Is the stock market going to tank?

[4matic]

Someone has had to have their ass handed to them. There is a whole generation of traders that have never seen 1 complete mkt cycle.

My bet is interest rate swaps


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The curve had a huge one day move about a month ago.

[stalefish3169]

Had lunch in vail today the whole time I was staring at this older woman who wasn't bad looking definitely would bang after a 2 drink happy hour the work she has had done on her face was impeccable high quality stuff it just didn't match the wrinkled flab under her arms and on her legs

That's the economy in a nut shell right now


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LMAO

[MakersTeleMark]

Had lunch in vail today the whole time I was staring at this older woman who wasn't bad looking definitely would bang after a 2 drink happy hour the work she has had done on her face was impeccable high quality stuff it just didn't match the wrinkled flab under her arms and on her legs

That's the economy in a nut shell right now


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She's waiting for the next round of PPP.

[JimmyCarter]

And start with $1mil in 1945, dayum

What else are you gonna do with Nazi gold?

[dunfree]

$1 million in 1945 was already close to generational wealth, there were like 15k millionaires

[Toadman]

Consumer spending down across the board. Travel for sure could hold up well at least for the summer.

Airfare and hotel rates are crazy high these days. It's like bidding out a new kitchen. Contractors throw out a high dollar figure and someone is going to say, "what the heck! do it!"

[billyk]

Today needs a soundtrack.

[dschane]

TSA numbers still going up (Sunday the highest since thanksgiving) people shifting consumption from goods to services. Walmart/target/Costco ain’t all the same

Yet, still ~10% below the 2019 numbers.

[4matic]

Airfare and hotel rates are crazy high these days. It's like bidding out a new kitchen. Contractors throw out a high dollar figure and someone is going to say, "what the heck! do it!"

I typically search Marriott because I have the card. Their prices seem way out of line with the market. I don’t travel that much and I still had 5 free days to use this year. I suspect they might be trying to purge points. I’ve found some decent prices on Priceline for shoulder season hotels at others lately.

[dunfree]

Yet, still ~10% below the 2019 numbers.

capacity is also down from 2019, and business travel is still down from 2019. But Last month UAL said avg fare was up 23% from 2019, and they’ve got 25% more capacity to Europe this summer vs 2019

[4matic]

SMF (sac)to PDX rt $500 four weeks out wtf? Who does that?

[Kevo]

SMF (sac)to PDX rt $500 four weeks out wtf? Who does that?

I just paid $1200 to fly RT IDA to PHL to go my cousin's wedding. Wasn't any better going out of SLC for the dates I needed. It cost me less to fly JAC to LHR last summer.

I normally would have held off for such a stupid price, but it's the first chance to get that part of my family together since my grandma died from Covid 18 months ago and I doubt the remaining aunts/uncles on that side will ever be in the same place together again.

[yeahman]

Pilot shortage is hurting the airlines and smaller airports. The military isn't turning out pilots at nearly the rate they used to, and many commercial pilots retired when the pandemic hit. Our local airport (Helena) used to have pretty good prices, now it's insane. I had to book all our summer travels to visit family out of Bozeman. It was 1/3 to 1/2 the price. I actually wrote to the director of our airport to complain and he said it was the pilot shortage causing the airlines to drop flights to smaller regional airports. They need to incentivize those retired pilots to come back into service for a few years.

But other than those family visits, we're not traveling anywhere or spending any money on anything for the foreseeable future. Time to hunker in and get ready to weather the storm.

[Hott Butt Mud]

Stock market tanked today. I'm sick of all these dramatic up and downs. When will it end??

Anyone else fearful that the whole thing is going to just implode? I feel like we're one more major event away from a near complete sell-off to zero. Then, of course, after the sell-off, the hedge funds will buy back everything they have sold the last 4 weeks.

[up an down]

Stock market tanked today. I'm sick of all these dramatic up and downs. When will it end??

Anyone else fearful that the whole thing is going to just implode? I feel like we're one more major event away from a near complete sell-off to zero. Then, of course, after the sell-off, the hedge funds will buy back everything they have sold the last 4 weeks.

Zero would be an attractive price to buy... Benny could probably make his billionaire dreams come true.

[Hott Butt Mud]

I mean Draft Kings is almost down to zero. I think Benny should go all in on it.

[BobMc]

I like the ups and downs, I’ve been selling a call on XOM most mornings lately. It moves around enough that I’ve been able to buy it back within hours for at least $10 profit after fees. I call it my free lunch program.

I know I’ll have to pay some minimal taxes on the proceeds, is there some other drawback I’m not seeing? I’m up 111% on my 222 shares so being assigned on a run up wouldn’t bother me. I’ve been wanting to move more funds into EPD anyways, XOM is yielding under 4% whereas EPD is just under 7%.

[4matic]

The only stocks that haven’t been hit are the energy stocks…and maybe telecom.

Citi guy calling broad commodity pullback.

https://cnb.cx/3yH4LGN

[BobMc]

The only stocks that haven’t been hit are the energy stocks…

https://cnb.cx/3yH4LGN

Glad I went with my gut the last year and a half. Hoping my buys of this year pay off next year…

[4matic]

If oil energy supply were as under supplied as many think opec will eventually increase production. They can’t afford permanent demand destruction too early.

[BobMc]

XOM and MRO are much better equipped to print money at lower p/bbl profits than pre-pandemic. XOM claims to be able to turn a profit at $35/bbl prices from Guyana.

[Cono Este]

Stock market tanked today. I'm sick of all these dramatic up and downs. When will it end??

Anyone else fearful that the whole thing is going to just implode? I feel like we're one more major event away from a near complete sell-off to zero. Then, of course, after the sell-off, the hedge funds will buy back everything they have sold the last 4 weeks.

It’s not that bad, yet. All we’ve done is remove the Covid bubble. We gave away trillions, people bought cars and houses. It was a joke. I blame them all, they all contributed to it in a bid to keep power or remove it. Anyway, not the place to say that, pummel me in Poly ass.

I say another 20%, just keep buying, but you better have 10 yrs to hold.

My ex has a HUGE book of clients. She rode it up the last 10 yrs, basically had it handed to her. Like 500mm plus, min. Anyway, she’s got so many HNW clients that are going to give her an ulcer before this is over. She better not ask me for more!


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[dunfree]

It’s not that bad, yet. All we’ve done is remove the Covid bubble. We gave away trillions, people bought cars and houses. It was a joke. I blame them all, they all contributed to it in a bid to keep power or remove it. Anyway, not the place to say that, pummel me in Poly ass.

I say another 20%, just keep buying, but you better have 10 yrs to hold.

My ex has a HUGE book of clients. She rode it up the last 10 yrs, basically had it handed to her. Like 500mm plus, min. Anyway, she’s got so many HNW clients that are going to give her an ulcer before this is over. She better not ask me for more!


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would you prefer the places that didn’t give away money, did stricter lockdowns, and are seeing worse inflation?

[4matic]

The Dow Industrial Average is down 7% yoy. S&P down 5% yoy. No big deal..

The R2k is still 3% off the 52 wk low.

[NakedShorts]

The question we will need to ask is "Will the market make it's actual low sooner or later?"

It may take a bit for this to end but do we get a spike low and some time to enjoy some recovery or do we just get shaken and stirred with the low coming at the end of all of this.

Cono's 25 -26 k is the next stop on the track to pain town for the DOW.

Welcome to the world of Inflation in the stuff we do/use and Deflation in the stuff we own. $ is a bit confused.

Here is the list (not extensive & subject to change)

EMs borrowed in USD thinking it would go to $0 and be very cheap and easy to pay back. Now globalization is dead and the Dollar is KING and those loans are getting more expensiver.

War #3 is happening. Some just have not warmed up to the idea.

FED just blew out the Goveys Budget...if that ever mattered..
But they will also make it harder for those on the margins...So we will have less...a d it will cost more.

Since we have no replacement for fossil fuels and the fools believe otherwise we can look forward to $5 tomato's (each).

Since we now have shortages developing in FOOD things will get worse before they get better.

Since the WAR will involve China... We are FUCKededed.

Travel Bug is a symptom of the past and not a forward looking statement. Those fools will regret the spend, unless they are Dentists, they always holiday in the Summer when the kiddos are off. Not to mention you regal Retired Baby Boomers.

Since the Government is the one on life support (around the world) we can look forward to them stearing us off the cliff with them.

So after we make a nice low now or in 2023 we can look forward to watching from afar as we will get our turn, but probably we will be last and good Assets will eventually pay off nicely.