Discussion ***Official*** 2023 Stock Market Thread 💰

[jpiniero]

A true US default is easily avoidable and would be like dropping a nuclear bomb on the economy.

Maybe that's the point. Crash the economy to fix "inflation"/WFH.

 

[AdamK47]

Maybe that's the point. Crash the economy to fix "inflation"/WFH.

You really have something against those working from home.

Yes, default. That will show those pesky WFH people.

 

[jpiniero]

You really have something against those working from home.

It doesn't matter what I think about WFH.

And it wouldn't be a true default. Just... long enough.

 

[FelixDeCat]

It doesn't matter what I think about WFH.

And it wouldn't be a true default. Just... long enough.

It don't come easy...Hari Krishna!

...George Harrison 👩‍❤️‍💋‍👩

 

[AdamK47]

A rally today?

Pre-market indicates yes.

 

[FelixDeCat]

I'm long Carvana at $13.

 

[Lost_in_the_HTTP]

Market says 'Ask again later'.

 

[FelixDeCat]

Market says 'Ask again later'.

As I see it, yes.

Oh wait, I mean no.


...well maybe.

 

[jpiniero]

Flat is the very heavy favorite for next time, but it's almost 50-50 for a cut in July.

I would say that the only thing that would actually make that a reality is the debt limit turning into a sheetshow but the Treasury rates are mostly declining (even the 4 week) so it doesn't seem like people are that panicked.

 

[bookem dano]

I think he was also pushing DND Dendreon stock which went bankrupt a long time ago.

The S&P is up 300% since 2010 so you not only lost a good chunk of the initial investment, you missed out on superior returns. I have my own play money to make side gambles, but everytime I look at it, I still think indexing is the best investment.

Do you remember Virnet X? https://finance.yahoo.com/quote/VHC/
I remember that was a popular stock talked about here during their patent battle with Apple. After some pops here and there its at 0.41.

Now it's up 93%

For the most part, I agree, the indexes are the more sound investment. Honestly, the amount was very small, about 20 shares so it's still not that much.

I bought nvidia in Oct. 2008 and never sold it. For a long time it wasn't doing much at all. Today, that's a different story. Had I been more active, possibly I could have put the initial investment into another worthwhile investment. Nvida didn't start taking off until 2016 but I've never sold it. Since I bought nvidia the S&P is up 325% and my nvidia is up 12,809%. At one point in 11/2021, nvidia was up 14820%. High of 326, low of 121, currently at 282.

It's all in a retirement account. I may get rid of the rmbs soon because I don't really see that going anywhere. I would have loved to be able to time nvidia and tesla, but alas, I cannot. I did throw $1000 at Tsla after the big market drop due to covid. I figured that was the only time I could knowingly time the market!

For the most part, my play funds are put into more of the blue chip/s&p 500 companies with a dabble and a small gamble every now and then.

 

[FelixDeCat]

Now it's up 93%

For the most part, I agree, the indexes are the more sound investment. Honestly, the amount was very small, about 20 shares so it's still not that much.

I bought nvidia in Oct. 2008 and never sold it. For a long time it wasn't doing much at all. Today, that's a different story. Had I been more active, possibly I could have put the initial investment into another worthwhile investment. Nvida didn't start taking off until 2016 but I've never sold it. Since I bought nvidia the S&P is up 325% and my nvidia is up 12,809%. At one point in 11/2021, nvidia was up 14820%. High of 326, low of 121, currently at 282.

It's all in a retirement account. I may get rid of the rmbs soon because I don't really see that going anywhere. I would have loved to be able to time nvidia and tesla, but alas, I cannot. I did throw $1000 at Tsla after the big market drop due to covid. I figured that was the only time I could knowingly time the market!

For the most part, my play funds are put into more of the blue chip/s&p 500 companies with a dabble and a small gamble every now and then.

You did really well!

 

[FelixDeCat]

Besides, a good financial advisor can turn $60K into $30K.

 

[Muse]

It can stay where it's at for 6 years. Then suddenly jump up 300% a few months before I retire.

And you believe in Santa Clause, I assume.

 

[AdamK47]

And you believe in Santa Clause, I assume.

I'll believe in anyone that can make that happen.

 

[bookem dano]

Besides, a good financial advisor can turn $60K into $30K.

You forgot that the advisor would still be ahead despite your downturn!

My current employer 401k is an odd one. I get a yearly statement and that's it. I have no say in the funds or how it's being managed. I have a 401k from my former employer that I like to compare. In 2020, my former 401k did quite well with my regular strategy. My current one returned about half of my other one. The active manager panicked and made lots of decisions that ultimately reduced the gains.

2022, that's a different story. I was down 18%, my current one was down 11%. I have my prior employer 401k auto re-balance every quarter. I took their aggressive model fund as an example and removed all bond funds and distributed that % to others. Typically it's done quite well. They charge me $10/month and nothing for the re balance.

 

[bookem dano]

Is anyone playing the NVIDIA ups and downs? It seems that typically I've seen it run up before earnings by quite a bit, then drop a decent amount after the earnings. I'd like to be able to use what I've been seeing with nvidia to make more educated guesses on when to get into it/sell some of it.

 

[FelixDeCat]

And you believe in Santa Clause, I assume.

Being that Santa Claus is based on St. Nicholas, everyone can believe in Santa Claus:

Saint Nicholas Day - Wikipedia

en.wikipedia.org

 

[AdamK47]

Have politicians gotten all of their pandering and postering for constituents out of their system yet?

There's still time for them to squeeze some more out of the debt ceiling debate.

 

[Lost_in_the_HTTP]

S&P briefly sniffed 4200, but just couldn't quite make it.

 

[Saylick]

Is anyone playing the NVIDIA ups and downs? It seems that typically I've seen it run up before earnings by quite a bit, then drop a decent amount after the earnings. I'd like to be able to use what I've been seeing with nvidia to make more educated guesses on when to get into it/sell some of it.

I ain't got the cajones. It's like the new Tesla stock. It runs on hype and that means fundamentals don't mean jack. If it's all based on sentiment, then any bets for or against it are simply coin flips/dice rolls. I might as well play roulette.

 

[bookem dano]

I ain't got the cajones. It's like the new Tesla stock. It runs on hype and that means fundamentals don't mean jack. If it's all based on sentiment, then any bets for or against it are simply coin flips/dice rolls. I might as well play roulette.

Yeah. My hope is it doesn't turn into Cisco circa 2000

 

[Saylick]

Yeah. My hope is it doesn't turn into Cisco circa 2000

Only time will tell. Every big tech company wanting to make inroads into AI is going to develop their in-house chip. Meta/Facebook announced today that they have an in-house chip. Is it competitive with Nvidia's latest? Definitely not, but it's a start and you can best believe they have a roadmap to eventually wean themselves off Jensen Huang's teat. No major player in the AI market wants to be sucking on it for the long-haul.

 

[JEDI]

Only time will tell. Every big tech company wanting to make inroads into AI is going to develop their in-house chip. Meta/Facebook announced today that they have an in-house chip. Is it competitive with Nvidia's latest? Definitely not, but it's a start and you can best believe they have a roadmap to eventually wean themselves off Jensen Huang's teat. No major player in the AI market wants to be sucking on it for the long-haul.

wait.. AI runs off nvidia gpu's??
dont understand

 

[Saylick]

wait.. AI runs off nvidia gpu's??
dont understand

Not sure if that's sarcasm, but I was making the point that everyone runs Nvidia hardware today, which is what's propping up the stock price. Who knows if that will remain the case in 5 to 10 years when people start developing in-house accelerators. If so, then they reduce their reliance on Nvidia GPUs which means the 1 trillion dollar TAM Nvidia claim to be chasing isn't worth as much.

 

[Lost_in_the_HTTP]

I keep saying the Marketeers are nuts .....

FACT FOCUS: Fake image of Pentagon explosion briefly sends jitters through stock market​

By PHILIP MARCELO36 minutes ago
An image of black smoke billowing next to a bureaucratic-looking building spread across social media Monday morning, with the claim that it showed an explosion near the Pentagon.
The posts sent a brief shiver through the stock market and were quickly picked up by news outlets outside the U.S., before officials jumped in to clarify that no blast actually took place and the photo was a fake.