I think you can accumulate again somewhere under $60. I would expect this relief rally to last several days, taking us to ~4,200. Then again another crypto blow up, Ukraine news, or inflation pressure could change that in a minute. Risk/reward favors ARKK at the moment.
Earnings Scorecard: For Q1 2022 (with 91% of S&P 500 companies reporting actual results), 77% of S&P 500 companies have reported a positive EPS surprise and 74% of S&P 500 companies have reported a positive revenue surprise.
I made a few bucks from SPY and TSLA puts that I bought this morning. Sold my AAPL barely in the green. Took a loss on AMD that I bought too high, I figure it won't go back over 100 for a long time. I'm ready to go back to indexing. Hoping SPY falls to 350ish.
I think you can accumulate again somewhere under $60. I would expect this relief rally to last several days, taking us to ~4,200. Then again another crypto blow up, Ukraine news, or inflation pressure could change that in a minute. Risk/reward favors ARKK at the moment.
LOL hey genius, your precious EMD is underperforming the NDQ today by a whopping 3.7%
The "Mad Money" host explained Wednesday why despite Russia's invasion of Ukraine and soaring inflation that continue to dog the stock market, there could be hope for a sustained rally.
Given quantitative tightening and the likelihood that we have not yet felt the full impact of high inflation, I'm betting economic conditions worsen over the coming months. It's still possible we might see a rally of some kind, but I don't see us hitting all time highs again for awhile, end of year at the soonest. Could be wrong though.
I think the markets will remain turbulent, and I also suspect we'll see more lows in the coming weeks, possibly months. Would be easy to see the market dip another 5% or so. Tough to see it falling much beyond that, though Burry and Dalio have said some things suggesting they think it could fall a great deal more.
Buffet has been buying. This sort of thing gives cover to other long term investors and confidence to everyone but the shorts.
WSJ:
The stock market’s selloff has been bad news for most investors. Not for Warren Buffett and his team. Mr. Buffett’s Berkshire Hathaway Inc. BRK.B 0.75% has used the slump as an opportunity to increase spending on stocks, deploying tens of billions of dollars the past couple of months after ending 2021 with a near-record cash pile.
The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The move likely makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings.
In the past few months, Berkshire has also boosted its stake in Chevron Corp. CVX 1.92% , placed a merger-arbitrage bet on Activision Blizzard Inc. ATVI 0.47% , bought an 11% stake in HP Inc. HPQ 2.62% and continued adding to its position in Apple Inc., its biggest stockholding.