Off-Topic Stock Market & Crypto Discussion

[mr.h]

I am targeting 3300 to get really interested.

V shape or U shape, in your opinion. Stocks will be seriously oversold.

 

[SpikeUM]

But it’s helping Russia. In regards to energy independence, the oil and gas companies want to export. Do we make it illegal to export? Europe is facing energy shortages which will eventually lead to a world wide recession. Just my thoughts.

China and India are buying from Russia too, as is Turkey and many other countries. The key point is that we could have way more domestic production, but we are intentionally tying one hand behind our backs. Blaming OPEC is a scapegoat for our own stupid policies.

What is really ominous is that we arent anywhere near peak oil prices, just wait until China opens up again, we replenish the SPR, supply continues to drop from older wells, etc. etc. Probably from '24 on we are living in $150+ oil.

 

[SpikeUM]

V shape or U shape, in your opinion. Stocks will be seriously oversold.

Probably W

 

[Cribby]

If I looked at my Portfolio daily or even weekly I’d already Kurt Cobained myself weeks ago.

 

[PanteraCanes]

If I looked at my Portfolio daily or even weekly I’d already Kurt Cobained myself weeks ago.

About a year or two ago. The people voting for tuition forgiveness should be taxed so I can get 401k repay back.

 

[TheEye]

But it’s helping Russia. In regards to energy independence, the oil and gas companies want to export. Do we make it illegal to export? Europe is facing energy shortages which will eventually lead to a world wide recession. Just my thoughts.

Actually, by introducing cheaper oil into the market, globally, it spooks OPEC into maxing out production. That’s why they wouldn’t cut during the pandemic glut.

 

[90scane]

Probably W

I'll go with V with many Ws on the way down and up. The closer to the bottom the bigger the wave lengths up/down.

 

[mr.h]

TGIF…

 

[Cryptical Envelopment]

Since 90% of options traders lose money, I would say that is not a bad ratio at all. Do you think we break through support now?

Also- been hard to lose money on SPY puts these last two months. It's not me, it's the market being ****e. Been buying on any strong day.

 

[mr.h]

Incredibly my stocks posted a +1% gain for the week…smh

 

[Cmuri]

Incredibly my stocks posted a +1% gain for the week…smh

That’s a win. lol

Been buying tesla all the way down so theres that.

 

[SpikeUM]

if he is right, we might be shooting for 3000 instead of 3300.

Allianz Chief Economic Adviser El-Erian believes core inflation 'is still going up'

Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation "will probably come down to about 8%," but that core inflation "is still going up."

www.cnbc.com

 

[GladeCane]

if he is right, we might be shooting for 3000 instead of 3300.

Allianz Chief Economic Adviser El-Erian believes core inflation 'is still going up'

Allianz Chief Economic Adviser Mohamed El-Erian said he predicts headline inflation "will probably come down to about 8%," but that core inflation "is still going up."

www.cnbc.com

Yes, sir.

 

[SpikeUM]

I thought I was a mope, but then Jamie Dimon comes along!!!

 

[Cmuri]

I thought I was a mope, but then Jamie Dimon comes along!!!

Economic hurricane!

 

[90scane]

This is why I asked 3300. I could see us get under 3000 as I think the Fed gets to 4.5-5 and holds it there for 2023. If inflation doesn’t give and jobs don’t cool by Q1, they could push past 5.

 

[mr.h]

Jamie Dimon now comes and says the Fed kept interest too low for too long.
Way to go Jamie…

 

[Tdvv]

Jamie Dimon now comes and says the Fed kept interest too low for too long.
Way to go Jamie…

he had to make certain he made his money before uttering a word.

he sure wasnt complaining when they didnt raise rates at the time.

 

[Cryptical Envelopment]

Annaly Capital Management, Inc. Provides Update to Shareholders

NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) announced today an update on its portfolio and risk position, including preliminary financial information as of September 30, 2022, in light of sustained market volatility. Below are preliminary...

www.annaly.com

Up 12.2% today off this.

 

[mr.h]

My worthless opinion would be for the Fed to hold off on rate cuts and sees where it goes. The Stock Market needs a break. Let supply and demand do what they do.