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The stock market thread Part II (The GME Phenomenom)

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To me it seems extremely concerning when we are in the midst of a recession fighting inflation and the TSX is up 3% today
 
EXTRAS said:
Please explain to me.
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TSX is weighted more heavily on natural resources and more specifically oil and gas stocks than most other indices. (This is also true for other natural resources rich countries like Australia).

Now look at the performance of commodities today....

1664822584290.png


Not surprising that the TSX would move up on a day like this.
 
Fixed to Ruin said:
TSX is weighted more heavily on natural resources and more specifically oil and gas stocks than most other indices. (This is also true for other natural resources rich countries like Australia).

Now look at the performance of commodities today....

View attachment 590506

Not surprising that the TSX would move up on a day like this.
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American markets are up just as much. My guess is it would have in part something to do with the feds special meeting today and the wheels coming off with tightening. Which would be a bit scary imo.
 
EXTRAS said:
American markets are up just as much. My guess is it would have in part something to do with the feds special meeting today and the wheels coming off with tightening. Which would be a bit scary imo.
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likely a classic bear market rally

These rallies tend to short and violent to the upside. Some can go as much as 30-40%

Even the Great Depression had a few bear market rallies that tripped the bull market threshold
 
For those in Algorand the governance NFTs (which you get for free for participating in governance) are already reselling for 400-500 bucks a piece. If you're not claiming them you're missing out! Easy 2 grand every year.
 
I found this chart on another site:

1665500247360.png


I won't make any definitive statements as to whether now is (or isn't) a good time to buy. But it's certainly worthwhile to consider the long-term trends. (I think that, in general, an investor's success over the long-run is primarily dependent on how they react during recessions and bear markets).
 
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My Buddy Cash Gumbleton is a financial Wizard. He predicted the latest crash, Saved me ton`s of money. He is an proponent of the 9/9/9/9 investing System. So what that mean`s is. Invest in 9 of your favourite Stock`s. This could be Boscov`s, Amazon, AMC, any of the top company`s. Wait 9 Year`s. Collect 9x your money. & With that money, purchase 9 Bran new Dell personal Computer`s. Who doesn`t love a Dell. And it will make there stock price go up even more, Dell should have been 1 of your 9 company`s. That is the 9/9/9/9 investing system in an nutshell, Big up`s to my boy Cash for this one.
 
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Kinda miss when this stock thread was so busy. I learned lots from the people here. I also learned what not to invest in when people pump a stock on the internet (ahem, kontrol energy-esque longshot stocks).
 
Jacob said:
Are we exiting the bottom or is this just a blip
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Just a blip, unfortunately. We will hit the bottom shortly after the US officially announces we are in a recession. I joked earlier that it would be right after the midterms are done, but truthfully that will probably be somewhere around Q1-Q2 next year.
 
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The Crypto Guy said:
lmao, that guy is literally the biggest fraud in the business. Anyone who actually takes ANY advice from him is an idiot.

I like this article from yesterday:

nypost.com

Jim Cramer chokes up as he apologizes for pushing Meta stock: ‘I screwed up!’

The investor apologized to viewers for previously recommending they buy shares of Meta — which were at their lowest value in six years.
nypost.com nypost.com
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Agreed. I watched the video on twitter shortly after it aired on CNBC.
 
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