Same. Although I did pick up a ton of VTI today. Gonna be an interesting week.
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My buddy is day trading even while we are on a snowboard trip.
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Buy...Buy...Buy..
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I sold everything last week. Completely in cash. Refuse to follow this down (again).
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Well the market has broke so many records in the last week (good and bad). I personally think next week it drops back down to 18,500-19K. Then we will see the steady increase moving forward. I have talked to a ton of business owners and financal guys over the last 3 weeks and that is the general consensus as well. What are you all thinking?
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Yeah definitely haven't seen the bottom yet.
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Agree, the unemployment numbers are staggering. I sometimes think these bumps are the big boys just playing with the little guys, sweeping the pot to their side of the table one more time.
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Well, that was fun, DOW back up to 24k, these are the top stocks that bounced back after that last drop, so if it drops back down, these are sure to be winners, VZ, MSFT, PG, PEP, NOC, TMO, AMT, CM, NVDA, PYPL, SHOP, JNJ, LLY, good luck!
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Another big day today and its time to claw from 24K to 28K.
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How do we go to 28K with 30%+ unemployment?
Not sure how we are at 24K |
95 - Because the investors know this is all BS and guying when money is very cheap. They also know that business have to return or go out of business and its just a matte of time. There are companies like Best Buy, Home Depot, Walmart, and industries like oil, medical and travel that are set for massive returns. The investors are always looking 6-12 months out. Also when the free unemployment + 600 runs out in 2 months those people will be back to work!
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No doubt some companies are killing it now. Also many wont be back, tho most of the never to return are smaller and not public. I can see 50% or so going back to work soon, like you say. I got a gut feeling telling me there is another big drop remaining. Good luck on your investments!!
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The stock market it back open and it is on the climb the last two days. Lets hope it stays on course.
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25,400 - Let's gooooooo
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The investors dont believe the media it appears....
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28K very close.....
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Come on 28k!!!!!
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Dude, youre badluck^^
Ok, question. If US GDP for 2020 is a negative number, say -3, what will the market do? Relation? No relation? Not enough info? |
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Yhea - the next 90 days I would expect volatility. As the virus, china, us economy changes. Also July31 the unemployment is supposed to come to and end and this people will have to go back to work. There are still TONS of people that are choosing to stay at home instead of going to work. I woudl expect that will have a significant impact on the unemployment.
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All the "experts" have been talking about a second bottom and it does not look likely to happen now, most of the States are in decline with the virus https://coronavirus.jhu.edu/data/new-cases-50-states and everyone agrees that it is game, set, match, once they find a vaccine. |
Not obsessed at all with 28K, just a big number on the way back to 30K. I agree that there will be lots of unknowns and between the political climate and covid in the US, there are alot of variables. That does not even include worldwide happenings. I honestly expected the market to hang around 21K for awhile until things settled down a bit. There is also a real possibility of covid thing combing back wrong around election time which will impact things further.
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I think fictitious fed driven rally will come to a screeching halt. |
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equities are really the best hedge in an inflationary market. |
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Ive been super cautious since all this started and I've missed out on some big moves upward. :banghead: Just don't understand how 35M unemployed, corporate layoffs announced every day and a drop in GDP is the time to buy more equities. How does TSLA, a company yet to turn a profit, go up 40+% in a week to become the biggest (250B) car maker by market cap?? |
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Everything this guy touches turns to gold, he sold out of his $70 short shorts on his Tesla website. https://www.foxbusiness.com/markets/...n-short-shorts |
Crazy what is happening in the financial work - Stock market 28200, S&P 3,400Nas 11000, NYSE 13,000, Apple 450.
If there was not a pandemic I cant imagine what these numbers woudl look like. |
Tslaaaaaaaaaaa
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Go tsla go
stooooooooonks |
yaaaaas. my Tsla and NIO stocks are doing great !!
Thinking also about getting involved with Canoo too waiting with money on the sideline, for Rivian IPO |
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It's more than a car maker.
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Wow what a wild day.
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I cashed in my 5% off coupon, but it looks like it works for everybody.
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Bloody day so far!
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invest
Don't worry, the Donald will make a deal with the house and the stocks will go back up.
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I say 29650 by end of day Monday!
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On the slide last few days. Mixed reasons I have read. Still expect it to bounce right back this week. Lets hope.
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I haven’t invested much in the stock market besides my 401k. Have most my assets in real estate and tangible goods. Anyone bought some Walmart just for fun last week, I like their direction and expect them to steal some of Amazon’s market share long term.
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I don't see anything turning this thing around, except a Trump election and we know that's not going to happen.
https://www.foxbusiness.com/markets/...s-sept-21-2020 |
I expect it to be pretty rocky through the election. With tech bouncing all over and the race to solving the virus continues it will be a weird 5 weeks. If the #s stay low and some of these stats re-open, then the financials should go up. Also most retail vendors will start the massive hiring in about 2 weeks which will help as well. Not saying its goign back to 30K, but I suspect it will bounce from 25-29K till the election.
The real discussion is what happens if Trump wins or what happens if Biden wins? That is really the financial question. |
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Well the market did love him, but he tanked it today with his stimulus tweet. Strange move for the cheetoh.
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Tanked it? I'm pretty sure the market went red when Pelosi released her news. Premarket is green. We're less than 200 pts from all time high in the S&P. How is that a tanked market?
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Don’t think you’re following closely enough. It dropped on Trump’s tweet. Now he reversed himself on stimulus lol. He’s covid-brain-tweeting the past 24 hours it seems. Go tsla!
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anyone have positions in a spac?
or thoughts about them? I have positions in : SBE, HCAC, and my most hopeful.....DPHC |
28,885 + 11,888 + 3,538 - Great day for the markets...
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Been through my share of irrational exuberance cycles, but man. Can someone ‘splain how the current market is worth more than January’s pre-COVID market?
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holy chit TSLA after hours, w00t!!!!!!!!!!!!!
s&p babyyyyyyyy |
and just like that... back around 30,000! 401K's are awfully happy for the fourth quarter. Goign to be an interesting 60 days until Biden is in office. Then its is anybody's guess what happens. I suppose it will depend if the house and senate remain split.
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TSLA up over 8% yesterday and 5% so far today, w00t!
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Make that over 10% for the day baby!
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TSLA BABYYYYYYYYYYYYYYYYYY another 6% in the last hour
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Increased my position in MMEDF last week. I'm really glad that I did. This thing is on the move! Now that Oregon has approved the use of psychedelics, I'm hoping that this sector takes off.
Rumor is a NASDAQ listing next month. It requires a $3 share price. The fear was a reverse split. Hopefully that won't be needed. Kevin O'leary from Shark Tank is behind the scenes with them....so maybe it will continue it's climb for a bit |
another 7% for tsla today, nutso!!!
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TSLA flirted with 600 today (3,000 pre-split!). I think we'll get there Monday. Love it!
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TSLA briefly hit 650 before the close - and that’s after adding $5bil in new shares. Love it.
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Looks like TSLA may end the year over 700 w00t
Cliff wish I had gotten in early on mindmed! |
Lots and lots of green baby. EV and green going nuts!
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Ok so what does 2021 look like in the financial world?Stocks surge over 31K. Bitcoin and tesla are through the roof. Crazy world we are living in.
Typically the financial world does not like one sided politics.They like split politics to cause stability and balance. This new president and team has already straight up said taxes will go up. he has not said the deficit will go down. I am not looking for political discussion here. All signs are that between covid slowing down (in spring), unemployment dropping, and stimulus money kicking in, the first two quarters should be strong, but who knows about last two quarters. Rumor has it there is another round of PPP money coming in Feb, which is good. I am in the commercial construction business and work mostly with big retailers and amazon/telsa/google. We are bidding more than ever and it looks like we will be building heavy in the first quarter at a minimum. We have booked 20+ contracts in the last 15 days and looks to be similar to the first quarter last year which was my best quarter in 30 years. What are your thoughts? You going to continue to be aggressive investing or back it down? |
PPP isn’t a rumor and it’s coming before February. It was part of the stimulus package approved last month. There are new restrictions so fewer companies will qualify this time.
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Holy hell what a day that was!
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seriously!
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Wes, nobody gonna fault you for selling a little TSLA. It has the market cap of all other car makers combined? c'mon!
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I know it’s crazy, although Tesla is not a car maker any more than Amazon is/was a bookseller. This run has been nuts though.
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Amazon has revenues tho. |
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some PEs: Amazon, 3732, late 2012, today 93 Starbucks, 3400, 2013, today 125 (note, it went extremely high in 2013 due to heavy spending but has been in the 20-100 range otherwise) Cisco, 1975, mid 2018, today 20 Facebook, 1279, early 2013 (IPO’d May 2012), today 31 Salesforce, 4 big spikes, 970 (2007), 723 (2011), 700 (2017), 1215 (Jan 2020), today 100 Tesla, 1120 today. Was 0 until 2020 due to negative EPS |
Being valued at more than Volkswagen, Toyota, Nissan, Hyundai, GM, Ford, Honda, Fiat Chrysler and Peugeot combined while delivering about half as many cars as Ford makes F150s each year puts a lot of pressure on Tesla to actually start making more than 500k cars a year.
I think electrics are the future and Tesla’s high flier status attracts money to other industry players too, which is a good thing. |
No one thought they'd hit 500k this year - the scale up has been pretty impressive. And again, cars are almost secondary.
Elon's july tweet shows the focus... |
I waiting for Elon's Starlink to IPO.
He mentioned the possibility a couple of months ago. |
Hoping he does company X and folds us in!
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bruuuuuuhhhhhhh tsla pltr gme baby TO THE MOOONNNNN
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Another beastly 6 figure day yesterday. Maybe a bit of red today pre-earnings but moon by eow I imagine.
In a lengthy phone interview with Fortune late Friday, the Tesla CEO and world’s richest man said he was delighted about the change in the White House, given that Joe Biden seems determined to rein in climate change—a jolting break from Donald Trump. “I’m super fired up that the new administration is focused on climate,” Musk says, adding that he follows Biden on Twitter and is watching his moves carefully. |
Great breakdown on expected earnings tomorrow plus where things are headed, the (relative unimportance of the current) PE ratio, etc
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Took a big position in gme yesterday. To the moooon!
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