Jump to content
View in the app

A better way to browse. Learn more.

Surly Horns

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Featured Replies

  • Replies 18.1k
  • Views 1.4m
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • 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

Posted Images

28 minutes ago, Cheeseweasel said:

8.2% 

Let the YEET begin

I entered that symbol and my computer caught fire.  Thanks

3 minutes ago, bluto said:

This makes sense, markets back to green

The Borg is pleased

Well. That's uh... that's something. 

1 minute ago, Cheeseweasel said:

The Borg is pleased

I came to this thread to see what happened during the meeting I just got out of; and this makes as much sense as anything
military intelligence, living dead, true lies, rational markets - all are the same difference
 

14 minutes ago, Wally Fairway said:

I came to this thread to see what happened during the meeting I just got out of; and this makes as much sense as anything
military intelligence, living dead, true lies, rational markets - all are the same difference
 

David Byrne Snl GIF by Saturday Night Live

Market is fucking drunk off its rocker right now.  This is pure insanity   

2 minutes ago, Amos Moses said:

Did someone accidentally turn on the brrrt machine?

6wrze4.jpg

Apparently there’s a reason none of us are highly compensated market analysts.  Fucking insanity.

I feel like we are going to pay for this tomorrow or next week.

But for now, SNORT THE COCAINE!!!!!!!!!

7 minutes ago, Cheeseweasel said:

I feel like we are going to pay for this tomorrow or next week.

I have some SPY puts, that quickly went from green to red, that hope you are right (so this actually means you won't be right)

now where does the line start, so I can get in line, to get a line?

20 minutes ago, Hefeweizen said:

Apparently there’s a reason none of us are highly compensated market analysts.  Fucking insanity.

Been talking to a buddy who's a big hedge fund trader and he is absolutely flummoxed by the action right now.  Said there is 100% no reason for the markets to be up unless there's chatter running around that Russia is going to quit.  

16 minutes ago, Trey3216 said:

Been talking to a buddy who's a big hedge fund trader and he is absolutely flummoxed by the action right now.  Said there is 100% no reason for the markets to be up unless there's chatter running around that Russia is going to quit.  

ask him how the VIX is off 5% today.

 

WeA_e4hv3svIqH8pJIfrX3VRluNlc59xV_TG_A0x

5 hours ago, Incredulity said:

Total Gape

Every time you get high on your supply at wallstreetbets, you come in here swinging thinking you know dick all about markets and the economy, and to prepare our anus. And like clockwork, the market mushroom stamps a Brazzers sign on your forehead and leaves you walking funny.

18 minutes ago, StassneyHorn said:

Every time you get high on your supply at wallstreetbets, you come in here swinging thinking you know dick all about markets and the economy, and to prepare our anus. And like clockwork, the market mushroom stamps a Brazzers sign on your forehead and leaves you walking funny.

To be fair, the market is making no sense at all right now.  The FED isn't going to not raise rates.  The BoE is having to fight a liquidity crisis right now that could spread to global markets.  Commodity prices are wrecking other currencies which is strengthening the dollar, which will only exacerbate the pain of the coming (already here) recession.  Home prices are peaking.  Mortgage apps are cratering.  Construction financing is next to impossible to find.  A train workers strike is looming.  

 

Market up 900!!!!  Yeah, shit is beyond normal. 

AI and the Algorithms is the name of my new band, and we are playing the market with our new hit single "Celebrate - inflation ain't up 10.2%"

Next week we release "Breakneck whiplash - shits falling faster than you react"

Edited by Wally Fairway

1 hour ago, StassneyHorn said:

Every time you get high on your supply at wallstreetbets, you come in here swinging thinking you know dick all about markets and the economy, and to prepare our anus. And like clockwork, the market mushroom stamps a Brazzers sign on your forehead and leaves you walking funny.

^still buying “dips”

Edited by Incredulity

28 minutes ago, Incredulity said:

^still buying “dips”

I wish I had the balls to buy more SPY puts, because today was crazy and puts and shorts were on sale, but somehow if I did pull the trigger and leverage up (or is it down) then somehow SPY would somehow drop and at the same time my puts would drop.

So glad I have BRK.B 1/19/2024 calls, that got closer to the money today, not there yet but I have 14 months of a slow death if Uncle Warren and his crazy sidekick can't get some more traction.

“Dollar cost averaging in a bear market? That’ll never workout”

U/ElonGoesBrrrrrDoge

 

15 minutes ago, StassneyHorn said:

“Dollar cost averaging in a bear market? That’ll never workout”

U/ElonGoesBrrrrrDoge

 

^^gelded by the falling knife.

I have been reading about the 73-74 bear market and so far this market is following it pretty close. If it continues this will be the last bounce up to around the 200 day moving average... Actually higher if you follow it exactly and then the recession hits early next year and we reach new lows. It's pretty uncanny actually. And really today makes sense because this was going to be the last worst news in terms of year over year inflation being around 8%. Nov reading in 2021 is when inflation went off the rails. Add in that we traditionally have a Santa rally and yea my bet would be we go to spy 415-430 over the next 2 months then either we get a recession and drop to spy 300ish or we don't have a recession and then who the fuck knows where we go. I'm really curious to see if my 9 months of following the market closely has taught me anything. 

 

And yes I put my money where my mouth is and got in a decent chunk of cash at around spy 355. 

Interesting thesis.  I’m probably as conservatively positioned as I’ve been in a while outside of my stonk play account. 
 

I don’t like the macro feel at all right now.  But I’m usually over pessimistic.

USD remains the preeminent safe haven. 

British attempts to resurrect the voodoo economics of Maggie and Ronnie were aborted quickly with the ouster of the Kwarteng. 

As for the almighty Fed - remember PCE is their more trusted data source - not CPI.

Volatility is the name of the game. Technicals trigger tumult in the markets. 

Sometime over the past 3 years, I decided I wasn't smart enough to outthink the market and to just play the momentum and enjoy the ride. This was a great strategy from late 2020 through 2021, and really in 2022 as I was okay keeping core holdings invested and only playing on the fringes. 
But damn, I cannot for my life, figure out what the hell is going on in the market. The Fed hasn't backed off their rate rising, inflation hasn't slowed (although by Nov/Dec the YoY will look better, and core economic problems still exist (supply chain, finding employees, oh yeah and that border skirmish in Ukraine is still a thing) - and I am more cautious about jumping back into this market than I've been since the start of the pandemic.

 

tl:dr - what the fuck is going on here

 

19 hours ago, Trey3216 said:

Commodity prices are wrecking other currencies which is strengthening the dollar, which will only exacerbate the pain of the coming (already here) recession.  Home prices are peaking.  Mortgage apps are cratering.  Construction financing is next to impossible to find.  A train workers strike is looming.  

All that shit's been getting priced in over the last six months.  Markets are forward looking and I guess they believe things will have at least started to turn the corner six months from now.

18 hours ago, Incredulity said:

^still buying “dips”

Those of us that were selling when you were buying the top are buying the dips.

the momentum is about to turn today into what yesterday should've been.  

Man I thought the Apocalypse would be more fun.  You guys are boring as shit.

50 minutes ago, Wally Fairway said:

tl:dr - what the fuck is going on here

The Great Fucking of my retirement

19 hours ago, Wally Fairway said:

AI and the Algorithms is the name of my new band, and we are playing the market with our new hit single "Celebrate - inflation ain't up 10.2%"

Next week we release "Breakneck whiplash - shits falling faster than you react"

Apparently someone relesased Breakneck whiplash earlier than expected

58 minutes ago, Fudge Nuggets said:

All that shit's been getting priced in over the last six months.  Markets are forward looking and I guess they believe things will have at least started to turn the corner six months from now.

Of course it is, but I also think the market is being naieve about the problems that we are facing.  We're a marginal black swan event from having an extreme liquidity crisis, and that that black swan event could be more like a frog in the boiling pot type this go round.  I think we're going to have an incredible wave of foreclosures again due to inflationary pressures coupled with massive increases in property taxes.  Budgets are already getting hit for 20+% increases in basic necessities and then you pile on prop tax increases and other issues, and we're talking about the average family having to find an extra $1000-1500/mo just to scrape by.  

 

It's going to hit a head at some point, and it's going to be ugly.  I think the market is looking past a lot of it.  

1 hour ago, Parliament said:

Man I thought the Apocalypse would be more fun.  You guys are boring as shit.

Do not go gently into the retirement…

I dont think SPX profits have been revised downward enough. And yesterdays big gyrations aren't something you see in healthy markets. 

Still feel like there has to be some over leveraged hedge fund or bank out there that blows up before we can move forward. 

1 hour ago, Incredulity said:

ok GIF by Shock Top

I don't understand why you find it so unlikely.  I guess some of us are more interested in executing a well thought out investment strategy while others are more interested in trying to win internet points by posting stupid gifs / memes.

I'll do me, you keep doing you. Don't worry, there will be another top for you to buy sometime in the future since you are going sit around with your thumb up your ass and watch great investment opportunities fade away.

Edited by Fudge Nuggets

2 minutes ago, Fudge Nuggets said:

I don't understand why you find it so unlikely.  I guess some of us are more interested in executing a well thought out investment strategy while others are more interested in trying to win internet points by posting stupid gifs / memes.

I'll do me, you keep doing you. Don't worry, there will be another top for you to buy sometime in the future since you are going sit around with your thumb up your ass and watch great investment opportunities fade away.

images?q=tbn:ANd9GcRk_rCgpKVAcAeW1bN6352

11 minutes ago, Fudge Nuggets said:

while others are more interested in trying to win internet points by posting stupid gifs / memes.

Keegan Michael Key Snl GIF by Saturday Night Live

19 minutes ago, Incredulity said:

while others are more interested in trying to win internet points by posting stupid gifs / memes.

Christian Bale Idk GIF

2 hours ago, Fudge Nuggets said:

I don't understand why you find it so unlikely.  I guess some of us are more interested in executing a well thought out investment strategy while others are more interested in trying to win internet points by posting stupid gifs / memes.

Screenshot-2022-10-14-142554

6wxlq4.jpg

Remember all that Cocaine we snorted yesterday? Well, the dealer is here and he wants his money.

59 minutes ago, Cheeseweasel said:

Remember all that Cocaine we snorted yesterday? Well, the dealer is here and he wants his money.

Daves not here man!

Edited by Incredulity

14 hours ago, Cheeseweasel said:

Remember all that Cocaine we snorted yesterday? Well, the dealer is here and he wants his money.

Too busy snorting cocaine instead of executing a well thought out investment strategy smdh

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.