Technicals are out the window now.
[Reply]

Yeah, as I feared, the immediate support levels are getting blasted.
[Reply]

Down over 3% on the QQQs.....
[Reply]

Dude I dont give a shit where your dumbass has or hasn't been. If you really have been there that makes you an even bigger moron than I already knew you were for thinking their main line of business was still phones. And I guranfuckingtee my "loser strategy" has netted me more in the last couple years than yours has.

Now stop getting so worked up before your fatass strokes out or has a heart attack.
[Reply]

I recognize that I'm an optimist on this stuff, though historically optimism is a good thing for investing in stocks.

But here's my thinking. Some of this drop (and much of the recent drop) is due to the Ukraine invasion. It's a war, so it'll end or stalemate at some point. Unless the world goes insane and a bunch of nuclear launches destroy civilization, that means we'll gain back those losses once the uncertainty ends. And if civilization is destroyed, my money's gone anyway. So this seems like a time to buy.
[Reply]

It flipped over before that.

I'm a dumbass, but I'm guessing the market movers were scared about the inflation.

Inflation - employment stagnation - :-)

At least that's what happened in the 70s.
[Reply]

.


[Reply]

Holy fucking balls.

What business do they have getting in a war if they're that fucked? Or is it just that the Western Countries set out to fuck Russia in response.

I'd be interested to see the numbers they're using for that analysis because if it's based on the devaluation of the Ruble... it's unlikely it will stay there (I think?) and if there is one thing Russia is not, it's a 3rd world country.
[Reply]

Bought 150 more AMC today @ 15, average down to 21.32/share now. Still up big overall, and will be buying this site from Kyle when it rips again.
[Reply]

It's a combination of the sanctions and actions by companies.
The two banks targeted by sanctions European businesses have already folded.
With the Ruble hurting, the central bank would normally lean on foreign currency reserves but they're limited in that regard.

Shell & BP abandoned multi-billion dollar projects with two large Russian Oil producers. I'm sure they'll sell them at pennies on the dollar.

Visa & MC made it where cards issued by banks in Russia, only work in Russia. Cards issued outside Russia, won't work in Russia. Paypal stopped service to Russia.

Tons of retail vendors have just closed all their shops.

At some point, if you're isolated from the world economy and nobody will invest money into your gov or businesses, does your credit rating even matter?
[Reply]

The problem with that line of thinking is that they won't ever not do commerce with China. A majority of their energy imports come from Russia and that isn't changing.

And frankly, from an economic standpoint, it's better to get along, because if it comes to picking sides, China probably goes with Russia. Too much shared border and low-freight commerce to shit where you eat in that regard.

Spoiler for potential DC:


[Reply]

Wut?
[Reply]

I'm presuming he's getting the "up big" comment from sales he made while it was high.

It's like, the only way.
[Reply]

Tired of seeing my accounts in the red- thinking of liquidating everything?

3 more years of this shit and my accounts will be worthless.
[Reply]

LOL bunch of rookies hitting their first bear market.

Either learn how to trade and take money of the table quickly daily/weekly or decide you're in it for the long haul and invest money when things are down in solid companies, ETFs or index funds.

What's 3 more years? I don't think this will be a massive bear market and I do think we'll get a solid ride to all-time highs sometime in the next 1-2 years before a monster 50%+ bear comes along in 2-4 years. But again, it's all speculation and if one person out there could perfect timing the market.....we'd all be rich.
[Reply]