Economy stonks v25, return of the fedi
- Thread starter rob mafia
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Preaching to the wrong person honestly. Agree to disagree on Tesla. I think macro is more messed up than people realize, Fed is going to have to hike quite a bit more into an earnings recession with tons of geopolitical risks.
Tesla I believe will become the most valuable company in the world whether they make a robot or not. What they are doing with electric cars and battery storage will get them there.
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Just to be clear: I was joking; I'm not sure what you're saying w/ regard to TSLA here.
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I know you are joking, I am just saying I am actually one of those people who believe Tesla will be the largest company.
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Banked some profit on this run. Just sitting here like eh “now what”. I want to load in SQQQ but not comfortable until low 30s. I’ll probably scoop up near $35.
This rally is insane considering a 8.5% print. Not rational tbh
This rally is insane considering a 8.5% print. Not rational tbh
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Rational? Bear market is over while we're in a recession with ludicrous inflation, just ride the wave.
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lolz @ musk/tsla
whatever.
to be fair, this could be mostly behind us/the worst is over with, which could be quasi-tailwindy.
not like the govt's going to let some nonprofit declare we are/were in a recession, despite 2 quarters of negative gdp proving it.
whatever.
Rational? Bear market is over while we're in a recession with ludicrous inflation, just ride the wave.
to be fair, this could be mostly behind us/the worst is over with, which could be quasi-tailwindy.
not like the govt's going to let some nonprofit declare we are/were in a recession, despite 2 quarters of negative gdp proving it.
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The stock market is the "This is fine" dog in a house on fire meme.
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$ML raised revenue guidance and another earnings beat. Added a million customers.
Just trimmed some. The SPAC I owned at 10+ a share before it became $ML and watch it free fall. I bought that fucker down to 1.80 but ended up having a shit load of shares and a lot of capital invested.
It could have been a big L and would have stung if I was wrong, but I believed and it paid off. Going to Sizzler for lunch.
Just trimmed some. The SPAC I owned at 10+ a share before it became $ML and watch it free fall. I bought that fucker down to 1.80 but ended up having a shit load of shares and a lot of capital invested.
It could have been a big L and would have stung if I was wrong, but I believed and it paid off. Going to Sizzler for lunch.
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i just have a dumb spread of 5c/-7.5c 1/2023 that's probably fucked.
from like january.
i had bought some shares at like 1.20 or something but dumped at 1.80. oops
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Yeah, but the pump from the last 3 1/2 weeks is pretty aggressive, and not exactly the sustainable climb out you'd expect. We'll see if there's another rug pull coming.
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there's always another rug pull, it's just a question of when and what range.
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Nothing goes up forever.
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I would be shocked to see the S&P getting past the 4400s, 4300's is as high as I am expecting. It's a good time to short imo. I imagine this time in September we would have already started the reversal.
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I'm following my historical trend of outperforming the market when it is down or flat. I'm down about 3% YTD now. S&P is down like 11-12% or so right now.
Feels good to beat the S&P 500 again; nevertheless, at the end of the day I'm still down 3% for the year.
Feels good to beat the S&P 500 again; nevertheless, at the end of the day I'm still down 3% for the year.
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People are adding more debt to their credit cards!
This is great for the economy along with the raising of rates!
Wonderful
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maybe.
it's also possible we're in smooth sailing. the inflation that wasn't due to shitty monetary policy/govt spending was largely due to supply side constraints (some artificial, re: covid). these appear to be mostly easing tremendously... aside from energy, which is a crapshoot and inconsistent. and it was the primary objection to rate hikes (that rate hikes can't really affect supply issues [of course, i understand that supply and demand are linked and that hurting demand does basically the same thing... but arguably, a double-whammy] - leaving it pointless, at best, and punishing, at worst) - and that inflation will only truly cede when the supply-side issues recover/correct.
funny enough, this seems to have been forgotten this week. cnbc/bloomberg/internet seem to just be bearish as fuck and spinning only that the markets have it all wrong.
so i dunno. as usual, i'm kinda in the middle. i think the bears have been greedy/a little nuts and i think the markets are weird. but i'm also holding all kinds of shit that's been punished for kicking ass. which makes no sense. all in all, i think most (seriously. most) individual stocks are mispriced - and a lot of them are horribly mispriced. in each direction. some seem retardedly overvalued and some are stupidly undervalued. i wish i had the funds to play all of them with volume...
i know that the market's chock full of tards/funds/etc that ~only care about indexes and i think it's kind of a huge problem. but i guess that's another story, albeit related.
edit: that said, it's also possible that the stupid anti-inflation bill/law (that looks inflationary. [tax credits encourage buying] thanks, retard govt!)/people thinking no recession/etc will give inflation a new leg up.
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