*sigh*The Fed Rate increases is what's causing the pain. The Tax Cuts pretty much saved the stock market crash... for now. Don't expect it to last however.
*sigh*
Fed has to increase rates to prevent runaway inflation because Tariffs increase commodity prices.
It's like half the people on this forum have zero idea how the economy works. No wonder you people thought the stock market would crash if Dems won the house.
Lmfao. Perfect example of Trump pumpers in their bubble. It was only weeks ago you were talking about a bear market, but somehow this is the best performance in years? Do you even remember what the stock market was like during Obama?
Okay, so now a "stronger dollar" is something else to worry about.
I'll add it to the so called "worry" list:
1) Rates continue to increase, Fed expected to raise rates in December. Current WSJ Prime Rate = 5.25%
2) Housing prices and demand continuing to fall
3) Oil crash signaling recession
4) Iphone sales declining, parts orders being cancelled, Apple in tailspin
5) Tariffs taking hold
6) Mexico and Brazil electing Nationalists like Trump
7) Unemployment at historical lows, GDP very strong, might need higher rates to prevent inflation
8) Stronger Dollar means higher prices for American goods overseas, meaning less sales and lower profits and stock prices - blah, blah, blah
Will any of this matter tomorrow?
Will any of this matter tomorrow?
im thinking of triple shorting oil for 2 weeks.
symbol: oild
it ran up 30% in 2 days.
too late to get in?
NVDA down 16% after hours :O
Upsa daisy.....downs a daisy....
Do you think it will be anything more than a day trading opportunity or long term SHORT?
While the overall market has been struggling for the past month, Tesla has been kicking ass. It's showing incredible strength in face of weak market. If we have Santa Claus end of the year rally, I can see Tesla hitting all time high. I can already see all the future headlines talking about how Tesla hit the $420 take private price while staying public. Still the most undervalued growth company in the entire stock market.
I have no idea, I suck at stocks. I sold it at $280 after a 50% run up which was pretty lucky. P/E is still 36 which seems pretty high, but that number seems to be ignored when it comes to tech stocks.
Always nice to book a profit. Tesla is holding remarkably strong while every other tech stocks are getting crushed but even it will eventually get dragged down if we don't get a bounce in the FAANG and the market soon. It's looking pretty ugly out there.Just sold today @ $363.
I honestly don't think they will hit $400 anytime soon. Definitely before then will be some other tweet, or someone smoking weed, or Elon calling someone a child-toucher for it to plop down to $250 again for me to buy at.
I find it odd how weed stocks are down too in all of this.
If anything, bad economic times = people more depressed = people more willing to resolve to drinking/smoking for stress relief, no?
Apple should have seen it coming. The iPhone X sold at stupid numbers. Upgrading phones has reached the point of diminishing returns where one has to skip a few versions to see noticeable improvements (unless Apple gimps the older phones ). Phones have arrived at the point where PCs were in ~2010. Doubling hardware specs doesn't improve the average user experience much.Love how people thought Apple would be immune.
As if constantly being a money-hugging piece of shit company that no longer innovates but rather simply keeps milking the same product over and over wasn't going to catch-up to them eventually.
With companies like Samsung always driving to add new features, new hardware, etc... Apple was just always playing retroactively.