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Sanrith Descartes

Sanrith Descartes

Von Clippowicz
<Aristocrat╭ರ_•́>
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AAPL finished over the 200 DMA
MSFT over the 100 DMA
AMZN over the 100 DMA
HD over the 100 DMA
MA over the 200 DMA
V over the 200 DMA
UNH over the 200 DMA
QQQ over the 100 DMA
SPY over the 100 DMA
DIA over the 100 DMA

We are by no means in what I would call a good place, but we are building a nice layer of support with the bigs and the indexes. The exception being the Comm sector because they have been ass-raped of late. Once we start getting some closure on things like Ukraine and the midterms, I could see us ending the year strong.
 
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Zog

Zog

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The situation in Taiwan and Pelosi's trip might be something if things do turn ugly (im really doubting anything happens) after a good amount of capital has been positioned for this rally here. More often than not these things are just a bunch of hubris but it's been on everyones radar since pre-ukraine invasion, im sure many feel the same way that even with extremely bullish price action, after so long of being bearish its hard to shake off the anticipation of a sell off. These things have a habit of happening when the market is closed.

“If US fighter jets escort Pelosi’s plane into Taiwan, it is invasion,” Hu wrote on Twitter. “The [Chinese military] has the right to forcibly dispel Pelosi’s plane and the US fighter jets, including firing warning shots and making tactical movement of obstruction. If ineffective, then shoot them down.”

She has many planned stops and Taiwan being the last, I dont have any positions leading into the weekend for this reason. If you remember, Russia invaded Ukraine over the weekend and that monday futures were very, very red.
 
Falstaff

Falstaff

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Zog said:
The situation in Taiwan and Pelosi's trip might be something if things do turn ugly (im really doubting anything happens) after a good amount of capital has been positioned for this rally here. More often than not these things are just a bunch of hubris but it's been on everyones radar since pre-ukraine invasion, im sure many feel the same way that even with extremely bullish price action, after so long of being bearish its hard to shake off the anticipation of a sell off. These things have a habit of happening when the market is closed.

“If US fighter jets escort Pelosi’s plane into Taiwan, it is invasion,” Hu wrote on Twitter. “The [Chinese military] has the right to forcibly dispel Pelosi’s plane and the US fighter jets, including firing warning shots and making tactical movement of obstruction. If ineffective, then shoot them down.”

She has many planned stops and Taiwan being the last, I dont have any positions leading into the weekend for this reason. If you remember, Russia invaded Ukraine over the weekend and that monday futures were very, very red.
Click to expand...
not sure why I care to point this out but Russia invasion of Ukraine started on a Wednesday night in the U.S.
 
Zog

Zog

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Falstaff said:
not sure why I care to point this out but Russia invasion of Ukraine started on a Wednesday night in the U.S.
Click to expand...

You're probably right, just going by memory though, if you're using google or something to find this info, the build up on the border and a lot of false info was going around at that time, the actual dumping didnt start until the following monday.

Regardless, Im just saying I dont want to go short in the middle of a rally and I dont want to go long with this event coming up very soon.
 
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Blazin

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FY3Sj6VXoAIG6l5.jpg
 
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Nightmare

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Mist said:
I used to believe this shit and I'm about 4 years further from retirement than I should be because of it.

The market looks rigged, manipulated, dramatic, etc from day to day but over a 20+ year timeline it is absolutely the best path towards increasing your financial wellbeing dramatically. Not taking advantage of tax-advantaged investing is basically just giving your money to the government for free.
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I'm not saying you shouldn't take advantage of markets just because there's crime. It's a great wealth generation tool. I'm just saying a lot of the secrets of "wall street" is crime. In private conversation most of wall street will probably agree.

Lets just be real, if anyone claims to be educated on the inner workings of our markets and comes to the conclusion that it's "fair" for everyone is a fucking tool. lol

That doesn't mean it's still not the best wealth generation platform there is. How else can the .01% make all their money if they don't let the plebs play in the sand?
 
Mist

Mist

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I don't think there's any historical precedent for what we're going into.

There's certainly no precedent in modern times for this:

1659225630505.png


There's no precedent in modern times for our political dysfunction. Tech's bubble seems to be bursting pretty hard as well, as if we've maxed out all the economic growth you can milk from smartphones and fast-scaling apps and the future of growth in that department doesn't seem so great. Cloud remains pretty fucking strong though, so who knows.

On the flipside, the US is almost undoubtedly in one of the strongest positions globally. We're largely energy independent, food independent, with a strong currency to buy what we do need from abroad. The labor situation is healthy, maybe the healthiest it has been in a long time, as young people are finding decent jobs in the workforce at a much younger age than any of us that graduated into the Bush years or the early Obama years of the great recession, some of them are even skipping college to get good jobs. This will give those kids more capital to buy things and more experience to start their own businesses. If we can continue to reshore jobs we'll remain at near max employment for years to come. Demand for goods, labor and services remains high and the main limits on the domestic economy are supply constraints of goods and labor.

Post-war is probably the closest historical analog but also maybe a mix of the 1970s era too.
 
Sanrith Descartes

Sanrith Descartes

Von Clippowicz
<Aristocrat╭ರ_•́>
41,535
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