The stock market

I hope you dumped your crapto coins...your a nice guy...these others guys here got steam rolled!!

We may actually get a multi day rally coming up......markets wayyy oversold...too many bears
 
Snapprhead27 said:
I made some money on the crypto and sold it
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Good stuff. Personally, I don't trade on US crypto exchanges, as they are "buy" only. If you wanted to have leverage and trade long/short, there are oversees exchanges with no KYC...Have to use a VPN though, which is an easy set up. Group I am in has been predominately short bitcoin since 48K....1 dude is still short from 65K (with taking profits along the way). The P&L for these guys is insane the last 6 months. They are true pros at it.
 
Bloodbath continues....yesterday was a one day wonder!!! Great for some short term trading profits.....I wish I went short at the close instead of flat......could have been worse and stayed long!! :)

If we don't get a decent bounce today from this big gap down that is very very bearish...60 percent chance of bounce
 
I feel like Tom Hanks in Big. I don't get it! Does the stock market no longer bear any relation whatsoever to the economic performance of the companies underlying the stock or is it purely based on hype and feelings. Is price earnings ratio a quaint relic of the past?
Corporate profits are up - way up. Much higher than they were in 2019-2021.
Consumers won't stop giving their money to corporations, no matter how high prices get. Yes, their costs are up, but so are their profits. If a company is showing record profits, you should want to buy that company, not sell it.
So happy I bought a significant position in government bonds and reduced my stock position a few years ago to avoid this nonsense.
 
Wish I moved my deffered comp. No sense in doing anything now. Just grin and bare it. I'm still buying right now into it. Should be maxed out after next paycheck.
 
We are paying the price for the money thrown at wall street and world economies the last decade that is now finally being taken away. Now the market has to find the REAL VALUE!!! I applaud the administration for letting the fed act so aggressively knowing damn well the market will get crushed and they will be unpopular for it. Remember it was in the not too distant past that the gop and the CIC called for no rate increases and in fact a negative rate...they got their wish when the "shut down" came......same chit in 2008 with the housing scam....some democrat O'bama had to come in and do the dirty work......just hope it's a quick BEAR market....if not you will NEVER EVER want to own stocks again.

When dems lower rates the RW yell "savers are getting punished" when they raise rates they whine the markets going down......hypocrites
 
CELLFISH said:
U said that before, Too many headwinds MTB,
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that's not how it works......I am not talking sustained rally...just rally before resuming the downtrend...yes i have said it before and been right more times than not.....you do what you want......I'm not a deer in the headlights type....no sireee
 
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