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

[AdamK47]

It'll be interesting to see how things shake out at the close.

 

[jpiniero]

It'll be interesting to see how things shake out at the close.

There should be some volatility until they stop hiking. Although I could see some relief that they aren't going even faster.

 

[jpiniero]

Ooh, Powell said triple hikes not something they want to do. Kind of need to, otherwise it's going to take too long to get high enough.

 

[ultimatebob]

Sell the rumor, buy the news?

Anyway, my DAAAT (Datadog, Apple, AMD, Amazon, and Tesla) stocks seem to be rebounding nicely.

DAAAT isn't very catchy, though. I think that I need to add a couple of tech stocks that start with an S, so I can say that I have the DAATASS portfolio

 

[AdamK47]

Sell the rumor, buy the news?

Anyway, my DAAAT (Datadog, Apple, AMD, Amazon, and Tesla) stocks seem to be rebounding nicely.

DAAAT isn't very catchy, though. I think that I need to add a couple of tech stocks that start with an S, so I can say that I have the DAATASS portfolio

The big S to get is Salesforce.

 

[FelixDeCat]

I like Pets.com, Enron and Lehman Brothers.

 

[AdamK47]

I like Pets.com, Enron and Lehman Brothers.

Always the optimist.

 

[snoopy7548]

I like turtles.

 

[FelixDeCat]

I like turtles.

Turtles are a better investment than the stock market right now.

 

[Red Squirrel]

Victoria Gold slowly going back up. Going to chance it and leave it in there longer see if it goes back up to what it was months ago. Either way I'm in the green so smart thing might be to sell. Still end up with around 3k cash (a few hundred profit) so I can put that on the credit line. Getting out of individual stocks and focusing more on paying debt and putting some money towards my off grid property, a bit of a different kind of investment. At some point I do want to sit down with a financial advisor at my bank to look into GICs or ETFs or stuff of that nature though. I do need to start investing more seriously, the stocks were mostly just for fun but I didn't know what I was doing for the most part.

 

[jpiniero]

Hmm, favorite next time is still triple hike... despite what Powell said.

 

[FelixDeCat]

I told you guys to sell.⛔️

 

[FelixDeCat]

Is it the 100th anniversary of 1929 yet? QQQ is headed for more than 25% off 52 week high.

 

[ultimatebob]

Is it the 100th anniversary of 1929 yet? QQQ is headed for more than 25% off 52 week high.

This is a panic sell.... it will quickly rebound. If anything, this is a buying opportunity.

 

[FelixDeCat]

This is a panic sell.... it will quickly rebound. If anything, this is a buying opportunity.

So you disagree that we were in a cheap Fed money and government spending bubble? A bubble the Fed is working hard to pop? I've lived through 3.

Sure you can take a bite here on a pullback if you are averaging in over the long term.

But unless you want to fight the Fed until December or January, I think there is still a long way to go.

 

[AdamK47]

I have one major recent buy that remains in positive territory.

 

[jpiniero]

So you disagree that we were in a cheap Fed money and government spending bubble? A bubble the Fed is working hard to pop? I've lived through 3.

Working hard, no. Slow playing, maybe. Now the timing might be in flux.

 

[Charmonium]

 

[Charmonium]

So you disagree that we were in a cheap Fed money and government spending bubble? A bubble the Fed is working hard to pop? I've lived through 3.

Sure you can take a bite here on a pullback if you are averaging in over the long term.

But unless you want to fight the Fed until December or January, I think there is still a long way to go.

There was always the danger that all of the covid $ would cause some level of inflation, but what I'm hearing is that the main culprit is the global supply chain + just in time production. Inventory? Surplus? What are these words?

Take wheat. Ukraine is a major exporter. You could say the future of those crops are "uncertain." What does the market hate?

Or India. They're thinking of banning exports to insure their own people don't go hungry.

Now China is on the couch in the "vapors" room because why? Zero covid policy. Come on C, this isn't the plague in the middle ages. There are these things called "vaccines." Even if they'd rather not pay for them, there's this other thing called pirating.

edit: I really didn't intend that to be as 'stream of consciousness' as it was. Apologies.

 

[jpiniero]

There was always the danger that all of the covid $ would cause some level of inflation, but what I'm hearing is that the main culprit is the global supply chain + just in time production. Inventory? Surplus? What are these words?

It's just as simple as without the money printer, why should stocks rise (or not decline when you look at it...) when they are still 40% above the pre-covid levels?

 

[repoman0]

I have one major recent buy that remains in positive territory.

The R8?

 

[Charmonium]

It's just as simple as without the money printer, why should stocks rise (or not decline when you look at it...) when they are still 40% above the pre-covid levels?

I think we might need to put a pin in that 40% stat until we do the BDA (bomb damage assessment - you know, I've learned more about Ukrainian geography that I probably ever have about the US).

As for why, I could only guess. The market fancies itself as a prognosticator of the economy looking out 6 to 18 months. But it HAS been known to get things massively wrong.

 

[ultimatebob]

There was always the danger that all of the covid $ would cause some level of inflation, but what I'm hearing is that the main culprit is the global supply chain + just in time production. Inventory? Surplus? What are these words?

Take wheat. Ukraine is a major exporter. You could say the future of those crops are "uncertain." What does the market hate?

Or India. They're thinking of banning exports to insure their own people don't go hungry.

Now China is on the couch in the "vapors" room because why? Zero covid policy. Come on C, this isn't the plague in the middle ages. There are these things called "vaccines." Even if they'd rather not pay for them, there's this other thing called pirating.

Sounds like their shitty Chinese vaccine doesn't work on the Omicron variant all that well.

I guess that they didn't plan on their virus mutating when they released it from their disease lab in Wuhan

 

[jpiniero]

I think we might need to put a pin in that 40% stat

On Feb 1, 2020, VOO was at 271. It's at 378 as I write. ATH was 436.

 

[Roger Wilco]

Is it time to load up on SPACs and GME yet?