irvinebullhousing
Well-known member
Loosing 8 % of buying power to 80 % of crash in the stonks is not a bad idea. Look out below. The beating will continue until the FED see a little less inflation. More like 7.9% and they will declare victory.
Dow?
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
How dare you post this!!!
Recessions is a chance to clear out dead woods.
Trump force the FED to stop raising rate and called Powell enemy of the American people and threat to fire him for doing the right thing.
J Powell got bullied by Trump.
If you know economic, then you should not be cheering for his actions. Trump was elected with on the promise of reduce trade deficit and trade war started under him to put higher cost to the American people. In the end none of the elected do any good. Orange man not any better.
Here we are in another cycle, don?t blame anyone. Just have to front run and be slightly ahead of the cycle.
Seen em come and seen em go?..
Robinhood cutting about 23% of jobs, releases second quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.
The company also dropped its earnings report for the second quarter, which showed a decline in monthly active users and assets under custody.
https://www.cnbc.com/2022/08/02/robinhood-cutting-about-23percent-of-jobs.html?
Lots of stocks look really nice with a rounded bottom but market was here and 7 days later we were at the recent bottom.
Took my profits today in my dexcom trade. It's really pretty expensive and I don't want to get caught in a sell the news on tandem and podd/ or general market pull back. Could suddenly find itself in the 60's in a couple weeks or even sooner and I just didn't want to see a great gain evaporate. If it runs higher without me, oops.
I bought a some AMD April 2023 $120 calls back in January when it was around $130. It tanked since and I've adding a crap load more to average down to $8.7 average. It finally recovered to the point I was making money on Monday. Set to sell at $9.3, but it would trigger. I mean, I set all or nothing on 200 calls, so... ;D Anyway, I was lucky that AMD made another run yesterday before earnings, and I got out at $10. Earned an extra $14k because it didn't trigger on Monday. ;D
My daughter is NOT getting laid off and neither is her hubby. They can't even find enough certified teachers so they had to allow teachers going to school to be hired. Still...... she had my other two daughters are absolutely positive a recession is coming and they have to not spend NOW because of it. They graduated from college right after the last recession.
Going to keep my eye on Nkla. Even though I was warned by black knight they are a scam company (they got rid of the problem person long ago). Just delivered 48 semi EVs this quarter. They were constrained on getting more out because of a battery supply issue. On a pull back, I might buy this one as a longer term play.
irvinebullhousing
Well-known member
The FED hands are handcuffs. Even if they want to slow down the hike, they can?t at the 8.6 CPI prints. What they should have done and should do now is go fast and hard. Let it burn and let the recovery take over sooner when we at the bottom rather than these drag out, slow ass pain -> more pain -> greater pains and have the economy still very sick at the slow pace.
Why are tax payers pay for these idiots at the FED helms. The mistakes was they are late last year. Last year is the hold out mistakes. So this year is the double mistakes. Gas will hit 10 dollars at this pace.
Why are tax payers pay for these idiots at the FED helms. The mistakes was they are late last year. Last year is the hold out mistakes. So this year is the double mistakes. Gas will hit 10 dollars at this pace.
irvinehomeowner
Well-known member
freedomcm said:
How dare you post this!!!
morekaos
Well-known member
I will re-post this...
morekaos said:Oh My... ;D ;D >
Trump says stock markets will crash if he loses election...February 25, 2020
https://news.yahoo.com/trump-says-stock-markets-crash-103731552.html
Trump Predicts What Will Happen to Gas Prices, And It Sounds Horrifying...October 31, 2021
?Gas prices are going up at a far more rapid rate than anybody?s seen in a long time. We had gas prices very low, and yet we had more energy jobs than we?ve ever had,? said Trump, speaking at a time when the average price of gas was $2.879 per gallon.
?[T]hey will be going up by $1, $2, $3, if you look at that, and it?s bigger than a tax increase to the consumer,? he said
https://www.westernjournal.com/trump-predicts-will-happen-gas-prices-sounds-horrifying/
Trump claims Biden win would cause depression despite economists' forecast..OCTOBER 14, 2020 .
"The policies of the left would unleash an economic disaster of epic proportions," Mr. Trump said, claiming that a Democratic win would lead to sharply higher taxes and "destroy our country."
https://www.cbsnews.com/news/trump-economic-club-new-york-recovery-jobs/
irvinebullhousing
Well-known member
morekaos said:I will re-post this...
morekaos said:Oh My... ;D ;D >
Trump says stock markets will crash if he loses election...February 25, 2020
https://news.yahoo.com/trump-says-stock-markets-crash-103731552.html
Trump Predicts What Will Happen to Gas Prices, And It Sounds Horrifying...October 31, 2021
?Gas prices are going up at a far more rapid rate than anybody?s seen in a long time. We had gas prices very low, and yet we had more energy jobs than we?ve ever had,? said Trump, speaking at a time when the average price of gas was $2.879 per gallon.
?[T]hey will be going up by $1, $2, $3, if you look at that, and it?s bigger than a tax increase to the consumer,? he said
https://www.westernjournal.com/trump-predicts-will-happen-gas-prices-sounds-horrifying/
Trump claims Biden win would cause depression despite economists' forecast..OCTOBER 14, 2020 .
"The policies of the left would unleash an economic disaster of epic proportions," Mr. Trump said, claiming that a Democratic win would lead to sharply higher taxes and "destroy our country."
https://www.cbsnews.com/news/trump-economic-club-new-york-recovery-jobs/
Recessions is a chance to clear out dead woods.
Trump force the FED to stop raising rate and called Powell enemy of the American people and threat to fire him for doing the right thing.
J Powell got bullied by Trump.
If you know economic, then you should not be cheering for his actions. Trump was elected with on the promise of reduce trade deficit and trade war started under him to put higher cost to the American people. In the end none of the elected do any good. Orange man not any better.
Here we are in another cycle, don?t blame anyone. Just have to front run and be slightly ahead of the cycle.
morekaos
Well-known member
morekaos said:
Seen em come and seen em go?..
Robinhood cutting about 23% of jobs, releases second quarter earnings
Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.
The company also dropped its earnings report for the second quarter, which showed a decline in monthly active users and assets under custody.
https://www.cnbc.com/2022/08/02/robinhood-cutting-about-23percent-of-jobs.html?
sleepy5136
Well-known member
Wonder if 6/17 was the bottom?
Ready2Downsize
Well-known member
sleepy5136 said:
Lots of stocks look really nice with a rounded bottom but market was here and 7 days later we were at the recent bottom.
Took my profits today in my dexcom trade. It's really pretty expensive and I don't want to get caught in a sell the news on tandem and podd/ or general market pull back. Could suddenly find itself in the 60's in a couple weeks or even sooner and I just didn't want to see a great gain evaporate. If it runs higher without me, oops.
sleepy5136
Well-known member
A profit is a profit. Can?t look back hindsight and regret the decision you made before. The profit you have now can be reinvested in something else. Opportunity cost is something to factor in as well.Ready2Downsize said:
CalBears96
Well-known member
Ready2Downsize said:
I bought a some AMD April 2023 $120 calls back in January when it was around $130. It tanked since and I've adding a crap load more to average down to $8.7 average. It finally recovered to the point I was making money on Monday. Set to sell at $9.3, but it would trigger. I mean, I set all or nothing on 200 calls, so... ;D Anyway, I was lucky that AMD made another run yesterday before earnings, and I got out at $10. Earned an extra $14k because it didn't trigger on Monday. ;D
Ready2Downsize
Well-known member
So I was looking at charts again, thinking if the market tanks in a hurry, it wouldn't be hard for a lot of stocks to hit their 52 week lows pretty quickly and it could set up a sideways trading range. LOTS of money to be made on that. You know right where to buy and right where to sell.
My daughter stopped by today. Says all the other teachers say "when" the recession comes next year...... and she adds her hubby says we can't spend money till after "the recession comes and is over next year". So.......... self fullfilling prophecy there. Press has pounded it in her head and everyone she knows there is a recession coming and of course someone in that age group remembers the last one quite well.
So.................. with that mentality, people are going to refrain from buying houses (good for me......... pools are way too expensive here now. I need to get all the landscapers making competitive bids). If you've got cash (or see rates low), pick up some properties when they drop like liar loan claims they will and sell them to the main stream media followers.... that's how it always works. The rich guys and wall street always win.
My daughter stopped by today. Says all the other teachers say "when" the recession comes next year...... and she adds her hubby says we can't spend money till after "the recession comes and is over next year". So.......... self fullfilling prophecy there. Press has pounded it in her head and everyone she knows there is a recession coming and of course someone in that age group remembers the last one quite well.
So.................. with that mentality, people are going to refrain from buying houses (good for me......... pools are way too expensive here now. I need to get all the landscapers making competitive bids). If you've got cash (or see rates low), pick up some properties when they drop like liar loan claims they will and sell them to the main stream media followers.... that's how it always works. The rich guys and wall street always win.
qwerty
Well-known member
I have always thought that recessions are somewhat self fulfilling prophecies as well. Like you said, the headlines put in everyone?s head and before you know it companies slow hiring and cut spending and/or do layoffs and that validates the consumers view that a recession is coming and then low and behold we are in a recession.
Ready2Downsize
Well-known member
qwerty said:
My daughter is NOT getting laid off and neither is her hubby. They can't even find enough certified teachers so they had to allow teachers going to school to be hired. Still...... she had my other two daughters are absolutely positive a recession is coming and they have to not spend NOW because of it. They graduated from college right after the last recession.
Going to keep my eye on Nkla. Even though I was warned by black knight they are a scam company (they got rid of the problem person long ago). Just delivered 48 semi EVs this quarter. They were constrained on getting more out because of a battery supply issue. On a pull back, I might buy this one as a longer term play.
sleepy5136
Well-known member
based on the economic definition of a recession, we are already in one last quarter 
morekaos
Well-known member
AMC is meeting its maker along with all the Amateur believers who chose “poorly”Well at least they can laugh.... ;D ;D >
'I'm down so much money. I'm just gonna get high': Reddit traders lament losses as meme stocks like GameStop are decimated and Bitcoin enters a 'crypto winter' in brutal sell-off
Traders in Reddit's WallStreetBets forum are enduring a winter of despair
Meme stocks like GameStop have plunged amid recent market volatility
Bear sentiment has gripped the trading forum as users tally their losses
Meanwhile crypto traders have watched in horror as Bitcoin halved from its peak
https://www.dailymail.co.uk/news/ar...sses-meme-stocks-like-GameStop-decimated.html