LachiusTZ
Rogue Deathwalker Box
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I'm sorry.
I bought at near historic lows.
Might be a horrible mistake. Still green on steel, but fucking GE...
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Investing General Discussion
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I bought at near historic lows.
Might be a horrible mistake. Still green on steel, but fucking GE...
Sanrith Descartes
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The Fed has bought $8.7 billion worth of ETFs. Here are the details
The central bank may have achieved market stability and investor confidence without actually opening its pocketbook too much, one analysis finds.
www.marketwatch.com
Sanrith Descartes
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In my opinion we were in a fucked if you do and fucked if you don't position. I expect for generations this question will be debated. Everything sort of stems back to the global depression of the 30's. Keynesian economics came about and got us out the Depression and became the defacto macro philosophy over Austrian. One can (and thousands have) spend a lifetime and career debating Austrian vs Keynesian macro. The underlying idea comes down to this... Yes it may take us years or decades to unfuck what was done to the economy but at least we still have an economy to unfuck. Keynes would say we did the right thing because the long run doesn't matter if the economy is destroyed in the short run. Hayek would say we fucked up and should have let it sort itself out and let the strong survive and the weak starve. Who is right?
Sanrith Descartes
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Welp, Battery Day is going to be shit
www.benzinga.com
Tesla Shares Down ~9% After Hours Following Elon Musk Tweets Previewing Several Points About Tuesday's Battery Day, Warned Of Shortages Of Battery Cells, Production Ramp Delay
This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that...
www.benzinga.com
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Sanrith Descartes
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I think he was trying to temper expectations and avoid a huge run up and then a massive fall once battery day didnt give any huge surprises. He might be learning a thing or two about being a CEO. The stock is still at $2250 (pre-split value).
Sanrith Descartes
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Sanrith Descartes
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As if I needed more reason to buy PLTR...
www.vice.com
Activists Are Protesting Against Palantir Across the Country This Week
Activists in Palo Alto will hold a "good riddance" protest followed by an "unwelcome" party at Palantir's new Denver headquarters as part of a nationwide week of actions against the surveillance giant.
www.vice.com
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Gravel
Mr. Poopybutthole
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Didn't realize they were buying bond ETF's. That's kind of a different story.
The Fed has bought $8.7 billion worth of ETFs. Here are the details
The central bank may have achieved market stability and investor confidence without actually opening its pocketbook too much, one analysis finds.
Sanrith Descartes
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Been doing it for a while. Had to keep liquidity in the junk bond market or things would have turned upside down quite quickly.
Gravel
Mr. Poopybutthole
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I had thought they were buying equities. That's all I was saying.
There was all this talk about buying ETF's and the impact on the market. Usually when you say that, you think "stock market." Which is why I thought it was crazy they were injecting cash into that market.
But buying corporate bond ETF's is less crazy to me. There's more of a correlation there to securities/inflation that it sorta makes sense.
There was all this talk about buying ETF's and the impact on the market. Usually when you say that, you think "stock market." Which is why I thought it was crazy they were injecting cash into that market.
But buying corporate bond ETF's is less crazy to me. There's more of a correlation there to securities/inflation that it sorta makes sense.
Sanrith Descartes
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When they said "buying ETFs" they didn't mean equity ETFs they meant bond ETFs like JNK and LQD.
Sanrith Descartes
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Here is my question. Do you and the others think going to cash is the answer based on data or hunches? If you are seeing it in data then definitely follow the data. If its because of hunches then I question it.
I'm not saying the market wasn't due to correct (i actually posted it in this thread day or two before it hapoened). It was. It can probably drop another 5% and it won't surprise me. But then its going to go back up at some speed.
I'm not adding to IVV or QQQ because I think they are ahead of themselves still. But that doesn't mean there aren't companies that have been oversold because of index sales. Also consider the SNOW IPO. Invester sentiment is still voracious, especially for growth. If I am wrong I will ride the AAPLs and MSFTs down and then ride them back up.
Sanrith Descartes
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Pussy
Seriously though, I will just tell you to do what I do. Look for value. Every day. I have been moving more and more of my cash position into SPACS at the entry price of $10 not because they are great but because until a merger the money is sitting in escrow and I don't concern myself with a crash since I have a floor. If I make some profit on it while it sits there then bonus great. Most of the SPACS like this I am in are up 3-5% so to me thats just found money.