Stock Market bubble - will crash

[thegeneral 3,209]

Another great day.

[easilyscan 924]

Did a buy/write on GAP shares today. Bought 300 @ $25.85 then sold 3 June 20, 2025 $30 call contracts @ $2.44  

Others that did well for me today.... Tesla, first solar, CROX, & SOXL.... those that didn't do well...FUTY & OKLO

Tesla is @ $357 up approximately $100 since Trump was elected. No real fundamental reason for it, but I'll let it ride. In the crypto area, MicroStrategy is down around $90 since bitcoin met up with 100 K & pulled back. 

[Cdub100 3,907]

I decided to buy 3000 shares of CleanSpark $CLSK Yesterday before earnings. They had great earnings and the stock fell a dollar in over night trading... 

I'm going to hold it, but damn. I'm not sure what more they can do. Each Bitcoin they mine only cost the $36k

[thegeneral 3,209]

Just sick. Anything adjacent to AI and Tech in general just non-stop. Keep taking little bits off the top, then think why a month later

Great problems!!

[Cdub100 3,907]

On 12/3/2024 at 8:47 AM, Cdub100 said:

I decided to buy 3000 shares of CleanSpark $CLSK Yesterday before earnings. They had great earnings and the stock fell a dollar in over night trading... 

I'm going to hold it, but damn. I'm not sure what more they can do. Each Bitcoin they mine only cost the $36k

Just had to wait a couple of days. 

[easilyscan 924]

Attention Tesla shareholders. How do you feel about the run up since the election ? It closed at $243 on November 4th & $389 yesterday. That's a 60% gain since the election. Don't get me wrong, I love it, but I think even the most bullish shareholder would have to say that's a little bit bubbly since fundamentally, nothing has changed since November 4th. The option premiums one could receive by selling covered calls are absolutely insane. If my shares weren't held in a taxable account, I honestly think I'd sell out of the money covered calls on at least 1/3 of them. Would love to hear any other shareholders thoughts.

 

[easilyscan 924]

On 12/5/2024 at 8:37 AM, Cdub100 said:

Just had to wait a couple of days. 

So I take it you did well. Congrats!

[Cdub100 3,907]

11 hours ago, easilyscan said:

Attention Tesla shareholders. How do you feel about the run up since the election ? It closed at $243 on November 4th & $389 yesterday. That's a 60% gain since the election. Don't get me wrong, I love it, but I think even the most bullish shareholder would have to say that's a little bit bubbly since fundamentally, nothing has changed since November 4th. The option premiums one could receive by selling covered calls are absolutely insane. If my shares weren't held in a taxable account, I honestly think I'd sell out of the money covered calls on at least 1/3 of them. Would love to hear any other shareholders thoughts.

 

I've been saying there's a recking coming for the stock market. You don't have this type of moon shoot and not have a fierce draw down. 

I thought it would start in October but everyone is so happy Trump won it's gone into overdrive. 

Soon though. Take profits do your covered calls just be prepared. 

Pigs get fed hogs go to slaughter and all that jazz 

[listen2me 23 1,873]

Read something this morning that said 80% of all money in circulation was printed between 2020 and 2023.  

[thegeneral 3,209]

21 hours ago, Cdub100 said:

I've been saying there's a recking coming for the stock market. You don't have this type of moon shoot and not have a fierce draw down. 

I thought it would start in October but everyone is so happy Trump won it's gone into overdrive. 

Soon though. Take profits do your covered calls just be prepared. 

Pigs get fed hogs go to slaughter and all that jazz 

S&P is up almost double since 2020. Saying we are due a pullback isn’t really some crazy prediction or a reckoning.

Markets also did a similar run-up from Nov to EoY when Trump was bounced in 2020 (even tho he was pouting how he won for the 3 months).

[Cdub100 3,907]

24 minutes ago, thegeneral said:

S&P is up almost double since 2020. Saying we are do a pullback isn’t really some crazy prediction or a reckoning.

Markets also did a similar run-up from Nov to EoY when Trump was bounced in 2020 (even tho he was pouting how he won for the 3 months).

You are mistaken. I expect far more than just a pullback.

[easilyscan 924]

Early November I rolled my 401(k) into an IRA at Fidelity.  Mid November I purchased shares of Hershey at around $175 because I thought it might be undervalued. Good news today. 

https://www.investopedia.com/reports-of-a-takeover-send-hershey-stock-soaring-mondelez-merger-8758210

I hope the deal comes to fruition. 

 

 

[thegeneral 3,209]

6 hours ago, Cdub100 said:

You are mistaken. I expect far more than just a pullback.

You may have said this before but why do you believe there will be such a crash. Even a pull back that I consider dramatic of say 50% still has us at prices from not too far back - like a couple years.

[Cdub100 3,907]

6 minutes ago, thegeneral said:

You may have said this before but why do you believe there will be such a crash. Even a pull back that I consider dramatic of say 50% still has us at prices from not too far back - like a couple years.

I think you and I have different definitions of the word pull back.

To me, a market pullback is natural and expected. If a stock hits an all-time high we often see a pullback 5% maybe 10%. Than consolation before another climb back up.

50% is a major crash. Like holy sh1t major.

[thegeneral 3,209]

1 minute ago, Cdub100 said:

I think you and I have different definitions of the word pull back.

To me, a market pullback is natural and expected. If a stock hits an all-time high we often see a pullback 5% maybe 10%. Than consolation before another climb back up.

50% is a major crash. Like holy sh1t major.

Ok now that we have that settled. What are you thinking is going to occur and why?

[Cdub100 3,907]

4 minutes ago, thegeneral said:

Ok now that we have that settled. What are you thinking is going to occur and why?

In general, I think the US is in for a huge debt crisis. Not only is the government bankrupt, but so are a lot of people. The amount of credit card debt Americans have is unsustainable. Car payments and the price of cars is unrealistic. I know people with 20-30k in CC debt. These are normal folks who make good money. The American people don't have savings nor a retirement. The government has printed like 80% of all new money ever, these last 4 years. Inflation of 30+% and in some cases more for some products. Sure inflation is better but it's still 3% every year on top of the already 30+%. 

What's going to happen to the banks, visa/MasterCard when people start defaulting on this debt? The government will have to bail them out. (print more money)

Unemployment is worse than the stats say they are. It's only going to get worse. AI is coming for everyone. 

New job creation is probably negative. 

The housing market is unsustainable Builders aren't building new starter homes. 

Interest paid on our debt grows exponentially every year.

So yes We are heading for a huge crash. 

Things happen slowy... Then all at once.

[Gepetto 1,368]

17 minutes ago, Cdub100 said:

In general, I think the US is in for a huge debt crisis. Not only is the government bankrupt, but so are a lot of people. The amount of credit card debt Americans have is unsustainable. Car payments and the price of cars is unrealistic. I know people with 20-30k in CC debt. These are normal folks who make good money. The American people don't have savings nor a retirement. The government has printed like 80% of all new money ever, these last 4 years. Inflation of 30+% and in some cases more for some products. Sure inflation is better but it's still 3% every year on top of the already 30+%. 

What's going to happen to the banks, visa/MasterCard when people start defaulting on this debt? The government will have to bail them out. (print more money)

Unemployment is worse than the stats say they are. It's only going to get worse. AI is coming for everyone. 

New job creation is probably negative. 

The housing market is unsustainable Builders aren't building new starter homes. 

Interest paid on our debt grows exponentially every year.

So yes We are heading for a huge crash. 

Things happen slowy... Then all at once.

Can't disagree with that.

[thegeneral 3,209]

13 minutes ago, Cdub100 said:

In general, I think the US is in for a huge debt crisis. Not only is the government bankrupt, but so are a lot of people. The amount of credit card debt Americans have is unsustainable. Car payments and the price of cars is unrealistic. I know people with 20-30k in CC debt. These are normal folks who make good money. The American people don't have savings nor a retirement. The government has printed like 80% of all new money ever, these last 4 years. Inflation of 30+% and in some cases more for some products. Sure inflation is better but it's still 3% every year on top of the already 30+%. 

What's going to happen to the banks, visa/MasterCard when people start defaulting on this debt? The government will have to bail them out. (print more money)

Unemployment is worse than the stats say they are. It's only going to get worse. AI is coming for everyone. 

New job creation is probably negative. 

The housing market is unsustainable Builders aren't building new starter homes. 

Interest paid on our debt grows exponentially every year.

So yes We are heading for a huge crash. 

Things happen slowy... Then all at once.

What I’d say to this is there are crashes, then the market just rebuilds. There are only so many places for people to put money to make money. Growth like the markets have had in past few years alone is enough for a huge sell off.

A good old fashion meltdown, where they drop precipitously and stay down for a significant period hasn’t occurred in like 15 years so we are due one of those. 

[Horseman 2,457]

6 hours ago, thegeneral said:

What I’d say to this is there are crashes, then the market just rebuilds. There are only so many places for people to put money to make money. Growth like the markets have had in past few years alone is enough for a huge sell off.

A good old fashion meltdown, where they drop precipitously and stay down for a significant period hasn’t occurred in like 15 years so we are due one of those. 

Sounds like an autistic 10 year old trying explaining how the market works.

[thegeneral 3,209]

31 minutes ago, Horseman said:

Sounds like an autistic 10 year old trying explaining how the market works.

The shut in loser weighs with the 12 aliases weighs in

[thegeneral 3,209]

GOOG with news of their new “Quantum Chip” will be fun to own today.

[easilyscan 924]

7 hours ago, thegeneral said:

GOOG with news of their new “Quantum Chip” will be fun to own today.

Indeed.

186.53

+9.43

+(5.32%)

Tesla continued its meteoric rise since November 4. The premiums, even for substantially out of the money covered calls are absolutely insane. I've resisted the temptation to sell them.....for now.  

[thegeneral 3,209]

8 minutes ago, easilyscan said:

Indeed.

186.53

+9.43

+(5.32%)

Tesla continued its meteoric rise since November 4. The premiums, even for substantially out of the money covered calls are absolutely insane. I've resisted the temptation to sell them.....for now.  

Was hoping for a bit more TBH. But a nice day.

I’d ride Tesla going up in the near term. First rough patch we hit it will obviously be one, along with all Tech, to drop hard but there’s more runway.  Worth the gamble if you are way up.

 

 

 

 

 

 

Or it could all begin crapping the bed tomorrow

[thegeneral 3,209]

17 hours ago, easilyscan said:

Indeed.

186.53

+9.43

+(5.32%)

Tesla continued its meteoric rise since November 4. The premiums, even for substantially out of the money covered calls are absolutely insane. I've resisted the temptation to sell them.....for now.  

That’s more like it. GOOG all time highs reached today. 

[easilyscan 924]

3 hours ago, thegeneral said:

That’s more like it. GOOG all time highs reached today. 

All of the magnificent 7, sans Microsoft, are at all-time highs today. NASDAQ over 20 K for the first time.

With that in mind, this song was popular in America leading up to the 1929 crash.

I was blue, just as blue as I could be
Ev'ry day was a cloudy day for me
Then good luck came a-knocking at my door
Skies were gray but they're not gray anymore
Blue skies
Smiling at me

Nothing but blue skies
Do I see
Bluebirds
Singing a song
Nothing but bluebirds
All day long

Never saw the sun shining so bright
Never saw things going so right
Noticing the days hurrying by
When you're in love, my how they fly

Blue days
All of them gone
Nothing but blue skies
From now on
 

 

[thegeneral 3,209]

3 hours ago, easilyscan said:

All of the magnificent 7, sans Microsoft, are at all-time highs today. NASDAQ over 20 K for the first time.

With that in mind, this song was popular in America leading up to the 1929 crash.

I was blue, just as blue as I could be
Ev'ry day was a cloudy day for me
Then good luck came a-knocking at my door
Skies were gray but they're not gray anymore
Blue skies
Smiling at me

Nothing but blue skies
Do I see
Bluebirds
Singing a song
Nothing but bluebirds
All day long

Never saw the sun shining so bright
Never saw things going so right
Noticing the days hurrying by
When you're in love, my how they fly

Blue days
All of them gone
Nothing but blue skies
From now on
 

 

I’m going to buy one of those straw boater hats they all wore back in the day. Way too much tech in my portfolio but what a past year!

[easilyscan 924]

5 hours ago, thegeneral said:

I’m going to buy one of those straw boater hats they all wore back in the day. Way too much tech in my portfolio but what a past year!

I had an idea what those were, but had to look it up to make sure.....lol

https://www.google.com/search?client=safari&sca_esv=dc4af9efbdb98de8&sxsrf=ADLYWIIekZbDhKW2YiTpItrbM8MCz1OvpQ:1733962450639&q=straw+boater+hats&source=lnms&fbs=AEQNm0DvD4UMlvdpwktgGj2ZHhIXi58ra1MCmgeKkVE8y_uPCA_VArK8eDJ3eXUe-YWeaCBH-amb2Pf6-dxDrKVpML-nXiwTK4yxgDA3wU7iS2GLqlTJVtwe_xWa4uS0KiiMxKsEHOfOtjmy_aC6iBizobFo4Uh1LggkdeBF7UOZ6kNQD3k_GllSZ38ci73l-6tRiy9LOL4wGS-QZR0IB-2CfbaiO8QpCg&sa=X&ved=2ahUKEwimhrK_-aCKAxVYHNAFHeFHNZgQ0pQJegQIFBAB&biw=1680&bih=817&dpr=2

[easilyscan 924]

Tesla up again. $243 on November 4th, $436 today +79.42% in just under 40 days. Happier than Roseanne Barr at an all-you-can-eat buffet, but who the fock is buying at these levels ? 

Possibly mutual funds doing year end window dressing.

Mutual fund managers make the fund look better for the upcoming annual prospectus, by selling their picks that performed poorly, & adding stocks they didn't own, but performed well during the year. 

Parasites 

 

 

[thegeneral 3,209]

On 3/13/2024 at 8:42 AM, lod001 said:

SOUN. Fock Yeah!  and AQST too.

 

Hey, thegeneral is that you over at antifaguys making the stock pick of SOUN and then switching because the other guy already had it?

Approaching 850% gain YTD. Total beast.

[easilyscan 924]

Mystery chart for Monday, December 16th: This one should be easy.

https://www.imagebam.com/view/MEY7RP6

 

[thegeneral 3,209]

4 minutes ago, easilyscan said:

Mystery chart for Monday, December 16th: This one should be easy.

https://www.imagebam.com/view/MEY7RP6

 

Does it rhyme with Mesla?

[easilyscan 924]

2 minutes ago, thegeneral said:

Does it rhyme with Mesla?

It does indeed!

[Cdub100 3,907]

22 minutes ago, easilyscan said:

It does indeed!

Is it Mesla?

[easilyscan 924]

Mesla up again 

$479.86
+16.84
(+3.64%)

It's a mad house

 

[Hardcore troubadour 15,424]

SMCI. Weird. 

[thegeneral 3,209]

Buckle up!

[Hardcore troubadour 15,424]

I head something on the radio today about how Rich you would be if you went against Jim Cramer and with Nancy Pelosi. lol. 

[easilyscan 924]

30 minutes ago, Hardcore troubadour said:

I head something on the radio today about how Rich you would be if you went against Jim Cramer and with Nancy Pelosi. lol. 

I have no doubt that's accurate. Jim Cramer is a focking idiot & a scumbag besides. Did you know there's an ETF called Unusual Whales Subversive Democratic Trading

The symbol: NANC  

[The Phantom's Phantom 254]

Looks like the Trump crash is here.

[seafoam1 3,020]

Just now, The Phantom's Phantom said:

Looks like the Trump crash is here.

You should take your $15 life savings and hide it.