I know what you mean but laughed anyways
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Well yeah, buy one today, get 4 free tomorrow.
That’s supposed to be sarcasm, but considering TSLA stock price is more anchored to whatever retail donks feel it’s worth and $420 pot jokes rather than any underlying value, it might actually be the most valid way to price this move.
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Oh hey remember how we finally had a red day? Immediately gap back almost all of the sell off on nothing
We just needed a night to remember that Vlad solved the coronavirus crisis.
Rotation back into tech which is weird (or at least the NASDAQ).
Part of me wants to dump my entire portfolio and go 50/50 Apple and Tesla. I’d never do it but we can all but guarantee once they split people will be able to “afford” them now because they’re “cheap” so there will be a huge pump.
It’s really hard to pretend like the real world businesses with significant physical business operations aren’t being heavily impacted by the Coronavirus. All that money has to go somewhere if it’s rotating away from that. Tech is one of the only places you can put that kind of money.
So much of this current bubble is just the result of the huge inefficiencies inherent in giving the ownership class too big a share of the national income. They are literally generating so much cash that a real shortage of investable opportunities is causing a huge pricing bubble in the stuff they actually can justify investing in.
People like me on the bubble of the ownership class are pretty much frozen out too. I have cash, but I need that cash safe because it’s worth a lot more to me than additional cash would be. At my stage it’s a lot like playing in a tourney where survival is way more important than doubling your stack size. The transition from being an employee with a guaranteed paycheck to being a business owner is genuinely really rough cash flow wise lol.
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Someone please talk me off the ledge of unloading on SPY puts.
.
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You have no goddamn idea when this thing is going to go sideways and it could easily stay stupid for the rest of our lives if it turns out money doesn’t actually matter.
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I did it last month with a small amount of $ when the conditions were pretty much the same and unless there’s divine intervention I’m gonna lose ~100% of my investment. There’s no telling how long this bubble is gonna last so I’d say avoid it.
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Funny Australian stonks note: last Friday our reserve bank made immensely grim economic proclamations and our market dropped 0’6%. USA jobs data Friday leading into our Monday session and market rises 1.8%. We live and die by the U.S. markets sadly.
I’m assuming you hold long positions in 401k etc? Maybe just re allocate if you think we’re on the precipice then buy back in lower?
For some reason every source I look at is quoting XOM different today, and it’s bouncing around between -1.8% and +.6% across all the sources.
I just checked my IRA, the one that actually matters, ofc that has it at -2.13%. Sweet.
Yeah I agree re being long in tech. I more was piggy backing on an earlier comment about vaccine news. I just would have thought cyclical would explode if Russia vaccine meant anything which in my opinion it doesn’t in reality but market sentiment is anything but!
Those were some good times.
Yes I am long in retirement accounts and always have been. I kind of subscribe to the Riverman school of thought on that and never mess with it. This would purely be for STONKS gambling purposes only.
I absolutely nailed the first crash with spy, cruise, casino puts. But I’ve since given a bunch of it back trying to hit this next ‘inevitable’ crash. I’m mostly out now, and just going to wait until the crash actually starts. I will probably miss the first leg down, but there should still be plenty to capture.
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