Stock Market (10 Viewers)

[campionesidd]

I like SD in some ways better than some of the Canadian stuff I mentioned, because it has a bunch of cash and no debt.

Also, remember I mentioned that fund manager who I got the ideas from? He just blocked me on Twitter (due to a total misunderstanding, he thought I said something about him that was actually about someone else).

People are so sensitive smh.

 

Buy on AliExpress.com

[alaska]

People are so sensitive smh.

lol he undid it, but yeah.

 

[alaska]

Pretty dull in the markets today, eh boys? Not much action.

 

[AFL_ITALIA]

Pretty dull in the markets today, eh boys? Not much action.

Yeah, pretty chill day overall.

 

[alaska]

Yeah, pretty chill day overall.

In a panic, all correlations go to 1. Oil is actually up on the day, and stuff like SD is down double digits. Put about $15K into oil equities today.

 

[AFL_ITALIA]

In a panic, all correlations go to 1. Oil is actually up on the day, and stuff like SD is down double digits. Put about $15K into oil equities today.

At some point, I figure these prices have to harm demand at some level though

 

[alaska]

At some point, I figure these prices have to harm demand at some level though

At some point, yes. But supply is really constrained, so even if we see some demand destruction, I would be comfortable.

A massive recession would obviously hurt, but that would hurt everything (other than, like, buying puts).

 

[campionesidd]

In a panic, all correlations go to 1. Oil is actually up on the day, and stuff like SD is down double digits. Put about $15K into oil equities today.

I’m concerned about investing in oil, because that’s all everyone talks about these days. Shoeshine boys and all that.

 

[alaska]

I’m concerned about investing in oil, because that’s all everyone talks about these days. Shoeshine boys and all that.

I hear you, but the valuations for the smaller companies are still very reasonable price. Low-mid single digit cash flow multiples. And take SD, which I mentioned, has a bunch of cash and no debt.

I should add, obviously none of this is investment advice and I don't know WTF I'm talking about.

 

[AFL_ITALIA]

 

[Bjerknes]

Whatever happens, I just want to see all these people in the housing and mortgage industry get fucked so hard. Their arrogance is just as bad as Saylor and the BTC folks. Please please please, crash housing so hard, bring back the American dream. I don’t care what happens elsewhere, I want to see pain.

 

[swag]

Whatever happens, I just want to see all these people in the housing and mortgage industry get fucked so hard. Their arrogance is just as bad as Saylor and the BTC folks. Please please please, crash housing so hard, bring back the American dream. I don’t care what happens elsewhere, I want to see pain.

I actually would love to see Saylor get meme stock margin call pantsed where his gaping black hole sucks all of MicroStrategy into oblivion. But the housing and mortgage industry more than usual?

Granted, it got bloated and fat over the past Covid years in an outsized way like crypto and the stonks overall. But I'm presuming this is more millennial resentment?

 

[ALC]

What’s a better idea, buy now before interest rates go up again in mid July or wait and see what happens?

 

[U Picciriddu]

Close to selling my body now

 

[swag]

Close to selling my body now

When the only thing left to HODL is your pud.

 

[AFL_ITALIA]

What’s a better idea, buy now before interest rates go up again in mid July or wait and see what happens?

I think it's best to consider the location when asking this question. I personally do not believe housing prices are going t come down significantly in major cities even if there is a crash (there won't be). And even if they do, I don't think it'll last particularly long. You simply cannot increase the number of houses in cities like New York unless you create more land somehow. In suburbs I see it differently simply because there's space and this is where new homes are generally built anyway.

How many people are sitting on cash piles like us and "waiting" for a crash? I can only assume that any somewhat notable drop in price would end up being short-lived or cushioned by our generation throwing money at the housing market in response.

This is just my belief though, I struggle to see it any other way.

 

[Knowah]

My 2.75% mortgage looking hot as fuck right now.

 

[lgorTudor]

How many people are sitting on cash piles like us and "waiting" for a crash?

Are you saying that people will use their cash stack to buy the only asset class that hasn't dipped? Imagine the shit & piss 500 will dump another 30% by EOY or 50% by EO23, would you really go and spend your money on something at ATH and letting the opportunity go? Look at the shit & piss from 2009 on. FED will be hawkish for a long time but not forever

 

[AFL_ITALIA]

Are you saying that people will use their cash stack to buy the only asset class that hasn't dipped? Imagine the shit & piss 500 will dump another 30% by EOY or 50% by EO23, would you really go and spend your money on something at ATH and letting the opportunity go? Look at the shit & piss from 2009 on.

But do not forget, you cannot make a shelter out of AAPL shares. Housing is a necessity. Seeing your portfolio go up is great and all, but owning a good house in a great neighborhood is something that will affect you in real terms every single day for the rest of your life. Sure you can rent, but then one of your base needs is left at the mercy of someone else, and I know that's not a way I want to live for sure. Hell, I'd liquidate all my holdings for a loss right now if I could get a nice house for the money. Could always make more money and invest afterwards anyway. This depends on the person though I guess.

 

[.zero]

Whatever happens, I just want to see all these people in the housing and mortgage industry get fucked so hard. Their arrogance is just as bad as Saylor and the BTC folks. Please please please, crash housing so hard, bring back the American dream. I don’t care what happens elsewhere, I want to see pain.

housing and lending need a major kick in the teeth