Flobee
Vyemm Raider
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Take a longer view, currency printing has been off the scales since 2009. We'll see though
Investing General Discussion
- Thread starter Furious
- Start date
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Just buy an NFT. That way you have a store of value and own something tangible.IT'S A DECENTRALIZED CURRENCY!!!! GOVERNMENTS CAN'T TOUCH IT!!!
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Sanrith Descartes
Veteran of a thousand threadban wars
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Sanrith Descartes
Veteran of a thousand threadban wars
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I know people hate on ZH, but this is pretty much my investing outlook. Downturns happen and are a part of life. Buy companies who will survive the downturn and come out on the other side.
www.zerohedge.com
Zerohedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
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Blazin
Creative Title
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Qqq nearing my target of 290 while SPY is still 12 pts above target. I layed out the case that this could extend into something worse but despite that I’ll be buying likely today making last qqq purchases .
I’ll have to chuckle if I called the likely bottom of this months ago . Looks pretty ugly out there. I’m more confident going in so heavy at this level because I’m enjoying my property and if it goes further it just becomes something to no longer distract or bother me.
My gut read though is that it doesn’t. But I wouldn’t be risking short term money here on it.
I’ll have to chuckle if I called the likely bottom of this months ago . Looks pretty ugly out there. I’m more confident going in so heavy at this level because I’m enjoying my property and if it goes further it just becomes something to no longer distract or bother me.
My gut read though is that it doesn’t. But I wouldn’t be risking short term money here on it.
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Sanrith Descartes
Veteran of a thousand threadban wars
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My biggest bitch about the market right now is ABBV and UNH having levitation boots on and not dropping with everything else. It is truly aggravating.
Sanrith Descartes
Veteran of a thousand threadban wars
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AAPL breaking down. The market follows the big dogs. Always watch the big dogs.
Borzak
Bronze Baron of the Realm
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Just spectacting at this point from afar. Called in all my investments with private companies the last year. Made my small amount in a short window when I put a large amount into the market in energy earlier in the year. Now I'm just spectating.
I see gas prices dropping sharly soon. Oh nevermind. Seeing the crypto market drop first thought was imagine that, people rather have money they can easily spend on food and gas.
swayze22
Elite
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I was about to comment yesterday how far the pandemic sweetheart stocks have fallen as I was looking at PTON going from $162 to about $12 in 18months
Borzak
Bronze Baron of the Realm
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Turns out their biggest customer base was soccer moms and they really aren't fans of destroying their kid. Just a guess, especially as their disposable income shrinks.
Sanrith Descartes
Veteran of a thousand threadban wars
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It was always a shitty business model and most of us made fun of it here. Slap an ipad on an exercise bike and make users subscribe to classes on the ipad. And charge obscene amounts for said bike.
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Sanrith Descartes
Veteran of a thousand threadban wars
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The last time AAPL broke below the 50 DMA was 3/20/20. Maybe that date sounds familiar? If then broke down to the 100 DMA and bounced. I expect AAPL to continue the downtrend to $137/$138-ish. That is another 5-6% from yesterdays close. Only once in 5-years did AAPL break the 100 DMA and continue down to the 200 DMA (That was the Xmas meltdown of 2018 where they called in Mnuchin's PPT). Make of this what you will.
A this point I am using mainly 5-year charts going forward.
ps.. A fall to the 200 DMA for AAPL would be... bad. That would represent a 33% drop from yesterday's close.
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Borzak
Bronze Baron of the Realm
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The ultimate luxury item especially during high inflation/bad times.
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Jysin
Ahn'Qiraj Raider
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Added on top of that most people's fad diet / excercise regimes and any equipment typically becomes a clothes rack sitting in the corner of a room after X months. I called a few times in Jan last year about vaccines rolling out, summer around the corner.. no one in their right mind is going to want to sit on a bike indoors staring at a screen and a wall. I just wish I had more conviction to hold that short longer.
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