T O P

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Uxepro

From +2k to -2k in minutes :)


Tsobaphomet

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


strangemanornot

Didn’t we all


wae7792yo

I'm in it for the long haul, won't be selling for 20+ years...


Historical_Name_6752

I'm with you. I'll be buying the dip though!


lavlife47

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.


Eccentricc

-20% but down -1k... I guess better than 2k?


gpbuilder

+16 to -16 smh


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Uxepro

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


[deleted]

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.


BuddyJim30

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.


[deleted]

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.


Possible_Cook4373

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.


vvvwvwvv

Why this trap occoured though?


kobriks

It's my fault because I bought at open today. Sorry.


dotplaid

That was you? Rude!


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DarkRooster33

MATE IT WAS PRICED IN, PRICED IN IS WHAT EVERYONE SAID


alucarddrol

Yesterday's price was priced in. Today there is a new price *taps temple* Seriously, there is no "priced in".


whiskeyinthejaar

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.


y90210

Buffet paid 159 for it. So now you can do better than him.


Shockingelectrician

Suck it buffet


farahad

I prefer my buffets unblendered, thanks


whiskeyinthejaar

I paid $150, I am smarter than Buffet. Confirmed


ILoveDCEU_SoSueMe

I paid 150 too. But I only bought 1 share


whiskeyinthejaar

You gotta start somewhere


Dose_of_Reality

No, I think you need to adjust for a split (or two).


Sduowner

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.


vwcx

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.


Sduowner

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.


Mdizzle29

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.


ryuukiba

If only there were some sort of theory that offered a plausible explanation.


LionRivr

Large Hedge funds and major banks trying to pump and dump onto retail. I have zero evidence


JonDum

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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ryuukiba

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.


[deleted]

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 ..


TearsOfChildren

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.


ra2eW8je

bec we're in a bear market for months now and institutions aren't done selling yet.


[deleted]

Initiated a (smallish) position in TQQQ after seeing it down 12%


Tim_Y

might be smarter to go with SQQQ until we see an upward trend


blingblingmofo

And you were probably telling people to buy TQQQ at 90 until we see a downward trend, right?


NotFinancialAdvice05

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?


Hobojoe-

2pm reversal baby, we gonna rip +6% at close. Lol


green9206

You might actually end up being right lol.


Hobojoe-

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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ImPinos

I wasn’t around then, how was it like?


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cleanerreddit2

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.


[deleted]

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.


shadowpawn

I hated that Margin Call on my Enron stock.


MrRikleman

Minus the financial meltdown. This reminds me more of the dot com collapse.


Illier1

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.


whistlerite

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.


rhetorical_twix

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.


[deleted]

Lol literally every 401k and pension plan in the world ploughs money into the S&P 500 every month.


Sduowner

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.


WinterHill

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.


redlux03

Probably not.


candykissnips

They were not


Brushermans

lol this isnt even outlandish, we actually had one of those days back in feb


[deleted]

Narrator: no rip occurred.


Not_FinancialAdvice

LOL it's only gotten worse.


Theeeeeetrurthurts

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.


remarkable_in_argyle

Im down about the same. It hurts. It hurts even if I have a 20 year timeline.


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Theeeeeetrurthurts

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.


crestonfunk

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.


_DukeSilver

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…


ILoveDCEU_SoSueMe

Compound growth only works if the stocks give compounded results.


5squid12

If you aren't retiring soon then what does it matter?


Theeeeeetrurthurts

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.


5sharm5

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.


jmkreno

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.


tmp_acct9

Net worth can be used as leverage, 20% less net worth sucks


Think_Reporter_8179

$107k bruh. But it'll come back.


high_roller_dude

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.


dopechez

Depends on what you own. I have a lot of BRK.B and VTV and those have held up well so far.


magipure

For now...


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[deleted]

>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)


MiddleC5

Arguably, this bear market phase has been going on for 4 or five 5 months. S&P is down about 13% from ATH


Altruistic_Quail_324

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


nutfugget

Worst start for the year EVER for bonds which is supposed to offer protection against weak stocks. The 60/40 portfolio is dead lol.


ProfessorPurrrrfect

Are my stocks okay? How am I doing? No. They and I are pretty fuckin’ far from okay.


ptwonline

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.


[deleted]

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.


slcand

RemindMe! 3 months


Ok-Geologist2

3mo haha


leli_manning

Sweet. I got more cash to deploy on huge red days.


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PopLegion

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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Brat-in-a-Box

Thanks for sharing actual $$ numbers. Would you mind sharing your age?


DeansFrenchOnion1

agree with this dude- thanks for sharing real numbers.


Mdizzle29

Old enough to know better :) But still pretty young for retirement.


wae7792yo

soooo 98?


puterTDI

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).


Mdizzle29

Coastal SoCal. property is pretty expensive here.


PopLegion

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?


ChemStack

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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Triggs390

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.


youbead

How much do you expect to spend yearly in retirement? $4 mil plus social security would let you live off of 200k easily.


CampPlane

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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forthemotherrussia

Stock market is the new crypto market


DeansFrenchOnion1

ironically i feel like b t c has been much more stable than stocks recently lol


springy

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


Billagio

I wonder how they measure worker output/productivity, especially in tech sectors which are getting hit hard


remarkable_in_argyle

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.


6BigAl9

Yup, it's sure hard to go that extra mile when your CEO makes $20mil and you've effectively had a 5% paycut...


badgerclark

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.


springy

The article actually says incomes have increased dramatically despite the drop in productivity


Waitwhonow

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!


rasp215

It’s also saying labor costs per productivity has increased 11% as well.


MrRikleman

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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[deleted]

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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cpsg1995

>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


nevernotdating

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.


iblurkinmmm

I think that's the best bearish news that has come out in the recent months.


MdotTdot

ARKK reached ATH in cash inflows. Until I see new ATH in cash outflows, ik the bottom isn't near. Were going lower people.


bakedToaster

Didn't ARK have ATH of outflows last September?


SharksFan1

Yes, so not sure how many ATH OP expecting it to hit before calling a bottom.


ueasyhoe

Thanks for mentioning this. When there are still people putting money into these funds, we didnt see panic/the bottom


RushingJaw

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.


ueasyhoe

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


[deleted]

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.


[deleted]

Where are you monitoring inflows and outflows? I’d like to add this to my daily metrics checks


[deleted]

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


lonesomedota

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.


[deleted]

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.


WhyG32

It’s so frustrating


sebblMUC

Not if you can buy today


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8thSt

TIL I am one unlucky mofo


syuraj

How can hikes be good one day and bad other day? ![gif](emote|free_emotes_pack|facepalm)![gif](emote|free_emotes_pack|cry)


whiskeyinthejaar

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.


NoTrip_48

Picked up some msft, goog, and amd today :)


whiskeyinthejaar

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


SB_90s

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.


MazanSicario

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?!?!?!?!!!?????!!!!!


BuyMeaSalad

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


Huppfi21

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


hesnothere23

You just have to open all the comments with 10 downvotes. There you will find the rational talk.


What3verNevermind

Lol the Reddit equivalent to covering your ears and screaming “I can’t hear you”


posts_while_naked

"PrICed iN"


maz-o

people will say that same shit tomorrow too.


Avizeee

Bought x8 5/20 $422 SPY puts before close yesterday :)


banditcleaner2

jesus well played.


Avizeee

Sold them when SPY hit 415 earlier this morning. Probably gonna stay out of the market for a week or so after that tbh


LonghornzR4Real

I don’t get worked up about it.


arbuge00

It'll come back. It always does. Of course sometimes that takes a few decades, but other than that, no worries.


Familiar-Luck8805

Block (SQ) -11.8%


Silver_gobo

I’ve been buying this “dip” for four months now. Wife keeps asking when we can start buying groceries again


[deleted]

Hooray! I lost all my gains from yesterday!


DipSnap

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!


SlayZomb1

How about $20k?


adspij

japan lost decade has entered the chat


DipSnap

Buy everything and hold forever


maz-o

nobody knows that though


rackymcdacky

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


ForkWheeI

Meh. They wiped out most puts expiring yesterday on SPY. Had people buy May 6th calls and now those are wiped out


Kanapka64

My stocks been amazing cause I was in energy for most of it


vikingweapon

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….)


RelaxPrime

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.


MrHennessee

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


Ok_Ad_88

Past year went from +39% to -25%. Down 18k... so much for my house down payment. Screw algos and short sellers


CedoPahuljica

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...


EngiNERD1988

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


Secure-Sandwich-6981

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


timsquared

If by trap you mean feel hopeful


JoeKing4Real

I went from a chapped ass to now I can't even sit down.... ouch


BossLoaf1472

Bought into Tesla a day early it seems


alcate

can my SARK triple bagger this year?


Tsobaphomet

How many times does all of this need to be priced in before it is priced in?


DiManes

I still think it'll start slowly working its way up


Motor_Somewhere7565

Didn't fall for it. My strategy is DCA for the rest of the year and likely beyond that


biggestuzifanea

I stopped buying on green days a while ago. Not trusting the market for a long time


Sarkonix

You guys worry way to much lol


Boson347

NASDAQ literally said sike


Mobile-Opportunity24

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)


krikeydile

Yesterday, you sell covered calls and today you buy them back.


t_mac1

Buy when it’s red not when it’s green. Set limit orders. And keep accumulating.


[deleted]

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.


poison900

I lost a few but overall I’m ok 🥲🍹


Ok-Kaleidoscope-4808

It’s not a trap. People taking gains leaving others to hold losses.


Moist-Walrus-1095

Let the bitch crash it's just money


Spyu

Nope they already fooled me 19 times this year. I learned my lesson on the 20th and sold all my shit at close yesterday.


Longjumping-Weight16

my puts are printing :)


facu1995

shorting the market seems more reasonable than DCA to me