Doh should have held my SARK.
Doh should have held my SARK.
Of course anything can happen, but continuing to believe that investing in a basket of unprofitable companies is wise is a high risk bet.
At least so far today, fantasy investing in fake markets is not being rewarded.
https://finance.yahoo.com/quote/ARKK/chart/#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 tang finance wrote:
https://twitter.com/wu_tang_finance/status/1276537016201723904
The Northeast is blowing up with Covid...lines with 100 people in them to get tested, lots of anecdotal breakthroughs...
let's hope this is just cases and not hospitalizations/deaths.
At some point the stock market has to care about this. People are going to stop going out and spending money.
beating up on Jim Cramer is always too easy, but Jimbo has had a particularly bad year. Although he probably changes his buy/sell recommendations as the year goes, so this may not be fair. And I'm sure this list left off the winners.
btw, and related, YTD the SP500 is doing better than the NASDAQ. Which is probably not conventional wisdom.
QQQ: +23.77%
SPY: 25.99%
https://twitter.com/silverguru22/status/1471241268596514819?s=20
It’s ok, the gov will pick up the slack and continue the PPP welfare payments.
Speaking of US gov, Pelosi is either the consummate POS, or a complete moron. There is no middle ground here. My bet is POS, I don’t think that she is so dense as to mot understand the situation.
And she’s not alone, but she is especially egregious, along with other luminaries like B!tch BcConnell and his wife.
Nothing will really happen, as I have said many times before, because everybody’s basic needs are met, and then some, for entertainment and distraction. Take away their food, heat, gas/car, electricity/web, or roof, and see what happens. Protests are currently nothing more than a social leisure activity.
Incredible times we live in. As is often the case, the worst place to be is somewhere in the middle.
Gee.
Flu like diseases rise in December in the northeast.
Shocking
I think we are basically back at the beginning of the pandemic, going through many of the same things without having obviously learned much about how to get through it with minimal loss. Where I live, cases are exploding much the same as in early 2020, except starting from higher numbers, so the daily growth is producing much bigger jumps in cases. Time will tell (hopefully soon) how much less severe this new wave will be (one of my colleagues described it as a "rogue wave" unlike the previous ones, which seems maybe right). We have not yet seen ICUs at capacity, nor fatalities grow exponentially like cases, but the explosive growth has just begun. Here's hoping carmine / unkle / K5 / Giles is right this time, and it's more or less "just the flu." I somehow think not, but I hold out hope he / she is correct...
Curious if anyone thinks we may see another big dip like in March 2020. That one was a tremendous buying opportunity, for anyone brave enough to buy in. That said, I seem to recall most of us being fairly terrified of the plummeting markets at the time... :-)
VS-SJW-IR-TS idiot wrote:
I think we are basically back at the beginning of the pandemic, going through many of the same things without having obviously learned much about how to get through it with minimal loss. Where I live, cases are exploding much the same as in early 2020, except starting from higher numbers, so the daily growth is producing much bigger jumps in cases. Time will tell (hopefully soon) how much less severe this new wave will be (one of my colleagues described it as a "rogue wave" unlike the previous ones, which seems maybe right). We have not yet seen ICUs at capacity, nor fatalities grow exponentially like cases, but the explosive growth has just begun. Here's hoping carmine / unkle / K5 / Giles is right this time, and it's more or less "just the flu." I somehow think not, but I hold out hope he / she is correct...
Curious if anyone thinks we may see another big dip like in March 2020. That one was a tremendous buying opportunity, for anyone brave enough to buy in. That said, I seem to recall most of us being fairly terrified of the plummeting markets at the time... :-)
with just about every data point suggesting Omicron is not nearly as deadly as Delta...I don't see a big market fall no.
Although a 10-15% drop would be just normal market activity so we could get that of course.
I do think Omicron is going to keep people home and not spending. The effect of that on the stock market is hard to predict. I mean we all KNOW that reduced spending now just means crazy giant spending later, down the road. So it's only lost in terms of meals not eaten out....not in overall dollars spent.
Maybe a little drop in demand would be good if it reduces demand on goods a bit so inflation can fall and interest rates can remain low.
agip wrote:with just about every data point suggesting Omicron is not nearly as deadly as Delta...
I think we don't yet know that for sure, although it does seem probable. If we look carefully at South Africa, the biggest early test case, their new cases began to skyrocket about two weeks ago, maybe a little more. Fatalities have not yet followed at similar rates, but have started to increase gradually as of about a week ago. We will know a whole lot more about severity in a couple of weeks. Fingers crossed, knock on wood, hopefully you are right...
agip wrote:
At some point the stock market has to care about this.
lmao I always love starting my morning with a good laugh! Thanks agip
Prof. Racket wrote:
agip wrote:
At some point the stock market has to care about this.
lmao I always love starting my morning with a good laugh! Thanks agip
go ahead and laugh but the FTSE is now down 1.5% from its 30-day high.
interesting:
Year to date:
Tech: +26% (VGT)
Financials: +36% (XLF)
Dividend Strat: +28% (SCHD)
Tech isn't really leading the market.
Fortune favors the brave….Bitcoin $45.9k…..
Ghost of Igloi wrote:Fortune favors the brave….Bitcoin $45.9k…..
$16K, here we come!
:-)
agip wrote:
Prof. Racket wrote:
lmao I always love starting my morning with a good laugh! Thanks agip
go ahead and laugh but the FTSE is now down 1.5% from its 30-day high.
When I think of "things in the world that actually matter," ratchet @ss exchanges in countries that haven't been relevant in 60 years doesn't usually come to mind. But it's still early in the day