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

[Lost_in_the_HTTP]

^^^ Why?

 

[AdamK47]

The S&P 500 dips during the entirety of his speech. Immediately rebounds right afterwards. Apparently what he didn't say was just as important. Not sure what that might be.

 

[AdamK47]

Now things are slowly trudging lower. More buying opportunities.

 

[FelixDeCat]

^^^ Why?

Inflation must die.

 

[KB]

Poor Ponyo. That was one very expensive exercise bike.

I do wonder if he has sold Peloton yet. His Tesla is keeping him happy though. Nothing seems to hit that baby, even when its hitting child mannequins.

 

[AdamK47]

Happy to see Nvidia getting punished today. The crypto mining craze has dried up. Over supply of graphics cards that both they and 3rd party suppliers were more than happy to provide to crypto miners.

 

[jpiniero]

The dumb part of Peleton is that Americans are fat as hell.

 

[FelixDeCat]

The dumb part of Peleton is that Americans are fat as hell.

Who you callin' fat, homie? That's just my emergency food reserves. 😆

 

[FelixDeCat]

Happy to see Nvidia getting punished today. The crypto mining craze has dried up. Over supply of graphics cards that both they and 3rd party suppliers were more than happy to provide to crypto miners.

Nvidia is a good long term hold. 👌

I think 10 years from now today's worries won't matter. Of course they said the same thing about Intel, but it seems Nvidia has been better run to date.

 

[AdamK47]

Nvidia is a good long term hold. 👌

I think 10 years from now today's worries won't matter. Of course they said the same thing about Intel, but it seems Nvidia has been better run to date.

I remember at the end of 2002 one of my coworkers was doing some virtual investing for a college course they were going through. They asked me what tech stock to invest in. I told them to go with Nvidia. They did. The GeForce FX was released in January 2003 and the stock dipped about 15% to 20%. They gave me some grief about it. Today the stock is about 25000% higher compared to the end of '02.

 

[KB]

Did anybody actually think Powell would start cutting rates or pausing rate increases? He said exactly what everyone expected and the market is freaking out.

 

[jpiniero]

Did anybody actually think Powell would start cutting rates

That's pretty much been the basis for this rally (that they would cut to zero soon).

 

[biostud]

Who you callin' fat, homie? That's just my emergency food reserves. 😆

Soon your going to need them

 

[Artorias]

Did anybody actually think Powell would start cutting rates or pausing rate increases? He said exactly what everyone expected and the market is freaking out.

So much for the rate being "priced in".

 

[FelixDeCat]

I remember at the end of 2002 one of my coworkers was doing some virtual investing for a college course they were going through. They asked me what tech stock to invest in. I told them to go with Nvidia. They did. The GeForce FX was released in January 2003 and the stock dipped about 15% to 20%. They gave me some grief about it. Today the stock is about 25000% higher compared to the end of '02.

I wish I knew I had thought of buying back in 2002. I was trading home lending stocks back then well before the mortgage bubble emerged by 05 and 06.

 

[FelixDeCat]

So much for the rate being "priced in".

I hears that yesterday on Thursdays market rally. They supposedly priced in a hawkish Fed, but Powell was even more so which spooked the market.

So much for moron short volatility crowd.

 

[FelixDeCat]

Where's the floor on QQQ?

 

[jpiniero]

Where's the floor on QQQ?

It's currently 32% higher than it was at the beginning of the pandemic.

It really should be like 20-30% below that if the Fed ever moved to being neutral.

 

[AdamK47]

VTI is below $200. Back to averaging down.

A long time ago a coworker likened these bear market lows to having a time machine where I can go back in time and buy at earlier prices. That stuck in my mind.

 

[jpiniero]

VTI is below $200. Back to averaging down.

A long time ago a coworker likened these bear market lows to having a time machine where I can go back in time and buy at earlier prices. That stuck in my mind.

The problem is that the market has been so outrageously pumped... since 2008 really... that even a neutral Fed means that stocks have to come down big.

You need the money printer to justify anywhere near current pricing levels. Gambling that the money printer will be turned back on is not a bad bet... but it is a bet.

 

[AdamK47]

The problem is that the market has been so outrageously pumped... since 2008 really... that even a neutral Fed means that stocks have to come down big.

You need the money printer to justify anywhere near current pricing levels. Gambling that the money printer will be turned back on is not a bad bet... but it is a bet.

Fed this fed that. Rate odd this rate odd that.

I don't have a real time machine to find the bottom.

My savings rate is 75%+. Need a place to put it. Already bought 25 shares of VTI @ $200 today. Will buy more.

 

[FelixDeCat]

Bear markets are wonderful times to average in with new money. But my main balance is out until at least October.

 

[AdamK47]

Now through September look to be a good time for me to buy in.

 

[Lost_in_the_HTTP]

Going .... going ....



U.S. News // 2 hours ago
Bed Bath & Beyond announces some 150 store closures, layoffs
Aug. 31 (UPI) -- In an attempt to revive its struggling business, Bed Bath & Beyond on Wednesday announced layoffs, store closures and a shake-up of the brands it sells.

 

[FelixDeCat]

Going .... going ....


U.S. News // 2 hours ago
Bed Bath & Beyond announces some 150 store closures, layoffs
Aug. 31 (UPI) -- In an attempt to revive its struggling business, Bed Bath & Beyond on Wednesday announced layoffs, store closures and a shake-up of the brands it sells.

They will likely survive if Apes keep the stock up after the massive dilution. Not sure how long though, but they did save AMC.