Is the stock market going to tank?

**406** · 12-09-2021, 03:01 PM

^^^yeah, seems possible. Also seems possible they will fail at the "product" and it will just turn into a quick money grab. Win-win for them, I guess.

Thought I read they used open source code for platform...so really just need a few basic low level tech guys, not hundreds of high end developers.

**4matic** · 12-09-2021, 04:55 PM

Restarting student loan payments will threaten economic recovery, senators warn https://cnb.cx/33hwBf5

**MTT** · 12-09-2021, 06:20 PM

Originally Posted by 4matic

Restarting student loan payments will threaten economic recovery, senators warn https://cnb.cx/33hwBf5

That could take a few million tax returns out of circulation. It gets ugly when people start figuring out they are not getting a refund

**MTT** · 12-09-2021, 06:21 PM

Bad day to watch my account.

Things went down today

**BobMc** · 12-09-2021, 07:07 PM

Originally Posted by MTT

Bad day to watch my account.

Things went down today

You’re still up $80, I wouldn’t worry about it, I think you made a good buy. I’m down almost $1100 on my latest two buys, not sweating that either.

Is GME going to rally? Been a tough couple days after that brutal earnings report.

XOM dividend day tomorrow! Hoping for a dip to increase the DRIP.

**4matic** · 12-13-2021, 12:39 PM

R2K failed to fill the right side gap on the island and is close to making a lower low. January rotation coming early.

**406** · 12-13-2021, 04:28 PM

"Arena Pharmaceuticals shares are trading higher after Pfizer announced it would acquire the company for $100 per share."

I bought at $36.

**JimmyCarter** · 12-13-2021, 04:29 PM

Originally Posted by 406

"Arena Pharmaceuticals shares are trading higher after Pfizer announced it would acquire the company for $100 per share."

I bought at $36.

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**Mazderati** · 12-15-2021, 08:52 AM

So this showed up in my inbox.

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**dunfree** · 12-15-2021, 10:06 AM

Originally Posted by Mazderati

So this showed up in my inbox.

so… spam from a tgr hack? Because I got one this am too.

**JimmyCarter** · 12-15-2021, 10:07 AM

Originally Posted by Mazderati

So this showed up in my inbox.

Can I speak to you about the benefits of fractional ownership of an auction car?

Can we also invest in an NFT for the picture of the car?

**Mazderati** · 12-15-2021, 10:13 AM

Originally Posted by dunfree

so… spam from a tgr hack? Because I got one this am too.

I have a BAT and CAB accounts. Guessing it came through one of them.

**m2711c** · 12-20-2021, 10:31 AM

spicy days ahead….

**BobMc** · 12-27-2021, 11:18 PM

My account has been pretty much sideways since the start of November, up one week, down the next. The past week has been a bit better.

I’m back to being a 1/4 of a well up. It looks like it’ll cost me about 8k to have a well drilled on my property. Much like the Hayduke measurement of beers to desert mile travels I judge my profits in goals. Hopefully by spring I can be a full well up and will move onto the septic measurements of profits.

Got some Christmas money and planning on putting it into the market. The last couple years I’ve been buying stocks I pick a number I think will work based on watching the stock in question for a bit. This time I’m gonna buy in with puts.

If anything I think it’ll help give me a feel for how it works and perhaps I’ll figure out a better way to make money on a falling market.

Set a “sell to open” order to buy 100 shares of EPD at a strike of $21.50, expiry Friday. Limit at .20, which will effectively put me in the 100 at $21.30. I’m good at that price as I’m already in 348 shares at $22.64/per. I’m planning on picking up 300 more shares and this first 100 will let me practice a bit and reassess and see what price movements happen.

I’m still big on CMPS, so I set an order to sell a contract (put) with a $22.50 strike with a limit premium of $1.75, January 21 expiry. I think I’m going to hold pretty tight on that and see if I can keep all of that premium. If I’m assigned I’m good considering the trials results near May should allow more volatility and opportunities to sell covered calls.

I’ll still have a couple thousand left after that, I’m struggling to figure out what to put it in. The logical part of me tells me to go ahead and put it in EPD. The gambler in me has me reading everything I can find to put it into a growth stock.

Fun times…

**MTT** · 12-27-2021, 11:21 PM

I’ve been doing well. Bank account increased another 150$. Just today. Trying to ignore the market is going to crash talk.

**k2skier112** · 12-28-2021, 10:15 AM

I've been waiting for 2.5 years for a "correction", fuck, get on with it already, I have cash to invest

**pepperdawg** · 12-28-2021, 10:29 AM

Originally Posted by k2skier112

I've been waiting for 2.5 years for a "correction", fuck, get on with it already, I have cash to invest

yeppers....

**LeeLau** · 12-28-2021, 10:33 AM

I've thought of cash secured puts as being paid to buy something I wanted to own Bob. Good choice

I've been flat across the grandpa conservative side since September. Dividend income (reinvested) offsetting the drop in price of my tech stock heavy core holdings.

Trimmed down the yolo aggressive positions. I let the bulk of my GME get called away at the 200s and CCL at 26. Deployed quarter of the cash into Web 3.0 crypto positions. Kept half the cash around for just in case. Built a position in TRIT (massively underwater and I'm resigned to losing it all). Built another position in GGPI about which I'm more optimistic.

Still short BYND. It's my only short position.

**4matic** · 12-29-2021, 01:26 PM

5YN back above 1.30%

**jackstraw** · 12-29-2021, 03:50 PM

So the inverted yield curve has predicted the down turn historically now...forever. We had a minor blip before the feds dumped all that funny money back in a couple of years ago. Once that dry's up and we hit a potential invert again, will history hold true? Or is the speed of bots and just the general market so f'n whacked that typical indicators will not foretell the future. Interesting to see how this all plays out.

**Benny Profane** · 12-29-2021, 05:02 PM

Nobody can predict the future.

**4matic** · 01-03-2022, 10:11 AM

Big move in rates. 21 month high in the 5y.

**4matic** · 01-03-2022, 01:10 PM

30y bond is 50bp below its 52 week high of 2.50%. Long end is getting wound really tight.

**4matic** · 01-03-2022, 02:00 PM

Remember when the Fed bought apple bonds to save the economy?

“Combine Walmart, Disney, Netflix, Nike, Exxon Mobil, Coca-Cola, Comcast, Morgan Stanley, McDonald’s, AT&T, Goldman Sachs, Boeing, IBM and Ford.

Apple is still worth more.”

**CovertM** · 01-03-2022, 04:12 PM

Originally Posted by 4matic

30y bond is 50bp below its 52 week high of 2.50%. Long end is getting wound really tight.

You think the market will respond to rates steady rising?

I don't think we see anything meaningful until JPow and Fed actually play their hand. Taper actually done by March and first hike penciled in, still too much wiggle room for postponement. OMGicron and whatever next variant are the perfect scapegoat to keep things chugging along and kick the can further.

We'll see...