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6/12 Futures: Nasdaq down 225. Dow Down 330. S&P down 58. Blood in the street tomorrow.

Posted on 6/12/22 at 6:16 pm
Posted by LSU in the hizzle
Member since May 2022
222 posts
Posted on 6/12/22 at 6:16 pm
Don't shoot the messenger.
This post was edited on 6/12/22 at 9:37 pm
Posted by AUCE05
Member since Dec 2009
42582 posts
Posted on 6/12/22 at 6:17 pm to
Buy when there's blood in the streets. Even if the blood is yours.
Posted by thelawnwranglers
Member since Sep 2007
38901 posts
Posted on 6/12/22 at 6:28 pm to
quote:

Buy when there's blood in the streets. Even if the blood is yours.


More blood to come
Posted by Decisions
Member since Mar 2015
1492 posts
Posted on 6/12/22 at 6:37 pm to
quote:

Buy when there's blood in the streets. Even if the blood is yours.


In most normal corrections/minor recessions I would agree. This is neither of those.

The macros/fundamentals are finally coming home to roost and anyone with a bit of sense should look at the situation and realize that while you can’t perfectly time the market, there is still lots of pain to come and it’s not a good time to take a long-term position with most of these stocks.
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7443 posts
Posted on 6/12/22 at 6:39 pm to
This is a Husssssss post.

You shouldn’t be stealing his thunder.
Posted by LSU in the hizzle
Member since May 2022
222 posts
Posted on 6/12/22 at 6:40 pm to
quote:

In most normal corrections/minor recessions I would agree. This is neither of those.


I've been saying this, people don't listen.

The Fed put is likely over, or at least diminished.

13 years of zero rates and money printing are over.

There is no telling where we bottom, we haven't been in an inflationary rising rate environment like this since the late 70s/early 80s.
This post was edited on 6/12/22 at 6:42 pm
Posted by Double Oh
Louisiana
Member since Sep 2008
18210 posts
Posted on 6/12/22 at 7:03 pm to
fuk not again
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/12/22 at 7:10 pm to
You make money on red days.

Pick a price on VTI your comfortable with.


and when it hits…


BUY!


Posted by GhostofJackson
Speedy Teflon Wizard
Member since Nov 2009
6606 posts
Posted on 6/12/22 at 7:11 pm to
Best thing to do is hold. Stock are going to get trashed, many people are going to lose much of their money and won't be able to retire.

That being said, it will recover one day and if it doesn't, it means the money you invested with is worthless anyway.
Posted by Lsut81
Member since Jun 2005
80338 posts
Posted on 6/12/22 at 7:43 pm to
These threads normally don’t work out… like a reversed jinx.

However, odds we end the week under 30k? Seems very possible.

Eta: just looked and Nikkei is down 750pts or 2.5% right now.
This post was edited on 6/12/22 at 7:55 pm
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/12/22 at 8:07 pm to
Crypto going down too.
Posted by Lsut81
Member since Jun 2005
80338 posts
Posted on 6/12/22 at 8:13 pm to
If we follow what asia is doing right now, real chance of touching 30k by mid week.

If pre hold where they are, we’re only 1100 away. Could easily lose another 5-600 on top of the -275 right now.
Posted by beaverfever
Little Rock
Member since Jan 2008
32851 posts
Posted on 6/12/22 at 8:16 pm to
I’ve always been a bull but interest rates are aggressively heading in the wrong direction. That’s not a simple headwind. It’s a reckoning. There will be a new status quo with valuations until that changes.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 6/12/22 at 8:19 pm to
Oil dropping, too. Recession confirmed
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 6/12/22 at 8:23 pm to
quote:

real chance of touching 30k by mid week.

If pre hold where they are, we’re only 1100 away. Could easily lose another 5-600 on top of the -275 right now.


CPI print was that bad. Hard to see much dip buying with the writing on the wall.
Posted by Lsut81
Member since Jun 2005
80338 posts
Posted on 6/12/22 at 8:27 pm to
I’ve got tons of cash on the sidelines right now, trying to decide if to buy all the way down, or wait a little while then go in with bigger sums.
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/12/22 at 8:28 pm to
And the Fed rate hike this Wed at 2 pm EST. .5? .75?……..1?!
Posted by Lsut81
Member since Jun 2005
80338 posts
Posted on 6/12/22 at 8:32 pm to
We’re down 339 and steadily falling. Chance we could open -500+ at this rate.

But like I said, these threads are often the reverse the curse.

Eta -367 in the 20 seconds it took to type the above
This post was edited on 6/12/22 at 8:33 pm
Posted by Realityintheface
Member since May 2022
1784 posts
Posted on 6/12/22 at 8:36 pm to
S&P500 at 3600 is 25% down which is firmly in bear market territory. Some say start buying at 3400.
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 6/12/22 at 8:36 pm to
quote:

trying to decide if to buy all the way down,


No reason to do this for the majority of stocks right now. Better to wait until the view clears up.

The Fed has telegraphed their intent and they acknowledged more pain is to come.

Stay the hell away from any unprofitable company with a high debt/equity ratio. Those companies are likely to need to refinance their debts at higher interest rates.
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