The Official Stock Market Thread

[finfangfan]

Originally Posted by KhalDrogo

A lot of these companies are finally learning that they can’t rely on China. I absolutely believe China instituted these lockdowns as an attack on the West. Choke out supply while all that free money from the last two years is still out there. Drive inflation even higher. Crush the stock market.

Charles Payne was on tv earlier and he was mentioning that the term “supply chain issues” basically means “China issues.” It looks like we are going to be experiencing the 70’s for awhile now.

[KhalDrogo]

Originally Posted by oldgoldy97

When everyone’s cryin, it’s time to start buyin.

Is anyone crying yet?

[finfangfan]

I’m actually green early this morning. Probably won’t last.

[rcmb3220]

Originally Posted by finfangfan

Charles Payne was on tv earlier and he was mentioning that the term “supply chain issues” basically means “China issues.” It looks like we are going to be experiencing the 70’s for awhile now.

The new trend is companies shifting away from China for sourcing. At least for anything that isn’t junk. That will take a while and we’ll see how long that trend lasts.

[JMarchand1981]

Originally Posted by KhalDrogo

Is anyone crying yet?

Maybe not here but a lot of the people in my social solar system have only been paying attention to equities the past 8-10 years and have no historical rear view mirror. Many of them are shedding both money and tears.

This market is gross. I keep tossing out numbers of where I will buy particular stocks. At least once a week we have been hitting those numbers over the past few months. When the pros are breaking even the amateurs are getting mutilated. When the pros are losing the amateurs are either hoping or selling low. They don’t know any better.

We have had a few redemptions recently even though we are crushing the benchmark (we are still slightly in the green on the year). I know those people that redeemed are getting crushed.

[Cheken]

Yesterday was brutal - started day trading a little with SQQQ since i have been holding most of my stuff long term so helps a little lol

[stanmarsh]

My sister's boyfriend lost 3.5 million in the past 3 weeks. He believes it won't get better til after summer.

[NeedChapmans]

Originally Posted by JMarchand1981

Maybe not here but a lot of the people in my social solar system have only been paying attention to equities the past 8-10 years and have no historical rear view mirror. Many of them are shedding both money and tears.

This market is gross. I keep tossing out numbers of where I will buy particular stocks. At least once a week we have been hitting those numbers over the past few months. When the pros are breaking even the amateurs are getting mutilated. When the pros are losing the amateurs are either hoping or selling low. They don’t know any better.

We have had a few redemptions recently even though we are crushing the benchmark (we are still slightly in the green on the year). I know those people that redeemed are getting crushed.

Those with disposable income will come out very nicely a few years from now.

However, those without that income will be forced to sell into the horror, making them poorer and forcing tough choices. Deliquencies on credit are waaaaay up this month; carried over CC debt is up too ... the cratering of demand is in it's early stages but here we go.

[pcptrade]

Originally Posted by pcptrade

Upstart: From a high of $400 in October to $34 in premarket. Ouch! That is almost a 90% haircut from the highs. The IPO price was 20, so I would not be surprised if it drops to low 20's. I added a few shares here (speculative play)

Sold most at 50 for a nice gain.

[GeechQuest]

Originally Posted by NeedChapmans

Those with disposable income will come out very nicely a few years from now.

However, those without that income will be forced to sell into the horror, making them poorer and forcing tough choices. Deliquencies on credit are waaaaay up this month; carried over CC debt is up too ... the cratering of demand is in it's early stages but here we go.

This is exactly why I always wonder why so many want markets to go down and cheer it on. They’re more than likely going to be unable to capitalize and only strengthen the wealth gap.

[Pacmeyer]

Originally Posted by GeechQuest

This is exactly why I always wonder why so many want markets to go down and cheer it on. They’re more than likely going to be unable to capitalize and only strengthen the wealth gap.

Not cheering but at least snickering, if you know anyone who ignored warning signs and would rather hold like stocks only ever go up.

[carlo16]

Originally Posted by Pacmeyer

Not cheering but at least snickering, if you know anyone who ignored warning signs and would rather hold like stocks only ever go up.

That’s funny considering the buy and hold types usually consist of people saving for their kids education and/or a long term retirement nest egg. These people you’re snickering at are the exact opposite of the greedy you’re looking for.

[jcardstore]

Originally Posted by carlo16

That’s funny considering the buy and hold types usually consist of people saving for their kids education and/or a long term retirement nest egg. These people you’re snickering at are the exact opposite of the greedy you’re looking for.

The people who cheer for the market to go down are:

1) upset they missed the run up in the last decade

2) lost all of their money in the last year by gambling it away

3) depressing people who take out their own personal struggles out on everyone else.

I find it hilarious the amount of people who went from “stonks go up forever” to now saying “there’s no end in sight we’re going to 0”. So emotional.

The bottom line is that stocks DO go up if you buy quality and are able to think past the next week. If your response to SPY being down 20% is “I’m going to 100% cash) you’ll almost certainly lose out in the end.

My portfolio is down like 30% this year already but I have strong conviction on every stock own and I will continue to buy them down because staying invested is going to beat cash over the long run every time

[finfangfan]

Yeah… I don’t really get the taking joy in people losing money mentality as it’s the most vulnerable (eg retirees) that suffer the most from the most recent downturn.

If you are still working and contributing to your 401k your dollar cost average benefits from getting more bang for you biweekly buck. However, there is a huge difference between acknowledging the comparative discount in todays market from a year ago and taking joy in old people losing their life savings when they are at their most vulnerable.

[NYBBFAN]

I am excited for the market to go down, as it means a return to more sane valuations. Many tech stocks are already there (see Cloudflare and Zoom). I’m not cheering for the average Joe to lose money in their retirement accounts. A market with healthy valuations becomes easier to invest in, and is more stable in the long run (until the next boom cycle anyway).

[NeedChapmans]

Originally Posted by GeechQuest

This is exactly why I always wonder why so many want markets to go down and cheer it on. They’re more than likely going to be unable to capitalize and only strengthen the wealth gap.

The same reason people vote against their interests or root against specific players / teams they couldn't care less about.

It's a fix.

[nman84]

SP 3800 approaching…

[k13]

Originally Posted by GeechQuest

This is exactly why I always wonder why so many want markets to go down and cheer it on. They’re more than likely going to be unable to capitalize and only strengthen the wealth gap.

Most people are not in the market or not with anything significant so seeing the blowhards who thinking everything only goes up losing money is probably the best thing in life.

[ksemmel]

Originally Posted by k13

Most people are not in the market or not with anything significant so seeing the blowhards who thinking everything only goes up losing money is probably the best thing in life.

It is literally impossible for you to post a positive comment isn't it?

[k13]

Originally Posted by jcardstore

The people who cheer for the market to go down are:

1) upset they missed the run up in the last decade

2) lost all of their money in the last year by gambling it away

3) depressing people who take out their own personal struggles out on everyone else.

I find it hilarious the amount of people who went from “stonks go up forever” to now saying “there’s no end in sight we’re going to 0”. So emotional.

The bottom line is that stocks DO go up if you buy quality and are able to think past the next week. If your response to SPY being down 20% is “I’m going to 100% cash) you’ll almost certainly lose out in the end.

My portfolio is down like 30% this year already but I have strong conviction on every stock own and I will continue to buy them down because staying invested is going to beat cash over the long run every time

Ughh... you forgot about shorts who make money when the market goes down.

[k13]

I told you guys to short tech months ago because they are going to get slaughtered.
This was not some secret.

This is the same as psa 10 base cards.

[BOOMER7]

Originally Posted by k13

I told you guys to short tech months ago because they are going to get slaughtered.
This was not some secret.

This is the same as psa 10 base cards.

The problem is 95% of the things you post/say are incorrect

[GeechQuest]

Originally Posted by k13

Most people are not in the market or not with anything significant so seeing the blowhards who thinking everything only goes up losing money is probably the best thing in life.

Most people are employed by companies that are in the markets.

When markets go down in aggregate, layoffs tend to follow. That’s just one example of 1000.

People may not directly be involved in the markets, but the totality of their day to day existence is certainly tied in.

I don’t personally care if markets go up, down, or sideways. My investment strategies just change with what we’re given. It’s just that when they go down, the people who think it will be their time to buy and get ahead actually don’t end up buying and getting ahead. The older I get, the funnier it becomes.

[imbluestreak23]

For the average joe (me) maxing out their 401K, isn't this great news?

I get it if you're age 60-65, downturns suck. Or if you buy external to an employer retirement account in any age demographic. But passively contributing to a retirement account, I'm kinda cheering being able to contribute and buy at a discount. She always bounces back, but you don't always get to buy cheap.

[NeedChapmans]

Originally Posted by imbluestreak23

For the average joe (me) maxing out their 401K, isn't this great news?

I get it if you're age 60-65, downturns suck. Or if you buy external to an employer retirement account in any age demographic. But passively contributing to a retirement account, I'm kinda cheering being able to contribute and buy at a discount. She always bounces back, but you don't always get to buy cheap.

To the point, you may very well be in a great position come retirement. But ...

*What if you have to draw from your 401k because the continued economic downturn and/or personal downturn requires those funds?
*What if you lose your job as a result of this continues downturn and are no longer to take advantage of your company match?

There are dozens of other questions to ask as well, but there's a whole lotta people who think they're insulated, who aren't. I would consider myself someone who believes they'll be just fine no matter what, but it would be crazy for me to want destruction in the chance I could make more money.

It could very well destruct me too.