I need a do over this week on the degenerate account... Basically started out bad Monday (was that day rumored apple news, I can't recall) - screwed my QQQ Cs, averaged down EOD, fully recovered Tuesday (should have held some but decided to really gamble, I mean why not?), Wednesday decided to try some risky Puts, sell order didn't place when in profits at about 9 am and practically flash crashes to trash. Yay Then META calls gambled on SNAP ER not dying, I knew better but I'm like - I know someone out there is probably getting it right over at SNAP, they can't continue to screw up (lol), you know - figured they'd sell some btc or something (joking) - sooooo didn't blow up account or something just not a fun week. The meta calls don't expire till after ER, and were cheap spreads so it's all cool. I should have just played Tesla calls. On a more fun note my boring 401k somehow isn't trash, but who wants to talk actual investing here? We're all here for the lottos, right?
not a bad pick up under 10 (maybe, but I did ) the market is acting as it should once approaching 12k Nasdaq , seems to be alright going forward (down bounce dump repeat for couple of weeks but nothing dramatic )
The tech market is probably just being propped up atm, but we'll see. SQQQ should do great at some point soon, but that's probably looking at it too easy so it'll probably do opposite. Whole market is crazy.
What's the worst that could happen with me holding SQQQ and it bleeds red - my 401k goes up? Caynnnt lose.
i'm watching it to buy again. you're good. im just being a ****. i've lost a couple times trying to time it.
Since the hike wasn't 100bps, this seems like market hopium for a "reset" until September. As a pessimist, I'd be looking at rallies as short squeezes for the whole month.
w MSFT closing at 280, this Jul 17 trade is deep in the money.should it close above 260 at Sep. expiration, i get to pocket the $2.55 premium that was collected in advance
go figure !! a 2nd consecutive negative GDP print and a huge rate hike by the Fed, and the stock market has its best week since last year just my opinion. since the Fed started to raise rate, in Dec, there has been 2 consecutive Quarters of negative GDP, which corroborates that the Fed policies are effective insofar as artificially reducing demand.
Rates will be lowered when there's a re... economic slowdown. The yield curve is still inverted and long term rates generally influence short term. Reason why I think Powell should've raised it higher rather than plan another 50+ hike in September is to chill the housing market even further and stunt speculation and hoarding. June sales were still crazy despite people knowing housing will slow down. They went ahead anyways because they figured rates would be even higher in September. Crazy. The other factor in stock prices is the Almighty dollar. It's strength will inevitably impact quarterly earnings reports again but on a hour to hour basis, American assets are a flight to safety on a global level. Insane.
i agree with this. for the doom and gloom in the US surrounding inflation/recession; it looks worse in many other countries right now. Russia/China... have to wonder if and when china's housing bubble crash and banking issues will hit the US banks/stocks.
Do you mean US banks' exposure to Chinese housing bubble? If so, I've always read that exposure wasn't much in terms of their overall balance sheets. I think of all the banks, Citi probably had the most exposure to China (?), but even that wasn't a "ton" compared to their overall balance sheet. As far as how it will have a cascading effect on US stocks or the market, that's another question, though.
How bad/good is the real economy stateside? Over here in Singapore i'm feeling the inflation on my everyday goods... but on the otherhand unemployment is at an all time low, wages are going up, and international travel is finally recovering. Some sectors are just starting to get back to pre-pandemic levels (MICE, O&G, hotels/aviation) with more room to recover.
im talking cascading effect. im not talking all bad either. the wealthy chinese could be moving more capital out of china as a result. pretty much same as here in the states.
Going to the grocery store really sucks, but on the flip side, MGM resorts just had their best quarter in their history for their Vegas Strip casino properties. Their future bookings are at their highest in history at the highest average room rate in their history. So its a tale of two economies I think.
