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How’s the stock market?
- Thread starter lagunaboy
- Start date
I honestly expected a big selloff Wednesday, but nope. The floodgates of stimulus are opening wide. I made a mistake pulling money when I did.
don't bet against your 401k unless you are truly bailing out of the system. It always comes back.
Once covid is under control, the economy is going to take off, which wouldn't be that far off from now.
Despite the tremendous job loss over the last year, the stock market is high. Alot of companies are ready to blow!
Once covid is under control, the economy is going to take off, which wouldn't be that far off from now.
Despite the tremendous job loss over the last year, the stock market is high. Alot of companies are ready to blow!
Agreed. Most people are not successful with timing the market. I parked a fair amount into a bond fund when the Dow was at 26k thinking that the crash was coming. It did drop 3-4 months later when the Rona hit, but I punked out on buying back in on the upswing. Oh well.
Doubled down in a non-retirement account since then. Beyond a 6 month emergency fund it seems like a waste to save in a traditional bank account at 0.4% (was 2.2% when I started and the best around). Having fun playing the market, but everyones a genius in a bull market, I guess
Might be a repost, but I just came across it again-
www.brookings.edu
Biden-voting counties equal 70% of America's economy. What does this mean for the nation's political-economic divide? | Brookings
This economic rift that persists in dividing the nation is a problem because it underscores the near-certainty of both continued clashes between the political parties and continued alienation and misunderstandings.
www.brookings.edu
Just checked: My 401(k) is up over $100K since election day. Yowza!
Your municipality/county/state raises your property tax.
The Stock Market figures out it's in another debt bubble (or there's a 9/11 or a technical error like in the late 80s) and shits itself.
Those things are in no way correlated. That's kind of the whole point of "our team"s position on the fiscal/tax debate. It doesn't directly correlate with the stock market, so by definition the relationship is not directly causal.
It's why all the Conservatives who predicted armageddon when Clinton raised taxes and the minimum wage looked stupid. And why they all looked stupid when the payroll tax holiday and top bracket of the Bush tax cuts were allowed to expire and the market still did fine.
yeah i know. That’s why I told my uncle he’s crazy. And he drinks too much vodka.
Prevailing sentiment on his SEC pick is that he's crypto-friendly and expected to green light a crypto ETF.Secretary of Treasury Yellen says "crypto bad"
Crypto barely reacts.
Do you buy now in hopes this is the last easy moonshot, when this sh!t gets cleared for Winklevoss ETFs and such.
Or do you buy now and it shits itself like it did in 2018 and you're hodling bags for....three years last time this happened.
WallStreetBets (WSB) is now 2m members strong. And they just fcked up some Hedge funds by causing a huge short squeeze on GME stock. SEC is now looking at WSB, but they have always treaded carefully and don't allow organized pump and dumps. But when someone posts a particular stock outlook, the crowd knows what to do now. 
Yes....am happy to see hedge funds being destroyed by their own games.
Have enough $$, you can make the system bend....which is something the monied class has been doing for many years.
Get 50,000 people with $5,000 each and some good tools to leverage via options, take down the institutional shorts.
Have enough $$, you can make the system bend....which is something the monied class has been doing for many years.
Get 50,000 people with $5,000 each and some good tools to leverage via options, take down the institutional shorts.
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Good questions. Usually you can just figure out whatever I'm doing, do the opposite, and be guaranteed financial success.
Unfortunately, in this case, I really have no idea what I'm doing going forward.
Well, I do know one thing I'm doing - moving off exchange. But how long to hold? Whether or not to buy more? No se, amigo!
did you read about the GameStop stock...?WallStreetBets (WSB) is now 2m members strong. And they just fcked up some Hedge funds by causing a huge short squeeze on GME stock. SEC is now looking at WSB, but they have always treaded carefully and don't allow organized pump and dumps. But when someone posts a particular stock outlook, the crowd knows what to do now.
crazy stuff
I love this mayhem
fk the bosses
1 At $7 a share, I like to think of these as long term options that don't expire
2 Healthcare side of things
3 Beaten up stock/contrary/cyclical angle/turn around story
4 Aviation should come back
6 Renewable energy side of things
And of course, a day after the buy, down she goes.
GE is doing ok right now. Touched $12 earlier today but now around $11.40. Selling into the good news.
Bought 200 shares at $7 in 9/2020 because I don't have enough money to get more. A little more than 4 months and 60% return (on paper, could go into the toilet a second after I post this).
Is this way of investing still dead...or am I still gambling (probably am gambling, but I like to pretend it is better odds than other methods because of my ego and tiny bit of wit)?
Anyway, just doomed my position by bringing it up.
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These first weeks of the new year have been horrible for me. Down a ton due to my wildly volatile portfolio
But it'll sort itself out and I will get a bunch of money from it.
But it'll sort itself out and I will get a bunch of money from it.