Jump to content

Markets still falling like whoa


Recommended Posts

10 hours ago, Wally Fairway said:

fair warning - I have no principles

2nd fair warning - I am heading to Chicago for the weekend, last time I did this was end of Feb 2020 & the market went into crash mode. If this happens again in the next week it confirms causation 📉

Price me wrong 

  • Haha 1
Link to comment
Share on other sites

9 hours ago, BearSchlong said:

So who thinks Reddit is the new FAANG?

I made some money on it today. Thinking I might add some weight tomorrow.

I don't think it at all, and it's the website I spend the most time on outside of here.

For one, it's only $7B market cap. But more importantly, it just isn't mainstream enough. 

 

Link to comment
Share on other sites

I don't think it at all, and it's the website I spend the most time on outside of here.

For one, it's only $7B market cap. But more importantly, it just isn't mainstream enough. 
 
I think it will take off, especially as more people use it beyond the youngs. I spend more time there than here, and it's becoming a "google" for answers.
Link to comment
Share on other sites

5 minutes ago, Mother mopar said:
1 hour ago, FirstTimeCaller said:
I don't think it at all, and it's the website I spend the most time on outside of here.

For one, it's only $7B market cap. But more importantly, it just isn't mainstream enough. 
 

I think it will take off, especially as more people use it beyond the youngs. I spend more time there than here, and it's becoming a "google" for answers.

It's had two decades. I think it will continue to grow, but not Facebook-style hockey stick growth. It is so eccentric that I think it runs off "normals"  

And it's becoming Google for answers because Google updated their algorithms to heavily promote it. There's a $60 million deal for Google to use Reddit for training its AI, but the traffic that Google has pushed to them with that algo change is worth much, much more.

image.png.7b12eb48a93e2914378122b2dc256d84.png 

One algo change and the value of the company will absolutely plummet.

Link to comment
Share on other sites

5 hours ago, FirstTimeCaller said:

I don't think it at all, and it's the website I spend the most time on outside of here.

For one, it's only $7B market cap. But more importantly, it just isn't mainstream enough. 

They also have been taking tens of millions in losses despite significant revenue growth (according to their filings)

image.thumb.png.d823b0a93ca562be8d0181470416504f.png

Their operating loss is greater than what it cost them to get that business in the first place for goodness sakes lol

Link to comment
Share on other sites

The fact that anyone would mod that place for free is wild to me. Especially after the CEO took home something like $200 million.

You want me to spend my time and energy moderating your content? Pay me.

Link to comment
Share on other sites

So if one were to launch a stock sale for say, $3bn?  And then then next day, for example, sell 1/3rd of that stock...would that affect the rest the outstanding share pricing?  Just asking for a friend.  

Link to comment
Share on other sites

On 3/22/2024 at 8:02 PM, FirstTimeCaller said:

The fact that anyone would mod that place for free is wild to me. Especially after the CEO took home something like $200 million.

You want me to spend my time and energy moderating your content? Pay me.

Consider the psychology of people whose time have such little value

  • Hook 'Em 3
Link to comment
Share on other sites

1 hour ago, 52-80 said:

Consider the psychology of people whose time have such little value

Mr. 16,000 posts is saying that to Mr. 5,000 posts on this website that's entirely a waste of time?

Link to comment
Share on other sites

Just now, FirstTimeCaller said:

Mr. 16,000 posts is saying that to Mr. 5,000 posts on this website that's entirely a waste of time?

Im posting for my own enjoyment. Im not babysitting you for the communitys (perceived) benefit. 
 

thats the difference between leisure and labor. 

Link to comment
Share on other sites

So if one were to launch a stock sale for say, $3bn?  And then then next day, for example, sell 1/3rd of that stock...would that affect the rest the outstanding share pricing?  Just asking for a friend.  

Guess your friend doesn’t have to worry anymore since that person doesn’t have to sell anymore …
Link to comment
Share on other sites

6 hours ago, YGIFS said:

Are the NYSE and NASDAQ different exchanges or am I just going senile?

Not sure the exact technical answer to the first question; for the second if you have to ask it is probably true.
The NYSE and NASDAQ are separate entities - some history on the NYSE https://www.nyse.com/history-of-nyse#:~:text=In 2008%2C the NYSE acquired,listing on NYSE in 2005.

Quote

In the early 2000s, changes occurred across the NYSE. On November 16, 2005, Intercontinental Exchange (NYSE: ICE) listed on the NYSE. In 2006, the New York Stock Exchange (NYSE), Archipelago (Arca), and the Pacific Exchange (PCX) merged to form the publicly traded NYSE Group, ending membership ownership of the Exchange. In 2008, the NYSE acquired the American Stock Exchange, becoming the third largest U.S. options market. By 2013, ICE acquired the NYSE and remains the parent organization of the Exchange today.

NASDAQ is also a separate publicly traded exchange - https://corporatefinanceinstitute.com/resources/career-map/sell-side/capital-markets/nasdaq/

Quote

The NASDAQ is a U.S.-based stock market exchange and the second-largest stock exchange by market cap globally. NASDAQ stands for National Association of Security Dealers Automated Quotations and is owned and operated by NASDAQ Inc.

 

Both ICE and NASDAQ, Inc. are publicly traded, and the largest investors are institutions like Black Rock, Vanguard, State Street, TRowe Price, Lazard,  etc - so it seems like it is a circle within a circle, or maybe just a big money manager circle jerk. 

Link to comment
Share on other sites

4 hours ago, bernorange said:

Did you buy it because you think it has value long term, or because you hope others will drive the price up so you can then sell?

Do any stocks really have value long term at current valuations??

  • Hook 'Em 2
  • Like 1
Link to comment
Share on other sites

1 hour ago, Dish Boggett said:

Anyone get in on the Truth Social action today?  
 

THIS IS NOT THE STONK THREAD

 

Also, is there an index fund of marine salvage corporations in the mid Atlantic coast?

 

NO ETF/Mutual fund - but here is a list https://swingtradebot.com/stocks-tagged-as/12125-salvage

 

 

replies above

Edited by Wally Fairway
Link to comment
Share on other sites

17 hours ago, Wally Fairway said:

replies above

Thanks for the replies and forgive my transgressions. Will do better on posting in the appropriate thread moving forward.

Also I probably should have added that the questions were mostly in jest and seeking comical responses. 

  • Hook 'Em 1
Link to comment
Share on other sites

Finally, a decent pullback in the market. Let's see if we can actually get some of the froth out of this market. 

Link to comment
Share on other sites

Stock prices drop a bit and yields tick up? I'll take both. Hell, give me a month of it, and I'd be happy. 

Now if oil would chill out a little bit.

Link to comment
Share on other sites

36 minutes ago, FirstTimeCaller said:

Stock prices drop a bit and yields tick up? I'll take both. Hell, give me a month of it, and I'd be happy. 

Now if oil would chill out a little bit.

be careful what you wish for - you might just get the whole darn thing. I once heard these words from a wise may ( or maybe it was a wise guy )

Link to comment
Share on other sites

4 minutes ago, Trey3216 said:

I've been saying for a few months I don't think we're cutting this year.  

Yeah, I guess it was in the inflation thread, but I talked about not understanding that the consensus was there were going to be cuts.

Low unemployment, solid GDP, inflation still higher than 2%. What's the need to cut?

Link to comment
Share on other sites

Just now, FirstTimeCaller said:

Yeah, I guess it was in the inflation thread, but I talked about not understanding that the consensus was there were going to be cuts.

Low unemployment, solid GDP, inflation still higher than 2%. What's the need to cut?

The FED is going to get itself into a second, more disturbing pickle here really soon.  

 

One thing I've noticed lately, is there is a ton of heavy equipment/vehicle inventory in the market right now (both new and used) and I have a feeling we're going to start to see that creep down further into other consumer durables.  That's going to seriously way on economic activity, leading to a healthy pullback.

 

Secondly, if the FED stays off the cut train too long, they're going to get to a situation where a cut is going to look bad rather than inspire stimulus...i.e. they'll have to make too big a cut and that will spook the markets and business owners in a major way.   That will make the market have a wipeout pullback.  

Link to comment
Share on other sites

Just now, FirstTimeCaller said:

Yeah, I guess it was in the inflation thread, but I talked about not understanding that the consensus was there were going to be cuts.

Low unemployment, solid GDP, inflation still higher than 2%. What's the need to cut?

Well see, lots of really rich executives made a fuckton of money when interest rates were at zero. And now its harder to make money. Not so hard that they will discontinue stock buybacks, but hard enough that they can justify laying off another 10% of the company. 

  • Like 1
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...