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schwab is showing that SPY traded at 364 at some point today? WTF?

Can someone explain how Microsoft has seemingly had good earnings yet is going off the cliff after market?

9 minutes ago, GabrielsHorn said:

Can someone explain how Microsoft has seemingly had good earnings yet is going off the cliff after market?

Yeaaaa calls are looking tempting at open 

2 hours ago, Anastasis said:

schwab is showing that SPY traded at 364 at some point today? WTF?

Someone fucked up on a minor exchange (LTSE) and the exchange reverted the trade

The Fed issues it’s monetary policy decision tomorrow. 
 

I am expecting the Fed to announce “Whip Inflation Now.”

66935A49-C93A-4908-9E85-049B1411142D.thumb.jpeg.888ff4ed5a8662a00cf52b1fc487c29b.jpeg

And hoping their fight against inflation is already priced in. 

Edited by washparkhorn

14 hours ago, washparkhorn said:

I am expecting the Fed to announce “Whip Inflation Now.”

200.gif

Not sure if this is the right place, but we just got an HSA option at work and we have the option to invest if we want. Our options are vsiax, vbmpx, vttsx (2060 target date), vigix, and vftax.  I know nothing about these other than the 1/5/10/life are all over 18% for the last one, and only vigix and vsiax are close to that. Any advice?

Edited by UT_OB1

On 1/25/2022 at 7:53 AM, ATexanAbroad said:

This is nonsense, you can beat the market

 

 

 

 

 

#retiredat32

Go on….

30 minutes ago, Dbeasy said:

Go on….

Its a little technical here,  so stay with me......

1.) Get hammered on caiparinahs at the beach in Brazil

2.) Attempt to sell calls, get confused, sell puts instead

3.) profit

6 minutes ago, Blotto said:

Its a little technical here,  so stay with me......

1.) Get hammered on caiparinahs at the beach in Brazil

2.) Attempt to sell calls, get confused, sell puts instead

3.) profit

closed them for a .05 gain per contract too!

3 hours ago, UT_OB1 said:

Not sure if this is the right place, but we just got an HSA option at work and we have the option to invest if we want. Our options are vsiax, vbmpx, vttsx (2060 target date), vigix, and vftax.  I know nothing about these other than the 1/5/10/life are all over 18% for the last one, and only vigix and vsiax are close to that. Any advice?

All on red...

3 hours ago, UT_OB1 said:

Not sure if this is the right place, but we just got an HSA option at work and we have the option to invest if we want. Our options are vsiax, vbmpx, vttsx (2060 target date), vigix, and vftax.  I know nothing about these other than the 1/5/10/life are all over 18% for the last one, and only vigix and vsiax are close to that. Any advice?

Meh. None of them are great, but an HSA isn't going to hold much money. I'd put 50/50 in VIGIX and VSIAX or 100% in VTTSX. (Although I hate target date funds)

Market down over 200.

 

thanks a lot Jerome.

Edited by Incredulity

So I assume JPOW came out and starting spreading shit all over the walls?

2 minutes ago, Anastasis said:

So I assume JPOW came out and starting spreading shit all over the walls?

watching it now.

He is NOT good at Q and A.

 

Rates spiking too. 

Earlier today I have many moneys. Now I have fewer moneys. 

4 minutes ago, FirstTimeCaller said:

Earlier today I have many moneys. Now I have fewer moneys. 

JPOW is the tax write off king!

Ok, why the hell have they not raised rates yet? Inflation is running 7%, Fed says we are at full employment, and you can't raise 0.25% of you'll upset the whole apple cart?

This is ridiculous.

21 minutes ago, FirstTimeCaller said:

Ok, why the hell have they not raised rates yet? Inflation is running 7%, Fed says we are at full employment, and you can't raise 0.25% of you'll upset the whole apple cart?

This is ridiculous.

Because they are beating the drum of "It's not a money issue, it's a supply chain issue". The Fed is a political creature.

9 minutes ago, Cheeseweasel said:

The Fed is a political creature.

No question about that. The Creature from Jekyll Island was to designed to protect International Capital (and International Capital has demands the Fed must meet or lose the USD as the primary world’s reserve currency). 

wait their waiting till march now? everyone knows the game kids, just do it 

1 minute ago, staboner said:

wait their waiting till march now? everyone knows the game kids, just do it 

I dunno, maybe we can get this thing running hot at 8-9% in a couple of months. And then be surprised when 0.25% doesn't do anything.

The Fed’s job now - slow down an economy without crashing that fragile overheated economy.  Their QE purchases are down to leas than half of what they were a few months ago and will end in March (two years of QE). They are planning on four rate hikes this year.
 

I do think some of this volatility is a taper tantrum.   120 billion a month in QE left some sectors well supported. More speculative risks and those that run on dovish Fed policy should take a hit (and probably have already). While the Fed were brrrting QE at 120 billion a month, the markets were easier to read (as demonstrated on this thread).
 

I think we are left with a situation where the Fed Put will be left in the Fed’s toolbox until there is a much larger crisis. I am uncertain how worried the markets are about the status of the Fed Put. That was/is a lot of QE doled out. 

This graph of my parent's account shows the carnage the past month.

image.png.b96456b801b2c3d63732fd5c2512294a.png

Cool. They got in on the March 2020 dip and rode the Fed free money. People were panicky in March 2020. “Follow the Fed”apparently worked for many. Maybe too many (inflation).
 

I assume you and your parents smile when they see that chart. Congrats to them. Well done. 

Their smiles would definitely depend on their specific circumstance. The current pullback is most likely trivial to most.

Edited by Incredulity

6 hours ago, washparkhorn said:

Cool. They got in on the March 2020 dip and rode the Fed free money. People were panicky in March 2020. “Follow the Fed”apparently worked for many. Maybe too many (inflation).
 

I assume you and your parents smile when they see that chart. Congrats to them. Well done. 

I manage their brokerage account. I bought a little into the dip when a CD matured, otherwise I just held on to what I bought for them in 2013. We got lucky and got AMZN at $190, APPL at $35 before it did its splits.

I didn't mean it to be a humblebrag, but more telling the story of the pullback since January.

 

Lot of green on the market today.  No one is giving any speeches today are they?

🙄

As if it weren't already a beating to go to Lowe's/HD, Lowe's is now going to utilize some space in many of their stores for PetCo branded pet sections.  So now you'll be waiting in line to buy your plants and hardware with Karen and her 3 dogs jumping around and acting like assholes.  

 

https://www.cnbc.com/2022/01/27/lowes-will-open-mini-petco-shops-inside-some-stores.html

1 hour ago, Trey3216 said:

So now you'll be waiting in line to buy your plants and hardware with Karen and her 3 dogs jumping around and acting like assholes.  

Live in Austin. This is already the case anywhere I go.

3 hours ago, Rip76 said:

Lot of green on the market today.  No one is giving any speeches today are they?

🙄

Have you met my friends over at IBRX?

keeping an eye on the markets...

crazy-eyes-steve-buscemi.gif

 

Tim Apple on the phone with JPowell...

Captain Phillips GIF

CRSR might be looking like a good value flip for the long term. Going to start digging into it over the weekend.

10 minutes ago, Incredulity said:

so what the hell happened at 10:45 eastern?

Wally sold?

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