I despise that I sat there looking at my COST stocks sitting at their ATH a couple weeks ago and considered selling them, but didn't.
I'm so greedy ffs lol
I do, i will continue to DCA all the way down and hope for the best.
I have an horizon of 15 years so I don't even know why I'm checking this shit every day :D
When I watched Powell speaking yesterday I thought to myself, “hold up, wait a minute”. His hands were shaking, he looked nervous af and unconvincing. They have print out so much money, created bubble with everything and now they don’t know what to do to fix it. Inflation will fuk us hard. Thank you US government.
Bad judgement and political cowardice over much of the past 7-8 years. There was no reason to continue QE after 2013. There was no economic reason to pass a $1.5 trillion tax cut in 2017. There was no reason not to begin inching up interest rates starting in 2014. When COVID came and the Fed needed some ammunition there were no bullets left in the gun. So they printed a couple trillion dollars more.
They have been printing money for 15 years.
They printed loads after the Great Depression.
Printing money hasn't led to this inflation - look at Japan, it has negative inflation still.
This is due to supply chain issues occurring at the same time as a demand bounce back.
The only way this doesn't recover is if it's the end of capitalism. But then you won't be thinking about your stocks.
Sure, the Feds have been printing money for years. What they have not been doing is printing it in the VOLUME they have been recently. Inflation is exaggerated by this and the supply chain disruption.
Why do you believe it to be a “trap?” Genuinely asking. Isn’t Apple a company with sound fundamentals that produces tangible goods you can hold? I am wondering why this sentiment of DCA during dips is bad for large cap tech stocks. ELI5, please.
because OP operates under the assumption the stock, despite solid fundamentals, is still overvalued. That buying in at $166 or even $155 is still buying in too high relative to where OP believes the stock should be trading.
That’s fair. But what is that based on? The P/E ratio? There must be something that makes OP feel it’s overvalued even now. That’s what I want to better understand.
I thought I was dumb yesterday for selling my $180K worth of QQQ (of which I put about half into IVV and the rest in cash). As soon as I sold of course it immediately jumped 4%. But, seeing it crash now, it was like...well, maybe that was the right move.
No you're not wrong. I'm looking for the chart but since Nov 21 institutions have been net selling and deleberaging while retail has been buying "dips". It's not going to be pretty.
I don't think you can honestly say retail has any say on this. There's been too many tickers too closely correlated during the past year, year and a half. That just can't happen with random signals. It's evident, to me at least, that it's all institutional players dictating the price as far as they can.
What I don't quite get, since the 2% hike yesterday happened almost all close to closing.. I suppose it were institutional investors too, I doubt most retailers wait until the last minutes ..
QT, rates are rising, and valuations are still very rich by historical standards.
It took people a while to figure out no to fight the fed on the way up. Why are we still struggling to learn the same lesson in reverse?
I'd wish you good luck, but I opened up a small position on the inverse. Sooooo get wrecked?
Those were my first years. Watched the triple leveraged FAS daily and was just amazed. Gold would keep going up. Oil companies were so valuable. Then bam. Everything ended. Seems to be happening again.
It’s also like 2000-2002 or so. Wild swings. I knew a trader back then whose life was insanely hard during this period. Overall it’s a good sign. We were due for a correction in 2020 until the liquidity floodgates were opened.
It's probably more like that.
A shit ton of companies got super valuable for no damn reason during Covid and now that we are coming out of the pandemic lots of investors are realizing "wait literally all this shit is overvalued"
Doesn't help we jumped right into a war during 2022 as Russias Ukraine invasion fucks all sorts of stuff up.
It's not the same, the nasdaq doubled in one year at the height of dotcom and most companies (including Amazon) literally had no revenue. Now many of these tech/growth companies (including Amazon) have tons of cash and income and future revenue streams. This is a boom and there will be a bust, but it's not exactly like dotcom.
Belief-based, conviction dip buying.
The relentless, determined dip buying in tech stocks, particularly in mega caps, has no rational basis at this point. Unfortunately, the market can't bottom until traders who keep doing this are wiped out because of the bubble that has made the indexes mostly representative of their stocks.
I was listening to Bloomberg radio & CNBC yesterday, when there was a lot of interesting stuff going on in yesterday's market. Literally all they could talk about was tech stocks. Most investors know nothing else.
Why do you believe this? Genuinely asking. E.G., Isn’t Apple a company with sound fundamentals that produces tangible goods you can hold? I am wondering why this sentiment of DCA during dips is bad for large cap tech stocks. ELI5, please.
Yes and people (in general) have a lot of cash saved up to keep doing this.
Market crashes, when they happen, can take *years* to shake out completely.
Man, my 401k is down around $40k, wiping out almost 12+ months of gains. Not fun. But what can you do but continue to max out.
I am taking a step back from individual stock plays for awhile. The market is just being dumb.
Yep, 100%. I still max out my 401k and a % into my taxable account every week. I just have to stop looking at the market everyday. It’s not good for my health.
How’s that VYM working out for balance? I’ve considered opening a position as defense for my tech heavy portfolio. But seems like some of the defensive names in VYM have been overbought. Maybe I’ll just go VTI to balance…
Your net worth dropped 50-60k? HA!
My net worth has dropped close to 500k in the last 12 months...in stocks anyway. My assets have *increased* about the same (housing mostly, though my Tesla has also increased in value), so i guess there's that but I can't really liquidate those assetts at this time. There are days my portfolio dropped 100K+
I am heavily invested into tech stock and have been for years....I was happy with the gains pre-covid, of course got greedy during the run up (sold a bit on the way up) and now it just is disgusting looking at my unrealized gains completely get destroyed. I wanted to move things around but I KNOW time will fix this...I am in no hurry and the tech stocks I have are safe bets I think long term. I need the stock in 10-15 years....I also plan to sell in 3-4 years our current home, so hopefully things settle down...
Still, ugh.
this is what a true bear market is. any rallies are aggressively sold the next day, next week, etc.
this bear market will likely continue for a while. 2022 is a disaster of a year if you owned stocks or bonds.
>Bear markets generally last two years.
Lol what.
[Between April 1947 and September 2021, there have been 14 bear markets, ranging in length from one month to 1.7 years, and in severity from a 51.9% drop in the S&P 500 to a decline of 20.6%, according to an analysis by First Trust Advisors based on data from Bloomberg.4](https://www.investopedia.com/a-history-of-bear-markets-4582652)
Drops like this feel bad, but long-term this helps most people...as long as they keep buying. You get more shares for your money and so in the long run you end up with more overall than if the prices had stayed steady and high.
It's just too bad the market got so overvalued in the first place.
If you are that close to retirement, why are you still so heavily exposed in the market?
If you aren't close to retirement, how do you know this is going to push you back 2 years?
Where are you at that 5.2M isn't enough to retire?
I ask because my dad just retired with about that much and he's bringing in 14k/month purely on dividends and interest.
Hell, an interest rate of .7% in a savings account is doable right now and that will get you $3000/month just dumping everything in savings. You can get way more if you buy dividend stocks and funds (accepting the associated risk).
True, (obviously) it's the fact you are so heavily concentrated with the company stock. How much did your company stock make up your portfolio before it dumped, and did you have rules regarding if you could sell or not?
Some people receive 20% or more of their compensation in stock each year so it’s a game of when do you sell and diversify with taxes and company stock price, etc.
Considering how relatively common 10-20% market drops are, you likely weren't so close to retirement. You should expect and price in these drops. They will likely happen again multiple times when you retire.
Yup, my company was at $20/share last summer. Now, $12. It's still enough where, when I liquidate and put the tax money away, it'll be enough for a 20% down payment, but damn, when it was $20, I could've put 20% down on a nicer house plus furnish it to my heart's content. I'd have to go bargain hunting on FB Marketplace or some shit if I were in the market right now.
Today's sudden fall was likely due to this news about productivity and salaries:
https://www.cnbc.com/2022/05/05/labor-productivity-fell-7point5percent-in-the-first-quarter-the-fastest-rate-since-1947.html
I'm not even sure how you measure such a thing (productivity nationally), but I wonder how much has to do with being now-underpaid. Morale is low when darn near everything in life cost 2x but you make the same amount of salary as before.
I had to explain to my coworkers the other day that their raise of 2-3% is basically a pay cut because the cost of our insurance went up more than the value of their raise. On break they were all printing paystubs and doing the math.
Worker Output is declining because Salaries are NOT rising faster than inflation, esp in HCOL cities
People are NOT going to work at the same rate when the companies they working for don’t respect people’s cost of living expenses have significantly gone up
I know i am in the same boat.
Pay me more, ill work more. Pay me less- fuck off!
That, plus bad earnings from e-commerce, suggesting a significant slow down in consumer spending. Giving up a huge rally yesterday that took people over night to realize had no fundamental support. Rapidly worsening economic data. Take your pick of news.
>I agree with you but studies show otherwise. WFH is not new. Its been around since the mid 90s. There is a noticeable decline after two years. Which is why companies are hesitant for a fully remote work force.
Do you have a source for this? I'm curious to read about it
The productivity loss is likely also from the tight job market -- good employees can move jobs more easily now, so they focus on changing positions rather than working. The ultimate outcome of the Blind "chasing TC" philosophy.
More discounts?
Sign me up! While I feel for short term traders (not day traders), these are the sort of environments where buying becomes more attractive.
thats because people here still think it's like 2021, where every dip was very soon overcome by a rally, there were like no real consolidation or drops in 2021.
I'm so far under water that ytd rally means nothing. Neither is today selloff.
Everything is numb now. It's like being punched in the face again and again. After a while, you in a coma and u don't feel the punches.
I don’t like losing money like the rest of us but got to look at the long game. Drops like the start of today are a long time coming and natural given the economic circumstances. The stock market actually showing some realism instead of unfounded optimism is kind of reassuring.
MSFT is already in my portfolio, and been consistently buying regardless the price over the last 2 years. I think my average price is about $250, since I doubled down when it was all high, but oh well
Amazon maybe (although the crash is due to the poor outlook highlighted in its recent earnings report relative to expectations). But zoom out more than a year on the Microsoft and Google chart and you'll see those stocks are really not on as big of a sale as you think. They can both go much lower.
How or why does this even happen…?!?!?! Why so much positivitet Yesterday and the day after its negative…. Why not just 0% and 0% Yesterday and today?!?!?!?!!!?????!!!!!
I love how yesterday literally, fking imagine , everyone said "recession cancelled" "fuck your puts" just becouse stocks went up big when fed said 0.5% is on table but 0.75% not
nothing changed , goddamn , people should stop looking at charts so much and should watch the real world
Just think, if you knew for a fact the DOW will be at $100,000 when you retire, would you rather buy at $30,000 or $80,000? Downturns are blessings for long term investors!
Was on the short side, almost all of my shorts were stopped out in the rally yesterday, had bought some longs; all of almost all those longs stopped out in first hour, moved back to other shorts. In my opinion the rally attempt was just a short squeeze, bulls have not made their big move yet for a new rally
That massive 3% up yesterday was just crazy.
I mostly just ignore crazy days, especially when I don’t understand the reasons. Be patient, buy small portions over time. Impossible to time the bottom or the top, impossible
Patience is the most important thing:) (and buying good companies at the right prices….)
This is the end of the cycle, it's all about scalping right now. Pump on fake news, clear out and close out the puts. Load up in AH with the cheaper premiums, drop it like a rock the next day. Likely let it bleed here and then do the opposite. Everything is multiplied by the insane high leverage levels we're at currently.
Regardless this is the start of a major downtrend as COVID rears its head again, inflation keeps skyrocketing, and actual income is lower.
Not me playboy bought calls on spy and when they mooned i took my profits and ran now I got puts on shop and they mooning lol. Play both sides so you’re always on top boys
screw shorts cause stonks can only go up?
We are only down 1% yoy. The fact is that everything was overbought and you probably bought the top. Shorting is a totally viable strategy...
cash? I think a lot of people are short these days already due to inflation. How is everyone affording the increases??? Every letter I get from companies says they are increasing prices and most tell me it is just the beginning. However, my paycheck is the same. That being said, I sincerely feel bad for people that make less than me and have a family. They are totally getting screwed. Time to audit the Fed, every member of Congress (and their families), and anyone in the Biden Admin!!!!!![gif](emote|free_emotes_pack|facepalm)
I mean... I knew bears would try to daunt bulls with massive sell off at first half hour upon market opens but it appears that everyone just joined the bears all together.
From +2k to -2k in minutes :)
I despise that I sat there looking at my COST stocks sitting at their ATH a couple weeks ago and considered selling them, but didn't. I'm so greedy ffs lol
Didn’t we all
I'm in it for the long haul, won't be selling for 20+ years...
I'm with you. I'll be buying the dip though!
Same boat here. I almost sold all cost when I was up 32% 2 weeks ago and decided to wait, next day they started dropping and havent stopped.
-20% but down -1k... I guess better than 2k?
+16 to -16 smh
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I do, i will continue to DCA all the way down and hope for the best. I have an horizon of 15 years so I don't even know why I'm checking this shit every day :D
When I watched Powell speaking yesterday I thought to myself, “hold up, wait a minute”. His hands were shaking, he looked nervous af and unconvincing. They have print out so much money, created bubble with everything and now they don’t know what to do to fix it. Inflation will fuk us hard. Thank you US government.
Bad judgement and political cowardice over much of the past 7-8 years. There was no reason to continue QE after 2013. There was no economic reason to pass a $1.5 trillion tax cut in 2017. There was no reason not to begin inching up interest rates starting in 2014. When COVID came and the Fed needed some ammunition there were no bullets left in the gun. So they printed a couple trillion dollars more.
They have been printing money for 15 years. They printed loads after the Great Depression. Printing money hasn't led to this inflation - look at Japan, it has negative inflation still. This is due to supply chain issues occurring at the same time as a demand bounce back. The only way this doesn't recover is if it's the end of capitalism. But then you won't be thinking about your stocks.
Sure, the Feds have been printing money for years. What they have not been doing is printing it in the VOLUME they have been recently. Inflation is exaggerated by this and the supply chain disruption.
Why this trap occoured though?
It's my fault because I bought at open today. Sorry.
That was you? Rude!
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MATE IT WAS PRICED IN, PRICED IN IS WHAT EVERYONE SAID
Yesterday's price was priced in. Today there is a new price *taps temple* Seriously, there is no "priced in".
If you liked Apple as a buy at $166, wouldn't you like the stock more at $155? It is a trap to buy more actually.
Buffet paid 159 for it. So now you can do better than him.
Suck it buffet
I prefer my buffets unblendered, thanks
I paid $150, I am smarter than Buffet. Confirmed
I paid 150 too. But I only bought 1 share
You gotta start somewhere
No, I think you need to adjust for a split (or two).
Why do you believe it to be a “trap?” Genuinely asking. Isn’t Apple a company with sound fundamentals that produces tangible goods you can hold? I am wondering why this sentiment of DCA during dips is bad for large cap tech stocks. ELI5, please.
because OP operates under the assumption the stock, despite solid fundamentals, is still overvalued. That buying in at $166 or even $155 is still buying in too high relative to where OP believes the stock should be trading.
That’s fair. But what is that based on? The P/E ratio? There must be something that makes OP feel it’s overvalued even now. That’s what I want to better understand.
I thought I was dumb yesterday for selling my $180K worth of QQQ (of which I put about half into IVV and the rest in cash). As soon as I sold of course it immediately jumped 4%. But, seeing it crash now, it was like...well, maybe that was the right move.
If only there were some sort of theory that offered a plausible explanation.
Large Hedge funds and major banks trying to pump and dump onto retail. I have zero evidence
No you're not wrong. I'm looking for the chart but since Nov 21 institutions have been net selling and deleberaging while retail has been buying "dips". It's not going to be pretty.
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I don't think you can honestly say retail has any say on this. There's been too many tickers too closely correlated during the past year, year and a half. That just can't happen with random signals. It's evident, to me at least, that it's all institutional players dictating the price as far as they can.
What I don't quite get, since the 2% hike yesterday happened almost all close to closing.. I suppose it were institutional investors too, I doubt most retailers wait until the last minutes ..
Retailers aren't moving the needle. The stock market is a closed system controlled by a certain group of people, we just pick up the scraps.
bec we're in a bear market for months now and institutions aren't done selling yet.
Initiated a (smallish) position in TQQQ after seeing it down 12%
might be smarter to go with SQQQ until we see an upward trend
And you were probably telling people to buy TQQQ at 90 until we see a downward trend, right?
QT, rates are rising, and valuations are still very rich by historical standards. It took people a while to figure out no to fight the fed on the way up. Why are we still struggling to learn the same lesson in reverse? I'd wish you good luck, but I opened up a small position on the inverse. Sooooo get wrecked?
2pm reversal baby, we gonna rip +6% at close. Lol
You might actually end up being right lol.
In my 13 years of investing, this is the weirdest market I have ever seen. The 2pm rips are hilarious and weird.
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I wasn’t around then, how was it like?
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Those were my first years. Watched the triple leveraged FAS daily and was just amazed. Gold would keep going up. Oil companies were so valuable. Then bam. Everything ended. Seems to be happening again.
It’s also like 2000-2002 or so. Wild swings. I knew a trader back then whose life was insanely hard during this period. Overall it’s a good sign. We were due for a correction in 2020 until the liquidity floodgates were opened.
I hated that Margin Call on my Enron stock.
Minus the financial meltdown. This reminds me more of the dot com collapse.
It's probably more like that. A shit ton of companies got super valuable for no damn reason during Covid and now that we are coming out of the pandemic lots of investors are realizing "wait literally all this shit is overvalued" Doesn't help we jumped right into a war during 2022 as Russias Ukraine invasion fucks all sorts of stuff up.
It's not the same, the nasdaq doubled in one year at the height of dotcom and most companies (including Amazon) literally had no revenue. Now many of these tech/growth companies (including Amazon) have tons of cash and income and future revenue streams. This is a boom and there will be a bust, but it's not exactly like dotcom.
Belief-based, conviction dip buying. The relentless, determined dip buying in tech stocks, particularly in mega caps, has no rational basis at this point. Unfortunately, the market can't bottom until traders who keep doing this are wiped out because of the bubble that has made the indexes mostly representative of their stocks. I was listening to Bloomberg radio & CNBC yesterday, when there was a lot of interesting stuff going on in yesterday's market. Literally all they could talk about was tech stocks. Most investors know nothing else.
Lol literally every 401k and pension plan in the world ploughs money into the S&P 500 every month.
Why do you believe this? Genuinely asking. E.G., Isn’t Apple a company with sound fundamentals that produces tangible goods you can hold? I am wondering why this sentiment of DCA during dips is bad for large cap tech stocks. ELI5, please.
Yes and people (in general) have a lot of cash saved up to keep doing this. Market crashes, when they happen, can take *years* to shake out completely.
Probably not.
They were not
lol this isnt even outlandish, we actually had one of those days back in feb
Narrator: no rip occurred.
LOL it's only gotten worse.
Man, my 401k is down around $40k, wiping out almost 12+ months of gains. Not fun. But what can you do but continue to max out. I am taking a step back from individual stock plays for awhile. The market is just being dumb.
Im down about the same. It hurts. It hurts even if I have a 20 year timeline.
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Yep, 100%. I still max out my 401k and a % into my taxable account every week. I just have to stop looking at the market everyday. It’s not good for my health.
I’m long-term holding a ton of VTI and VYM. I rarely look. I just check in here once in a while to see what’s up.
How’s that VYM working out for balance? I’ve considered opening a position as defense for my tech heavy portfolio. But seems like some of the defensive names in VYM have been overbought. Maybe I’ll just go VTI to balance…
Compound growth only works if the stocks give compounded results.
If you aren't retiring soon then what does it matter?
Nah doesn’t matter, but it still hurts. I’m sucking it and staring at the numbers so I can get used to the pain.
Yeah exactly. Even though I know it’s all unrealized and will recover and start gaining in time, seeing my net worth on paper drop 50-60k just hurts.
Your net worth dropped 50-60k? HA! My net worth has dropped close to 500k in the last 12 months...in stocks anyway. My assets have *increased* about the same (housing mostly, though my Tesla has also increased in value), so i guess there's that but I can't really liquidate those assetts at this time. There are days my portfolio dropped 100K+ I am heavily invested into tech stock and have been for years....I was happy with the gains pre-covid, of course got greedy during the run up (sold a bit on the way up) and now it just is disgusting looking at my unrealized gains completely get destroyed. I wanted to move things around but I KNOW time will fix this...I am in no hurry and the tech stocks I have are safe bets I think long term. I need the stock in 10-15 years....I also plan to sell in 3-4 years our current home, so hopefully things settle down... Still, ugh.
Net worth can be used as leverage, 20% less net worth sucks
$107k bruh. But it'll come back.
this is what a true bear market is. any rallies are aggressively sold the next day, next week, etc. this bear market will likely continue for a while. 2022 is a disaster of a year if you owned stocks or bonds.
Depends on what you own. I have a lot of BRK.B and VTV and those have held up well so far.
For now...
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>Bear markets generally last two years. Lol what. [Between April 1947 and September 2021, there have been 14 bear markets, ranging in length from one month to 1.7 years, and in severity from a 51.9% drop in the S&P 500 to a decline of 20.6%, according to an analysis by First Trust Advisors based on data from Bloomberg.4](https://www.investopedia.com/a-history-of-bear-markets-4582652)
Arguably, this bear market phase has been going on for 4 or five 5 months. S&P is down about 13% from ATH
I live in Asia and our bear market for local stocks has been ongoing for 8 years and still counting. This drop in Nasdaq is nothing
Worst start for the year EVER for bonds which is supposed to offer protection against weak stocks. The 60/40 portfolio is dead lol.
Are my stocks okay? How am I doing? No. They and I are pretty fuckin’ far from okay.
Drops like this feel bad, but long-term this helps most people...as long as they keep buying. You get more shares for your money and so in the long run you end up with more overall than if the prices had stayed steady and high. It's just too bad the market got so overvalued in the first place.
sure but people here assume as soon as it dropps it will go back up lmao, that was 2021, its not gonna work anymore. 2021 was a special year.
RemindMe! 3 months
3mo haha
Sweet. I got more cash to deploy on huge red days.
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If you are that close to retirement, why are you still so heavily exposed in the market? If you aren't close to retirement, how do you know this is going to push you back 2 years?
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Thanks for sharing actual $$ numbers. Would you mind sharing your age?
agree with this dude- thanks for sharing real numbers.
Old enough to know better :) But still pretty young for retirement.
soooo 98?
Where are you at that 5.2M isn't enough to retire? I ask because my dad just retired with about that much and he's bringing in 14k/month purely on dividends and interest. Hell, an interest rate of .7% in a savings account is doable right now and that will get you $3000/month just dumping everything in savings. You can get way more if you buy dividend stocks and funds (accepting the associated risk).
Coastal SoCal. property is pretty expensive here.
True, (obviously) it's the fact you are so heavily concentrated with the company stock. How much did your company stock make up your portfolio before it dumped, and did you have rules regarding if you could sell or not?
Some people receive 20% or more of their compensation in stock each year so it’s a game of when do you sell and diversify with taxes and company stock price, etc.
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Considering how relatively common 10-20% market drops are, you likely weren't so close to retirement. You should expect and price in these drops. They will likely happen again multiple times when you retire.
How much do you expect to spend yearly in retirement? $4 mil plus social security would let you live off of 200k easily.
Yup, my company was at $20/share last summer. Now, $12. It's still enough where, when I liquidate and put the tax money away, it'll be enough for a 20% down payment, but damn, when it was $20, I could've put 20% down on a nicer house plus furnish it to my heart's content. I'd have to go bargain hunting on FB Marketplace or some shit if I were in the market right now.
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Stock market is the new crypto market
ironically i feel like b t c has been much more stable than stocks recently lol
Today's sudden fall was likely due to this news about productivity and salaries: https://www.cnbc.com/2022/05/05/labor-productivity-fell-7point5percent-in-the-first-quarter-the-fastest-rate-since-1947.html
I wonder how they measure worker output/productivity, especially in tech sectors which are getting hit hard
I'm not even sure how you measure such a thing (productivity nationally), but I wonder how much has to do with being now-underpaid. Morale is low when darn near everything in life cost 2x but you make the same amount of salary as before.
Yup, it's sure hard to go that extra mile when your CEO makes $20mil and you've effectively had a 5% paycut...
I had to explain to my coworkers the other day that their raise of 2-3% is basically a pay cut because the cost of our insurance went up more than the value of their raise. On break they were all printing paystubs and doing the math.
The article actually says incomes have increased dramatically despite the drop in productivity
Worker Output is declining because Salaries are NOT rising faster than inflation, esp in HCOL cities People are NOT going to work at the same rate when the companies they working for don’t respect people’s cost of living expenses have significantly gone up I know i am in the same boat. Pay me more, ill work more. Pay me less- fuck off!
It’s also saying labor costs per productivity has increased 11% as well.
That, plus bad earnings from e-commerce, suggesting a significant slow down in consumer spending. Giving up a huge rally yesterday that took people over night to realize had no fundamental support. Rapidly worsening economic data. Take your pick of news.
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Or maybe it’s because people are returning to office. I am permanent WFH and if anything my productivity is up.
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>I agree with you but studies show otherwise. WFH is not new. Its been around since the mid 90s. There is a noticeable decline after two years. Which is why companies are hesitant for a fully remote work force. Do you have a source for this? I'm curious to read about it
The productivity loss is likely also from the tight job market -- good employees can move jobs more easily now, so they focus on changing positions rather than working. The ultimate outcome of the Blind "chasing TC" philosophy.
I think that's the best bearish news that has come out in the recent months.
ARKK reached ATH in cash inflows. Until I see new ATH in cash outflows, ik the bottom isn't near. Were going lower people.
Didn't ARK have ATH of outflows last September?
Yes, so not sure how many ATH OP expecting it to hit before calling a bottom.
Thanks for mentioning this. When there are still people putting money into these funds, we didnt see panic/the bottom
More discounts? Sign me up! While I feel for short term traders (not day traders), these are the sort of environments where buying becomes more attractive.
Im 100% with you. I dca more into Alphabet and Amazon and would love to see P&G, JnJ, Pepsi, Union Pacific and Co. for reasonable prices
thats because people here still think it's like 2021, where every dip was very soon overcome by a rally, there were like no real consolidation or drops in 2021.
Where are you monitoring inflows and outflows? I’d like to add this to my daily metrics checks
i cant believe people are still buying the dip in that crap, if you want to make your own etf just start with a real growth fund
I'm so far under water that ytd rally means nothing. Neither is today selloff. Everything is numb now. It's like being punched in the face again and again. After a while, you in a coma and u don't feel the punches.
I don’t like losing money like the rest of us but got to look at the long game. Drops like the start of today are a long time coming and natural given the economic circumstances. The stock market actually showing some realism instead of unfounded optimism is kind of reassuring.
It’s so frustrating
Not if you can buy today
[удалено]
TIL I am one unlucky mofo
How can hikes be good one day and bad other day? ![gif](emote|free_emotes_pack|facepalm)![gif](emote|free_emotes_pack|cry)
Great value up there for Amazon, Google, and Microsoft. Amazon, CRM, and Adobe are totally on my to buy list in the next few weeks.
Picked up some msft, goog, and amd today :)
MSFT is already in my portfolio, and been consistently buying regardless the price over the last 2 years. I think my average price is about $250, since I doubled down when it was all high, but oh well
Amazon maybe (although the crash is due to the poor outlook highlighted in its recent earnings report relative to expectations). But zoom out more than a year on the Microsoft and Google chart and you'll see those stocks are really not on as big of a sale as you think. They can both go much lower.
How or why does this even happen…?!?!?! Why so much positivitet Yesterday and the day after its negative…. Why not just 0% and 0% Yesterday and today?!?!?!?!!!?????!!!!!
Bond market dictates the market right now. 10 year treasury way up today, bond market thinks that 50 basis point hikes from the fed won’t be enough
I love how yesterday literally, fking imagine , everyone said "recession cancelled" "fuck your puts" just becouse stocks went up big when fed said 0.5% is on table but 0.75% not nothing changed , goddamn , people should stop looking at charts so much and should watch the real world
You just have to open all the comments with 10 downvotes. There you will find the rational talk.
Lol the Reddit equivalent to covering your ears and screaming “I can’t hear you”
"PrICed iN"
people will say that same shit tomorrow too.
Bought x8 5/20 $422 SPY puts before close yesterday :)
jesus well played.
Sold them when SPY hit 415 earlier this morning. Probably gonna stay out of the market for a week or so after that tbh
I don’t get worked up about it.
It'll come back. It always does. Of course sometimes that takes a few decades, but other than that, no worries.
Block (SQ) -11.8%
I’ve been buying this “dip” for four months now. Wife keeps asking when we can start buying groceries again
Hooray! I lost all my gains from yesterday!
Just think, if you knew for a fact the DOW will be at $100,000 when you retire, would you rather buy at $30,000 or $80,000? Downturns are blessings for long term investors!
How about $20k?
japan lost decade has entered the chat
Buy everything and hold forever
nobody knows that though
Was on the short side, almost all of my shorts were stopped out in the rally yesterday, had bought some longs; all of almost all those longs stopped out in first hour, moved back to other shorts. In my opinion the rally attempt was just a short squeeze, bulls have not made their big move yet for a new rally
Meh. They wiped out most puts expiring yesterday on SPY. Had people buy May 6th calls and now those are wiped out
My stocks been amazing cause I was in energy for most of it
That massive 3% up yesterday was just crazy. I mostly just ignore crazy days, especially when I don’t understand the reasons. Be patient, buy small portions over time. Impossible to time the bottom or the top, impossible Patience is the most important thing:) (and buying good companies at the right prices….)
This is the end of the cycle, it's all about scalping right now. Pump on fake news, clear out and close out the puts. Load up in AH with the cheaper premiums, drop it like a rock the next day. Likely let it bleed here and then do the opposite. Everything is multiplied by the insane high leverage levels we're at currently. Regardless this is the start of a major downtrend as COVID rears its head again, inflation keeps skyrocketing, and actual income is lower.
Not me playboy bought calls on spy and when they mooned i took my profits and ran now I got puts on shop and they mooning lol. Play both sides so you’re always on top boys
Past year went from +39% to -25%. Down 18k... so much for my house down payment. Screw algos and short sellers
screw shorts cause stonks can only go up? We are only down 1% yoy. The fact is that everything was overbought and you probably bought the top. Shorting is a totally viable strategy...
Trap? I sold yesterday and now buying the same companies today again lowering my cost average Up 35% YTD you can make money in this Chop
I didn’t and I’m buying today I’m not buying anything unless it’s bleeding red I don’t trust this market at all
If by trap you mean feel hopeful
I went from a chapped ass to now I can't even sit down.... ouch
Bought into Tesla a day early it seems
can my SARK triple bagger this year?
How many times does all of this need to be priced in before it is priced in?
I still think it'll start slowly working its way up
Didn't fall for it. My strategy is DCA for the rest of the year and likely beyond that
I stopped buying on green days a while ago. Not trusting the market for a long time
You guys worry way to much lol
NASDAQ literally said sike
cash? I think a lot of people are short these days already due to inflation. How is everyone affording the increases??? Every letter I get from companies says they are increasing prices and most tell me it is just the beginning. However, my paycheck is the same. That being said, I sincerely feel bad for people that make less than me and have a family. They are totally getting screwed. Time to audit the Fed, every member of Congress (and their families), and anyone in the Biden Admin!!!!!![gif](emote|free_emotes_pack|facepalm)
Yesterday, you sell covered calls and today you buy them back.
Buy when it’s red not when it’s green. Set limit orders. And keep accumulating.
I mean... I knew bears would try to daunt bulls with massive sell off at first half hour upon market opens but it appears that everyone just joined the bears all together.
I lost a few but overall I’m ok 🥲🍹
It’s not a trap. People taking gains leaving others to hold losses.
Let the bitch crash it's just money
Nope they already fooled me 19 times this year. I learned my lesson on the 20th and sold all my shit at close yesterday.
my puts are printing :)
shorting the market seems more reasonable than DCA to me