U.S. stocks continue to soar!

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Dry-Drink
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Re: U.S. stocks continue to soar!

Post by Dry-Drink »

Marseille07 wrote: Wed May 25, 2022 2:06 pm Markets liking that the minutes hinted 50bps hikes in June & July, not Jim Cramer's 100bps hikes.
To be fair, I always thought the idea of a 75 bps June hike was ridiculous. Powell made sure to address that nonsense back in early May though.
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

Dry-Drink wrote: Wed May 25, 2022 2:43 pm To be fair, I always thought the idea of a 75 bps June hike was ridiculous. Powell made sure to address that nonsense back in early May though.
Yes, they should just keep doing 50bps steadily while keeping an eye on the inflation data. No need to be bumpy.
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canadianbacon
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Re: U.S. stocks continue to soar!

Post by canadianbacon »

Great day, if there’s one thing I am certain of, it’s that this rally is not fake and will hold up. :-D
Bulls make money, bears make money, pigs get slaughtered.
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

canadianbacon wrote: Wed May 25, 2022 2:45 pm Great day, if there’s one thing I am certain of, it’s that this rally is not fake and will hold up. :-D
This rally is courtesy fed so your 401k DCA in on the peak before we sink in more.

I hope I am wrong. But the pattern last 4 months is clear..as it can be.

Fake rally rise, bad news dump..it's happening like a clock work..tik tok tik tok.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

bagastuff wrote: Wed May 25, 2022 3:08 pm If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
I do wish but I've lost faith..just look at Nasdaq after hours..

I have a feeling tomorrow may be ..a red day..
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

elderwise wrote: Wed May 25, 2022 3:11 pm
bagastuff wrote: Wed May 25, 2022 3:08 pm If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
I do wish but I've lost faith..just look at Nasdaq after hours..

I have a feeling tomorrow may be ..a red day..
Depends on NVDA
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

bagastuff wrote: Wed May 25, 2022 3:12 pm
elderwise wrote: Wed May 25, 2022 3:11 pm
bagastuff wrote: Wed May 25, 2022 3:08 pm If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
I do wish but I've lost faith..just look at Nasdaq after hours..

I have a feeling tomorrow may be ..a red day..
Depends on NVDA
Ok my favorite 3x Bull etn fngu is dumping so I guess nvda is dumping too.
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

bagastuff wrote: Wed May 25, 2022 3:12 pm
elderwise wrote: Wed May 25, 2022 3:11 pm
bagastuff wrote: Wed May 25, 2022 3:08 pm If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
I do wish but I've lost faith..just look at Nasdaq after hours..

I have a feeling tomorrow may be ..a red day..
Depends on NVDA
As predicted, down 10% AH after beating top and bottom but guiding lower than expected due to Russia and China lockdowns.
alfaspider
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Re: U.S. stocks continue to soar!

Post by alfaspider »

Dry-Drink wrote: Wed May 25, 2022 2:43 pm
Marseille07 wrote: Wed May 25, 2022 2:06 pm Markets liking that the minutes hinted 50bps hikes in June & July, not Jim Cramer's 100bps hikes.
To be fair, I always thought the idea of a 75 bps June hike was ridiculous. Powell made sure to address that nonsense back in early May though.
Given that we are already seeing things like a slowing housing markets from existing rate hikes, I think they will likely be able to tame the asset run ups without huge dramatic hikes. The tougher nut to crack will be energy inflation. That may be hard to stop without putting the entire economy into a deep recession.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

atdharris wrote: Wed May 25, 2022 3:32 pm
bagastuff wrote: Wed May 25, 2022 3:12 pm
elderwise wrote: Wed May 25, 2022 3:11 pm
bagastuff wrote: Wed May 25, 2022 3:08 pm If you're suggesting this rally lasts till EOD Friday then hey at least we can enjoy our weekend.
I do wish but I've lost faith..just look at Nasdaq after hours..

I have a feeling tomorrow may be ..a red day..
Depends on NVDA
As predicted, down 10% AH after beating top and bottom but guiding lower than expected due to Russia and China lockdowns.
Silly meme stocks
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canadianbacon
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Re: U.S. stocks continue to soar!

Post by canadianbacon »

elderwise wrote: Wed May 25, 2022 2:57 pm
canadianbacon wrote: Wed May 25, 2022 2:45 pm Great day, if there’s one thing I am certain of, it’s that this rally is not fake and will hold up. :-D
This rally is courtesy fed so your 401k DCA in on the peak before we sink in more.
Joke's on them, I'm not contributing!
Bulls make money, bears make money, pigs get slaughtered.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

S&P back above 4k.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

Let see if we can make it stick.
Dry-Drink
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Re: U.S. stocks continue to soar!

Post by Dry-Drink »

The “fake pump” brigade awfully quiet today…
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
you're just in the wrong thread

I have to say, this does feel a bit like the start of a roller coaster... tik tik tik tik tik tik tik
Last edited by bagastuff on Thu May 26, 2022 11:49 am, edited 1 time in total.
elderwise
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Re: U.S. stocks continue to soar!

Post by elderwise »

Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I've got 2x Inverse daq100 etn FNGD (2 shr only tho) as I am 95% sure this is another fake pump that will barely last 2 days..

Also got NRGD 3x inverse oil :mrgreen: .
Firemenot
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Re: U.S. stocks continue to soar!

Post by Firemenot »

Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I’m so tired of reading the phrase “fake pump.”. A very un-Boglehead term. More the talk of a day-trader/market-timer type.
carminered2019
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Re: U.S. stocks continue to soar!

Post by carminered2019 »

Am I dreaming ? completed my new AA from 75/25 to 90/10 last week. :sharebeer
strummer6969
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Re: U.S. stocks continue to soar!

Post by strummer6969 »

What a beautiful sight today. :sharebeer
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Beensabu
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Re: U.S. stocks continue to soar!

Post by Beensabu »

Firemenot wrote: Thu May 26, 2022 12:00 pm
Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I’m so tired of reading the phrase “fake pump.”. A very un-Boglehead term. More the talk of a day-trader/market-timer type.
Yes, let's call it a short-term rally amidst a mid-term downward trend instead.

Or, a Fump. I like Fump. You can use it for both directions. Term consolidation.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
Tamalak
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Re: U.S. stocks continue to soar!

Post by Tamalak »

carminered2019 wrote: Thu May 26, 2022 12:02 pm Am I dreaming ? completed my new AA from 75/25 to 90/10 last week. :sharebeer
Nice timing! So far :twisted:
carminered2019
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Re: U.S. stocks continue to soar!

Post by carminered2019 »

Tamalak wrote: Thu May 26, 2022 12:17 pm
carminered2019 wrote: Thu May 26, 2022 12:02 pm Am I dreaming ? completed my new AA from 75/25 to 90/10 last week. :sharebeer
Nice timing! So far :twisted:
caught a lot of knives on the way down :annoyed
Firemenot
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Re: U.S. stocks continue to soar!

Post by Firemenot »

Beensabu wrote: Thu May 26, 2022 12:17 pm
Firemenot wrote: Thu May 26, 2022 12:00 pm
Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I’m so tired of reading the phrase “fake pump.”. A very un-Boglehead term. More the talk of a day-trader/market-timer type.
Yes, let's call it a short-term rally amidst a mid-term downward trend instead.

Or, a Fump. I like Fump. You can use it for both directions. Term consolidation.
There you go. Basically just a term that says I don’t think this action of day will hold. Much less conspiratorial sounding. Or how about “temporary”?
Marseille07
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Re: U.S. stocks continue to soar!

Post by Marseille07 »

carminered2019 wrote: Thu May 26, 2022 12:19 pm
Tamalak wrote: Thu May 26, 2022 12:17 pm
carminered2019 wrote: Thu May 26, 2022 12:02 pm Am I dreaming ? completed my new AA from 75/25 to 90/10 last week. :sharebeer
Nice timing! So far :twisted:
caught a lot of knives on the way down :annoyed
I think the markets remain volatile until the July hike. The Fed might pause or slow down then.
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Beensabu
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Re: U.S. stocks continue to soar!

Post by Beensabu »

Firemenot wrote: Thu May 26, 2022 12:20 pm
Beensabu wrote: Thu May 26, 2022 12:17 pm
Firemenot wrote: Thu May 26, 2022 12:00 pm
Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I’m so tired of reading the phrase “fake pump.”. A very un-Boglehead term. More the talk of a day-trader/market-timer type.
Yes, let's call it a short-term rally amidst a mid-term downward trend instead.

Or, a Fump. I like Fump. You can use it for both directions. Term consolidation.
There you go. Basically just a term that says I don’t think this action of day will hold. Much less conspiratorial sounding. Or how about “temporary”?
You know when you're pouring a sauce out of a container that has a full opening instead of the little hole and sometimes you get that big bunch of extra that you didn't mean to pour?

We call that a "bloop".

What do you think of Bloop?
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
strummer6969
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Re: U.S. stocks continue to soar!

Post by strummer6969 »

Interesting --> Nasdaq up ~3% and BTC is down. They usually move in tandem so that's a bit unusual.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

strummer6969 wrote: Thu May 26, 2022 12:43 pm Interesting --> Nasdaq up ~3% and BTC is down. They usually move in tandem so that's a bit unusual.
btc back to acting as a diworsifier!
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

strummer6969 wrote: Thu May 26, 2022 12:43 pm Interesting --> Nasdaq up ~3% and BTC is down. They usually move in tandem so that's a bit unusual.
Crypto seems to be dropping these days regardless of what the market does.
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

Taper in progress...
Stocks-80% || Bonds-20% || VTI/VXUS/AOR
Misenplace
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Re: U.S. stocks continue to soar!

Post by Misenplace »

A post discussing "the crimes, shortcomings or stupidity of other people" has been removed as such is off-topic for the forum.

See Non-actionable Trolling Topics rules#rule-4b

Also, as a reminder, cryptocurrency as an investment is off-topic. See: Greater Fool Investing Strategies
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Discussions of investment strategies based on securities or physical assets that have no underlying value or negative expected long term returns are prohibited. Examples include: cryptocurrencies; lottery tickets; tulip bulbs; Ponzi, pyramid, and multi-level marketing schemes; affinity frauds; and market manipulation schemes.
Let's get the discussion off of crypto and back to the soaring stock market.

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bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

lostdog wrote: Thu May 26, 2022 2:04 pm Taper in progress...
Thx for the rebound
sailaway
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Re: U.S. stocks continue to soar!

Post by sailaway »

Wowza. Can't wait to see what tomorrow brings!
carminered2019
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Re: U.S. stocks continue to soar!

Post by carminered2019 »

sailaway wrote: Thu May 26, 2022 3:11 pm Wowza. Can't wait to see what tomorrow brings!
More FOMO !!!!!!
sailaway
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Re: U.S. stocks continue to soar!

Post by sailaway »

carminered2019 wrote: Thu May 26, 2022 3:25 pm
sailaway wrote: Thu May 26, 2022 3:11 pm Wowza. Can't wait to see what tomorrow brings!
More FOMO !!!!!!
Luckily, watching the lines bounce around and change between red and green is all the stock based excitement I need 8-)
H-Town
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Re: U.S. stocks continue to soar!

Post by H-Town »

sailaway wrote: Thu May 26, 2022 3:11 pm Wowza. Can't wait to see what tomorrow brings!
Tomorrow will definitely bring sunrise and a hot cup of coffee. Anything after that is just extra.
Time is the ultimate currency.
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Candor
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Re: U.S. stocks continue to soar!

Post by Candor »

elderwise wrote: Thu May 26, 2022 11:43 am
Dry-Drink wrote: Thu May 26, 2022 11:40 am The “fake pump” brigade awfully quiet today…
I've got 2x Inverse daq100 etn FNGD (2 shr only tho) as I am 95% sure this is another fake pump that will barely last 2 days..

Also got NRGD 3x inverse oil :mrgreen: .
2 shares? For a total of what $140? Now that's a commitment, lol.
The fool, with all his other faults, has this also - he is always getting ready to live. - Seneca Epistles < c. 65AD
newyorker
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Re: U.S. stocks continue to soar!

Post by newyorker »

Dry powder inserted 😳
lostdog
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Re: U.S. stocks continue to soar!

Post by lostdog »

newyorker wrote: Thu May 26, 2022 4:05 pm Dry powder inserted 😳
:sharebeer
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HanSolo
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Re: U.S. stocks continue to soar!

Post by HanSolo »

canadianbacon wrote: Wed May 25, 2022 2:45 pm Great day, if there’s one thing I am certain of, it’s that this rally is not fake and will hold up. :-D
So you're 100% in call options? Certainty sounds like a good thing... if you're certain.
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corpgator
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Re: U.S. stocks continue to soar!

Post by corpgator »

H-Town wrote: Thu May 26, 2022 3:36 pm
sailaway wrote: Thu May 26, 2022 3:11 pm Wowza. Can't wait to see what tomorrow brings!
Tomorrow will definitely bring sunrise and a hot cup of coffee. Anything after that is just extra.
You get sunshine where you are? Lucky.
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Stinky
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Re: U.S. stocks continue to soar!

Post by Stinky »

Futures are a soft shade of green.

It looks like Mr Market will finally break the string of consecutive "free falling" weeks.
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
gonefishing01
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Re: U.S. stocks continue to soar!

Post by gonefishing01 »

The sun is up and futures are a deeper shade of green. Good start to a (US) holiday weekend? :sharebeer
strummer6969
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Re: U.S. stocks continue to soar!

Post by strummer6969 »

Woohoo my investments are up this week! But I'm still sitting on a bunch of dry powder doh!
drg02b
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Re: U.S. stocks continue to soar!

Post by drg02b »

PCE Inflation numbers tapered slightly, so it's a green day.
bagastuff
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Re: U.S. stocks continue to soar!

Post by bagastuff »

strummer6969 wrote: Fri May 27, 2022 8:04 am Woohoo my investments are up this week! But I'm still sitting on a bunch of dry powder doh!
Still a huge discount compared to a month or 6 ago
Keenobserver
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Re: U.S. stocks continue to soar!

Post by Keenobserver »

I am in the Green in my idex for 1 year, so technically a good year despite the blip.
NYstrip
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Re: U.S. stocks continue to soar!

Post by NYstrip »

The thought here is that the market is rallying this week for two reasons: one is that not all retailers had poor earnings like last week. Seems if you had the right product mix you did OK.

Secondly, the economy is, I won't say crashing, but is slowing significantly - classic case of bad news is good news because the market believes the Fed won't have to raise rates as much as initially thought.

Have we found a bottom? Perhaps, but with the personal savings rate crashing, I suspect future data will be poor, which will drive us lower.
Robot Monster
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Re: U.S. stocks continue to soar!

Post by Robot Monster »

"The whole market is doing a rates vol relief trade, from FX, credit to equities. The cross asset question now is two fold, has rate vol peaked for this cycle and what is its new range?" -- Jon Turek tweet link
atdharris
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Re: U.S. stocks continue to soar!

Post by atdharris »

We could be range-bound for the foreseeable future. It could very well be likely inflation has peaked, but that comes with an economic slowdown and demand destruction due to rising interest rates. The market is forward looking though. It will probably begin to recover before the worst of the economic dip is over.
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