Flexible Spending Account (FSA), available through their employer. Any money they contribute to these accounts is 100% tax free, as long as they spend it only on medical expenses.
Couples working for employers with decent benefits create a cushion too. They have more than one source of income. So if one loses a job, they still have the other's income along with health insurance benefits.
So having an employer is not such a bad thing if the employer has decent benefits, the employees have decent careers, and the employees take full advantage of all the benefits available to them in order to earn, save, and invest for a comfortable retirement. Again, it's a personal choice.
Cliffs .. "my job is a financial adviser". ;)
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You better own property and rent it and get a trickle of income that way you can pay your own bills from rental income. I see no other viable investments unless you want to become skilled tradesman
The right rental properties can really make life a lot easier and the more you have the easier it gets proportionately. Not so easy if you work a 9-5, but it is so tax and debt advantaged that if you can get in right the hold just gets better as you go.
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The right rental properties can really make life a lot easier and the more you have the easier it gets proportionately. Not so easy if you work a 9-5, but it is so tax and debt advantaged that if you can get in right the hold just gets better as you go.
People in the US are so fortunate to have such low taxes.
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The right rental properties can really make life a lot easier and the more you have the easier it gets proportionately. Not so easy if you work a 9-5, but it is so tax and debt advantaged that if you can get in right the hold just gets better as you go.
you can count on 90 percent of the property in any decent populated city to have a 25% increase in value within 3 years of aquiring it. one casualty is prop tax increase upon assesment every 3 years. The key is just try to maintain the property when things break , you wont be rich with tons of cash paying mortgages taxes repairs and insurance but youll have enough coming in . Its honest work , you maintain a roof over someones head and they pay you for it.
Getting into the buisnes without much money requires investing in bad areas at FIRST, because thats where youll get cheap houses, more maintenace and delenquent non paying renters..yes not very appealing start at all. But you must buy n hold. However cities become gentrified within 5 year and someone will likely pay you alot more for that property.... Now you can buy something in a better location
Lots of doctors n lawyers are aquiring great properties they didnt have to start out investing in ghettos yet some still do anyways
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If usa would stop making crap of planned obselesence we would be competitive im guessing
Currency manipulator, so its okay to lower your own currency by quantitive easing or printing it, but you can't just skip that and simply adjust it. ?
I cannot see how Trump wins this, I totally see his point with what he's doing in trying to get the Chinese to buy more US products as the US buy so much Chinese and where he can achieve that its a win, but blowing it up to this position where it becomes trade war rather than a process. The USA can't win a trade war with China, economic conditions will hit hard and he will be defeated democratically and the democrats will get back in and look to cover themselves in glory by doing a deal bringing back cheap imported goods. The US economy and population is to far gone, its business and people are to dependant on offshore manufacturing and too reliant on cheap goods the armament brings
The Chinese alternatively don't give a shite about their people and don't need to be re elected every 4 years, they also hold a trillion dollars in US debt, Just my opinion I'm a communist hater and love the free market and don't agree with China being a trading partner of the free world whilst they don't have a free and open market economy. They should never have been allowed in, but now that they're in I just don't know you fix it, it will take being re elected a few times and in my opinion the US population won't tolerate a period of economic hardship prior to any longterm benefit that is not guaranteed.
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Currency manipulator, so its okay to lower your own currency by quantitive easing or printing it, but you can't just skip that and simply adjust it. ?
I cannot see how Trump wins this, I totally see his point with what he's doing in trying to get the Chinese to buy more US products as the US buy so much Chinese and where he can achieve that its a win, but blowing it up to this position where it becomes trade war rather than a process. The USA can't win a trade war with China, economic conditions will hit hard and he will be defeated democratically and the democrats will get back in and look to cover themselves in glory by doing a deal bringing back cheap imported goods. The US economy and population is to far gone, its business and people are to dependant on offshore manufacturing and too reliant on cheap goods the armament brings
The Chinese alternatively don't give a shite about their people and don't need to be re elected every 4 years, they also hold a trillion dollars in US debt, Just my opinion I'm a communist hater and love the free market and don't agree with China being a trading partner of the free world whilst they don't have a free and open market economy. They should never have been allowed in, but now that they're in I just don't know you fix it, it will take being re elected a few times and in my opinion the US population won't tolerate a period of economic hardship prior to any longterm benefit that is not guaranteed.
No, but lack of economic growth will increase discontent and chances of unrest. People tolerate the regime because they believe it can give them prosperity and rising living standards.
If they lose this, the communist party would be exposed for what they are, a group of corrupt thieving cadres who only want to hang on to power at all costs to enrich themselves.
Also, plenty of other countries which can replace China as a hub for cheap manufacturing.
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Cliffs .. "my job is a financial adviser". ;)
What? I don't get it.
I am not a financial adviser, if that's what you mean. I actually discourage the use of financial advisers.
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There is much gratification (and peace of mind) in having a substantial amount of money saved even if getting there was challenging.
Lesson learned. My parents made no financial plans for the future. They lived excessively well as long as my stepdad was able to work. When he no longer was, they became paupers.
Truth.
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What? I don't get it.
I am not a financial adviser, if that's what you mean. I actually discourage the use of financial advisers.
It's a joke because you are so by the book.
Marty Champions sez the way to greys is eating red meat and watching the markets all day. :)
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When do you fellas reckon it'll be over?
The markets are taking a HIT.
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When do you fellas reckon it'll be over?
The markets are taking a HIT.
When Biden takes office we will be heading into a Golden Age of prosperity.
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The market is going to take a hit regardless of US/China relations.
The bull market has exceeded all expectations in duration.
Make sure you are diversified to the extent you can survive a 50% drop in your equity portfolio without compromising your retirement or other goals.
It's coming.
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The market is going to take a hit regardless of US/China relations.
The bull market has exceeded all expectations in duration.
Make sure you are diversified to the extent you can survive a 50% drop in your equity portfolio without compromising your retirement or other goals.
It's coming.
Oh, I know it's coming, but it won't come until the Dow Jones and the other markets reach stooopid levels. Like 43,000 for DJI and 3,600 for the S&P. Markets don't fold from normal levels, they capitulate from all time highs. Not just barely all time highs, from "holly shit! 50% up in 2 months" up.
After that, it'll be a 1929.
Elliot wave-wise we're on a wave 5 (grand super cycle) of 5 (super cycle) of 5 (cycle) of 5 (primary). It's like top of the 9th, two outs, one down and all bases loaded and the next guy up is Barry Bonds.
Now, for the market to get to stooopid levels, we need a trade deal. I think the situation is deteriorating so fast in HK that Xi will want to meet with Trump soon. I see them signing an agreement right after the UN General Assembly in September.
They have to. Both of their mandates depend on it.
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When do you fellas reckon it'll be over?
The markets are taking a HIT.
Depends on situation in Hong Kong ;)
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There is always something that sets off a market crash.
Unfortunately it usually seems to come from something you didn't see, or might have been aware of only in a vague way, something that causes major institutions to dump stocks in a big way. Panic selling.
It has to be that way because otherwise the market would adjust gradually as it does with known variables.
Market prices reflect publicly known information.
The US/China trade war is known information and most likely would not cause a major swing in the markets.
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If the market crashes, then the government should unleash the infrastructure bill and start taking care of all of our public works projects. They need it, and it will keep things going until the market recovers, keeping us out full on depression.
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Dow down 800. First time anybody on mainstream financial news has spoken about a 2/10 bond yield inversion in probably ages.
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Dow down 800. First time anybody on mainstream financial news has spoken about a 2/10 bond yield inversion in probably ages.
Big drop. Trump will tweet something, or the Fed will say something, and it will jump 900. US markets open in one hour.
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It's a joke because you are so by the book.
Marty Champions sez the way to greys is eating red meat and watching the markets all day. :)
No more "by the book" than you probably are with real estate investing. :)
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There is much gratification (and peace of mind) in having a substantial amount of money saved even if getting there was challenging.
Lesson learned. My parents made no financial plans for the future. They lived excessively well as long as my stepdad was able to work. When he no longer was, they became paupers.
Of course. But that's delayed gratification. Society is now instant gratification. Why save for old age when you can buy $14 avocado toast and post it on insta.
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Of course. But that's delayed gratification. Society is now instant gratification. Why save for old age when you can buy $14 avocado toast and post it on insta.
Or wait in line 2 hours to buy a $20 bagel
(https://cdn.nashvillescene.com/files/base/scomm/nvs/image/2016/01/640w/fffba_img_1612.jpg)
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Or wait in line 2 hours to buy a $20 bagel
(https://cdn.nashvillescene.com/files/base/scomm/nvs/image/2016/01/640w/fffba_img_1612.jpg)
Jesus. Generation nothingness at work.
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Market finished up.
No worries.
Make sure you are diversified sufficiently so that your future plans can survive a 50% drop in your equity portfolio.
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Dow down 800. First time anybody on mainstream financial news has spoken about a 2/10 bond yield inversion in probably ages.
The 2/5 inverted a while back and it said average was 26 months before the start of a recession. That was less than a year ago.
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The 2/5 inverted a while back and it said average was 26 months before the start of a recession. That was less than a year ago.
Yes, for once there seems to be an over-coverage of a down trend. Most of the financial channels are endless cheerleaders of the bull market.
The historical timing puts us right about election time. :o
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Yes, for once there seems to be an over-coverage of a down trend. Most of the financial channels are endless cheerleaders of the bull market.
The historical timing puts us right about election time. :o
If the market crashes, then the government should unleash the infrastructure bill and start taking care of all of our public works projects. They need it, and it will keep things going until the market recovers, keeping us out full on depression.
Which should get us another few years of life support.
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401(k), IRA millionaires at Fidelity surpass record highs in the second quarter
August 21, 2019
The ranks of 401(k) and IRA millionaires again hit a record high in the second quarter at Fidelity Investments after stocks fully recovered from their losses suffered at the end of 2018.
The number of investors with at least $1 million in their 401(k) accounts rose to 196,000 at the end of the second quarter, up from 180,000 the previous quarter and surpassing the previous record of 187,400 reached in the third quarter of 2018, according to Fidelity.
The tally of IRA millionaires increased to 179,700 from 168,100 in the first quarter. The prior high was 170,400, also achieved in the third quarter of last year. Short for individual retirement account, an IRA is a tax-deferred personal retirement plan sponsored by the government.
https://finance.yahoo.com/news/401-k-ira-millionaires-fidelity-040114244.html
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It's funny watching CNN jump all over a 500 point drop when the Dow is over 20k. A -500 day when it was 12k is a lot different from a -500 day when it's 22k.
As a non-trader I suppose I should be happy with a bull market, but as a trader I would much rather trade in a bear market and short everything I could. Esp the 2-3x ETFs... So long as I had 25k or whatever to cover my shorts. I miss those days, but I haven't paid attention to the market since 2011. Doubt I've even seen more than a handful of Fast Money episodes since then either.
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With more Fed rate cuts coming down i wouldn't be surprised to see the stock market hit new highs ...
but next year we will have a mother of all crashes and go into a depression ...
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They'll label this a hate crime. They're the only ones allowed to manipulate the market. :D
Reddit moderator slams Wall Street ‘fat cats’ as GameStop’s wild ride continues — ‘They hate that you played by the rules and still won’
https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestops-wild-ride-continues-they-hate-that-you-played-by-the-rules-and-still-won-2021-01-25 (https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestops-wild-ride-continues-they-hate-that-you-played-by-the-rules-and-still-won-2021-01-25)
https://www.pcgamer.com/reddit-messes-with-investors-by-driving-gamestop-stock-price-to-record-heights/
(https://www.pcgamer.com/reddit-messes-with-investors-by-driving-gamestop-stock-price-to-record-heights/)
(https://i.postimg.cc/bJBZf7Jp/Esl55-PJXAAYW8cj.jpg)
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They'll label this a hate crime. They're the only ones allowed to manipulate the market. :D
Reddit moderator slams Wall Street ‘fat cats’ as GameStop’s wild ride continues — ‘They hate that you played by the rules and still won’
https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestops-wild-ride-continues-they-hate-that-you-played-by-the-rules-and-still-won-2021-01-25 (https://www.marketwatch.com/story/reddit-moderator-slams-wall-street-fat-cats-as-gamestops-wild-ride-continues-they-hate-that-you-played-by-the-rules-and-still-won-2021-01-25)
https://www.pcgamer.com/reddit-messes-with-investors-by-driving-gamestop-stock-price-to-record-heights/
(https://www.pcgamer.com/reddit-messes-with-investors-by-driving-gamestop-stock-price-to-record-heights/)
(https://i.postimg.cc/bJBZf7Jp/Esl55-PJXAAYW8cj.jpg)
You could add a 4th tile there for r/bitcoin. ;D
(https://media.tenor.com/images/8b371e5406316a070838adf8c0aeb105/tenor.gif)
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My prediction. When the big blue states end their shutdowns and plenty of their governors are all talking about it the economy will soar as well as the stock market. NY, Illinois, Michigan and California are all talking about ending their shutdowns now that Biden is in. Their covid statistics manipulation is suddenly favorable. Other blue states will soon be talking about opening too like NJ. The economy will roar for about a year or two max. Make no mistake about it. Democrats will destroy our energy independence quickly and the rest of the economy destruction tools will be in place like taxes and regulations. Once the sell off of stocks happen it will be horrific. People will lose half their future savings. The dollar could even be devalued. Democrats will of course blame Trump instead of their failures.
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My prediction. When the big blue states end their shutdowns and plenty of their governors are all talking about it the economy will soar as well as the stock market. NY, Illinois, Michigan and California are all talking about ending their shutdowns now that Biden is in. Their covid statistics manipulation is suddenly favorable. Other blue states will soon be talking about opening too like NJ. The economy will roar for about a year or two max. Make no mistake about it. Democrats will destroy our energy independence quickly and the rest of the economy destruction tools will be in place like taxes and regulations. Once the sell off of stocks happen it will be horrific. People will lose half their future savings. The dollar could even be devalued. Democrats will of course blame Trump instead of their failures.
With half the country potentially sitting on their wallets we shall see.
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My prediction. When the big blue states end their shutdowns and plenty of their governors are all talking about it the economy will soar as well as the stock market. NY, Illinois, Michigan and California are all talking about ending their shutdowns now that Biden is in. Their covid statistics manipulation is suddenly favorable. Other blue states will soon be talking about opening too like NJ. The economy will roar for about a year or two max. Make no mistake about it. Democrats will destroy our energy independence quickly and the rest of the economy destruction tools will be in place like taxes and regulations. Once the sell off of stocks happen it will be horrific. People will lose half their future savings. The dollar could even be devalued. Democrats will of course blame Trump instead of their failures.
I agree with the first half. But if Republicans get majorities in Congress after 2022, Harris will reduced to executive orders and actions (still very potentially damaging). We never escaped the "new norm" of sluggish GDP growth, so I'll be paying close attention to the market as it roars. I captured a 35% gain in the 13 months after Trump was elected and I'm a bit sanguine that we might see something like that again.
Do not take financial advice from me or other strangers. :D
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But if Republicans get majorities in Congress after 2022
Ha, not likely.
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You could add a 4th tile there for r/bitcoin. ;D
(https://media.tenor.com/images/8b371e5406316a070838adf8c0aeb105/tenor.gif)
So true. ;D
Here's the media living up to expectations. They're like a snake that considers any resistance to the coil they're wrapping around our necks as hate.
"Stay away from money, that's for us." They'll ban regular folks from buying stocks if they're too successful.
(https://i.postimg.cc/J79fZFBv/Esta-LEm-XUAEXu-f.jpg)
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The big thing during the next 4 years will be ESG funds...
ESG Funds: defines a strategy as a “Sustainable Investment” if it is described as focusing on sustainability, impact, or environmental, social, and governance.
(https://image.cnbcfm.com/api/v1/image/106625088-1595330369550-gettyimages-1160311455-AFP_1JE6OY.jpeg?v=1595330510)
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Speaking of the stock market, does anyone recall Mr Anabolics for a stock market crash, in each of the years 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021?
He was almost actually right in 2020 ... until he wasn't. LOL! ::)
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Speaking of the stock market, does anyone recall Mr Anabolics for a stock market crash, in each of the years 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021?
He was almost actually right in 2020 ... until he wasn't. LOL! ::)
You don't seem to make these sort of posts when Bitcoin is in the shitter. ;D
CNBC blames Game Stop, Elon Musk, racist Reddit, etc... for a down day in the market. Anything but the fact that the blue states shutting down and Biden being in office....and hidden well below all that is the poor earnings.
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So true. ;D
Here's the media living up to expectations. They're like a snake that considers any resistance to the coil they're wrapping around our necks as hate.
"Stay away from money, that's for us." They'll ban regular folks from buying stocks if they're too successful.
(https://i.postimg.cc/J79fZFBv/Esta-LEm-XUAEXu-f.jpg)
is that VICE page real?
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is that VICE page real?
written by a jew so yes
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You don't seem to make these sort of posts when Bitcoin is in the shitter. ;D
CNBC blames Game Stop, Elon Musk, racist Reddit, etc... for a down day in the market. Anything but the fact that the blue states shutting down and Biden being in office....and hidden well below all that is the poor earnings.
:D
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It seems AMC is the stock to buy now.
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"We're the stock market traders now." :D
(https://i.postimg.cc/MHC5fZ19/savetweetvid-Esxa-53-W4-AAs8-N.gif)
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It seems AMC is the stock to buy now.
Yes if you bought it before today.
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With the collective wealth of getbiggers we could surely influence a move...which company should we target?
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It seems AMC is the stock to buy now.
American Airlines (AAL) is probably the next.
30% shorts.
Other airlines are all under 5% short position
Watch closely, any internet discussion will be stifled
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Watch closely, any internet discussion will be stifled
The new economy will be jump started by hiring the unemployed to erase bad words, empowering news stories and stuff that hurt the democrats feelings on the evil white supremacists interwebs
Wages start at 15 dollars an hour, with bonus' handed out for any arrests and successful death sentences carried out for these terroristic crimes.
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The transexuals are our new overlords. Getbig should crowd fund a tranny clothing line startup. With all the schmoes on here we'll corner the growing market.
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The transexuals are our new overlords. Getbig should crowd fund a tranny clothing line startup. With all the schmoes on here we'll corner the growing market.
We should start a team in a female sports league and fill it up with dime piece trannies.
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Nobody's mentioning the stock market was down across the board yesterday. We're at the end of a pandemic with vaccines being distributed and the majority of stocks are down. Short sellers are having a field day. That should be a red flag to everyone about what the next four years are going to look like.
CEO's need to keep their jobs and they'll do what they have to to make shareholders happy. Eventually that trickles down to the economy in terms of unemployment and lower wages. Democrats seem to be clueless as to how badly the economy is tanking right now.
There's only so much they can borrow and spend their way out of this hole. All the previous Presidents have left a mountain of debt ($27.8 Trillion currently). The next four years aren't going to be a fun ride for the working class.
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This recent GAMESTOP debacle just goes to show how much this market is driven by sheer speculation.
So a bunch of internet trolls incite enough movement to substantially increase gamestop's share price, which then gets Musk to double down on his troll game, which then causes a snowball effect that makes big hedge funds the losers on this "short" rollercoaster ride.
The ultra rich have been enjoying this game for a long time. Going short on an already collapsing stock to still make money off the hardship of the poor (the rich get the last laugh). So the common man decides to stick it to the dirty rich.
Again, just more proof that this market is a bubble filled with hot speculation. When the average man can essentially pull the reverse of a "pump and dump" and instead shit on the rich that thought they would walk away with a steal!
"1"
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This recent GAMESTOP debacle just goes to show how much this market is driven by sheer speculation.
So a bunch of internet trolls incite enough movement to substantially increase gamestop's share price, which then gets Musk to double down on his troll game, which then causes a snowball effect that makes big hedge funds the losers on this "short" rollercoaster ride.
The ultra rich have been enjoying this game for a long time. Going short on an already collapsing stock to still make money off the hardship of the poor (the rich get the last laugh). So the common man decides to stick it to the dirty rich.
Again, just more proof that this market is a bubble filled with hot speculation. When the average man can essentially pull the reverse of a "pump and dump" and instead shit on the rich that thought they would walk away with a steal!
"1"
There were at least fifteen things happening in the market yesterday that were WAY more important than this silly Gamestop story that aren't even talked about. BIG BIG names were being hammered right and left. Sorry, that shouldn't be the case coming out of a pandemic. People who know how to read the overall market understand what it's saying.
GOOGLE was down four percent yestereday. GOOGLE! I bought. ;D
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This recent GAMESTOP debacle just goes to show how much this market is driven by sheer speculation.
So a bunch of internet trolls incite enough movement to substantially increase gamestop's share price, which then gets Musk to double down on his troll game, which then causes a snowball effect that makes big hedge funds the losers on this "short" rollercoaster ride.
The ultra rich have been enjoying this game for a long time. Going short on an already collapsing stock to still make money off the hardship of the poor (the rich get the last laugh). So the common man decides to stick it to the dirty rich.
Again, just more proof that this market is a bubble filled with hot speculation. When the average man can essentially pull the reverse of a "pump and dump" and instead shit on the rich that thought they would walk away with a steal!
"1"
Speculation? Don't you mean MANIPULATION? The richer people get, the more they can manipulate the markets.
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Speculation? Don't you mean MANIPULATION? The richer people get, the more they can manipulate the markets.
In the big (macro) picture, it's speculation.
What's keeping the stock market so plump during the first pandemic of our time? How is it that our economy is suffering so much, yet the various indexes still keep doing so well? The simple reason based on economics is that the value of assets is the reciprocal of the value of money and credit. The cheaper money and credit are (which is the current case right now), the more expensive asset (stock) prices are. So this is just a game based on market speculation. So as long as we can speculate that the price of the dollar & credit will continue to get cheaper, the longer we can keep gambling in the market indexes, knowing very well that we can keep riding this winning streak. The moment the Federal Reserve starts to give hints of possible deflationary practices, we can all pull out before blowing our wads.
At the micro sense, you're absolutely right. Those with all the gold make all the rules. The rich manipulate the market with pump and dump schemes to win on the up and shorting to win on the way down. The rich always win by many respects. This GAMESTOP example (amongst the various other smaller stocks that experienced the same scheme) just shows that if you really wanted to stick it to the rich, you can if you have the numbers to do so.
"1"
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Robinhood, Interactive Brokers restrict trading in GameStop stock and options
https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html
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Robinhood, Interactive Brokers restrict trading in GameStop stock and options
https://www.cnbc.com/2021/01/28/robinhood-interactive-brokers-restrict-trading-in-gamestop-s.html
Will you look at that? Awwww, is Robinhood coming in to rescue the dirty rich while fucking over it's userbase (the poor)?
Fucking amazing! Robinhood has the audacity to restrict trading activity on these stocks that were heavily shorted by hedge funds a few days back, because the poor masses decided to shit on the rich's party?
Well, now we know whose side Robinhood is on. This could possibly not bode well for Robinhood given that they showed their true colors.
"1"
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There were at least fifteen things happening in the market yesterday that were WAY more important than this silly Gamestop story that aren't even talked about. BIG BIG names were being hammered right and left. Sorry, that shouldn't be the case coming out of a pandemic. People who know how to read the overall market understand what it's saying.
GOOGLE was down four percent yestereday. GOOGLE! I bought. ;D
The 634 point drop probably signaled the end of the Trump administration economic heroics.
The bubble will burst quickly under the Biden administration and the losses in the real estate market will follow behind by a year.
Biden’s massive failures are going to make the incompetent Obama administration look like savants.
Buckle up gentlemen, the American dream has ended for 50% of the population
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Speaking of the stock market, does anyone recall Mr Anabolics for a stock market crash, in each of the years 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, and 2021?
He was almost actually right in 2020 ... until he wasn't. LOL! ::)
I'm still waiting for Bostin Lloyd to "go down". Remember that famous post you made? Your credibility is zero on this forum.
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The 634 point drop probably signaled the end of the Trump administration economic heroics.
The bubble will burst quickly under the Biden administration and the losses in the real estate market will follow behind by a year.
Biden’s massive failures are going to make the incompetent Obama administration look like savants.
Buckle up gentlemen, the American dream has ended for 50% of the population
Ding Ding Ding Ding Ding Ding!
We have a winner!
"1"
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The new economy will be jump started by hiring the unemployed to erase bad words, empowering news stories and stuff that hurt the democrats feelings on the evil white supremacists interwebs
Wages start at 15 dollars an hour, with bonus' handed out for any arrests and successful death sentences carried out for these terroristic crimes.
The new economy has already started my friend. The underground one I mean.
It will take a long time for Washington to realize what happened but then it will be too late.
BTW, look for a resurgence of direct mailing by businesses, cash transactions, increased use of small businesses to shield income, etc. The list goes on...
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The 634 point drop probably signaled the end of the Trump administration economic heroics.
The bubble will burst quickly under the Biden administration and the losses in the real estate market will follow behind by a year.
Biden’s massive failures are going to make the incompetent Obama administration look like savants.
Buckle up gentlemen, the American dream has ended for 50% of the population
Jimmy Carter levels of STAGFLATION are coming soon.
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Will you look at that? Awwww, is Robinhood coming in to rescue the dirty rich while fucking over it's userbase (the poor)?
Fucking amazing! Robinhood has the audacity to restrict trading activity on these stocks that were heavily shorted by hedge funds a few days back, because the poor masses decided to shit on the rich's party?
Well, now we know whose side Robinhood is on. This could possibly not bode well for Robinhood given that they showed their true colors.
"1"
Maybe Robinhood woke up to see his horse's severed head on his bed this morning.
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The 634 point drop probably signaled the end of the Trump administration economic heroics.
The bubble will burst quickly under the Biden administration and the losses in the real estate market will follow behind by a year.
Biden’s massive failures are going to make the incompetent Obama administration look like savants.
Buckle up gentlemen, the American dream has ended for 50% of the population
You hit the nail on the head, LG. Already seeing signs here in South Carolina, a relatively "hot" housing market.
And as usual, liberal Democrats will fuck up everything they touch, although at this point there is only one party in DC - the party of power, with Democrats and Republicans under the same roof. Here in SC Lindsay Graham and Tim Scott, both Republicans, act like Democrats anyways.
I just had a conversation with my son today about the collapse of the "American Dream"- thanks 100% to Washington DC. But there is always a plan B. It will be a wild ride.
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The 634 point drop probably signaled the end of the Trump administration economic heroics.
The bubble will burst quickly under the Biden administration and the losses in the real estate market will follow behind by a year.
Biden’s massive failures are going to make the incompetent Obama administration look like savants.
Buckle up gentlemen, the American dream has ended for 50% of the population
yup, a few weeks ago i said, hang on to your asses. its gonna get really ugly.
Discord also banned for hate speech to shut down this gaemspot type affair.
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There were at least fifteen things happening in the market yesterday that were WAY more important than this silly Gamestop story that aren't even talked about. BIG BIG names were being hammered right and left. Sorry, that shouldn't be the case coming out of a pandemic. People who know how to read the overall market understand what it's saying.
GOOGLE was down four percent yestereday. GOOGLE! I bought. ;D
Quoted for posterity. ;)
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Financial news is more fake than the political news, blaming a short squeeze on a few fucking unemployed losers on Reddit who probably have less than 5K in their accounts.😂
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Financial news is more fake than the political news, blaming a short squeeze on a few fucking unemployed losers on Reddit who probably have less than 5K in their accounts.😂
It's the same people left holding the bag every time. You can assume any mainstream financial news is paid for lobbying like in political "reporting". Everything will be great and resilient until the smart money sneaks out the side door.
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You hit the nail on the head, LG. Already seeing signs here in South Carolina, a relatively "hot" housing market.
And as usual, liberal Democrats will fuck up everything they touch, although at this point there is only one party in DC - the party of power, with Democrats and Republicans under the same roof. Here in SC Lindsay Graham and Tim Scott, both Republicans, act like Democrats anyways.
I just had a conversation with my son today about the collapse of the "American Dream"- thanks 100% to Washington DC. But there is always a plan B. It will be a wild ride.
The market is reacting to an unsteady administration in Washington, mortgage rates continue to decrease this week, just slightly. Even as house prices increase at the fastest rate the market has seen in years. Competition to buy is strong given the low inventory that exists across the country. The fact that there are not enough homes to meet demand is going to be an ongoing issue for the foreseeable future. Lending practices will be relaxed, the investors and flippers will get over-leveraged, then rates will rise.
This is almost exactly what happened from 2009 - 2014. Homeowners are dipping back into their equity like it is an ATM machine and the end result will be that Biden’s inflation will burst the housing bubble.
It won’t happen today, because home building lags behind the market by a year. So as the economy starts its crash, home inventory will rise, and by next summer (2022) if rates increase sharply the entire house of cards will implode.
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Financial news is more fake than the political news, blaming a short squeeze on a few fucking unemployed losers on Reddit who probably have less than 5K in their accounts.😂
Reddit brought it to the attention of big money and someone else decided to make money of Melvin Capital’s greedy short position.
So far, nothing appears to have been done illegally...until the government steps in to save their Wall Street owners.
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American Airlines (AAL) is probably the next.
30% shorts.
Other airlines are all under 5% short position
Watch closely, any internet discussion will be stifled
Good Calll on AAL.
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Good Calll on AAL.
Actually, if AA's price goes back down to the $9 mark, I might go in.
"1"
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Will you look at that? Awwww, is Robinhood coming in to rescue the dirty rich while fucking over it's userbase (the poor)?
Fucking amazing! Robinhood has the audacity to restrict trading activity on these stocks that were heavily shorted by hedge funds a few days back, because the poor masses decided to shit on the rich's party?
Well, now we know whose side Robinhood is on. This could possibly not bode well for Robinhood given that they showed their true colors.
"1"
That is some real BS there. Not allowing people to buy certain stocks, but can sell them.
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I’m hearing a lot of so-called experts on financial news saying that the market is getting frothy. This is true but markets can stay overbought/sold for a long period of time. So yesterday the market took a big hit and I’m sure a lot of fools jumped in short and got burned today.
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That is some real BS there. Not allowing people to buy certain stocks, but can sell them.
It's absolutely madness my friend.
The rich can pump & dump and go short on the hopes and dreams of the poor, but when the poor decide to show the rich that it isn't just their money that can be used to make a profit, the powers that be swoop on it and try to fuck the poor by restricting their ability to make a profit.
Bill Ackman shorted the market just a while back while practically crying on national television about how the market will crash due to the pandemic. His little antics led to a $2.6 billion gain on a short bet on CDS indexes, but no one came in to save the common man while they lost all their money due to Ackman's crying.
Yet, somehow when the poor (I say poor, but I mean anyone who isn't grossing over $10 million per year), can't have a little fun while making a profit on the sinister deeds of the rich because big brother disguised as Robinhood decides to step in and stop them from making a few coins? Fuck that...
How fucking ironic, that the company that bears the name of a fictional character that would rob the rich for the benefit of the poor is INSTEAD helping to keep the rich rich at the expense of the poor. (Someone let me know if I am the first person to coin this spin on Robinhood, as Reuters nor Bloomberg has shown me any headlines suggesting anyone else using this spin)
"1"
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Good Calll on AAL.
$16.56 at close yesterday
Opened at $20.33 today.
The shorts are trying to cover quietly and keep it at $18.50.
Keep an eye on the volume to see if/when WSB makes their move.
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Actually, if AA's price goes back down to the $9 mark, I might go in.
"1"
I think WBS will take their profit on Bed Bath and Beyond today.
They spent a week setting it up, I’d say that is the candidate for squeezing the shorts today.
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Will you look at that? Awwww, is Robinhood coming in to rescue the dirty rich while fucking over it's userbase (the poor)?
Fucking amazing! Robinhood has the audacity to restrict trading activity on these stocks that were heavily shorted by hedge funds a few days back, because the poor masses decided to shit on the rich's party?
Well, now we know whose side Robinhood is on. This could possibly not bode well for Robinhood given that they showed their true colors.
"1"
the free market is only free until rich people start to lose money
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the free market is only free until rich people start to lose money
They are not telling you the truth folks. They would only allow you to sell, not buy...all these brokerages had short sale orders on Game Stop, Nokia, AMC, they were trying to crush the businesses and force them out of businesses. People were fighting back and the houses were loosing their backsides on their short sales, so they shut it down by only allowing you to sell your shares, not buy.This was a support our short sale positions or get out move.
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We lost confidence in their con-fidence game. :-X
(https://i.postimg.cc/FKBSz35S/ammyyy.jpg)(https://i.postimg.cc/jdHkfdj2/Es1m-Ew-QUUAIji-MT.jpg)
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aoc is on this
https://finance.yahoo.com/news/this-is-unacceptable-aoc-and-others-side-with-retail-investors-slam-robinhood-and-wall-street-amid-game-stop-mania-171906758.html (https://finance.yahoo.com/news/this-is-unacceptable-aoc-and-others-side-with-retail-investors-slam-robinhood-and-wall-street-amid-game-stop-mania-171906758.html)
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Robinhood, a stock trading platform, blocked its users from buying shares of GameStop, AMC and several other companies Thursday amid huge volatility.
https://www.usatoday.com/story/money/2021/01/28/gamestop-stock-robinhood-amc-express-bed-bath-beyond/4291760001/
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GameStop and AMC Theaters. LOL!
Such a con game. I'm just pissed nobody told me.
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Im no stock market expert, but this is wild how Robinhood is being dirty dirty corrupt and then Wallstreetbets gets shut down on reddit. Staggering how the rich are being protected.
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These trading apps that stopped people from buying should be shut down. WHO THE FUCK DO THEY THINK THEY ARE??? They have one role. Let me buy and sell stock. Don't tell me what I can and cannot buy.
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yeah wait until the shut down the physical bank branches
cause protestors drive them out
thats going to be fun
stuck with only digital funds
you got what you voted for
glad im not poor and a uber driver
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yeah wait until the shut down the physical bank branches
cause protestors drive them out
thats going to be fun
stuck with only digital funds
you got what you voted for
glad im not poor and a uber driver
Tel us your craziest Uber story.
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And you thought the stock market wasn’t rigged?
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Biden administration Treasury Secretary Janet Yellen received $800G from hedge fund in Gamestop controversy; WH doesn't commit to recusal
https://www.foxnews.com/politics/yellen-robinhood-citadel-gamestop-speaking-fees
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And you thought the stock market wasn’t rigged?
Impeachable offense. Let's go GOP, haha.
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(https://cms.zerohedge.com/s3/files/inline-images/2924F9F8-4F70-49DC-A048-554258FE0E7F.png?itok=kB69jWhO)
It's getting even better.
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good people out fighting the goood fight
i wonder how much melvin made ::)
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(https://pbs.twimg.com/media/Es1R7JpXYAEANiK?format=jpg&name=medium)
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Has anyone here profited from this or know anyone that has?
Some are speculating that these "regular people" speculators are being set up as cover or future scapegoats for some kind of collapse.
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2021 is a Year of Super Shemitah. :-\
1901-1902 Year of Shemitah - Stock market drops almost 50%.
1916-1917 Year of Shemitah (*Super Shemitah Year) - Stock market drops 40%. United States enters WWI. Germany, Russia, Austria, Turkey and Great Britain suffer economic collapse.
1930-1931 Year of Shemitah - The Great Depression. The worst financial crisis in modern history.
1937-1938 Year of Shemitah - Half of the stock market collapses sparking a global recession.
1944-1945 Year of Shemitah - End of German Reich and Britain's hold on territories. Establishment of America as the world's superpower. Bretton Woods Conference giving the U.S. Dollar Global Reserve Currency status; and diminishing of gold’s influence.
1965-1966 Year of Shemitah (*Super Shemitah Year) - Stock market drops almost 25%
1972-1973 Year of Shemitah - Stock market crashes almost 50%. Global recession; US oil crisis.
1979-1980 Year of Shemitah - Global recession.
1986-1987 Year of Shemitah - “Black Tuesday”; stock market crashes by 1/3.
1993-1994 Year of Shemitah - Bond market crash.
2000-2001 Year of Shemitah - 9/11. Markets open on final day of Shemitah, September 17; stock market falls 700 points.
2007-2008 Year of Shemitah - On the last day of The Shemitah Tear, September 29, the stock market drops a record 777 points.
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Looks like losses have come close to 70 billion so far. .
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Has anyone here profited from this or know anyone that has?
Some are speculating that these "regular people" speculators are being set up as cover or future scapegoats for some kind of collapse.
Rumor is that Elon Musk was in a week ago because of what these hedge funds tried to do to Tesla when they were shorting that stock.
The scary problem is, this might be the canary in the coal mine? The economy has been in decline due to COVID for 9 months while the stock market has soared. Biden can’t keep the Trump economy humming along and that could really be a red flag here? (Hint, Hint).
Figure it out folks. Sit down with your financial advisor and really look at your portfolio. Look for the similarities to when Obama took office. Without seeming like chicken little, a long term strategy could include as much as a 50% divestment.
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Rumor is that Elon Musk was in a week ago because of what these hedge funds tried to do to Tesla when they were shorting that stock.
The scary problem is, this might be the canary in the coal mine? The economy has been in decline due to COVID for 9 months while the stock market has soared. Biden can’t keep the Trump economy humming along and that could really be a red flag here? (Hint, Hint).
Figure it out folks. Sit down with your financial advisor and really look at your portfolio. Look for the similarities to when Obama took office. Without seeming like chicken little, a long term strategy could include as much as a 50% divestment.
Loco will be along with the ghost of Jack Bogle to say you need to stay in the market forever and take your beating like you always have. ;D
Jack Bogle would've called mega bullshit on what is going on right now.
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Biden administration Treasury Secretary Janet Yellen received $800G from hedge fund in Gamestop controversy; WH doesn't commit to recusal
https://www.foxnews.com/politics/yellen-robinhood-citadel-gamestop-speaking-fees
This whole situation stinks. Massive corruption going on.
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Loco will be along with the ghost of Jack Bogle to say you need to stay in the market forever and take your beating like you always have. ;D
Jack Bogle would've called mega bullshit on what is going on right now.
Well let me make myself clear on the GameStop, Robinhood, hedge fund shorts fiasco.
IF....IF....IF the Reddit group or whoever is behind this held out today and didn’t sell, the stock will bounce back tomorrow. Obviously no one knows how far or how Wall Street will try to control that.
BUT....BUT....BUT if you can stomach the risk, there could be a once in a lifetime opportunity tomorrow, at least for a few hours.
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Tel us your craziest Uber story.
i haven't had one bro
im very respectful to servants
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Class action law suit against Robinhood in the works. The plantiifs will win. But it'll be the usual fine and back to business. No one will go to jail.
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:D
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Im no stock market expert, but this is wild how Robinhood is being dirty dirty corrupt and then Wallstreetbets gets shut down on reddit. Staggering how the rich are being protected.
You lose money = Wall Street : "That's just part of the game"
Wall Street loses money = Gov't shuts down the game.
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Citadel, which I think owns Robinhood, reloaded on shorts before Robinhood shut down buying it
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Citadel, which I think owns Robinhood, reloaded on shorts before Robinhood shut down buying it
Citadel probably executes trades for Robinhood.
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Some brokerages are opening back up after threats of being sued.
Coinbase is going public.
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this is wildddddddddddddd,.....this guy is a legend
https://www.reddit.com/r/wallstreetbets/comments/l78uct/gme_yolo_update_jan_28_2021/
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2021 is a Year of Super Shemitah. :-\
1901-1902 Year of Shemitah - Stock market drops almost 50%.
1916-1917 Year of Shemitah (*Super Shemitah Year) - Stock market drops 40%. United States enters WWI. Germany, Russia, Austria, Turkey and Great Britain suffer economic collapse.
1930-1931 Year of Shemitah - The Great Depression. The worst financial crisis in modern history.
1937-1938 Year of Shemitah - Half of the stock market collapses sparking a global recession.
1944-1945 Year of Shemitah - End of German Reich and Britain's hold on territories. Establishment of America as the world's superpower. Bretton Woods Conference giving the U.S. Dollar Global Reserve Currency status; and diminishing of gold’s influence.
1965-1966 Year of Shemitah (*Super Shemitah Year) - Stock market drops almost 25%
1972-1973 Year of Shemitah - Stock market crashes almost 50%. Global recession; US oil crisis.
1979-1980 Year of Shemitah - Global recession.
1986-1987 Year of Shemitah - “Black Tuesday”; stock market crashes by 1/3.
1993-1994 Year of Shemitah - Bond market crash.
2000-2001 Year of Shemitah - 9/11. Markets open on final day of Shemitah, September 17; stock market falls 700 points.
2007-2008 Year of Shemitah - On the last day of The Shemitah Tear, September 29, the stock market drops a record 777 points.
except you missed the years that were Shemitah that nothing happened
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this is wildddddddddddddd,.....this guy is a legend
https://www.reddit.com/r/wallstreetbets/comments/l78uct/gme_yolo_update_jan_28_2021/
Holy shit, now that is balls of titanium.
If the Reddit WSB folks held today, I can’t even imagine what will happen tomorrow.
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except you missed the years that were Shemitah that nothing happened
Okay....BUT...the more recent ones....1987 Black Tuesday, 1994 Bond Market, 2001 Dot Com Bust/911 and 2008 Great Recession are enough to raise an eyebrow. That's every time since 1987 except for 2014....but 2010-2015 you had ZIRP and other measures to keep things going because things in 2008 got a bit out of hand.
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Starting to look like they want to blame a crash on some Reddit nerds making some $$$. The reporting on the issue is very suspect.
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Interesting Read:
This isn't financial advice and my opinion and analysis is presented for entertainment value, whether you have a long or short position in the market today or are just watching what's happening and trying to understand it, try to have some fun and appreciate the unprecedented historical events happening. Before making any investment assess what level of risk you can take and do your own research and find a financial advisor you can trust.
At the center of the current situation in the stock market is GameStop stock. The reason GameStop is at the center is because it was a struggling business which hedge funds (large organized investment institutions) figured was going to go bankrupt, so they short sold the stock to try to make a profit (they borrowed shares of the stock and then immediately sold the stock, agreeing to deliver the stock at an unspecified date in the future, anticipating being able to buy shares later at a lower price and profit.)
The short sellers who did this trade shorted over 100% of the available shares, about 140% of the float of shares were shorted when this story started picking up steam. Contrary to some media reports, this short interest hasn't been covered, its actually expanding, financhill.com reports that 250% of the float is currently shorted, meaning existing shorts actually doubled down.
You might ask how is it even possible that 250% of the float got shorted in the first place. The answer should be that it shouldn't ever have been, it was extremely risky to do, it possibly was illegal to do, and it most definitely should have been illegal to do. But it happened anyways. (1)
>>
Anonymous (ID: 8uFb90VE) 01/28/21(Thu)03:27:08 No.▶
>>26798728 >>26800330 >>26804828
Now, back in the summer, a few smart value investors like Michael Burry of the Big Short fame and RoaringKitty on YouTube saw this level of short interest and decided to start buying stock, recognizing that the price of the shares had been artificially driven down by the high level of short interest and that the fundamental qualities of the business were actually a lot healthier than the share price reflected, so they started buying up stock.
Then once these smart investors made these purchases, other people started to follow suit, either because they saw their analysis of the stock and agreed with it and bought in, or simply because they saw the stock trending in an upwards direction in bought in. Doesn't really matter. Then other events happened which drove the stock price up higher, like Chewy executives getting involved with the company and GameStop having a good winter because of the new console launches.
At no point in this situation did the short interest decrease significantly, in fact its only increased relative to the float. And the price has absolutely skyrocketed during that time.
Because the short sellers are contractually obligated to buy the stock back at some point, those holding the stock can essentially dictate the price that needs to be paid for it through the market. And since the short interest is so high, those obligated to buy back the stock might not even have enough money to even cover it if they started buying immediately. (2)
>>
Anonymous (ID: EubbCcoS) 01/28/21(Thu)03:27:59 No.▶
>>26802450 >>26804196
>>26797983 (OP)
i didnt read any if that but now i want to go watch the big short again
>>
Anonymous (ID: 8uFb90VE) 01/28/21(Thu)03:28:08 No.▶
>>26798728 >>26800330 >>26804828 >>26806934
Now you might ask, if the funds who were short on gamestop cannot cover their obligations, what happens. Well, because they are contractually obligated, if they cannot continue to post collateral with the institutions they sold the stock short through to cover their rising debts (meeting the margin call), they will be forcibly liquidated in order to try to cover. But since they are short well over 100% of the stock, they can't cover. So even after they are liquidated, there will still be an unfulfilled obligation, which would be assumed by their prime broker. Prime brokers are investment banks who take on risks like this for hedge funds in the event that the fund makes bad trades and is forcibly liquidated. Because of the 2008 crash (when Bears Stearns failed) counterparty risk is now usually spread out, it's not assumed just by one bank on behalf of one fund, but by multiple banks to reduce the risk of any one bank failing because of bad trades made by one hedge fund.
However, the level of current exposure the banks have is actually mind blowingly large, and I'll explain why.
The fund who took the most prominent short position against GameStop in the media is Melvin Capital. Melvin Capital is one of the most known hedge funds that specialize in short selling. They have historically been very profitable for their clients, to the point that there is such a demand from investors (called limited partners in this situation) that the fund has turned away many clients in the past because they don't need them. This led to a rise in copycat funds who essentially just copy everything that Melvin does and get people who want to invest with Melvin but can't to invest with them. (3)
>>
Anonymous (ID: 8uFb90VE) 01/28/21(Thu)03:29:16 No.▶
>>26798594 >>26798728 >>26800330 >>26802795 >>26804828 >>26808275
So if Melvin's risk is absorbed by 2 or 3 banks acting as prime brokers for Melvin, the counterparty risk for the trades made by Melvin actually spreads out to increase exposure to potentially every large investment bank which acts as a prime broker for hedge funds, because if they don't have exposure to Melvin's risk, they likely have exposure to other funds which copy Melvin.
But the story doesn't stop there. Because the price squeeze on the GameStop short sellers is enormous and theoretically infinite, GameStop stock is essentially just a money printer which has continually rising value in the market. Because the value of the equity continues to increase, GameStop shareholders are able to borrow more and more money against GameStop stock on margin through their brokers. Recognizing the financial reasons why this trade has gone so successfully in their favor, many of these traders are now using either more of their money or more money borrowed against GameStop stock (which is effectively a money printer) to also buy up stock in other heavily shorted companies to also apply pressure to those short sellers.
So the situation is quickly becoming one where the short sellers cannot cover even their position in GameStop let alone all of their other short positions because they just don't have enough money. As long as the stock holders continue to hold, the short sellers will not be able to meet their obligation, the value of the stock will continue to increase, the amount of money that can be borrowed against GameStop stock will increase, that borrowed money will then be used to further increase the pressure on other short sellers. (4)
So the end result of all of this is likely going to be that every single investment bank in the country with exposure to this risk, which could be every single investment bank in the country, is forcibly liquidated. It's an even worse situation for the banks than the housing crash because in 2008 their level of exposure was actually limited, in this situation it is theoretically unlimited.
Check all of the big investment bank stocks, they've all been down for several days in a row. At this point in the game, it seems very likely that they're going straight into the ground. Power to the players.
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Looks like the damage from this ran deeper than most realized. It was crashing the system and clearing houses couldn't fulfill the settlements fast enough to pay people
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Yes, quite interesting
What's happening is more general public/ or rather larger groups of people in internet groups got an eye for the inside game of the wallstreet manipulators, ganged up, and used their own game against them. Force of the masses basically.
Because of this, the manipulators tries to protect their own by setting restrictions on the trader apps.
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(https://cms.zerohedge.com/s3/files/inline-images/2021-01-29%20(1).png?itok=OckOLLW1)
(https://cms.zerohedge.com/s3/files/inline-images/2021-01-29_6-45-53.jpg?itok=pcfQtjZp)
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Yes, quite interesting
What's happening is more general public/ or rather larger groups of people in internet groups got an eye for the inside game of the wallstreet manipulators, ganged up, and used their own game against them. Force of the masses basically.
Because of this, the manipulators tries to protect their own by setting restrictions on the trader apps.
Its more than a few reddit users. To make a stock go up billions meant some large pockets were involved. Some very rich people played this game as well.
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When people were unable to pay their mortgages, bills etc. and losing their homes during COVID the government took 6 months to send them help, in the form of a $600 check.
As people continued to struggle to meet ends during this pandemic the government withheld relief checks for a purely political purpose. To this day the second round of relief help is still being held up by the government. Those relief checks are rumored to be $1,400 and have been held for close to 6 months. To date there has been no discussion of investigating why the relief money was purposely held back from the public.
When Wall Street billionaires were at risk of losing money yesterday the government stepped in to protect them within hours. They illegally shut down free market stock trading and shielded their billionaire donor friends. Before noon yesterday politicians were calling for an investigation and new regulations to protect hedge funds and hedge fund managers. Every MSM outlet covered this story to some degree yesterday.
And the relief checks for the public are still waiting.
Now explain to me how that is a government “for the people?”
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One thing "Wall Street" learned this week is they can shake this market with impunity. I'm not sure most Boomers, getting ready to retire, can bare the sea sickness the market is getting ready to unleash on them.
Trump kept the rocking of the market in check, but Biden doesn't consider that important. Short sellers are going to have some fun over the next few years. Get ready for the roller coaster ride. Most Boomer will get tired of the volatility and decide to sit on the sidelines.
I don't believe buy and hold is a good strategy with the coming stormy market. FANG stocks are probably an exception and you will see many take refuge in them from the rest of the market.
Be very cautious of oil stocks. The news about electric cars coming out of all the auto companies will destroy the business of great oil stocks like Exxon and Chevron.
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Its more than a few reddit users. To make a stock go up billions meant some large pockets were involved. Some very rich people played this game as well.
It’s ridiculous that people buy into the story that it was some Reddit users. To push the price up that much requires serious money.
Just the fact that the media is pushing that narrative tells you that there’s a lot more going on.
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It’s ridiculous that people buy into the story that it was some Reddit users. To push the price up that much requires serious money.
Just the fact that the media is pushing that narrative tells you that there’s a lot more going on.
100%... most people don't know how much money it would take to make a short squeeze happen.... someone/something else is at play here... not some random users on a Reddit board
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(https://s.yimg.com/ny/api/res/1.2/BrolH.fcKHKXXuSvYGjZlQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ3OS41NzMzMzMzMzMzMzMz/https://s.yimg.com/uu/api/res/1.2/jHv3G77bs8PE7biMXE06gA--~B/aD01NjI7dz0xMTI1O2FwcGlkPXl0YWNoeW9u/https://media.zenfs.com/en/hearst_mens_health_171/907dad1e3b60e35753fbd44f5630ddd4)
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I think I read that the WSB has 3 million members.
If they pooled money, stuck together, and have Elon Musk and the Chewy.com owner on board they could pull this off.
They higher GameStop climbs, the higher they can buy on margin.
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Im just curious, has anyone on here made $$ from following stocks on reddit?
I made PILES of pretend money
wonder if welfare would back me on a purchase? :D ::)
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Im just curious, has anyone on here made $$ from following stocks on reddit?
I made PILES of pretend money
wonder if welfare would back me on a purchase? :D ::)
Funny enough I bought American Airlines stock months ago at $9 per share because eventually covid will end and it will sky rocket. It was at $17 for a while now and jumped over $20 from this reddit thing. I didn't sell. It should get back to $40 by end of year once travel gets back to normal.
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Funny enough I bought American Airlines stock months ago at $9 per share because eventually covid will end and it will sky rocket. It was at $17 for a while now and jumped over $20 from this reddit thing. I didn't sell. It should get back to $40 by end of year once travel gets back to normal.
hmmm so you look like you do, make great money from stonks and score hot women
,................................bah go play in traffic :D :D
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Portnoy is starting to fly too close to the sun. He’d best be careful.
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I love these Reddit guys!
I now (finally) understand exactly what they did.
True getbig caliber individuals.
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Yup.
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Robinhood did what they had to do. They couldn’t cover any of the trades yesterday so they had to pause. They got $1 billion in Vc money last night so they could cover. It wasn’t a conspiracy. They would have crashed themselves if they didn’t stop trading.
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And selling info to hedge funds has nothing to do with them stopping buying of Gamestop shares...
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And selling info to hedge funds has nothing to do with them stopping buying of Gamestop shares...
Robinhood has to cover all trades and had no way of executing them. They operate in a strange way. They don't work like a normal brokerage.
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Man, the Dow Jones, S&P 500, Nasdaq, Russell 2000 & 3000 ALL got hit on the balls today.
Cold blooded..
"1"
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Man, the Dow Jones, S&P 500, Nasdaq, Russell 2000 & 3000 ALL got hit on the balls today.
Cold blooded..
"1"
Yup. They want to blame Reddit for it. Make them out to be villains.
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I don't think people are grasping how huge this reddit/gamestop thing could be. A modern day version of tulip mania!
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Yup. They want to blame Reddit for it. Make them out to be villains.
Hey, while I still have you on the phone, let me run something by you and everyone else that has an active hand in the market.
Here's a theory from a buddy of mine that works at one of the big hedge funds regarding what went down with Robinhood. He believes Robinhood shut down trading for a good reason. Not the reason being advertised, but instead a much more sinister reason.
In order:
- Robinhood runs all their trades through Citadel. Citadel, in turn, has been making a shitload of money by frontrunning on all of the trades they do, since they see what's coming in and going out via Robinhood (they can capitalize on all this activity by predicting what will rise versus fall).
- But then all of a sudden Citadel goes long on Gamestop and simultaneously Melvin Capital starts to get crushed badly, which results in Melvin Capital going to Citadel asking for money.
- Citadel in turn puts $2.7Billion dollars into Melvin Capital AND then turns around and tells all of its retail traders (the average person using Robinhood) that Citadel is now on the other side of this trade equation and are stuck shouldering the burden of trying to bail Melvin Capital out, so the retail traders are told to stop their shit in order to let this shit simmer out.
Thoughts? And of course this theory is open for discussion to everyone.
The rich stick with the rich. There's no one coming to save the poor.
"1"
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Not good news...not good news at all.
When the market has a bull run as has been the case since last Spring, people forget the market can actually go down and real fast.
That said, it’s only 4% off the all time high and still 10% above the 200 day moving average. So, currently the longer trend is still up.
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The scary thing about these apps like Robinhood is that once the ground breaks beneath the market, good luck selling quickly. They will collapse under heavy volume. You are essentially kissing your money goodbye.
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There's a lot of whistling past the graveyard going on right now.
They've been putting off a 40% drop for a while now IMO.
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I think I read that the WSB has 3 million members.
If they pooled money, stuck together, and have Elon Musk and the Chewy.com owner on board they could pull this off.
They higher GameStop climbs, the higher they can buy on margin.
1.8 million members before the spotlight was put on them this past week.
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I love these Reddit guys!
I now (finally) understand exactly what they did.
True getbig caliber individuals.
agreed
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Hey, while I still have you on the phone, let me run something by you and everyone else that has an active hand in the market.
Here's a theory from a buddy of mine that works at one of the big hedge funds regarding what went down with Robinhood. He believes Robinhood shut down trading for a good reason. Not the reason being advertised, but instead a much more sinister reason.
In order:
- Robinhood runs all their trades through Citadel. Citadel, in turn, has been making a shitload of money by frontrunning on all of the trades they do, since they see what's coming in and going out via Robinhood (they can capitalize on all this activity by predicting what will rise versus fall).
- But then all of a sudden Citadel goes long on Gamestop and simultaneously Melvin Capital starts to get crushed badly, which results in Melvin Capital going to Citadel asking for money.
- Citadel in turn puts $2.7Billion dollars into Melvin Capital AND then turns around and tells all of its retail traders (the average person using Robinhood) that Citadel is now on the other side of this trade equation and are stuck shouldering the burden of trying to bail Melvin Capital out, so the retail traders are told to stop their shit in order to let this shit simmer out.
Thoughts? And of course this theory is open for discussion to everyone.
The rich stick with the rich. There's no one coming to save the poor.
"1"
This blog (oh brother) explains what I think probably happened:
https://joelx.com/why-robinhood-stopped-trading-on-gme/16214/
He suggests that Robinhood and other brokers stopped allowing users to buy GME because the SEC says deliberately creating a short-squeeze (no homo) is illegal, and their legal teams may have been advising them they were at risk for litigation if they allowed this activity on their platform. Seems possible but then they opened it back up the next day, so I doubt this was the case.
His second argument, which I'm not sure I'm understanding correctly, is that if buying had remained unrestricted, the price of GME could have soared so high so quickly that traders with call options at a lower price would have been owed so much money that Robinhood would likely have been bankrupt. This seems more likely to me, and more likely than some firm pressuring them into it to avoid losses.
I'm not a financial advisor but am a bodybuilder and so have credibility on these topics.
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This blog (oh brother) explains what I think probably happened:
https://joelx.com/why-robinhood-stopped-trading-on-gme/16214/
He suggests that Robinhood and other brokers stopped allowing users to buy GME because the SEC says deliberately creating a short-squeeze (no homo) is illegal, and their legal teams may have been advising them they were at risk for litigation if they allowed this activity on their platform. Seems possible but then they opened it back up the next day, so I doubt this was the case.
His second argument, which I'm not sure I'm understanding correctly, is that if buying had remained unrestricted, the price of GME could have soared so high so quickly that traders with call options at a lower price would have been owed so much money that Robinhood would likely have been bankrupt. This seems more likely to me, and more likely than some firm pressuring them into it to avoid losses.
I'm not a financial advisor but am a bodybuilder and so have credibility on these topics.
It is absolutely the latter of the two.
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Wall Street Bets sub-reddit has added 500k accounts. It's being called a distributed hedge fund, which is interesting. The action being taken is basically like a DDOS attack on these hedge funds that are heavily shorted by a bunch of small accounts.
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What is going on here is much more interesting to me than crypto. This is the reason the billionaire class want to control speech/internet access and steer information through paid media. They fear the torches and pitchforks.
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This blog (oh brother) explains what I think probably happened:
https://joelx.com/why-robinhood-stopped-trading-on-gme/16214/
He suggests that Robinhood and other brokers stopped allowing users to buy GME because the SEC says deliberately creating a short-squeeze (no homo) is illegal, and their legal teams may have been advising them they were at risk for litigation if they allowed this activity on their platform. Seems possible but then they opened it back up the next day, so I doubt this was the case.
His second argument, which I'm not sure I'm understanding correctly, is that if buying had remained unrestricted, the price of GME could have soared so high so quickly that traders with call options at a lower price would have been owed so much money that Robinhood would likely have been bankrupt. This seems more likely to me, and more likely than some firm pressuring them into it to avoid losses.
I'm not a financial advisor but am a bodybuilder and so have credibility on these topics.
Theoretically as long as the stock goes up and people don’t sell they could Continue buying on margin driving the price so high that it would crash all banks. Robinhood was already struggling to cover and needed a billion $ the other night from investors in risk of imploding. Which is why I was saying that if a massive sell off comes they apps like robinhood will freeze people out and they’ll lose it all.
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Theoretically as long as the stock goes up and people don’t sell they could Continue buying on margin driving the price so high that it would crash all banks. Robinhood was already struggling to cover and needed a billion $ the other night from investors in risk of imploding. Which is why I was saying that if a massive sell off comes they apps like robinhood will freeze people out and they’ll lose it all.
Robinhood and others just like them are freezing people out by only allowing the purchase of one share at a time.
I think people are focusing on this at the micro level (GME) and maybe should look at the macro level.
Wall Street insiders shorted the U.S. economy based on insider information and some expected series of events, for example:
Crush economy with the pandemic under Trump, short the stocks affected the worst, buy back at bottom, lift Covid restrictions and market recovers.
Crush economy under Trump, short stocks, a Biden win, lift COVID restrictions, buy back before economy recovers.
Crush economy under Trump, short the stocks, a Biden win, keep Covid restrictions, Biden tanks economy, short even more, buy back years from now when economy recovers.
Some big money insiders (Musk, Buffett, Soros, Bloomberg?) have seen the trend of shorting and are now positioned to squeeze the shorts for their own gain. The don’t worry about the absolute downside because the government will bail out the hedge fund bankruptcies.
The only thing different this time is John McCain won’t be around to carry water for the crooked insiders.
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Wall Street Bets sub-reddit has added 500k accounts. It's being called a distributed hedge fund, which is interesting. The action being taken is basically like a DDOS attack on these hedge funds that are heavily shorted by a bunch of small accounts.
The end result is probably going to be a new generation of noobs getting into the stock market, as a result of this so-called David and Goliath story, and getting worked as they always do.
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The end result is probably going to be a new generation of noobs getting into the stock market, as a result of this so-called David and Goliath story, and getting worked as they always do.
They are possibly going to institute sell limits at closing price + 50% to keep this thing under control. It was literally minutes if not seconds from going logarithmic Wednesday night. If the squeeze actually does go into full effect it could take the whole market down. Imagine the iterative loop it will cause on the stock price, and thus on the amount of money the shorts will need to have to buy shares. If mine sells at $5000, the public stock price will reflect that, you see it and sell yours at $7500, the stock price jumps, your friend sees that and sells his at $10,000, and so on and so on... that money has to come from somewhere and it will be banks and the hedge funds liquidating their other holdings, thus tanking the market.
The insiders are going to pursue getting some kind of relief on the interest rates they're paying for not returning the stock, otherwise that $20 million per day fee they're paying now will just keep getting higher and higher and higher. That ends in virtually the same results as the short squeeze, just over a longer period of time.
And remember, “we the people” have all the shares and really have no incentive to sell! This could go on forever. Robinhood now has restrictions on as many as 50 stocks, including things like Tootise Roll and Rolls Royce. Their Terms of Service state “okay trade day + 2 biz days” to settle. If everyone liquidated their RH holdings Thursday morning, Monday\Tuesday is going to be a disaster like no one has seen since the Great Depression. You'll have millions of people trying to transfer their money from RH to their bank accounts. RH already raised almost $1 billion Thursday night to cover Wed/Thurs, because they didn't have enough capital to process the trade action.
So, layer that on top of the GME/AMC short saga, and its just going to be crazy. At this point, I'm just hoping people get their money out of RH by Wednesday before they go bankrupt. Any holdings left in RH (GME, AMC and GNUS bleh haha) will still be held by name and can be transferred out, but the cash...no one knows what will happen.
YMMV...consult with a financial professional 😉 yadda yadda yadda.
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#GME GO BRRRR
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Not verified as far as i know. ???
Is Jen Psaki's Brother the Lead Trader at Citadel? Conspiracy Theory Links White House to Robinhood
As social media has been swarmed with information surrounding the GameStop controversy, a new claim attempting to link White House Press Secretary Jen Psaki to the stock trading platform Robinhood.
A Reddit user pushed the claim that Psaki had a brother who worked for Citadel LLC – the capital firm facing accusations of manipulating the market and forcing Robinhood to restrict trading activity for GameStop and other stocks that experienced an improbably rally thanks to Redditors who took on Wall Street's biggest players.
(https://data.ibtimes.sg/en/full/46424/jen-psaki.png?w=736)
A Twitter user also shared an excerpt from an article on Citadel's plans to hire three new staffers as part of a revamp of its investment unit and cites Jeff Psaki as one of the employees.
(https://pbs.twimg.com/media/Es6g7NjU4AQcYw8?format=jpg&name=small)
Regarding Treasury Secretary Yellen and her receiving speaking engagements to hedgfund Citadel to the amount of almost a million dollars.
18:37
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Jen Psaki WYHI?
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His second argument, which I'm not sure I'm understanding correctly, is that if buying had remained unrestricted, the price of GME could have soared so high so quickly that traders with call options at a lower price would have been owed so much money that Robinhood would likely have been bankrupt. This seems more likely to me, and more likely than some firm pressuring them into it to avoid losses.
I can see where that postulation would make sense. Being that this was a concerted effort by millions of retail traders, people (certainly within that REDDIT community and beyond) saw this coming for days. Those that were not part of that original REDDIT group might have not gotten in at the lowest purchase price, but they could have still purchased call options (albeit at a shitty option premium) and still found themselves in the money for a decent sell out. Granted, with short-term capital gains taxes + premiums, they would have likely needed to be up by a decent margin of percentage points before they could even break even let alone make serious money, but seeing how astronomically high GME prices soared, I wouldn't be surprised if there were a solid number of overnight millionaires. Still, to the point made by that blog, if Robinhood (or Citadel) couldn't foot the bill by paying out the sellers who exercised their options, it could have (in theory) driven the company bankrupt.
But even so, I don't believe this is a GOOD ENOUGH reason to halt trading. If anything, I think that's very much an illegal tactic, as you're interrupting people from a 24-hr period of potential profits. Fortunes can change in a matter of minutes, imagine within a full day of trading. When it doesn't benefit the dirty rich hedge funds, but instead aids the dirty poor, they can just arbitrarily freeze all purchasing of shares to give the hedge funds a chance to catch their breaths?? And yes, I can see where this way a modern day example of a reverse PUMP-&-DUMP by the poor to upset the rich, but if the idea of a well-orchestrated pump-&-dump along the lines of what Bill Ackman did not so long ago is ALLOWED by the SEC and Federal Government, I can't see why the average man can be given the same courtesy. Alas, I figure that they will find new ways to regulate trade from stopping this exact episode from occurring again. Likely, the regulation will fuck the poor over and not really affect the rich, as with most things.
That's a lesson for all of you that actively trade in the market. For as long as I've been familiar with the market, one thing has always been certain, the market is rigged to help the rich and fuck the poor.
"1"
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I can see where that postulation would make sense. Being that this was a concerted effort by millions of retail traders, people (certainly within that REDDIT community and beyond) saw this coming for days. Those that were not part of that original REDDIT group might have not gotten in at the lowest purchase price, but they could have still purchased call options (albeit at a shitty option premium) and still found themselves in the money for a decent sell out. Granted, with short-term capital gains taxes + premiums, they would have likely needed to be up by a decent margin of percentage points before they could even break even let alone make serious money, but seeing how astronomically high GME prices soared, I wouldn't be surprised if there were a solid number of overnight millionaires. Still, to the point made by that blog, if Robinhood (or Citadel) couldn't foot the bill by paying out the sellers who exercised their options, it could have (in theory) driven the company bankrupt.
But even so, I don't believe this is a GOOD ENOUGH reason to halt trading. If anything, I think that's very much an illegal tactic, as you're interrupting people from a 24-hr period of potential profits. Fortunes can change in a matter of minutes, imagine within a full day of trading. When it doesn't benefit the dirty rich hedge funds, but instead aids the dirty poor, they can just arbitrarily freeze all purchasing of shares to give the hedge funds a chance to catch their breaths?? And yes, I can see where this way a modern day example of a reverse PUMP-&-DUMP by the poor to upset the rich, but if the idea of a well-orchestrated pump-&-dump along the lines of what Bill Ackman did not so long ago is ALLOWED by the SEC and Federal Government, I can't see why the average man can be given the same courtesy. Alas, I figure that they will find new ways to regulate trade from stopping this exact episode from occurring again. Likely, the regulation will fuck the poor over and not really affect the rich, as with most things.
That's a lesson for all of you that actively trade in the market. For as long as I've been familiar with the market, one thing has always been certain, the market is rigged to help the rich and fuck the poor.
"1"
Well we know one thing now.
The next coronavirus relief won’t be sent out as checks, it will definitely be sent as debit cards.
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Well we know one thing now.
The next coronavirus relief won’t be sent out as checks, it will definitely be sent as debit cards.
Expand on this so that I can follow more clearly..
Postulation on my part... You believe debit cards as a response to this recent short squeeze in order to make sure that federal reserve money isn't used to squeeze the rich? Thereby, mostly limiting use for food and the paying of bills by way of restriction to debit card use with possibly no option to pull out hard cash?
I lean on this theory, because a lot of those REDDIT members were supposedly not very well off (many making less than $40k/year) and so I can see where some of the recent stimulus money could have been used to purchase GME stocks. Making wealth off of free money (that's rich).
"1"
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Jen Psaki WYHI?
Only if the curtain matches the drapes
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I am looking forward to see where this GameStop issue ends. It is highly complex.
How do you prove that thousands of Reddit users are pumping a stock?
Are they really doing anything illegal?
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I am looking forward to see where this GameStop issue ends. It is highly complex.
How do you prove that thousands of Reddit users are pumping a stock?
Are they really doing anything illegal?
Likewise, I'm keeping an eye on this and I'm very curious to see where it goes.
I don't think there is a clear-cut way to correlate REDDIT users to these purchases. In theory, you could assume that the 2.5 million members of that subgroup could have ALL banded together to make these buys, but no hard way of proving correlation. Some of the more sinister rumors is that other hedgefunds were in on the large purchasing (granted this can be tracked) in order to make money on the rise.
I don't think anything they're doing is illegal. There was no insider trading. Literally a group of people coming together to help a company out by buying shares, thereby increasing the price per share.
What I find more disgusting is when big hedge funds short a company like Gamestop, which automatically lowers its price when all those shares are sold to begin the short and you know that part of their hope is for the company to shutdown and liquidate, that way they don't have to return the shorted shares and they get to keep the profit from their sale. That should be illegal, especially when the amount of volume those hedge funds short is enough to drive a company out of business.
"1"
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I am looking forward to see where this GameStop issue ends. It is highly complex.
How do you prove that thousands of Reddit users are pumping a stock?
Are they really doing anything illegal?
The WSB investors have not done anything illegal.
The short situation was identified by one of their members in 2019. The hedge funds had over a year to correct the situation. They never anticipated the rise in GME stock, they were betting heavily on bankruptcy for GameStop.
What Robinhood, Melvin, Steve Cohen, the SEC etc. did WAS illegal.
What the hedge fund insiders, Wall Street, and the federal government were expecting was that when WSB members couldn’t buy on Thursday and could only sell, that the group would fold, take some profit, and collapse spectacularly. When WSB held and didn’t sell, the hedge funds were wiped out. Not just on the GME stock, possibly to the point of complete liquidation if the WSB folks continue to hold.
Or....this is the greatest smokescreen in history and the hedge funds are in on the short squeeze and also want stimulus bailout money after the collapse?
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What Robinhood, Melvin, Steve Cohen, the SEC etc. did WAS illegal.
I hope those fuckers will pay for what they did. But it will probably just be a fine, if they are even convicted.
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I hope those fuckers will pay for what they did. But it will probably just be a fine, if they are even convicted.
an
https://m.washingtontimes.com/news/2021/jan/29/kevin-clinesmith-ex-fbi-sentenced-year-probation-f/
An FBI lawyer (Kevin Clinesmith) falsified documents to allow illegal FISA applications to be made so that an innocent man could be spied on.
And he got sentenced to 12 months probation.
The swamp is BEYOND corrupt, they don’t even try to hide it anymore.
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Expand on this so that I can follow more clearly..
Postulation on my part... You believe debit cards as a response to this recent short squeeze in order to make sure that federal reserve money isn't used to squeeze the rich? Thereby, mostly limiting use for food and the paying of bills by way of restriction to debit card use with possibly no option to pull out hard cash?
I lean on this theory, because a lot of those REDDIT members were supposedly not very well off (many making less than $40k/year) and so I can see where some of the recent stimulus money could have been used to purchase GME stocks. Making wealth off of free money (that's rich).
"1"
The last stimulus money I received was on a debit card. It was a hassle to activate and an even bigger pain to transfer the measly $132 into my checking account. Apparently, if you don't have get a federal tax return, they don't have direct deposit info for you and a debit card is somehow less trouble for them than sending out a checks. Who knew that plastic was cheaper than paper. :)
I guess instead of complaining, I should be thankful that I got any stimulus money at all. I blew it all on high end stock purchases. ;D ;D ;D
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It goes to show you can’t trust a single politician. Trump was right about Warren aka Pocahontas. She claimed to be the sheriff of Wall Street and trust out she is just another cronie.
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On Monday it is going to be a very interesting day for silver prices.
JP Morgan holds a massive short position in silver. Real prices for silver, without market manipulation and with inflation factored in, should be close to $1,000 an ounce.
Now there seems to be chatter that WSB will make silver (JP Morgan) their next target.
If any Getbiggers decide to participate, let us know how it is playing out. I don’t think the guy in the White House is able to step in and stop any of this.
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On Monday it is going to be a very interesting day for silver prices.
JP Morgan holds a massive short position in silver. Real prices for silver, without market manipulation and with inflation factored in, should be close to $1,000 an ounce.
Now there seems to be chatter that WSB will make silver (JP Morgan) their next target.
If any Getbiggers decide to participate, let us know how it is playing out. I don’t think the guy in the White House is able to step in and stop any of this.
is there a silver ETF that you know of?
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On Monday it is going to be a very interesting day for silver prices.
JP Morgan holds a massive short position in silver. Real prices for silver, without market manipulation and with inflation factored in, should be close to $1,000 an ounce.
Now there seems to be chatter that WSB will make silver (JP Morgan) their next target.
If any Getbiggers decide to participate, let us know how it is playing out. I don’t think the guy in the White House is able to step in and stop any of this.
So silver should be more expensive than gold???? Come on man.
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On Monday it is going to be a very interesting day for silver prices.
JP Morgan holds a massive short position in silver. Real prices for silver, without market manipulation and with inflation factored in, should be close to $1,000 an ounce.
Now there seems to be chatter that WSB will make silver (JP Morgan) their next target.
If any Getbiggers decide to participate, let us know how it is playing out. I don’t think the guy in the White House is able to step in and stop any of this.
Heard this back in 2011.
The problem is nobody wants physical silver or physical gold. The only reason they are asking for deliveries is to create a squeeze on delivery causing the price to go higher. Once it flies up, they exit and it comes crashing back down.
It’s fake demand.
People buying physical silver with no use for it other than to cause prices to fly up so they can sell for profit arguing that it’s being manipulated and the prices should be higher so they can make more profit and it’s unfair..... lol.
Let’s be real and call a spade a spade.
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..they were betting heavily on bankruptcy for GameStop. ..
Yeah, no wonder, who buys this shit?
GameStop is dead and has absolute zero chance against steam, epic etc..
Of course you would bet that it goes bankrupt.
That is GameStop's own fault, it has no future.
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So silver should be more expensive than gold???? Come on man.
That is not what I said. Everyone has a different interpretation of the market and what it will do.
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Heard this back in 2011.
The problem is nobody wants physical silver or physical gold. The only reason they are asking for deliveries is to create a squeeze on delivery causing the price to go higher. Once it flies up, they exit and it comes crashing back down.
It’s fake demand.
People buying physical silver with no use for it other than to cause prices to fly up so they can sell for profit arguing that it’s being manipulated and the prices should be higher so they can make more profit and it’s unfair..... lol.
Let’s be real and call a spade a spade.
That is what I just said if I’m understanding correctly who “they” are in your scenario?
The short squeeze (if you want to call it that and if it happens) will be directed at JP Morgan to force them to cover and how the market reacts, more than a desire to own silver.
Attempts to manipulate (or corner like the Hunt brothers) the silver market have been going on for 40 years.
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That is what I just said if I’m understanding correctly who “they” are in your scenario?
The short squeeze (if you want to call it that and if it happens) will be directed at JP Morgan to force them to cover and how the market reacts, more than a desire to own silver.
Attempts to manipulate (or corner like the Hunt brothers) the silver market have been going on for 40 years.
Speculators. Those who ask for delivery yet have no need for delivery other than to create a shortage to send prices higher where they can dump their silver for a profit.
The reason the PM market is manipulated to have downward pressure on prices down is to counter the actions by speculators to manipulate prices to go up.
In 2011 the plan was to try and crash the Comex by asking for physical delivery. A shortage came about and price ran upwards. People sold and made a bundle. Supply went through the roof and the price crashed back to 11 bucks.
From the speculators perspective, It was apparently evil of the Comex to manipulate the delivery system to avoid prices skyrocketing yet once people made huge profit and bailed it became obvious there was no requirement for physical silver in the first place.
This is why regulators cracks the shits. Free market is fine but it shouldn’t mean taking the piss and blowing shit up to the point of collapse on purpose.
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The bigs are always looking for a scapegoat.
The best one is "you did it to yourselves"...followed by things where you can't blame a person(covid etc)...followed by dead people that you can make stories about(911 etc).
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Monday we may see silver do things we haven't seen since since the Hunt brothers tried to corner the market 40 years ago.
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is there a silver ETF that you know of?
SLV is the main one. Silver has been range bound for a awhile. We’ll see if the recent turbulence changes that.
Six month chart:
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SLV is the main one. Silver has been range bound for a awhile. We’ll see if the recent turbulence changes that.
Six month chart:
Thanks... wasn't too keen to buy spot silver
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Thanks... wasn't too keen to buy spot silver
Volume more than 3x the average on Friday. Definitely something going on. IMO it’s too early to tell which way it’s gonna break:
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Volume more than 3x the average on Friday. Definitely something going on. IMO it’s too early to tell which way it’s gonna break:
Exactly what I saw.... also look at the heavy accumulation back in August .. break above recent high resistance area should see a nice spike
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simple
because he's corrupt and protecting the wealthy jews
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Exactly what I saw.... also look at the heavy accumulation back in August .. break above recent high resistance area should see a nice spike
Silver futures way up.
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Fuck Robinhood. I was using them as my trading app. Usually when I deposit money from my bank it shows up in 2-3 days make since it's connected to my checking account. I transferred $10K mid last week to buy some of these reddit short stocks. Fucking Robinhood is now saying my funds will be ready by Friday. almost 10 fucking days. What a bunch of fucking crooks. Making sure I don't have the money to buy these stocks.
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In before Mr Anabolic makes a come back to the forums to tell us all we should have been balls deep in silver.
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slc
my nikka
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Fuck Robinhood. I was using them as my trading app. Usually when I deposit money from my bank it shows up in 2-3 days make since it's connected to my checking account. I transferred $10K mid last week to buy some of these reddit short stocks. Fucking Robinhood is now saying my funds will be ready by Friday. almost 10 fucking days. What a bunch of fucking crooks. Making sure I don't have the money to buy these stocks.
Why use that platform after all the recent news?
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Buy low sell high
Sell high buy low
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citadel is behind the silver distraction
do not buy silver
7 mins to market open boys
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Buy low sell high
Sell high buy low
(https://media0.giphy.com/media/26ufdipQqU2lhNA4g/giphy.gif)
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amc!!!
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How long before we hear things like "it's dangerous to allow investors to allocate their own money"? Seems like a perfect way to centralize access to the equity markets.
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gme taking a hit
im not selling
probably selling it just to buy it right back!!!
same old scam!!
now its halted
lol
by the way dont take my words on stocks as advice
pure entertainment and comedy value only
take it as grain of salt, its not advice
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There is the story of "Joseph Kennedy and 'the shoe shine boy'"...
Kennedy was getting his shoes done and the guy doing his shoes gave him involved stock tips....
Kennedy decided that was a sign that a lot of people were in over their skill level playing the market...He closed out his holding just before the "Crash"
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First attempt at slamming down silver has started. It's $50 for ONE silver eagle in hand but the spot is $28.xx... ::)
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It looks like the pump and dump on silver is not WSB/Reddit?
It seems to be the big boys trying to make money back and to distract from GME and AMC?
There was an easy 10% this morning, but now something bigger has been discussed and is underway.
The rest of the day should be interesting.
Whoever asked about silver ETFs:
https://www.etf.com/channels/silver-etfs
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First attempt at slamming down silver has started. It's $50 for ONE silver eagle in hand but the spot is $28.xx... ::)
YOU need to be looking at the futures markets...that is where the leveraging is...also the most risk.
Beware what happened to the Hunt Brothers.
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Why use that platform after all the recent news?
I transferred the money before all of they shut happened.
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I transferred the money before all of they shut happened.
sucks.
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citadel is behind the silver distraction
do not buy silver
7 mins to market open boys
THIS
The corruption and manipulation Citadel has a hold of mainstream media trying to distract ppl away from GME
DO NOT BELIEVE THIS SCAM, GME will prevail
DO NOT BUY SILVER
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im holding the line
you fucking peanut headz
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THIS
The corruption and manipulation Citadel has a hold of mainstream media trying to distract ppl away from GME
DO NOT BELIEVE THIS SCAM, GME will prevail
DO NOT BUY SILVER
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GME and AMC are plunging. Welcome to the world of Pump and Dump. A lot of people are walking away with massive profits while the late to the game people will be left holding empty bags wondering what the fuck happened. Lol. Wall Street at its finest.
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Reddit is the high tech version of a boiler room! Except they are not cheating the systemc they’re exploiting it for the house of cards that it is.
Boiler Room is a great friggin movie by the way
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GME and AMC are plunging. Welcome to the world of Pump and Dump. A lot of people are walking away with massive profits while the late to the game people will be left holding empty bags wondering what the fuck happened. Lol. Wall Street at its finest.
The problem with short term but not intraday trades is that you have to take on overnight risk which you can’t control. Sooner or later it goes against you.
The dummies who were bragging about buying gamestop last week took a 40% hit this morning.
They won’t recover.
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Reddit is the high tech version of a boiler room! Except they are not cheating the systemc they’re exploiting it for the house of cards that it is.
Boiler Room is a great friggin movie by the way
They were for a week. Not after today. Wall Street just sucked up all those stimulus checks. :D
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What is pissing me off about this reddit shit is that I had two stocks that I bought for cheap and they have been steadily going up. Somehow they got caught in this short squeeze bullshit and popped off and now are lower than they were a week ago. I buy for long haul and these two stocks had great potential and now these reddit fucks messed it up.
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If you bought for the long haul why be concerned?
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If you bought for the long haul why be concerned?
Now they're toxic being part of this reddit scheme
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Gamestop down 48% today :D
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Gamestop down 48% today :D
apparently a lot of brokers have stopped allowing buys. They are tanking this stock. Haha.
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apparently a lot of brokers have stopped allowing buys. They are tanking this stock. Haha.
Yeah, look at the volume, it is shorts selling to shorts to try to drive the price down.
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THIS
The corruption and manipulation Citadel has a hold of mainstream media trying to distract ppl away from GME
DO NOT BELIEVE THIS SCAM, GME will prevail
DO NOT BUY SILVER
Good call.
What happened was that Silver broke the old top. Buyers jumped in but sellers were waiting and lowered the boom.
Anyone who bought the breakout is currently holding the bag.
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What is pissing me off about this reddit shit is that I had two stocks that I bought for cheap and they have been steadily going up. Somehow they got caught in this short squeeze bullshit and popped off and now are lower than they were a week ago. I buy for long haul and these two stocks had great potential and now these reddit fucks messed it up.
You're blaming Redditors for legal activity, when it was Wall Street insiders who broke the law?
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You're blaming Redditors for legal activity, when it was Wall Street insiders who broke the law?
Correct. That was the intention and they have smacked them down both in the game and in reputation.
Wall Street is slimy but you can't deny the brainpower concentrated there.
The little guy always loses. Always. ALWAYS. ALL WAYS.
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I stopped watching after 12 minutes because this is so depressing. So 41% of all US dollars in circulation have been printed in the past 12 months?
The good news is, eventually any Getbigger who owns a house will see their house potentially double in value.
But this is literally a giant house of cards.
Is the entire global economy just a giant Ponzi scheme?
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Correct. That was the intention and they have smacked them down both in the game and in reputation.
Wall Street is slimy but you can't deny the brainpower concentrated there.
The little guy always loses. Always. ALWAYS. ALL WAYS.
But they're changing laws, then changing them back, when they [Wall Street] loses?
That's how you get distrust of our institutions.
I agree with you that Wall Street won this round, but if they keep behaving like this, they run the risk of losing in the long-run.
This is a blatant example of Wall Street scummy behaviour. Even some of the legal behaviour is scummy. Let alone this.
And I don't think Wall always loses. Hitler shut down 3 of 5 Rothschild banks.
So there does come a point where people will stand up.
Wall Street is really pushing matters here.
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I stopped watching after 12 minutes because this is so depressing. So 41% of all US dollars in circulation have been printed in the past 12 months?
The good news is, eventually any Getbigger who owns a house will see their house potentially double in value.
But this is literally a giant house of cards.
Is the entire global economy just a giant Ponzi scheme?
Every time my house goes up in value, so do most others. It is still better for home owners than having them lose value.
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But they're changing laws, then changing them back, when they [Wall Street] loses?
That's how you get distrust of our institutions.
I agree with you that Wall Street won this round, but if they keep behaving like this, they run the risk of losing in the long-run.
This is a blatant example of Wall Street scummy behaviour. Even some of the legal behaviour is scummy. Let alone this.
And I don't think Wall always loses. Hitler shut down 3 of 5 Rothschild banks.
So there does come a point where people will stand up.
Wall Street is really pushing matters here.
Nobody is in any real pain, and nothing changes until that point comes. Some nerds lost some numbers on a screen because they made their plan public like idiots.
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Every time my house goes up in value, so do most others. It is still better for home owners than having them lose value.
Your house is holding a certain value relative to an increased money supply/devalued money supply. It's not actually going up in value.
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Intra day move today where it was up 67 %:
(https://i.postimg.cc/X7FTNZqP/Image2.jpg)
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Your house is holding a certain value relative to an increased money supply/devalued money supply. It's not actually going up in value.
This is true. It is one way that the price of real estate goes up in value. Another way is the result of supply and demand. If your property is in a desirable neighborhood, town or city, it often increases in value disproportionately to real estate in other locations. But then, neighborhoods or just your property sometimes, although rarely, becomes less desirable and can go down in value.
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I am reading through that Reddit thread and feel so sorry for the bag holders. Lots of guys bought in and are sitting on massive losses. They keep hoping it will rebound but I don't think they realize they've all been fucked. Did they honestly think a bunch of guys investing 1000-10000$ ran this up? haha. A few big pockets dumped a lot of money, skyrocketed the price and cashed out and made serious money and now the little fish are drowning in losses hoping for a recovery. Give it a few more days and once they realize this is a dead stock , it will completely tank. Hopefully Gamestop as a company sold off some shares to keep themselves alive.
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I am reading through that Reddit thread and feel so sorry for the bag holders. Lots of guys bought in and are sitting on massive losses. They keep hoping it will rebound but I don't think they realize they've all been fucked. Did they honestly think a bunch of guys investing 1000-10000$ ran this up? haha. A few big pockets dumped a lot of money, skyrocketed the price and cashed out and made serious money and now the little fish are drowning in losses hoping for a recovery. Give it a few more days and once they realize this is a dead stock , it will completely tank. Hopefully Gamestop as a company sold off some shares to keep themselves alive.
Former Fed Chair Janet Yellen is going to oversee the investigation into this.....yes, that same Janet Yellen that got 800k in speaking fees from Citadel/Robinhood before joining Biden's cabinet.
They control the media, they do what they want in the open now.
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"...Forty percent of ALL US currency in circulation was printed in the last 12 months..."
Is that even possibly true? Guy seemed smart.
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"...Forty percent of ALL US currency in circulation was printed in the last 12 months..."
Is that even possibly true? Guy seemed smart.
It is and it’s the real reason for all the restrictions: to keep too much money from getting into the system too quickly and possibly causing a worldwide hyperinflation.
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I am reading through that Reddit thread and feel so sorry for the bag holders. Lots of guys bought in and are sitting on massive losses. They keep hoping it will rebound but I don't think they realize they've all been fucked. Did they honestly think a bunch of guys investing 1000-10000$ ran this up? haha. A few big pockets dumped a lot of money, skyrocketed the price and cashed out and made serious money and now the little fish are drowning in losses hoping for a recovery. Give it a few more days and once they realize this is a dead stock , it will completely tank. Hopefully Gamestop as a company sold off some shares to keep themselves alive.
Amateurs don’t understand that they’re dealing with professionals and this isn’t a fucking joke. If somebody with no experience got into the ring against a professional boxer they wouldn’t think it would go well yet for some reason they think the stock market is different.
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"...Forty percent of ALL US currency in circulation was printed in the last 12 months..."
Is that even possibly true? Guy seemed smart.
ones, tens, twenties, and hundreds wear out after a short time...
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Every time my house goes up in value, so do most others. It is still better for home owners than having them lose value.
if the government cut you off
you could not afford the property taxes
that's not freedom
its slavery
your a slave mentally and physically
but in your mind that's heaven right?
also if investors bought your whole neighborhood and fixed it up out of the ghetto state its currently in you could not afford the property taxes with your gub ment check if your house was worth 3-5 million
either way you are not in control of jack
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Gub ment. ;D
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gub ment check
Ha!
"1"
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(https://i.redd.it/vg50z0u0p9f61.jpg)
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The little guy always loses. Always. ALWAYS. ALL WAYS.
Amateurs don’t understand that they’re dealing with professionals and this isn’t a fucking joke. If somebody with no experience got into the ring against a professional boxer they wouldn’t think it would go well yet for some reason they think the stock market is different.
Things traded on an exchange (stocks/commoditie futures) show indications of what the "big guys" are doing by the formations on the price and volume charts...Little guys think they can deduce what is going to happen and ride the wave like a surfer...and maybe some can.
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The bottom is falling out. One dude has lost millions on reddit. WTF! Should have cashed out. Now lingering people are buying shares while the bottom is crashing. The denial on that site is hillarious.
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Ofcourse it will crash eventually, it was shorted for a reason. The company itself is worthless, artificially held up by investors.
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good take
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#Amazon, #Facebook and #Alphabet have earned >$90bn in combined annual profits in 2020.
(https://i.postimg.cc/d07wHj6G/Eta-Isj1-XYAI59p-F.jpg)
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Stocks have been going fantastic for four years. People are afraid now with Democrats in charge. I think we will see a massive sell off. It's a question of when and not if it will happen. Democrats want their self created shut downs to end. The economy will temporary soar when they achieve this goal during the predicted summer months then then the big crash will come later. No one has a crystal ball but it's coming. When it does happen it will be a panic sell off and not a gradual one. Watch the stock market lose over 25% value on one day. The second day will be worse.
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Stocks have been going fantastic for four years. People are afraid now with Democrats in charge. I think we will see a massive sell off. It's a question of when and not if it will happen. Democrats want their self created shut downs to end. The economy will temporary soar when they achieve this goal during the predicted summer months then then the big crash will come later. No one has a crystal ball but it's coming. When it does happen it will be a panic sell off and not a gradual one. Watch the stock market lose over 25% value on one day. The second day will be worse.
The economy has been shut down for a year and the stock market (DJIA) has continued to climb over 30,000, the bubble is very easy to see.
When you start to hear the fringe funds (the second tier guys) start talking about going to cash....get out.
Look back at the Obama crash in 2008 and compare it to the mini crash in early 2020. The next big slice will last a long time under the current administration.
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Bill Gates essentially admitted this morning on CNBC that he’s short on Tesla. I think he’s right. All this talk of Tesla being more than a car company seems like BS to me. Moreover, all of these car companies are making EVs now. I’m up 60% in Ford, which i took a position in shortly before someone put up a thread on here about how Ford was going bankrupt (I can’t find the thread). On the other hand, I sold Tata Motors right before it took off. I see most car companies doing well with the great EV conversion that’s coming.
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good take
Us Irish know our stuff
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Bill Gates essentially admitted this morning on CNBC that he’s short on Tesla. I think he’s right. All this talk of Tesla being more than a car company seems like BS to me. Moreover, all of these car companies are making EVs now. I’m up 60% in Ford, which i took a position in shortly before someone put up a thread on here about how Ford was going bankrupt (I can’t find the thread). On the other hand, I sold Tata Motors right before it took off. I see most car companies doing well with the great EV conversion that’s coming.
Just look at Tesla's P/E ratio. It is insane. Apple recorded a $120 Billion quarter and they are valued just 3 times more than Tesla who is lucky to break a billion.
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Just look at Tesla's P/E ratio. It is insane. Apple recorded a $120 Billion quarter and they are valued just 3 times more than Tesla who is lucky to break a billion.
I buy more Apple on every dip - like right now. It’s a great growth and income stock to just squirrel away.
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I buy more Apple on every dip - like right now. It’s a great growth and income stock to just squirrel away.
I always thought Apple was overpriced at as a 2.2 trillion dollar company. yet they make 1.2 trillion a year and I realize they are underpriced.
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Clover Health isn’t for me but I like his advice about having different trading platforms for your different investing goals. I have one account where I trade frequently and try to make money and one where I put my long term income stocks.
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I always thought Apple was overpriced at as a 2.2 trillion dollar company. yet they make 1.2 trillion a year and I realize they are underpriced.
It says a lot that Apple is Warren Buffett's biggest holding.
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This year, especially Q3 and Q4, value "old economy" stocks are going to come roaring back as gains from "growth stocks" recycle back into value. Such stocks are also the place you want to be in the next phases of the economic cycle.
Mark my words on this...
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The stock market took a nice ride up with the help of the stimulus money. A lot of people who didn't need those first couple of checks just used apps like Robinhood and put it in the stock market. Now the market is inching higher daily in hopes of Biden passing another stimulus plan. Problem is they lowered the bar in who will get the checks. Now it'll just be the lower earners which means they need this money and won't just dump it into the stock market. Once the market realizes they aren't getting the bump they thought they would from this new plan, all stocks will take a big dip.
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It says a lot that Apple is Warren Buffett's biggest holding.
At least they actually make something of value that is superior in the marketplace.
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The stock market took a nice ride up with the help of the stimulus money. A lot of people who didn't need those first couple of checks just used apps like Robinhood and put it in the stock market. Now the market is inching higher daily in hopes of Biden passing another stimulus plan. Problem is they lowered the bar in who will get the checks. Now it'll just be the lower earners which means they need this money and won't just dump it into the stock market. Once the market realizes they aren't getting the bump they thought they would from this new plan, all stocks will take a big dip.
It's a race to prosperity or hyperinflation. History has already shown us how this goes. Printing like they know it will be worthless.
(https://cms.zerohedge.com/s3/files/inline-images/cash%20wheelbarrow.jpg?itok=GoWSin64)
(https://alphahistory.com/weimarrepublic/wp-content/uploads/2012/07/inflation.jpeg)
(https://www.tradinggame.com.au/wp-content/uploads/2016/11/4850310.jpg)
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The stock market took a nice ride up with the help of the stimulus money. A lot of people who didn't need those first couple of checks just used apps like Robinhood and put it in the stock market. Now the market is inching higher daily in hopes of Biden passing another stimulus plan. Problem is they lowered the bar in who will get the checks. Now it'll just be the lower earners which means they need this money and won't just dump it into the stock market. Once the market realizes they aren't getting the bump they thought they would from this new plan, all stocks will take a big dip.
The feedback cycle is similar to a cocaine user.
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Why in the world is the 30 year bond tanking so hard?
WTF?
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Why in the world is the 30 year bond tanking so hard?
I think yields (interst rates) on the longer term bonds are going up. Thus, the value of the existing bonds go down.
Look at the 10 year bond yield on investing.com - this is an example of what I am saying.
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Why in the world is the 30 year bond tanking so hard?
WTF?
it's because our entire economy is smoke and mirrors now.
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it's because our entire economy is smoke and mirrors now.
now?
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I bought some AMC on the dip and in the last two days doubled my money, started with $2500 and now at $5K. Fuck Bitcoin.
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I bought some AMC on the dip and in the last two days doubled my money, started with $2500 and now at $5K. Fuck Bitcoin.
I dont invest (cause Im poor lol), but I enjoy watching the roller coaster ride of stocks lately and the posts about it on reddit
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on the wallstreetbets reddit page, there is a GME thread, which was created 3 hours ago, and it has 48.341 comments :D
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I bought some AMC on the dip and in the last two days doubled my money, started with $2500 and now at $5K. Fuck Bitcoin.
Same here. I am buying more tomorrow.
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Thanks, added to my reading list.
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There is a huge (and long overdue) move to value stocks underway.
The next big cyclical trend will be:
-Companies who have "real" businesses already profitable, and with a track record of income, trading at super low PEs. Think chemical companies, energy, blue collar manufacturing.
-Massive post-covid rotation underway, Hotels, airlines, hospitality, casinos.
-Banks should also do OK.
-Property REITs of all types should do OK (despite work from home trends and buy online trends) simply due to return to normalization and comparative yield.
-Companies that have positive earnings, healthy balance sheets, low debt, and good yields will be the huge focus area next 12-18 months.
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Thanks, added to my reading list.
I like his fee argument.
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Same here. I am buying more tomorrow.
I set a sell order at $11. It hit 11 for a second and I ended up tripling my money on AMC. $2500 to 7200. Not a bad week.
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I set a sell order at $11. It hit 11 for a second and I ended up tripling my money on AMC. $2500 to 7200. Not a bad week.
That is exactly what I sold for the last time. It would be nice to do it again.
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Gold at some good buying prices now.
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Gold at some good buying prices now.
If you can get it in hand. Also, define "good" .. might want to get some charts out.
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There is a huge (and long overdue) move to value stocks underway.
The next big cyclical trend will be:
-Companies who have "real" businesses already profitable, and with a track record of income, trading at super low PEs. Think chemical companies, energy, blue collar manufacturing.
-Banks should also do OK.
-Companies that have positive earnings, healthy balance sheets, low debt, and good yields will be the huge focus area next 12-18 months.
Not saying this isn't true...It just feels like an astrology forecast...
Like the analogue weight training advice:..."Engage in resistance exercise....Eat nutritious well balanced meals...and you will have big fuckn' muscles kid..."
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If you can get it in hand. Also, define "good" .. might want to get some charts out.
Krugerrands, yes.
At a 10 month low, so reasonably good if one wants to buy now.
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Strong 3 black crows pattern on the Nasdaq if things stay as they currently are today.
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Gold now at $1690.
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TESLA is getting their ass whipped. Wasn't this expected.
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TESLA is getting their ass whipped. Wasn't this expected.
Seems Musk bought all that bitcoin for a reason, eh?
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Seems Musk bought all that bitcoin for a reason, eh?
Musk is many things....a giant, colossal scheister is one of them.
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Plunge Protection Team is working hard on Fridays.
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Tesla stock down about 32 % from its peak.
Will it ever reach that peak again? I am sceptical. They are losing EV market share in Europa and Tesla's enormous stock price earnings ratio is likely not sustainable in a rising bond yield environment. And some time in the future, the fed will begin to raise interest rates again.
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Tesla stock down about 32 % from its peak.
Will it ever reach that peak again? I am sceptical. They are losing EV market share in Europa and Tesla's enormous stock price earnings ratio is likely not sustainable in a rising bond yield environment. And some time in the future, the fed will begin to raise interest rates again.
Tesla was claiming profits not from selling cars but from selling credits. Those credits will dwindle down because other car manufacturers are upping their EV game.
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Strong 3 black crows pattern on the Nasdaq if things stay as they currently are today.
I think we will see a bottom in QQQ soon (Nasdaq). Most of the top companies are profitable. We are not in a situation like the 2000 bubble where most of these companies are not making money. I guess we will see the bottom when some of the high flying names like ARKK and Tesla form a technical bottom.
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Gamestop looks like it's going retarded again
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The stock market loves Joe Biden.
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The stock market loves Joe Bide for giving over a Trillion back to corporations through the bullshit stimulus plan.
fixed
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(https://www.currentmarketvaluation.com/images/2021-03-11-BI-5-Mkt-to-GDP-Detrended-Recent.png)
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A big correction is coming. The government can’t continue to pay out stimulus money and interest rates will rise eventually. This will set off a tidal wave of RE crashing and the economy tanking.
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(https://www.currentmarketvaluation.com/images/2021-03-11-BI-5-Mkt-to-GDP-Detrended-Recent.png)
Stock market goldrush. It's like in before the 30's depression when the general population started seeing the stock market as a great investment. Then eventually reality hits. The companies are not worth as much as they are pumped up to be.
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A big correction is coming. The government can’t continue to pay out stimulus money and interest rates will rise eventually. This will set off a tidal wave of RE crashing and the economy tanking.
we just had a 20 - 30% correction in many tech names.
When will the next big corretion come? Nobody knows, but we can guess.
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we just had a 20 - 30% correction in many tech names.
When will the next big corretion come? Nobody knows, but we can guess.
Not really, most bounced back because the Fed announced they were leaving interest rates alone and the $1.9T package was passed. This cannot continue forever. I'm sure Biden can keep printing money and leave the mess for the next admin so yeah, it can last a couple more years, but the fallout is going to be massive if this keeps up.
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"The conventional wisdom among bestselling financial writers of the seventies and eighties was that unemployment and recession would get so bad that the fiscal and monetary floodgates would be thrown open to avert depression, bringing on inflation.
To fight it, the Fed would slam on the brakes and throw the country into an even greater slump requiring even more stimulus, causing even worse inflation, requiring even tougher brake slamming...and around and around it would go, inflation, recession, inflation, recession, getting ever worse.
The "malarial economy," Howard Ruff and others dubbed it, alternating chills and fever and, eventually, collapse. Ruff wrote How to Prosper During the Coming Bad Years and (when they didn't come) Survive and Win in the Inflationary Eighties (which proved to be highly desinflamatory).
Douglas Casey cashed in with Crisis Investing. Ravi Batra hit #1 in 1987 with The Great Depression of 1990 (unemployment was 5.6% in 1990), the same year James Dale Davison and William Rees-Mogg weighed in with The Great Reckoning: Protecting Yourself in the Coming Depression followed by Blood in the Streets: Investment Profits in a World Gone Mad.
And so it went. "But there is another scenario which should not be dismissed out hand," I wrote in this space in 1983, "unaccustomed though we've become to improvement: That this decade, if we keep our wits about us, could become what Paul Volcker has called the mirror image of the last one: falling energy prices, falling inflation, falling interest rates, rising productivity, rising real wages, rising employment. I make no secret of being partial to the optimistic scenario.
I think we've laid a technological base that places us, potentially at least, on the brink of unparalleled prosperity." And indeed the decade that followed worked out much that way. (One indicator: The Dow quadrupled.) And the generally positive trends continued well beyond 1993. Seven years later, in 2000, unemployment was 4%, the Dow had nearly tripled its quadruple, our National Debt had been shrinking relative to the size of the economy as a whole.
We faced challenges, certainly, and had kicked cans down the road. But things were looking pretty good. Then came 2001-2008. But then came 2009-2015, so things are again looking pretty good."
Andrew Tobias, The Only Investment Guide You'll Ever Need, Publication date : April 26, 2016
https://www.amazon.com/Only-Investment-Guide-Youll-Ever/dp/0544781937/ref=sr_1_1?dchild=1&keywords=The+Only+Investment+Guide+You%27ll+Ever+Need&qid=1614272995&sr=8-1
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Not really, most bounced back because the Fed announced they were leaving interest rates alone and the $1.9T package was passed. This cannot continue forever. I'm sure Biden can keep printing money and leave the mess for the next admin so yeah, it can last a couple more years, but the fallout is going to be massive if this keeps up.
I am not worried. There are other things to invest in:
- houses (real estate)
- bonds
- gold
- palladium, platinum and other metals
- p2p lending
- unlisted stocks
- venture investments
- art and fine wine
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I am not worried. There are other things to invest in:
- houses (real estate)
- bonds
- gold
- palladium, platinum and other metals
- p2p lending
- unlisted stocks
- venture investments
- art and fine wine
accumulate cash, a lot of it. When the RE and Stock markets crash, which they will because they always do, you'll be able to snatch up a shitload for cheap
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accumulate cash, a lot of it. When the RE and Stock markets crash, which they will because they always do, you'll be able to snatch up a shitload for cheap
I agree.
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accumulate cash, a lot of it. When the RE and Stock markets crash, which they will because they always do, you'll be able to snatch up a shitload for cheap
But if RE and the stock market don't crash for years, you lose lots of money to inflation when all that cash could have been working for you and making you lots more cash invested in RE and/or the stock market.
Time in the markets, not timing the markets. The sooner you expose your money to the markets, the greater your returns.
(https://www.getrichslowly.org/wp-content/uploads/29562781417_6390f05cd0_c.jpg)
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Loco is correct.
Keep enough cash on hand for your emergency fund.
If you stay out of the overall market you'll lose.
But you have to weather the coming storm and not panic and sell. So you need staying power.
A market crash has been predicted for quite a few years. If you'd stayed in cash after 2008 you'd have missed the huge rise over the past decade.
Expect a crash. Mentally prepare for it so you don't panic and sell out. It's going to feel lousy when it hits and you watch your portfolio drop by 50-70%.
If you hang in, the market will come back. Make take a few years. All that while you should keep buying more.
However, if you are heavily invested only in a few particular stocks or sectors, there is no assurance they will come back. Those companies might go down the tubes for good, especially if they are grossly over-valued before the crash.
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We are riding at the top of the market now. There will still be an uptick because of the stimulus money coming in but it will soon level out. If the Gov decides they're done with the stimulus expect a big dip. Don't forget the big money players want this dip. They've all made huge gains over the last year and know the momentum will slow. They'll cash out now and buy big on the dip and increase their gains again. Just like every crash, the big money players make it out clean while the average Joe is left wondering what happened to their savings and 401K
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We are riding at the top of the market now. There will still be an uptick because of the stimulus money coming in but it will soon level out. If the Gov decides they're done with the stimulus expect a big dip. Don't forget the big money players want this dip. They've all made huge gains over the last year and know the momentum will slow. They'll cash out now and buy big on the dip and increase their gains again. Just like every crash, the big money players make it out clean while the average Joe is left wondering what happened to their savings and 401K
The average Joe with his 401K can and will get rich and retire comfortably, even early, and you too, if only you pay attention to the posts above and stop listening to the fear mongering, dooms day predictions and pessimism.
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Loco is correct.
Keep enough cash on hand for your emergency fund.
If you stay out of the overall market you'll lose.
But you have to weather the coming storm and not panic and sell. So you need staying power.
A market crash has been predicted for quite a few years. If you'd stayed in cash after 2008 you'd have missed the huge rise over the past decade.
Expect a crash. Mentally prepare for it so you don't panic and sell out. It's going to feel lousy when it hits and you watch your portfolio drop by 50-70%.
If you hang in, the market will come back. Make take a few years. All that while you should keep buying more.
However, if you are heavily invested only in a few particular stocks or sectors, there is no assurance they will come back. Those companies might go down the tubes for good, especially if they are grossly over-valued before the crash.
Eggxactly! All you need is love...and VTSAX.
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Diversity (in investments) is our strength.
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Who cares
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We are riding at the top of the market now. There will still be an uptick because of the stimulus money coming in but it will soon level out. If the Gov decides they're done with the stimulus expect a big dip. Don't forget the big money players want this dip. They've all made huge gains over the last year and know the momentum will slow. They'll cash out now and buy big on the dip and increase their gains again. Just like every crash, the big money players make it out clean while the average Joe is left wondering what happened to their savings and 401K
The Fed has made it clear the will much rather err on the side of over stimulus (as opposed to being to cautious).
Any significant easing of stimulus, unless accompanied by really strong overall growth, will lead to not just a re-adjustment and re-allocation to value stocks, but also possibly an overall sell-off (tech and growth hit hardest). Such a "taper tantrum" would quite likely be met with, yes, you guessed it, more stimulus... :)
The saying "Don't fight the Fed" is still very applicable for now.
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The Fed has made it clear the will much rather err on the side of over stimulus (as opposed to being to cautious).
Any significant easing of stimulus, unless accompanied by really strong overall growth, will lead to not just a re-adjustment and re-allocation to value stocks, but also possibly an overall sell-off (tech and growth hit hardest). Such a "taper tantrum" would quite likely be met with, yes, you guessed it, more stimulus... :)
The saying "Don't fight the Fed" is still very applicable for now.
True but the fed can't just keep printing cash and giving it away. Eventually all of that debt will need to be paid off or inflation will be out of control. What's the answer? Tax people to death to make the money back?
One day I wish I'd hear the gov say they're going to cut back on Military spending to make up some of the money.
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Who cares
Dynamite drop in Monty.
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True but the fed can't just keep printing cash and giving it away. Eventually all of that debt will need to be paid off or inflation will be out of control. What's the answer? Tax people to death to make the money back?
One day I wish I'd hear the gov say they're going to cut back on Military spending to make up some of the money.
No, they CAN keep printing. As can any country. This issue is the valuation that others place on that currency, and the willingness to accept debt denominated in that currency. So, you are right the end result is inflation, which is what we are about to see.
The answer from the Government is to tax more (not popular), or to print more (much easier and essentially taxation by stealth). And the defence against that, from an individual's perspective is of course Bitcoin, among other hard assets, (ideally located in secure and tax friendly countries).
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The average Joe with his 401K can and will get rich and retire comfortably, even early, and you too, if only you pay attention to the posts above and stop listening to the fear mongering, dooms day predictions and pessimism.
(https://matingas.files.wordpress.com/2017/12/6360948027775480071537775930_hgjhgjhfj.jpg?w=1200)
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True but the fed can't just keep printing cash and giving it away. Eventually all of that debt will need to be paid off or inflation will be out of control. What's the answer? Tax people to death to make the money back?
One day I wish I'd hear the gov say they're going to cut back on Military spending to make up some of the money.
Accumulate debt until the bond market decides you can’t repay and you become the only buyer of your own bonds.
Monetise debt via a one off currency devaluation.
All the things people say they can’t do, they can do.
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The average Joe with his 401K can and will get rich and retire comfortably, even early, and you too, if only you pay attention to the posts above and stop listening to the fear mongering, dooms day predictions and pessimism.
(https://matingas.files.wordpress.com/2017/12/6360948027775480071537775930_hgjhgjhfj.jpg?w=1200)
Yup, this FIRE is fine indeed. 8)
Financial
Independence
Retire
Early
"During the pandemic, with millions of people unemployed, the number of workers joining the millionaire’s club hit record levels. In its third-quarter retirement report, Fidelity Investments said the number of 401(k) participants with $1 million or more in one of its plans increased to 262,000, up about 17 percent from the previous quarter. The number of IRA millionaires jumped to 234,000, up nearly 15 percent. Both topped the previous highs in the 2019 fourth quarter, when Fidelity reported 233,000 401(k) millionaires and 208,000 IRA millionaires."
https://www.washingtonpost.com/business/2020/11/16/401k-millionaires-record-high/
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No mention by Dalio of Sats being the defence against trash cash. But yeah, he's right.
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Wish I could go back a year and just dump all of my money into stocks. I bought Caesars at $9 and it has gone up as high as $106 and now sitting at $90. I did this with a lot of stocks. BUT BUT BUT, I only put in $1-2 thousand each. yeah, I made some good cash, but fuck, I could be retired now if I just dumped all of my cash into any of them. Fuck me. Another opportunity wasted. I know some complete fucking morons that cleaned house over the last year on their stock trade. I know one Escort who has made over $100G in stocks, she put a lot into Tesla.
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Wish I could go back a year and just dump all of my money into stocks. I bought Caesars at $9 and it has gone up as high as $106 and now sitting at $90. I did this with a lot of stocks. BUT BUT BUT, I only put in $1-2 thousand each. yeah, I made some good cash, but fuck, I could be retired now if I just dumped all of my cash into any of them. Fuck me. Another opportunity wasted. I know some complete fucking morons that cleaned house over the last year on their stock trade. I know one Escort who has made over $100G in stocks, she put a lot into Tesla.
I wish I could go back 50 years and buy Berkshire Hathaway.
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focus on what you can do now.
I sold a stock from 15 to 23 in value years ago. Its price is now 600. Why keep thinking about this?
It is much more constructive to find good investments now.
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No mention by Dalio of Sats being the defence against trash cash. But yeah, he's right.
Cash is trash. We all know it loses value. You either continue turning it to keep up or don't.
The problem is when lending and liquidity tightens up cash on hand is the vehicle to get things done.
The question is will they ever quit sending people money in the mail? I suspect once everybody at the top is good and paid they pull the plug and buy everything with that fake $$$. Not like this is new, just a new way to do it.
You can say there is pent up demand all you want, but once the stimmies stop normal people are extremely weak as consumers. This is a massive game of kick the can down the road.
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imagine if you could invest in Basile's biceps supinator business 20 years ago
... the investment would still be worthless today :D
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I love 100% up room to go with ZERO risk FREE money in the stock market since 2007!!
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I have had a very successful long term stock investing track record.
I am annoyed I was underweight tech/growth during Covid etc. Still, I'm doing OK, and now massively easing into value stocks with fundamentally solid businesses.
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The guv'ment is sending out checks to keep the citizenry pacified.
Otherwise they'd have a revolution.
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gib, can you give a few examples of the value stocks you are buying now?
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I have had a very successful long term stock investing track record.
I am annoyed I was underweight tech/growth during Covid etc. Still, I'm doing OK, and now massively easing into value stocks with fundamentally solid businesses.
Bragging about stocks in an "it only goes up" market is easy. LOL at anything being underbought with the Fed as Atlas holding the markets on its shoulders.
Look at Yellen's taxation comments from a couple days ago if you want to see where things are headed.
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The guv'ment is sending out checks to keep the citizenry pacified.
Otherwise they'd have a revolution.
We all laughed at Bernie and his MBI but here we are. If they ever shut mailbox money off a double digit percentage of people will just sit on their smart phones and starve to death. ;D
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BLS PPI numbers are nasty...
(https://cms.zerohedge.com/s3/files/inline-images/bfmE7C9.jpg?itok=rRm39KfJ)
"there's no high inflation" is starting to sound a lot like "there's no radiation leak, comrade".
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If our taxes were doubled it couldn't put a dent in the current spending and proposed spending. Wild inflation has already begun. Anyone that buys food and is paying attention at the super market has seen this. I just bought some construction material to complete a project and the price is up 30% from a year ago.
Waiting for the stock market to crash with a wild sell off. I just wonder when that's happening. It won't be a correction. It will be a sell off as people want to keep their gains. These radical Democrats sure know how to wreck an economy. As long as they get their slice they will run the country into the ground. This insane trillions of money hand outs has to end. Now they have a new 2 trillion proposed projects in a hand out for kick backs scheme.
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Neo-slave money, neo-slave stocks.
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Quote: "Index fund investing is a long-term strategy".
But they retired in their 30s or 40s?
Yes, the market is way up now but it will tank soon and they won't be millionaires anymore and it will be back to work.
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Quote: "Index fund investing is a long-term strategy".
But they retired in their 30s or 40s?
Yes, the market is way up now but it will tank soon and they won't be millionaires anymore and it will be back to work.
Like I said earlier, a lot of geniuses in an only up market. Also, they are guilty of white cultural appropriation. :D
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Quote: "Index fund investing is a long-term strategy".
But they retired in their 30s or 40s?
Yes, the market is way up now but it will tank soon and they won't be millionaires anymore and it will be back to work.
Agreed, especially if their portfolio is 100% stocks, don't keep expenses low and don't have a good sequence of return risk strategy.
They should have kept working a little longer and built a higher net worth, and then FAT FIRE.
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Quote: "Index fund investing is a long-term strategy".
But they retired in their 30s or 40s?
Yes, the market is way up now but it will tank soon and they won't be millionaires anymore and it will be back to work.
they also made 300 k from real estate.
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(https://www.flowbank.com/hubfs/buffet%20indicator%20april%2025.png)
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If our taxes were doubled it couldn't put a dent in the current spending and proposed spending. Wild inflation has already begun. Anyone that buys food and is paying attention at the super market has seen this. I just bought some construction material to complete a project and the price is up 30% from a year ago.
Waiting for the stock market to crash with a wild sell off. I just wonder when that's happening. It won't be a correction. It will be a sell off as people want to keep their gains. These radical Democrats sure know how to wreck an economy. As long as they get their slice they will run the country into the ground. This insane trillions of money hand outs has to end. Now they have a new 2 trillion proposed projects in a hand out for kick backs scheme.
All of which is why you need some exposure to Bitcoin.
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For the Getbig Buffett/Munger/Bogle disciples....comments from Munger from the 2021 Berkshire Shareholder meeting....does this sound like buy and hold forever is a good strategy?
“Bernie Sanders has basically won," the 97-year old said. "He did it by accident, but he won."
Munger then followed up with a sad truth which the largest US generation will hate to hear: "the millennial generation is going to have a hell of a time getting rich compared to our generation" the billionaire said, referring to its engagement with the stock market, where for now at least, millennials appear to be winning but Munger is confident that it will all end in tears.
Munger then slammed the retail investing euphoria and froth seen across multiple assets, saying we have a lot to be ashamed of for current conditions. “It’s not just stupid, it’s shameful,” he says describing what’s going on.
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For the Getbig Buffett/Munger/Bogle disciples....comments from Munger from the 2021 Berkshire Shareholder meeting....does this sound like buy and hold forever is a good strategy?
“Bernie Sanders has basically won," the 97-year old said. "He did it by accident, but he won."
Munger then followed up with a sad truth which the largest US generation will hate to hear: "the millennial generation is going to have a hell of a time getting rich compared to our generation" the billionaire said, referring to its engagement with the stock market, where for now at least, millennials appear to be winning but Munger is confident that it will all end in tears.
Munger then slammed the retail investing euphoria and froth seen across multiple assets, saying we have a lot to be ashamed of for current conditions. “It’s not just stupid, it’s shameful,” he says describing what’s going on.
Bunch of old farts upset at seeing so many young people becoming millionaires from playing the market? These fuckers for decades have manipulated the market in their favor and now they're crying. Fuck them all.
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Bunch of old farts upset at seeing so many young people becoming millionaires from playing the market? These fuckers for decades have manipulated the market in their favor and now they're crying. Fuck them all.
Right, all these young people buying tulips are on to something big.
This time it's different. The old rules don't apply.
(https://spoilertime.com/wp-content/uploads/2016/04/giphy-3.gif)
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Twitter stock sell off and manipulation ongoing.
Money to be made.
Good luck to all.
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Right, all these young people buying tulips are on to something big.
This time it's different. The old rules don't apply.
(https://spoilertime.com/wp-content/uploads/2016/04/giphy-3.gif)
Well wallstreetbets where a lot of those young people reside effectively got high jacked. Dozens of new mods, threads and poster getting banned for mentioning certain topics. The suspicion is that it's an inside job (hedge funds)
Also have you seen what gamestop data looks like. Seriously, look at it! I think those tulip bulb buying youngns have won this round and have themselves a nice bunch of flowers.
Could end up doing a hell of a lot of collateral damage if this isn't over.
(https://www.advfn.com/p.php?pid=staticchart&s=NYSE:GME&p=5&t=52)
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Playing the markets is a lot like unprotected sex, you just have to know when to pull out.
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Playing the markets is a lot like unprotected sex, you just have to know when to pull out.
Yes, but sometimes it's prudent to go raw. no condom. no pullout. This is getbig after all.
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When you shoot your load, make it count.
Stick that penis in the wrong location or into the wrong person, and the result can be nasty...
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Also have you seen what gamestop data looks like. Seriously, look at it!
(https://www.advfn.com/p.php?pid=staticchart&s=NYSE:GME&p=5&t=52)
I guess no one else sees it, but to me it looks like a pennant that's ready breakout. Bull or a bear? If it's bullish we could end up seeing a once in a lifetime gamma squeeze. I'm putting some FOMO money down!
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look into the earnings of gamestop etc, and its PE ratio, before you invest in it.
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look into the earnings of gamestop etc, and its PE ratio, before you invest in it.
Nobody believes in that sort of thing anymore, haha. TSLA...cough, hack...
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Nobody believes in that sort of thing anymore, haha. TSLA...cough, hack...
Tesla is down 27% from its peak.
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Tesla is down 27% from its peak.
Tesla benefitted big time from selling credits to other car companies so they can meet their "green energy" goals. Now those same companies that paid billions to Tesla all now have electric cars in their lineup so they won't need to buy those credits anymore. Tesla can't hide behind this free cash like it did all of last year now that it's gone. Selling 100K cars is not going to cut it either.
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look into the earnings of gamestop etc, and its PE ratio, before you invest in it.
I'm not investing. I'm having a small bet on market dynamics playing out.
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Rotation for growth into value well underway. Buy value stocks with solid fundamentals. Easy money ahead to be made.
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Bitcoin hit the shitter this weekend, Taiwan just hit the shitter this morning. Hearing hedge funds and banks in the US have had staff working through the weekend and overnight. Could be a rough week!
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Wal Mart has its issues but as the only large company to be able to compete with untaxed chicom propped Amazon, this is good stuff.
(https://cms.zerohedge.com/s3/files/inline-images/wmt%20q1%202021.jpg?itok=JpG9Ulvw)
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I guess no one else sees it, but to me it looks like a pennant that's ready breakout. Bull or a bear? If it's bullish we could end up seeing a once in a lifetime gamma squeeze. I'm putting some FOMO money down!
look into the earnings of gamestop etc, and its PE ratio, before you invest in it.
Nobody believes in that sort of thing anymore, haha. TSLA...cough, hack...
Bullish breakout for gamestop
(https://s3.tradingview.com/k/kvMC052R_mid.png)
(https://www.zikoko.com/wp-content/uploads/zikoko/2018/07/tenor-4.gif)
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Playing the markets is a lot like unprotected sex, you just have to know when to pull out.
Not just that - you need to be careful about what you even stick it into in the first place. It may seem like fun at the time, only to be very painful in hindsight.
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Not just that - you need to be careful about what you even stick it into in the first place. It may seem like fun at the time, only to be very painful in hindsight.
Sticking it into a company that has no debts, 10 million plus pre-existing customer base. Pivoting away from bricks and mortar into ecommerce and digital. Has lured big names away Amazon, Google and Facebook to make the pivot. Expanding operations globally. Pioneering the use of NFTs for digital games resale which will see money flow back to developers. Developers who now can't wait to come on board and provide exclusives. Also making moves in esports and streaming.
They will potentially kill off Steam/Valve, Twitch and can undercut amazon on the ecommerce side. The possible Overstock type naked short selling situation, NFT dividends and resulting squeeze would just be an added bonus. My only regret is that I didn't stick more in! Watch it jump another 15% today
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Sticking it into a company that has no debts, 10 million plus pre-existing customer base. Pivoting away from bricks and mortar into ecommerce and digital. Has lured big names away Amazon, Google and Facebook to make the pivot. Expanding operations globally. Pioneering the use of NFTs for digital games resale which will see money flow back to developers. Developers who now can't wait to come on board and provide exclusives. Also making moves in esports and streaming.
They will potentially kill off Steam/Valve, Twitch and can undercut amazon on the ecommerce side. The possible Overstock type naked short selling situation, NFT dividends and resulting squeeze would just be an added bonus. My only regret is that I didn't stick more in! Watch it jump another 15% today
Up 15.71% yesterday
(https://thumbs.gfycat.com/UnfitOpenIndianpalmsquirrel-size_restricted.gif)
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Up 15.71% yesterday
(https://thumbs.gfycat.com/UnfitOpenIndianpalmsquirrel-size_restricted.gif)
LOL that gif cracks me up everytime!
Good work on that pick.
I shuffled my shitbag alts around, mostly in EOS for the moment.
So much for this Bitcoin crash, we ended up only down to 36k and now ranging.
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Right, all these young people buying tulips are on to something big.
This time it's different. The old rules don't apply.
(https://spoilertime.com/wp-content/uploads/2016/04/giphy-3.gif)
Tulips just blossomed again
(https://steamuserimages-a.akamaihd.net/ugc/1043093265359061321/A0267AF1548E0EC7ED8CA97F9B1E5FD7E9CBCC03/)
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Right, all these young people buying tulips are on to something big.
This time it's different. The old rules don't apply.
(https://spoilertime.com/wp-content/uploads/2016/04/giphy-3.gif)
How's your portfolio looking vs the Tulips?
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How's your portfolio looking vs the Tulips?
Getbig billionaire here.
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Getbig billionaire here.
So living in your mums basement?
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So living in your mums basement?
Even got a mini-fridge.
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Anyone got a good stock to buy right now?
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Reposting this here.
>
Done quite a bit of reading about crypto and I believe crypto will be recognized one day as a legitimate medium of exchange.
That day is not here yet. You don't go into WalMart and pay with crypto as far as I know. Do you?
I was in WalMart yesterday and didn't see the crypto pay option. Someday it might be there.
Right now it is pure speculation.
If you truly consider it to be currency, then what you are doing is currency speculation.
Pros make a lot of money with currency speculation. Also speculating in metals, corn futures, other commodities, etc.
Nothing new about that. A few will get rich which is what happens with speculating in things to get rich.
Remember "Day Trading"? When was that? About 10-12 years ago? Everybody was going to get rich being a day trader.
My neighbor told me he was doing it. Didn't work out for him. His wife later booted him out of the house.
Some got wealthy with day trading. Mainly the people teaching day trading to suckers like my neighbor.
Anybody old enough to remember the "airplane"? You bought a seat on the imaginary airplane for $3,000 and moved up every time another sucker bought a seat. When you got to first class and then got off the plane you collected like $50,000 or something.
That was a hot one back in the 1980s.
Most will not speculate successfully and lose as there is only so much to go around. Which is why new crypto types are being created all the time. Something new to sell the suckers. So give it a shot if you dare. I'm not saying you can't be the one lightning hits.
You have to find someone willing to pay more for what you paid someone else more for.
This is called the...
Greater Fool Theory
By Adam Hayes
The greater fool theory argues that prices go up because people are able to sell overpriced securities to a "greater fool," whether or not they are overvalued. That is, of course, until there are no greater fools left.
Investing, according to the greater fool theory, means ignoring valuations, earnings reports, and all the other data. Ignoring the fundamentals is, of course, risky; and so people subscribing to the greater fool theory could be left holding the bag after a correction.
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Anyone got a good stock to buy right now?
I wouldn't say it's a good time to buy anything right now as valuations are very high.
If you are investing small amounts over time buy this...available as an ETF or mutual fund.
https://www.morningstar.com/funds/xnas/vtsmx/quote
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Bought 1500 shares of CLOV yesterday as a goof.
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How's your portfolio looking vs the Tulips?
Looks great in artificially inflated market
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This is an excellent article about all of the printed money going into intangible assets which keeps inflation from running away.
Somebody is getting the money, just not the people with the carrot on a stick promises.
https://brucewilds.blogspot.com/2021/06/investments-in-intangible-assets-have.html
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This is an excellent article about all of the printed money going into intangible assets which keeps inflation from running away.
Somebody is getting the money, just not the people with the carrot on a stick promises.
https://brucewilds.blogspot.com/2021/06/investments-in-intangible-assets-have.html
A lot of money being soaked up by people overpaying for real estate right now.
Same thing happened prior to the last debacle in 2008. All those people bought at the top and when the economy hit the skids they owed more than the house was worth and went under.
Real estate values dropped by a third or more. Same thing is going to happen soon and foreclosures are going to be plentiful.
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I wouldn't say it's a good time to buy anything right now as valuations are very high.
If you are investing small amounts over time buy this...available as an ETF or mutual fund.
https://www.morningstar.com/funds/xnas/vtsmx/quote
Thanks IroNat
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A lot of money being soaked up by people overpaying for real estate right now.
Same thing happened prior to the last debacle in 2008. All those people bought at the top and when the economy hit the skids they owed more than the house was worth and went under.
Real estate values dropped by a third or more. Same thing is going to happen soon and foreclosures are going to be plentiful.
It's interesting that everybody was flush with free cash for a fixed amount of time..and then poof - it's all gone to the hands that arranged to have it printed in the first place.
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A lot of money being soaked up by people overpaying for real estate right now.
Same thing happened prior to the last debacle in 2008. All those people bought at the top and when the economy hit the skids they owed more than the house was worth and went under.
Real estate values dropped by a third or more. Same thing is going to happen soon and foreclosures are going to be plentiful.
The only ones fucked where the ones getting loans that had no business or good kredit for having such loans. Alot didn't even have a job.
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Just heard on the news that new and used car sales are through the roof.
Prices are up.
Supposedly the chip shortage is driving up new car prices.
More at 11.
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The only ones fucked where the ones getting loans that had no business or good kredit for having such loans. Alot didn't even have a job.
Good points. They were not the only ones who got in trouble though.
If you buy at the top with a mortgage, which is most people, and the market tanks you are stuck upside down in your house.
It's a lousy feeling.
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https://askinglot.com/who-did-warren-buffett-learn-from
Lessons From Warren Buffett
Invest in yourself.
Don't watch the market closely.
Be frugal.
It's easier to stay out of trouble than it is to get out of trouble.
Keep it simple.
Reputation is important.
Only work with people you trust.
Don't borrow money to buy stocks.
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The only lesson you need to learn for the current markets is that nearly everything is run by $billions worth of algos. At this point it's 90% market manipulation.
Need some proof? Meme stock pump incoming Thursday/Friday.
Yes, the money is down!
(https://memegenerator.net/img/images/15284452.jpg)
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The only lesson you need to learn for the current markets is that nearly everything is run by $billions worth of algos. At this point it's 90% market manipulation.
Need some proof? Meme stock pump incoming Thursday/Friday.
Yes, the money is down!
(https://memegenerator.net/img/images/15284452.jpg)
Is that something for GME or AMC stock or some other stuff?
I wonder if any of those short positions held by hedge funds will be closed in the short term? With the immediate future a bit uncertain those funds can’t really derisk without closing a short and as a result sending the price higher.
Fark imagine that! We get a share market sell off, hedge funds close shorts on GME which creates a squeeze in remaining shorts and sends the price to the moon. Could that really happen?
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Is that something for GME or AMC stock or some other stuff?
I wonder if any of those short positions held by hedge funds will be closed in the short term? With the immediate future a bit uncertain those funds can’t really derisk without closing a short and as a result sending the price higher.
Fark imagine that! We get a share market sell off, hedge funds close shorts on GME which creates a squeeze in remaining shorts and sends the price to the moon. Could that really happen?
It's GME day today/Friday. I don't know about a short squeeze, would be nice, but not banking on it. The algo has artificially held down the GME price. It's sick and has to puke some of it up soon.
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I'm making good money from stocks right now. Life is good.
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I'm making good money from stocks right now. Life is good.
It's a good time to take some money off the table (if possible without a big tax hit).
Shift money into bonds or cash before the crash.
Observe a wise asset allocation between stocks and bonds/cash.
The big dump could still be a year or two off but it's still smart to put some money in a safe position.
Pigs get fat, hogs get slaughtered.
https://www.multpl.com/shiller-pe
https://www.multpl.com/s-p-500-pe-ratio
https://www.currentmarketvaluation.com/models/buffett-indicator.php
(https://www.currentmarketvaluation.com/images/2021-06-24-BI-5-Mkt-to-GDP-Detrended-Recent-890@1x.png)
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I agree, IroNat, I am considering to diversify and put some money into more safe options.
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I agree, IroNat, I am considering to diversify and put some money into more safe options.
It's hard to make this decision when the markets are going up, up, up.
Things are getting crazy though.
I'm unable to move much money since it's in taxable accounts and I'd have a tax hit but did move some 401k money from stocks to bonds last week.
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It's a good time to take some money off the table (if possible without a big tax hit).
Unless Biden gets his retroactive tax hike to April of this year. :)
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Unless Biden gets his retroactive tax hike to April of this year. :)
Getbig billionaires beware!
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Getbig billionaires beware!
That pretty much describes everyone here! That and we only date 11s... ;D
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That pretty much describes everyone here! That and we only date 11s... ;D
Truth!
(https://media1.tenor.com/images/c5372935b530ec8f063816c6b3cd1b44/tenor.gif)
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Stop posting that ugly girls face pls
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I'm thinking of doubling my index funds this week. Is it a good time for a lump sum or do you guys see a crash coming and better to dollar cost average right now?
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I'm thinking of doubling my index funds this week. Is it a good time for a lump sum or do you guys see a crash coming and better to dollar cost average right now?
Impossible to know the future but a major correction is over-due. Could be a year or two out though.
The market is definitely on borrowed time.
I'm not putting anymore money into stocks now.
It depends on what your portfolio looks like currently.
What is your current allocation between stocks, bonds, and cash?
How much $$ are you talking about putting into the market?
How old are you and what is your time horizon?
(https://www.currentmarketvaluation.com/images/2021-07-29-BI-3-Mkt-to-GDP-890@1x.png)
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Don't forget, if you get out, you have to know when to get back in again. (here's a hint: you won't, and you'll miss it, and you'll end up buying high again)
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Don't forget, if you get out, you have to know when to get back in again. (here's a hint: you won't, and you'll miss it, and you'll end up buying high again)
agreed
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Don't forget, if you get out, you have to know when to get back in again. (here's a hint: you won't, and you'll miss it, and you'll end up buying high again)
He's not out of the market. His question concerns making a lump sum investment.
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Impossible to know the future but a major correction is over-due. Could be a year or two out though.
The market is definitely on borrowed time.
I'm not putting anymore money into stocks now.
It depends on what your portfolio looks like currently.
What is your current allocation between stocks, bonds, and cash?
How much $$ are you talking about putting into the market?
How old are you and what is your time horizon?
(https://www.currentmarketvaluation.com/images/2021-07-29-BI-3-Mkt-to-GDP-890@1x.png)
34.
I have a business so I'm thinking just to keep enough reserve cash to cover each subsequent business stock order (plus a few extra 1000s for emergency/wages) and putting the rest to work in stocks. I can always take a few 1000 out of the stocks when needed.
Goal is to semi retire in 10 years. Not sure if I'll be able to attain the elite getbigger level though as I'm estimating I'll only be able to invest 10-20 a year.
I don't know anything about bonds, but I put 10000 into the s&p 500 today so my stocks are at 25000 pounds and current cash 8000.
I'm a bit conflicted as it makes more sense investing into my own business as it's a tax write off but in the UK we have a 20000 tax free investment limit, and my business isn't currently at a point where I'm certain an aggressive cash re-investment will take it to the next level.
It's a kinda finger biting time to get in as the market looks like its peaking and hasn't really had a sustained downturn for a while.
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34.
I have a business so I'm thinking just to keep enough reserve cash to cover each subsequent business stock order (plus a few extra 1000s for emergency/wages) and putting the rest to work in stocks. I can always take a few 1000 out of the stocks when needed.
Goal is to semi retire in 10 years. Not sure if I'll be able to attain the elite getbigger level though as I'm estimating I'll only be able to invest 10-20 a year.
I don't know anything about bonds, but I put 10000 into the s&p 500 today so my stocks are at 25000 pounds and current cash 8000.
I'm a bit conflicted as it makes more sense investing into my own business as it's a tax write off but in the UK we have a 20000 tax free investment limit, and my business isn't currently at a point where I'm certain an aggressive cash re-investment will take it to the next level.
It's a kinda finger biting time to get in as the market looks like its peaking and hasn't really had a sustained downturn for a while.
With those amounts I'd dump into the market and not worry. In other words, it's not a significant sum.
I'm not belittling your wealth but if the amount was large and you're 60 then it's a different situation.
You have a long time horizon so any market fluctuations will not matter in the long run. Just stay in the market and don't sell during downturns.
Keep enough liquid funds available for emergencies and your business so you never need to sell your investments.
Check this out: https://www.bogleheads.org/wiki/Main_Page
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With those amounts I'd dump into the market and not worry. In other words, it's not a significant sum.
I'm not belittling your wealth but if the amount was large and you're 60 then it's a different situation.
You have a long time horizon so any market fluctuations will not matter in the long run. Just stay in the market and don't sell during downturns.
Keep enough liquid funds available for emergencies and your business so you never need to sell your investments.
Check this out: https://www.bogleheads.org/wiki/Main_Page
Nice. I hope I can join the business trips to dubai india club soon ;D
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Nice. I hope I can join the business trips to dubai india club soon ;D
Right now the plane is full but every now and then Bezos, Musk, or Bhank fly in their own private jets so you might get a chance.
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I let Charles Schwab handle such things, uninteresting to me.
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I let Charles Schwab handle such things, uninteresting to me.
I'd never blindly trust someone to handle my money.
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I'd never blindly trust someone to handle my money.
I'd prefer someone with 20+ years experience to manage my investments. If I was a finance guy I'd do it myself, I am not.
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I'd prefer someone with 20+ years experience to manage my investments. If I was a finance guy I'd do it myself, I am not.
It's not hard to do. It's very simple.
The financial guys want you to think it's hard.
I used to be one.
See my link above.
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80% VTSAX
20% aggregate bonds
works for most people
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Collectable tupperware and beanie babies
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Step one learn how to use leverage and margin
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80% VTSAX
20% aggregate bonds
works for most people
Smart getbigger.
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It's not hard to do. It's very simple.
The financial guys want you to think it's hard.
I used to be one.
See my link above.
Yup.
(http://www.getbig.com/boards/index.php?action=dlattach;topic=620698.0;attach=971913;image)
Free eBook: "If You Can: How Millennials Can Get Rich Slowly"
by William J Bernstein
https://www.etf.com/docs/IfYouCan.pdf
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You need a margin based account so you can buy and sell in and out the same day without waiting 2 days for settlememt
A margin account will also allow you to borrow up to 50% from the broker that gives you 2 to 1 leverage with or against the market
Then you need to learn about leverage derivates that will give you 3 to 1 against sectors and indexes. Combined with your broker borrowing you can now go 6 to 1 with or against the market
Then you can eventually learn about option and future contracts that will allow you to go 100 to 1 Delta but may have Theta decay
Once you have these accounts opened and these basic concepts figured out we can go further but there is no need to even talk about what to trade yet
We then need to talk statistics and mean reversion theories standard deviations peaks and troughs candlesticks Beta correlation etc etc
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You need a margin based account so you can buy and sell in and out the same day without waiting 2 days for settlememt
A margin account will also allow you to borrow up to 50% from the broker that gives you 2 to 1 leverage with or against the market
Then you need to learn about leverage derivates that will give you 3 to 1 against sectors and indexes. Combined with your broker borrowing you can now go 6 to 1 with or against the market
Then you can eventually learn about option and future contracts that will allow you to go 100 to 1 Delta but may have Theta decay
Once you have these accounts opened and these basic concepts figured out we can go further but there is no need to even talk about what to trade yet
We then need to talk statistics and mean reversion theories standard deviations peaks and troughs candlesticks Beta correlation etc etc
Or you could just buy VTSAX and hold it long term.
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Or you could just buy VTSAX and hold it long term.
If you just want the market return sure but the idea is to buy the market stock or collectable beanie babies on the dips and sell the rips using leverage to get an exponential return. The idea is to make money in all market conditions regardless of product traded
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If you just want the market return sure but the idea is to buy the market stock or collectable beanie babies on the dips and sell the rips using leverage to get an exponential return. The idea is to make money in all market conditions regardless of product traded
Exactly, which is more than enough to make anyone wealthy or at least have a very comfortable retirement, with little effort, in 10 to 30 years depending on how much and how early they invest in that period.
And the market returns are more than most active investors get by timing the market. Chasing exceptional returns and timing the market is one of the main reasons active investors lose money and get below average returns, not to mention high fund fees, high transaction fees, and capital gains taxes from buying and selling too often.
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Where will Bhank pop up next to provide his expertise?
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If you just want the market return sure but the idea is to buy the market stock or collectable beanie babies on the dips and sell the rips using leverage to get an exponential return. The idea is to make money in all market conditions regardless of product traded
LOL. No one makes money in all market conditions. Most hedge funds and mutual funds can't beat the market. A lot less stress in buying the market consistently, reinvesting the dividends and letting it grow long-term.
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Boglehead 3 fund portfolio. No thinking. More free time to enjoy your money. All getbiggers are millionaires already - no need for stress, risks, and margin calls.
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If you just want the market return sure but the idea is to buy the market stock or collectable beanie babies on the dips and sell the rips using leverage to get an exponential return. The idea is to make money in all market conditions regardless of product traded
Out of curiosity, what has been BHank's personal rate of return during the last, say decade, best years, worst years? This isn't a cheap shot, I saw your resume during the BHank outing a few months ago, and am genuinely interested in your financial musings.
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LOL. No one makes money in all market conditions. Most hedge funds and mutual funds can't beat the market. A lot less stress in buying the market consistently, reinvesting the dividends and letting it grow long-term.
Another smart getbigger.
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Boglehead 3 fund portfolio. No thinking. More free time to enjoy your money. All getbiggers are millionaires already - no need for stress, risks, and margin calls.
Exactly!
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You need a margin based account so you can buy and sell in and out the same day without waiting 2 days for settlememt
A margin account will also allow you to borrow up to 50% from the broker that gives you 2 to 1 leverage with or against the market
Then you need to learn about leverage derivates that will give you 3 to 1 against sectors and indexes. Combined with your broker borrowing you can now go 6 to 1 with or against the market
Then you can eventually learn about option and future contracts that will allow you to go 100 to 1 Delta but may have Theta decay
Once you have these accounts opened and these basic concepts figured out we can go further but there is no need to even talk about what to trade yet
We then need to talk statistics and mean reversion theories standard deviations peaks and troughs candlesticks Beta correlation etc etc
That's smart. I do covered calls weekly. It's almost like a paycheck. I put 80% of the premiums I make back into stock and take the other 20% out. 52 times a year. Don't lift a finger and the money I make from it is pretty crazy. Safest way to do options IMO.
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That's smart. I do covered calls weekly. It's almost like a paycheck. I put 80% of the premiums I make back into stock and take the other 20% out. 52 times a year. Don't lift a finger and the money I make from it is pretty crazy. Safest way to do options IMO.
After these bull markets, do you still own any stock?
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Out of curiosity, what has been BHank's personal rate of return during the last, say decade, best years, worst years? This isn't a cheap shot, I saw your resume during the BHank outing a few months ago, and am genuinely interested in your financial musings.
I have had some really good years like 300% up and unfortunately some really bad years like down 50%. Prop traders will make money in all conditions or lose their jobs. I would have lost my job the last few years. But I was killing it before that I deviated from the plan got over extended and messed up it happens. I may have to actually go back to working for the man soon if my positions do not turn around.
Never go all in on collectible Tupperware and beanie babie
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This is what matters when it comes to timing. The freebie spigot is being turned off all at once. Many of these people didn't go back to work...at least not yet. Big time consumer weakness Q4.
(https://cms.zerohedge.com/s3/files/inline-images/bfmFAF1.jpg?itok=A9eRxmr3)
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You need a margin based account so you can buy and sell in and out the same day without waiting 2 days for settlememt
A margin account will also allow you to borrow up to 50% from the broker that gives you 2 to 1 leverage with or against the market
Then you need to learn about leverage derivates that will give you 3 to 1 against sectors and indexes. Combined with your broker borrowing you can now go 6 to 1 with or against the market
Then you can eventually learn about option and future contracts that will allow you to go 100 to 1 Delta but may have Theta decay
Once you have these accounts opened and these basic concepts figured out we can go further but there is no need to even talk about what to trade yet
We then need to talk statistics and mean reversion theories standard deviations peaks and troughs candlesticks Beta correlation etc etc
What's your advice on shorting and options?
I bought a put option last week and I'm not that impressed with options. It seems like you're spending money on something that could expire worthless.
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This is what matters when it comes to timing. The freebie spigot is being turned off all at once. Many of these people didn't go back to work...at least not yet. Big time consumer weakness Q4.
(https://cms.zerohedge.com/s3/files/inline-images/bfmFAF1.jpg?itok=A9eRxmr3)
NOPE
(https://i.ibb.co/yhpnbs3/spdrs.jpg) (https://imgbb.com/)
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Haha, okay. If you feel that reflects reality then stay with it.
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Haha, okay. If you feel that reflects reality then stay with it.
No way, reality is completely opposite to the markets right now.
Economy is completely in the toilet, its all an illusion, everything is fcked right now and been so for a long while.
HOWEVER, I learned a really long time ago that the old saying is 100% true...
"the markets can remain irrational longer than you can remain solvent" - Keynes
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What's your advice on shorting and options?
I bought a put option last week and I'm not that impressed with options. It seems like you're spending money on something that could expire worthless.
Did some research and looked up shorting the market via mutual funds that specialize in this.
Unfortunately these funds have lost 20-40% a year shorting the market.
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No way, reality is completely opposite to the markets right now.
Economy is completely in the toilet, its all an illusion, everything is fcked right now and been so for a long while.
HOWEVER, I learned a really long time ago that the old saying is 100% true...
"the markets can remain irrational longer than you can remain solvent" - Keynes
this
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Economy is completely in the toilet, its all an illusion, everything is fcked right now and been so for a long while.
why so? Please elaborate
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why so? Please elaborate
no one working yet economy going up up up
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no one working yet economy going up up up
Lots of people are working.
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Lots of people are working.
Yeah, all the small business owners that got crushed by lockdowns love working at Costco. Did their wages go up 20% this year like everything else did?
Where is the creation of value? Demand did not drive asset prices up, it was printing, stimmies and easy money policy.
Market hitting Hindenberg Omens over and over but nothing matters until it does...
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When the Democrats get their wish for massive capital gains tax on stock market appreciation there will be a massive sell off of stocks and people will lose their life savings. Publicly traded companies will stop hiring leading to this economy on a bigger downward spiral than it's on right now.
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When the Democrats get their wish for massive capital gains tax on stock market appreciation there will be a massive sell off of stocks and people will lose their life savings. Publicly traded companies will stop hiring leading to this economy on a bigger downward spiral than it's on right now.
What will wealthy getbiggers do with their money when Democrats do this? Real estate?
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Turkish Lira lost almost 20% of it's value in one day. Tick tock.
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What will wealthy getbiggers do with their money when Democrats do this? Real estate?
Leave.
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There used to be a small handful of people that could manipulate the market but now with the billionaire list growing and social media, the stock market is one big bullshit ponzi. A lot of people are now influencing stocks, cryptos etc... and making serious money on the constant up and down. Up for two weeks, sell on the dip, up for two weeks, sell on the dip, on and on. they are just increasing their wealth 10% every couple of weeks. Fucking insane. How do you stop it?
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Anyone want to argue that there was not 20% inflation in the last year is going to have a hard time explaining this one. ;D
Dollar Tree Makes It Official: Items Will Now Cost $1.25
https://www.huffpost.com/entry/dollar-tree-raises-prices-125_n_619d6f8ee4b044a1cc0e37ed
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There used to be a small handful of people that could manipulate the market but now with the billionaire list growing and social media, the stock market is one big bullshit ponzi. A lot of people are now influencing stocks, cryptos etc... and making serious money on the constant up and down. Up for two weeks, sell on the dip, up for two weeks, sell on the dip, on and on. they are just increasing their wealth 10% every couple of weeks. Fucking insane. How do you stop it?
You have to put your cash somewhere. The fed just continues to print money.
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You have to put your cash somewhere. The fed just continues to print money.
indeed. The more difficult exercise is to determine what to invest in.
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You have to put your cash somewhere. The fed just continues to print money.
I'm not a finance expert but that's why I'm guessing real estate. Seems harder for the government to tax "unrealized gains" on lands and buildings.
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indeed. The more difficult exercise is to determine what to invest in.
TIPs or I-Bonds for fixed income/cash is not a bad option.
Just keep emergency funds liquid.
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indeed. The more difficult exercise is to determine what to invest in.
It is, especially in these markets where everything seems inflated. I have a ton of money in the stock market, and its' scary but I don't know what else to do. Every time I've tried to time the market, it's been an epic fail.
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It is, especially in these markets where everything seems inflated. I have a ton of money in the stock market, and its' scary but I don't know what else to do. Every time I've tried to time the market, it's been an epic fail.
If your money is in a tax deferred account then reallocate some to non-equity.
If you'll be in trouble if your equities drop 50% then move some out of equities.
If it's in taxable accounts then you're stuck unless you can take the tax hit.
In any case stop buying equities until you reach a decent allocation.
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It is, especially in these markets where everything seems inflated. I have a ton of money in the stock market, and its' scary but I don't know what else to do. Every time I've tried to time the market, it's been an epic fail.
reduce your exposure to growth stocks, IT type stocks. S&P trading at historically high P/E ratios. A correction is coming, not a crash. Many "experts" are predicting slow/little growth type market over next number of years. Dividend paying equities will be the investments to go into. It is what I have done and I too am big in the stock market.
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new covid strain causing a lot of concern.
I estimate SPX will close 2 or 3 percent in the red today..
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If your money is in a tax deferred account then reallocate some to non-equity.
If you'll be in trouble if your equities drop 50% then move some out of equities.
If it's in taxable accounts then you're stuck unless you can take the tax hit.
In any case stop buying equities until you reach a decent allocation.
95% of my invested money is in a brokerage account. Only can build up my ira so much with 6000 a year going into it. I don't worry too much because I'm 38 and don't need any of the money that's invested. It's obviously painful to watch it drop but i try and keep 10% or so always in cash in case of a correction so i can average down a little.
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reduce your exposure to growth stocks, IT type stocks. S&P trading at historically high P/E ratios. A correction is coming, not a crash. Many "experts" are predicting slow/little growth type market over next number of years. Dividend paying equities will be the investments to go into. It is what I have done and I too am big in the stock market.
That's what i'm pretty much into. I was probably under invested in tech. Around 25% of my money was in tech while the majority is in the S&P and SCHD which is a dividend etf. I also have a little international exposure and IBB.
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95% of my invested money is in a brokerage account. Only can build up my ira so much with 6000 a year going into it. I don't worry too much because I'm 38 and don't need any of the money that's invested. It's obviously painful to watch it drop but i try and keep 10% or so always in cash in case of a correction so i can average down a little.
At age 38 just keep buying and stay calm in the next crash.
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At age 38 just keep buying and stay calm in the next crash.
...AKA the best looking horse in the glue factory strategy. :)
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That's what i'm pretty much into. I was probably under invested in tech. Around 25% of my money was in tech while the majority is in the S&P and SCHD which is a dividend etf. I also have a little international exposure and IBB.
I was underinvested in tech as well. Got burned with blackberry years ago so I stayed away from most tech stocks. Did buy the QQQ which has turned out to be a great investment, up over 8X since I bought it years ago. Don't own SCHD but have bought QYLD and RYLD and some split corporations. Looking more at dividend income and dependable cash flow then future growth.
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Wall Street and Hedgefund veteran explains what really happened with Gamestop last Jan.
Reddit autists are looking for a repeat.
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Schwab handles my finances. I have no desire to follow the markets.
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Looks like the market is really going into a major correction.
Hopefully, Getbiggers have a sensible asset allocation.
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I was underinvested in tech as well. Got burned with blackberry years ago so I stayed away from most tech stocks. Did buy the QQQ which has turned out to be a great investment, up over 8X since I bought it years ago. Don't own SCHD but have bought QYLD and RYLD and some split corporations. Looking more at dividend income and dependable cash flow then future growth.
Got burned pretty bad recently with AEHR. Bought in at $5.10...stuff went up all the way to $23 or so....I didn't pay attention and its now sitting at $8.70 or so
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sell it, take your profit, and buy something with less P/E
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Looks like the market is really going into a major correction.
Hopefully, Getbiggers have a sensible asset allocation.
Good. VTSAX and VTI shares are on sale. :)
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(https://i.postimg.cc/285YCmHL/ezgif-1-b210da88b5.jpg)
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You guys should look at the big names and post up their current PE ratio. See if there is a pattern. I haven’t looked but I bet they’re pricing is bottoming out at a PE ratio number. Wouldn’t be interesting to see who is left with high numbers.
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S&P 500 P/E has been hovering around 20.
Dec 2020 it was close to 40.
Would like to see it around 15.
https://www.multpl.com/s-p-500-pe-ratio
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