Stock of the Day
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- 643 Responses
- nb0
Holy wtf
Fidelity has a Metaverse ETF
https://screener.fidelity.com/ft…
What a ridiculous time to be alive!
- LolGnash
- https://s.wsj.net/pu…sted
- Current Net Assets:
8,240,431.54
few fb and aaaaapl, rest is in all sorts of shits from hong-kong through vienna to boston.
lol@the $1k worth foreign currencysted - gambling with your grampa's pension...grafician
- grafician-5
"Day Trader Army Loses All the Money It Made in Meme-Stock Era"
"Nursing losses in 2022 that are worse than the rest of the market’s, amateur investors who jumped in when the lockdown began have now given back all of their once-prodigious gains, according to an estimate by Morgan Stanley. The calculation is based on trades placed by new entrants since the start of 2020 and uses exchange and public price-feed data to tally overall profits and losses.
A craze born of the coronavirus outbreak and nurtured by Federal Reserve largesse is being laid low by a villain of identical lineage, inflation, which global central banks are racing to combat by raising the same interest rates they cut. The result has been a lumbering bear market in speculative companies that surged when the stimulus started flowing in March 2020.
“A lot of these guys started trading right around Covid so their only investing experience was the wacked-out, Fed-fueled market,” said Matthew Tuttle, chief executive officer at Tuttle Capital Management LLC. “That all changed with the Fed pivot in November, but they didn’t realize that because they have never seen a market that wasn’t supported by the Fed,” he said. “The results have been horrific.”"
- doggydoggdog2
Stocks aren't doing well
- Yup, hopefully people sold enough to have a lot of cash on hand. It's going down from here.formed
- There is always eventually a rebound.monospaced
- i think bonds are a buy again though! go bonds and then switch back to stocks in 3-6 months when the selling is over.sarahfailin
- only cash
no stocks rngrafician - annual inflation rate around 2% rn so manageable
holding tech stocks rn is hellgrafician - but trade commodities if you're into that, largest returns, even dailygrafician
- buy $ sell euro and jpy
the usual stuff
again largest returns, even dailygrafician - thnks for the updatemilfhunter
- lolmonospaced
- @mono where's my 10%grafician
- lol wut?monospaced
- grafician-2
Recession?
- sarahfailin0
bonds have been moving up whether or not stocks are. there's still a ton of downside on the overvalued tech stocks (i'm expecting nasdaq to hit 9k or lower)
institutional investors have begun pulling out of markets, but retail investors are still foolishly buying the dip (GME rallied more than 20% yesterday AND this morning). retail investors are usually the last idiots to realize the party is over.
don't buy back in til gamestop is below $25. My target for nasdaq is about 9000.
- sarahfailin1
(continued, I guess)
Meme stocks should be the canaries in the coal mine of this market. When those puppies are finally dead, then you'll know this market has come back to regular prices.
Although the tech stocks have fallen quite a lot, they have a ways to go before their price to earnings is close to market average. Market **average** historically is around 16x price to earnings. Tesla is still about 150x, Nvidia is 60x, Amazon 78x, Apple 28x, and Nasdaq as a whole 25x.
About 16x is the PE *average* so half the time, it's actually less than that. Even if we only return to that average and don't go below it, Nasdaq needs to lose a little less than *half* its value (target would be ~7300).
In the dot-com crash of 2001, Nasdaq lost 90% of its value from the all time high. That was a mild recession.
POINT BEING, it's not crazy to think that this can and will happen, and calling the bottom of IXIC's decline at 9000 is pretty bullish, in my bearish opinion.
- there are a lot less companies around, something around 3K for all these indexes, mostly high growth
when the growth can't be sustained, the markets crashgrafician - expect again another halving of the companies list too (thru closing down, restructuring, etc.)grafician
- stay in cash for the time beinggrafician
- When do tech stocks have the same PE as P&G? 2001 There were no earnings. Nasdaq at 10k would be as far as I would go, MSFT, etc., are making fists of cash.formed
- Was 2001 really a mild recession?CyBrainX
- there are a lot less companies around, something around 3K for all these indexes, mostly high growth
- shapesalad0
Buy - for USA Treasury bonds:
- grafician-4
if you're not long USD rn wtf are you even doing?
- hard to wrap your brain around long USD if you actually look at USD, but makes sense only when you look at everything else.shapesalad
- grafician-2
"S&P 500 sinks 3.9%, closing in 'bear market'"
Here we go
- doggydoggdog-1
I’m surprised to see the markets rebounding the last couple days given the gloomy economic outlook. Is there anything obvious i’m missing that lead to this?
- it’s a simple “buy low” strategymonospaced
- Bear market bounce. They'll keep happening and getting more and more violent. It's 'normal' as we seek a real bottom.formed
- Which is a ways away. The real economic data is just starting to look bad. We've got a lot coming and it ain't good.formed
- THere's something about the demographics at play, it's the opposite of 1970s: lots of young people, not many old, not much capital.shapesalad
- Now we have few young, many old, and too much capital needing to find a home.shapesalad
- grafician-6
- Still got a ways to go downformed
- YTD worst performance since the 1970'sgrafician
- the communists are taking overuan
- Crypto will save us... oh wait, erm...shapesalad
- Getting cheaper by the day. Where's the floor?aliastime
- Nasdaq will bounce up at 10k, but keep going down to 9k or lower. when Gamestop is back below $20, you can buy back in.sarahfailin
- Bounce based on what? Hopium?grafician
- grafician-3
- yep, we've had a 10 year bull run, it needed to be trimmed.shapesalad
- At least a few more hundred going down in the S&P. We've got a ways to go. Bad news has barely started. Crypto will go down the hardest/fastest.formed
- grafician-4
- In many cases here, they haven’t erased 2021 gains, thank goodness.monospaced
- There will be another leg down before they see the bottom. Earnings are going to be rough.formed
- I see -50% average compared to 2021,
no pain, no gain.sted - It will get much worse this year.NBQ00
- For you? Definitely.sted
- What did I do to you to be so bitter towards me?NBQ00
- doggydoggdog-1
I just started a new 401k and put my money in a retirement one which is probably really conservative.
Should I switch it to bonds or something to take advantage of the impending crash and high interest or do I just forget about it for 20 years and it doesn't matter in the short term anyways?
- grafician-2
^
- doggydoggdog-1
Costco?
