Economy stonks v25, return of the fedi

Mr. Market is off his bipolar meds again.
 
I'm officially in the red YTD now. Probably down about 1.5%. Still whooping the market at least.
 
yesterday: best day for the market this year

(no major news)

today: worst day for the market since 2020

<JagsKiddingMe>
 
rob mafia said:
damn, guess i missed out.

i wasn't glued to screens back then like i am now, but it seemed more slower/sludgier.

covid crash was fast and breakneck, but generally with catalysts (so many catalysts).
Click to expand...

It was the best of times, it was the worst of times. When you look at the largest single day swings in either direction, most of them happened in 2008.
https://www.cbc.ca/news/business/large-one-day-swings-1.900795
It was by far the best trading I've ever done in my life, but the stress likely took a good 5 years off my life expectancy. The cold sweats were real.

this market just seems breakneck for no real reason most of the time. like spy -3.5, qqq -5% ...no real reason needed. i expected a down day due to yesterday's run, but holy shit. and that's just it - i keep being somewhat surprised by the velocities. which is on me, i guess.
Click to expand...

Mr. Market didn't like the BLS productivity report which came out today.
https://www.bls.gov/news.release/pdf/prod2.pdf
Nonfarm business sector labor productivity decreased 7.5 percent in the first quarter of 2022, the U.S.
Bureau of Labor Statistics reported today, as output decreased 2.4 percent and hours worked increased
5.5 percent. This is the largest decline in quarterly productivity since the third quarter of 1947, when the
measure decreased 11.7 percent.
 
rob mafia said:
lolz @ how retarded this market is.

fnko bought @ 21, naturally goes to $24

<{outtahere}>
Click to expand...
It's an investment
"
TCG and its investor consortium are acquiring from ACON Investments 12,520,559 shares of Funko Class A common stock, or 80% of ACON Investments' stake in Funko, at $21.00 per share and will own 25% of the Company following completion of the transaction. Additional investors in the consortium include eBay Inc., Robert A. Iger (Former Disney Chairman and CEO) and Rich Paul (CEO and Founder of Klutch Sports Group and Head of Sports at United Talent Agency). In conjunction with the investment, TCG will designate two directors to the Board including Jesse Jacobs, TCG Co-Founder and Partner. The additional director will be designated at a later date. Mr. Iger and Peter Chernin, TCG Co-Founder and Partner, will provide guidance and strategic insight as advisors to the Funko Board.

As part of this investment, Funko and eBay are entering into a commercial agreement under which eBay will become the preferred secondary marketplace for Funko and the companies will also partner on creating exclusive product releases. Additionally, Mr. Paul will bring his expertise in the sports and music sectors to help advance Funko's continued product expansion and growth opportunities in sports and music."

So if this spikes up bigly I will short as it's def coming back
 
aerius said:
Mr. Market didn't like the BLS productivity report which came out today.
https://www.bls.gov/news.release/pdf/prod2.pdf
Nonfarm business sector labor productivity decreased 7.5 percent in the first quarter of 2022, the U.S.
Bureau of Labor Statistics reported today, as output decreased 2.4 percent and hours worked increased
5.5 percent. This is the largest decline in quarterly productivity since the third quarter of 1947, when the
measure decreased 11.7 percent.
Click to expand...

i don't think that had much to do with it. that news was kinda meh in the spectrum of macro events. 2022 already had a pile of much bigger catalysts (CPIs, FED moves, actual war...) that didn't move the market as much as today.

i honestly think it was just a (just because) reversal and was piled on due to bond yields.
 
That bull trap was quite something yesterday I must say. So all of a sudden from a violent moonshot yesterday to a bloodbath lmao. Glad I stayed out.

SFM down 25% on the day after very good earnings? Laughable. Bought 25k worth today. I'll be averaging down as well.

Plenty of cash to splash still. I do believe we can at least nibble and chip away from here on some stocks but be careful.
 
kahiljabroni said:
I might have to delete the app and check back in months
Click to expand...

Did you not get out of those calls?

This market is just crazy man. It's a glorified casino atm. Timing it is near impossible tbh. All over the shop every week. You get shook out of your positions quite easily because the volatility is nuts.

I'm ready to start buying for the long term and DCA.
 
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