Discussion ***Official*** 2022 Stock Market Thread

[Red Squirrel]

AMC just bought a mine. lol.

MSN

 

[AdamK47]

Oil plunging as fast as it rose. It was the traders all along, there was no shortage.

There were genuine concerns over supply by removing Russia from the equation. Fortunately, other players have stepped in and stepped up their output. This may prove to Russia that the rest of the world really doesn't need them.

 

[dullard]

AMC just bought a mine. lol.

MSN

When I think of companies that recently lost 78% of their stock price, I always think the best solution must be for them to buy penny stocks in failing companies that have nothing to do with their core business. It is common sense right?

I was waiting for AMC and GME to both lose 50% of their market share YTD before posting here. But seems like they wanted to do anything they could to cut that narrative off.

 

[Train]

There were genuine concerns over supply by removing Russia from the equation. Fortunately, other players have stepped in and stepped up their output. This may prove to Russia that the rest of the world really doesn't need them.

But it's way more fun to shout "conspiracy!".

 

[KB]

There were genuine concerns over supply by removing Russia from the equation. Fortunately, other players have stepped in and stepped up their output. This may prove to Russia that the rest of the world really doesn't need them.

Venezuela and Iran haven't added anything yet, most US suppliers have said they aren't adding either. So if any of them do, here comes $40 oil again?

 

[AdamK47]

Venezuela and Iran haven't added anything yet, most US suppliers have said they aren't adding either. So if any of them do, here comes $40 oil again?

The UAE's message to OPEC to increase output is the reason for the recent sharp decline in price.

 

[dullard]

most US suppliers have said they aren't adding either.

It is really hard for US suppliers to add oil. So many of the smaller companies went bust a couple years back when the price of oil briefly went negative. Of those who survived, there isn't much extra labor around and no materials even if labor could be found. Things like frac sand are really hard to buy right now. Even the computer chips to control the drilling are in short supply.

 

[jpiniero]

Venezuela and Iran haven't added anything yet, most US suppliers have said they aren't adding either. So if any of them do, here comes $40 oil again?

It shouldn't drop any further (to about where it was before the invasion) unless the Fed gets serious about raising rates. It'll go back up in Summer, especially if people finally go back to the office by then.

 

[jpiniero]

Tomorrow's the big day! Could see a huge rally if there is no hike.

 

[FelixDeCat]

Tomorrow's the big day! Could see a huge rally if there is no hike.

You know what runaway inflation does to an economy besides ruin it?

Right now, the house is on fire. Everything is not fine, central banks all over the world are raising rates and selling bonds. We have to do the same.

We need to get up to a 2% target rate on Fed funds, which would mean 7 consecutive .25% rate increases.

 

[FelixDeCat]

AMC just bought a mine. lol.

MSN

This is sheer madness.

 

[FelixDeCat]

It is really hard for US suppliers to add oil. So many of the smaller companies went bust a couple years back when the price of oil briefly went negative. Of those who survived, there isn't much extra labor around and no materials even if labor could be found. Things like frac sand are really hard to buy right now. Even the computer chips to control the drilling are in short supply.

I heard it takes about 12 to 18 months or more to bring major capacity online today.

 

[brianmanahan]

This is sheer madness.

it sure is entertaining though

even more than the last movie i watched at an AMC theater like 10 years ago

 

[AdamK47]

A shift that large by AMC says a lot about what they think about their core business and the future for their industry.

 

[AdamK47]

25 point rate hike just as every fair minded person expected.

6 more rate hikes in this year alone.

Fed thinks they can bring inflation down to 4.3% by the end of the year.

 

[Saylick]

AMC just bought a mine. lol.

MSN

AMC might as well rebrand itself to Aurum Mining Company at this point.

 

[AdamK47]

Powell concedes that unemployment will go up.

 

[AdamK47]

My buys early Tuesday have done well so far.

 

[biostud]

My buys early Tuesday have done well so far.

It is a rollercoaster, that is for sure.

 

[Lost_in_the_HTTP]

S&P's had a couple of decent days, but is still down 400 from the high. Will it get back there 'soon'?

 

[ultimatebob]

AMC might as well rebrand itself to Aurum Mining Company at this point.

They went all in on Dogecoin as well. This is what happens when you let /r/wallstreetbets run a company!

 

[FelixDeCat]

The markets have gone up way too far and way too fast for my liking....as if they wont go back down again.

Or will they?

 

[Lost_in_the_HTTP]

This up 50, down 50, up 50, down 50, up 50, down 50 stuff is like watching a tennis match. Makes your neck stiff but doesn't get you anywhere.

 

[ultimatebob]

Crypto seems to have rebounded as well. Good for the planet incinerating Ponzi grifters, I guess.

 

[FelixDeCat]

Weed stocks on 🔥 after news of House vote next week.