OT: Lets talk about stocks (Part 3)

[Habs]

Crypto markets getting hit hard this weekend. Bitcoin down to 78k.

holding up pretty good all things considered.

 

[Walksss]

Futures are all down 4-6%. European markets are getting rocked already this morning. Gonna be a long day.

 

[Scintillating10]

Futures are all down 4-6%. European markets are getting rocked already this morning. Gonna be a long day.

Bargain galore today

 

[Lafleurs Guy]

I wish I could buy the dip.

I'm not sure if this is a dip you want to jump into man...

This looks like it might be spiralling into something more serious. It's getting scary out there.

 

[Lafleurs Guy]

Bargain galore today

I don't know man. The knife continues to fall. Is it time to try to catch it?

It looks like it's going to really tank hard today and that's after several days of losses. I have some cash sitting around but my portfolio is getting rocked.

 

[Leto]

I don't know man. The knife continues to fall. Is it time to try to catch it?

It looks like it's going to really tank hard today and that's after several days of losses. I have some cash sitting around but my portfolio is getting rocked.

Drill baby drill ! We haven't reached ground zero yet. We might see some circuit breaker action today.

 

[Hope Of Glory]

I don't know man. The knife continues to fall. Is it time to try to catch it?

It looks like it's going to really tank hard today and that's after several days of losses. I have some cash sitting around but my portfolio is getting rocked.

While I think the market will keep goijg down, I remember this exact discourse being the most popular narrative at the bottom of the 2020 Covid crash and the 2022 drop. And when it started going up, "it was just a dead cat bounce". So I suspect a lot of people missed a major opportunity there. So if you have money you won't need for a while, I don't think its a bad idea to buy at the current discount while keeping in mind it will probably still drop.

My unrelated question is: let say Trump somehow cancels all tariffs today. How high does the market go?

We now know for a fact that businesses are at a major risk for at least the next 4 years, where some guy can invalidate all their long term business decisions depending on how he feels that day. And then go back on his word a few days later. Business HATE uncertainty. That has to have an impact on the potential price pf stocks no?

 

[Lafleurs Guy]

While I think the market will keep goijg down, I remember this exact discourse being the most popular narrative at the bottom of the 2020 Covid crash and the 2022 drop. And when it started going up, "it was just a dead cat bounce". So I suspect a lot of people missed a major opportunity there. So if you have money you won't need for a while, I don't think its a bad idea to buy at the current discount while keeping in mind it will probably still drop.

My unrelated question is: let say Trump somehow cancels all tariffs today. How high does the market go?

We now know for a fact that businesses are at a major risk for at least the next 4 years, where some guy can invalidate all their long term business decisions depending on how he feels that day. And then go back on his word a few days later. Business HATE uncertainty. That has to have an impact on the potential price pf stocks no?

I mean, I really hope that happens. Again though, you don't have to buy at the absolute bottom to successfully play a recovery. If there's a bounce and you don't buy in at the bottom but maybe on the way up, you're still good. But if you're buying into a falling market... that sucks.

We just don't know where this is going. It looks like markets are in for another big red day... again, your guess is as good as mine as to where we go. But I'd be cautious about just jumping in right now. We might have a lot further to fall.

 

[Scintillating10]

I don't know man. The knife continues to fall. Is it time to try to catch it?

It looks like it's going to really tank hard today and that's after several days of losses. I have some cash sitting around but my portfolio is getting rocked.

Hard to judge the bottom. You miss as much as you hit. If some good buys out there jump on it. Market always comes back.

 

[Scintillating10]

Nvidia $88, pre-Trump that was $150.

 

[Naslundforever]

Anyone want to buy the other year of retirement missing from my account this morning? You can spend it working and stuff. Christ this is dumb and enraging.

 

[Lafleurs Guy]

Anyone want to buy the other year of retirement missing from my account this morning? You can spend it working and stuff. Christ this is dumb and enraging.

Hopefully you have time to recover. Today's gonna be rough.

 

[Hope Of Glory]

S&P at 4900 damn!

 

[canucklover123]

Do we think there is a lot more room for this to run down?

 

[Lafleurs Guy]

The sea was angry that day my friends...

 

[ExReHabs]

Do we think there is a lot more room for this to run down?

Yes, unfortunately

 

[Lafleurs Guy]

Don't look now but a lot of stocks are bouncing. Celestica up 10 percent...

 

[ExReHabs]

Yes, unfortunately

There’s time yet for them to go down

 

[ExReHabs]

There’s time yet for them to go down

Like I said.

 

[Hope Of Glory]

Jesus S&P went from -4% to +3% and is now back to -1.5%.

Market has been open for an hour. What the hell is this

 

[Lafleurs Guy]

Jesus S&P went from -4% to +3% and is now back to -1.5%.

Market has been open for an hour. What the hell is this

Dead cat bounce?

 

[Hope Of Glory]

Dead cat bounce?

Possible but I don't think I've ever seen in 10ish years this much volatility in such a short period of time for a huge index like that.

Hopefuly it's just a false rumor that spread or something and not some more sinister wall street shenanigans.

There was a rumor floating around that Trump would pause all tariffs for 90 days except for China so maybe it was just that.

 

[Scintillating10]

Dead cat bounce?

A lot of institutions knew Trump tariffs would send market down, they shorted the market. Now buying them back turn major profit.

 

[red devil]

Dead cat bounce?

Some dumb ass reported that Trump was going to pause tariffs for 90 days and then the White House came out said that the report was false

 

[TRG]

Wonder what the MAGA spin will be if he indeed ends up pausing tariffs at some point. I mean obviously it will somehow be a W and the plan all along for Trump.

Logic doesn't apply lol