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Stock Market Era |OT3| Nobody expects the Spanish Inflation!
- Thread starter Sheepinator
- Start date
- OT
ARKK is down a lot, so I try not to make fun of ARK, but their researchers make it so, so tough with those kinds of projections. I'm starting to think ARK is just one big grift.
M1 is pretty cool. I started an account recently with a small amount of funding just to play with the pies. I don't know why anyone would pay Cathie Wood for ARKK when they could recreate something similar with a M1 account with her top holdings. Heck you could create a Pie at M1 that takes out all the garbage holdings ARK has, and keep the couple good ones.
Seven straight down weeks for SPY and QQQ, but Friday's late day short covering rally did allow both to close above last week's low. While SPY and QQQ did make another intrwaeek low, this was the first time in seven weeks we had a close above the previous week's low. A small positive divergence. If some of this forced liquadation that made the market slowly crash over the last seven weeks is done, then perhaps we can actually get a bounce here.
Nvidia earnings this upcoming week. Big event to try and stop the pain for Nvidia investors. I want to see if Nvidia talks about their Ampere inventory, and if they have to start taking losses here. These Ampere cards are starting to sell under MSRP, and the rumors are stores are now flooded with these cards. With a new generation incoming, why pay anything close to MSRP for Ampere card right now? Especially since one can argue the MSRP for a lot of these cards are inflated.
M1 is pretty cool. I started an account recently with a small amount of funding just to play with the pies. I don't know why anyone would pay Cathie Wood for ARKK when they could recreate something similar with a M1 account with her top holdings. Heck you could create a Pie at M1 that takes out all the garbage holdings ARK has, and keep the couple good ones.
Seven straight down weeks for SPY and QQQ, but Friday's late day short covering rally did allow both to close above last week's low. While SPY and QQQ did make another intrwaeek low, this was the first time in seven weeks we had a close above the previous week's low. A small positive divergence. If some of this forced liquadation that made the market slowly crash over the last seven weeks is done, then perhaps we can actually get a bounce here.
Nvidia earnings this upcoming week. Big event to try and stop the pain for Nvidia investors. I want to see if Nvidia talks about their Ampere inventory, and if they have to start taking losses here. These Ampere cards are starting to sell under MSRP, and the rumors are stores are now flooded with these cards. With a new generation incoming, why pay anything close to MSRP for Ampere card right now? Especially since one can argue the MSRP for a lot of these cards are inflated.
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Gotcha.
I mostly do ETFs, but want to get into stock picking on top of that (long term), especially with this seemingly coming bear market. Get some deals lol.
I'm building a small portfolio at the moment.
Many are soured on them due to them having some shady practices during the GameStop fiasco as well. They were shutting down trade when no one else was, freezing accounts in the middle of the day, etc.
I've been using the Cash app so far. But it's kinda limited. TDAmericatrade looks more fully featured.
Vanguard, Fidelity, Charles Schwab, and TD Ameritrade are generally the biggest/best. Most have adapted to the low cost of entry and have good fund options. I'm in Charles Schwab for my taxable account and Fidelity for my company 401k/HSA/Roth. I like both a lot.
I've looked around SoFi's and I'm not really impressed yet. They have a ways to go on providing a full-featured investing platform.
I do have Vanguard for my Roth, so I may just go there.
My issue with these older firms, is that their UIs do leave a lot to be desired. I use Vanguard and have used Fidelity with another job, so I know. Can't speak on Schwab.
I'm not surprised why Robinhood, Stash, and the like have eaten their lunch with the younger set.
Vanguard - I hate their interface and lack of details on the 401k side of things. So I never even considered it.
I was at eScottTrade that got bought over by TDAmeritrade. TDAmeritrade's UI is not very 'modern' but I really like how many tools they have available.
Starting to look into Okta. Has anyone been buying this? Also started looking at Blackrock.
Uber is also massively discounted.
Still anticipating a Costco purchase if that can sink lower to around $380ish.
NVDA... I started buying at $164 and $158 last week... will continue to averaging down.
CRM, a wide-moat stock continues to be cheap as hell and still gradually falling.
Then there's of course all of FAANG and Microsoft...
Uber is also massively discounted.
Still anticipating a Costco purchase if that can sink lower to around $380ish.
NVDA... I started buying at $164 and $158 last week... will continue to averaging down.
CRM, a wide-moat stock continues to be cheap as hell and still gradually falling.
Then there's of course all of FAANG and Microsoft...
On the brokerage front I use Interactive Brokers for personal and IRA, with my 401k is in Fidelity. Used Fidelity for everything before that. I like IBs trading platform more, but banking was less painful with Fidelity. I had to use Etrade and Schwab for work in the past, never liked Etrade as much as Fidelity, and Schwab was over ten years ago and had a pretty limited online platform back then. I am sure that is different now.
Mainly using IB for my specific situation - I am an Aussie expat living in the US and will probably move country again at some point, and IB is much more readily setup to move your assets to one of their many local brokerage branches. Fidelity does allow you to move out of the US and maintain the account, just not make new purchases. Etrade and a lot of other brokers will liquidate your account if you leave the US.
On the current market - I am DCAing on a few fronts, mostly trying to build up a small GOOG stake from nothing before the split and then bolstering my VOO. I might bolster a few more individual positions over the summer, we'll see. Not expecting any magical turnaround in the short term.
Mainly using IB for my specific situation - I am an Aussie expat living in the US and will probably move country again at some point, and IB is much more readily setup to move your assets to one of their many local brokerage branches. Fidelity does allow you to move out of the US and maintain the account, just not make new purchases. Etrade and a lot of other brokers will liquidate your account if you leave the US.
On the current market - I am DCAing on a few fronts, mostly trying to build up a small GOOG stake from nothing before the split and then bolstering my VOO. I might bolster a few more individual positions over the summer, we'll see. Not expecting any magical turnaround in the short term.
Market's up a lot today. Thinking this is just a quick bounce up after S&P dipped below 3,850 and then an eventual crash back below, or are we thinking 3,850 is the bottom here? I'm thinking it's hopefully a bounce back up but with the summer comes more volatility as volume goes down sooooo…I think I'm staying away until September or so…not sure.
Earnings in a couple days. You might get your wish if reaction to earnings is poor and there is a big gap down after. Today is basically noise because the entire market went up. Well, outside the ARK type stuff.
OP
OP
TIL Costco has a significantly higher forward P/E than AAPL, MSFT, GOOG, DIS, NVDA, etc. Wow.
Wow, Snap warns on Q2 and changed guidance. They just gave guidance a month ago so shit must have changed super fast. Down 20% in AH.
edit
Snap down 28%
Google down 4%
FB down 8%
Damn, and hear I thought today's rally and Friday's recovery to flat last week could have been a bottom. Who was I kidding.
edit
Snap down 28%
Google down 4%
FB down 8%
Damn, and hear I thought today's rally and Friday's recovery to flat last week could have been a bottom. Who was I kidding.
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Yeah I just edited. Google is down 4% as well. Guess there going to be more pain this week.
Definitely. All the gains today might be wiped out tomorrow and then some.
If you have money in stock Image companies, or image aggregation platforms like PINS, you might want to think about what AI will do to their value. 3D-asset banks will also have a hard time remaining relevant, in due time.
I didn't go to validate this yet, but I read that this is down more than their actual earnings miss from Q1... Wtf..
That doesn't make any sense to me.
Highly encourage people listen to the Odd Lots podcast's latest episode with Bridgewater's Greg Jensen. One of the most fascinating discussions I've ever listened to. I'm kinda mind-blown by how many threads it pulls together. It's going to stick with me for a long time.
I'll try to post some quotes later.
I'll try to post some quotes later.
On asset bubbles and what it would take to close the gap between prices and actual productive capacity:
On liquidity:
On the so-called Fed put:
On the inflationary effects of the trend toward de-globalization:
On US-China decoupling:
On the social upsides to de-globalization and decline of neoliberalism:
On liquidity:
On the so-called Fed put:
On the inflationary effects of the trend toward de-globalization:
On US-China decoupling:
On the social upsides to de-globalization and decline of neoliberalism:
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It isn't "deglobalization", it's technological advances which favor independence. It untangles dependencies and removes chokepoints throughout the system, and will increasingly be fueled by locally-produced energy. All of this makes our societies more resilient to disruptions. Covid simply accelerated this progression.
Weird stock to treat as a bellwether IMO, it shouldn't be surprising that ad revenue is down but they weren't exactly the beacon of growth either with TikTok taking its share of the pie.
Google being down 6% because of the news is a joke. Any excuse to sell off right now I guess.
Google being down 6% because of the news is a joke. Any excuse to sell off right now I guess.
What so mediocre tech companies having bad quarters are going to cause the market to bleed too now?
Jesus Christ
Jesus Christ
Google down 7%. It's going to be something if or when GOOG and/or AMZN dip below 2000.
Sometimes that's all it takes.
Sometimes that's all it takes.
lol. I mean, the last two years' run has kinda been built on a stack of cards and pumping.
I'm all long term and not a trader, but seriously what the fuck.
The amount of manipulation that occurs in the stock market is insane. There's NO sensible reason that SNAP should be down 40% from that guidance update. That's too vague of information.
Because this I'm now having to buy more AMZN and GOOG 🤦🏿♂️
The amount of manipulation that occurs in the stock market is insane. There's NO sensible reason that SNAP should be down 40% from that guidance update. That's too vague of information.
Because this I'm now having to buy more AMZN and GOOG 🤦🏿♂️
Waiting for Snap to hit single digits before I buy.
Am I foolish ya'll? Should I just buy now?
Am I foolish ya'll? Should I just buy now?
Does the stock market ever go up? I keep hearing tale of this mythical 7% gains...
Yeah, I get the reasoning why PINS would dip too. But no way it should dip 30% in a sympathy move when it is actually profitable and has half the price to sales ratio as SNAP.
It's driving me a little crazy because it made a sympathy move like this with FB when it plunged but all I can do is be patient.
Might be buying some Amazon today too, $2000 should be a really strong support level considering it consolidated just under that for 2 years before moving up to $3000.
The S&P500 literally just returned 27% in 2021.
I get expectations are super inflated given the crazy bull-run we're just coming out of, but a return to the mean or even pre-pandemic trend should not be surprising or upsetting in the slightest.