SuperSpreader Posted August 5 Share Posted August 5 15 minutes ago, Commissar SFLUFAN said: hedge funds that trade in and out of stocks based on signals from algorithms, started selling equities when last week's surprise Bank of Japan rate hike sparked expectations for further tightening ai is dumb as fuck Quote Link to comment Share on other sites More sharing options...
Reputator Posted August 5 Share Posted August 5 1 hour ago, Commissar SFLUFAN said: Somehow, AMD is bucking the trend! AMD: Advanced Micro Devices Inc - Stock Price, Quote and News - CNBC WWW.CNBC.COM Get Advanced Micro Devices Inc (AMD:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. It's because I don't own any of their stock. If I bought some, they'd tank. 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted August 5 Share Posted August 5 1 hour ago, osxmatt said: It’s back up now, but my Fidelity account was down the first hour of trading. Damn, that’s pretty good if you made it through the last week or so without being down at all, assuming you mean only stocks and not the things that are balancing it out (interest, tax benefits, dividends, bonds, etc) Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5 Share Posted August 5 3 minutes ago, stepee said: Damn, that’s pretty good if you made it through the last week or so without being down at all, assuming you mean only stocks and not the things that are balancing it out (interest, tax benefits, dividends, bonds, etc) I think he meant "up" and "down" in the context of being able to access the account 1 1 Quote Link to comment Share on other sites More sharing options...
stepee Posted August 5 Share Posted August 5 Just now, Commissar SFLUFAN said: I think he meant "up" and "down" in the context of being able to access the account That makes so much more sense lmao I am up overall from the last week, including bacon’s new pc, but if say all my money were in my current stock portfolio, yikes. I wouldn’t jump out of a window or anything and it’s tracking better than s&p overall, but damn. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5 Share Posted August 5 At one point today, VIX (the so-called "Fear Index") was up 181% over its close on Friday! Now it's only up 42% 1 Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted August 5 Share Posted August 5 So what’s primarily driving this chaos? Fears over China’s economy? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5 Share Posted August 5 1 minute ago, Uaarkson said: So what’s primarily driving this chaos? Fears over China’s economy? - General global economic slowdown, specifically the US and China - See my post above regarding certain Japan-specific factors Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 5 Share Posted August 5 2 hours ago, Commissar SFLUFAN said: - General global economic slowdown, specifically the US and China - See my post above regarding certain Japan-specific factors Also, Iran is probably about to attack Israel (again) Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 5 Share Posted August 5 1 minute ago, Spork3245 said: Also, Iran is probably about to attack Israel (again) Judging from the oil markets, absolutely no one gives a damn about that Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 5 Share Posted August 5 Just now, Commissar SFLUFAN said: Judging from the oil markets, absolutely no one gives a damn about that I'm watching SPY and /ES. SPY had a nice 4 point drop off the news circulation Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted August 5 Share Posted August 5 lol my AMD stock is green today Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 6 Share Posted August 6 I hope everyone bought the dip yesterday. We’re about to head to a new all time high. 3 Quote Link to comment Share on other sites More sharing options...
stepee Posted August 6 Share Posted August 6 Just now, Spork3245 said: I hope everyone bought the dip yesterday. We’re about to head to a new al time high I didn’t want to while on vacation this isn’t FUCKING FAIR JIM Quote Link to comment Share on other sites More sharing options...
Air_Delivery Posted August 6 Share Posted August 6 I think its gonna be temporary rough going as the idiots that did their Yen carry trade have to liquadate their postions. For anyone that is long this is just a blip. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 6 Share Posted August 6 21 minutes ago, Air_Delivery said: I think its gonna be temporary rough going as the idiots that did their Yen carry trade have to liquadate their postions. For anyone that is long this is just a blip. Counter-point: Inverse Jim Cramer 1 Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 6 Share Posted August 6 VIX has surrendered everything that it gained yesterday. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 9 Share Posted August 9 Based on the performance of the market since the meltdown and the pretty good jobs data from yesterday, the current sentiment is that the Fed doesn't need to be "as aggressive" in pursuing the rate cuts. Quote Link to comment Share on other sites More sharing options...
osxmatt Posted August 9 Share Posted August 9 8 minutes ago, Commissar SFLUFAN said: Based on the performance of the market since the meltdown and the pretty good jobs data from yesterday, the current sentiment is that the Fed doesn't need to be "as aggressive" in pursuing the rate cuts. I know there are prediction websites out there. What is the current consensus at? 25 basis points? Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 9 Share Posted August 9 5 minutes ago, osxmatt said: I know there are prediction websites out there. What is the current consensus at? 25 basis points? Yes, the vast majority expect a 25 basis points cut with some outliers predicting 50 basis points. Quote Link to comment Share on other sites More sharing options...
stepee Posted August 9 Share Posted August 9 Now that I have been paying more close attention to all this since it matters much more on a personal level now, I have come to conclusion that everything is just dumb It actually makes me worry less because I just figure it’s going to be dumb and barely make sense so there isn’t any reason to really give too much merit to anything (since i’m doing conservative with my money) 1 Quote Link to comment Share on other sites More sharing options...
Kal-El814 Posted August 9 Share Posted August 9 4 hours ago, stepee said: Now that I have been paying more close attention to all this since it matters much more on a personal level now, I have come to conclusion that everything is just dumb It actually makes me worry less because I just figure it’s going to be dumb and barely make sense so there isn’t any reason to really give too much merit to anything (since i’m doing conservative with my money) Consistent investing over time with risk based on your age is generally the smartest thing to do, much else is chasing dragons. 2 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 19 Share Posted August 19 On 8/6/2024 at 6:18 AM, Spork3245 said: Counter-point: Inverse Jim Cramer Works every god damn time. Thanks, Jim! Quote Link to comment Share on other sites More sharing options...
Jason Posted August 23 Share Posted August 23 the stonks seem to think the jihad is ending soon Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted August 28 Share Posted August 28 Nvidia earnings are out — here are the numbers WWW.CNBC.COM Nvidia reported second fiscal-quarter earnings Wednesday after the bell. Quote Nvidia reported earnings after the bell that beat Wall Street expectations for earnings and guidance, and provided stronger-than-expected guidance for the current quarter. Here are the results. Earnings per share: 68 cents adjusted versus 64 cents per share expected by LSEG. Revenue: $30.04 billion versus $28.7 billion expected by LSEG. Nvidia said it expected about $32.5 billion in current quarter revenue, versus $31.77 billion expected by analysts, according to StreetAccount. Nvidia said it approved $50 billion in share buybacks. Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 28 Share Posted August 28 2 minutes ago, Commissar SFLUFAN said: Nvidia earnings are out — here are the numbers WWW.CNBC.COM Nvidia reported second fiscal-quarter earnings Wednesday after the bell. Nvidia: hey guys, another big earnings beat! Stock market: *NVDA drops 5%+ in value* Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted August 28 Share Posted August 28 1 hour ago, Spork3245 said: Nvidia: hey guys, another big earnings beat! Stock market: *NVDA drops 5%+ in value* NYT: "Nvidia stocks are up, and here's why that's bad for Kamala Harris." 1 Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 29 Share Posted August 29 8 hours ago, CitizenVectron said: NYT: "Nvidia stocks are up, and here's why that's bad for Kamala Harris." It’s down over 5% after a big ER beat so that’s not a worry Quote Link to comment Share on other sites More sharing options...
Spork3245 Posted August 29 Share Posted August 29 “NVDA beat everything! Including day traders asses” Quote Link to comment Share on other sites More sharing options...
Vitalsign Posted September 9 Share Posted September 9 Made $11k today. I'm clawing back from a $200k hit from volmegeddon last month. Long dated short /ES futures fucking rekt me. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted September 10 Share Posted September 10 Oil prices close at lowest level since December 2021 as OPEC cuts forecast WWW.CNBC.COM OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast. Quote Crude oil futures on Tuesday closed at the lowest level since December 2021, as the market sell-off gained speed after OPEC lowered its demand forecast for the second time in two months. “Crude Oil demand destruction one two punch from China and OPEC delivered the knockout blow today,” Bob Yawger, executive director of energy futures at Mizuho Securities, told clients in an afternoon note. “Incredibly, the market is getting beat down while a tropical storm/hurricane churns up the US Gulf of Mexico oil patch,” Yawger wrote. Futures turned bearish after recovering some lost ground Monday as Tropical Storm Francine threatens oil and gas production as well as refining operations on the Gulf Coast. OPEC now expects demand to grow by about 2 million barrels per day in 2024, some 80,000 bpd slower than its previous forecast. The group of oil producers sees demand growth of 1.7 million bpd next year, about 40,000 bpd lower than originally anticipated. OPEC had cut its demand outlook in August due to softening consumption in China, the world’s largest crude importer. Since this article was published this morning, both West Texas Intermediate and Brent North Sea are down over 3%. Quote Link to comment Share on other sites More sharing options...
Uaarkson Posted September 10 Share Posted September 10 Time to get a diesel Hummer! Quote Link to comment Share on other sites More sharing options...
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