Is the stock market going to tank?

[LeeLau]

Sold a CSP on QS which is down on a short report. I was last long QS at 50s selling at 60 and was short from 90 to 60s. The short report alleges scam which I find a tough to believe based on counter DD from Gates and other investors

[CovertM]

Strange one today...Had $24.89 and $25.89 CSP on RKT expiring tomorrow. Deep ITM at this point. Somehow was still green and able to close for a paltry 20%, but I was not excited about getting assigned another few hundred shares. Weird...

ETA...took capital from closing RKT and Sold a handful each of $40P RIOT late May and $35P MARA late May.

[grapedrink]

Srs. Any advice on how to not let previous mistakes get in the way of future gains? I'm in my late 20s

My advice.. don't think you are an amazing investor because you made money in the last year. It was almost impossible to lose money in the last year, unless you were completely retarded. Hell you could have plonked all your money in an index fund a little over a year ago and almost doubled your entire portfolio. I don't think there's ever been a time in history where the broader market has delivered 95% gains in 12 months. This is literally as good as it gets, and as good as it's ever been. Even from the depths of the 2009 lows, it took three years to get to this point, relatively speaking.

Soooooo... just keep that in mind.

[Hopeless Sinner]

Bought some TSP today for my what will eventually be my kid's account so it's LTH. Will buy more on any appreciable drop.

[Benny Profane]

Delis. That's the future. Not tech, or even plastics. Delis.

https://www.cnbc.com/2021/04/15/ther...ck-market.html

[pureantigravity]

Hell you could have plonked all your money in an index fund a little over a year ago and almost doubled your entire portfolio. I don't think there's ever been a time in history where the broader market has delivered 95% gains in 12 months.

Assuming that you held cash and bought the dip? Or assuming that you held through the last few years?

Why are so many companies and people still holding so much cash? (is that even true?*) What will convince them to put it in some sort of investment?


* Was just reading in the Globe and Mail that companies are in a very much excess cash reserves situation. and that big investors are all very conservative right now.

[Hopeless Sinner]

Assuming that you held cash and bought the dip? Or assuming that you held through the last few years?

Why are so many companies and people still holding so much cash? (is that even true?*) What will convince them to put it in some sort of investment?


* Was just reading in the Globe and Mail that companies are in a very much excess cash reserves situation. and that big investors are all very conservative right now.

I am just beginning my retirement so I had cash to protect against a huge drop in the market. I did buy on the covid dip and am now slowly getting funds invested. The last year has changed my portfolio closer to my target allocation mostly on its own. I believe the reluctance to invest in stocks is many felt a correction was imminent, but basically never came and we still have a long way to go w c19.

[grapedrink]

Assuming that you held cash and bought the dip? Or assuming that you held through the last few years?

Why are so many companies and people still holding so much cash? (is that even true?*) What will convince them to put it in some sort of investment?


* Was just reading in the Globe and Mail that companies are in a very much excess cash reserves situation. and that big investors are all very conservative right now.

Assuming nothing, the S&P, Dow, Nasdaq have gained 90-110% over the last 13 months. It is what it is. It has never been easier to make money in the stock market than the last year or so.. when this kind of thing happens, young investors often think they're amazing.. this is easy! It's like someone going to Vegas and hitting black jack on their first three hands. Blackjack is easy!

My advice was to simply not get overconfident, this is a market where everyone and their dog is winning. It won't always be the case

[pureantigravity]

I am just beginning my retirement so I had cash to protect against a huge drop in the market. I did buy on the covid dip and am now slowly getting funds invested. The last year has changed my portfolio closer to my target allocation mostly on its own. I believe the reluctance to invest in stocks is many felt a correction was imminent, but basically never came and we still have a long way to go w c19.

Congrats on buying the dip! I had the opportunity but went the safer (retarded) route and now eat my lost opportunity on that one. I'm quite surprised at the irrationality of the markets. But it is what it is and timing it is futile (as I am slowly learning!).

Assuming nothing, the S&P, Dow, Nasdaq have gained 90-110% over the last 13 months. It is what it is. It has never been easier to make money in the stock market than the last year or so.. when this kind of thing happens, young investors often think they're amazing.. this is easy! It's like someone going to Vegas and hitting black jack on their first three hands. Blackjack is easy!

My advice was to simply not get overconfident, this is a market where everyone and their dog is winning. It won't always be the case

In 5 years we will look back. Will it return to mean? What is coming we can't see. In investing, the long game counts.

[shera]

Am I really the only one interested in the gme share recall? Citadel shredding at 4am on a sunday morning... The drama is so freaking amazing. BTC took a monster dump and maybe trads going on sale this week too. I am ready with my dry powder.

[JimmyCarter]

Am I really the only one interested in the gme share recall? Citadel shredding at 4am on a sunday morning... The drama is so freaking amazing. BTC took a monster dump and maybe trads going on sale this week too. I am ready with my dry powder.

[shera]

Haha, but no. Spike in cell phone/human activity as measured by the all seeing eye of google gps.

edit - also confirmed as abnormal activity by hotel employees in the vicinity.

[shera]

[shera]

OMG, what if it was the feds doing a raid, just as GG is taking over?! Ah sweet justice! I guess I've watched that White Collar show too many times, but I can dream.

[Hott Butt Mud]

What does it mean tho?

EDIT: OK, just read the rumor of treasury charging financial institutions with money laundering using crypto.

Could this just be an internet rumor? yes.
Could it be true? yes.

I will say the quick and sudden boom in crypto and NFTs has money laundering written all over it.

[shera]

If true, it can mean stocks go down - back up the truck. NFA

[LeeLau]

DFV doubled down on GME

https://www.reddit.com/r/wallstreetb...m_source=share

On my GME shares selling 20 delta covered calls I make 3% weekly. On 10 delta you can still make 1% weekly

DFV could hodl all that GME, sell the 420C March and get $4.50 per contract. Even if he just sold calls on half his position it would be $40,500 per month. Tip of the hat to that guy.

[MultiVerse]

Memes are now the leading source of alpha

[LeeLau]

Memes are now the leading source of alpha

Correlated to

[rideit]

Just put down a chunk towards travel/live music and related stocks.
Wish me luck.
Thinking longer term. (2 years?)

[4matic]

Not much bounce in ARKK after a big sell off. TSLA needs to hold.

[BobMc]

Just put down a chunk towards travel/live music and related stocks.
Wish me luck.
Thinking longer term. (2 years?)

What’d you put it in?

[shera]

Not much bounce in ARKK after a big sell off. TSLA needs to hold.

Really hoping this is just the beginning of a massive dump. Fingers crossed and orders ready. I did buy COIN but I want more ARKK.

[Lawless]

I rolled my MARA CSPs down and out a few weeks after taking assignment on one last week. Sold a CC on that when it was on the upswing this morning.

Sent from my Pixel 4 XL using Tapatalk

[shera]

Bought another COIN, cost basis going down.