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

[AdamK47]

VTSAX and chill

That's pretty much what I'm doing.

 

[FelixDeCat]

nm

 

[PlanetJosh]

The downturn in the markets the last hour of Friday's trading got me to be prepared for a big recession where I'm expecting my mutual funds and Alphabet stock to sink 50% for an indefinite length of time. At least I have cash to live on for about 5 years. That was a knee jerk reaction said in frustration and an exaggeration. Except the cash part is true.

 

[FelixDeCat]

Sell tech, buy financials like the XLF.


Banks start reporting 4th quarter numbers next week. The higher rates go, the more money they make.

 

[AdamK47]

Sell tech, buy financials like the XLF.


Banks start reporting 4th quarter numbers next week. The higher rates go, the more money they make.

Oh, now you tell us.

I could smell a sector rotation coming towards the end of December. Moved to total market.

 

[PlanetJosh]

Three banks in my stocks watchlist for a few years. But never ever bought any of them or any bank stock except in small amounts in mutual funds. Now I may not have much choice but to trade in them. Or else sit around in boredom. I don't short stocks.

 

[FelixDeCat]

Looks like they are throwing the baby out with the bathwater today.

I rewatched Margin Call (2011) again on Sunday.

"You either have to be smart or cheat, and I don't cheat. And I would like to think we have some pretty smart people around here."

 

[jpiniero]

Looks like the Taper Tantrum is on?

 

[FelixDeCat]

Looks like the Taper Tantrum is on?

For like two weeks now.

 

[Lost_in_the_HTTP]

It's come back most of the way today, who knows about the last few minutes.

 

[PlanetJosh]

I rewatched Margin Call (2011) again on Sunday.

"You either have to be smart or cheat, and I don't cheat. And I would like to think we have some pretty smart people around here."

Hope the smart people come through or else it's going to be:

"the music is about to stop".

 

[AdamK47]

I hope Mr. Powell says some nice things at his hearing tomorrow.

 

[Lost_in_the_HTTP]

It's come back most of the way today, who knows about the last few minutes.

S&P down nearly 100 this morning. Came back to within 10.

 

[FelixDeCat]

 

[jpiniero]

Looks like Powell said something which the markets really liked.

 

[Roger Wilco]

Looks like Powell said something which the markets really liked.

He said that rates will stay relatively low for the foreseeable future, or something to that effect.

 

[PlanetJosh]

He said that rates will stay relatively low for the foreseeable future, or something to that effect.

Maybe he'll continue in that vein in 3 months and 6 months "I was just talking tough, I never really intended to do anything with interest rates." /sarcasm

 

[Lost_in_the_HTTP]

S&P up 40 today, but still down 60 from the high a week or so ago.

 

[AdamK47]

Old man Powell came through today.

He good words.

VIX took a dose of valium.

 

[Lost_in_the_HTTP]

Which way today?

 

[AdamK47]

Which way today?

CPI at 7%. Not good overall, but does meet expectation. Another hurdle over with. Slight bump today.

 

[AdamK47]

An interesting thing I noticed was NASDAQ going out of the gate much higher compared to S&P. There was a sizeable selloff a little while ago. Now the NASDAQ and S&P 500 are nearly neck and neck for gains. Another sign of rotation.

 

[Lost_in_the_HTTP]

S&P up 40 today, but still down 60 from the high a week or so ago.

A little more, but still not there.

 

[ultimatebob]

This should probably go in the Tesla Model 3 thread in The Garage. The supercharger situation seems a bit better in Connecticut, though. I usually see an open charger or two when I drive by them on I95.

 

[Roger Wilco]

Anyone have uranium/nuclear stocks? It seems like the world is starting to understand that nuclear will be necessary for the transition to renewables.