Stocks - The Best Buys 2

[bluejays]

Originally Posted by Enoch Root

Things don't go straight up, they ebb and flow. Higher interest rates MAY be good for the banks, but they may also be disaster (if they result in significant bankruptcies). Regardless, stock prices won't just keep going up and up and up without dips.

And the banks just enjoyed about a 15% jump in about a month. This 'sell-off' has brought us all the back down to prices not seen since about Jan 12th!

What exactly are you expecting?

There's an equilibrium you're alluding to, but the rates shouldn't increase to a point where there will be a significant amount of bankruptcies. I guess what I'm talking to here is with the news of increased rates, it's a generally positive aspect signal in favour of the banks. To this point banks have arguably undervalued P/E-wise. I think some would argue they've been undervalued for years as a whole. The recent run up over the past month and a bit has brought where it should have been all these years, and with the recent expectation of increased rates more money should flow in, now out. At least that's my thought personally.

[bluejays]

Yikes. Terrible start to the week. Especially to those holding speculative tech.

[Krovikan]

Originally Posted by fleury

Yikes. Terrible start to the week. Especially to those holding speculative tech.

I logged into my trading account this morning... said nope... logged off, I'll check back tomorrow and probably do the same

[nik-]

Originally Posted by Krovikan

I logged into my trading account this morning... said nope... logged off, I'll check back tomorrow and probably do the same

I always tell myself this. "Nope, I'm just going to look next week". But I'm a liar, and obsessive.

[Krovikan]

Originally Posted by nik-

I always tell myself this. "Nope, I'm just going to look next week". But I'm a liar, and obsessive.

LOL

I would but WonderFi is releasing their app on the 28th, so I'm hoping for a bump that I can get into cash; I'll take out even at this point as it got slaughtered today.

[zamler]

So I heard you like RED

This is new territory for me I've had a pulse on the market for some time, right now I simply don't know.

Still of the same mind. Someone smarter than me predict when things bottom out.

[Bonded]

Clipped some decent money on ABNB and SPY puts today.

[MJK]

It's bad!

[PaperBagger'14]

[nik-]

today has been quite the ride

[DoubleK]

200 point swing on the S&P 500.

Wild stuff.

[Samonadreau]

First buys ive made in about 6 months today.

[zamler]

Originally Posted by calgarygeologist

I'll consider it at $50 though.

When I read your post I thought, nah it won't tank that hard but I set a strike price at $51. Good call.

[chemgear]

Google heck of an earnings. Reversed that dip and 20:1 split.

[zamler]

Meta is getting rekt in after hours down over 20% market in generally is tanking after hours. I think we're going to see consumer spending start to drop in a big way due to inflation which will continue to rise anyway. Stocks will reflect the negativity.

I bought and sold RIVN in 2 days.

[burn_this_city]

Oil keeps trucking along

[DoubleK]

These markets are bonkerz.

[Jason14h]

SNAP up 50% and Amazon 15% in after hours

[Azure]

Market is bonkers, but nice to finally see META crash to where it belongs.

[Azure]

https://twitter.com/user/status/1489336446678749187

Ouch.