Jysin
Ahn'Qiraj Raider
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No one knows for certain. Dude was claiming to go all-in on reopening travel stock plays when myself and others were warning of his bias. Dude ghosted shortly after his positions dropped 50+%.
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Investing General Discussion
- Thread starter Furious
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Sanrith Descartes
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My hunch is he got rattled a bunch by people making fun of his paper trade posts so he decided to use actual money on some of his shorts and Mr. Market kicked him in the balls.
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Gravel
Mr. Poopybutthole
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I mean, the fundamental behind the market is ownership in companies that pay out excess revenue to the owners.
That's the big reason I laugh whenever people compared crypto to the stock market.
If you ignore "trading" (becoming a buy and hold investor), you're only talking about becoming an owner in business(es). If you think that's a scam, well, everything is a scam then.
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Sanrith Descartes
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Sanrith Descartes
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I attribute this mentality to retail investors coming in and having zero understanding of financial fundamentals. Whether you think PE ratio is a good metric or bad being immaterial to this point, the amount of investors buying and selling stocks who dont even understand what it represents is staggering. Same with things like income statements and balance sheets. Retailers today are buying memes and tweets. Then they wonder why the market is a "scam" and "rigged".
ps.. The market is a rigged scam btw, it just isnt for the reasons retailers think it is.
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Jysin
Ahn'Qiraj Raider
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Jysin
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About $4.5 USD sandwich only.
Having just visited family in FL, I am convinced fast food is far more inflated in the US. The two outings were a Big Mac meal for like $11 and a Taco Bell visit that cost me $12. Insanity.
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Moglyzoke Moogleman
This Site Sucks Hairy Asshole
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Zzen
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Sanrith Descartes
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Sanrith Descartes
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Tmac
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Sanrith Descartes
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Sanrith Descartes
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Thats what they are doing. The "media" are screaming recall.
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ShakyJake
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Sanrith Descartes
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Jysin
Ahn'Qiraj Raider
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Fed Bullard scaring the market here.
15:06 (US) Fed’s Bullard (Non-Voter): Would not rule anything out for next Fed meeting including supporting a 50 bps hike; Favors peak rate of 5.375% and wants to reach it the soonest
- I advocated for 50 bps hike at last meeting
- Skeptical labor market will cool as much as some expect, but inflation can still fall
- Sees drop in long-term yields as vote of confidence inflation will fall, less need for premium
- Recent data has made markets realize battle against inflation will be long
- Advocated for half point at last meeting to get adequately restrictive faster
15:06 (US) Fed’s Bullard (Non-Voter): Would not rule anything out for next Fed meeting including supporting a 50 bps hike; Favors peak rate of 5.375% and wants to reach it the soonest
- I advocated for 50 bps hike at last meeting
- Skeptical labor market will cool as much as some expect, but inflation can still fall
- Sees drop in long-term yields as vote of confidence inflation will fall, less need for premium
- Recent data has made markets realize battle against inflation will be long
- Advocated for half point at last meeting to get adequately restrictive faster
Sanrith Descartes
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So the guy who wanted a 50 last meeting is in favor of a 50 next meeting. Color me shocked. And the market somehow thinks this is worth a dump. Algos gonna algo.