BigHornRam
Well-known member
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.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
- Start date
SAJ-99
Well-known member
Yeah I missed it. What new?
Nick87
Well-known member
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
Well-known member
- Joined
- Apr 4, 2015
- Messages
- 3,746
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.
I buy in another $1,000 tomorrow though so I guess I'll dry some of my tears and watch it balance itself out.
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.
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.
Last edited:
NDGuy
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- Apr 26, 2018
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- 2,535
That was a nasty daily candle, more downside coming IMO
SAJ-99
Well-known member
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.
NDGuy
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I think rhetoric from new dem leadership about trying to slow down and regulate AI didn't help, even if it should be done.
Seriously?
SAJ-99
Well-known member
Yes. What are you thinking, the Dems win? Please. Half the posts here say both sides are the same so who is rushing to sell stocks down 4% in a day, particularly when the previous day they bid them up with enthusiasm. You think investors finally found religion on valuations? Fear of new regulations? Dems aren’t going to tell union members (working class Americans) their work is going to slow THAT much. These data centers will get built, just going to cost the tech bros a little more.
I open to other ideas as long as they are realistic, but I’m sticking with Investors are highly levered and some big player got caught with their pants around their ankles and it caused a cascade of selling. Time will tell.
BigHornRam
Well-known member
Some big players decided it was a good time to take profits, is my thought.
BigHornRam
Well-known member
If I owned any of these stocks, this would make me want to sell them right now, at their current inflated price.
Democratic Congress Could Mean Investigations For Tech Giants, Health Insurance Companies And More—What To Know https://share.google/LBX5GFFkD1pCKggpl
Democratic Congress Could Mean Investigations For Tech Giants, Health Insurance Companies And More—What To Know https://share.google/LBX5GFFkD1pCKggpl
SAJ-99
Well-known member
well, never underestimate the stupidity of politicians, but Health Care Insurance cos? I think the author is reaching a little.
BigHornRam
Well-known member
Are you paying attention to what is happening in France? Some of that will be coming to big US cities in the near future, IMO.
This is not a political debate... But you just saw a party win that elected people who openly hate capitalism. The majority of the money in the market is held by people over 55 years old. Mass majority of them over 55 see Socialism as disgusting and far different than the woman and young voters. They are not going to think a party that has people elected that hate capitalism will help company profits including, oil , energy, and tech while opposing data centers on the tech side. I am over 60 and I sold more in stock the day after the election than most people under 40 have in total in their portfolio. I don't care if it rebounds or not, I'm at the age where I see moving into bonds, treasuries and and dividends is best for me and riding into the sunset. Any financial advisor should see how older people view a future of companies if people who hate capitalism can have an effect. This isn't a prediction of what the market will do going forward, i care far less at my age being less invested, it's just letting you know how many seniors view politics and what effects were driving the selloff. You can argue I'm wrong, but I'm not because I'm one that sold and I'm definitely not the only one.
Not to mention how many people openly support Luigi Mangione and would like to see him released. We are living in an era where "justifiable" violence is supported and celebrated by way, way too many people.
BigHornRam
Well-known member
Kind of hard for business to thrive under this kind of social unrest.
France strikes: largest day of protests in years as economy fuels unrest | CNN https://share.google/OLbFp4mXIvDeW2XUv
France strikes: largest day of protests in years as economy fuels unrest | CNN https://share.google/OLbFp4mXIvDeW2XUv
El Jason
Well-known member
Without question and across the board.
Since 1946, 18 of 20 midterms have been lost by the sitting presidents party. This is nothing new except the change is “Yuge” this time. Gridlock is our friend. I expect nothing material to happen in the next two years except vacating some of the president’s aggressive actions. No comments on local party changes.
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