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

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Lost_in_the_HTTP

Lost_in_the_HTTP

Lifer
Nov 17, 2019
13,298
7,878
136
Look at the 10, 20, 30 year picture, not the 6 month picture.


Will it go down some? Yeah.

Will it go up some? Yeah.

Will it go up more than it went down? Always has.

Will it go 'round in circles? Uh huh.

Will it fly high like a bird up in the sky??
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
143
106
So I got all geared up for Monday (today) but the major indexes didn't seem to change much if at all from Friday. And nothing was changing in prices. Sorry if that's socially ignorant and a bit insensitive. I'm just joking around and I respect what the holiday is for. But I had forgot or didn't realize it was a federal holiday until I noticed prices weren't moving as I mentioned above.

I guess I was looking forward to the July 4th holiday. And in my normal mode of thinking there's the Memorial Day holiday for the US stock markets. And the markets' holiday after that is July 4th. The way it was for many years. Memorial Day, July 4th. Memorial Day, July 4th. Then oh it looks like they added another one in between.
 
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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,999
2,680
126
PlanetJosh said:
So I got all geared up for Monday (today) but the major indexes didn't seem to change much if at all from Friday. And nothing was changing in prices. Sorry if that's socially ignorant and a bit insensitive. I'm just joking around and I respect what the holiday is for. But I had forgot or didn't realize it was a federal holiday until I noticed prices weren't moving as I mentioned above.
Click to expand...

Yeah, they decided to take siesta today to recover from Father's day.
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
143
106
FelixDeCat said:
Yeah, they decided to take siesta today to recover from Father's day.
Click to expand...
At first I wasn't sure I got it then it occurred to me the partying, drinking and hangovers associated with it. I mean most would probably agree it's more of a drinking holiday than Mother's Day. No offense to mothers or women.

And I could turn my post more on topic like with holidays affecting the markets. Christmas rally for example. A Father's Day rally? Even a Juneteenth rally? Probably not on both counts but we'll find out tomorrow.
 
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dullard

dullard

Elite Member
May 21, 2001
26,026
4,651
126
jpiniero said:
Like Tesla? (Up 10% today so far). Pretty baffling. Crypto is rallying too..
Click to expand...
Tesla and Crypto are basically the S&P but amplified. As the S&P goes up, Tesla and Crypto tend to go up more. As the S&P goes down, Tesla and Crypto tend to go down more.

Example: S&P500 vs Bitcoin in the chart below. It isn't a perfect correlation, but they are pretty similar in the long-term.
1655905499801.png

Tesla is pretty well correlated to the S&P500, they track one another fairly well:
1655906433134.png
 
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AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,604
136
Off of opening lows as Powell gets grilled. Politicians doing their politicking.
 
AdamK47

AdamK47

Lifer
Oct 9, 1999
15,782
3,604
136
Markets were adjusting when the CPI data released.

I believe we'll see gains stay at the start of a potential mild recession as markets will be priced in for the tail end of it.
 
J

jpiniero

Lifer
Oct 1, 2010
16,819
7,259
136
dullard said:
Dead cat bounce?
Click to expand...

Pretty much but I will say that rate odds velocity has dropped. 1.5% isn't anywhere nearly high enough to get the job done so unless there's some reason to think Powell has been asked to call it off, this bounce will end soon enough like the other recent ones.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
30,999
2,680
126
jpiniero said:
Pretty much but I will say that rate odds velocity has dropped. 1.5% isn't anywhere nearly high enough to get the job done so unless there's some reason to think Powell has been asked to call it off, this bounce will end soon enough like the other recent ones.
Click to expand...

2nd quarter earnings announcements are starting very soon, and some are speculating that they might not be as bad as expected.

My prediction for the QQQ in July is $335 on the high end and $250 on the low end. Fridays close is $294. I had a 100 shares buy they got assigned from me on Friday. Might buy them back on Monday.
 
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