Stock Market bubble - will crash

[lickin_starfish 1,919]

Asses are getting pounded this week.

[Cdub100 3,887]

16 minutes ago, lickin_starfish said:

Asses are getting pounded this week.

I bought a little bit today.

 

NVDA

CLSK

FDVV

[JuneJuly 193]

I've been waiting for this.  Good time to rebalance and start pushing in chunks that have been sitting on the sidelines making 5%.  I wouldn't mind a full blown correction and even teetering into recession category when the fed finally gets the balls to reduce interest rates.  Working on locking in bond ladders by the end of the year.  I've been planning for this.

Guppies cheer the highs and boo the lows.  Sharks take advantage of both.  

[JuneJuly 193]

I actually sold some REIT funds when balancing an account today.  It's been a couple years since that's happened.   Nice to take advantage of the cycles.  

[thegeneral 3,121]

7 minutes ago, JuneJuly said:

I've been waiting for this.  Good time to rebalance and start pushing in chunks that have been sitting on the sidelines making 5%.  I wouldn't mind a full blown correction and even teetering into recession category when the fed finally gets the balls to reduce interest rates.  Working on locking in bond ladders by the end of the year.  I've been planning for this.

Guppies cheer the highs and boo the lows.  Sharks take advantage of both.  

This is one thing we agree on.

I am waiting with my sidelines money for another few weeks at least. This correction has been long overdue. 

[easilyscan 912]

3 hours ago, Cdub100 said:

I bought a little bit today.

 

NVDA

CLSK

FDVV

One would think Nvidia is at the very least, nearing oversold territory. Fidelity High Dividend ETF looks interesting as well, although I was somewhat surprised to see that the top 3 holdings are members of the magnificent 7 & all 3 yield under 1%

I suppose the fund manager is just trying to juice the returns.

I'm considering initiating a small position in Amazon in my HSA & IRA, & adding $5000 of T Rowe price value in my taxable account.  

Banks are the hardest hit sector today. I sold citizens financial group CFG at around $44 earlier this week. Realized it was up 70% since my purchase last September & thought of the famous Warren Buffett quote. Pigs get fat, & hogs get slaughtered, so I took my profits. It's currently trading around $39 and I'm considering going back in.

 

[nobody 2,652]

2 hours ago, JuneJuly said:

I've been waiting for this.  Good time to rebalance and start pushing in chunks that have been sitting on the sidelines making 5%.  I wouldn't mind a full blown correction and even teetering into recession category when the fed finally gets the balls to reduce interest rates.  Working on locking in bond ladders by the end of the year.  I've been planning for this.

Guppies cheer the highs and boo the lows.  Sharks take advantage of both.  

I'd be shocked if we don't get a cut in September.

[Cdub100 3,887]

1 hour ago, easilyscan said:

One would think Nvidia is at the very least, nearing oversold territory. Fidelity High Dividend ETF looks interesting as well, although I was somewhat surprised to see that the top 3 holdings are members of the magnificent 7 & all 3 yield under 1%

I suppose the fund manager is just trying to juice the returns.

I'm considering initiating a small position in Amazon in my HSA & IRA, & adding $5000 of T Rowe price value in my taxable account.  

Banks are the hardest hit sector today. I sold citizens financial group CFG at around $44 earlier this week. Realized it was up 70% since my purchase last September & thought of the famous Warren Buffett quote. Pigs get fat, & hogs get slaughtered, so I took my profits. It's currently trading around $39 and I'm considering going back in.

 

NVida has had some sell off this week so I wanted a little bit

FDVV is something I've been buying for a long time. It's a growth dividend ETF so no surprise it has the Mag7 in it. I throw a few hundred at it if the market dumps like it did today.

I've been buying clean spark since $4 It's going to have a huge run up when BTC rips this fall/winter and I will sell it all around the same time when I start moving out of BTC and eth.

[easilyscan 912]

8 minutes ago, Cdub100 said:

FDVV is something I've been buying for a long time. It's a growth dividend ETF so no surprise it has the Mag7 in it. I throw a few hundred at it if the market dumps like it did today.

I do the same thing with funds and individual stocks. Doesn't always mean we're buying @ the bottom, but guarantees we're not buying at the top.

 

[Cdub100 3,887]

10 minutes ago, easilyscan said:

I do the same thing with funds and individual stocks. Doesn't always mean we're buying @ the bottom, but guarantees we're not buying at the top.

 

It's my favorite time to buy. I'm not trying to catch a falling knife either if it keeps dumping next week I probably won't buy more.

[nobody 2,652]

I guess wall street thinks the Fed waited to long to drop rates.  If they come in off the top rope with 0.5% cut in September are they all just going to pile back in?  I don't think we have systemic risk here, but maybe I'm being naive.

[thegeneral 3,121]

Paul Pelosi just bought in for 10k more NVDA shares ️

Actually last week. Bought another 10k in June.

Hot stock tips!

[JuneJuly 193]

35 minutes ago, nobody said:

I guess wall street thinks the Fed waited to long to drop rates.  If they come in off the top rope with 0.5% cut in September are they all just going to pile back in?  I don't think we have systemic risk here, but maybe I'm being naive.

No.   The opposite.  They better not cut two quarters.  

[nobody 2,652]

29 minutes ago, JuneJuly said:

No.   The opposite.  They better not cut two quarters.  

I'm not quite following you.  Opposite of what?

[JuneJuly 193]

14 minutes ago, nobody said:

I'm not quite following you.  Opposite of what?

I think a quarter is already baked in.  If they come off the top rope as you say with two quarters I'm afraid the rotation out of stock continues.  This past couple of weeks is because the rates aren't coming quick enough coupled with the unemployment showing the economy slowing.  But, the only way to make it worse is to start cutting too quick, September is only a month away.  They should stick with 0.25% and try to land this thing.  Cut again in December if you need to.  

[Cdub100 3,887]

1 hour ago, nobody said:

I guess wall street thinks the Fed waited to long to drop rates.  If they come in off the top rope with 0.5% cut in September are they all just going to pile back in?  I don't think we have systemic risk here, but maybe I'm being naive.

My thesis is the market dumps when rate cuts start,

[Gepetto 1,354]

On 7/18/2024 at 1:34 PM, Gepetto said:

I just moved all of my Roth 401K out of mutual funds to safe investments.

I timed it again!!! July 18th, 2024. That is the 3rd time I moved out of Mutual Funds to safe fixed income. First time I did that was right when Covid started, 2nd time was when I started this thread and 3rd time was two weeks ago.  My fixed income is going up every day pretty much and more than I expected it even could. Not like my Large Cap Mutual Funds did from Jan 2, 2024 to July 18, 2024, but timing has been everything. I don't know how I do it. Gut instinct.

[IndyColtsFan 325]

1 hour ago, Cdub100 said:

My thesis is the market dumps when rate cuts start,

Says the guy who lost 100 percent of his retirement to a scammer and managed to get back only 30 percent.

Mr. Phisher Investments.

[IndyColtsFan 325]

3 hours ago, Cdub100 said:

It's my favorite time to buy. I'm not trying to catch a falling knife either if it keeps dumping next week I probably won't buy more.

You're such a beacon of investment hope.

[Cdub100 3,887]

22 minutes ago, IndyColtsFan said:

You're such a beacon of investment hope.

I'm honest about my wins and losses. I'm very long cat food thanks to low T soy boys like you.

Hopefully you don't get this handle banned. I'm losing track of all your alias. 

[IndyColtsFan 325]

4 minutes ago, Cdub100 said:

I'm honest about my wins and losses. I'm very long cat food thanks to low T soy boys like you.

Hopefully you don't get this handle banned. I'm losing track of all your alias. 

A loss of 100 percent is pretty staggering. Winning back 30 percent of that loss is nothing about which to brag, smelt sniffer. 

[Cdub100 3,887]

Just now, IndyColtsFan said:

A loss of 100 percent is pretty staggering. Winning back 30 percent of that loss is nothing about which to brag, smelt sniffer. 

Still more than the 2% your whole life milk annuity scam offers. 

[IndyColtsFan 325]

8 minutes ago, Cdub100 said:

Still more than the 2% your whole life milk annuity scam offers. 

Both of my annuities have doubled in value in the last eight years, despite a pandemic and the bloodiest war on European soil since World War II.

All of my mutual funds have doubled as well. 

My whole life is earning 6.3 percent - tax free - right now. And my variable universal life - also growing tax free in the market - is kicking ass as well. 

For what I put into the whole life over 10 years, I'll be able to collect double that - tax free - for 20 years in retirment.

Meanwhile, you're still trying to get out of being 70 percent in the red after a scammer focked you over.

I'm doing just fine, considering I've got two pensions to go with Social Security plus investments that have doubled in the past eight years.

Thanks for playing. Perhaps the Krav Maga has damaged your brain to the point when you think you're winning from the bottom of a financial well.

You're not exactly the gold standard when it comes to retirement planning.

 

[JuneJuly 193]

24 minutes ago, IndyColtsFan said:

Both of my annuities have doubled in value in the last eight years, despite a pandemic and the bloodiest war on European soil since World War II.

All of my mutual funds have doubled as well. 

My whole life is earning 6.3 percent - tax free - right now. And my variable universal life - also growing tax free in the market - is kicking ass as well. 

For what I put into the whole life over 10 years, I'll be able to collect double that - tax free - for 20 years in retirment.

Meanwhile, you're still trying to get out of being 70 percent in the red after a scammer focked you over.

I'm doing just fine, considering I've got two pensions to go with Social Security plus investments that have doubled in the past eight years.

Thanks for playing. Perhaps the Krav Maga has damaged your brain to the point when you think you're winning from the bottom of a financial well.

You're not exactly the gold standard when it comes to retirement planning.

 

Whole and variable life insurance.  

Definitely an insurance salesman,  not an investment advisor.  

[JuneJuly 193]

1 hour ago, IndyColtsFan said:

Both of my annuities have doubled in value in the last eight years, despite a pandemic and the bloodiest war on European soil since World War II.

All of my mutual funds have doubled as well. 

My whole life is earning 6.3 percent - tax free - right now. And my variable universal life - also growing tax free in the market - is kicking ass as well. 

For what I put into the whole life over 10 years, I'll be able to collect double that - tax free - for 20 years in retirment.

Meanwhile, you're still trying to get out of being 70 percent in the red after a scammer focked you over.

I'm doing just fine, considering I've got two pensions to go with Social Security plus investments that have doubled in the past eight years.

Thanks for playing. Perhaps the Krav Maga has damaged your brain to the point when you think you're winning from the bottom of a financial well.

You're not exactly the gold standard when it comes to retirement planning.

 

You know that the whole life dividend isn't the return "making" rate right?  Lol. And it's not tax free. Tax deferred is still taxed as ordinary income. 

I guess it's better to pay monkeys to sell this crap by reading off note crads than it would be to have someone actually understand that they're terrible investments. 

[lickin_starfish 1,919]

Looks like the markets are gonna have a red ass today.

[HellToupee 1,715]

Could be a very bad day. Let’s hope not

[Cdub100 3,887]

With a 100% chance of a rate cut next FOMC I didn't expect the selling to start now. 

[Cdub100 3,887]

On 8/2/2024 at 8:25 PM, IndyColtsFan said:

Says the guy who lost 100 percent of his retirement to a scammer and managed to get back only 30 percent.

Mr. Phisher Investments.

Do you lie to the old people you're scamming that you didn't know a dump was coming?

[Cdub100 3,887]

On 8/2/2024 at 9:08 PM, IndyColtsFan said:

Both of my annuities have doubled in value in the last eight years, despite a pandemic and the bloodiest war on European soil since World War II.

All of my mutual funds have doubled as well. 

My whole life is earning 6.3 percent - tax free - right now. And my variable universal life - also growing tax free in the market - is kicking ass as well. 

For what I put into the whole life over 10 years, I'll be able to collect double that - tax free - for 20 years in retirment.

Meanwhile, you're still trying to get out of being 70 percent in the red after a scammer focked you over.

I'm doing just fine, considering I've got two pensions to go with Social Security plus investments that have doubled in the past eight years.

Thanks for playing. Perhaps the Krav Maga has damaged your brain to the point when you think you're winning from the bottom of a financial well.

You're not exactly the gold standard when it comes to retirement planning.

 

I just read this 

Whole life 

Also bragging about your retirement only doubling during one of the most explosive times to invest in history isn't the flex you think it is.

Go back to scamming Martha with your sh1tty 2% whole milk bullsh1t. Maybe take your 2x bragging to an AARP meeting. I'm sure they will be impressed. 

[seafoam1 2,925]

20 minutes ago, Cdub100 said:

I just read this 

Whole life 

Also bragging about your retirement only doubling during one of the most explosive times to invest in history isn't the flex you think it is.

Go back to scamming Martha with your sh1tty 2% whole milk bullsh1t. Maybe take your 2x bragging to an AARP meeting. I'm sure they will be impressed. 

If that guy finds a couple quarters on a sidewalk he thinks he's rich. 

[kilroy69 1,245]

This is the AI crash. Wall street had itself convinced that AI was going to change everything. They thought it was going to make them soooooo much profits without any labor costs.  Turns out they were being overly optimistic about how much of an impact it actually had. 

[seafoam1 2,925]

12 minutes ago, kilroy69 said:

This is the AI crash. Wall street had itself convinced that AI was going to change everything. They thought it was going to make them soooooo much profits without any labor costs.  Turns out they were being overly optimistic about how much of an impact it actually had. 

AI is focking expensive and unproven across industries. People forget that AI is made by people. It's not some alien race that doesn't make costly mistakes and runs on endless resources for free. Climate Change!!! Fracking!!! Drilling!!!  But hey, AI.  

The whole thing is a shlt mess. We will all suffer for it. 

[kilroy69 1,245]

58 minutes ago, seafoam1 said:

AI is focking expensive and unproven across industries. People forget that AI is made by people. It's not some alien race that doesn't make costly mistakes and runs on endless resources for free. Climate Change!!! Fracking!!! Drilling!!!  But hey, AI.  

The whole thing is a shlt mess. We will all suffer for it. 

Remember when everyone's answer was "it is in the cloud" I just kept laughing at that answer. You do know "the cloud" is just a bank of servers right? It is not actually IN a cloud. 

[HellToupee 1,715]

1 hour ago, kilroy69 said:

This is the AI crash. Wall street had itself convinced that AI was going to change everything. They thought it was going to make them soooooo much profits without any labor costs.  Turns out they were being overly optimistic about how much of an impact it actually had. 

Wasn’t Kamala the AI CZAR

[Tree of Knowledge 1,803]

#Kamalacrash is trending.  

[HellToupee 1,715]

2 minutes ago, Tree of Knowledge said:

#Kamalacrash is trending.  

#1

[purdygood 343]

Kamala Krash Krazyness ... oh wait.

[lickin_starfish 1,919]

https://media.scored.co/scale/AE5lxNJG9Bxb9exQ.jpeg

[IndyColtsFan 325]

5 hours ago, Cdub100 said:

I just read this 

Whole life 

Also bragging about your retirement only doubling during one of the most explosive times to invest in history isn't the flex you think it is.

Go back to scamming Martha with your sh1tty 2% whole milk bullsh1t. Maybe take your 2x bragging to an AARP meeting. I'm sure they will be impressed. 

It took you three days to come up with this witty response.

What don't you go back to bragging about how you lost 100 percent of your retirement assets to a scammer.