General Markets Talk

[HirdsTheWord]

funny thing about perspective, if you zoom out you are pretty happy with that graph as a long term investor

 

[Grumpyshades]

well this is fun

 

[conrad_437]

Ouchies

 

[conrad_437]

I'm in the fortunate position of being new to investing and only 23 - so this bear market/crash is really more of an opportunity for me to buy cheaply and look for the long term as I'm not losing THAT much (relatively speaking).

It really is like a car crash though. I can't look away.

 

[Mofra]

S&P futures predicting another shocker in the US next trading session.

Anyone holding index puts (warrants or ETOs) - diamond hands for one more day, as tempting it is to take massive profits.

 

[NonPhixion]

Jesus. Not even Diddy has enough baby oil for today.
What a bloodbath

 

[Thrillthorpe7]

S&P futures predicting another shocker in the US next trading session.

Anyone holding index puts (warrants or ETOs) - diamond hands for one more day, as tempting it is to take massive profits.

 

[Jatz]

Absolutely brutal. Mine are long term and I don't have that much in at the moment but it's certainly been painful to watch all the same.

 

[Thrillthorpe7]

Daily RSI for SPX futures currently as low as the worst of the COVID crash at ~20

 

[Mofra]

The negative effects haven't even hit the market yet.

140,000 tourism jobs at risk in the US in coming months as Canadians, and increasingly Europeans, cancel holiday plans.
China halting REEs to the US.

Markets pricing in a 60-65% recession risk but I honestly don't see how we avoid one.

 

[Thrillthorpe7]

Absolutely brutal. Mine are long term and I don't have that much in at the moment but it's certainly been painful to watch all the same.

Something breaks this week imo that forces either Trump or Powell to blink first and calm markets down, entering unique territory here

 

[Thrillthorpe7]

The negative effects haven't even hit the market yet.

140,000 tourism jobs at risk in the US in coming months as Canadians, and increasingly Europeans, cancel holiday plans.
China halting REEs to the US.

Markets pricing in a 60-65% recession risk but I honestly don't see how we avoid one.

This is why I think Powell blinks first and does everything he can to avoid that. Nothing has forced his hand before now, but it’s certainly getting mighty close.

 

[JHF1870]

Oh no. Markets going down. Better sell.

Just goes to show how many people overcapitalizee

 

[Jatz]

Oh no. Markets going down. Better sell.

Just goes to show how many people overcapitalizee

Or panic.

 

[Mofra]

80% of ASX trades are instos, many of whom constantly have to rebalance holdings as they have ETFs that track indices.

Unlike major US indices where most of the trading volume are bots and platforms. IIRC the CBOE is still pretty manual and hands on though.

 

[NonPhixion]

Submitted an At Market order on ALL with CommSec 1 hour ago. Nothing executed yet....

 

[Grumpyshades]

Submitted an At Market order on ALL with CommSec 1 hour ago. Nothing executed yet....

obviously selling

 

[Grumpyshades]

Or panic.

depends..It was pretty obvious early last week the market was going to tank. It was a great time to reduce exposure, bank profits and assess. Cash up ready to bag a bargain when the market starts to (hopefully) turn.

Why people waited till after Trumps "liberation day' speech when the market was in free fall I dont get

Not trying to sound like a smart ass btw just thought it was obvious

 

[HirdsTheWord]

S&P futures predicting another shocker in the US next trading session.

Anyone holding index puts (warrants or ETOs) - diamond hands for one more day, as tempting it is to take massive profits.

my views is that US market will open down but will pair back a little. Similar to the ASX today.

Still going to be rough though.

There are buyers out there. Just need to see who has the balls.

 

[NonPhixion]

obviously selling

2 hours later... Paid $2 more than what I should have.
Was this a CommSec issue today or widespread amongst brokers ?

 

[Grumpyshades]

2 hours later... Paid $2 more than what I should have.
Was this a CommSec issue today or widespread amongst brokers ?

they were extremely busy...apparently

 

[JHF1870]

I bought CBA at 58 sold at 139 when it was overvalued.

 

[DaRick]

Not surprised that Bitcoin got flushed.

I do think we're at a temporary bottom here, at least, so I'll book gains on my $GM and $NVDA shorts when the US market opens.

I'd say we get a relief rally followed a further decline.

Altcoins have been beaten up so badly this year that I wonder if there's a short squeeze coming (this is why you don't put more than 5-7% in crypto BTW).

More general advice for people here:

 

[JHF1870]

Nvidia and Tesla forecast to drop 10 percent tonight on orders

 

[DaRick]

NVDA's price has demonstrated a whipsaw effect in pre-market - going sharply down before shooting back up.

(Already cashed-in my short FWIW).