Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[chico2663]

Chico you use to be a smart and reasonable thinking man as I remember, a rhino Republican but still a Republican by nature. That stroke focked you up pal as you woke back up being a rainbow liberal woke fool now.

Take your meds and take a lap buddy. Get those old neurons firing back up again in your damaged brain!

Still conservative but you follow a guy that was a registered democrat until he ran for office. I am still the same as I have always been. I just call shots as I see them. Sorry

[chico2663]

i think it's the worst drop i've seen in my 48 years, only because of 3 things

1) bonds/preferreds/other fixed income have been absolutely destroyed
2) so many stocks are down 80-90% in a short amount of time... in 2000-2002 a lot of internet stocks became worthless but it wasn't hundreds and hundreds of big names like now... shop/cvna/pton/snap/nflx/dkng, retailers, etc... yes a lot of those high fliers went way up but that doesn't mean there hasn't been real pain
3) while many have lost 30% overall in stocks/bonds, inflation has been running 10%+, so the real wealth destruction (for people like me with no income) is even worse... and even if you're sitting on cash you're losing big time to inflation

You forgot the dot com bubble?

[chico2663]

yeah anyone who thinks things are going to get better is pretty naive... these interest rates will probably kill real estate prices eventually

just think of who is running the show, from the president on down to the local school boards, these are corrupt incompetent morons, who in many cases were only hired because they are female and/or minority

- president is a senile fool, with a crackhead son, and a first wife that hated him so much she tried to kill the whole family - suicide by truck
- vice-president is another moron, slept her way to the top and can't even speak an intelligent thought without laughing
- the "expert" in charge of our health is an obese, mentally ill, tranny
- the "experts" in charge of our financial system say they didn't think printing trillions of dollars would cause inflation, and then when it did, it was transitory, and then when it wasn't transitory it was putin's fault
- the media is nothing more than a mouthpiece for population reduction, who only care about medical freedom and body autonomy when it involves being allowed to kill other humans inside your body... they show protest after protest where 10 people want abortion rights, while ignoring protest after protest where millions of people wanted no vaccine mandates

They will get better next election. Just like Carter the rich have decided that stumbling,bumbling Biden will not be successful. Then repubs get back in. If you remember the Star Trek episode where they faked war and people reported to be killed. It will come to here soon enough. Especially when they do away with social security.so many people haven’t saved.

[milwaukee mike]

They will get better next election. Just like Carter the rich have decided that stumbling,bumbling Biden will not be successful. Then repubs get back in. If you remember the Star Trek episode where they faked war and people reported to be killed. It will come to here soon enough. Especially when they do away with social security.so many people haven’t saved.

yeah but as you know repubs getting back in just flips the rigged 2-headed coin the other way

pretty much everything is faked so you're right about that! not just social security but medicare/medicaid... we have millions of people living in nursing homes in this country without paying for anything

societies crumble when more and more people realize that everything is a lie and a con and a fiat ponzi scheme, which we are in the process of... almost happened in 2008/2009 with the global financial crisis, but this time around so many more people are awake after the covid nonsense

[chico2663]

Well I don’t know about you but I started paying social security at age 12. I was self employed most of my life which means I paid mine and companies end of s.s. So they owe me. As I am sure they owe you. Funny part this would be solvent except Lyndon put it into the govt. Reagan raised amt people got but he used it to pay for his programs . They have been abusing it ever since.

[d2bets]

yeah but as you know repubs getting back in just flips the rigged 2-headed coin the other way

pretty much everything is faked so you're right about that! not just social security but medicare/medicaid... we have millions of people living in nursing homes in this country without paying for anything

societies crumble when more and more people realize that everything is a lie and a con and a fiat ponzi scheme, which we are in the process of... almost happened in 2008/2009 with the global financial crisis, but this time around so many more people are awake after the covid nonsense

Nothing more fake and ponzi than all the crypto nonsense. So many people trying to make money without doing anything productive (I know, ironic words coming from a gambler).

Still, the very large pan out macro scene has big corporations able to take advantage and make money from automation.

[chico2663]

yeah but as you know repubs getting back in just flips the rigged 2-headed coin the other way

pretty much everything is faked so you're right about that! not just social security but medicare/medicaid... we have millions of people living in nursing homes in this country without paying for anything

societies crumble when more and more people realize that everything is a lie and a con and a fiat ponzi scheme, which we are in the process of... almost happened in 2008/2009 with the global financial crisis, but this time around so many more people are awake after the covid nonsense

Funny I think it was Norway or Scandinavian had same deal. They jailed the bankers that fukked it up. The govt helped people keep their houses by writing off the amt. they were underwater. Took them three yrs to recover. What did we do? Let mnuchian and dregs like him buy houses for pennies on the dollar. I had friends try to save their houses but they didn’t work with them at all.

[chico2663]

Nothing more fake and ponzi than all the crypto nonsense. So many people trying to make money without doing anything productive (I know, ironic words coming from a gambler).

Still, the very large pan out macro scene has big corporations able to take advantage and make money from automation.

Wish I would of got out of Tesla last fall.

[d2bets]

Wish I would of got out of Tesla last fall.

No way in hell I would own Tesla. Not gonna say it's a Ponzi scheme, but I sure don't trust Elon Musk. Tesla could easily fall 90% in the next few years and it wouldn't shock me.

[chico2663]

No way in hell I would own Tesla. Not gonna say it's a Ponzi scheme, but I sure don't trust Elon Musk. Tesla could easily fall 90% in the next few years and it wouldn't shock me.

I would still be up. Bought in at 300. Bought in Nio at 1.98.

[milwaukee mike]

Nothing more fake and ponzi than all the crypto nonsense. So many people trying to make money without doing anything productive (I know, ironic words coming from a gambler).

Still, the very large pan out macro scene has big corporations able to take advantage and make money from automation.

absolutely, combined with nft... hey my picture of an ape has laser beams so it's worth an extra 300k lol

look at the 20-somethings in this country, they are all pretty much worthless, including my kids... social media/cell phones, combined with parents like me that spoil them, have created a total lack of motivation that is now unfixable... think of what happens over the next few years as more and more of the people that can actually DO THINGS like make stuff, fix stuff, etc will keep dying off and retiring... and we're left with a whole generation that can't go a minute without looking at their phones, and have no skills or motivation

[Slurry Pumper]

absolutely, combined with nft... hey my picture of an ape has laser beams so it's worth an extra 300k lol

look at the 20-somethings in this country, they are all pretty much worthless, including my kids... social media/cell phones, combined with parents like me that spoil them, have created a total lack of motivation that is now unfixable... think of what happens over the next few years as more and more of the people that can actually DO THINGS like make stuff, fix stuff, etc will keep dying off and retiring... and we're left with a whole generation that can't go a minute without looking at their phones, and have no skills or motivation

Well I have to agree with you about the youts. For me I got 3 kids, 1 is early teens so I can't officially call him a looser just yet, but I should just be thankful he doesn't identify as a half gendered A sexual Armadillo. The older son is going to college majoring in trying to get laid so maybe there is hope if he somehow gets into porn or something. My daughter on the other hand is 23 now and a fresh mother, and her husband is actually ambitious smart worker who will probably take over my slurry pumping empire when I hang it up so there is hope.

[Madison]

Slurry,

This a pretty strong/impactful comment. When time permits a more detailed comment would be appreciated. Thx!

This took a good 20 years to build and a few months ain't going to unwind the system. I think things eventually go allot lower and it will be painful to all who don't play the downside, or those who hang on to stocks forever. If the market doesn't make it to the all time highs in the next few months, it will be a decade before seeing that $480 on the SPY again.

[Slurry Pumper]

Slurry,

This a pretty strong/impactful comment. When time permits a more detailed comment would be appreciated. Thx!

This took a good 20 years to build and a few months ain't going to unwind the system. I think things eventually go allot lower and it will be painful to all who don't play the downside, or those who hang on to stocks forever. If the market doesn't make it to the all time highs in the next few months, it will be a decade before seeing that $480 on the SPY again.

I guess what I'm saying is the economy has been flushed with easy cash since back even before the 2009/09 crash with the easy mortgage stuff. Then when that fell apart, instead of taking the pain the markets were quickly inflated and we have been inflating with easy printed cash ever since. Tech stocks boomed, and easy debt all over the place. The company evaluations are way inflated. Real inflation cost were masked by the offshoring of stuff we used to make in the U.S. to a cheaper location somewhere on the globe. We didn't really see that inflation because consumers didn't have to pay, but the finding a spot to lower the cost of production was the inflation. Now the rest of the world has caught up and we don't have any places where we can make stuff cheaper anymore. These cost will manifest themselves in real cost increases to the consumer now. All of this is coming during a backdrop of the government having to come to grips with the fact that just spending money will have detrimental effects on the currency. Basically all the chickens are starting to come home to roost. The inflationary stuff from the housing bubble, QE, and out of control government spending for the last couple of decades are all here to collect on the bill. If you are an owner of assets the last couple of decades, those values have been rising, but if you where trying to work for a living those monetary gains where muted. Now it has reached a point where so many people cannot afford the assets that are out there. This all means the economic engine will be grinding to a halt.
Enter the stock market which is more or less a big casino game at this point. When the markets top, they typically come down a little bit then rally back up to or near the top that they where at before plummeting down in a horrific crash. I think we are at the point where it has come down a little bit and will start to rise to challenge the top of last November. I don't think it gets there, and I know it is all doom and gloom now, but history tells us that is what happens. So the markets will start to rise and if things line up, I can see the SPY back at the $475 spot before the election and if it starts to move in that direction, the news will reflect that, then things will build on themselves. Of course the underlying bad things will still be there so the markets will have an "event" that will send the markets down again to even lower levels than we are at now. All of this happens in the next year or so. Then a period of consolidation and eventually all of the debt gets worked out of the system. This all takes time to happen so maybe another year or so before the markets start the inflation cycle again, but the lower point will be back in the low 200s for the SPY and the climb back to $475ish will take another decade to do.

[Madison]

I guess what I'm saying is the economy has been flushed with easy cash since back even before the 2009/09 crash with the easy mortgage stuff. Then when that fell apart, instead of taking the pain the markets were quickly inflated and we have been inflating with easy printed cash ever since. Tech stocks boomed, and easy debt all over the place. The company evaluations are way inflated. Real inflation cost were masked by the offshoring of stuff we used to make in the U.S. to a cheaper location somewhere on the globe. We didn't really see that inflation because consumers didn't have to pay, but the finding a spot to lower the cost of production was the inflation. Now the rest of the world has caught up and we don't have any places where we can make stuff cheaper anymore. These cost will manifest themselves in real cost increases to the consumer now. All of this is coming during a backdrop of the government having to come to grips with the fact that just spending money will have detrimental effects on the currency. Basically all the chickens are starting to come home to roost. The inflationary stuff from the housing bubble, QE, and out of control government spending for the last couple of decades are all here to collect on the bill. If you are an owner of assets the last couple of decades, those values have been rising, but if you where trying to work for a living those monetary gains where muted. Now it has reached a point where so many people cannot afford the assets that are out there. This all means the economic engine will be grinding to a halt.
Enter the stock market which is more or less a big casino game at this point. When the markets top, they typically come down a little bit then rally back up to or near the top that they where at before plummeting down in a horrific crash. I think we are at the point where it has come down a little bit and will start to rise to challenge the top of last November. I don't think it gets there, and I know it is all doom and gloom now, but history tells us that is what happens. So the markets will start to rise and if things line up, I can see the SPY back at the $475 spot before the election and if it starts to move in that direction, the news will reflect that, then things will build on themselves. Of course the underlying bad things will still be there so the markets will have an "event" that will send the markets down again to even lower levels than we are at now. All of this happens in the next year or so. Then a period of consolidation and eventually all of the debt gets worked out of the system. This all takes time to happen so maybe another year or so before the markets start the inflation cycle again, but the lower point will be back in the low 200s for the SPY and the climb back to $475ish will take another decade to do.

Thanks! Always greatly appreciated. I've always battled my innate contraryinism and attention to facts leading to an inate negatiivity toward our financial future.

[milwaukee mike]

Thanks! Always greatly appreciated. I've always battled my innate contraryinism and attention to facts leading to an inate negatiivity toward our financial future.

yeah i'm kind of the same way

so i start thinking...well if all these dumbasses think the economy/markets are going in the toilet, they can't be right, dumb people are dumb for a reason... but with a consumer-driven economy, they actually CAN be right because they stop spending... and just think how much of the economy depends on people moving, getting mortgages, etc... who is gonna move and switch a 3% mortgage for a 7% one, and who is gonna refinance, so that's tons of people who work in refi with no reason to have a job right now, and all of these realtors

[Madison]

yeah i'm kind of the same way

so i start thinking...well if all these dumbasses think the economy/markets are going in the toilet, they can't be right, dumb people are dumb for a reason... but with a consumer-driven economy, they actually CAN be right because they stop spending... and just think how much of the economy depends on people moving, getting mortgages, etc... who is gonna move and switch a 3% mortgage for a 7% one, and who is gonna refinance, so that's tons of people who work in refi with no reason to have a job right now, and all of these realtors

Why I'm happy to have you back posting regularly. !!

Have very successful daughter and son in-law who have a very nice 3/4 bedroom expanded cape with 2 youngsters. They have dreams of upscaling but the reality of going from a 15yr (Thanks to Dad) to a potential 20/30 year mortgage for an upscale 50% increase in mortgage is settling in.

[milwaukee mike]

Why I'm happy to have you back posting regularly. !!

Have very successful daughter and son in-law who have a very nice 3/4 bedroom expanded cape with 2 youngsters. They have dreams of upscaling but the reality of going from a 15yr (Thanks to Dad) to a potential 20/30 year mortgage for an upscale 50% increase in mortgage is settling in.

i bought a house in 2004, they wouldn't give me a 15 yr mortgage because my income was too low... so i got a 30 yr mortgage and paid it off in 3

at that time it was 5.75% which was cheap, now when someone gets a 6% it looks expensive compared to neighbors

either way, a generation ago, if inflation was 10% then a mortgage was 12% and you could get 11% in a savings account... now you still get close to 0 in savings and mortgages are cheaper than inflation... weird times to be sure!

[Slurry Pumper]

Tough sledding in the early going for the relief rally with not too many squeeze operations going on. All in all though things are still on the rise. I'm looking for the prize tomorrow at $384.20 which is the intraday high from 6/15. That is the first goal I see. If it gets there , then there is a gap they can start to work on going into the future.
If you look at a hourly chart, it looks like they are just eating time off the clock before moving higher. Tomorrow we have home sales and fed dude Bullard spouting off. I think they rig these and we see a little pop going into the weekend.

[milwaukee mike]

Tough sledding in the early going for the relief rally with not too many squeeze operations going on. All in all though things are still on the rise. I'm looking for the prize tomorrow at $384.20 which is the intraday high from 6/15. That is the first goal I see. If it gets there , then there is a gap they can start to work on going into the future.
If you look at a hourly chart, it looks like they are just eating time off the clock before moving higher. Tomorrow we have home sales and fed dude Bullard spouting off. I think they rig these and we see a little pop going into the weekend.

oil prices seemed to have kill the rally? my bp and psx got crushed on an up day

[Madison]

Roe vs Wade overturned. Appears to be no effect on market. In today's world, I'd be a little concerned for my and my families well-being if I were a Supreme Court Justice??

[TheMoneyShot]

Totally surprised at this Market.... totally unreal. I can't even believe it. Wow. I said a few days ago it wound drop 1,000 in 3 days lol it goes up 1,000 in 3 days. lol Blows my mind. I don't believe it's a market that should be over 30k right now.

[Slurry Pumper]

I've been tell yall that after the last pullback we were gonna have a rally, and I think we have a good chance to have this one extend for a while, maybe even a month or 2 before we see a dump to below $365. I even gave you a pretty good spot to buy at with $365 when the market spike it ever so briefly before turning around and heading up. Now the SPY overshot where I thought it would go on Friday and a gap spot to $390 was achieved. Tomorrow, it would be better in my opinion to start the day with a little pullback to around $385 before turning around and resuming the march up hill. If the SPY just takes off and rolls, I think we have a shorting spot at around $400 if they roll it up there either Monday or Tuesday. This would be a very short term thing and holding $390 would be key.

Looking at the hourly chart will show you that they were eating time off the clock before the last hour push on Friday from $386 to $390. So getting down early on Monday to around $385-$384ish for a few hours before turning back up is what I think happens and yet another chance to jump on board the Call train. There is always a possibility that things could fall apart so any lower and I will be taking profit on all those calls I bought on the cheap last week at $365 when people thought the floor would drop out. Lower than $384 on a hourly close (10:30) may be telling us a revisit of $381.50 is in the cards, so if that happens I just take some profits at $384 and see if there is another support level at $381.50ish. Below $380 and I take all profits and wait to see if there is a bottom on Monday or Tuesday that is higher than $365.

[ThaTopMoron]

AMC was added to russell 1000 list at end of trading last friday

i was ready for day trading on it today...

grabbed 500 hundred shares at 12.40 ... sold em after it started ticking down from about 14.70 sold em at 14.60

same thing as being up just over 10 units for the day

[Bostongambler]

Good job TM. What other stocks do you dabble in just to “ trade”

[Slurry Pumper]

Not much happened yesterday as the markets didn't make a move in either direction. A rare day of rest. As the week gets closer to the end, I expect things to move north then the holiday effect will be in play until early next week. This bear market rally continues. So I know your all asking Mr. Pumper where does this bear market rally end? I think over the course of the next few weeks it moves at least to the 50 DMA or $400 as a minimum. The probability of challenging the $410 area is very high in my opinion, and a pretty decent chance of getting all the way up to $430 by the time August rolls around but that is too much to hope for right now so I'll stick to the immediate future of just getting to $400 before unloading a slight amount of CALLS.
Of course the pullback is always looming and $385 is the first stop on that list with a possible draw down to $380 before shaking things out properly. Any lower than that and its down to below $365 on the SPY.
I haven't been touting the QQQ, IWM, and all the other indicators that I follow but they are more or less in the same boat here.

[RangeFinder]

Not much happened yesterday as the markets didn't make a move in either direction. A rare day of rest. As the week gets closer to the end, I expect things to move north then the holiday effect will be in play until early next week. This bear market rally continues. So I know your all asking Mr. Pumper where does this bear market rally end? I think over the course of the next few weeks it moves at least to the 50 DMA or $400 as a minimum. The probability of challenging the $410 area is very high in my opinion, and a pretty decent chance of getting all the way up to $430 by the time August rolls around but that is too much to hope for right now so I'll stick to the immediate future of just getting to $400 before unloading a slight amount of CALLS.
Of course the pullback is always looming and $385 is the first stop on that list with a possible draw down to $380 before shaking things out properly. Any lower than that and its down to below $365 on the SPY.
I haven't been touting the QQQ, IWM, and all the other indicators that I follow but they are more or less in the same boat here.

Slur,

My current chart on the SPY does not look promising. Trending down with bearish signals. I think it hits 365 by the end of the week. We may not see the holiday rally that a lot of traders are expecting. A lot of nervous fingers at the button right now.

[Slurry Pumper]

Slur,

My current chart on the SPY does not look promising. Trending down with bearish signals. I think it hits 365 by the end of the week. We may not see the holiday rally that a lot of traders are expecting. A lot of nervous fingers at the button right now.

Right now today's gap and crap is brought to you by the Trick, Trap, Fool, and Fuk you sideways crew. Its a shake out operation until they start closing hourly candles below $380 on the SPY. If it gets below $380, I'll switch and be in the below $365 camp too, but until then, I think this is just a test run and a weak hand shake out.

[OldBill]

the stock market buy and sell is a gamble maybe some new tech company you see might take off you buy in with $500 getting like 100 shares it goes up 1st month then poof that totally went bankrupt and your out

YOU want ones that pay dividends so you get paid every 3 months not ones you have to sell for maybe a gain of 2% or 8% unless you got millions and get out quickly your not going to make a living

rather put 1000's into high yield securities that are as high as 3.5% like say you have $50,000 to strat with

get one that pays 2.5% thats $25 earned on every 1000 X 50 $1250.00 every year dunno if gets higher in $ ooyes it does because that $1250 is added to the 50,000 so you get paid more

in ten years you added $12,500 so now you have $62500 paid 2.5% that 625 X $25 $15,625

but you aint making a living with that type of income you neeed 100's of thousands maybe retire then

but i stick with dividend paying stocks listed on SEC for huge cash every month

like buy 1 each month 5 months in row get paid thousands every month

lets start with one that you buy in with $200 it's new but you got in cheap $200 bought you 100 shares

at .20 cents per share it goes off and in 3 months you are up to 1.50 per share and climbs every month up to earning you $15 per share then omg after a year $150 per share $15000.00 every 3 months

so you have 5 of them all same level 15 X 5 $75,000 thats every 5 months = 2.4 X $180,000 per year hi millionaire

thats my plan in works right

[RangeFinder]

Right now today's gap and crap is brought to you by the Trick, Trap, Fool, and Fuk you sideways crew. Its a shake out operation until they start closing hourly candles below $380 on the SPY. If it gets below $380, I'll switch and be in the below $365 camp too, but until then, I think this is just a test run and a weak hand shake out.

I hear ya. It's been a strange last 6 month's. I think there are so many macro conditions that are going to continue to hold markets in check. One of them being the idiot in the WH. The other the Fed. It's hard to get people invest when we have the powers to be that hate to see people prosper. This is going to be one long summer for traders.

[Slurry Pumper]

I just hate it when the SPY creeps on down to right where my line in the sand is before just closing. As I mentioned a few days ago, I sold a little bit of those SPY calls when it broke $385, then before the end of the day right before the close I had to sell half of what I have left because it was a gap and crap day with an outside bar. Tomorrow the SPY is still above the $380 spot so it can turn right the F around and get going up. If that happens above $385 again is the spot where it can be considered a real rescue operation. If they gap down tomorrow, it could still bounce as long as the price doesn't go below $378.50 on hourly candle closes (10:30,11:30,etc...), and that would probably catch both short players and long players so it would be a nasty trick trap fool and Fuk you sideways move. So the IWM is a key indicator to look at tomorrow. Getting candles below the low on Friday at $171ish is a clue that it isn't a trap and lower low is in the cards.

[RangeFinder]

GDP number will tell us where we're going. Futures trading up but that's the gamblers speculating. I think the number comes at the estimate of -1.5 which is priced in the markets already. I also think it will give traders a reason to rally the market into Friday with sellers coming in the last hour on Friday. We'll see. if the number misses, God help us.

[Slurry Pumper]

GDP number will tell us where we're going. Futures trading up but that's the gamblers speculating. I think the number comes at the estimate of -1.5 which is priced in the markets already. I also think it will give traders a reason to rally the market into Friday with sellers coming in the last hour on Friday. We'll see. if the number misses, God help us.

More bullish than I am, but it doesn't look like the markets are excited about it so far.

[RangeFinder]

More bullish than I am, but it doesn't look like the markets are excited about it so far.

Yea, the number missed. Get your Puts in at the open. This is going to be one ugly summer.

[RangeFinder]

Looks like the futures are trying to shake off the bad news, but I don't think it will last long. There will be earnings estimates being revised on many companies, and that will kill the bulls desperate rally. Bulls are running out of ammo. I do admire their grit though, lol.