OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

[Deeeez Knicks]

Anyone have some good stock tips?

[N Y K]

Anyone have some good stock tips?

don't do it to yourself.

signed,
a friend

[aq_ua]

Anyone have some good stock tips?

don't do it to yourself.

signed,
a friend

Just to add, this is probably the worst possible environment to bet on single names. Way too many uncertainties from a macro standpoint that can wipe out any singular factor. Index all the way, or at least some level of diversification.

[Deeeez Knicks]

Anyone have some good stock tips?

don't do it to yourself.

signed,
a friend

Just to add, this is probably the worst possible environment to bet on single names. Way too many uncertainties from a macro standpoint that can wipe out any singular factor. Index all the way, or at least some level of diversification.

True, basically asking more out of curiosity and education then something I would invest in.

[N Y K]

don't do it to yourself.

signed,
a friend

Just to add, this is probably the worst possible environment to bet on single names. Way too many uncertainties from a macro standpoint that can wipe out any singular factor. Index all the way, or at least some level of diversification.

True, basically asking more out of curiosity and education then something I would invest in.

I'm still getting hammered on Block (former Square). It probably will go lower. I believe in it though.

I would stay away.

sincerely,
a true friend

[JohnyWalter]

....

[HighRyzer83]

The market is bear why would anyone be investing in +? Unless you're putting options or shorting/inverse there's no money here.
Unless you're talking about buying low and DCA down for eventual rebound, but this isn't as low as it will get I suspect. Our admin sucks and completely botched this inflation and are still planning to raise the rates. Housing market will suffer. Now they're talking about changing the price index to further manipulate the public on how bad this inflation is. Our treasurer is over her head. We'll see next year, after the November elections to what the new proposals are to be more clear on the direction. My only profits right now are inverses and GUSH leveraged. Thank goodness I swapped my crypto into stables a few months ago. I agree, I don't deal with commons anymore more. The amount of research it takes to call a common is considerably more than we have vs the pros who do it for a living.

[br7knicks]

The market is bear why would anyone be investing in +? Unless you're putting options or shorting/inverse there's no money here.
Unless you're talking about buying low and DCA down for eventual rebound, but this isn't as low as it will get I suspect. Our admin sucks and completely botched this inflation and are still planning to raise the rates. Housing market will suffer. Now they're talking about changing the price index to further manipulate the public on how bad this inflation is. Our treasurer is over her head. We'll see next year, after the November elections to what the new proposals are to be more clear on the direction. My only profits right now are inverses and GUSH leveraged. Thank goodness I swapped my crypto into stables a few months ago. I agree, I don't deal with commons anymore more. The amount of research it takes to call a common is considerably more than we have vs the pros who do it for a living.

i've been saying this for a long time - that there will be a major drop

with the amount of spending that's been taking place, and the money printing, it's only going to get worse before it gets better. i said just a few months ago that everything will be on discount. just sucks that the government and administration continues to talk about spending more: they're **** idiots, clearly

i've been buying a lot recently, but am going to hold off on major spending because you're right: it's going to get worse.

[N Y K]

The market is bear why would anyone be investing in +? Unless you're putting options or shorting/inverse there's no money here.
Unless you're talking about buying low and DCA down for eventual rebound, but this isn't as low as it will get I suspect. Our admin sucks and completely botched this inflation and are still planning to raise the rates. Housing market will suffer. Now they're talking about changing the price index to further manipulate the public on how bad this inflation is. Our treasurer is over her head. We'll see next year, after the November elections to what the new proposals are to be more clear on the direction. My only profits right now are inverses and GUSH leveraged. Thank goodness I swapped my crypto into stables a few months ago. I agree, I don't deal with commons anymore more. The amount of research it takes to call a common is considerably more than we have vs the pros who do it for a living.

While I guess agree that this will go lower, I just don’t know with any certainty which direction we’re heading in tomorrow or even 2 minutes from now.

So rather gamble and miss the reversal, I continue to DCA.

[N Y K]

Just to add, this is probably the worst possible environment to bet on single names. Way too many uncertainties from a macro standpoint that can wipe out any singular factor. Index all the way, or at least some level of diversification.

True, basically asking more out of curiosity and education then something I would invest in.

I'm still getting hammered on Block (former Square). It probably will go lower. I believe in it though.

I would stay away.

sincerely,
a true friend

And like magic, SQ is down another $8 as I type this…

[HarthorneWingo]

“To be forewarned is to be forearmed.”

https://www.nytimes.com/2022/06/11/opinion/fed-federal-reserve-inflation-democrats.html

If You Must Point Fingers on Inflation, Here’s Where to Point Them

June 11, 2022

By Christopher Leonard
Mr. Leonard is the author of “The Lords of Easy Money” and “Kochland.”

As the midterm elections draw nearer, a central conservative narrative is coming into sharp focus: President Joe Biden and the Democratic-controlled Congress have a made a mess of the American economy. Republicans see pure political gold in this year’s slow-motion stock market crash, which seems to be accelerating at the perfect time for a party seeking to regain control of Congress in the fall.

The National Republican Congressional Committee in a tweet last month quipped that the Democratic House agenda includes a “tanking stock market.” Conservatives have been highlighting a video clip from 2020 when then-president Donald Trump warned about a Joe Biden presidency: “If he’s elected, the stock market will crash.” Right wing pundit Sean Hannity’s blog featured the clip under the headline: “TRUMP WAS RIGHT.”

But the narrative pinning blame for the economy’s woes squarely on Democrats’ shoulders elides the true culprit: the Federal Reserve. The financial earthquakes of 2022 trace their origin to underground pressures the Fed has been steadily creating for a over a decade.

It started back in 2010, when the Fed embarked on the unprecedented and experimental path of using its power to create money as a primary engine of American economic growth. To put it simply, the Fed created years of super-easy money, with short-term interest rates held near zero while it pumped trillions of dollars into the banking system. One way to understand the scale of these programs is to measure the size of the Fed’s balance sheet. The balance sheet was about $900 billion in mid-2008, before the financial market crash. It rose to $4.5 trillion in 2015 and is just short of $9 trillion today.
All of this easy money had a distinct impact on our financial system — it incentivized investors to push their money into ever riskier bets. Wall Street-types coined a term for this effect: “search for yield.” What that means is the Fed pushed a lot of money into a system that was searching for assets to buy that might, in return, provide a decent profit, or yield. So money poured into relatively risky assets like technology stocks, corporate junk debt, commercial real estate bonds, and even cryptocurrencies and nonfungible tokens, known as NFTs. This drove the prices of those risky assets higher, drawing in yet more investment.

The Fed has steadily inflated stock prices over the last decade by keeping interest rates extremely low and buying up bonds — through a program called quantitative easing — which has the effect of pushing new cash into asset markets and driving up prices. The Fed then supercharged those stock prices after the pandemic meltdown of 2020 by pumping trillions into the banking system. It was the Fed that primarily dropped the ball on addressing inflation in 2021, missing the opportunity to act quickly and effectively as the Fed chairman, Jerome Powell, reassured the public that inflation was likely to be merely transitory even as it gained steam. And it’s the Fed that is playing a frantic game of financial catch-up, hiking rates quickly and precipitating a wrenching market correction.

So, now the bill is coming due. Unexpectedly high inflation — running at the hottest levels in four decades — is forcing the Fed to do what it has avoided doing for years: tighten the money supply quickly and forcefully. Last month, the Fed raised short-term rates by half-a-percentage point, the single largest rate hike since 2000. The aggressiveness of the move signaled that the Fed could take similarly dramatic measures again this year.

A sobering realization is now unfolding on Wall Street. The decade of super-easy money is likely over. Because of inflation’s impact, the Fed likely won’t be able to turn on the money spigots at will if asset prices collapse. This is the driving force behind falling stock prices, and why the end of the collapse is probably not yet in sight. The reality of a higher-interest-rate world is working its way through the corridors of Wall Street and will likely topple more fragile structures before it’s all over.

-more-

With prices for gas, food and other goods still on the rise and the stock market in a state of flux, there may still be considerable pain ahead for consumers. But Americans shouldn’t fall for simplistic rhetoric that blames this all on Mr. Biden. More than a decade of monetary policy brought us to this moment, not 17 months of Democratic control in Washington. Voters should be clear-eyed about the cause of this economic chaos, and vote for the party they think can best lead us out of it.

[robillionaire]

I see another major support has broken, next stop 20k, just another 60-70% btc dip (90% more for most alts) and we will have a couple years sideways at the bottom of good buying opportunities

[br7knicks]

Full inflation hasn't kicked in yet. If you think it's at the 8%, you're clearly putting blinders on as to how bad things are, and how they're about to get.

Prepare for more drop. I keep putting more into spxu. Thank you, biden. I've been shorting the market, and you've been helping me make some nice bank.

[N Y K]

Read on Twitter

whoops

[KOA]

Read on Twitter

whoops

Whoever thought providing loans with extremely volatile collateral was a good idea?

[HarthorneWingo]

Tesla has a problem

Read on Twitter

?s=21&t=tgF4W5WSFPqcnBsvnrqrgg

[DrCoach]

Anyone have some good stock tips?

Yes, what are you interested in

[N Y K]

Anyone have some good stock tips?

Yes, what are you interested in

run deeeez

[N Y K]

who's ready for 75 bps?

[knickabocker88]

BTC under 13-17K would be a good entry point to start building a position?