Stock Market (27 Viewers)

campionesidd

Senior Member
Mar 16, 2013
16,784
Martin Shkreli - wasn’t that the rogue trader dude who lost like 50M on a bad trade?
Did he? I just remember him corerning the market and raising the price on an AIDS drug and buying unreleased wu tang material
He did both lol. He was criminally convicted for securities fraud not related to the AIDS drug price gouging.
Fun fact, he started his career at Jim Cramer’s firm.
 
OP
AFL_ITALIA

AFL_ITALIA

MAGISTERIAL
Jun 17, 2011
31,778
  • Thread Starter
  • Thread Starter #1,712
    RIP frens.

    I bought $1,000 of VGK because at least that continent makes sense and I think we're going to witness a revival there over the next few years. They have a better outlook than here at least.

    Dearest Tuz, I've been thinking.

    As we get warmer and longer summers with shorter and more mild winters globally, the mosquito control business is going to be much larger going forward if not just for the annoyance factor, but also to mitigate the diseases they spread (look at EEE this past summer). In my extensive 3.6 second search, I see Orkin is publicly traded and owned by a parent company called Rollins (ROL) that holds other pest control companies. I'm about to sell out of all my LOSER companies Snapchat and SoFi and pile it all in there, after kicking myself for not doing the same with TLT like I said I was going to do back when it was in the $80s. Plus they pay a dividend, and don't look now but it seems they've even outperformed the S&P500 over a 1 year and 5 year period :think:. Might even sell what little TLT I have for it too because idk what sort of rate cuts people are expecting these days.

    Thoughts?
    I also didn't buy ROL because I'm

    R E T A R D E D
     
    OP
    AFL_ITALIA

    AFL_ITALIA

    MAGISTERIAL
    Jun 17, 2011
    31,778
  • Thread Starter
  • Thread Starter #1,715
    Almost all gains since the election have been wiped out. Debating selling all my TSLA shares. Between the tariffs, recession worries, boycotts due to political involvement, and slowing sales in China I'm just not sure how a p/e of 175 can be maintained anymore.
     

    Post Ironic

    Senior Member
    Feb 9, 2013
    42,253
    Yeah I know but what happened today exactly? Usually these sharp drops happen after stocks miss the expectations.
    The entire market has sold off hard since everyone realized that Trump was dead serious about tariffs this time and not just using them as a “negotiating tactic”. Fear-greed index is down at 15, the worst it has been in a few years. VIX is high. Musk is taking a sledgehammer to the federal government with Trump’s blessing, and Tesla is being hit hard because of this, both in terms of rapidly declining sales outside the US, and backlash from investors for being a root cause of the current market chaos.

    Today, specifically, the market reacted to Trump’s Fox News interview Sunday morning, where he refused to rule out a recession coming this year, and said he basically didn’t care if his policies crashed the market (but also said he didn’t see it crashing very far and it was just a short term disturbance). Nasdaq dropped 4.58% if you include AH. Worst day in several years. Tesla got hit hardest because Musk-Trump, but everything dropped hard today.
     
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