Stock Thread (15 Viewers)

[dancingbones]

The secretary of the commerce saying we should abandon the decades old standard of how we have calculated GDP & start tweaking our numbers to mask effects of disastrous economic policies may also play a hand here.

Lutnick Remarks on Removing Government Spending in GDP Data Raises Fears

Howard Lutnick, the commerce secretary, suggested government spending should be excluded from data about U.S. economic output.

www.nytimes.com

 

[Capella]

Do you really think it's not a possibility at this point? This isn't meant to be political but our President literally put that possibility of WWIII out there multiple times on live television, so it seems hard to just totally ignore that possibility.

It’s not 0 for sure but I’d think it’s pretty low. Maybe I’m just an optimist.

 

[ghostguy123]

Do you really think it's not a possibility at this point? This isn't meant to be political but our President literally put that possibility of WWIII out there multiple times on live television, so it seems hard to just totally ignore that possibility.

It’s not 0 for sure but I’d think it’s pretty low. Maybe I’m just an optimist.

well, the chances my house burns down is pretty low.......but I have fire insurance.
I'm HOPING this little bit of a downturn is essentially fear, plus maybe a little tariff action.
I'm gonna keep sprinkling in (my ROTH) every dip I see for now, may as well. Hoping for the best. It's somewhat play money, and assuming it wont go to zero since most of my buys were on the Todem list (all but SOXL I think).
My 403B is staying put 100% invested stock index funds. I'm not retiring any time soon, so F it.

Cheers!!!!

 

[ConstruxBoy]

Thanks to @Todem for the VRT tip. Looks like something I want to own and Morningstar just initiated coverage recently.

 

[pecorino]

and a step closer to a potential WWIII is still spooking the market.

Is this just hyperbole? Do people really think this?

I'm a person and I definitely think a global war is a real possibility. I've heard the voices telling me that I should not let the political landscape or the possibility of a world war cloud my judgment about investments, that I am supposed to stay long and just weather the storm. We don't all have to agree.

 

[Todem]

and a step closer to a potential WWIII is still spooking the market.

Is this just hyperbole? Do people really think this?

I'm a person and I definitely think a global war is a real possibility. I've heard the voices telling me that I should not let the political landscape or the possibility of a world war cloud my judgment about investments, that I am supposed to stay long and just weather the storm. We don't all have to agree.

No we absolutely do not have to.

We are all swimming at our own risk.

Good luck Pecorino.

 

[steelerfan1]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

 

[stbugs]

Nvidia now with the same forward PE as Coca Cola

Crazy, and no slow down in demand on these chips for the foreseeable future. I love @FreeBaGeL thoughts of selling puts on them to scoop up NVDA even cheaper, but I owe so much money in income taxes this year I can't be tying up my cash until after April D'OH

The semi drop has gotten as crazy as the consumer staples run up. Semi index back to where it was exactly one year ago. You’ve got KO and PG growing revenue at 2% with a 24 forward PE. And I get where we are in the cycle and what we’re supposed to be investing in now but that’s ridiculous. Everybody is always in on the same trade.

I’m in 100% agreement with you. I love Costco, but it’s forward PE is double, yes, double Amazon’s and Microsoft. Walmart’s forward PE is 50% more than Amazon/Microsoft.

The Safe stocks have run up just as much as the tech giants (aside from NVDA) even on much lower growth numbers and the bi caps like Meta, Microsoft, Amazon and Google are spending like crazy meaning that their free cash flow/future earnings will be really rosy.

I’m still hesitant to push all my cash back in yet but the prices are looking much better. I just wish I had pushed even more into cash but c’est la vie.

 

[ghostguy123]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

I was gonna say the same thing, lol. If we hit WWIII will it matter where my money is?
Is it buy stock in the gun manufacturers time again?

On a side note, if I'm looking at this correct. The S&P is down right now like 6% off it's all time high.
Why does it feel like more than that?

 

[Ridgeback]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

I was gonna say the same thing, lol. If we hit WWIII will it matter where my money is?
Is it buy stock in the gun manufacturers time again?

On a side note, if I'm looking at this correct. The S&P is down right now like 6% off it's all time high.
Why does it feel like more than that?

Cause we're so used to the market going up, we aren't used to 'winning'.

 

[Capella]

Why does it feel like more than that?

You go to any bad stretch like this in this thread and you see the same sentiment. I will admit things seem ominous now but hopefully it doesn’t get as bad as others may think.

 

[fruity pebbles]

Why does it feel like more than that?

You go to any bad stretch like this in this thread and you see the same sentiment. I will admit things seem ominous now but hopefully it doesn’t get as bad as others may think.

Yeah. Thats why it’s so hard to get back in after selling near the top. A.ways feels like it’s just going to keep going lower

 

[Bob Sacamano]

Why does it feel like more than that?

You go to any bad stretch like this in this thread and you see the same sentiment. I will admit things seem ominous now but hopefully it doesn’t get as bad as others may think.

Yeah. Thats why it’s so hard to get back in after selling near the top. A.ways feels like it’s just going to keep going lower

People on 3-19-2020 say

 

[Bob Sacamano]

and a step closer to a potential WWIII is still spooking the market.

Is this just hyperbole? Do people really think this?

I'm a person and I definitely think a global war is a real possibility. I've heard the voices telling me that I should not let the political landscape or the possibility of a world war cloud my judgment about investments, that I am supposed to stay long and just weather the storm. We don't all have to agree.

I chuckled.

 

[fruity pebbles]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

I was gonna say the same thing, lol. If we hit WWIII will it matter where my money is?
Is it buy stock in the gun manufacturers time again?

On a side note, if I'm looking at this correct. The S&P is down right now like 6% off it's all time high.
Why does it feel like more than that?

Most are heavy into tech which is getting destroyed.

 

[Bob Sacamano]

All this talk of going to cash drove me to sell some lingering Bark.WS for $.09.

 

[Capella]

Why does it feel like more than that?

You go to any bad stretch like this in this thread and you see the same sentiment. I will admit things seem ominous now but hopefully it doesn’t get as bad as others may think.

Yeah. Thats why it’s so hard to get back in after selling near the top. A.ways feels like it’s just going to keep going lower

People on 3-19-2020 say

Yup.

 

[Dr. Octopus]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

Even the world's craziest leaders are not going to want a nuclear war - not saying it couldn't happen if some Nation was on the verge of losing badly but it's not likely to start out nuclear.

 

[ghostguy123]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

Even the world's craziest leaders are not going to want a nuclear war - not saying it couldn't happen if some Nation was on the verge of losing badly but it's not likely to start out nuclear.

Even if some president wanted to press send on a nuke........"id like to think some other higher up folks might object......

 

[fruity pebbles]

I missed it but Meta was a nice buy today at 625

 

[NajehHejan]

Been dancing with devil a little bit

Bought 1000 soxl at 20.61 at 12:53
Sold 1000 soxl at 21.64 at 2:23

A cool $1000 (5%) for 90 minutes of the cold sweats.

 

[Runkle]

and a step closer to a potential WWIII is still spooking the market.

Is this just hyperbole? Do people really think this?

In my thinking, if WW3 starts, what's the point of having dollars? We'll all be dust and the survivors will be building an economy out of rocks and potatoes. I don't think Fidelity will be there to do a password reset to get my "money" out of it if it happens.

 

[General Malaise]

My boss is a coin nerd who loves nothing more than bidding on coins at online auctions. Neat, huh?

Anyhow, he's been trying to buy 1oz US Silver Eagles that are slabbed and being auctioned off. These aren't rare, they're hold nothing of value over spot other than being mint and slabbed. They ordinarily would go for a few bucks over spot price in an auction. He's been bidding 150% on these coins and getting shut out. Insanity. These are the sort of coins that if you had them and needed to sell would fetch you roughly $31.50 (spot price of silver today). And people around the world are bidding 150-160% premiums to 'win' these.

 

[Todem]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

I was gonna say the same thing, lol. If we hit WWIII will it matter where my money is?
Is it buy stock in the gun manufacturers time again?

On a side note, if I'm looking at this correct. The S&P is down right now like 6% off it's all time high.
Why does it feel like more than that?

People always…..always have very short term memories.

 

[Ridgeback]

My boss is a coin nerd who loves nothing more than bidding on coins at online auctions. Neat, huh?

Anyhow, he's been trying to buy 1oz US Silver Eagles that are slabbed and being auctioned off. These aren't rare, they're hold nothing of value over spot other than being mint and slabbed. They ordinarily would go for a few bucks over spot price in an auction. He's been bidding 150% on these coins and getting shut out. Insanity. These are the sort of coins that if you had them and needed to sell would fetch you roughly $31.50 (spot price of silver today). And people around the world are bidding 150-160% premiums to 'win' these.

Alot of that goes on in collectibles but seeing it in metals too? Coins have always been a bit of a hybrid vehicle for collectors and those who like the metals.

 

[FreeBaGeL]

My boss is a coin nerd who loves nothing more than bidding on coins at online auctions. Neat, huh?

Anyhow, he's been trying to buy 1oz US Silver Eagles that are slabbed and being auctioned off. These aren't rare, they're hold nothing of value over spot other than being mint and slabbed. They ordinarily would go for a few bucks over spot price in an auction. He's been bidding 150% on these coins and getting shut out. Insanity. These are the sort of coins that if you had them and needed to sell would fetch you roughly $31.50 (spot price of silver today). And people around the world are bidding 150-160% premiums to 'win' these.

Why?

I mean you can log on to any of the major bullion selling websites right now and pay 5% over spot or less. What's the reason they're paying 150% on those coins?

 

[Buckna]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

I was gonna say the same thing, lol. If we hit WWIII will it matter where my money is?
Is it buy stock in the gun manufacturers time again?

On a side note, if I'm looking at this correct. The S&P is down right now like 6% off it's all time high.
Why does it feel like more than that?

Most are heavy into tech which is getting destroyed.

Yes, as you said. NASDAQ hit correction territory this morning down 10% from its high but bounced back up the rest of the day. Could be a bottom or a relief rally, who knows.

 

[ConstruxBoy]

My boss is a coin nerd who loves nothing more than bidding on coins at online auctions. Neat, huh?

Anyhow, he's been trying to buy 1oz US Silver Eagles that are slabbed and being auctioned off. These aren't rare, they're hold nothing of value over spot other than being mint and slabbed. They ordinarily would go for a few bucks over spot price in an auction. He's been bidding 150% on these coins and getting shut out. Insanity. These are the sort of coins that if you had them and needed to sell would fetch you roughly $31.50 (spot price of silver today). And people around the world are bidding 150-160% premiums to 'win' these.

The Greater Fool theory gets greater every day

 

[General Malaise]

My boss is a coin nerd who loves nothing more than bidding on coins at online auctions. Neat, huh?

Anyhow, he's been trying to buy 1oz US Silver Eagles that are slabbed and being auctioned off. These aren't rare, they're hold nothing of value over spot other than being mint and slabbed. They ordinarily would go for a few bucks over spot price in an auction. He's been bidding 150% on these coins and getting shut out. Insanity. These are the sort of coins that if you had them and needed to sell would fetch you roughly $31.50 (spot price of silver today). And people around the world are bidding 150-160% premiums to 'win' these.

Why?

I mean you can log on to any of the major bullion selling websites right now and pay 5% over spot or less. What's the reason they're paying 150% on those coins?

Other than being slabbed and graded highly, I have no idea.

 

[[icon]]

Picked up a decent slice of SQQQ on 2/13 as a hedge in my non-managed account.

Been a fun ride (+24% in ~2wks) and has damn near offset the train wreck occurring in the rest of that account.

Sold today at 34.18. Missed the top by a buck but I’ll take it. Didn’t want to hold through tonight as who knows what’s going to happen.

 

[ghostguy123]

Man, I swear the S&P was just green like 20 minutes ago...

 

[BassNBrew]

Made a nice 9% haul on VRT today. I was at 3% allocation today after the morning buy and wanted to get back under todem's 2% max position.

 

[[icon]]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

Down to my last ~200 bottles of bourbon and 20,000 rounds of ammo so I’ll be in a tight spot.

 

[steelerfan1]

granted i'm very concerned for the state of the world right now. although not versed in military knowledge, if ww3 where to indeed occur, i don't know how nukes wouldn't be involved, and if that's the case i don't think it really matters if i'm 100% cash or 100% stocks. it would be more i have coffee and booze and toilet paper and i need ammo. again, i really know nothing and may be way over simplifying it.

Down to my last ~200 bottles of bourbon and 20,000 rounds of ammo so I’ll be in a tight spot.

i've got some sanka and TP...maybe we can be friends!

 

[ConstruxBoy]

Down to my last ~200 bottles of bourbon and 20,000 rounds of ammo so I’ll be in a tight spot.

So are you inviting people over.....or not?

 

[BassNBrew]

Count on tomorrow being the end of the correction, just made some 3x Bear buys. Last time I did this I rode them to a huge loss.

 

[SFBayDuck]

Man, I swear the S&P was just green like 20 minutes ago...

Nasdaq even nuttier - down 2%, up 1.2%, closes down .4%.

It's almost like the markets can't figure out what to think, either.

 

[The_Man]

Man, I swear the S&P was just green like 20 minutes ago...

I honestly don't understand the stock market. S&P down almost 2% most of the day, climbs all the way back to green, then goes down 1.25% in the last 35 minutes of the day

 

[NajehHejan]

Count on tomorrow being the end of the correction, just made some 3x Bear buys. Last time I did this I rode them to a huge loss.

From your lips to God’s ears!

 

[BassNBrew]

Man, I swear the S&P was just green like 20 minutes ago...

I honestly don't understand the stock market. S&P down almost 2% most of the day, climbs all the way back to green, then goes down 1.25% in the last 35 minutes of the day

IMO it's just the sentiment in this thread playing out.

Poster Bear 1 - feels like WW3 coming, I'm selling

Poster Bear 2 - stagflation coming, I'm selling

Poster Techie - Nvidia forward PE less than Coke, I'm buying

Poster Pro FA - Initiating a position in ABC at these levels

Then you add in tonight's wildcard and people like me are hedging at the close.

And while this isn't a shot @Todem , there are pros sitting around that need to beat the indexes that feel like they need to be doing something during tumultuous times.

 

[ghostguy123]

Man, I swear the S&P was just green like 20 minutes ago...

I honestly don't understand the stock market. S&P down almost 2% most of the day, climbs all the way back to green, then goes down 1.25% in the last 35 minutes of the day

And while this isn't a shot @Todem , there are pros sitting around that need to beat the indexes that feel like they need to be doing something during tumultuous times.

Let the money sit in the market, and work more hours at your job, lol.
I'm AT work right now and not busy, so I've had some time to clown around.

 

[pecorino]

Man, I swear the S&P was just green like 20 minutes ago...

I think Trudeau spoke.

 

[BassNBrew]

One of the Canadian PM candidates said that if elected she would impose a 100% tariff on Teslas.

 

[ghostguy123]

One of the Canadian PM candidates said that if elected she would impose a 100% tariff on Teslas.

very anti-environment.....lol

 

[belljr]

Dow Only down about 2100 points past 30 days

 

[Klimtology]

Thinking about going ALL CASH

How long should I wait before doing so?

 

[McBokonon]

Thinking about going ALL CASH

How long should I wait before doing so?

There he is!

I'm finally getting back into the market.

Dumb?

Did I miss the wave?

Todem

Did I get back into the market at the wrong time?

I just went 2/3 in.

Is NVDA a meme stonk now?

God no.

Hot stock? Yeah. But they are proving it on the top and bottom lines and future guidance and where we are in the "AI" cycle.

There is a bubble forming....no doubt. But NVDA are the ones selling all the pick axes in the gold rush if you get my drift.

What does a bubble forming mean exactly?

TIA

I'm just getting back into the market.

Is this a bad idea?

What would you consider to be Long Term?

TIA

3- 5 years?

Is it time to get out?

I mean this in the nicest way possible - you might just want to auto-invest into index funds and never log into your account, or hire someone.

 

[Klimtology]

I've been invested for quite awhile.

 

[General Malaise]

One of the Canadian PM candidates said that if elected she would impose a 100% tariff on Teslas.

very anti-environment.....lol

BYD will become the Tesla of Canada and many other nations. And oh yeah, China HAS all the metals and materials needed in country. You know who has to import all those metals and materials? Rhymes with Messla.

 

[FreeBaGeL]

Count on tomorrow being the end of the correction, just made some 3x Bear buys. Last time I did this I rode them to a huge loss.

Thank you for your sacrifice.