Rangoth
Blackwing Lair Raider
- 1,976
- 2,082
Elon was part of some talk today(didn't listen to it) so maybe it is that? As always when this stock comes up, I have no idea how it is moving at the rate and direction it is other than just riding the market wave at this point. There is so much hype around all of the long term things they are doing and yet all actual reports are extremely negative. Car sales down, delays in R&D, things don't work properly, etc.
He used to have the fanboy left on his side with the EV thing but ever since he associated himself with Trump they 100% abandoned him! Sort of funny how quickly they turned actually. Owning a TSLA went from being a virtue signal about global warming to meaning you are a secret nazi within 6 months. The left does have amazing narrative control.
Anyway, I go with the flow of the markets other than my side bets and while some of the technical indicators still point bear it seems we may be on our way out of it. The tariff crap was overhyped as always and all of the macro economic numbers seem ok, including today's CPI. Turns out turning off the government printing machine and letting people create and run businesses is actually good.
Barring any wars, COVID 2.0, or other plot to take down Trump this summer may run quite hard! waiting for a few more indicators, but this is a market wide run, it's strong in many sectors and beyond the S&P 500. I ended up skipping my SPY trades today because it was in a trough when I had time to monitor it, but I did make some money selling puts on SG and SMMT, caught about 15% on both, though super small trades, around 5k.
He used to have the fanboy left on his side with the EV thing but ever since he associated himself with Trump they 100% abandoned him! Sort of funny how quickly they turned actually. Owning a TSLA went from being a virtue signal about global warming to meaning you are a secret nazi within 6 months. The left does have amazing narrative control.
Anyway, I go with the flow of the markets other than my side bets and while some of the technical indicators still point bear it seems we may be on our way out of it. The tariff crap was overhyped as always and all of the macro economic numbers seem ok, including today's CPI. Turns out turning off the government printing machine and letting people create and run businesses is actually good.
Barring any wars, COVID 2.0, or other plot to take down Trump this summer may run quite hard! waiting for a few more indicators, but this is a market wide run, it's strong in many sectors and beyond the S&P 500. I ended up skipping my SPY trades today because it was in a trough when I had time to monitor it, but I did make some money selling puts on SG and SMMT, caught about 15% on both, though super small trades, around 5k.
