Down goes the Dow

Hey, just bought a new iphone from Apple.

Holy cow, what an operation. Couldn't have been smoother, in all honesty. Everything was really efficient in the process but the clincher was when i showed up to pick it up at my nearby Apple Store. Amazing the efficiency, how many people were lining up for products, and how well run it was, and i never entered the store even. This was outside due to the pandemic.

I already have a boatload of Apple as most of you know, but this has me seriously considering buying more.

And for you who don't know me, this is exactly the kind of thinking i had over 20 years ago when i started building positions in Apple, Google, and Amazon.

Just throwing this out there as i wait while the new phone is setting up.

I need a new iMac. Looking forward to seeing what Tuesday brings.

J. Hardy wrote:

I need a new iMac. Looking forward to seeing what Tuesday brings.

Why Tuesday?

Monday looking tame according to fututes, as suprpising as that may be,

I am not a big watcher of the VIX, but correct me i'm wrong, it looks like VIX Futures are down a lot, which should mean big sell-off (?)

* which should mean NOT a big sell-off.

seattle prattle wrote:

J. Hardy wrote:

I need a new iMac. Looking forward to seeing what Tuesday brings.

Why Tuesday?

Big event Apple event on Tuesday - widely expected to be the announcement of their ARM powered Macbooks. Probably won't move the stock much but who knows

☝️

Swaglord_the_real_one_1_1 wrote:

Anybody in Bitcoin?

I had about 8% of NW in earlier. Got out and missed some of the bump, now i'm about 3% NW in.... wish I went harder in.

Darn it, not yet. I was even commenting on here, somewhere around 11,8 iirc, that I wanted to get in, but have been too busy. Am now getting “verified” on Gemini.

I think I will buy only 2, just for kicks.

I dumped Tesla and Nio (my big holding) Tues before close over fear of possible stock market drop due to election results/uncertainty.

The three days missed cost me a couple tens of thousands I estimate.

Did hold onto bitcoin and gold stocks.

Both did well Wed - Frid...not as well as NIO (perhaps better than Telsa).

I plan to hold onto Bitcoin and gold.

Will see what I think on Monday before plunging back in (still like NIO and maybe Tesla).

I do see a massive crash net year. The economy is in the dumpster and will be far worse next year as there will be a bigger and longer lockdown this winter which will be a disaster.

The market will have to reflect this sooner rather than later.

Already past due.

Biden will end up being a joke of history

Maserati wrote:

Swaglord_the_real_one_1_1 wrote:

Anybody in Bitcoin?

I had about 8% of NW in earlier. Got out and missed some of the bump, now i'm about 3% NW in.... wish I went harder in.

Darn it, not yet. I was even commenting on here, somewhere around 11,8 iirc, that I wanted to get in, but have been too busy. Am now getting “verified” on Gemini.

I think I will buy only 2, just for kicks.

i would be very careful. Last night it dropped 6%. Just like that. It seems to have recovered some of that, but not all. I've never seen something that seems so manipulated, and when it seems the most irresistable to get in, that's when they pull the rug out.

In my mind, there's just too many other viable opportunities out there, and ones that come with regulations and safeguards. And that's not even mentioning the prevalence of out and out theft and hacking of these things.

seattle prattle wrote:

Maserati wrote:

Darn it, not yet. I was even commenting on here, somewhere around 11,8 iirc, that I wanted to get in, but have been too busy. Am now getting “verified” on Gemini.

I think I will buy only 2, just for kicks.

i would be very careful. Last night it dropped 6%. Just like that. It seems to have recovered some of that, but not all. I've never seen something that seems so manipulated, and when it seems the most irresistable to get in, that's when they pull the rug out.

In my mind, there's just too many other viable opportunities out there, and ones that come with regulations and safeguards. And that's not even mentioning the prevalence of out and out theft and hacking of these things.

Don't forget forgetting your password and your money will eternally be lost to you.

In the immediate term, there will be a bit of turbulence.

In the short-term there will be irrational exuberance.

In the medium term there will ne skeptical optimism.

In the longer term there will be agonizing reappraisal.

I am def in for the short-term.

Gapping up at the open according to the futures.

seattle prattle wrote:

Gapping up at the open according to the futures.

Bigly. We will see if it holds, I think it will.

Bitcoin—yes thanks for the warnings. I would keep it on a USB dick, the only thing that would worry me would be theft via fraud at the time of sale, if ever.

Yes volatile but turning out to not ne super uncorrelated, so more like just a pure leverage bet, kind of like futures—but what the bet is on is ip for debate. Political instability? The USD? Bitcoin itself? Digital currency? Pure spec? Nobody agrees on any single one.

Hopefully the markets will get back to their ytd highs before the eoy.

Maserati wrote:

In the short-term there will be irrational exuberance.

.

huah yeah fair enough

europe is up 5% and so is the US

Go PFE

Lol agip I’m also along for the ride.

Try not to injure yourself?

agip wrote:

Maserati wrote:

In the short-term there will be irrational exuberance.

.

huah yeah fair enough

europe is up 5% and so is the US

Go PFE

I feel like this is unlikely to end well but we'll see obviously. This is probably one of the worst times in America's history if you're in the "have not" group because the "haves" have been making an absolute killing this whole time.

Gold spot well down, miners are going to tank.

Hopefully I will end up even on the day?

REITs are up 10%.

10%. staid corporate real estate.

holy toledo, smokes and cow.

schwab trading systems all f'd up