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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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16 hours ago, BearSchlong said:

...glad I didn't place any buy orders this morning.

This his now you humble brag on the 6th Street.

3 minutes ago, Fudge Nuggets said:

Why would anyone freak out over a recession? They are part of the economic cycle. 

It’s a fucking joke.  You see the mistake in the image?
 

Don’t be such a hard on.

Edited by Incredulity

2 minutes ago, Incredulity said:

It’s a fucking joke.  You see the mistake in the image?
 

Don’t be such a hard on.

It was an honest question you overly defensive grouchy fuck.

Just now, Fudge Nuggets said:

It was an honest question you overly defensive grouchy fuck.

You realize where you are?

Atlanta FED GDPNow was at .9 for Q2.  It was at 1.3 on June 1st. 

 

Last quarter, it did a similar drop and the final estimate I believe was .7.  So this is tracking toward a second straight negative quarter and recession by definition.   

39 minutes ago, Trey3216 said:

Atlanta FED GDPNow was at .9 for Q2.  It was at 1.3 on June 1st. 

 

Last quarter, it did a similar drop and the final estimate I believe was .7.  So this is tracking toward a second straight negative quarter and recession by definition.   

So when do I buy a car?

Just a few more days like today and I will be able to get out of the calls that I sold, and maybe even the puts that I "invested" in with the proceeds from selling those calls

On 6/8/2022 at 3:10 PM, Wally Fairway said:

Just a few more days like today and I will be able to get out of the calls that I sold, and maybe even the puts that I "invested" in with the proceeds from selling those calls

yesterday & today .... well that makes 2 

2 minutes ago, Incredulity said:

Well that fucking sucked

Wait until the the CPI reports tomorrow...

Wait until the the CPI reports tomorrow...

8.6%

Astronomically above projections.

My prediction for today:

Dow -3.2%
NASDAQ -4.8%

It’ll be a bloodbath even for these times.
On 5/23/2022 at 2:11 PM, Wally Fairway said:

Today's bump made it seem like a good time to sell a couple of SPY 6/17 calls. 

And while I'm at it why not invest the proceeds in dinner 6/17 SPY puts.

What could go wrong? Time will tell

Shit - those have been a hell of a ride, were up early, went down for a couple of weeks, and just this week started to come back. Sold half this morning to take some of the profits that today's news drove. Holding to see what happens from here. 

1 hour ago, Wally Fairway said:

Shit - those have been a hell of a ride, were up early, went down for a couple of weeks, and just this week started to come back. Sold half this morning to take some of the profits that today's news drove. Holding to see what happens from here. 

In anticipation of the CPI report this morning, I bought some 6/10 SPY 400 puts with a strike for $.30 yesterday. Sold them at $6.00 this morning after the open and felt pretty good about it, but those fuckers are at 9.50 now.  Sadly, I only threw $240 at it, but between those and my larger positions in July 400 puts and Aug 390puts, my gamble portfolio is comfortably green today despite the carnage in just about every individual stock I hold. 

I'm overhedged right now, where if the markets move down my portfolio goes up. And I've been that way since early April. Buy puts, bank profits, rinse /repeat. SPY $350-$360 end of summer has always been my "dont know what the fuck I'm doing, but my best guess" gamble theory. I see nothing that will drive the markets consistently higher from here. Rate hikes havent really even started yet and energy concerns arent getting sorted out any time soon. And things are probably much better here than Europe, China and the rest of the world really. Shit could get interesting. Should be plenty of volatility in any case. 

2 minutes ago, Parliament said:

Chill out guys.  We'll be fine.

 

IMG951459_20220610_132345.jpg


what a clown 

Next quarter GDP will be negative 

13 minutes ago, Parliament said:

Chill out guys.  We'll be fine.

 

IMG951459_20220610_132345.jpg

Well that is certainly another sign that we are already in a recession.

Cramer is a clown, but I tried searching for that tweet just to laugh at the inevitable replies, and its nowhere to be found. I guess he could have deleted it, but my guess is someone faked it and posted it on r/WSB

11 minutes ago, Blotto said:

Cramer is a clown, but I tried searching for that tweet just to laugh at the inevitable replies, and its nowhere to be found. I guess he could have deleted it, but my guess is someone faked it and posted it on r/WSB

Wait. Are you telling me the Internet fakes things? 

17 minutes ago, Blotto said:

Cramer is a clown, but I tried searching for that tweet just to laugh at the inevitable replies, and its nowhere to be found. I guess he could have deleted it, but my guess is someone faked it and posted it on r/WSB

Still though...


8.6%

Astronomically above projections.

My prediction for today:

Dow -3.2%
NASDAQ -4.8%

It’ll be a bloodbath even for these times.

So, I suspect this will be similar to September 10 when we lose 42-23 instead of 56-10?
2 hours ago, Blotto said:

Cramer is a clown, but I tried searching for that tweet just to laugh at the inevitable replies, and its nowhere to be found. I guess he could have deleted it, but my guess is someone faked it and posted it on r/WSB

If it were Cramer, there would have been a tweet with the exact opposite prediction 12 hours later. That’s how he is always “right”. 

Edited by Dr. Teeth

25 minutes ago, Parliament said:

So how bad's it gonna be tomorrow?  Give it to me straight.

 

image.gif

This is such a dope interview. Well worth the listen. So many interesting points but a few stood out to me. 
 

Every time we have knocked down 5% inflation it was by raising the Fed funds rate above cpi. That’s impossible now. 
 

There’s never been 5% inflation and been a soft landing. 
 

he calls recession early to mid 2023. 
 

overall this guy is just a goat but impressively humble given his record. Allsome. 
 

Interviewed by one of the brothers that co-founded Stripe, a payments behemoth. Still privately owned 

Is this -6% sp future quote I see right. Cause this seems fun.  

This is such a dope interview. Well worth the listen. So many interesting points but a few stood out to me. 
 
Every time we have knocked down 5% inflation it was by raising the Fed funds rate above cpi. That’s impossible now. 
 
There’s never been 5% inflation and been a soft landing. 
 
he calls recession early to mid 2023. 
 
overall this guy is just a goat but impressively humble given his record. Allsome. 
 
Interviewed by one of the brothers that co-founded Stripe, a payments behemoth. Still privately owned 

The recession is here now.
7 hours ago, texhorn said:


The recession is here now.

This, if someone is saying ‘23 I am not sure how much the rest of what they are saying makes sense.

21 hours ago, Parliament said:

So how bad's it gonna be tomorrow?  Give it to me straight.

 

Screenshot_20220613-070003_Chrome.jpg

So how bad's it gonna be tomorrow?  Give it to me straight.

Pretty fucking bad
22 hours ago, Parliament said:

So how bad's it gonna be tomorrow?  Give it to me straight.

fuck.gif.3d74fc37f13882603afd091ec6e7b47f.gif

so it appears to me that the three indexes have not been in a bear at the same time yet this year.  Nasdaq 100 is bear now, and S and P 500 will be bear today or tomorrow?  Dow will be last to bear, maybe tomorrow or Wednesday, or Dow might avoid a bear? 

When do we get the official announcement we are in recession?  Am thinking that heads for more losses and the markets hit bottom sometime next year? Iow, this is not a quick in and out recession is it? This is a go deep and long 18 month recession, I am guessing.

 

There are going to be some low hanging fruit at some point, just don't know when. 

 

 

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