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Moglyzoke Moogleman

Moglyzoke Moogleman

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Sanrith Descartes said:
I have it on good authority that we are ending the year at 3250. Buckle up. Shits about to get real.

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C

Creslin

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Blazin said:
Sure would be... but we started the year at 4770

It's a 30% move for the year and only a little above 10% from today's close. I think 6200 is on the high end of things but 6200 is a clear 5-7% overshoot and the market loves over doing shit. We hit 6200 and we are going to get a 18-20% correction, or maybe we do 5800 and keep the next correction in that 8-12% range. All just speculation, we'll know it when we see it. If we stay volatile it's not happening.
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We just need to make it by the end of October, it was under 4200 in oct 23. 10% move in 6 weeks needed.

I don’t think we can realistically though cause I think the move above 5800-5900 is going to require some earnings.
 
Zog

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Seeing as I have information now directly in the auto manufacturing industry I'm kind of worried about insider trading, I'm assuming keeping to the tech industry I won't get any visits from the sec.

Recession is coming boys. Enjoy the rallies and green days but keep an eye on your portfolios.
 
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Tmac

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Zog said:
Seeing as I have information now directly in the auto manufacturing industry I'm kind of worried about insider trading, I'm assuming keeping to the tech industry I won't get any visits from the sec.

Recession is coming boys. Enjoy the rallies and green days but keep an eye on your portfolios.
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Go on…

Posting charts isn’t insider trading.
 
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Burnem Wizfyre

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Zog said:
Seeing as I have information now directly in the auto manufacturing industry I'm kind of worried about insider trading, I'm assuming keeping to the tech industry I won't get any visits from the sec.

Recession is coming boys. Enjoy the rallies and green days but keep an eye on your portfolios.
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Dude who can we short to make mad money?
 
Zzen

Zzen

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Permabear Zog is my favorite character in this thread. Perfect time for him make an appearance.

Looks like SPX 6000 is back on the menu boys :cool:
 
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Borzak

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Boeing workers Boeing factory workers strike after overwhelmingly rejecting contract​


When it rains it pours.
 
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Sanrith Descartes

Sanrith Descartes

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Borzak said:

Boeing workers Boeing factory workers strike after overwhelmingly rejecting contract​


When it rains it pours.
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No friendo, you are looking at it wrong. If the workers strike, they are not making planes that have parts fall off them during flight. This is a net win for humanity.
 
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Foler

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Current RKLB total % position. Prob going to apply for a quant position at Jane Street this afternoon.

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Zog

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Zzen said:
Permabear Zog is my favorite character in this thread. Perfect time for him make an appearance.

Looks like SPX 6000 is back on the menu boys :cool:
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To be honest I haven't even really been bearish for a long time, with rate cuts coming, gdp from housing alone should be enough to get the markets going crazy but hearing 40% cuts for one of the biggest manufacturing sectors in America and Europe is hard to swallow.
 
Zog

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Of course it literally doesn't matter until it's reported and you won't hear shit about it until earnings as the reason revenue fell off a cliff. 6-7 months from now.
 
Blazin

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That's a good point auto earnings do represent like 0.3% of S&P earnings so that could be really bad if that went tits up. I kid of course you should definitely trade the market based on rumors you heard.


So are we going for the high at the close? Place your bets
 
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Lightning Lord Rule

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Blazin said:
That's a good point auto earnings do represent like 0.3% of S&P earnings so that could be really bad if that went tits up. I kid of course you should definitely trade the market based on rumors you heard.


So are we going for the high at the close? Place your bets
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Shitpost Blazin is best Blazin.
 
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Sanrith Descartes

Sanrith Descartes

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Zog Zog the bear is half right. Its not his bearish stance that's wrong, its the market he is bearish on. Ladies and gentlemen I give you the 5-year chart of BABA, the "crown jewel" (along with TCEHY which is nearly as bad) of the Chinese Market.

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