Down goes the Dow

la gente esta muy loca wrote:

Ghost of Igloi wrote:

I wonder how Swaglord is doing?

I wonder how Bummbull is doing.

Well today anyhow, more bummed than bull

Dr. Racket wrote:

people are speculating that the long term outlook is getting getting better and it is.

Did they start speculating like that just today, or were they waiting for the opportunity to maximize their losses? I guess a lot of them were kicking themselves last week when the prices jumped back up again before they could sell off. Can't position yourself long-term with too much cash on hand, after all.

No amount of arrogance or jargon can convince me this makes any sense.

Simple explanation really. On Monday the market was forward looking. Tuesday and Wednesday backward looking. ?

2600 bro wrote:

I find this thread funny. People going apesh1t over 5% daily moves. Once you go to crypto, the stock market is very calming.

5% ? More like 1%. Too many day traders.

Cathy Wood wrote:

Thanks Troll. I appreciate the confidence of your $100 investment in ARKK. I know it is a sacrifice.

Hi, Cathy! You and I have a lot in common. Drinks sometime?

Year to Date

GME +602

BTC +60

Weed +47

Energy +35

Retail +24

Financials +13

Hussman +11

Value +6

Small Cap +6

Vanguard momo +5

China +4

Emerging +4

Developed non US +2

USA +1

REITs +1

Short Term TIPS +1

60/40 0

Junk bonds 0

Consumer Discretionary 0

TIPS -2

Inter Treas -2

Tech -3

VXX -3

ARKK -5

Corp Bonds -6

Gold -11

TSLA -12

sort of mostly in the same order, but everything lost some numbers. Except Hussman.

Surprised to see corporate bonds crater like that. Weird.

Good to see value winning right now - for this brief moment in time, Graham and Dodd stock picking and contrarianism is winning the day.

US and tech are underperforming the world. It's been a while since that has happened.

Bad Wigins wrote:

Dr. Racket wrote:

people are speculating that the long term outlook is getting getting better and it is.

Did they start speculating like that just today, or were they waiting for the opportunity to maximize their losses? I guess a lot of them were kicking themselves last week when the prices jumped back up again before they could sell off. Can't position yourself long-term with too much cash on hand, after all.

No amount of arrogance or jargon can convince me this makes any sense.

greed and fear, Wigins, greed and fear.

those two emotions drive the humans in the markets. We had greed until last week....now we have fear.

The machines....who knows what drives them, but they are very very important.

agip, what is your weed proxy in the table?

wondering wrote:

agip, what is your weed proxy in the table?

ticker MJ

agip wrote:

wondering wrote:

agip, what is your weed proxy in the table?

ticker MJ

Thanks.

“sort of mostly in the same order, but everything lost some numbers. Except Hussman.”

Ghost of Igloi wrote:

la gente esta muy loca wrote:

I wonder how Bummbull is doing.

Well today anyhow, more bummed than bull

Actually Y-T-D

TSLA -11.94%

AMZN -8.58%

TQQQ -11.80

TMF -32.58

I warned him

As my maternal Croatian grandfather always said, "they no listen to the papa".

ARKK down 30% from highs, USA down just 5%.

Crazeballs stuff. People got sucked in to the meme stocks and are paying the price.

Bad Wigins wrote:

Dr. Racket wrote:

people are speculating that the long term outlook is getting getting better and it is.

Did they start speculating like that just today, or were they waiting for the opportunity to maximize their losses? I guess a lot of them were kicking themselves last week when the prices jumped back up again before they could sell off. Can't position yourself long-term with too much cash on hand, after all.

No amount of arrogance or jargon can convince me this makes any sense.

What are you even talking about?

People are speculating that the $1.9T stimulus will pass and it will create inflation which means no one will want something like a 10Y bond. Secondary market players like China look like they're dumping as well creating even more supply. When bond prices go down, yields go up. A lot of people think bonds are way oversold and the Fed will step in and start buying soon.

That's pretty much it. No fairy tales, no evil algorithms, just a bunch of bond traders being bearish - and newsflash, bond traders have been bearish for 25 years.

Buy the dip.

agip wrote:

ARKK down 30% from highs, USA down just 5%.

Crazeballs stuff. People got sucked in to the meme stocks and are paying the price.

Huge.

Another day of massive drops for weed, Tsla, bitcoin.

Thank God I gave into my panic last Friday PM and bailed out.

After Monday bounceback I did put $30k in to them and have lost nearly $6k of that already.

A lot better than the nearly $100k I figure I would have lost had I not bailed.

agip wrote:

ARKK down 30% from highs, USA down just 5%.

Crazeballs stuff. People got sucked in to the meme stocks and are paying the price.

Competition time -

Name the most 1999 dot com bust company you can think of. And I don't mean Pets.com, I mean something that was really out there.

IVillage

iVillage: On its first day of trading in March 1999, its stock rose 255% to $84 per share.[84] It was acquired by NBC for $8.50 per share in 2006 and shut down. iVillage: On its first day of trading in March 1999, its stock rose 255% to $84 per share.[84] It was acquired by NBC for $8.50 per share in 2006 and shut down.

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