Is the stock market going to tank?

[4matic]

3% daily move in big picture is nothing. I bought BXMT and have an open order for PAXS. PLTR in the low 20’s is interesting

[Cono Este]

Vix at 40 is a historical sell/mkt buy. trying to unload a little but vanguard is down. I’m not selling it all because we gapped and I think there is enough risk on in the wrong places to be a catalyst to a liquidity/capitulation event.

Wish me luck.

[406]

funny:

"Due to a technical issue, some clients may have difficulty logging in to Schwab platforms and may have difficulty reaching us by phone. Please accept our apologies as our teams work to resolve the issue as quickly as possible."

Seems like a MAJOR fail. Guess I will not be doing any buying today.

[skaredshtles]

Went to 75% cash back on May 1 and been kicking myself since. Until Friday.

We're still not down to the May 1st level. You know what they say about timing the market...

See where it goes from here.

That's really all we can do.

[Cono Este]

I say oct 2023 low. Or, that’s my prediction. I’m not buying a fucking thing before.

[Toadman]

Nikkei is down more than 12% today and 23% in a month.

It's now back down to 1989 levels. Japan spent 35 years clawing their way back from the 1990 crash only to crash again a few months later.

Surely US markets will be a bloodbath on Monday, no?

What's driving the Nikkei into the red? I've seen the Yen getting hammered this past year. But honestly haven't been paying much attention. Does that mean I should go hit up Hokkaido next January?

[m2711c]

yen depreciation is already driving a hudge tourism increase. If you do go, pick tohoku over hokkiado to avoid the crowds of aussies and chinese.

[Name Redacted]

funny:

"Due to a technical issue, some clients may have difficulty logging in to Schwab platforms and may have difficulty reaching us by phone. Please accept our apologies as our teams work to resolve the issue as quickly as possible."

Seems like a MAJOR fail. Guess I will not be doing any buying today.

Vanguard went down too. Conspiracy? or just high volume crashing sites?

[Brock Landers]

VIX touched 29. I sold volatility

You selling more of it? Midas whale right?

[Danno]

We're still not down to the May 1st level. You know what they say about timing the market...

thought the same thing.

Saw everyone posting about bloodbaths and recession and whatnot. From one bad jobs report? WTF? And then I went to look and the DOW/S&P/NASDAQ are all down between 2-3%, which is obviously not good but hardly a market crash. Goddam are people overreacting or am I missing something?

[m2711c]

people are cattle and it don’t take much ta get teh herd ta stampede…

[m2711c]

funny:

"Due to a technical issue, some clients may have difficulty logging in to Schwab platforms and may have difficulty reaching us by phone. Please accept our apologies as our teams work to resolve the issue as quickly as possible."

Seems like a MAJOR fail. Guess I will not be doing any buying today.

Vanguard went down too. Conspiracy? or just high volume crashing sites?

https://www.washingtonpost.com/busin...-trading-down/

[Meathelmet]

What's driving the Nikkei into the red? I've seen the Yen getting hammered this past year.

Dont know how accurate.

[Name Redacted]

thought the same thing.

Saw everyone posting about bloodbaths and recession and whatnot. From one bad jobs report? WTF? And then I went to look and the DOW/S&P/NASDAQ are all down between 2-3%, which is obviously not good but hardly a market crash. Goddam are people overreacting or am I missing something?

If you ask a Republican they'll tell you we have been in a recession since the day Biden took office. Sorry. (PollyAsshat. My bad)

But yeah, the fed is about ready to start dropping rates, that should help boost some stocks I would think. But really, do people think this shit will really last forever?

[Cono Este]

Fed fears inflation more than recession. They are out of bullets.

[fastfred]

thought the same thing.

Saw everyone posting about bloodbaths and recession and whatnot. From one bad jobs report? WTF? And then I went to look and the DOW/S&P/NASDAQ are all down between 2-3%, which is obviously not good but hardly a market crash. Goddam are people overreacting or am I missing something?

every boomer is clutching their purse right now hoping for a solid bail out by the gov't so they can keep living their best life after all that boot strap pulling they've done ya know riding the greatest wave of economic prosperity ever

you are not missing anything
people love fear
some of us just keep on keeping on

[byates1]

funny:

"Due to a technical issue, some clients may have difficulty logging in to Schwab platforms and may have difficulty reaching us by phone. Please accept our apologies as our teams work to resolve the issue as quickly as possible."

Seems like a MAJOR fail. Guess I will not be doing any buying today.

The great taking.

[jono]

Fed fears inflation more than recession. They are out of bullets.

So it's finally time to fight the fed? Wear GoPro, post footie.

[MultiVerse]

It's a bull market for macro charlatans


In stock news: Google lost the Federal Antitrust Case. Judge says company is a ‘Monopolist’

[Bunion 2020]

We're still not down to the May 1st level. You know what they say about timing the market...


That's really all we can do.

I wasn't timing the market. I am at my number for retirement and with MMs paying 5% and all and my feeling that the markets were over priced I did the sell in May and go away.

[skaredshtles]

I wasn't timing the market. I am at my number for retirement and with MMs paying 5% and all and my feeling that the markets were over priced I did the sell in May and go away.

Ah - carry on. You just made it sound like you were trying to time the market with the "kicking myself" comment.

[priapism]

Went to 75% cash back on May 1 and been kicking myself since. Until Friday.See where it goes from here.

I'm cash/MM heavy now too and keeping an eye out for deals–lots of things haven't even hit their 6mo lows yet so still waiting a few more days. Eg. Apple is still up 20% from March and VTI is still up 20% from last October so a bit to fall before this is my dip. But maybe I will start a spread this week.

Not financial advice lmao. Of course time-in >> timing

[Bunion 2020]

Ah - carry on. You just made it sound like you were trying to time the market with the "kicking myself" comment.

I try not to even look or follow closely but with the rise since 5/1 it was difficult not to, except that I was pretty sure I was right.

Again, time will tell if its a blip a correction or a true sell off.

[skaredshtles]

I try not to even look or follow closely but with the rise since 5/1 it was difficult not to, except that I was pretty sure I was right.

I got out almost completely early in the pandemic, and despite being wrong about the direction of the market, I slept really well for a *long* time.

[Bunion 2020]

Peace of mind is very under rated.