Investing General Discussion

This might call for a .25bp raise in interest rates in a month.

Zog said:

Guess a lot of people held through the open after buying the rally and are pretty mad. Lots of anger at "them."

I wouldn't be shocked at all to find out the rally was purely retail driven and the subsequent sell off.

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Buy the dip; Sell the rip. Welcome back to 2019

Creslin said:

This has got to be the craziest market I have ever seen. Literal 5% swings in index’s daily

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It's not helping that some people feel Biden is refilling SPR because he's taking us to war.

Sanrith Descartes said:

It's not helping that some people feel Biden is refilling SPR because he's taking us to war.

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Da fuq, didn't he like drain it for the last two months? That's an abrupt about face.

Furry said:

Da fuq, didn't he like drain it for the last two months? That's an abrupt about face.

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Yup. This is why people are floating the war thing. Otherwise it's even more incompetent than normal.

Sanrith Descartes said:

Yup. This is why people are floating the war thing. Otherwise it's even more incompetent than normal.

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Ya know what, I'm pretty comfortable on just settling on extra incompetent the way this presidency has been going.

Off the lows!!!

Its truly a sign of how jaded I have become during the Corona years that I honestly dont even blink seeing -5% on the indexes. Five years ago I would have been emotionally wrecked. Today though, Its more like "fuck, GOOGL still isnt under $2300 yet".

Jysin said:

We have attempted a bounce here at the 411.21 pivot (May 2nd low). Bullish argument if this holds is we have a higher low on the daily.

I've got no real outlook on near-term market direction though.

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Realistically, we are really only around the lows of yesterday. That is how we have to think about it.

But of course they are. There is zero reason for this except for politics. Zero.