***Official*** 2019 Stock Market Thread

[FelixDeCat]

hm.. time to triple short oil, again?

I would love to see oil go back to $49 so I can put cheap gas in my car but thats my only incentive. Long term shorting anything is not as good as simply buying and holding.

 

[s0me0nesmind1]

AMD is up 10% today to about $29

Apparently people are getting hot and heavy over their new roadmap chip announcement.

 

[zinfamous]

AMD is up 10% today to about $29

Apparently people are getting hot and heavy over their new roadmap chip announcement.

yeah it's basically 2003 all over again for AMD. They essentially beat Intel in every metric now, across the board, and Intel doesn't seem to have anything to offer (that is also secure from data theft) for the next 1-2 or so years. All that remains to be seen is if Intel is again willing to spend a few $100mill to buy clients away from choosing AMD's better tech over their own.

 

[FelixDeCat]

Futures pointing downward. Looks like another down day on Wall $treet.

 

[FelixDeCat]

Down so far nearly 300. Will there be an amazing comeback?

 

[FelixDeCat]

This time its tariffs on Mexico, looks like more selling ahead. So far the QQQs have fallen from a 52 week high of 191 to 175, and it did it no time. I think we are in a correction.

edit: If the market falls too much, Kudlow will probably contradict the president later in the day tomorrow to help stabilize things....happens all the time.

 

[zinfamous]

Kudlow might be the only other person in the room dumb enough and worthy enough to challenge Trump for the Epic Dunce of the Century award.

So, don't count on it.

 

[ImpulsE69]

while my stocks gently weep.....

 

[FelixDeCat]

while my stocks gently weep.....

Mexico strikes a conciliatory tone, but the futures didnt like it so far...markets look off .50%

 

[JEDI]

Mexico strikes a conciliatory tone, but the futures didnt like it so far...markets look off .50%

I need the dow to drop to 19.9k.
come on trump, don't hold back your mouth.
let loose!

start a trade war with Germany because you got butt hurt about what the German chancellor said about you during her speech at Harvard

 

[FelixDeCat]

Crude oil still in correction mode. .... come on $49!!

I think we might have a tradable bottom tomorrow. We are overdue for a dead cat bounce in the stock market.

 

[jpiniero]

Guess we're getting a rate cut.

 

[s0me0nesmind1]

Finally sold off my AMD for $29.58 today.

I've gotten kinda antsy - because I honestly am starting to think the market altogether is in for some kind of correction.... But who knows. If I knew this shit I wouldn't be working.

 

[FelixDeCat]

Guess we're getting a rate cut.

Don't count it. There is absolutely, positively no reason to lower rates at this time. I know these days prudence is as unpopular as tax increases however it wouldn't be prudent to lower rates simply to give the market a temporary boost.

 

[FelixDeCat]

Finally sold off my AMD for $29.58 today.

I've gotten kinda antsy - because I honestly am starting to think the market altogether is in for some kind of correction.... But who knows. If I knew this shit I wouldn't be working.

You are correct, we are in need of a correction. It is healthy. There is also nothing wrong with taking a profit, just remember though its hard to call a top or bottom.

Everybody wants dessert but nobody wants to eat their brussel sprouts.

 

[s0me0nesmind1]

You are correct, we are in need of a correction. It is healthy. There is also nothing wrong with taking a profit, just remember though its hard to call a top or bottom.

Everybody wants dessert but nobody wants to eat their brussel sprouts.

Yar. The studies showed humans could beat monkeys throwing darts as far as buying - but as for selling humans lost to monkeys throwing darts.

Humans suck at letting go, makes sense.

 

[zinfamous]

Finally sold off my AMD for $29.58 today.

I've gotten kinda antsy - because I honestly am starting to think the market altogether is in for some kind of correction.... But who knows. If I knew this shit I wouldn't be working.

thanks for that. This almost guarantees that my sell order @ $35 will soon happen.

 

[zinfamous]

You are correct, we are in need of a correction. It is healthy. There is also nothing wrong with taking a profit, just remember though its hard to call a top or bottom.

Everybody wants dessert but nobody wants to eat their brussel sprouts.

I actually prefer brussel sprouts over dessert of any kind. I really don't like dessert/sweet things.

 

[jpiniero]

Don't count it. There is absolutely, positively no reason to lower rates at this time. I know these days prudence is as unpopular as tax increases however it wouldn't be prudent to lower rates simply to give the market a temporary boost.

I saw a pretty compelling argument that because governments/companies/people in general are up to their eyeballs in debt; the US "can't have a recession" because the whole thing will fall apart.

 

[KB]

Pretty bad job numbers reported by ADP. Only 27,000 jobs were added. If these numbers carry to the Fed numbers, then Friday could see a selloff. I think the trade uncertainty is really starting to weigh on companies. Unfortunately we have Trump, as Trump will stand pat on Tariffs while the economy burns.

https://www.marketwatch.com/story/a...wth-tumbles-to-a-9-year-low-in-may-2019-06-05

 

[JEDI]

Unfortunately we have Trump, as Trump will stand pat on Tariffs while the economy burns.

https://www.marketwatch.com/story/a...wth-tumbles-to-a-9-year-low-in-may-2019-06-05

I read that a majority of Trump's zealot base (however small it is nowadays) doesn't have $ in the stock market.
all they care about are illegals.

as for a selloff, YASSS!
I need Dow 19.9k!

 

[jpiniero]

Oh, and looking at the rate odds they are talking about three to four cuts between now and June 2020.

 

[zinfamous]

Oh, and looking at the rate odds they are talking about three to four cuts between now and June 2020.

ooo, auto loan refinance, here I come!

 

[JTsyo]

I don't understand the reasoning for rate cuts. Are we at risk for deflation? Hopefully the Fed doesn't see it as their job to prop up the stock market.

 

[jpiniero]

Hopefully the Fed doesn't see it as their job to prop up the stock market.

That's what happening basically.