The Official Stock Market Thread

[KhalDrogo]

Originally Posted by eastbayak

TSLA briefly went lower than the "bottom" weeks ago (barely hovering above it right now).

We'll see what happens from this point forward.

I'm sure there's some people, particularly wealthy, who are loving the volatility and making a killing in the short-term.

I bought equal positions at 230 and 260. Sold 75% at 282. Bought 40% back at 226. So my cost basis on these shares is under $190.

Timing the bottom is impossible and unwise, whether you’re trading or investing.

[KhalDrogo]

Originally Posted by rms13

A bunch of jokes in my neighborhood have sold recently. All for all time high prices and all less then a month on the market.

Must be nice to have an unfrozen market.

[rms13]

Originally Posted by KhalDrogo

Must be nice to have an unfrozen market.

I live in popular market with lots of cash sales for investment properties so interest rates don't matter as much.

[KhalDrogo]

Originally Posted by rms13

I live in popular market with lots of cash sales for investment properties so interest rates don't matter as much.

So what you posted is irrelevant to what I posted?

Anything can happen in any market, especially at the extremes. What matters is what’s happening for your average American.

[Siberian13]

Originally Posted by TheHeel

Unfortunately, it might get worse.


XXXXX tariffs raise odds of U.S. recession, Wall Street economists say

I’m sure it could. I just thought when I saw how bad the Nikkei and futures were I’d see a 6% drop or something by close.

[rms13]

Originally Posted by KhalDrogo

So what you posted is irrelevant to what I posted?

Anything can happen in any market, especially at the extremes. What matters is what’s happening for your average American.

I think most average Americans are going about their lives as they normally do

[duwal]

Originally Posted by rms13

I think most average Americans are going about their lives as they normally do

yes, so many (I believe an article in 2023 said it was 44% of Americans) don't have a 401k set up for future and retirement. So yeah I guess they can't lose what they never had

[rms13]

Originally Posted by duwal

yes, so many (I believe an article in 2023 said it was 44% of Americans) don't have a 401k set up for future and retirement. So yeah I guess they can't lose what they never had

Exactly. From everything I hear from the media the average American has no savings, no retirement accounts, has no money in the stock market, doesn't own a home and never will be able to. These current problems mostly effect the elite and ultimately they'll all end up richer in the end.

[Stifle]

Originally Posted by KhalDrogo

It’s hilarious to watch all these money managers melt down. This will end careers, and rightfully so. Too much complaining and not enough listening. 10Y is the barometer. Not the S&P. Trump isn’t reversing course. Have to get the 10Y down to help refinance the $9T due this year. Have to get the 10Y down to help every day Americans.

We could find out where the 2 Trillion of missing funds went just before 9 1 1. Forgot, the trade center where the FBI was searching for the missing 2 trillion was hit by a plane. We could check the Pentagon where the FBI had their headquarters for this investigation but that area of the Pentagon was struck as well. I guess 2 trillion in missing funds vs having the middle class paying for the elites misuse of tax money puts us at a even tougher standard of living.

[Siberian13]

Originally Posted by Stifle

We could find out where the 2 Trillion of missing funds went just before 9 1 1. Forgot, the trade center where the FBI was searching for the missing 2 trillion was hit by a plane. We could check the Pentagon where the FBI had their headquarters for this investigation but that area of the Pentagon was struck as well. I guess 2 trillion in missing funds vs having the middle class paying for the elites misuse of tax money puts us at a even tougher standard of living.

Do you have any proof of this? Sounds interesting.

[carlo16]

Originally Posted by duwal

yes, so many (I believe an article in 2023 said it was 44% of Americans) don't have a 401k set up for future and retirement. So yeah I guess they can't lose what they never had

And the other 180 million elites?

[Boo]

Originally Posted by rms13

Exactly. From everything I hear from the media the average American has no savings, no retirement accounts, has no money in the stock market, doesn't own a home and never will be able to. These current problems mostly effect the elite and ultimately they'll all end up richer in the end.

Originally Posted by Siberian13

Do you have any proof of this? Sounds interesting.

We are Stifle’s elites!

[rms13]

Originally Posted by Siberian13

Do you have any proof of this? Sounds interesting.

https://www.reuters.com/fact-check/r...11-2023-09-14/

We could have used doge back then

[duwal]

Originally Posted by carlo16

And the other 180 million elites?

oh we be losing money right now for sure!

[TheHeel]

Up 700 points.

[KhalDrogo]

Originally Posted by duwal

yes, so many (I believe an article in 2023 said it was 44% of Americans) don't have a 401k set up for future and retirement. So yeah I guess they can't lose what they never had

55-60% of US adults have some form of a retirement account. Sadly, financial literacy in this country is so bad that if your employer isn’t doing it for you, you’re likely not to do it at all. Even worse is the minuscule number of people who max out their contributions. For 2024, Vanguard put that number at just 14% of 401k participants, which translates to ~5% of all US adults. Max contribution this year is $23.5k. A number that few can part with.

[babyfaceposey]

Originally Posted by KhalDrogo

55-60% of US adults have some form of a retirement account. Sadly, financial literacy in this country is so bad that if your employer isn’t doing it for you, you’re likely not to do it at all. Even worse is the minuscule number of people who max out their contributions. For 2024, Vanguard put that number at just 14% of 401k participants, which translates to ~5% of all US adults. Max contribution this year is $23.5k. A number that few can part with.

55-60% is the disturbing number. I can understand only 14% max out 401k. 65k is the average salary in the USA. Maxing it out leaves you $41,500 then you have taxes on top of that. It is hard to live on $30-35k a year.

My wife and I are blessed. We are able to max out both 401k's and our roths. I think alot of people are out of touch with the average American. I will say alot of people live well beyond their means, so their financial success is their bad habits. My wife and I just look at cars on the road and shake our head as how do people afford these cars.

[NYBBFAN]

Originally Posted by babyfaceposey

55-60% is the disturbing number. I can understand only 14% max out 401k. 65k is the average salary in the USA. Maxing it out leaves you $41,500 then you have taxes on top of that. It is hard to live on $30-35k a year.

My wife and I are blessed. We are able to max out both 401k's and our roths. I think alot of people are out of touch with the average American. I will say alot of people live well beyond their means, so their financial success is their bad habits. My wife and I just look at cars on the road and shake our head as how do people afford these cars.

The car thing is no joke. That is a massive money sink for most people. My wife was visiting her sister, who combined with her husband, make less than my wife alone does. They have 2 nice, new cars that cost them probably $85k. I drive a clean and reliable 2009 Honda Accord with a V6. One day when I feel that I have enough money invested, I’ll plunk down $65k for a nice 1st gen Camaro.

So many people are cursed with short-term thinking. They think they deserve some sort of nice lifestyle, even though they’re nowhere near earning it.

[hermanotarjeta]

Originally Posted by TheHeel

Up 700 points.

Dead cat bounce.

Get out while you can.

[KhalDrogo]

Gave thought to pairing back this morning. Regret not doing so. Good to test the lows though.

[KhalDrogo]

For the S&P RSI…

Daily is the lowest since the Dotcom crash.

Weekly is the lowest since Covid crash.

[imbluestreak23]

$5K more into FSKAX and FXAIX

May throw a bit more Thursday

[KhalDrogo]

Opened a SPY position with the China news. Thanks China for waiting until Fidelity pre-market trading opened.

[TheHeel]

No bueno

JPMorgan CEO Dimon expects recession and defaults, urges quick trade talks in Fox Business interview

https://www.reuters.com/markets/jpmo...ks-2025-04-09/

[cnewby]

Chicken little says the sky is falling.

I checked, it is not.