/smg/ - Stock Market General

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based and wholesome-pilled

You're talking about sector-specific market recovery, in which case you're correct. I was talking about the financial machinations involved in the original downturn in March, which is linked to CV in so far as CV acted as the trigger for smart money to begin de-risking earlier in the year. There were enough warnings regarding the systemic risks of the tremendous amount of corporate debt we had be piling on over the last decade. Those who were caught due to a lack of concern over CV and complacency within the loose monetary environment were substantially over-levered as-is, and the ensuing margin calls resulted in liquidations large enough to wipe some funds out of existence in the fire sale. This caused a downward spiral across asset markets that was only stopped by Fed intervention, in particular to ensure liquidity within the credit market. What happened afterward was forward-looking projection of where investors saw the markets for entertainment, hospitality, tourism and travel headed, and you're right, that's being depressed by negative sentiment over government quarantines and CV. The same can be said for capital inflows into defensive sectors, like tech and healthcare, during the recovery. Not sure where the disagreement is.

>free market
Bud, gonna need a citation for that one.

Kek thank God I bought this 6/19 290P on Friday at the high. I wish I got a little farther out but oh well, I can still make a bit of cash while I laugh at the overconfident zoomers and permabulls get wrecked.

Here’s a top tip friends, all of the MMS are positioned for another leg down now. The world isn’t ending, SPX isn’t going to 1200 but you are going to have a lot more red than green in your portfolio for a while.

>t. sold late Jan, bought back in 3/23

Oh no technical chart that's been proven time and again to provide no actual beneficial knowledge has been posted.

Good post

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The generational chart shows that only retard zoomers who have lived half their lives in a bull run and a good chunk of retard millenials are catching every knife their is to catch because they think thats all it takes.
We've not even seen true blood flow yet

Are you trying to say that moving averages aren’t important? That’s like saying the price of the stock isn’t important...

Hello Conan.

Based and right pilled, again. How many times do we have to say it? JPM moved out of overnight lending in fucking September. Price goes up only if there's no fear that we lose cheap debt. signs of credit markets tightening will crash the whole thing

Is StockWits legit, or is just a bunch of retards parroting a bunch of bull shit?

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Rent free.

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Ding ding ding. It’s like people forget SPY traded between 180 and 260 in the same year during GOOD times in this past decade lol

cringe
based

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good thing I'm only buying oversold stocks with P/E ratios under 10..

yes

25th for Moses

im scared bros
i might be catching falling knives with these short puts

>$NVDA | Nvidia Sets Quarterly Cash Dividend Of $0.16/Shr
lmao

>doesn't understand market inflation
the money being printed has to go somewhere bud

whats this 4 day week gonna do /smg/?

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So...

The big popular dividend companies that took big hits in March will probably all recover to where they were in a year or so, for mad gains?

I know I should've bought in mid-March, but oh well.

20k into exxon and some others would be good for a 3-year investment?

Here is your failproof portfolio for the next 10 yrs:

AMT 7.5%
EQIX 7.5%
LMT 7.5%
NEE 7.5%
COST 7.5%
HD 7.5%
BIPC 7.5%
CDNS 7.5%
NOW 7.5%
POOL 2.5%
DPZ 2.5%
MNST 2.5%

TQQQ 25%

There you go. See you on Mars

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>>t. sold late Jan, bought back in 3/23
You literally have nothing but credit card debt.

Pembina Pipeline.

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Somebody tell me why the FUCK did LULU broke ATH while every retail is dead or on their way to bankruptcy

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[Rant] You know those comments here that recommend on the Fi/RE movement, as an escape route from the hell that is full-time work? Here is what they're neglecting to tell you

(I am not an expert. I'm the exact opposite, actually. Please don't rely on this and go see a professional before making any decisions).

Whenever someone starts a thread here and shares the frustrations of the modern imprisonment system called "work", there's usually at least 1 comment that says "look into the FI/RE movement".

Well, I finally did.

I had to: my savings started amounting to a decent enough amount of money, so that I had to start thinking about it. I'm not a big spender type - just minor conveniences here and there, to relieve the pain of wasting my life away in a boring office role.

I've been saving ~50% of my take-home pay easily, and the interest I get for a savings account at the bank is pathetic - about 1%, less than the rise in the cost of living. A financial advisor warned me that by letting the money just sit there, it effectively depreciates as cost of living grows. To put it simply, I'm losing money by stalling.

The idea of FI/RE is that every dollar you don't spend matters, thanks to compound interest. There are compound interest calculators online, that show you, for example, that $10,000 today, with a standard interest of 5%, would equate to $16,500 in a decade. Some investors can supposedly get more than the basic %5-6, if they play their cards right, perform research etc.

But where does the 5%-or-higher interest come from exactly?

Your bank is not likely to pay you that much for your savings account. Here, the larger banks pay a LOT less.

Some smaller banks I found pay as much as %3.5, which is also somewhat low (and perhaps a bit riskier - I've seen one bank collapse in my days as a teenager).

Then, what is considered a 'safe investment', which also pays the a significant enough interest to allow one to dream of early retirement?

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You should buy Canadian socks.
tmxmoney.com/en/investor_tools/market_hours.html

Have you ever heard of the internet, faggot

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The answer most FI/RE types quote is ETFs.

I'm not an expert, but from what I read - an exchange-traded fund (ETF) is an investment fund, traded on stock exchanges, much like stocks. Instead of picking a stock one by one, investors can pick a fund that tracks multiple companies at once. The popular ones, which are considered "safe" (and often have lower management fees) track the performance of financial market indexes. You don't have to be an expert, and you don't have to hire professionals to manage your investments, which would offset all the profit if you're just an average Joe with a few grands.

Here in Australia, there are a few that track the top 200-300 ASX (Australian Stock Exchange) companies. Investors that rather put their money in the global market often choose ETFs that track Standard & Poor's index (S&P 500

).

Those are just two examples, and there are many other options out there - but those are very common suggestions to people who have no financial background, can't manage the money by themselves, are risk averse etc.

And the problem?

Once you check which companies those funds track exactly, you see what exactly you're investing in. From my perspective, they're the axis of evil. You're essentially betting on companies that do bad things.

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seems like a legit video, having a camera guy following him like that

Are futures gonna open today or are they closed too ?

Here are some examples from the list of companies in the S&P 500 index:

Accenture - an IT company that hires bad-yet-cheap software developers in countries like India, as contractors; which in turn allows other companies to offshore their IT services and fire staff. I've seen that before.

Activision Blizzard - we've had a few links on this sub around their latest shenanigans. Around Christmas, they fired 800 employees, to make up for the quarterly losses - while their CEO was paid 28 million a year, for his supposedly-stellar performance.

Alphabet Class A and C - those are the guys that gather obscene amount of information on us all, track our every online move, in order to brainwash us with ads and perpetuate consumerism.

Amazon - their founder is the richest man on the planet, yet Bernie Sanders had to win a long battle in order to convince him to pay his warehouse staff $15 an hour. In U.K., an investigative journalist revealed that picker-packers in Amazon warehouses, whose every move is under constant surveillance lest they slack a little on the clock, pee in BOTTLES. They have to, in order to save time and keep their metrics up. Else they'd lose their job.

Apple - manufactures their iPhones in Foxconn factories in China, where staff are paid very little and have a high suicide rate.

That's just the letter A. The list is FULL of corporations that are famous for doing nasty things for profit.

Here are some more examples, after I scrolled down the whole thing:

Phrama companies that have pushed opioids and hid the fact they're addictive from the public.

Oil companies. I spotted multiple fossil fuel names.

Health care providers in U.S., who lobby hard against public health care, inflate the cost of health services and fight every patient's claim.

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kek, wrong again.

It does. The larger problem is what happens when the market begins following fundamentals again, and IF those fundamentals show a prolonged recovery, sustained high levels of unemployment, rapidly increasing insolvency, and continually deteriorating forward earnings potential as a result of depressed consumer spending and medium-term changes in consumer behavior? There's a lot of uncertainty right now, and the market is running on hope that a large number of potentially negative outcomes are avoided while several positive catalysts all simultaneously materialize. The market is in a fragile position.

A lot of cityfags are working out, indoors and outdoors, which $LULU makes quality products for. Not to mention the brand is super trendy right now. In fact, I’m wearing a sweatshirt by them as we speak.

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Some of the banks and financial institutes that caused the GFC are in the list. The guys who got bailed out by the U.S. government, then took the bailout money and paid HUGE bonuses to their execs.

Someone in the comments added that there are arms dealers in S&P 500 too. Next to those companies, Facebook and McDonald’s are relative saints.

***

Let's assume you're just about the money, and not letting this bother your conscience. Not judging.

You have to do what you can to survive in a capitalist economy, and you can't afford to reject the safest path to early retirement.

But who’s to say these companies are going to not just last, but grow, in 10, 20, 30 years? Especially the petroleum names in the list. Whose to say the banking system and the U.S. health care system will be the same by then?

I almost hope it won't. In order to be optimistic about the success of your investment, you have to be quite pessimistic about the direction that the world is heading to, and assume that our society won't improve; that we won't kick the bad, destructive habit of fossil fuel. Even Amazon's Bezos recently held a presentation about manning Mars; since he thinks we'll consume the resources here eventually, because we don't want to turn to "rationing" (his bleak interpretation on the degrowth movement, perhaps).

There are some alternatives, and you can probably build an "ethical" investment portfolio and choose less-horrible companies or indexes etc. The management fee will be far higher, and it's considered a less-safe path. Most investors don't. I see the same 3-letter acronyms on FI/RE forums, the same funds people discuss.

And they're all cancer. Lucrative cancer, at least for the time being.

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Kek. You want a reason? in this market? It goes up because it can. Didn't you hear, they're reopening 200 stores, that's bullish apparently. Bullish enough to push it to ATH. Is that a good enough reason?

I'm still doing it, don't get me wrong. Billy Corgan said, "despite of my rage, I am still just a rat in a cage". If that's my ticket out of work, I can't afford to be ethical.

I would have bought real estate instead, but I don't have enough money to buy a tiny studio within less than an hour of my workplace (one of the axis-of-evil companies in the S&P 500 index, btw). I don't think I ever will, lest I sink in debt and work for 30 years. And the majority of the population here earns less than me.

I guess I'm just venting here. But the next time someone posts that if you skip that one cappuccino or Spotify subscription, you'd be able to retire early - please be aware that they're not telling you the whole story. They're not telling you that you'd have to embrace a sickly economic system, and hope for the best.

TL;DR - the FI/RE movement's promise relies on the success of the least ethical companies in the world.

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