Anybody Buying Yet? Where’s the Bottom?

[BigHornRam]

Vix at 24 is nothing. This is fun day, even if I'm in the red. I'd like to see some panic selling. Let's see if @Nick87 is right and the stock market doesn't matter to most Americans. I'm not so sure.

Please see my previous hundred posts on the risk of buying things that are expensive. Yesterday was about covering shorts in case polls were wrong. Today it is back to the reality that inflation is high, interest rates are probably going up, and the key economic driver - building data centers- is probably going to slow down. Zero clarity on anything right now, but people will eventually be looking for things they can buy (see BHR). Just be cautious because a lot of the stuff in tech is still expensive if things slow.

My post was sarcasm, in case you missed it. Higher interest rates is good for my strategy right now. So is it for those wanting lower housing prices. Tech stocks are stupid right now. They could use a good correction.

 

[SAJ-99]

My post was sarcasm, in case you missed it. Higher interest rates is good for my strategy right now. So is it for those wanting lower housing prices. Tech stocks are stupid right now. They could use a good correction.

Yeah I missed it. What new?

 

[Nick87]

Vix at 24 is nothing. This is fun day, even if I'm in the red. I'd like to see some panic selling. Let's see if @Nick87 is right and the stock market doesn't matter to most Americans. I'm not so sure.

I wouldn't say it doesn't matter I guess as it affects everybody. It's just the last thing on most people's mind who are just trying to put dinner on the table. Even though it does effect them indirectly. I should have worded it differently I guess.

 

[Mallardsx2]

OUCH.




I buy in another $1,000 tomorrow though so I guess I'll dry some of my tears and watch it balance itself out.

 

[Treeshark]

I think I lost more money today than any other day in my life.

Also just bought more than any other day in my life. Mostly coincidence, but seemed like a good afternoon to go full-send.

Hope that wasn’t dumb.

 

[NDGuy]

That was a nasty daily candle, more downside coming IMO

 

[SAJ-99]

That was a nasty daily candle, more downside coming IMO

It's certainly going to stand out on my charts for a while. I can't find a legit reason why. Someone get a margin call? I suspect we will find out in a few weeks. I look forward to potentially buying good companies a reasonable price.