Economy Stocks thread v28: in loving memory of Rob Mafia and Brackis1

aerius said:
Bunch of market noobs are now finding out the hard way what trading in 2008 was like.
I expect a lot more blood before this is over.
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Yup. I first learned what it was like in 1987, then again in 2000, again in 2008. It hasn't gotten real bad this year, yet. My father told me what it was like in '73-74 when the Nifty 50 collapsed.

Food for thought: in 1964 the DOW closed the year at 874. 17 years later in 1981 it closed at 875.
 
AFanNotAFighter said:
Yup. I first learned what it was like in 1987, then again in 2000, again in 2008. It hasn't gotten real bad this year, yet. My father told me what it was like in '73-74 when the Nifty 50 collapsed.

Food for thought: in 1964 the DOW closed the year at 874. 17 years later in 1981 it closed at 875.
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DOW is a really shitty index though. For numerous reason, but especially because it is price-weighted.

If you look at the S&P 500, it went from 76 in 1964 to 133 in 1981.

We have had some pretty long dry spells though. Took close to 25 years for stocks to recover to their 1929 peak. Although, interestingly, if you had been dollar-cost averaging the entire time, starting right at the peak, you actually would have done surprisingly well, because the lows went to the rock bottom and stayed there for a while, and you would have been buying all along.
 
HOLA said:
DOW is a really shitty index though. For numerous reason, but especially because it is price-weighted.

If you look at the S&P 500, it went from 76 in 1964 to 133 in 1981.

We have had some pretty long dry spells though. Took close to 25 years for stocks to recover to their 1929 peak. Although, interestingly, if you had been dollar-cost averaging the entire time, starting right at the peak, you actually would have done surprisingly well, because the lows went to the rock bottom and stayed there for a while, and you would have been buying all along.
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I agree about the DOW being a shitty index. Not sure why it still captures the public's attention.

Citing your statement about the S&P 500 going from 76 to 133 over 17 years, that still doesn't instill much confidence in people. I think long dry spells like that stress the importance of having dividend paying/mutual fund paying stocks/funds.
 
Khaosan said:
Such blatant corruption that it’s comical at this point.
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Well that was the ultimate trap I guess. Probably big money used the pump yesterday to get out of positions and dump. It is what it is.
 
AFanNotAFighter said:
I agree about the DOW being a shitty index. Not sure why it still captures the public's attention.

Citing your statement about the S&P 500 going from 76 to 133 over 17 years, that still doesn't instill much confidence in people. I think long dry spells like that stress the importance of having dividend paying/mutual fund paying stocks/funds.
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yes, dividends were significantly higher back then. https://www.multpl.com/s-p-500-dividend-yield

Management has adopted a "Daddy knows best" attitude since the 90's, where they continually retain earnings, even if they have nothing sensible to spend it on. They usually end up "deworsifying" instead of paying out profits to shareholders, or splurging on buybacks at levels where that makes no sense. Shareholders absolutely refuse to stick up for themselves about it. So it goes.
 
HOLA said:
yes, dividends were significantly higher back then. https://www.multpl.com/s-p-500-dividend-yield

Management has adopted a "Daddy knows best" attitude since the 90's, where they continually retain earnings, even if they have nothing sensible to spend it on. They usually end up "deworsifying" instead of paying out profits to shareholders, or splurging on buybacks at levels where that makes no sense. Shareholders absolutely refuse to stick up for themselves about it. So it goes.
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Don't lie now, you stole that deworsifying word from Peter Lynch.
 
AFanNotAFighter said:
Don't lie now, you stole that deworsifying word from Peter Lynch.
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One Up On Wall Street is one of the very few investing books actually worth reading. Not a lot of quality material in the genre.
 
NVDA down 7% after hours:



Orange just made exemptions for chips and now he's putting restrictions on them.

 
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MrShady said:
Thank you Trump for another great opportunity to start my PUT options for Tesla, ahead of their upcoming earnings.

This will be my third time shorting Tesla since March and I'm always happy to see it get back up to 260s/280s before I buy my puts again and offload them in the 230s

Let's see how my fourth time goes
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Easy money 💰

Thanks Trump for the crash. Sleepy Joe could've never done it like you have lmao
 
UHC earnings are out. Went to bed feeling good. Woke up $70,000 down.


full
 
JFC. Now UHC is down 23+%

Nooooooooooooooo. Holy shit. The whole portfolio might hit a six digit loss. Everything is gay and retarded.
 
"The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come fast enough!"

If he actually does manage to oust JPow, markets will really tank.
 
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