Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[JIBBBY]

Interest rates going up, stock market going down.. Got recession?

Joe Biden and the Democrats just don't care.. They just keep on celebrating spending bills. It's mind boggling!

[milwaukee mike]

Interest rates going up, stock market going down.. Got recession?

Joe Biden and the Democrats just don't care.. They just keep on celebrating spending bills. It's mind boggling!

average rents in manhattan are now over 5k/month

average rents in the usa are now over 1300/month for a 2-bedroom

housing prices have never been more unaffordable, in the history of the country, vs household wages... and keep in mind those family wages now usually include 2 WORKERS when going back a generation or 2 almost no women were working

so a family of 4 now works 100 hrs/week to afford less of a standard of living, than that same family that worked 40 hrs/week 30 yrs ago

[JIBBBY]

average rents in manhattan are now over 5k/month

average rents in the usa are now over 1300/month for a 2-bedroom

housing prices have never been more unaffordable, in the history of the country, vs household wages... and keep in mind those family wages now usually include 2 WORKERS when going back a generation or 2 almost no women were working

so a family of 4 now works 100 hrs/week to afford less of a standard of living, than that same family that worked 40 hrs/week 30 yrs ago

Yep, and you wonder why the Blue ran liberal States are experiencing their highest numbers of homeless living on the streets today. Got a tent?

[milwaukee mike]

Yep, and you wonder why the Blue ran liberal States are experiencing their highest numbers of homeless living on the streets today. Got a tent?

sad

more people living on the street than ever

more drug addicts than ever

more suicides than ever

yet these policies that create that nonsense just continue to get more and more WOKE... keep grooming our kids into anxious, depressed weirdos that don't even fukking know what gender they are!

[d2bets]

The bear market rally this morning lasted about an hour.

[jjgold]

Lol

I love these hamburgers, trying to predict the market. It could go down forever. People are getting destroyed. We have a year left of bad times.

[milwaukee mike]

The bear market rally this morning lasted about an hour.

yeah i would keep selling every rally

i got lucky and got out of some wynn at a $10/share profit this morning (58 to 68)

otherwise it's just a total bloodbath lately... as i've said before, even gold/crypto getting crushed lately which is just burying everyone... just think of how many margin calls must be going on

[milwaukee mike]

Lol

I love these hamburgers, trying to predict the market. It could go down forever. People are getting destroyed. We have a year left of bad times.

so anyone trying to predict what's going to happen is a fool, yet you go on to predict another year of bad times in the same post?

just quit posting, it's past the point of embarassment

[Shafted69]

Sky is falling .....

[milwaukee mike]

it is time to AVERAGE DOWN on existing red positions and/or to OPEN NEW POSITIONS

RIGHT NOW

major headwinds but NO system risk.

we are only 1% from the JUNE lows and the floor was already formed.

I have done what i said above, RIGHT NOW. i did it.

disclaimer: I also did the same in the March and June Lows and here we are again so my opinion is worth less than a grain of salt.

oops

3789 s&p at post
3693 the next day 9/23
3650 today at noon

so in 2 trading days the BUY RIGHT NOW strategy is down 3.7%

at least you're not buying high and selling low... but the market can stay brutal longer than people can stay solvent

[homie1975]

oops

3789 s&p at post
3693 the next day 9/23
3650 today at noon

so in 2 trading days the BUY RIGHT NOW strategy is down 3.7%

at least you're not buying high and selling low... but the market can stay brutal longer than people can stay solvent

Mikey not to brag but i have plenty of $$$ sitting at the ready. that's why i do nibble nibble kibbles and bits.

[homie1975]

in Oct 1987, the market crashed.

the S&P 500 reached it's Oct 1987 level, 21 mos later in July 1989.

those who averaged down incrementally, were way up 21 mos later when those who did not were either in the red (from panic selling) or only back to even if they stayed put.

i am extremely happy with my decision to average down last thurs and fri

[guitarjosh]

in Oct 1987, the market crashed.

the S&P 500 reached it's Oct 1987 level, 21 mos later in July 1989.

those who averaged down incrementally, were way up 21 mos later when those who did not were either in the red (from panic selling) or only back to even if they stayed put.

i am extremely happy with my decision to average down last thurs and fri

A pretty strong bear market bounce is imminent, but we're probably heading significantly lower. I wouldn't be shocked if we saw a bear market like we had in the Nasdaq 2000-2002 for most markets and unemployment in the double digits in a year or 2.

[JIBBBY]

Sell and abandon the sinking ship while you still can and while your stocks are still worth something! The downward spiral will only continue with the rising interest rates. You don't need to be a rocket scientist to know that!

[d2bets]

A pretty strong bear market bounce is imminent, but we're probably heading significantly lower. I wouldn't be shocked if we saw a bear market like we had in the Nasdaq 2000-2002 for most markets and unemployment in the double digits in a year or 2.

Highly highly doubtful.

[d2bets]

Sell and abandon the sinking ship while you still can and while your stocks are still worth something! The downward spiral will only continue with the rising interest rates. You don't need to be a rocket scientist to know that!

Are rocket scientists wise investors?

[JIBBBY]

^ Rocket scientists are paid and have 401k's D2.. You know this...

[TheMoneyShot]

[Slurry Pumper]

I'd like to let everyone know that you can make plays that make you money when the market goes down. Don't fight the tape when things are going down you set yourself up to take advantage of that. So the sky is falling and you may be thinking to yourself where o where shall the market at least stop for a little while and bounce back for a relief rally because I forgot to short a month or so ago when Mr. Pumper told you that the up was going to stop in the big picture? Well look at the chart below and you can see that at present the SPY is right where it was in June, and right just above the 200WMA. The way I see it there are about 3 scenarios in the coming week or 2. All of these are a less than a month away type of thing so to take advantage, I would buy Calls that are out beyond the election, and take a look at the wide range so as one window is slipping away, you would need to sell that off for a small loss, and look for the next level of entry, and the next level would get a little more investment capital until either one of these scenarios hits, or you go broke and blame this Slurry Pumper for leading you down the wrong path. One of these is going to be a big winner in about a week or so's time so I'll be back to update you on how it goes.

1. The market bounces tomorrow on "Turn around Tuesday" having put in a indecisive doji style candle that is right about at the correct time for this type of a thing to happen. Tomorrow may start with a flush down to the 200WMA, and at that point I will take a small nibble while still hanging onto what I have left from the Puts I got last month until I see a close above the 376 spot. Why 376? 376 is the low for the monthly candle from a few months ago and represents a level on the monthly basis that may signal there is just a test going on of this level. A rally would then develop and we would rise from the ashes to make another higher low.
2. The Head and Shoulders play will play out and we will find the SPY down below 340 to maybe 320 if things get going bad enough. At this point the sky would be falling and I would be looking for a capitulation week to see if that would be it for now. If it were to happen we would get a relief rally off of this spot that may last another few months.
3. There is another spot at 350 which has a gap from 2 years ago when the SPY ran up to 350 got rejected a few times then did a gap over and took off to never come back until now. They may choose to fill the gap and then turn around. It would be typical market behavior. Make everyone think the SPY is giving up the 200 WMA and making a charge to the head and shoulders playout, spike through watch all the short players jump on board and then after filling the gap at 350, have a short squeeze play that would rip it back up for a while and give all the people selling in the hole a shyt sandwich to eat.

I'm in camp #3 but as always stand ready to play all scenarios to differing levels of investments.




So today's pumping term that may sound a little dirty is:

SUCTION HEAD - Its actually a little short hand for Net Positive Suction Head (NPSH). Its the measure of available fluid for the pump to intake. So when some of yous say my old lady can suck start a Harley, what your really saying is that there is enough NPSH to turn over the bike to start it.
A typical statement would be, How much Suction Head does the impeller require to ensure that there is no cavitation in the pump?

[d2bets]

I'd like to let everyone know that you can make plays that make you money when the market goes down. Don't fight the tape when things are going down you set yourself up to take advantage of that. So the sky is falling and you may be thinking to yourself where o where shall the market at least stop for a little while and bounce back for a relief rally because I forgot to short a month or so ago when Mr. Pumper told you that the up was going to stop in the big picture? Well look at the chart below and you can see that at present the SPY is right where it was in June, and right just above the 200WMA. The way I see it there are about 3 scenarios in the coming week or 2. All of these are a less than a month away type of thing so to take advantage, I would buy Calls that are out beyond the election, and take a look at the wide range so as one window is slipping away, you would need to sell that off for a small loss, and look for the next level of entry, and the next level would get a little more investment capital until either one of these scenarios hits, or you go broke and blame this Slurry Pumper for leading you down the wrong path. One of these is going to be a big winner in about a week or so's time so I'll be back to update you on how it goes.

1. The market bounces tomorrow on "Turn around Tuesday" having put in a indecisive doji style candle that is right about at the correct time for this type of a thing to happen. Tomorrow may start with a flush down to the 200WMA, and at that point I will take a small nibble while still hanging onto what I have left from the Puts I got last month until I see a close above the 376 spot. Why 376? 376 is the low for the monthly candle from a few months ago and represents a level on the monthly basis that may signal there is just a test going on of this level. A rally would then develop and we would rise from the ashes to make another higher low.
2. The Head and Shoulders play will play out and we will find the SPY down below 340 to maybe 320 if things get going bad enough. At this point the sky would be falling and I would be looking for a capitulation week to see if that would be it for now. If it were to happen we would get a relief rally off of this spot that may last another few months.
3. There is another spot at 350 which has a gap from 2 years ago when the SPY ran up to 350 got rejected a few times then did a gap over and took off to never come back until now. They may choose to fill the gap and then turn around. It would be typical market behavior. Make everyone think the SPY is giving up the 200 WMA and making a charge to the head and shoulders playout, spike through watch all the short players jump on board and then after filling the gap at 350, have a short squeeze play that would rip it back up for a while and give all the people selling in the hole a shyt sandwich to eat.

I'm in camp #3 but as always stand ready to play all scenarios to differing levels of investments.




So today's pumping term that may sound a little dirty is:

SUCTION HEAD - Its actually a little short hand for Net Positive Suction Head (NPSH). Its the measure of available fluid for the pump to intake. So when some of yous say my old lady can suck start a Harley, what your really saying is that there is enough NPSH to turn over the bike to start it.
A typical statement would be, How much Suction Head does the impeller require to ensure that there is no cavitation in the pump?

I think I agree with scenario #3 as the most likely.

[Fishhead]

WORST PRESIDENT IN HISTORY ON SO MANY FRONTS

What a piece of shit this guy is

[JIBBBY]

^Timing dips and peaks is a tough way to make money in the stock market unless you have solid historic trend knowledge at play or insider info IMO..

It's pure gambling and chance otherwise..

[milwaukee mike]

Highly highly doubtful.

just like the definition of a vaccine was changed, the definition of unemployed has change to make the numbers look better

real unemployment (u-6) is at 7% right now, not too hard to believe that will creep up a few % with all the major companies announcing job cuts

i have 3 working-age people in my family, none of us work, and yet none of us are considered unemployed

[d2bets]

just like the definition of a vaccine was changed, the definition of unemployed has change to make the numbers look better

real unemployment (u-6) is at 7% right now, not too hard to believe that will creep up a few % with all the major companies announcing job cuts

i have 3 working-age people in my family, none of us work, and yet none of us are considered unemployed

Did they lose their job? Are they looking for work?

Plenty of working-age people choose not to work for a variety of reasons. That's not unemployment.

There are still a shit ton of unfilled jobs out there. A ton of them in a variety of areas.

[milwaukee mike]

Did they lose their job? Are they looking for work?

Plenty of working-age people choose not to work for a variety of reasons. That's not unemployment.

There are still a shit ton of unfilled jobs out there. A ton of them in a variety of areas.

yes but the difference between government-reported unemployment (u-3), and u-6 (real unemployment) are as follows...

- u-3 doesn't include people that haven't actively looked in the past 4 weeks... u-6 does, if they looked in the past year
- u-3 doesn't include part time workers that want full time work... u-6 does

[JIBBBY]

[milwaukee mike]

VRA might be the cheapest retailer i've ever seen

$9/share in book value, profitable, and the stock is sitting at $2.91

within a year or two i think this stock is back to 7+

[d2bets]

VRA might be the cheapest retailer i've ever seen

$9/share in book value, profitable, and the stock is sitting at $2.91

within a year or two i think this stock is back to 7+

92 million market cap. That's a micro cap. Probably based on recession concerns, because I think they're a pretty high-end type retailer.

Well, today's bull market rally lasted about 2 hours. Yesterday's was only 1 hour, so that's progress.

[milwaukee mike]

92 million market cap. That's a micro cap. Probably based on recession concerns, because I think they're a pretty high-end type retailer.

Well, today's bull market rally lasted about 2 hours. Yesterday's was only 1 hour, so that's progress.

yeah it's a micro cap, which is where you can find value... during covid MIK and HOME (michael's and @home) each got all the way down to $1/share... then got bought out for $22/share and $37/share

VRA won't be a 37-bagger but i think it's a 3-bagger... they have 2 main businesses, vera bradley and pura vida... pura vida's jewelry sales are way down because they are geared more towards middle/lower class

and yes, like you and i have been saying, sell these rallies! drip drip drip goes middle class wealth in the world, through investment depreciation, and inflation... all by design under the great reset

[homie1975]

92 million market cap. That's a micro cap. Probably based on recession concerns, because I think they're a pretty high-end type retailer.

Well, today's bull market rally lasted about 2 hours. Yesterday's was only 1 hour, so that's progress.

bull rally in a bear market.

the one good thing about these: they wash out more of the weak hands.

[d2bets]

bull rally in a bear market.

the one good thing about these: they wash out more of the weak hands.

Yes, that's what I meant to type. I'm getting old.

I believe it just briefly breached the June S&P lows (3626 vs. 3636).

[homie1975]

Yes, that's what I meant to type. I'm getting old.

I believe it just briefly breached the June S&P lows (3626 vs. 3636).

my Bro 2er, please clear some space in your inbox because I tried to message you but you are at capacity so it bounced.

[d2bets]

my Bro 2er, please clear some space in your inbox because I tried to message you but you are at capacity so it bounced.

Done.

[milwaukee mike]

30-yr mortgage rates at 6.8%

how in the heck are housing prices still staying this high?

[milwaukee mike]

in Oct 1987, the market crashed.

the S&P 500 reached it's Oct 1987 level, 21 mos later in July 1989.

those who averaged down incrementally, were way up 21 mos later when those who did not were either in the red (from panic selling) or only back to even if they stayed put.

i am extremely happy with my decision to average down last thurs and fri

that's what i don't fully understand

how can you be extremely happy buying into a market that went down every day since you bought?

wow i'm extremely happy that i bought a $1200 tv that went on sale for $1100 the next day!