Stock Market/Investing/Day Trading/Speculative Trading Thread (4 Viewers)

[Faux Sean Callahan]

 

[Faux Sean Callahan]

Burry is the hedge fund guy who called the 07/08 market crash

 

[Jim14510]

Burry is the hedge fund guy who called the 07/08 market crash

Holy shit. Cramer is saying buy?

Do I sell everything?

 

[BingoDingo]

Holy shit. Cramer is saying buy?

Do I sell everything?

He says we are in a bull market, brother!

What's more(most) likely is that both of them are wrong...lol

 

[Faux Sean Callahan]

Holy shit. Cramer is saying buy?

Do I sell everything?

 

[Toe]

Sooo hopefully we don't get a 9/11-type event this year?

The technology-laden Nasdaq Composite surged more than 10% last month after a down year in 2022, with history showing the stock-market index tends to perform well in the next 12 months after such a scenario — except in 2001, Bespoke Investment Group warned.

“After closing out an already bad year on a down note, the Nasdaq stormed into 2023 [by] rallying 10.7% in January,” Bespoke said in a report emailed Wednesday. “Since the Nasdaq’s inception in 1971, there have been 33 prior months where it rallied at least 10%.”

But the number of occurrences drops to just 16 when narrowed to rallies of that magnitude following a 12-month stretch in which the index was down, according to Bespoke. In such cases, the firm found, the Nasdaq’s performance then tends to be positive over the next year, except in 2001, “when there were four different [monthly gains of 10% or more] and the Nasdaq was lower one year later after all four of them.”

‘Won’t get fooled again’? Nasdaq jumped more than 10% in January. Here’s what history shows happens next to the tech-heavy index.

Bespoke Investment Group examined how the Nasdaq has performed historically following a monthly gain of at least 10% after being down in the prior 12 months.

www.marketwatch.com

 

[Faux Sean Callahan]

Sooo hopefully we don't get a 9/11-type event this year?

‘Won’t get fooled again’? Nasdaq jumped more than 10% in January. Here’s what history shows happens next to the tech-heavy index.

Bespoke Investment Group examined how the Nasdaq has performed historically following a monthly gain of at least 10% after being down in the prior 12 months.

www.marketwatch.com

Yeah somebody at work said that "if January was up 5% or more for the S&P that the market usually does +20% for the year".... don't quote the numbers. Apparently that was said on the morning show for CNBC.

 

[Jim14510]

Yeah somebody at work said that "if January was up 5% or more for the S&P that the market usually does +20% for the year".... don't quote the numbers. Apparently that was said on the morning show for CNBC.

What was the S&P for January?

 

[Faux Sean Callahan]

What was the S&P for January?

1 month is 9.3% now that's two days of February

 

[BingoDingo]

Uh, that's a crazy jobs report...

 

[Pepe Silvia]

Uh, that's a crazy jobs report...

it will be revised down drastically in about 6 months. the data has been complete bullshit for the past year

 

[cwessel76]

Uh, that's a crazy jobs report...

It’s insanity. It will inevitably get revised up a bit but even then this job market is nuts.

 

[LoudHogRider]

it will be revised down drastically in about 6 months. the data has been complete bullshit for the past year

The revisions for previous months that accompanied THIS report certainly underscored the complete fuckery that IS government reporting. Lies, lies, lies ... and damned statistics.

 

[BingoDingo]

it will be revised down drastically in about 6 months. the data has been complete bullshit for the past year

It’s insanity. It will inevitably get revised up a bit but even then this job market is nuts.

The revisions for previous months that accompanied THIS report certainly underscored the complete fuckery that IS government reporting. Lies, lies, lies ... and damned statistics.

I mean, the Establishment Survey has been revised up every single month since July, so maybe we will get a revision down, but I wouldn't bet on a big revision. If you're worried about the discrepancy between the Establishment and the Household survey, just cut the difference and wait for the final release on Biz Dynamics.

 

[Jim14510]

Uh, that's a crazy jobs report...

Such strange times. Covid and its reactions turned the economy into a teenage girl with bipolar.

 

[cwessel76]

Such strange times. Covid and its reactions turned the economy into a teenage girl with bipolar.

Tell me about it. My clients look at me and go “What the fuck?!”

 

[Faux Sean Callahan]

Idiotic

 

[Faux Sean Callahan]

*** sells everything *** #RipStonks

 

[BingoDingo]

Idiotic

Extremely. Why just 4%? Even at that rate, it isn't going to change the environment enough to make an impact on buybacks. Plus, you know that isn't happening with the House, so you've just given the Republicans free ammo on tax raising. Really great stuff.

 

[BingoDingo]

Yes, I trade $13 dollars worth of shitcoin on Robinhood. That's what I just said...

FYI, it's at $28 bucks now. Hard not to take the profits here...