Investing General Discussion

Blazin

Blazin

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According to my fintwit research this is the worst stock market crash in history and it will only be out done by the crash that is coming. We may never see above Dow 20k again in our lifetimes.
 
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Blazin

Blazin

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karma said:
shit. in that case, I'm selling everything now and investing in shitcoins. Surely they will still hold value!
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BTC holding up pretty well still well above it's correction low , could be very good for BTC to break some correlation with the the NASDAQ as people will like holding in a portfolio for risk diversification rather than just being another tech risk on trade.
 
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Jysin

Jysin

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ISM misses. Most notable being employment far below expectations.

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Gravel

Gravel

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Blazin said:
According to my fintwit research this is the worst stock market crash in history and it will only be out done by the crash that is coming. We may never see above Dow 20k again in our lifetimes.
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We finally hit the correction threshold. Pretty sure this has never happened before. I certainly can't think of a time when we've ever gone down more than 10%, can you?

Game Stop GIF
 
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Blazin

Blazin

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Gravel said:
We finally hit the correction threshold. Pretty sure this has never happened before. I certainly can't think of a time when we've ever gone down more than 10%, can you?

Game Stop GIF
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Well this is the first correction EVER where people can see a reason for it to go lower. Those other corrections were healthy and nobody minded them at all, and knew they would soon be over with no further downside.
 
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Sanrith Descartes

Sanrith Descartes

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Blazin said:
BTC holding up pretty well still well above it's correction low , could be very good for BTC to break some correlation with the the NASDAQ as people will like holding in a portfolio for risk diversification rather than just being another tech risk on trade.
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I was reliably informed for years the crypto is detached from fiat and economies and such. So why does it go red when the markets go red and green when the markets go green?
 
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Jysin

Jysin

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While this technical assumption may be correct, I believe we are in a headline driven market. EVERYTHING is going to depend on the response to tariffs. Either reciprocal ones stoking further negative pressure, or capitulation and elimination of tariffs on each side. The short term reaction to these tariffs are going to dictate price action. We may just get some of those coming today / tomorrow.
 
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Blazin

Blazin

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$1500 in the hole on QQQ buy this morning was a little quick on the trigger and was poor discipline because didn't have buy signal, sometimes you get those down big buy craze. Sloppy trading on my part. Sometimes I want to take the loss on that to punish poor decision making.
 
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