CNBC and several of their guests won't :-) about SNAP. Some are rationalizing the tech stocks getting hit because of SNAP. WTF cares about SNAP? Seriously? If it died tomorrow the economy couldn't give a care less.

I take this as a sign as we are getting closer to the bottom than maybe we thought. When solid tech companies like NVDA, AAPL, AMZN, GOOG, etc., start getting dumped and people are saying it's because of SNAP's shitty earnings, I say it's time to start buying.
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I have seen some divergences in indicators trying to form but still too much volatility still out there.

Home sales are starting to take a hit now. Some companies are going into slower hiring or hiring freezes. The transition from buying stuff to going out is in full force.

Plus higher food and energy prices are going to start taking out a lot of the froth in the market.

Simply put, if your company isn't turning a profit then you're probably getting killed off unless you're and AMZN or something.
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AMZN stock has been a giant pile of dog shit. I got my RSU's at $3,300 and now the stock is $2,080 - a giant loss for me.

Glad I'm leaving here next week. :-)
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They got caught in the gluteny that was Covid hand outs. People were handing money and couldn't go anywhere so they bought "stuff". Now Amazon has too much warehouse space, etc. But it will even out in the long run. No one is going to stop using Amazon.
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6-12 months off and then I need to squeeze 2 years out from somewhere. I'm gonna start looking around October

I actually wouldn't mind working overseas.
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Yep, that fits per my end of year summary.


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I actually think GOOGL and AMZN splitting soon may be good timing. Those stocks will be reasonably priced now when the day comes that money starts coming back in.

If you just google up "which companies have the most cash" you get:

AAPL
GOOGL
MSFT
Amazon

Those aren't staying down , They're the backbone of investment portfolios.
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If things hold today I will get the first buy signal on my volatility indicator since March on the QQQs. SPYs are close but not quite there.

I am also seeing some positive divergences in other indicators but we still remain firmly in a downtrend
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I'm actually looking at Vietnam. Nha Trang Beach area

Apartment on Beach $350-400 a month :-)
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Good chart action today on both the QQQs and SPYs. Looks like at the least a pause in the downtrend. Not close to calling it a reversal and won't be anytime soon.

I think the freak out over Snap Chat the other day signaled a lot of irrationality in the market. We have the best chart action right now since early March. Some positive divergences on various indicators, volatility is trying to come in and it looks like things like high gas and food prices are starting to put the kibosh on things.

Home sales and the related are starting to take a huge hit which is actually good. High gas prices are doing what the Fed didn't, wouldn't or couldn't do, which is create some demand destruction.
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My brother was telling me last night that when he was in the marines in vietnam the joke was that ." make sure you don't get captured by the women VC because they have orders to rape any and all prisoners"
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Nice! Make sure to try one of those hanging/swinging chair things with the locals. I’ve always been fascinated by the thought of that device.
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:-):-):-):-):-)
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My volatility indicators keep wanting to flash a buy signal, but these 2%-4% moves every day are erasing it.
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