Investing General Discussion

Mist said:

Okay so now chop 3 quartiles off those charts off and they look a lot like a normal pareto distribution.

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Kind of iffy when 10% alone is 73%.

And thats just who made money, theres obviously going to be a lot of women who made nothing.

Break said:

So where are the safe havens for inflation? Buy new cars for the family on credit, stock up on TP, rice, jewelry, beans and everything else with a long shelf life?

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You forgot ammo.

Khane said:

Are we really arguing about the socio-economic merit of OnlyFans.... in the investing forum?

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Tmac said:

You forgot ammo.

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Problem with guns/ammo is all it takes is one piece of legislation to make those very hard to sell legally.

Big Phoenix said:

Problem with guns/ammo is all it takes is one piece of legislation to make those very hard to sell legally.

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I’ve already made up my mind that I’ll happily be a righteous criminal. Fuck an unconstitutional law.

Khane said:

Are we really arguing about the socio-economic merit of OnlyFans.... in the investing forum?

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The real question is, if OF goes public will you be buying in. I was surprised they make that much profit just scalping a percentage off the top. Their only real moat is first to market, but its kind of an iffy market so they may not see a massive influx of competitors.

Jysin said:

CPI report came in with 3% yoy inflation. Markets spooked and dumped. Will be an interesting day.

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But the Fed and the gubmint told us there was no inflation. Printing money doesnt make inflation, amirite?

10-yr yield

Now might be a good time to take a look at your portfolio and evaluate your positions. The landscape is definitely shifting. My opinion is to focus on quality.

LachiusTZ said:

What's the expectation?

Raise interest rates since they can't say they're isn't inflation?

Or that's not real inflation?

Or healthy inflation?

Lol

Might need to go count my silver I bought at 16/oz

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They are now pricing in a 100% chance of a 25 basis pt rate hike in Dec.

FTEC - 2.65% drop will bring it down to the intermediate line of support at $104.27. If that cracks, then the last line of support is at the 200-DMA at $100.45 ( a 6.2% drop).

If you are a long term investor in Tech, I would set a buy order around the $104 price with the expectation that by Friday we could see a test of the 200-DMA where I would plan on making my second entry.
Full disclosure: I am following this plan to add to my FTEC core position.

QQQ - Intermediate support at $312.04 (4.1% drop) and the 200-DMA at $303.14 (6.8% drop).

SPY - Still above the 100-DMA at $403.62 (2.55% drop) This ties in with the 2.65% drop to support for FTEC so I expect this level to put up a fight since AAPL and MSFT are the big two in each index. The 100-DMA and intermediate support are right with each other around $391 (5.6% drop).

Two battle lines set up for all three of the indexes. The first roughly 2.5 - 3% down from yesterday's close and then around 6 - 6.5% down from yesterday's close. This is what I would be watching this week.

TSLA just went green. Why?