Stock Market (23 Viewers)

[Bjerknes]

That's it? Just like that with all the same headwinds? I'll be amazed if things start reversing

The 40 month EMA also is around the same area as 50% fib retracement, so he might end up being right. Problem is that means we still have a long ways down to go. Hope it happens, easy spot to enter some long term QQQ calls.

 

Buy on AliExpress.com

[AFL_ITALIA]

The 40 month EMA also is around the same area as 50% fib retracement, so he might end up being right. Problem is that means we still have a long ways down to go. Hope it happens, easy spot to enter some long term QQQ calls.

His inflation tweet is interesting too, but doesn't factor in energy prices at all.

 

[campionesidd]

The market is going to the moon.

 

[Bjerknes]

His inflation tweet is interesting too, but doesn't factor in energy prices at all.

Welp



And we're nuking...

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Yup

 

[campionesidd]

Welp



And we're nuking...

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Yup

How is inflation at 20%. These doomers are so annoying.

 

[Bjerknes]

How is inflation at 20%. These doomers are so annoying.

I always take the CPI and multiply by 2.

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Powell is a gains killer today. PLTR was up 8%. Thanks a lot bruh.

 

[AFL_ITALIA]

Well, looks like we might get that further 10% decline that Puru guy was looking for.

Glad I didn't buy this morning.

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NASDAQ still holding on it looks like

 

[Bjerknes]

PLTR starting to look good. Needs to finish strong this week to confirm the breakout of the downtrend. If so, might add on during a heavy down day. $20 Jan 2023 calls.


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Well, looks like we might get that further 10% decline that Puru guy was looking for.

Glad I didn't buy this morning.

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NASDAQ still holding on it looks like

Crazy rebound. I hope the low isn't in, but maybe the market is shrugging off the policy tightening, thinking the last couple months was enough. Heavily beaten down risk stocks getting huge bids today. Guess we'll see.

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But.. lots of puts coming through.

 

[AFL_ITALIA]

PLTR starting to look good. Needs to finish strong this week to confirm the breakout of the downtrend. If so, might add on during a heavy down day. $20 Jan 2023 calls.


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Crazy rebound. I hope the low isn't in, but maybe the market is shrugging off the policy tightening, thinking the last couple months was enough. Heavily beaten down risk stocks getting huge bids today. Guess we'll see.

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But.. lots of puts coming through.

Futures are veeery slightly up. I'd say maybe we'll just tread water, but considering how the past few weeks have gone it'll probably either soar or drop into hell with no in-between.

 

[AFL_ITALIA]

I guess we don't give a fuck about inflation anymore

 

[ALC]

I guess we don't give a fuck about inflation anymore

what happened?

 

[AFL_ITALIA]

what happened?

Nothing, that's the point . Fed raised rates slightly and now markets have been climbing for the past week, the S&P 500 is up around 8% over this time period. Tech has rebounded too, but not to previous heights. Tesla back in the 900s now from a low of around $760 for example.

 

[ALC]

Nothing, that's the point . Fed raised rates slightly and now markets have been climbing for the past week, the S&P 500 is up around 8% over this time period. Tech has rebounded too, but not to previous heights. Tesla back in the 900s now from a low of around $760 for example.

yeah inflation is preferred to anything else apparently

this will just drive up wages

 

[Dostoevsky]

But considering this crazy inflation wage increase won't bring you anything extra. But truth be told, majority of companies won't opt for a pay raise so an average person will end up having less money.

 

[Post Ironic]

yeah inflation is preferred to anything else apparently

this will just drive up wages

Unfortunately, wages never keep up during periods of high inflation.

It’s funny how average person’s buying power for inessentials has never been higher, but for essentials is actually growing worse and worse. Tech and entertainment have gotten cheaper and cheaper, but the necessities of shelter and food have spiralled out of control.

 

[ALC]

Dawg I can’t even afford bacon anymore

 

[Cerval]

Unfortunately, wages never keep up during periods of high inflation.

It’s funny how average person’s buying power for inessentials has never been higher, but for essentials is actually growing worse and worse. Tech and entertainment have gotten cheaper and cheaper, but the necessities of shelter and food have spiralled out of control.

Tech is not any better there's a shortage in materials

 

[campionesidd]

Inflation sucks, but I think the market is only of afraid of uncertainty, not of bad news that is certain.

 

[Post Ironic]

Tech is not any better there's a shortage in materials

Sure, in some ways, but in others tech is still super affordable. It’s almost as if entertainment is made affordable to distract from the fact that the actual essentials of life are not at all affordable any longer.

 

[campionesidd]

Stonks go brrrr.