The Investment Thread (18 Viewers)

[Saint_Ward]

I haven't been able to follow the market much. Anyone got a read on whats happening? Just seems volatile.

 

[superchuck500]

I haven't been able to follow the market much. Anyone got a read on whats happening? Just seems volatile.

After months of not following it I have been reading a bit and having conversations with managers. Seems like there’s a lot of push/pull going on and outlooks vary substantially. Really all comes down to the Fed it seems - unless full on recession creeps in.

 

[bclemms]

After months of not following it I have been reading a bit and having conversations with managers. Seems like there’s a lot of push/pull going on and outlooks vary substantially. Really all comes down to the Fed it seems - unless full on recession creeps in.

I agree. I got really busy the last 3 months and haven't been able to keep track. I did have a buy target of SP 3600 and will still start to buy at that point when it gets there.

I do think there are still a whole lot of headwinds. The idea that the market would start a new bull run the day the fed started to ease up on hikes has shown to be no bueno which is a really good sign sanity is starting to creep back in. Crypto imploding and fraud being exposed is a really good sign that a bottoming process may be happening there. I get the feeling the crypto market is just going to fade into background for some time, maybe even years before seeing a comeback. As for stocks. I think we have to let the rate hikes unwind downhill and get through China Covid before we start to see anything that resembles normalcy. I'll be shocked if we aren't in recession by then. I've been saying that we start seeing the indicators of recession start this fall and by Q1 we are in a full blown recession. I do think much of that is already priced in.

If I stick to my guns and history, then we do not see a bottom until we see a bloodbath of a day, something we have not seen yet.

 

[Turfie]

In meme news. The AMC board is converting APE shares to AMC shares. APE is up 100% in premarket and AMC is down 25%.

Board also wants to vote for a reverse split.

On the surface this raises capital for the business but dilutes AMC shareholder value.

 

[Turfie]

Holy moly

 

[superchuck500]

 

[jboss]

Me with 80% of my portfolio in cash:

 

[Turfie]

Got 5 GMEs at 18.92. Lowest I’ve ever gotten it. Wish I could predict how low we go.

 

[SaintInBucLand]

Got 5 GMEs at 18.92. Lowest I’ve ever gotten it. Wish I could predict how low we go.

 

[superchuck500]

Check this thread out. Tesla stock is un-buyable right now. Where’s the bid?

 

[Mr. Blue Sky]

Check this thread out. Tesla stock is un-buyable right now. Where’s the bid?

Jesus Christ, thanks Chuck, now im even more depressed .


As bad as i feel for myself (I bought TSLA in 2016), i cant imagine how my buddy feels, who bought in in 2012… at one point about 18 mos ago he had become a TSLA millionaire , and he is a very middle class guy who otherwise would be nowhere near millionaire status.. now, to watch your one golden ticket evaporate by the day has to be excruciating .. a mutual friend told me he’s back east visiting his folks for Christmas, and i cant even bring myself to text him .

 

[Mr. Blue Sky]

Check this thread out. Tesla stock is un-buyable right now. Where’s the bid?

Although this gave me a chuckle



.

 

[Turfie]

My area of expertise is not mental health. But I hope Elon is taking care of himself. The dude has quite a few irons in the fire.

 

[Turfie]

Saw on WSB. Funny comment was “In Turkey we say the bad days are over, and worse days are coming”