There is a lot more bad news to come. The effects of the current damage haven't been felt yet, much less the fear of war and permanent damage to trading partners.
all my stocks have had terrific earnings. their price targets are double to three times higher than current price. price targets don't matter much, but earnings do.
this drop is a mixture of panic, short selling, and computer trading.
I'm off to lift at the gym for two hours. that's how I deal with stock stress.
Hey so it's only been 5 days, Liberation day was yesterday, Trump initiated tarrifs based off fucking ChatGPT against most of the world including two islands that only has penguins, NASDAQ fell 4.69% in one day (more than Lehman Monday in 2008 at 3.5%), and Goldman Sachs predicts a 35% chance of recession. I'll keep posting updates but I'm pretty sure we'll hit recession by end of Q2.
You are way too volatile. You seem like an enraged person.
My older half-brother is a Marxist. He teaches Politics at Harvard. My other half-brother is also a Marxist. All I heard growing up was Marxism. Furthermore, I've read the Marx-Engels reader, Althusser, Jameson, and all the Frankfurt School. I know Marxism very well.
Check back, next year.
I inherited $8m. I'm playing with house money.
I've never been to Walmart. I live in Manhattan (TriBeCa). Therefore, I probably do have a distorted sense of the economy. In my milieu, recession means skiing at Breckenridge instead of Aspen.
And you seem like a moron especially thinking I'm somehow a Marxist from one comment. Please explain how my comment could lead you to think I was possibly a Marxist since you're such an expert on it.
You know it so well you throw it around like it's nothing.
And what does you not ever going to a Walmart have to do with every expert, most business leaders, and the Atlanta FED expecting a recession. Especially with the huge costs farmers are facing, red counties getting their funding cut, department of education no longer aiding with loans, federal jobs getting cut by the tens of thousands, FEMA relief getting cut for deserate red states, and so on.
Notice how you didn't refute any of the economic indicators or experts who state that recession is on the horizon.
I just look at earnings reports, and I glance around NYC to see how stores are doing. I still see long lines at Whole Foods and my Equinox location is packed. Every two minutes, I'm almost run over by a delivery bike bringing food.
The lowest income people never contribute(d) much to the economy any way.
If people don't get college loans, then they won't be in debt. It could have an effect exactly opposite to the one expected. Most people are more poor from attending college. They are saddled with massive debt yet can't get higher paying jobs than if they had not attended college or had attended a cheaper school. I did not put that eloquently, but you get my point.
I have a NYC/Northeast centric perspective. Everybody I know is a professor or a finance bro.
Like I said, here in NYC, people are snapping up condos that keep going up in rent. What my eye sees day-to-day is business as usual, and all my earnings reports are thumbs up.
I accused you of being a Marxist, primarily because of you username ("molotov"). All the people I know who talk about Molotov cocktails are marxists, anarchists, or anarcho-marxists.
Not sure what you are buying but most stocks are still pretty well valued by earnings and projections. There aren't a ton of magical stocks all primed to rip up based on their fundamentals. We need growth to have a concrete reason to value an increase the forecast earnings.
On a long enough timeline I think you’ll have a winning trade but in the short term, I don’t. Might want to DCA into these dips instead of full porting. Regardless, happy lifting.
If my stocks don't drop after hours, I don't worry that much. I feel like AH drops and pre-market drops are the real indicators of public sentiment; whereas intraday drops are often collateral damage from fund sell offs. IME, real corrections tend to happen pre-market and aftermarket.
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u/Pinball_and_Proust 8d ago
Gritting my teeth and buying on dips.