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the market: stocks, bonds, options, whatever

BTC is going crazy!!!

Fired my s9's back up. Almost threw them out a 5th story window a few months ago. Glad I kept them.

Does anyone buy hash here and try to hit solo blocks?
 
Yeah it's weird how well the markets are doing considering the real economy isn't doing so hot. But I got a 401k so I'm happy about it. It's weird though. BTC looks like it's about to peak HARD. I wish I had known more about investing in my crypto days. I went hard into alts and got fucked hard. $3500 into $500 (I bought Al-LAD and ETH-LAD with it). If I had hung on that would be about $2000 now. But man, my friend who got into it at the same time as me spent hours a day researching investing fundamentals and crypto, and went in on XRB (turned into NANO) when it was $0.23 per. Then for a minute in the winter 2017/2018 peak, his ~$5000 investment went to $150k. He didn't cash out then but did cash out as it went down, did trading for a while but eventually got out. Bought land and built a house from that money.
 
Its because they are printing money with unlimited QE. The current levels are fake.

www.forbes.com

Stock Market Crash: The End Game And Down The Rabbit Hole

For anyone who is not a diehard buy and holder, the near future must be one where your fingers should stay hovering near that sell button because the tightrope walk the Fed is walking for the sake of the U.S. and world economy is going to be a precarious one.
www.forbes.com www.forbes.com

All time high only because all time federal reserve spending high. Its gonna fall hard soon. Absolutely 0 way they can keep this up.

But also the dollar is down significantly in 2020. From 106 in january to breaking sub 92 today. Feds cannot just keep printing money and buying assets. They still have some to burn, though. Curious to see what they do.

Also lots of big investors are riding the wave. 2021 is going to be much different.

But the question is how can they get away with this. Oh yeah, its trump :) He does whatever he likes. Don't know if powell gets booted on the 20th too, but expect the market to correct hard very soon.
 
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Have you seen the evolution of companies profits during this 2020?

Money printing and continuous fiat money debasement via public deficit and public debt is another factor (which is fueling BTC, BTW), but stocks go up mostly because profits go up

Be careful to fall in the "this is going to crash soon" retoric. It doesn't usually work.
 
usual-suspect said:
Have you seen the evolution of companies profits during this 2020?

Money printing and continuous fiat money debasement via public deficit and public debt is another factor (which is fueling BTC, BTW), but stocks go up mostly because profits go up

Be careful to fall in the "this is going to crash soon" retoric. It doesn't usually work.
Click to expand...

Some companies are doing better. Mostly in tech, online sales, etc. Of course, everything went remote / stay at home in 2020. Airlines, cruises, disney, six flags, hotels, casinos, oil, food, entertainment, and many more are going under. You know, the stuff that makes a full economy. Lets not talk about car sales and housing.

www.cnn.com

US car sales just had their worst quarter since the Great Recession

Major automakers reported a more than 30% drop in US sales in the second quarter, the biggest plunge in sales since the Great Recession and the auto bankruptcies of 2009.
www.cnn.com www.cnn.com

California home sales volume | firsttuesday Journal

Home sales volume continues to fall back in 2023.
journal.firsttuesday.us journal.firsttuesday.us

Nobody is spending money. Along with the DXY going to shit. Not going to be pretty.

We also have stocks like tesla which are riding at 10x fair value.

2021 will be a loss on the market. I am betting on it (literally). Once trump is out, the charades will be over.

BTC at the same price it was 3 years ago. How do you explain that? But it can go either way here. I wouldn't bet on either direction since the feds / sec will come for it before it can really do anything.

This right here has to do a lot with the recent price increase. Also BTC follows the s&p. Once that falls, so will BTC.

news.bitcoin.com

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets – News Bitcoin News

Paypal bought up to 70% of all newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago.
news.bitcoin.com news.bitcoin.com
 
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TheInvisibleStoner said:
Its because they are printing money with unlimited QE. The current levels are fake.

www.forbes.com

Stock Market Crash: The End Game And Down The Rabbit Hole

For anyone who is not a diehard buy and holder, the near future must be one where your fingers should stay hovering near that sell button because the tightrope walk the Fed is walking for the sake of the U.S. and world economy is going to be a precarious one.
www.forbes.com www.forbes.com

All time high only because all time federal reserve spending high. Its gonna fall hard soon. Absolutely 0 way they can keep this up.

But also the dollar is down significantly in 2020. From 106 in january to breaking sub 92 today. Feds cannot just keep printing money and buying assets. They still have some to burn, though. Curious to see what they do.

Also lots of big investors are riding the wave. 2021 is going to be much different.

But the question is how can they get away with this. Oh yeah, its trump :) He does whatever he likes. Don't know if powell gets booted on the 20th too, but expect the market to correct hard very soon.
Click to expand...

I wish that you could cash out a 401k without big penalties. I'd turn it all into cash and then buy when the correction bottoms out.
 
Xorkoth said:
I wish that you could cash out a 401k without big penalties. I'd turn it all into cash and then buy when the correction bottoms out.
Click to expand...
You can most likely change your target retirement day. More bonds will be less risk. One of the vanguard 401k's I had, had that option.

But in reality, 30 years from now this will (or should) just be a blip.
 
Right I just meant like in a dream scenario, if I could cash out my 401k post-dip and buy it all back at the bottom of the dip and gain some sats, as it were. I realize I can't do that with a 401k though. The only stock I own outside of that is $650 of an American weed company my friend in the industry told me to watch for, I bought it for $400. Planning to just long term hodl.

I got 2 raises this year and a big promotion and am pretty much heading the entire direction of product and efficiency development in my company now (read: more raises yearly), and about to refinance my mortagage and like halve my interest rate, and am finally in a position to start saving a lot of money. So I am going to be looking into some investing in the relatively near future. I'm already contributing 10% pre-tax into my 401k and that is the maximum my company will match, so I'm maxed out there really. So time to start looking into the market, would ne good to get some short and medium-term investments, money doesn't work for you in your savings account.
 
Dollar hits new 31-month low

Falling more! 3/4 of a point and we are in the 80's!!!

If that stimulus happens dollar will fall even more.

DOW hit 30k for like 10 seconds. Trump came out to brag, then ran away.

Trump is determined to leave the shittiest situation possible for Biden. All time stock high, all time dollar low LOL
 
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Nice. Will look into that.

Doordash and airbnb coming out too.

Riot going crazy too for some reason.

I'm gonna invest in some airlines I think. They are slowly climbing.

The thing with IPO's is the will usually pump and then drop especially once the employee lockup expires. Usually hit or miss. Best to buy and hold for years and years. Mad a tad from uber, but don't think it was worth the ups and downs to barely get 2x. Should of kept holding them.
 
Ohhh...doordash ipo tomorrow it seems!

For now just been riding on ITOT. Feel like if gonna buy a stock right now, might as well buy the whole fucking market. Mostly cash. Waiting for Biden to start, have a feeling he is going to crash the market right out the gate. But we will see! If the vaccine is real deal, it may just keep going up. But for sure airlines, cruises, and casinos, and entertainment are going to be good long term I think.
 
I think we are reaching a peak in optimism, which means there's a lot to win in the long side in short term, and also menas buying protection for a crash is cheap. Nobody wants to buy puts now. My guess is that sooner than later there will be a mini-crash (not too much, something like a 10% drop in SP500 or less) and the optimism will be washed. My expectation is that there's a bull market in for a few more years

But timing the market is the hardest thing, so honestly I have no idea what's going to happen.
 
usual-suspect said:
I am curious about this company IPO:

www.investing.com

C3.ai Inc Stock Price Today | NYSE AI Live Ticker - Investing.com

View today's C3.ai Inc stock price and latest AI news and analysis. Create real-time notifications to follow any changes in the live stock price.
www.investing.com

I have the feeling is going to be a big winner
Click to expand...
Crap, it went up 120% before I have a chance to buy, what can I do now?

Ah, but I see it peaked around $115 so not too bad. Not sure what P/S ratio had this thing reached. Will keep an eye on it next weeks
 
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Haha, doordash IPO ripped today too. Unreal. I couldn't get any. I never seen shit like this.

Same for Ai.

Its a huge bubble. They will come down. Lots of motherfuckers going to be holding these days through 2021. Don't buy at that level.

I think market losing its steam. Pre market opens in 1 minute. Selling everything. The whole market fraud anyway. Unemployment numbers come today, vaccine vote today, also stimulus stalls. We will get a little rally if another stimulus comes before jan. But pretty sure all the shenanigans are over. Will return jan 21st.
 
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