OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[Chopper]

Going to start adding to long positions later this week if we drop a few more points. About 35% cash right now.

 

[johnnyredstorm]

Think we continue to 280 and bounce back to 290 and that will be the defining moment of a nice buying opportunity versus us breaking trend.

 

[tkthafm]

Wow, falling so hard. We could see a small technical over-sold bounce, but won't it last unless the trade war de-escalates.

This could easily spark the next recession, so many companies rely heavily on China, once revenues and consumer spending decline layoffs are not far away and unemployment rising sharply off the lows nearly always guarantees a recession right afterwards.

 

[johnnyredstorm]

Wow, falling so hard. We could see a small technical over-sold bounce, but won't it last unless the trade war de-escalates.

This could easily spark the next recession, so many companies rely heavily on China, once revenues and consumer spending decline layoffs are not far away and unemployment rising sharply off the lows nearly always guarantees a recession right afterwards.

Worst thing this idiot could’ve done. We’re ******.

 

[lilchico4life]

Finally got a chance today to max out the retirement accounts.

 

[degenerate423]

Man, my dumba** got caught holding NVDA . Kinda want to take the L and just claim it on my taxes for next year, so I can at least free up some money for other trades.

 

[suavamente]

what we looking to buy on the pullback boys

SQ personally

 

[shibadekobe]

"US Treasury officially declares China as a currency manipulator"

More Down Incoming...

https://www.cnbc.com/2019/08/05/us-treasury-designates-china-as-a-currency-manipulator.html

 

[tkthafm]

"US Treasury officially declares China as a currency manipulator"

More Down Incoming...

https://www.cnbc.com/2019/08/05/us-treasury-designates-china-as-a-currency-manipulator.html

Was just about to post this, caused a massive gap down in futures. This is getting real ugly.

AAPL went from touching 220's to 180's in 3 trading sessions. Lol.

 

[shibadekobe]

Wow...PPT in action? FED to save the day?

Gaps filled...Opening green?

 

[tkthafm]

https://www.cnbc.com/2019/08/06/china-pboc-sets-yuan-midpoint-at-stronger-than-7-per-dollar.html

Reason for the bounce... let’s see how it plays out, markets are down severely in a very short amount of time so I expect some sort of a bounce to come, might try to play it tomorrow, but without much more it’s not gonna hold IMO.

 

[xbiker47]

Whats everyone buying ?

 

[shibadekobe]

Election Night 2.0

Implied open was -630pts
Now only -21pts...heading Green

edit.. +165 now

 

[rocafella kidd]

Going to load up on more SQ been in it since the 20’s, and a few defense companies ktos,lmt, etc. The pharmaceuticals I’m in took a very small hit, but I just keep adding. Hoping the outlook on the earnings report are solid this week for those pharmaceuticals. Ocul, Eypt, Dova. The plans to retire by 35, or at least have the cash to retire by then. I don’t know how to play options or else I would, but I don’t have access to my account during work hours. So I play the long game haha

 

[flacobey]

V, SQ and MSFT long

 

[tkthafm]

I refuse to believe selling is over, looking to add more shorts on this bounce

 

[jjs]

Want to take some of my savings and buy some S&P 500, but I want to wait and see how low it can drop

Ninja lost the crown of most watched mins on twitch and left quick so he can be most watched on mixer

Probably made bank by switching

 

[lilchico4life]

Want to take some of my savings and buy some S&P 500, but I want to wait and see how low it can drop

How long do you plan to keep it in the S&P? If you have a longer timeframe, just put it in now and forget about it (or contribute more). It's impossible to call the bottom or top. Just keep adding on the dips.

 

[ALNotSure]

I was gonna sell some stuff and out of nowhere he comes with this tariff crap and I got hit hard on some crazy stuff I was doing well with

Smdh

 

[jjs]

How long do you plan to keep it in the S&P? If you have a longer timeframe, just put it in now and forget about it (or contribute more). It's impossible to call the bottom or top. Just keep adding on the dips.

Definitely long term. Just that feeling of buying a decent chunk and seeing a 5% dip

If not more

 

[lilchico4life]

Definitely long term. Just that feeling of buying a decent chunk and seeing a 5% dip

If not more

I know the feeling. Buy in increments (dollar cost average) if you feel the market will correct itself or when it does. You have to stay invested for the power of compounding to work. Time in the market > timing the market.

 

[johnnyredstorm]

Market hasn’t even had a 20% correction. If you go all in on this dip sure you might make some money but the risk/reward isn’t there. If you wanna put a portion in that would be smart but I personally see us breaking lower and this being a bounce to short more than one to add into. I think we gap fill and maybe run up a little bit more to 2950 before rolling over and starting a downtrend. If you’re a bull, adding on this dip is smart and wait for confirmation to add more. If you’re a bear, wait for a lil more bounce to add in.

 

[tkthafm]

Gold, silver, bonds going insane

 

[johnnyredstorm]

I have some silver I been sitting on. Would love to sell it and buy crypto. Keep running baby.

 

[shibadekobe]

I refuse to believe selling is over, looking to add more shorts on this bounce

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