Investing General Discussion

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Zzen

Potato del Grande
2,975
3,684
You should probably make a bulk purchase of Magnum condoms for your thick veiny cock before inflation kills your purchasing power.
 
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Jysin

Ahn'Qiraj Raider
6,593
4,610
Moc went from over 3B to sell, then to 2B, then flipped to 700M buy.

See you guys next week !
 
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Il_Duce Lightning Lord Rule

Lightning Fast
<Charitable Administrator>
11,327
62,213
Hmm, I wonder how much further this rally goes for the indexes? SPY looks like we're close to the 200DMA right now. Resistance is up just below the 100DMA which is 451 and 454 respectively. QQQ meanwhile ran into the 50DMA today, and the 200D is at 367 with the resistance line being basically right there with it.

I'd be extremely happy to get back to 367 QQQ, but I highly doubt there is enough momentum to keep us at that level (or climb past it again) for the next few months. In other words, I'm guessing this is a temporary relief rally and not a sign that negative sentiment in the market is over for the next few months. This would continue the theory that we're 'mirroring 2018'.

Then again, this time last year is when everything pretty much went off to the races for 7 months straight. Who knows?


Queue Blazin Blazin to come and correct me here :p
 
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Sanrith Descartes

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Hmm, I wonder how much further this rally goes for the indexes? SPY looks like we're close to the 200DMA right now. Resistance is up just below the 100DMA which is 451 and 454 respectively. QQQ meanwhile ran into the 50DMA today, and the 200D is at 367 with the resistance line being basically right there with it.

I'd be extremely happy to get back to 367 QQQ, but I highly doubt there is enough momentum to keep us at that level (or climb past it again) for the next few months. In other words, I'm guessing this is a temporary relief rally and not a sign that negative sentiment in the market is over for the next few months. This would continue the theory that we're 'mirroring 2018'.

Then again, this time last year is when everything pretty much went off to the races for 7 months straight. Who knows?


Queue Blazin Blazin to come and correct me here :p
Monday will be a tell. A ton of options call gamma dropped today.
 
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Borzak

Bronze Baron of the Realm
26,395
34,989
When EF Blazin talks... People listen.



Only boomers will get this.

Read a while back EF Hutton paid a big fine for kiting deposits between accounts and investing the kited/non existent money. I think shortly after they got bought out. Yeah those commercials were everywhere.
 
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Hateyou

Not Great, Not Terrible
<Bronze Donator>
17,542
47,265
March and April are notoriously shit months for restaraunts. You get that mid February bump from v-day and then it's shit until May.

You can't just look at one year's worth of data, and you can't compare to the past 2 years either, so you need to look at average monthly restaurant spending from say 2013-2019 for comparison.
I think normal people are just starting to notice inflation. I’ve heard a ton of people talking about it the past month or so, and not just “I heard inflations bad” like the past six months but how much their gas cost that week, how much their groceries went up, how it cost them $30 for lunch at five guys for two people. When people start noticing shitty fast food seems expensive they start to cut it. I’m guessing RV sales have taken a shit recently? Or will soon if not.
 

Gravel

Mr. Poopybutthole
41,299
140,713
It's crazy to me people haven't noticed inflation in food. Didn't they just say year over year it's up 24%? That's not a small amount. And it hits groceries and eating out, so it's not like you're avoiding it somehow.
 

Asshat wormie

2023 Asshat Award Winner
<Gold Donor>
16,820
30,969
The aforementioned bond fund that my dad switched to in 2008 has returned 1.68% a year since then. :emoji_cry:
 
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Captain Suave

Caesar si viveret, ad remum dareris.
5,528
9,511
It's crazy to me people haven't noticed inflation in food. Didn't they just say year over year it's up 24%? That's not a small amount. And it hits groceries and eating out, so it's not like you're avoiding it somehow.
7.9% average according to these numbers, for whatever they're worth. 13% on meat and eggs. Feels like more than that at the register and in LA restaurant prices are up at least 10-15%.

 
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Sanrith Descartes

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The aforementioned bond fund that my dad switched to in 2008 has returned 1.68% a year since then. :emoji_cry:
Now think how much wealth has been missed by all those people in those time/age funds telling them to put x into bonds because of their age.
 
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Aldarion

Egg Nazi
10,195
28,267
I think normal people are just starting to notice inflation. I’ve heard a ton of people talking about it the past month or so, and not just “I heard inflations bad” like the past six months but how much their gas cost that week, how much their groceries went up, how it cost them $30 for lunch at five guys for two people. When people start noticing shitty fast food seems expensive they start to cut it. I’m guessing RV sales have taken a shit recently? Or will soon if not.
Its only a month or two ago I was getting kicked off other forums for mentioning inflation. They said it was "too political" and asked me for sources. lol. "Its not really inflation, its just supply chain issues!" they said.

I wouldnt hate this timeline so much if I didnt have to share it with so many NPCs
 
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Break

Golden Baronet of the Realm
4,568
12,566
At least ribeye/New York strip is finally coming down in my neck of the woods, it's mostly back to pre-pandemic prices, until summer cookouts at least.
 

Sanrith Descartes

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At least ribeye/New York strip is finally coming down in my neck of the woods, it's mostly back to pre-pandemic prices, until summer cookouts at least.
Yeah the steak price increases have made my Atkins diet a bit painful.
 

Furry

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<Gold Donor>
23,027
30,583
At least ribeye/New York strip is finally coming down in my neck of the woods, it's mostly back to pre-pandemic prices, until summer cookouts at least.
Don't forget to check bulk meat prices. Ribeye went to like 15$ a pound here, while Prime rib (essentially the same cut) was rocking 6.99$ at the same time. I just said fuck it and bought a whole prime rib... they didn't have anyone authorized to cut the thing working at the store because of staffing shortages, lol. 100$ for 18 lbs of ribeye. Not bad.
 
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Big Phoenix

Pronouns: zie/zhem/zer
<Gold Donor>
47,229
101,412
1647814548332.png
 
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