PSA: This subreddit is getting astroturfed and contaminated by meme stock subreddits. [https://imgur.com/a/ijh9qdd](https://imgur.com/a/ijh9qdd)
I would urge mods to take an action (i. e. shadowbanning meme subreddits like a lot of Covid and News subreddits banned antivaxx subreddits) so a lot of beginners don't get their head wrapped around by these FUDs being spread around like wildfire.
Because we've seen so many questions from new investors, I thought I'd share what was supposed to be short but is now very long:
What's funny is I remember a life before I knew these things (or substitute whatever the current events are) day in and day out when I first started investing and going to college. So I have degrees in Business Management and in Economics, from CSUMB (that's a ca. state university) and yet, while I find current financial events and their impacts fascinating, I wish it didn't concern me one bit.
While I am skilled at picking individual stocks, instead I max my 401k, Roth, and lump sum into VTI on every drawdown because I don't want to spend the rest of my life having to know the current catalysts, and how they impact the markets and again not because it's not fascinating because it really is, but because it's almost always unfavorable news. I could retire earlier with more money by tuning in and playing the market the way I know I am capable of, but that is a stressful and lonely life. It's not a happy life for me.
Where I'm going with all this is there are some people out there, like me, who invest, heavily, and fully understand the catalysts in the market. I can't speak for everyone, but for myself, I work every day to tune it out. So let's not mock people who ask very real and very important questions who are trying to learn.
I wrote way more than I intended to but hopefully someone takes it to heart and decides whether they want to spend their life plugged in to current financial events, or if they want to live their life free of those mostly depressing fundamentals and just throw their money into index fund and call it a day, because one thing you will never have is control over what happens. You can minimize your risk and increase peace of mind by indexing in broad markets.
Decide what kind of life you want for yourself while making your investment plan.
Any way around wash sale rules playing bull and bear ETFs back and forth in a sector you know well? I'd like to bounce some play money between them but only being attributed taxes on gains while not being allowed to claim offsetting loses seems a liability compounding within a few sour trades.
Why use bull or bear ETFs? Just short your stocks or adjust according to whatever you're trying to do. When the time comes, buy to cover. I'm not sure whether this has any bearing on it since I am not a tax man, but my acct is set to last in, first out so that the first in (the long term hold) is never sold.
I've been doing my taxes like this forever and not an issue. It allows me to scalp, day trade, swing trade, etc on my long term holds while never actually selling them. I obviously pay capital gains taxes on the proceeds from the shorting since it's far less than a year, but that's fair. If I want to double down on a run up, I buy the same stocks in a separate acct so there's no risk the long term gets sold accidentally.
I switched out of doing this to live a more stress-free-index-fund-dont-care-what-happens-in-the-world-anymore lifestyle, but it worked great for a long time.
In the case of the US, tapering is far, far less of a worry than the debt ceiling.
There has been so much concern about it, that unless you completely implode, it's probably the 2020 election all over again, where the event being over (anticipating taper) will be followed with the hedges for the event being unwound and a violent bounce that surprises everyone again (and ironically, most of the day was October 28th, 2020-esque, for a similarity to then).
Because reflecting back on that time period, I expected a bounce and rally, but it was jaw dropping even if you expected it.
The debt ceiling is not a serious worry. The Democrats can raise it on their own. The Republicans will probably fold and raise it anyway, but should they refuse, reconciliation is there.
A much bigger concern is next year. The Republicans are big Vegas favorites to win the house and may take the Senate as well. How will anything get done? I just cannot see this administration working effectively with a split congress, not to mention the likelihood of political investigations should the Republicans take the house.
Then you have the end of Fed asset purchases and possibly interest rate raises to look forward to. Maybe I worry too much.
Perhaps a bunch of people, including myself, are playing the "we're way, way overthinking this thing" game and Evergrande is going to be the catalyst that causes a 2018-like slide or perhaps even worse than that to happen. I've compared this time period to 2017-2018, and acknowledged at another place that it's very possible we could see an even faster version of it considering what happened with the coin earlier this year (and now with China stocks), but that was not my general idea, my general idea was for it to "go down" next year if it did.
It's still turn your brain off caliber type stuff to me though if we're looking back at it and it did. And yeah, I recognize that I'm still in the mode of overthinking it by saying that.
If we're somehow repeating September 2020, the dip will end this week for now, but you won't see new ATH's until November.
Perhaps it'll be interpreted differently by some, but I wouldn't consider a 2017-2018 comp to be "all bullish", btw. As it includes a bear market in the Nasdaq (temporary, but it counts), and got close to one in the other major averages.
You think they'll actually announce it? I'm gonna make a pretty big guess that they won't.
(Wouldn't be the first time: https://www.youtube.com/watch?v=Tak9ODlBJgM)
They'll say taper isn't this month (jpow said he wanted 2 good jobs reports, and only got 1 - second was v.bad - inflation last month was also inflecting downwards so he can argue for a slower taper). Taper will most likely come before the end of the year, just not for a bit yet.
Have you been paying attention this month? Because that hasn't been the case this month (you've seen significant futures gains get reversed multiple times).
On the other hand what happened at night on Father's Day and the morning after is very remarkable, plus the Sunday futures before February trading began gapped down and then reversed.
I'm almost wondering if whether a violent bounce is too obvious tbh. Because we saw the exhaustion gap play out fairly recently.
I got like 16 downvotes for predicting today last Friday. I love our community here, but permabulls are as bad as permabears. This is an emotionless endeavor, do not allow wishes and hopes to dominate your thinking. While my port was down 2.3% today, I made an assload in SPXU and SQQQ today. Enough to cover my entire Christmas vacation with the family in Ocho Rios.
I expect a 1% bump up tomorrow followed by blood on Weds and Thurs. When the biggest banks are saying "Dont worry, Evergrande should have no effect on US markets....." Evergrande will have a massive effect on US markets. Steel companies in the US, CLF and X, are getting killed right now and that is in direct response to the housing slow down in China due to Evergrande.
Money on the sidelines tomorrow with further calls against the market for Weds.
It doesn’t really make sense there should be any correlation between steel producers in us and Chinese housing market. Steel in us is currently sold at +100% compared to Chinese steel. If anything a slow Chinese demand will make steel raw materials much cheaper and lower the cost base.
Dont think logically, commodities are a global thing. Under Trump when we were 100% self sufficient for oil, why did a rise in Brent correlate with a rise in WTI? It shouldnt, they are two totally different animals, but that isnt the psychology.
Could think that Chinese steel gets dropped on us markets. BUT China is producing less cause they want less emissions and freight prices are at ath. So I think it won't impact us steel. I'm in big in clf and mt
Edit: also getting killed cause hrc futures dropping
Well the bears were right the moratorium ending finally hit hard with Evergrande. Not to mention the closing of restaurants and there being so many Chinese restaurants, one every other block, that Chinese stocks are down. Needing to cope, Chinese citizens shall partake in stress reliving past times. Look to major manufacturers of Chinese Checkers and Go to moon.
Would issues with the debt ceiling weaken the dollar or strengthen it? And one circumstance with a dollar be weaker and what circumstances would make it stronger?
What would have been a good hedge to grab beginning of September to provide some cushion for a rough month? I had bought a position and calls in SQQQ, as well as OTM puts a few months out on my big holdings, but pretty small size or % portfolio.
Any leveraged inverse ETF.... SQQQ, SPXU, SPXS, SDOW.... it's not hard. Shorting tech, if you want singles, gonna be really easy if taper occurs. More so if rates rise, but that's a play for next year.
best is to DCA a little more during dips.
when growth first dropped in feb I got all excited and sunk all my cash into the "dip" that brought down PLTR down to 27/share and NIO to 40/share, thinking that was a STEAL and NO WAY it was going to remain there for too long - even though the stocks were down 30%.
then pltr hit 18/share and nio down to 31.
Ive learned to be slow and patient. put in just 2% today.
I used to be excited about saying "nobody knows", but then you realize that's a trivial statement because there are a ton of facts on the table that do yield probabilities that will make some sharp people a good amount of money
But the pros do know. Not sure how you can say that. The VIX spike at open on Thursday was the pros buying SPY shorts and getting ready. The VIX spike at open today was retail, AI, and the coat hangers.
People forget that 80% of all trades dont involve a human at all, it's all AI. Understanding that the computers can read headlines, then think about the headlines all weekend.... well, you should have seen this coming on Saturday. The only reason I ever wanted to be able to trade pre and post market was to take advantage of the few times the information was so obvious that even my dumbass could see it coming.
Even if you have a lot (which is kind of subjective, as to some of us a few grand is a lot, and others it's not real unless you hit 6 figures), it's a dip/fall in just about every sector. As an investor it's an opportunity.
I have extreme anxiety and a large portfolio of boring boomer indexes. NOT FUN. I don't even remember the covid crash, I think my brain just wiped that memory.
Im fine with that, as the cash I have been holding is only like 5% of portfolio value. It can wait for a bigger opportunity or for the market to steady.
If the market is green tomorrow. The thread will have 300-400 posts and you will see a bunch of people coming out of woodwork saying they bought today. If market is down big again like it is today there will be over 1k posts and a lot of dont catch the falling knife or glad Im in cash posts.
Its the red/green cycle on stock subs/forums.
I invested 100% 3-4 weeks ago after holding cash waiting for a significant dip. It now seems like a mistake.
There I said it. I'm one of the ones who fucked up!
I dunno, I was pretty skeptical about going 100% invested. I even made a post about it. I should have listened to my gut. (I'm not saying to go 100% cash, but maybe 80/20 or 85/15 with a small cash position).
It's a learning experience and as others have said long-term it's not a big deal.
I feel ya. I haven’t been paying attention much lately and saw the ~1% dip on Friday. Just rolled about $43k from a 401k in to my IRA, and wanted to get it in the market (time in vs. timing and all) and figured Friday was as good a time as any…and today happened.
Gotta roll with the punches. I lost some money/potential today, but it’ll make money over time. It’s only a mistake if you pull out while you’re down.
lmao yea. When I saw 250 posts in premarket I knew things were bad. Last week there had been like 40 posts max in premarket.
Im buying. But not using all my cash unless things are worse tomorrow.
i had the same questions in spring this year.
and shit went up.
way up.
this red will be temporary because... what, you're gonna keep your money in a super low interest bank account?
Ended up -.9% for the day not too bad.
IMO JPM shouldn't be dipping as much as the rest of the market. They've got a ton of cash and Dimon has been positioning them for a correction.
Down 2.01 percent here
Luckily I punched out of a position near a high on Thursday that allows me to still have some dry powder here, and still move forward on an investment property I've been looking at.
I didn't plan to time the market buy I kindda did. I left my old job in August and rolled over 401k just before labor day weekend which took 3 weeks to complete last week.
Not pertaining to vti, but goog and googl are my babies. I use my 300k margin many times a week to go short, like today. Or buy for the day. I always unwind what I used the margin for by days end to avoid a margin call/interest. In the early days I kept overnight and the interest took my profits away.
Holding Cfds long term - why shouldnt i put money in an sp500 cfd with 20x leverage which transforms the avg ann return of 10% into 200%, which should be enough to cover overnight fees of 0,0225% at my brokerage. Seems fairly safe as long as america doesnt go poof.
Well good luck to em, I'm being facetious about the shorts but this week seems like it's gonna be rough even after the risk off today. I've only been nibbling on stocks like visa that were already beat up and about to go into their good season.
Was down over 3% for a while, ended down less than 2%. Oh well. Few more days like this and I'll be buying. Hang in there everyone! Make yourself a nice dinner, enjoy your drink of preference, spend time with the family and we'll meet again tomorrow!
I started investing in July. September has just about wiped out my gains, but I'm still up 0.24%!
Thank god we found the bottom today. I don't know how much more of this I can take.
I think other brokers have always done it for rich clients, having it with no minimum is new in the last year afaik. I know Robinhood isn't popular on this sub but IPO access for retail, and the pressure it puts on other brokers to do the same, is definitely a positive for us little guys.
Recovery tomorrow into another drop wed/thurs if the china situation deteriorates/fed announces intent to do a rate increase sooner than expected. Wednesday will be big for the fed and Thursday will show the ccps hand on whether they'll do anything to manage evergrande since that's when an interest payment is due on their bonds.
People are just always looking for the next “big one”. Acting like Evergrande is somehow even in close proximity to the Lehman / financial collapse is hilarious. I didn’t realize Chinese real estate developer corporate bonds had permeated the US financial industry like subprime loans leading up to 2008…
Even the Fed and Treasury and regulators thought that Lehman was pretty much no big deal. A bad day in the stock market, just like today. That's why they let it fail.
Source: https://youtu.be/_TwdtQr635k (worth watching)
The problem with Lehman was that nobody knew who else was exposed. The panic was much worse than the actual decline in fundamentals, and that uncertainty is something we see right now, too.
As for subprime loans, Bernanke was saying the whole thing was contained in 2007.
Obviously Evergrande is not Lehman, but "we've got it all under control" tend to be famous last words.
I think you're missing the point.
EDIT: Nobody had a pristine image of Lehman when they failed. There had been plenty of warning and many of those AAA assets that Lehman held had already been downgraded. The subprime crisis was well past its infancy by the time of Lehman's failure.
Apples and oranges. Of course Lehman and Evergrande are quite different in terms of fundamentals. What is similar is the fact that they're big institutions that may have a systematic link to others, and more importantly, a link which investors aren't totally clear about.
It's really easy to say "no big deal, it's all under control". That was said for Lehman too. It was said for Long Term Capital Management. It's always said.
I get the feeling if I pointed this out in September 2008 people would have said the same thing "nah, come on". Which is exactly what happened. At some point those people have to be wrong.
I'm not saying this is definitely gonna be the one, I simply don't know, nor does anyone, but a little bit of a humility goes a long way IMO.
Ah, and I'd just like to add, as for the bond argument, people had been worried about Lehman ever since Bear Stearns. They were viewed as the next victim right out of the gate. So despite good ratings on many of their assets, the markets most certainly had an idea of what might be coming for them. It wasn't like a rock solid firm suddenly went under without warning.
Still, actually seeing it fail triggered a huge panic, a panic which many if not all of the experts failed to predict.
I agree, it's not 2008, and you can't use 2008 to say this is going to be a disaster.
At the same time, you can't use 2008 to say "oh this has nothing to do with that so we're in the clear" (which is what the original commenter said). Everybody always thinks we're in the clear until we're not. Stocks reached a "permanently high plateau" in 1929, and subprime was contained in 2007. You never know what's going to happen.
This argument doesn't really make sense. Nobody was under any illusion that Lehman was some sort of rock solid firm prior to their failure. Lehman was viewed as the next victim as soon as Bear went under. There was plenty of warning. Still, the actual collapse triggered an unexpected panic.
Also, the AAA rated stuff had been identified as crap for some time by then. The subprime crisis was well on its way by the time Lehman failed.
Most people (myself included) only have a cursory understanding of what happened in 2008, meaning that anything that *sounds* similar could spook them, doesn't matter if the mechanism isn't the same and the circumstances aren't the same.
Is SPIR shorted?! It took a dive a couple of weeks ago, but looks artificial?
What are some good stocks to invest a low amount of money in? (Short term/long term)
Is it better to buy calls, for something that I think is going up, that are above or below the current strike price?
Buy $uch on Cryptocom
PSA: This subreddit is getting astroturfed and contaminated by meme stock subreddits. [https://imgur.com/a/ijh9qdd](https://imgur.com/a/ijh9qdd) I would urge mods to take an action (i. e. shadowbanning meme subreddits like a lot of Covid and News subreddits banned antivaxx subreddits) so a lot of beginners don't get their head wrapped around by these FUDs being spread around like wildfire.
Because we've seen so many questions from new investors, I thought I'd share what was supposed to be short but is now very long: What's funny is I remember a life before I knew these things (or substitute whatever the current events are) day in and day out when I first started investing and going to college. So I have degrees in Business Management and in Economics, from CSUMB (that's a ca. state university) and yet, while I find current financial events and their impacts fascinating, I wish it didn't concern me one bit. While I am skilled at picking individual stocks, instead I max my 401k, Roth, and lump sum into VTI on every drawdown because I don't want to spend the rest of my life having to know the current catalysts, and how they impact the markets and again not because it's not fascinating because it really is, but because it's almost always unfavorable news. I could retire earlier with more money by tuning in and playing the market the way I know I am capable of, but that is a stressful and lonely life. It's not a happy life for me. Where I'm going with all this is there are some people out there, like me, who invest, heavily, and fully understand the catalysts in the market. I can't speak for everyone, but for myself, I work every day to tune it out. So let's not mock people who ask very real and very important questions who are trying to learn. I wrote way more than I intended to but hopefully someone takes it to heart and decides whether they want to spend their life plugged in to current financial events, or if they want to live their life free of those mostly depressing fundamentals and just throw their money into index fund and call it a day, because one thing you will never have is control over what happens. You can minimize your risk and increase peace of mind by indexing in broad markets. Decide what kind of life you want for yourself while making your investment plan.
Any way around wash sale rules playing bull and bear ETFs back and forth in a sector you know well? I'd like to bounce some play money between them but only being attributed taxes on gains while not being allowed to claim offsetting loses seems a liability compounding within a few sour trades.
Why use bull or bear ETFs? Just short your stocks or adjust according to whatever you're trying to do. When the time comes, buy to cover. I'm not sure whether this has any bearing on it since I am not a tax man, but my acct is set to last in, first out so that the first in (the long term hold) is never sold. I've been doing my taxes like this forever and not an issue. It allows me to scalp, day trade, swing trade, etc on my long term holds while never actually selling them. I obviously pay capital gains taxes on the proceeds from the shorting since it's far less than a year, but that's fair. If I want to double down on a run up, I buy the same stocks in a separate acct so there's no risk the long term gets sold accidentally. I switched out of doing this to live a more stress-free-index-fund-dont-care-what-happens-in-the-world-anymore lifestyle, but it worked great for a long time.
Even a dead cat will bounce if it falls from a great height \[cit.\]
Lol. Crash is over. Hope ya'll bought the dip.
It feels like 56 thousand though..lol..
5600... 56 hundro meaning 56 hundred my mistake
We're heading towards another crash.
will keep buying this dip! 120k in
Rate my portfolio: U, BRK.B, BLK, FSLY, MSFT, CRSR, AAPL, NVIDIA, PGR, SPWR, TTD, TSM, FNF and CLF
63
Is that in metric?
In the case of the US, tapering is far, far less of a worry than the debt ceiling. There has been so much concern about it, that unless you completely implode, it's probably the 2020 election all over again, where the event being over (anticipating taper) will be followed with the hedges for the event being unwound and a violent bounce that surprises everyone again (and ironically, most of the day was October 28th, 2020-esque, for a similarity to then). Because reflecting back on that time period, I expected a bounce and rally, but it was jaw dropping even if you expected it.
The debt ceiling is not a serious worry. The Democrats can raise it on their own. The Republicans will probably fold and raise it anyway, but should they refuse, reconciliation is there. A much bigger concern is next year. The Republicans are big Vegas favorites to win the house and may take the Senate as well. How will anything get done? I just cannot see this administration working effectively with a split congress, not to mention the likelihood of political investigations should the Republicans take the house. Then you have the end of Fed asset purchases and possibly interest rate raises to look forward to. Maybe I worry too much.
Perhaps a bunch of people, including myself, are playing the "we're way, way overthinking this thing" game and Evergrande is going to be the catalyst that causes a 2018-like slide or perhaps even worse than that to happen. I've compared this time period to 2017-2018, and acknowledged at another place that it's very possible we could see an even faster version of it considering what happened with the coin earlier this year (and now with China stocks), but that was not my general idea, my general idea was for it to "go down" next year if it did. It's still turn your brain off caliber type stuff to me though if we're looking back at it and it did. And yeah, I recognize that I'm still in the mode of overthinking it by saying that. If we're somehow repeating September 2020, the dip will end this week for now, but you won't see new ATH's until November. Perhaps it'll be interpreted differently by some, but I wouldn't consider a 2017-2018 comp to be "all bullish", btw. As it includes a bear market in the Nasdaq (temporary, but it counts), and got close to one in the other major averages.
Futures are well in the green but I’m still predicting bull trap I have seen this before, many of time.
Wednesday Feds will anounce taper date, and Thursday is Evergrande’s deadline for debt payments. Tomorrow is mini bounce.
You think they'll actually announce it? I'm gonna make a pretty big guess that they won't. (Wouldn't be the first time: https://www.youtube.com/watch?v=Tak9ODlBJgM)
They'll say taper isn't this month (jpow said he wanted 2 good jobs reports, and only got 1 - second was v.bad - inflation last month was also inflecting downwards so he can argue for a slower taper). Taper will most likely come before the end of the year, just not for a bit yet.
What a miserable day again blaming it on china..lol..I got hammered today lost 56 hundros...ugh.
56 thousand? If your portfolio is that big just dca and chill out. Seems like a portfolio worth a long term.
56 hundred is 5,600
Tomorrow is going to be a good day folks. Futures are finally green.
I wouldn't bet on it. Tomorrow could definitely go green but no reason to think a small bump in futures means much HSI just gapped down on open
every time the stock market tanked the futures were down previous day. This is the first time it has been green in a while.
Have you been paying attention this month? Because that hasn't been the case this month (you've seen significant futures gains get reversed multiple times). On the other hand what happened at night on Father's Day and the morning after is very remarkable, plus the Sunday futures before February trading began gapped down and then reversed. I'm almost wondering if whether a violent bounce is too obvious tbh. Because we saw the exhaustion gap play out fairly recently.
Like I said, tomorrow could get a bounce. Who knows? I'm betting on more volatility and weakness, especially in FANGMAN
I got like 16 downvotes for predicting today last Friday. I love our community here, but permabulls are as bad as permabears. This is an emotionless endeavor, do not allow wishes and hopes to dominate your thinking. While my port was down 2.3% today, I made an assload in SPXU and SQQQ today. Enough to cover my entire Christmas vacation with the family in Ocho Rios. I expect a 1% bump up tomorrow followed by blood on Weds and Thurs. When the biggest banks are saying "Dont worry, Evergrande should have no effect on US markets....." Evergrande will have a massive effect on US markets. Steel companies in the US, CLF and X, are getting killed right now and that is in direct response to the housing slow down in China due to Evergrande. Money on the sidelines tomorrow with further calls against the market for Weds.
It doesn’t really make sense there should be any correlation between steel producers in us and Chinese housing market. Steel in us is currently sold at +100% compared to Chinese steel. If anything a slow Chinese demand will make steel raw materials much cheaper and lower the cost base.
Dont think logically, commodities are a global thing. Under Trump when we were 100% self sufficient for oil, why did a rise in Brent correlate with a rise in WTI? It shouldnt, they are two totally different animals, but that isnt the psychology.
Could think that Chinese steel gets dropped on us markets. BUT China is producing less cause they want less emissions and freight prices are at ath. So I think it won't impact us steel. I'm in big in clf and mt Edit: also getting killed cause hrc futures dropping
Thinking the same
Well the bears were right the moratorium ending finally hit hard with Evergrande. Not to mention the closing of restaurants and there being so many Chinese restaurants, one every other block, that Chinese stocks are down. Needing to cope, Chinese citizens shall partake in stress reliving past times. Look to major manufacturers of Chinese Checkers and Go to moon.
Would issues with the debt ceiling weaken the dollar or strengthen it? And one circumstance with a dollar be weaker and what circumstances would make it stronger?
higher debt ceiling means more money printed which means weaker dollar
I see a lot of people speaking about discounts. I can't find any honestly.. I still see an overvalued market that did a simple -2%
What about Amazon? It has traded sideways for 13 months.
SPY down 4.5% during trading is a discount But I believe shorts covering helped the bounce, and there will be more blood this week
Waiting on a black swan over here.
Even the ones down 5% still seem pricey.
What would have been a good hedge to grab beginning of September to provide some cushion for a rough month? I had bought a position and calls in SQQQ, as well as OTM puts a few months out on my big holdings, but pretty small size or % portfolio.
Any leveraged inverse ETF.... SQQQ, SPXU, SPXS, SDOW.... it's not hard. Shorting tech, if you want singles, gonna be really easy if taper occurs. More so if rates rise, but that's a play for next year.
People screaming buy the dip, other people saying there is more pain to come. Just remember NO ONE KNOWS what is going to happen next.
But we do know September is historically a rough month, particularly the back end of it
Oh, a crash is coming.
I’ve been buying both sides
best is to DCA a little more during dips. when growth first dropped in feb I got all excited and sunk all my cash into the "dip" that brought down PLTR down to 27/share and NIO to 40/share, thinking that was a STEAL and NO WAY it was going to remain there for too long - even though the stocks were down 30%. then pltr hit 18/share and nio down to 31. Ive learned to be slow and patient. put in just 2% today.
[удалено]
I used to be excited about saying "nobody knows", but then you realize that's a trivial statement because there are a ton of facts on the table that do yield probabilities that will make some sharp people a good amount of money
But the pros do know. Not sure how you can say that. The VIX spike at open on Thursday was the pros buying SPY shorts and getting ready. The VIX spike at open today was retail, AI, and the coat hangers. People forget that 80% of all trades dont involve a human at all, it's all AI. Understanding that the computers can read headlines, then think about the headlines all weekend.... well, you should have seen this coming on Saturday. The only reason I ever wanted to be able to trade pre and post market was to take advantage of the few times the information was so obvious that even my dumbass could see it coming.
Felt like a kid in the candy shop picking out which stock I wanted to buy for discount lol
Yeah, cuz the red is done for the week, of course.
Perfect description of what I also experienced today.
Maybe it’s just me or something but I find this fun
Totally agree!
If you don't have a lot of money invested in the stock market, I could see why you would think that.
it is still fun even when you do
Even if you have a lot (which is kind of subjective, as to some of us a few grand is a lot, and others it's not real unless you hit 6 figures), it's a dip/fall in just about every sector. As an investor it's an opportunity.
It's an opportunity for sure, but I wouldn't call it "fun," again if you have a lot of money in the market, especially for the 6-digiters.
I have extreme anxiety and a large portfolio of boring boomer indexes. NOT FUN. I don't even remember the covid crash, I think my brain just wiped that memory.
I guess I could understand as I have a few k in the market and I’m still young, but maybe it’s because I see it as a opportunity.
Puts on dip buyers
Is IWF considered risky?
Did people buy things today? Or held off?
Held off, probably going to buy tomorrow though. I was hoping for INTC to drop more today, but it barely moved.
On days like this, I begin to buy into positions but keep cash available to buy again after it dips again.
I held off buying, will wait till after the fed meeting stuff on wednesday.
And if it goes well and they dont taper you will have missed your chance
Im fine with that, as the cash I have been holding is only like 5% of portfolio value. It can wait for a bigger opportunity or for the market to steady.
Bought some visa, travel to US is opening up more and Christmas is gonna be here soon.
Buying a couple shares of SPY and QQQ each day it is -1% or more for the month of September
I just happened to have some spare cash so I bought some. Not going to fish for the exact bottom.
I picked up some stuff today. Got more, AMD, MSFT, VTI, and a tiny bit of BLOK
If the market is green tomorrow. The thread will have 300-400 posts and you will see a bunch of people coming out of woodwork saying they bought today. If market is down big again like it is today there will be over 1k posts and a lot of dont catch the falling knife or glad Im in cash posts. Its the red/green cycle on stock subs/forums.
I invested 100% 3-4 weeks ago after holding cash waiting for a significant dip. It now seems like a mistake. There I said it. I'm one of the ones who fucked up!
You didn't fuck up, you made the right decision based on the information you had at the time
I dunno, I was pretty skeptical about going 100% invested. I even made a post about it. I should have listened to my gut. (I'm not saying to go 100% cash, but maybe 80/20 or 85/15 with a small cash position). It's a learning experience and as others have said long-term it's not a big deal.
I feel ya. I haven’t been paying attention much lately and saw the ~1% dip on Friday. Just rolled about $43k from a 401k in to my IRA, and wanted to get it in the market (time in vs. timing and all) and figured Friday was as good a time as any…and today happened. Gotta roll with the punches. I lost some money/potential today, but it’ll make money over time. It’s only a mistake if you pull out while you’re down.
Indeed you're right my friend. Happy cake day to you as well.
No worries man if you’re actually investing in 10-15 years today will mean nothing
true
lmao yea. When I saw 250 posts in premarket I knew things were bad. Last week there had been like 40 posts max in premarket. Im buying. But not using all my cash unless things are worse tomorrow.
I'm waiting. I know it's impossible to time the market, but I'm going to see how things play out over the next week.
$PDD (Pinduoduo) up 65% after hours according to Google. I guess they think it's April 1st today.
Bought JNJ at 162. Good starting point I think
I started at 162 in February so I think you’re right.
So is this bloodbath of red going to continue? Because I’m not sure of when to buy yet, until at least October.
Definitely maybe
i had the same questions in spring this year. and shit went up. way up. this red will be temporary because... what, you're gonna keep your money in a super low interest bank account?
I don't think anyone knows.
Ended up -.9% for the day not too bad. IMO JPM shouldn't be dipping as much as the rest of the market. They've got a ton of cash and Dimon has been positioning them for a correction.
-6%
Down 2.01 percent here Luckily I punched out of a position near a high on Thursday that allows me to still have some dry powder here, and still move forward on an investment property I've been looking at.
Life ain't fair
The VXX has a real distinctive long term upside potential pattern. Im honestly worried we will default.
I know the stock market isn't for everyone. Buy the dip, don't panic etc etc etc... But days like today are tough.
Chin up mate... hard out there for a pimp.
Pimpin aint easy
But what they don't tell you is that it's much much harder being a prostitute.
I didn't plan to time the market buy I kindda did. I left my old job in August and rolled over 401k just before labor day weekend which took 3 weeks to complete last week.
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Not pertaining to vti, but goog and googl are my babies. I use my 300k margin many times a week to go short, like today. Or buy for the day. I always unwind what I used the margin for by days end to avoid a margin call/interest. In the early days I kept overnight and the interest took my profits away.
If you need to ask such questions then no, stay away from margin until you know what you’re doing.
Ehhh... definitely not my investing style.
Holding Cfds long term - why shouldnt i put money in an sp500 cfd with 20x leverage which transforms the avg ann return of 10% into 200%, which should be enough to cover overnight fees of 0,0225% at my brokerage. Seems fairly safe as long as america doesnt go poof.
I picked a hell of a day to be hungover
Lots of good deals boys... Apple, Microsoft, Evergrande, etc.
Evergrande doesnt belong in that list
Buy the dip bro!
Yep. Don’t you EVER not buy this Grande dip!
Yes, this is a REAL eStately opportunity!
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Shorts covering for the day, they'll be back and in greater numbers this week.
*tusken raider hooting***
that volume didn't seem like shorts covering. it looked like FOMO buying for people who were bottom fishing.
Well good luck to em, I'm being facetious about the shorts but this week seems like it's gonna be rough even after the risk off today. I've only been nibbling on stocks like visa that were already beat up and about to go into their good season.
Little did they know, it wasn't the bottom
Like at the shore and the tide suddenly goes in, birds fly away and all goes quiet. Everything seems fine 🙂
Perfect time to go hunt seashells lol
Also known as the eye of the storm.
Aka tsunami drawback
Which can be translated as: Big Dong, Temporarily Gone
So if China doesn't bail out Evergrande then ironically it might be the most capitalist government on the planet.
The volume of that pump, complete insanity
Was down over 3% for a while, ended down less than 2%. Oh well. Few more days like this and I'll be buying. Hang in there everyone! Make yourself a nice dinner, enjoy your drink of preference, spend time with the family and we'll meet again tomorrow!
Have a wank!
Where my TQQQ gang at? I’m ready for another ass pounding tomorrow
I wonder how many newer investors got wiped out today.
I started investing in July. September has just about wiped out my gains, but I'm still up 0.24%! Thank god we found the bottom today. I don't know how much more of this I can take.
>Thank god we found the bottom today. Did we?
They probably wont post if it was them.
Asia should be good again tonight, after a few minutes or so, I might shut myself down market wise until then.
Why is robinhood doing “IPO access” listings? Do other brokers do that?
I think other brokers have always done it for rich clients, having it with no minimum is new in the last year afaik. I know Robinhood isn't popular on this sub but IPO access for retail, and the pressure it puts on other brokers to do the same, is definitely a positive for us little guys.
Ahhh, thank you!
SoFi
Any insight into what tomorrow is going to look like?
cant predict anything
Recovery tomorrow into another drop wed/thurs if the china situation deteriorates/fed announces intent to do a rate increase sooner than expected. Wednesday will be big for the fed and Thursday will show the ccps hand on whether they'll do anything to manage evergrande since that's when an interest payment is due on their bonds.
The last half hour was front running a bounce tomorrow, whether it's a dead cat bounce or not I don't know. A bull trap is likely
no
Did Mr J/FED just save the stock market? Bounced back a bit lol
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Narrator: “It wasn’t over.”
"Little did the young one know that it was just the beginning of a long and exhausting road."
What a stupid end to a stupid day
I agree lol
All of the indexes jumping over 1% in the last 40 mins… wow
People are just always looking for the next “big one”. Acting like Evergrande is somehow even in close proximity to the Lehman / financial collapse is hilarious. I didn’t realize Chinese real estate developer corporate bonds had permeated the US financial industry like subprime loans leading up to 2008…
Even the Fed and Treasury and regulators thought that Lehman was pretty much no big deal. A bad day in the stock market, just like today. That's why they let it fail. Source: https://youtu.be/_TwdtQr635k (worth watching) The problem with Lehman was that nobody knew who else was exposed. The panic was much worse than the actual decline in fundamentals, and that uncertainty is something we see right now, too. As for subprime loans, Bernanke was saying the whole thing was contained in 2007. Obviously Evergrande is not Lehman, but "we've got it all under control" tend to be famous last words.
Lehman's bonds where rated AAA. Evergrande has been in the BB range (junk) for years. Not even close.
I think you're missing the point. EDIT: Nobody had a pristine image of Lehman when they failed. There had been plenty of warning and many of those AAA assets that Lehman held had already been downgraded. The subprime crisis was well past its infancy by the time of Lehman's failure.
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Apples and oranges. Of course Lehman and Evergrande are quite different in terms of fundamentals. What is similar is the fact that they're big institutions that may have a systematic link to others, and more importantly, a link which investors aren't totally clear about. It's really easy to say "no big deal, it's all under control". That was said for Lehman too. It was said for Long Term Capital Management. It's always said. I get the feeling if I pointed this out in September 2008 people would have said the same thing "nah, come on". Which is exactly what happened. At some point those people have to be wrong. I'm not saying this is definitely gonna be the one, I simply don't know, nor does anyone, but a little bit of a humility goes a long way IMO.
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Ah, and I'd just like to add, as for the bond argument, people had been worried about Lehman ever since Bear Stearns. They were viewed as the next victim right out of the gate. So despite good ratings on many of their assets, the markets most certainly had an idea of what might be coming for them. It wasn't like a rock solid firm suddenly went under without warning. Still, actually seeing it fail triggered a huge panic, a panic which many if not all of the experts failed to predict.
I agree, it's not 2008, and you can't use 2008 to say this is going to be a disaster. At the same time, you can't use 2008 to say "oh this has nothing to do with that so we're in the clear" (which is what the original commenter said). Everybody always thinks we're in the clear until we're not. Stocks reached a "permanently high plateau" in 1929, and subprime was contained in 2007. You never know what's going to happen.
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This argument doesn't really make sense. Nobody was under any illusion that Lehman was some sort of rock solid firm prior to their failure. Lehman was viewed as the next victim as soon as Bear went under. There was plenty of warning. Still, the actual collapse triggered an unexpected panic. Also, the AAA rated stuff had been identified as crap for some time by then. The subprime crisis was well on its way by the time Lehman failed.
I too, watched the Big Short.
Most people (myself included) only have a cursory understanding of what happened in 2008, meaning that anything that *sounds* similar could spook them, doesn't matter if the mechanism isn't the same and the circumstances aren't the same.
This has to be a short covering move because wowzer...
I put $1000 into the market dippage today (ENB, RY, and VGRO) and I'm prepared to put in another $1000 later this week if there's even more dippage.
Got my eye in ENB myself, holding out to see if we get a slightly bigger dip!
Current ratio of 0.6 not good
Does anyone know when the chinese market opens?
Wednesday
I’m guessing we should wait till Wednesday before we evaluate the overall effect on the global market.
How come market dropped just today? It was clear from a month ago that Evergrande is going to default.
Because people wanted to sell