The stock market thread Part II (The GME Phenomenom)

[EXTRAS]

is this the main stock thread now that the covid forum closed?

Holding a good bit of my net worth in cash and my home equity (house fully paid off),waiting for the inevitable drop

Expecting a series of 75-150 basis point rate hikes until inflation gets under control based upon the fed's statements

150 basis point raise at once would be insane

 

[dortt]

150 basis point raise at once would be insane

Could go full Volcker and raise rates by 500 or 600 basis points at once

 

[John Price]

The Euro just hit a 20 year low, making it virtually impossible for our companies and businesses to fairly compete. It was manipulated down - Watch how well they will do against the U.S. Yes, very Counterintuitive. This is not good news!

 

[ZDH]

is this the main stock thread now that the covid forum closed?

Holding a good bit of my net worth in cash and my home equity (house fully paid off),waiting for the inevitable drop

Expecting a series of 75-150 basis point rate hikes until inflation gets under control based upon the fed's statements

God help us all...

 

[yahhockey]

Bank of Canada rises rates 100 basis points. Now the Fed July meeting may result in the same hike. Inflation and high interest rates don't seem like a great combination with so many living pay cheque to pay cheque prior to inflation. The only positive is the potential cooling of the housing market.

 

[yahhockey]

Maybe there's hope that purchases made now will be in the green by the end of the year.

 

[EXTRAS]

What's going on with royal bank?

 

[SoulOnIce]

Some big earnings next week, like Tesla on Wednesday. Although I guess most people expect lower numbers, maybe guidance can keep things floating.

- as for the title, I saw gme’s nft marketplace in beta already put coinbases to shame in a few days. One music creator was saying he made more in a few days then he would in a over a year or two from Spotify streams.

 

[EXTRAS]

Huge recession coming
But also
Days where the market is up 2%
Lol

 

[puck stoppa]

Any regulars still here? Haven’t been around in a long time. Still in Riot, Rsi and Dkng. Sold everything else last year! The market gonna bounce back second half of the year? Is this the bottom cause I want to add.

 

[Jacob]

Did I miss the bottom

 

[yahhockey]

Hopefully, doubtful, but you never know. Another bear market rally? Also a lot of earnings risk over the next few weeks if you invest in individual companies.

 

[The Crypto Guy]

Did I miss the bottom

Nah. Wait for everything to crash when we officially are defined as in a recession on the 28th.

 

[SoulOnIce]

And Tesla sold 75% of their bitcoin. Was it to make some figures look better during earnings?

 

[ZDH]

And Tesla sold 75% of their bitcoin. Was it to make some figures look better during earnings?

Yup. Sold at a loss too iirc.

 

[yahhockey]

I can't find the tweet that had the breakdown but it was something like they bought 41,000 Bitcoins for 32k per BTC, sold 10% around 62k per BTC, then sold 75% (or sold 65% of their original purchase so that 75% of their original purchase has been sold) for around 29k.

 

[spintheblackcircle]

 

[The Crypto Guy]

Lmao, so he tipped off his brother and friend on some Cryptos that were going to be listed. Big deal, politicians get all that type of inside info all the time.

 

[yahhockey]

So maybe a recession isn't priced in to the market? Overreaction? Well it is an overreaction if it's for one year however the probably recession and economic uncertainty may last longer and drag down '23 or other future year profits as well. Target and Amazon among the companies with drops after hours due to their similarities to WMT.

 

[The Crypto Guy]

So maybe a recession isn't priced in to the market? Overreaction? Well it is an overreaction if it's for one year however the probably recession and economic uncertainty may last longer and drag down '23 or other future year profits as well. Target and Amazon among the companies with drops after hours due to their similarities to WMT.

The recession is absolutely not priced in yet. So many morons believing the government when they say we arent going into one . They will all run to sell at the end of the week.

 

[EXTRAS]

Gonna be weird if the price of oil suddenly drops to 45-50 bucks, and everyone has already jacked up their prices due to oil.

 

[EXTRAS]

100 points or 75

 

[EXTRAS]

With all the oil company quarterly reports coming up it could be a smart time for some short term investing given most of these companies are expected to beat expectations quite nicely. Get in on the run up and sell right before the report.

 

[SoulOnIce]

Market pumped today on small rate increase. Do we see profit taking tomorrow? Fb down after earnings.

 

[The Crypto Guy]

Market manipulation at its finest! This is why you can never try and predict what happens because the billionaires decide what happens when it's all said and done.