There was a Reddit I stumbled upon where people have been expecting another rise in GME.
And they all do this thing called DRS (as far as I can tell it means direct registering shares).
It seemed more? unhinged than wallstreetbets?
Stock Market Era |OT3| Nobody expects the Spanish Inflation!
- Thread starter Sheepinator
- Start date
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There was a Reddit I stumbled upon where people have been expecting another rise in GME.
And they all do this thing called DRS (as far as I can tell it means direct registering shares).
It seemed more? unhinged than wallstreetbets?
Nothing has changed. It's just another bankruptcy/squeeze play. Shorts piling on after hearing about potential bankruptcy and retail/daytraders looking to squeeze'em out.
sold some O and other reits that were above my costbasis
i'll buy em back after the next dump. can't trust this market
i'll buy em back after the next dump. can't trust this market
Well tomorrow morning is CPI, so that's going to be a catalyst for either further rallying or a sell off.
I think we're going to see a good CPI number tomorrow and a green market by the end of the day/week. My feeling is we're at or very near the turning point.
i'm betting-
morning pump after lower than expected cpi
afternoon dump cause why not
To be clear I still DCA no matter what since you can't time the market. It just sucks buying on a Green Day only for the next day to be blood red.
The green is certainly impressive. Plenty of stocks in my portfolio are off to a great start this year. I just hope that the rug isn't pulled out from under us soon enough.
$SPY is nearing the upper trendline of a downward channel; either it hits resistance around $400 and comes back down (which I am expecting) or it actually breaks out. If you look at the daily/weekly chart, you can see a sort of inverse head and shoulders pattern so who knows. Tomorrow is definitely a turning point in the market, I think.
Also random but there was a random crypto pump like half an hour ago. BTC touched $18K 👀
I have been watching that trendline for a while now. Its been tagging it and retreating each time. But the fact that it didnt go and hit the lower bound this time (nor arguably last time depending on how you draw the channel) could mean that it wants to break out.
Either that or it rejects again and we go back and tag that lower bound again, and this time that would be a long ass free fall.
PM looking strong at the moment. VIX really ramped up yesterday with everything else going nuts. 50 minutes~
This is what analysts expect by the way:
"According to Dow Jones, economists now expect a decline of 0.1% in the consumer price index on a monthly basis, but inflation is still expected to climb at a 6.5% rate from the prior year. That compares to a gain of 0.1% in November, and a 7.1% pace year over year. However, the CPI is well off the 9.1% peak rate in June.
Core CPI, excluding energy and food, is expected to be up 0.3% in December, gaining 5.7% on a year-over-year basis. Core CPI rose 0.2% in November and 6% on a yearly basis."
www.cnbc.com
"According to Dow Jones, economists now expect a decline of 0.1% in the consumer price index on a monthly basis, but inflation is still expected to climb at a 6.5% rate from the prior year. That compares to a gain of 0.1% in November, and a 7.1% pace year over year. However, the CPI is well off the 9.1% peak rate in June.
Core CPI, excluding energy and food, is expected to be up 0.3% in December, gaining 5.7% on a year-over-year basis. Core CPI rose 0.2% in November and 6% on a yearly basis."
Inflation is expected to have declined in December, but it may not be enough to stop the Fed
The pace of consumer inflation is expected to have fallen in December due to lower energy prices, but the annual rate was still likely uncomfortably high.
www.cnbc.com
Expected monthly: -0.1%
Real monthly: -0.1%
Expected yearly: +6.5%
Real yearly: +6.5%
Expected monthly (Core CPI): +0.3%
Real monthly: +0.3%
Expected yearly (Core CPI): +5.7%
Real yearly: +5.7%
Everything as expected by analysts.
www.bls.gov
Real monthly: -0.1%
Expected yearly: +6.5%
Real yearly: +6.5%
Expected monthly (Core CPI): +0.3%
Real monthly: +0.3%
Expected yearly (Core CPI): +5.7%
Real yearly: +5.7%
Everything as expected by analysts.
Consumer Price Index Summary - 2024 M03 Results
www.bls.gov
Data is still being digested. Let's see if there's a dump at the open though. Is there any more data today?
Yeah, lol. At least CPI is trending in the right direction, so things appear to be improving long term even if the market is stubborn about it right now.
We just might get a soft landing out of all of this yet....
biden speaks around 10 about the report
but doubt there's gonna be anything meaningful in there
Thinking today is a rally or at worst, flat. Would be good if $SPY can close at or above $395. Expecting a smaller rally tomorrow based on positive reaction from other markets (unless there's a bad data release).
That massive dump from $410 during the last CPI release...someone's gotta get squeezed out. 🤡
That massive dump from $410 during the last CPI release...someone's gotta get squeezed out. 🤡
Fuck it I'll just keep buying. I'm sure when the market eventually recovers people are going to regret not buying.
That is of course something catastrophic doesn't happen….
That is of course something catastrophic doesn't happen….
For those in the thread who DCA, do you follow a specific routine routine like "this amount at the end of the week" or is it more spread out randomly?
I recommend to automate the process to whatever time preference you have. I think if you start doing it """"randomly""" sooner or later your emotions will guide your investment process.
My bank automatically buys around the 15th of each month. I can decide the amount until a week before. It is pretty much always the same.
Remember, they talked soft with their dot plots fall 21, data wrecked them and they hit overdrive late spring. Now they're talking tough, but if the data keeps trending the way it is they will let off the brakes. Can they time it just right.... Maybe they can get it right enough to not cause serious damage. It's hard to see more than a quarter hike before taking a pause unless the trends break. Most of this inflation run was shortages combined with excess stimulus that is rolling off. I mean when you turn on a podcast these days they're pitching the god damn employee retention credit. Anyway, lets see if the trends cooperate.
Here's a question..
My company (down < 15% over the past year) is starting enrollment for a profit sharing / stock purchasing plan for the 1H. Escrow funds from gross pay amount until after June when shares are purchased at an employee discount (Like 15%). Shares can be sold immediately after buying them in June. Stock is likely to be in a good position from now and in the future for longer term holdings, but is only like 18% off the ATH currently.
Would you:
My company (down < 15% over the past year) is starting enrollment for a profit sharing / stock purchasing plan for the 1H. Escrow funds from gross pay amount until after June when shares are purchased at an employee discount (Like 15%). Shares can be sold immediately after buying them in June. Stock is likely to be in a good position from now and in the future for longer term holdings, but is only like 18% off the ATH currently.
Would you:
- Allocate the maximum to this account and sell the shares immediately in 6 months, taking the short term holdings penalty making it like a ~10%? return on investment as a whole.
- Allocate the maximum to this account and hold for 1 year to take in the discount + potential growth in share price + have the better tax situation.
- Keep the money and invest it in other stock because the opportunity to grow >15% in current market conditions between now and July or next June is the better play.
$BBBY nutting!! But yeah market is relatively up. 🍋 ✊
$COIN having a nice day. Cathie Wood sure knew how to time that recent dip buying.
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