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Economy stonks v23, santa claus rally or santa claws rally?

brackis1 said:
yeah just hamming up a slow news week trying to gloss over how treacherous this market is.
I think we're settling in to our trading range; i'm basing that as 230 on VTI a total market index I am legging out of in my index portfolio.
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I've really been spot on with my posted calls this month.
Sadly "only" up 9% YTD as a reward for this after I fucked up a smallcap biopharm trade which cost me 2%.
 
i fucked up by not buying puts again. i had the chain open and... just didn't. i guess i'll see what it looks like in 90 minutes
 
No idea whos getting trapped here...bulls or bears. Im still bullish in the very short term tho
 
I believe once CPI sinks in, the market sells off. The rally has been decent the past two week though so happy to have made a few bucks on it. Sold up around 35%. So I guess I hope we tank now lulz.
 
Gas121 said:
I believe once CPI sinks in, the market sells off. The rally has been decent the past two week though so happy to have made a few bucks on it. Sold up around 35%. So I guess I hope we tank now lulz.
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Seems like a knee jerk reaction to me. Was really hoping this rally would continue for better shorting opportunities.
 
Shorted IWM for 2% scalp. Back in on INFU at 10.50, but going long again on this one. Will add more if it drops back down in the low 10s. Happy I sold all in the 17s in the beginning of the year. I think this could easily get back to 15s again short/medium term and much higher going long, but in todays environment I'm being patient
 
rob mafia said:
i doubt it. the market doesn't seem to care much about the cpi. it cared wayyyyy more about bulliard.
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After this rally I'm choosing the latter. Could be wrong but either way protecting my gains so locked some profit incase of any heavy sell off.

kahiljabroni said:
Seems like a knee jerk reaction to me. Was really hoping this rally would continue for better shorting opportunities.
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Maybe sometimes takes time to digest. But the CPI wasn't exactly pretty. I was hoping a continued moon before buying puts but its still feels uncomfortable.
 
Gas121 said:
After this rally I'm choosing the latter. Could be wrong but either way protecting my gains so locked some profit incase of any heavy sell off.



Maybe sometimes takes time to digest. But the CPI wasn't exactly pretty. I was hoping a continued moon before buying puts but its still feels uncomfortable.
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the dumb part is that we could easily cut down the CPI via domestic oil. we were oil independent, and as a result, oil was cheaper (understatement). which made natural gas and other energy cheaper.

biden undid that. then pressed for EVs and says he wants renewables... then made import bans on solar panels (and unfortunately, 'merican solar is garbage) and also increased tariffs on solar panels. and now the fearmongering re: russia pipeline.

now oil/energy is sky high.

it's all pretty stupid and this part of it (cpi) is a rather easy fix.
 
rob mafia said:
the dumb part is that we could easily cut down the CPI via domestic oil. we were oil independent, and as a result, oil was cheaper (understatement). which made natural gas and other energy cheaper.

biden undid that. then pressed for EVs and says he wants renewables... then made import bans on solar panels (and unfortunately, 'merican solar is garbage) and also increased tariffs on solar panels. and now the fearmongering re: russia pipeline.

now oil/energy is sky high.

it's all pretty stupid and this part of it (cpi) is a rather easy fix.
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How is this all Biden's fault while ignoring the obvious cabal of oil companies to cut drilling voluntarily while cranking prices?
 
brackis1 said:
How is this all Biden's fault while ignoring the obvious cabal of oil companies to cut drilling voluntarily while cranking prices?
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so i just looked into it and i guess biden pulled a 180 and didn't ban the drilling he campaigned on... and then issued more permits for it. oddly, i had no idea.

but he did suspend some oil/gas leases in alaska. so i dunno. this is a clusterfuck. i'm starting to wonder if biden's schizo and taking orders from a talking guinea pig.

he still crippled solar, though. but that's going to be far less significant in this regard.



edit 5: looks like we're both kinda right. he undid trump's oil shit. but then in late 2021, i guess they wanted to combat gas prices and started issuing all kinds of drilling permits.
 
rob mafia said:
so i just looked into it and i guess biden pulled a 180 and didn't ban the drilling he campaigned on... and then issued more permits for it. oddly, i had no idea.
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bros like the CLR guy buying massively at low prices is all we need to know.


also AFRM just SHIT ITSELF.
35% down in 2 min from up 10 to down 25
 
rob mafia said:
the dumb part is that we could easily cut down the CPI via domestic oil. we were oil independent, and as a result, oil was cheaper (understatement). which made natural gas and other energy cheaper.

biden undid that. then pressed for EVs and says he wants renewables... then made import bans on solar panels (and unfortunately, 'merican solar is garbage) and also increased tariffs on solar panels. and now the fearmongering re: russia pipeline.

now oil/energy is sky high.

it's all pretty stupid and this part of it (cpi) is a rather easy fix.
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Yeah I mean i like this idea of going full steam renewable but maybe its a bit too ambitious for now. BTU just posted a big surge in sales of coal. OIL is still in high demand but will taper off next year I think.

The whole russia/ukraine is still running hot, not sure if the market is really reacting to this though. To many things going on to really tell what investors are really worried about. That said if inflation does begin to dive I see more wild swings up and down. Playing this market is nuts right now.
 
Gas121 said:
Yeah I mean i like this idea of going full steam renewable but maybe its a bit too ambitious for now. BTU just posted a big surge in sales of coal. OIL is still in high demand but will taper off next year I think.

The whole russia/ukraine is still running hot, not sure if the market is really reacting to this though. To many things going on to really tell what investors are really worried about. That said if inflation does begin to dive I see more wild swings up and down. Playing this market is nuts right now.
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if you want to push renewables, it's insane to then increase tariffs (vs remove) and then instate a veritable import ban that's fucking looney and hard for solar manufacturers to prove (that the silicon didn't contain any sand from china). so shit's handcuffed.
 
Market really starting to dump now. AFRM is trading absolutely wildly holy fuk.

Glad to have locked some gains from this rally if we continue to hammer down tomorrow. Just seems odd to sell off now considering CPI data was in this morning and things seemed a okay.. Maybe its now been digested idk. This market is like a 5 year old and its not healthy.

@kahiljabroni Top was in. Damn it. Should have pulled the trigger on puts.
 
Gas121 said:
Market really starting to dump now. AFRM is trading absolutely wildly holy fuk.

Glad to have locked some gains from this rally if we continue to hammer down tomorrow. Just seems odd to sell off now considering CPI data was in this morning and things seemed a okay.. Maybe its now been digested idk. This market is like a 5 year old and its not healthy.
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it's not cpi. it's bullard.
 
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