Not Good for Anyone in the Stock Market

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joe6pak
joe6pak
14 hours ago

That would almost qualify as an oversold situation.

Joe Blow
Joe Blow
7 hours ago
Reply to  joe6pak

Yep!

Joe Blow
Joe Blow
7 hours ago

Thats a buy signal…..
When EVERYONE is short, the market will go up!

Michael
Michael
5 hours ago
Reply to  Joe Blow

Time will tell Joe. Are you going to act on your statement and put some real money on the lottery wheel?

Michael
Michael
5 hours ago
Reply to  Michael

Lost the rest of my revision. Not going to retype it but this quote to think about:

“What are the facts? Again and again and again – what are the facts? Shun wishful thinking, ignore divine revelation, forget what “the stars foretell,” avoid opinion, care not what the neighbors think, never mind the unguessable “verdict of history” – what are the facts, and to how many decimal places? You pilot always into an unknown future; facts are your single clue. Get the facts!”
― Robert Heinlein

Facts are the stock market is a rigged game driven to absurd highs to “Support that Joe Potato and his merry Xir’s” are DOING A GREAT JOB.

Like stuffing yourself on the all you can eat Buffett and the stomach aches that follows.

Now it’s time for the great purge to punish the MAGA and Trump.

Folks “NOT in the Stock market” might feel immune but the 401K, Retirement system, town and city Bonds, Grocery store reserve funds and so on ARE in it and it will affect you.

You and I are downstream from that toilet bowl. Prepare accordingly.

Joe Blow
Joe Blow
3 hours ago
Reply to  Michael

Bought 44 calls in Verizon this morning!

Michael
Michael
1 hour ago
Reply to  Joe Blow

Well, if your wrong your only out the premium.

If your right and at expiration the strike price you bought is lower than the market price for those 44 shares you win.

Not exactly an expensive “bet” depending on the expiration date and strike price.

Now try buying “low” with a large chunk of your 401K for your BUYING Opportunity.

Silver Dolphins
Silver Dolphins
5 hours ago

Each of us has to make our own decisions. I will ride it out. In the end, you should only risk what you can afford to lose.

Michael
Michael
4 hours ago

Exactly true Silver Dolphins.

Not like we have a lot of other options that work.

But I continue to suggest if you look out the window at a vicious storm coming perhaps you should do what you can to reduce the probable damages.

Your family might appreciate that a year or so later.

Joe Blow
Joe Blow
3 hours ago

I’d be very cautious with my money here. There are ‘more secure’ places you can store your 401k and such.
CEF is and has been my largest position for years. Not going anywhere right now either. Not financial advice, just offering up the info.

Steiner
Steiner
4 hours ago

So now is the prime time for someone (GoldmanSachs ?) to go long on the juiciest of stocks, buy a galactic ton of them and bankrupt the ‘put’s.’ GS doesn’t just have one losing trading day in a year for nothing.

Rick1234
Rick1234
2 hours ago

Is this Herr Soros plan?
It won’t work on debt backed USD.
I seem to recall a similar construct circa 1983.
Keep your eye on the prize which is Christ Jesus your LORD.

Michael
Michael
40 minutes ago

A bit technical but worth looking at:

Nobody’s Learned Nothing – SHENANDOAH

The gist of the story “Now think about this. Was today’s selling “big and smart” money liquidating their positions and getting out?

Possibly a continuation of a process that began a month ago. However what about retail?

Dumb as a brick as ever boys and girls.”

Look at what Buffets buying… Nothing. His cash level for over a month has been MASSIVE CASH, FAR higher than his entire investing history of Berkshire.

Not that some of us has mentioned before here on NC Renegade.

Prepare for pain and massive propaganda from mass media and “patriot sites” that Trump’s to blame, Nada nada, nada.

Trumps “to blame” is like blaming a doctor for giving you Tylenol “to Blame” for your fever dropping.

DWEEZIL THE WEASEL
DWEEZIL THE WEASEL
39 minutes ago

When you are so broke you cannot invest, then this is irrelevant. What we do have is beans, band-aids, bullets, and other needful things. The silver quarters, dimes, half-dollars and dollars are still legal tender and are kept for barter.
My biggest worry is when it all falls down, there will be panic in the streets and people shooting one another in the COSTCO parking lot over the last case of Spam. Plan accordingly, my friends. The POTUS cannot save us.

Michael
Michael
30 minutes ago

Simple truth, friend.

However, when lack of town and city funding due to investment failures (AND Interest Rates CLIMBING) the services the economics of this crash is going to affect you when EMS and such cannot afford to run.

People didn’t want to pay the real cost in taxes so loans, city bonds and other investments became how services were financed.

I do however suggest looking at longer term issues like ability to repair your homes broken windows and destroyed screens. A few sheets of plywood bought now might be a “good deal” value next year or so.

A roll of HD clear plastic, roofing nails, nailing strips a roll of screen material *Might* be really valuable when credit crash cripples Lowes and such.