This is exactly the Motley Fool boards in the late 90s. Except it was with a rotating cast of completely nonsensical high-fliers, not just a few - JDSU, Brocade, Yahoo, AOL, Dell, Cisco, Juniper, Qualcomm, Oracle, Worldcom, AskJeeves, Broadcom, Intel, Redhat, tons more I’ve forgotten. I spent most of my time on the Amazon board and the CMGI board.
I didn’t really have a side and was mostly a lurker (believe it or not), as I had no money to invest anyway. But it became obvious pretty quick that the bears had logic and facts on their side and the bulls had: “Oh yeah, well my stock keeps going up so ppppppptthhhhhhhh!”
And then when the crash happened the bulls either disappeared or got all mopey and defensive when you tried to say I told you so. The big moment of shoving it back in their faces was a huge anti-climax.
Giga factories though. And if you think Tesla is bad, take a look at Nikola. They don’t have a prototype or factory. Basically only have a CAD drawing of a truck and some pre-orders for tech that doesn’t even exist yet. The CEO is a grifter of epic proportions.
This whole market is nutty. On price only as of 8/4 the S&P ex-FAANG was basically even YTD while FAANG was up 49.2%.
I’m so confused, do the TSLA bulls think that once everything goes perfectly and it becomes the energy and car supplier of Earth that the share price will continue to rise or will it level off? Do they want it to be a long term value stock? Because from what I read they use this as their rationale for the price being a good one now (at least the bulls attempting to justify it as anymore than a meme). I mean they clearly expect profits to rise 100x or whatever but I mean even if the stock price 5x’d during the same period the P/E would still be over 50!
I am pretty sure this is not how people in the midst of stock market hysteria think. They are thinking “I regret not getting in at $1,000 so I am going to make sure I get in at $2,000 to avoid feeling regret again.”
This article is interesting. It never occurred to me that stop-loss orders were valuable information that could be sold to HFTs by your broker for bigly profits.
“That [stop limit] order is immediately sold to a high-speed trader who now knows where your intention is, where you would sell,” says one former high-speed trader. “It’s like you’re writing a secret on a piece of paper and handing it to your broker, who sells it to someone who has an interest to trade against you.”
There are so many ways to get screwed as an investor, it’s truly unbelievable. One of the reasons I use Vanguard for everything is they’re basically the only company I trust not to screw me.
Can you guys explain what they’re doing? I haven’t been following the financial news the last two weeks or so, but a lot of my assets are just in cash right now in my IRA, checking, poker accounts, etc.
This article summarizes the policy shift. Essentially they are changing the prioritization of unemployment vs inflation. The effect will be to allow higher inflation rates and will tend to result in lower interest rates.
I’m probably still sitting on too much cash, but every time I start to experience FOMO I just remember how terrible October/November are going to be. I don’t see how it gets better from here.
If that’s your position then go hyper aggro between now and the election as the rigging is going to be at max with plans to sell off in early November. That’s my plan.
Half my money is in VIGIX, vroom vroom motherfucker.
Yeah Vanguard is fine. If you want to be more aggro you can. Riverman is referring to people holding cash or gold or whatever as savers, not people with a balanced portfolio position like Vanguard
Yeah, I expect them to pull all the stops and try to prop things up. We’ll see if that outweighs the impact of hurricane season/fall COVID wave/civil unrest.
An interesting component of this volatile investing time is that it has given me insight re: my instinctive risk/reward assessments. I spent my childhood broke, so I think I’m more susceptible to fear of loss vs. a drive for winning.
That said, most of my money is in Vanguard. I’m just not as aggressive as I would be if I wasn’t so terrified of Trump.