Stock Market continues to plummet under joe bidens presidency,,,,

[HemisfairArena]

now down below 32,000,,,,way to go, joe,,,,what will you fail at next?,,,,,,

31,964.54=-281.16(-0.87%)As of 12:59PM EDT. Market open.

[SpursforSix]

LOL if you think Joe had much control of that. But like any president, you get the hand you're dealt. In most cases, circumstances (good or bad) were put in place years before.

[SnakeBoy]

He just finished a speech and blamed rich people, oil companies & meatpackers

[SnakeBoy]

https://i1.wp.com/pbs.twimg.com/media/C70adT_VAAATM_x.jpg?ssl=1

[Winehole23]

He just finished a speech and blamed rich people, oil companies & meatpackersthat's somewhat simplistic, but all are deserving targets. :tu

Inflation is a fig leaf for predatory pricing. For greed, in other words

[ChumpDumper]

He just finished a speech and blamed rich people, oil companies & meatpackers

:tu

[ChumpDumper]

https://i1.wp.com/pbs.twimg.com/media/C70adT_VAAATM_x.jpg?ssl=1

:lmaoYou voted for Trump twice.

[Winehole23]

15 years of ZIRP and QE had something to do with this too.

The financial hangover from bailing out banks starting in 2008-9 and rich folks in 2020 is gonna be a doozy.

[SnakeBoy]

I'm sorry the meatpackers are hurting you

[SnakeBoy]

1523708549159079936

[Trill Clinton]

I made a killing on a NVDA option call this morning:hungry:

[SnakeBoy]

I made a killing on a NVDA option call this morning:hungry:

Congrats

[DMC]

I'm sorry the meatpackers are hurting you

:lol

[hater]

1523708549159079936

:lmao

[Winehole23]

I'm sorry the meatpackers are hurting youpick a lane, is inflation a joke or not
?

[Ef-man]

Some industries are finding a way to cope in the current market place. I wonder how?

Shell Reports Record $9 Billion Quarterly Profit As Oil And Gas Prices Surged.

www.forbes.com/sites/siladityaray/2022/05/05/shell-reports-record-9-billion-quarterly-profit-as-oil-and-gas-prices-surged (https://www.forbes.com/sites/siladityaray/2022/05/05/shell-reports-record-9-billion-quarterly-profit-as-oil-and-gas-prices-surged/?sh=6a81acfe1f94)

[Leetonidas]

:lol this retard making a thread almost guarantees the stock market will skyrocket in the next 2 weeks and he'll abandon this thread per par

[SnakeBoy]

1524058793713315841

[Joseph Kony]

:lmao 80 year old boomer living off social security and cant wipe his own ass posting on here like he isnt living on a fixed income pretending to care about the stock market

[resistanze]

Buy the dip tbh

[HemisfairArena]

Man, this thing's sinking like the titantic,,,already getting down to 31,500 now,,,


31,623.00=-120.00(-0.38%)As of 02:59AM EDT. Market open.

[daboom1]

https://i1.wp.com/pbs.twimg.com/media/C70adT_VAAATM_x.jpg?ssl=1

yup

[HemisfairArena]

Just so everyone is clear,,,the market was over 36,000 in december so in 6 months,,,biden and democrats have managed to send the stock market down over 4,000 points,,,,:lmao

[HemisfairArena]

this is why democrats want to focus on roe vs wade,,,,,they look pathetic on everything that is going on in the country and the world,,,,

[ElNono]

Who was president in December... also, why didn't you just bump this other fail thread of yours? :lol

https://www.spurstalk.com/forums/showthread.php?t=299501

[HemisfairArena]

Who was president in December... also, why didn't you just bump this other fail thread of yours? :lol

https://www.spurstalk.com/forums/showthread.php?t=299501

Lets bump that thread,,,I look great now,,,wanna? Stock market is on a freefall and no one knows how far it will far so lets bump it, Nono,,,whatta say?

[ElNono]

Lets bump that thread,,,I look great now,,,wanna? Stock market is on a freefall and no one knows how far it will far so lets bump it, Nono,,,whatta say?

You look like the village idiot, just like when you started and then abandoned that thread lmao

[HemisfairArena]

You look like the village idiot, just like when you started and then abandoned that thread lmao

So here you are again, nono,,,when trapped and defeated,,,you hurl insults,,,,youve done this time and time again,,,,:lmao

[ElNono]

^^^ the irony of det post :lmao

:lol still trying to dodge the fact that you ran away from your own thread faster than Trump at a buffet...

[SpursforSix]

Only thing I've made money on recently is SPXU. I've cased out of anything that had much value left. Bailed on silver. I've only got some penny stocks left and the ProShares fund.

[SnakeBoy]

Only thing I've made money on recently is SPXU. I've cased out of anything that had much value left. Bailed on silver. I've only got some penny stocks left and the ProShares fund.

OXY is trading in a sweet channel.

[SpursforSix]

OXY is trading in a sweet channel.

I don't see it. I see a double top with a potential breakout to the downside. I've never been able to pull the trigger on investing into one specific major energy company.

Edit...forget that. I didn't have the screen out enough. Looks solid enough. Still see a breakdown if it breaks 55 or so

[SnakeBoy]

I don't see it. I see a double top with a potential breakout to the downside. I've never been able to pull the trigger on investing into one specific major energy company.

Edit...forget that. I didn't have the screen out enough. Looks solid enough. Still see a breakdown if it breaks 55 or so

Uncle Warren keeps buying when it gets to $55, now owns 15% at around $57 avg I think. Fundamentals matter too. It's a $100ish next year (with oil over $70) if Buffet doesn't buy the whole enchilada. Stellar earnings yesterday, they'll hit their debt target and start share buybacks this qtr. Anyhoo, I feel safe going all in/out with it and it's been good to me this year.

Aside from occasional gambling on penny stocks with a little money...I always just play one thing, usually etf's. I was playing XLE until December when OXY cleared enough debt to no longer be a bankruptcy risk.

Most people I've heard think about another 10% S&P downside before the market makes a real rally.

[SnakeBoy]

You look like the village idiot, just like when you started and then abandoned that thread lmao

I told you "you have to wait for it El" when you were trying to win that thread every time the market bounced. This still isn't "it"...keep waiting.

[SnakeBoy]

I don't see it. I see a double top with a potential breakout to the downside. I've never been able to pull the trigger on investing into one specific major energy company.

Edit...forget that. I didn't have the screen out enough. Looks solid enough. Still see a breakdown if it breaks 55 or so

Breakdown insurance

Hathaway Inc Berkshire, a major owner of Occidental Petroleum Corporation, recently acquired 901,774 shares of the company. The buys took place at prices ranging from $57.32 to $57.34 per share, on dates ranging from May 10 to May 12, 2022. Berkshire now owns 143,262,392 shares of the company.

[pgardn]

Lets bump that thread,,,I look great now,,,wanna? Stock market is on a freefall and no one knows how far it will far so lets bump it, Nono,,,whatta say?

freefall? Where have you been cobweb in head?
I know you are an old ass man that cant even remember 2007-2008 when Obama had to take extreme measures to stop a Republican failure.

[SnakeBoy]

freefall? Where have you been cobweb in head?
I know you are an old ass man that cant even remember 2007-2008 when Obama had to take extreme measures to stop a Republican failure.

Obama didn't take office until 2009

[pgardn]

Obama didn't take office until 2009

Yes. So...
Obama had to fix the crisis that started unnoticed in 2007 until 2008 when a true free fall occurred.
Yes. Obama took the drastic some would even say incorrect measures as we almost had assets and banks on the brink of freezing up.

He had to stop what the red team started.

[SnakeBoy]

Yes. So...
Obama had to fix the crisis that started unnoticed in 2007 until 2008 when a true free fall occurred.
Yes. Obama took the drastic some would even say incorrect measures as we almost had assets and banks on the brink of freezing up.

He had to stop what the red team started.

TARP was a Dubya program

[ElNono]

I told you "you have to wait for it El" when you were trying to win that thread every time the market bounced. This still isn't "it"...keep waiting.

:lol 2/10, try harder.

I asked you that question before any market bounce, and you still have no response. I'm not worried about the market, you need to talk to the OP.

[ElNono]

TARP was a Dubya program

Cash for Clunkers was a Barry program...

[HemisfairArena]

There will be a dead cat bounce but watch out after that,,,,the bottom is gonna fall out and democrats again will focus on roe vs wade,,,,,

[ElNono]

There will be a dead cat bounce but watch out after that,,,,the bottom is gonna fall out and democrats again will focus on roe vs wade,,,,,

Or, you're just going to abandon this thread like you did last time... rofl

[Leetonidas]

Both the Dow and NASDAQ have been higher since Biden has been in office than any year under Trump :lol I don't recall Hemisfail making any threads about the stock market during that time period tbh

[HemisfairArena]

Both the Dow and NASDAQ have been higher since Biden has been in office than any year under Trump :lol I don't recall Hemisfail making any threads about the stock market during that time period tbh

Trump never lost 4,000 points in 5 months like biden has,,,i dont recall you making any threads about that either,,,,

[HemisfairArena]

There will be a dead cat bounce but watch out after that,,,,the bottom is gonna fall out and democrats again will focus on roe vs wade,,,,,

It did exactly what i said it would do,,,a dead cat bounce today. Watch out next week,,,,market is on the edge of an epic collapse.

[clambake]

Under trump Dow dropped to 20,800.

[HemisfairArena]

The Dow Jones Industrial Average (https://markets.businessinsider.com/index/dow_jones?utm_medium=ingest&utm_source=markets) returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's.

During Trump's presidency, the Dow made 126 new all-time highs, which was slightly more than Obama's 123, but still lower than Clinton's 263. Both Obama and Clinton served two terms as president.

[InRareForm]

Lol thinking who is in office matters with the stock market

[clambake]

The Dow Jones Industrial Average (https://markets.businessinsider.com/index/dow_jones?utm_medium=ingest&utm_source=markets) returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's.

During Trump's presidency, the Dow made 126 new all-time highs, which was slightly more than Obama's 123, but still lower than Clinton's 263. Both Obama and Clinton served two terms as president.
Under trump the Dow dropped to 20,800 lol

[Leetonidas]

Trump never lost 4,000 points in 5 months like biden has,,,i dont recall you making any threads about that either,,,,

And still higher than any year under Trump:lmao cope harder dipshit

[Leetonidas]

The Dow Jones Industrial Average (https://markets.businessinsider.com/index/dow_jones?utm_medium=ingest&utm_source=markets) returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, which is the best performance for any Republican president since Calvin Coolidge during the roaring 1920's.

During Trump's presidency, the Dow made 126 new all-time highs, which was slightly more than Obama's 123, but still lower than Clinton's 263. Both Obama and Clinton served two terms as president.

126 new all time highs and all still lower than Biden:lmao

[HemisfairArena]

here we go,,,dead cat bounce is over and the losing will continue under our joke of a president and the democrat voters who supported him,,,maybe you and your spouse and parents can get jobs after you lose everything in the stock market under biden,,,,stock numbers tonight going into monday,,,


31,961.00...-159.00(-0.50%)As of 10:50PM EDT.

[TimDunkem]

Why does OP care about stocks? He doesn't own any.

[SnakeBoy]

I've been able to sell OXY at 64 the last two Fridays. I can only hope the market tanks again and gives me another easy swing opportunity, but Sunday night futures don't mean much tbh.

[ElNono]

Under trump Dow dropped to 20,800.

lol

[HemisfairArena]

Down over 1000 points yesterday and poised to go below 31,000 today,,,,nice job, democrats,,,:lmao


31,134.28...-355.79(-1.13%)

[Leetonidas]

Good thing you're a poor old boomer living off social security so the stock market doesnt affect you

[HemisfairArena]

elections have consequences,,,,

[Thread]

elections have consequences,,,,


And how! Biden wanted to get even for Trump making President.

[clambake]

Under trump the dow dropped to 20,800.

Bump that thread.

[Thread]

Under trump the dow dropped to 20,800.

Bump that thread.

I out lived the Red Light Camera's, clammy.

ha, ha.

[ElNono]

Under trump the dow dropped to 20,800.

Bump that thread.

[HemisfairArena]

It just keeps sinking,,,,,thanks again, democrats,,,maybe it will get into the 20's by monday,,,,

30,668.05...-585.08(-1.87%)As of 01:25PM EDT. Market open.

[Thread]

It just keeps sinking,,,,,thanks again, democrats,,,maybe it will get into the 20's by monday,,,,

30,668.05...-585.08(-1.87%)As of 01:25PM EDT. Market open.

& where is Biden? Over in South Korea fuckin' around.

[SpursforSix]

I've been able to sell OXY at 64 the last two Fridays. I can only hope the market tanks again and gives me another easy swing opportunity, but Sunday night futures don't mean much tbh.

LOL. Nigga, you just low keyed a recommendation for OXY to me. Was that for a $2 trade? GTFO.

[SnakeBoy]

LOL. Nigga, you just low keyed a recommendation for OXY to me. Was that for a $2 trade? GTFO.

I'm just waiting to buy it back. I said it is trading in a sweet channel so I'll trade the channel until support over $60 is firmly established. It's called trading.

[SpursforSix]

I'm just waiting to buy it back. I said it is trading in a sweet channel so I'll trade the channel until support over $60 is firmly established. It's called trading.

Fair enough. I assumed you were calling for a breakout to the upside. In any event, I'm watching. Thanks for the sarcasm.

[SnakeBoy]

Fair enough. I assumed you were calling for a breakout to the upside. In any event, I'm watching. Thanks for the sarcasm.

It did breakout to the upside $68 on Monday, I should've held over the weekend but I'm happy with a 10% weekly return, shit I'm happy with a 2% weekly return. Anyhoo, it should drop back to the 50ma around $58 plus there is a gap to fill right around that price. Also Uncle Warren has yet to buy a single share above the price on his convertible warrants ($59.50). If it doesn't drop back down, I'll decide a new entry price. It's a 50 to 100% gain in the next 12 months imo but it's an individual stock so anything can happen so I don't buy and hold and hope. Paper hands beats diamond hands 99.9% of the time.

I don't try to hit it big except when playing around gambling with disposable money. If your bank offered you a savings account with a 1% per week interest rate would you say that's not good enough or would you put all the money you could in it?

[SpursforSix]

It did breakout to the upside $68 on Monday, I should've held over the weekend but I'm happy with a 10% weekly return, shit I'm happy with a 2% weekly return. Anyhoo, it should drop back to the 50ma around $58 plus there is a gap to fill right around that price. Also Uncle Warren has yet to buy a single share above the price on his convertible warrants ($59.50). If it doesn't drop back down, I'll decide a new entry price. It's a 50 to 100% gain in the next 12 months imo but it's an individual stock so anything can happen so I don't buy and hold and hope. Paper hands beats diamond hands 99.9% of the time.

I don't try to hit it big except when playing around gambling with disposable money. If your bank offered you a savings account with a 1% per week interest rate would you say that's not good enough or would you put all the money you could in it?

If a bank was offering 1% per week, then the economy would be much different than it is now. We can go through all that if you need to but I'm guessing you at least have some understanding of what that would mean and why it might not make any sense at all to take that deal.

[SnakeBoy]

If a bank was offering 1% per week, then the economy would be much different than it is now. We can go through all that if you need to but I'm guessing you at least have some understanding of what that would mean and why it might not make any sense at all to take that deal.

lol I don't want to argue with you. My only point was you trying to bash me for trading in and out of OXY for nice gains seems ridiculous to me. Buy it, don't buy it, I don't care. You're the one who said you haven't been able to make any money this year. If less than a 1000000000% gain isn't worth your time that's fine by me.

[pgardn]

It did breakout to the upside $68 on Monday, I should've held over the weekend but I'm happy with a 10% weekly return, shit I'm happy with a 2% weekly return. Anyhoo, it should drop back to the 50ma around $58 plus there is a gap to fill right around that price. Also Uncle Warren has yet to buy a single share above the price on his convertible warrants ($59.50). If it doesn't drop back down, I'll decide a new entry price. It's a 50 to 100% gain in the next 12 months imo but it's an individual stock so anything can happen so I don't buy and hold and hope. Paper hands beats diamond hands 99.9% of the time.

I don't try to hit it big except when playing around gambling with disposable money. If your bank offered you a savings account with a 1% per week interest rate would you say that's not good enough or would you put all the money you could in it?

Are you happy with your lying.

Yeah I want a guy mocking the invasion of Ukraine saying it was not going to happen giving advice...
For shits sake shut up...

[HemisfairArena]

Well look at that,,,the longest weekly losing week since 2001 for the stock market,,,thanks joe and to all you democrats,,,:lmao

Stock market news live updates: Stocks end volatile session flat but log longest weekly losing streak since 2001 (yahoo.com) (https://finance.yahoo.com/news/stock-market-news-live-updates-may-20-2022-111628024.html)

[ElNono]

Under trump the dow dropped to 20,800.

Bump that thread.

[SnakeBoy]

1530167973721296896

[clambake]

Best week since November 2020

Way to go joe!

[SnakeBoy]

Fair enough. I assumed you were calling for a breakout to the upside. In any event, I'm watching. Thanks for the sarcasm.

Back in. Might drop a couple bucks more tho.

[Will Hunting]

Bought QQQ puts at market close yesterday and sold them up 150% this morning LETS GO BRANDON!!!

[SpursforSix]

Bought QQQ puts at market close yesterday and sold them up 150% this morning LETS GO BRANDON!!!

sweet.

Damn. What was the strike price and expiration date?

[Will Hunting]

sweet.

Damn. What was the strike price and expiration date?
Monday expiration, $295 strike. I'm kicking myself for not riding it out this morning, I'd be up another $12k if I held the options a few hours longer.

https://i.ibb.co/pwLkdHV/unknown.png

[SpursforSix]

Monday expiration, $295 strike. I'm kicking myself for not riding it out this morning, I'd be up another $12k if I held the options a few hours longer.

https://i.ibb.co/pwLkdHV/unknown.png

Nice. You can't kick yourself for that though. Market is so nuts that it can turn on a dime. I'm still riding out SPXU but could have sold and bought back a couple of times. I still think there's some bad shit coming.

[Will Hunting]

Nice. You can't kick yourself for that though. Market is so nuts that it can turn on a dime. I'm still riding out SPXU but could have sold and bought back a couple of times. I still think there's some bad shit coming.
Oh I agree, I don't think we're near the bottom of the market yet. The rally we saw last week was always fool's gold that would get wiped out at the first sign of bad news.

[SnakeBoy]

I still think there's some bad shit coming.

The bad shit is called the Fed :lol. You would think at some point they're gonna have to realize how far behind the curve they are and then they'll break the economy.

[SpursforSix]

The bad shit is called the Fed :lol. You would think at some point they're gonna have to realize how far behind the curve they are and then they'll break the economy.

Their hands are tied at this point. Sometimes there's no solution other than let the shit break and start over. I just don't see an easy fix.

[Will Hunting]

Their hands are tied at this point. Sometimes there's no solution other than let the shit break and start over. I just don't see an easy fix.
IMO at their next fed meeting they need to just rip the band aid off and raise rates 100 BPS. That probably sends the economy into a recession but imo that's inevitable now, it stops the bleeding with inflation.

[Will Hunting]

Millennials like me who've been waiting for another housing market crash to buy a home since we graduated from college might finally get our wish.

[SnakeBoy]

IMO at their next fed meeting they need to just rip the band aid off and raise rates 100 BPS. That probably sends the economy into a recession but imo that's inevitable now, it stops the bleeding with inflation.

Yeah a recession this year or next seems unavoidable. As far as the market, a 100 BPS raise next week might actually be welcomed. After a day or two of freaking out of course lol.

[SpursforSix]

Millennials like me who've been waiting for another housing market crash to buy a home since we graduated from college might finally get our wish.

The real rub is that from my experience, the counties never adjust property value to the downside. It's total bullshit.

[Will Hunting]

The real rub is that from my experience, the counties never adjust property value to the downside. It's total bullshit.
I think that's somewhat Texas specific because the way Texas makes up for not having any income tax is by raping you on property taxes.

[SnakeBoy]

Their hands are tied at this point. Sometimes there's no solution other than let the shit break and start over. I just don't see an easy fix.

Their hands haven't been tied. They could've and should've started raising interest rates a year ago and they can still start gettin after it. They have just favored wall street over main street for so long that they will probably end up breaking both imho.

[ElNono]

Bought QQQ puts at market close yesterday and sold them up 150% this morning LETS GO BRANDON!!!

Brandon

[DarrinS]

Long gamers rolling our eyes.

[SnakeBoy]

She inspires great confidence.

1535290036521943040

[ElNono]

Wall Street is panicking about a recession. But consumer spending and cooling inflation means it's not going to happen, a US strategist argues.

At the end of last year, almost nobody was talking about a US recession. Now, the dreaded 'R' word is on everybody's lips.

A consensus is building on Wall Street that US economic growth is soon likely to turn negative, as the Federal Reserve hikes interest rates to cool rampant inflation.

Russia's invasion of Ukraine has sent energy prices soaring, adding to inflation and making the Fed's job even harder. China's zero-COVID policy — which has shut down swathes of its economy — isn't helping.

Traditionally, a recession is defined as two quarters of decline in gross domestic product. Needless to say, it's not good for companies or their stock prices. The S&P 500 has tumbled this year, partly due to worries about growth.

But for all the doom and gloom, there are plenty who doubt the recession narrative, and say the US economy is still strong.

Michael Skordeles — a senior US macro strategist at Truist Advisory Services, part of the $66 billion bank — is one of those people.

"It's the consumer, stupid," he told Insider this week, paraphrasing James Carville's famous saying.

"We're not saying risks haven't increased," he said. "All the conditions were very favorable, and now they've gotten less favorable than that. But that doesn't mean it's a recession."

Skordeles said Americans are sitting on a lot of cash, thanks in large part to pandemic stimulus. Truist estimates consumers have built up $4.7 trillion in savings and deposits since the start of the coronavirus outbreak.

But Skordeles said $1.2 trillion of that has come since May 2021, when stimulus measures had mostly ended, largely as a resulto of a rise in wages.

Skordeles said the strong labor market — unemployment stood at 3.6% in April, near the lowest level since the 1950s — is helping people's wages and incomes grow. And although that is inflationary, it also means spending is likely to hold up.

Yet the Truist strategist said there's good news on inflation, too. A surge in spending on goods during the pandemic stressed out supply chains and contributed to soaring prices.

However, there's now evidence of a rotation back to spending on services, such as as life gradually returns to normal after the pandemic. Skordeles said that should help alleviate inflationary pressures.

Retail trade sales grew 6.7% in April compared to a year earlier, but spending on food services, such as restaurants, and drinking places shot up 19.8%.

At the heart of most economists' predictions for a recession is the Fed. In many analysts' eyes, the central bank will have to hike interest rates so high to choke off inflation that it will derail the economy.

Yet Skordeles said the recent slowdown in growth seen in the US and elsewhere — due to rising energy costs and uncertainty, among other things — could actually be a good thing for the economy overall, in the medium term. Combined with the shift to services spending, it's likely to mean the Fed hikes less hard than many expect.

"It's gonna be uneven. It's not gonna be a straight line. We expect continued volatility," Skordeles said. "But I think we get past it."

https://markets.businessinsider.com/news/stocks/us-recession-not-happening-consumer-spending-cooling-inflation-fed-truist-2022-6

[ElNono]

That's going to be a good subplot to follow. Consumer spending keeps outpacing inflation all these months, but one would think it'll slow down after the summer, so the question is whether the Fed puts the clamp down now or later on.

[DMC]

She inspires great confidence.

1535290036521943040

Hire people that think like you and you'll be stuck with yourself.

[clambake]

Hire people that think like you and you'll be stuck with yourself.

Like Donald and Ivanka.

[Thread]

Hire people that think like you and you'll be stuck with yourself.

Yep, yep.

[Will Hunting]

Yeah a recession this year or next seems unavoidable. As far as the market, a 100 BPS raise next week might actually be welcomed. After a day or two of freaking out of course lol.
I actually agree; imo the market is half reacting to rate hikes but also half reacting to the fed's incompetence and inability to assess economic conditions. A 100 BPS rate hike would shock the market but it would also show the fed is capable of taking decisive action.

It's funny that the fed is still debating over 25 BPS or 50 BPS rate hikes; at a minimum the debate should be about 50 BPS or 75 BPS rate hikes...instead the fed thinks its job is to operate as an extension of Wall Street so it's taken 75 BPS rate hikes off the table because any scenario where the fed might hurt the stock market is a non-starter.

[SnakeBoy]

I actually agree; imo the market is half reacting to rate hikes but also half reacting to the fed's incompetence and inability to assess economic conditions. A 100 BPS rate hike would shock the market but it would also show the fed is capable of taking decisive action.

It's funny that the fed is still debating over 25 BPS or 50 BPS rate hikes; at a minimum the debate should be about 50 BPS or 75 BPS rate hikes...instead the fed thinks its job is to operate as an extension of Wall Street so it's taken 75 BPS rate hikes off the table because any scenario where the fed might hurt the stock market is a non-starter.

They stopped using the word transitory but it doesn't seem like they've stopped believing it.

[Will Hunting]

:lmao BUMP

[Will Hunting]

Monday expiration, $295 strike. I'm kicking myself for not riding it out this morning, I'd be up another $12k if I held the options a few hours longer.

https://i.ibb.co/pwLkdHV/unknown.png
These options are now worth close to $100k, fuck me for being a bitch and selling early :lmao

[Trill Clinton]

Up 80% on DKNG puts:bobo

[Thread]

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

[Thread]

They stopped using the word transitory but it doesn't seem like they've stopped believing it.

Yep, they ain't gonna stipulate to being wrong. They'll bring back "transitory" no matter what. Biden is a genuine fuck.

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq

[Thread]

...& knocks Biden on his woo-woo...


€https://e3.365dm.com/22/06/768x432/skynews-biden-falls-off-bike_5808519.jpg?bypass-service-worker&20220618154156

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq


...& knocks Biden on his woo-woo...

https://e3.365dm.com/22/06/768x432/skynews-biden-falls-off-bike_5808519.jpg?bypass-service-worker&20220618154156

[Thread]

^^^^^^^^^

[HemisfairArena]

Dow Jones Industrial Average (^DJI)


29,888.78=-38.29(-0.13%)At close: June 17 06:28PM


Let us proceed,,,,,

[ElNono]

Dow Jones Industrial Average (^DJI)


29,888.78=-38.29(-0.13%)At close: June 17 06:28PM


Let us proceed,,,,,



Under trump Dow dropped to 20,800.

Looks like we have a long way to go, tbh...

[HemisfairArena]

Looks like we have a long way to go, tbh...

Plummeting because of your vote,,,and feel free to show inflation rates for both Trump and Biden also,,,,i bet you wont,,,,

[ElNono]

Plummeting because of your vote,,,and feel free to show inflation rates for both Trump and Biden also,,,,i bet you wont,,,,

It plummeted much worse because of your vote. Own it.

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq


...& knocks Biden on his woo-woo...

https://e3.365dm.com/22/06/768x432/skynews-biden-falls-off-bike_5808519.jpg?bypass-service-worker&20220618154156

[Ef-man]

Sad to see how Ole Joe broke all the MAGAtards to pieces.

Left them mentally traumatized, as if Ole Joe fucked their sainted moms in public and they were surprised when the bitch asked for more. :lmao

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq

[Thread]

^^^^^^^^^

[Ef-man]

Under trump Dow dropped to 20,800.

:lol

[Thread]

https://pbs.twimg.com/media/FMQv9-4VQAAmAYT?format=jpg&name=small

Putin delivers
BEAR MARKET...
https://qph.cf2.quoracdn.net/main-qimg-ef829a64ede9be5cb2197232a0e1f98c-lq

[spurraider21]

:lmao

[Thread]

:lmao

War is Hell, 21, peace is poor. We've learned & practiced that little tidbit of reality incessantly since 2 ended and the MIC/resident boogeyman Russia commenced.

Dover, AFB indeed. "...as they stepped down from the plane, and there to meet them was their mama's and papas..."
And a skunk with his watch.

tee, hee.

[scott]

Solid topic, tbh

[Agloco]

War is Hell, 21, peace is poor. We've learned & practiced that little tidbit of reality incessantly since 2 ended and the MIC/resident boogeyman Russia commenced.

Dover, AFB indeed. "...as they stepped down from the plane, and there to meet them was their mama's and papas..."
And a skunk with his watch.

tee, hee.

I'm mildly surprised you haven't kicked off yet. Only mildly tho.

[CosmicCowboy]

The market has been surprisingly resilient with the higher interest rates. I see no reason it can't last through the rest of the year at least. Although July and August are traditionally slumpy months for the markets (especially in election years) there may be enough tailwind with potential interest rate cuts to keep the party going. I ran the numbers on the stocks and ETFs I own this morning and with one exception (losing on Pfizer) everything else is up between 12% and 50% since the first of the year. About to dump some more money in next week. Thinking about going long on copper producers.

[Blake]

The market has been surprisingly resilient with the higher interest rates. I see no reason it can't last through the rest of the year at least. Although July and August are traditionally slumpy months for the markets (especially in election years) there may be enough tailwind with potential interest rate cuts to keep the party going. I ran the numbers on the stocks and ETFs I own this morning and with one exception (losing on Pfizer) everything else is up between 12% and 50% since the first of the year. About to dump some more money in next week. Thinking about going long on copper producers.

Funny how you always brag about how well you're doing when a Democrat is in the White House but hate them being in the White House. And you'll keep not voting for democrats for President.

[CosmicCowboy]

Funny how you always brag about how well you're doing when a Democrat is in the White House but hate them being in the White House. And you'll keep not voting for democrats for President.

We are talking about the stock market Butt Hurt Beta Blake. Sorry it makes you feel inferior.

[pgardn]

We are talking about the stock market Butt Hurt Beta Blake. Sorry it makes you feel inferior.

Simple index fund will do it. Not much thinking involved.
But one has to be able to invest.

The division of wealth in the US is a gigantic problem.
Middle class shrinks, education starts to decline, democracy becomes fragile.
Populist movements on both ends of the political spectrum gain momentum. Currently this is the conservative right that fears they are under attack from, any migrants, godless heathens, gays, intellectuals, dark colored skin, scientists…. So one can definitely see how Christian Nationalists can easily turn hypocritical concerning the leaders they choose while the true leader is a leacherous, lying, scam artist.

Scare the hell out of as many old folks as they can as well. Make sure the white folk that did not make the $ grade have someone to blame it on. Damn hard working smart foreigners!

[Thread]

Simple index fund will do it. Not much thinking involved.
But one has to be able to invest.

The division of wealth in the US is a gigantic problem.
Middle class shrinks, education starts to decline, democracy becomes fragile.
Populist movements on both ends of the political spectrum gain momentum. Currently this is the conservative right that fears they are under attack from, any migrants, godless heathens, gays, intellectuals, dark colored skin, scientists…. So one can definitely see how Christian Nationalists can easily turn hypocritical of the leaders they choose while the true leader is a leacherous, lying, scam artist.

Scare the hell out of as many old folks as they can as well. Make sure the white folk that did not make the $ grade have someone to blame it on. Damn hard working smart foreigners!

"...in the name of the greatest people who has ever trod this earth..."

[Blake]

We are talking about the stock market Butt Hurt Beta Blake. Sorry it makes you feel inferior.

No, you are talking about your stocks, CosmicPrincess. It's because you're insecure. It's weird because you seem like you shouldn't have to be. But you are.

[CosmicCowboy]

No, you are talking about your stocks, CosmicPrincess. It's because you're insecure. It's weird because you seem like you shouldn't have to be. But you are.

Butt Hurt Beta Blake, why does it bother you that we can talk about stocks? The thread is about the stock market. Are you really that insecure? Jealous? Why do you always need to petulantly respond when I post?

[Ef-man]

The state of the economy is SO BAD, that the TSA announced record breaking travel on Friday as 2.95 million people took to the skies for Memorial Day Weekend!!!

[Thread]

Butt Hurt Beta Blake, why does it bother you that we can talk about stocks? The thread is about the stock market. Are you really that insecure? Jealous? Why do you always need to petulantly respond when I post?

CC is right Blake, why do you do that, son?

[Winehole23]

CC posting repeatedly about his personal success in the "surprisingly resilient, high interest rate" Biden economy tends to obscure the narrative that regular folks are hurting.

Not a complaint, not jealous.

Don't ever change, CC!

:lol

[Thread]

CC posting repeatedly about his personal success in the "surprisingly resilient, high interest rate" Biden economy tends to obscure the narrative that regular folks are hurting.

Not a complaint, not jealous.

Don't ever change, CC!

:lol

Boiled down: $2 a gallon-Trump.
$5 a gallon-Biden.

[CosmicCowboy]

CC posting repeatedly about his personal success in the "surprisingly resilient, high interest rate" Biden economy tends to obscure the narrative that regular folks are hurting.

Not a complaint, not jealous.

Don't ever change, CC!

:lol

I dont think it's any secret that if you have savings it's a good time to be in the market. It's also not a secret that inflation and high interest rates are hurting a lot of people too. Savings and good credit aren't an accident. It requires making choices to get there. Do I have empathy for people getting killed by inflation and high credit card debt? Sure, but I also don't feel guilty about it.

[ElNono]

This thread aged like Hemisfair adult diapers...

[pgardn]

This thread aged like Hemisfair adult diapers...

peculiarly pungent

And if diapers can be stupid, his are.

[Winehole23]

I dont think it's any secret that if you have savings it's a good time to be in the market. It's also not a secret that inflation and high interest rates are hurting a lot of people too. Savings and good credit aren't an accident. It requires making choices to get there. Do I have empathy for people getting killed by inflation and high credit card debt? Sure, but I also don't feel guilty about it.Guilty?

I'm surprised you didn't sprain your wrist patting yourself on the back!

Not that you don't deserve it!

:bobo

[Winehole23]

Global margin call on the Yen carry trade?

1820316861889687938https://x.com/unusual_whales/status/1820316861889687938

[Trainwreck2100]

Global margin call on the Yen carry trade?

1820316861889687938https://x.com/unusual_whales/status/1820316861889687938

Wait the BOJ did what?


Bunch of dumb fucking morons, the shorters not the boj

[Thread]

Wait the BOJ did what?


Bunch of dumb fucking morons, the shorters not the boj

WOOT!!!

[Trainwreck2100]

WOOT!!!

you don't know what the BOJ did

[Thread]

you don't know what the BOJ did

True, but it's bad, so, that's good.

[Trainwreck2100]

True, but it's bad, so, that's good.
Unless this this gives JPOW the excuse to lower rates which is bad, for you.

[Thread]

Unless this this gives JPOW the excuse to lower rates which is bad, for you.

Then I take it back. Don't tell anyone, wrecky, they all have me on Ignore.

Savvy?

[Winehole23]

1820298107713679735

https://x.com/Geiger_Capital/status/1820298107713679735

[Thread]

1820298107713679735

https://x.com/Geiger_Capital/status/1820298107713679735

F.D.I.C.

[Ef-man]

Why do magas care about stocks? They don't own any.

fify

[DeadlyDynasty]

Crash and burn

[Thread]

Crash and burn


F.D.I.C.

[Spurminator]

DOW closed just $25 short of the all-time high today. Hope y'all bought during the MAGA Panic.

[ChumpDumper]

1827064714670559705

https://x.com/OMGno2trump/status/1827064714670559705

And you can rest assured Trump is going to try dumping his shares next month.

[Ef-man]

DOW closed just $25 short of the all-time high today. Hope y'all bought during the MAGA Panic.

https://i.etsystatic.com/32989852/r/il/e336a8/3594068092/il_fullxfull.3594068092_pk0e.jpg

[Ef-man]

1827064714670559705

https://x.com/OMGno2trump/status/1827064714670559705

And you can rest assured Trump is going to try dumping his shares next month.

https://i.imgflip.com/919def.jpg

[Blake]

1827064714670559705

https://x.com/OMGno2trump/status/1827064714670559705

And you can rest assured Trump is going to try dumping his shares next month.

Op in hiding lol

[TimDunkem]

Op in hiding lol
To his credit, he did what the rest of the cult can't and admitted the Repugs are cooked this election. Nothing to do but slither back into his hole at this point.

[Winehole23]

stock market is sad today because 250,000 new jobs were reported and unemployment fell

in the smoking, cratered out hellscape that is Joe Biden's America


Dow Jones Industrial Average Index (https://www.bing.com/ck/a?!&&p=ef8e1a7b4b7ef22378d69928ac0737193f788aa5c7708f8d b28285b4df3efe96JmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS93YX RjaGxpc3Q_dGFiPVJlbGF0ZWQmaWQ9YTZxamEyJm9jaWQ9YW5z TVNOTW9uZXkxMSZkdXJhdGlvbj0xRCZzcmM9Yl9zZWNkYW5zJn JlbGF0ZWRRdW90ZUlkPWE2cWphMiZyZWxhdGVkU291cmNlPU1s QWw&ntb=1)
Index: DJI
(https://www.bing.com/ck/a?!&&p=ef8e1a7b4b7ef22378d69928ac0737193f788aa5c7708f8d b28285b4df3efe96JmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS93YX RjaGxpc3Q_dGFiPVJlbGF0ZWQmaWQ9YTZxamEyJm9jaWQ9YW5z TVNOTW9uZXkxMSZkdXJhdGlvbj0xRCZzcmM9Yl9zZWNkYW5zJn JlbGF0ZWRRdW90ZUlkPWE2cWphMiZyZWxhdGVkU291cmNlPU1s QWw&ntb=1)
Compare
(https://www.bing.com/ck/a?!&&p=7af8621dadf383cc97160449d8b47c2558ce9ebffb1ac4ca 9ec259f9fa9032ddJmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS9jb2 1wYXJlP3NyYz1iX2NtcHFjdCZvY2lkPWFuc01TTk1vbmV5MTEm aWQ9YTZxamEy&ntb=1)


41,938.45

USD▼ -696.75 (-1.63%) today

January 10, 4:11 PM EST · Market Closed

[SnakeBoy]

stock market is sad today because 250,000 new jobs were reported and unemployment fell

in the smoking, cratered out hellscape that is Joe Biden's America


Dow Jones Industrial Average Index (https://www.bing.com/ck/a?!&&p=ef8e1a7b4b7ef22378d69928ac0737193f788aa5c7708f8d b28285b4df3efe96JmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS93YX RjaGxpc3Q_dGFiPVJlbGF0ZWQmaWQ9YTZxamEyJm9jaWQ9YW5z TVNOTW9uZXkxMSZkdXJhdGlvbj0xRCZzcmM9Yl9zZWNkYW5zJn JlbGF0ZWRRdW90ZUlkPWE2cWphMiZyZWxhdGVkU291cmNlPU1s QWw&ntb=1)
Index: DJI
(https://www.bing.com/ck/a?!&&p=ef8e1a7b4b7ef22378d69928ac0737193f788aa5c7708f8d b28285b4df3efe96JmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS93YX RjaGxpc3Q_dGFiPVJlbGF0ZWQmaWQ9YTZxamEyJm9jaWQ9YW5z TVNOTW9uZXkxMSZkdXJhdGlvbj0xRCZzcmM9Yl9zZWNkYW5zJn JlbGF0ZWRRdW90ZUlkPWE2cWphMiZyZWxhdGVkU291cmNlPU1s QWw&ntb=1)
Compare
(https://www.bing.com/ck/a?!&&p=7af8621dadf383cc97160449d8b47c2558ce9ebffb1ac4ca 9ec259f9fa9032ddJmltdHM9MTczNjQ2NzIwMA&ptn=3&ver=2&hsh=4&fclid=1640067f-da00-606c-2225-1584db08615e&psq=djia+today&u=a1aHR0cHM6Ly93d3cubXNuLmNvbS9lbi11cy9tb25leS9jb2 1wYXJlP3NyYz1iX2NtcHFjdCZvY2lkPWFuc01TTk1vbmV5MTEm aWQ9YTZxamEy&ntb=1)


41,938.45

USD▼ -696.75 (-1.63%) today

January 10, 4:11 PM EST · Market Closed




Treasury yields but go on about Joe Biden's America

[Winehole23]

Treasury yields but go on about Joe Biden's Americayeah, there's that too. it's seldom just one thing.

[Winehole23]

https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:6m7rbdgaz5vyg4bnbefi7kh6/bafkreidrmsthajmxwks4qsqw4xtejc5l756ggqys6zqfnkabu 6nqd3zxc4@jpeg

[SnakeBoy]

yeah, there's that too. it's seldom just one thing.

Today is literally that one thing

Hopefully we get more volatility as the market realizes inflation ain't going away