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

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AdamK47 said:
Another big thing is the reaction of the fed in light of the markets making corrections based only on that uncertainty/speculation of the rate hikes. I don't see how they can ignore what's currently going on.
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The hike odds right now for March is 93%. They are wrong but the market is acting like they are scared that a hike is actually happening.
 
Damn Microsoft down 10% on the year so far. Might just buy some more below $280 for long my long term holdings.
 
AdamK47 said:
Anything other than 100% is the definition of uncertainty.
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I suppose... but JPow isn't going to come out and say "Hey, we aren't raising rates because the Stock Market will crash". This is starting to look like The Market really believes there will be hikes, and until that changes this selloff is completely normal.
 
Not sure how everyone's single stocks are doing since this mess began Dec 28. At least that's the date I think it started when the Nasdaq began its slide down. By luck I've had only one single stock GOOG since that date and as of today including Friday's after hours it's down 12%. Too lazy atm to calc the % loss on my 4 mutual funds since 12/28. I'm 32% in cash btw.
 
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This week could be a monster bear market rally or we could continue drifting lower.

The Nasdaq 100 largest tech stocks QQQ now stand at $351.69, down from $408.71 (off 13.95% from 52 week high).

I think we either see QQQ $336, down another 5% or Powell could soothe the market and it might zoom up 8-10% percent....which the bears will use to tear it right back down....since no matter what Powell says, rates are still going up.

Companies always make the mistake of loading up on too much debt to fund dividends, buy back stock or buy overvalued companies to expand because rates are low. But when rates go up, that changes the game and now they have to de-lever just in case the economy goes south and they dont want to be caught with their panties down with too much debt and not enough wiggle room to survive.
 
jpiniero said:
Still wouldn't call it a correction until QQQ hits 300.
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Check your math.

-10% is a correction
-20% is a bear market
-30% or more is a crash

Many individual stocks that were big in the bubble like Rivian are down 50% or more right now.

As I mentioned above, the 52 week high on QQQ was $408.71.

As I type this its $340. We are beyond due for at least a tiny bounce but nothing is ever guaranteed.
 
jpiniero said:
Maybe this is Wall Street's way of bullying JPow into admitting they aren't raising rates this week instead of March.
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The Fed should have never had the market on life support this long. It's been addicted to abnormally low rates since 2008 and Covid took it to absolute zero.

The market has to take its medicine now.

It would help a bit if they temporarily banned short selling until the market stabilizes however.
 
jpiniero said:
Isn't it 5% from the open, not the previous close?
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You are right, and it's actually 7% for tier 1.

"Market-wide circuit breakers can be triggered at three thresholds measured against the previous trading day’s closing price of the SPX.
  • The Level 1 circuit breaker kicks in once the SPX drops 7% from the prior day.
  • A Level 2 circuit breaker is triggered with a 13% decline.
Level 1 and Level 2 circuit breakers can be triggered between 9:30 a.m. and 3:25 p.m. ET, and in both cases, trading is halted for 15 minutes.
  • A Level 3 circuit breaker is triggered by a 20% drop in the SPX, and trading is then halted for the rest of the trading day."
 
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