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S&P 500 finished July up 9%; Nasdaq up 12%. Best month since April 2020
Posted on 7/29/22 at 3:19 pm
Posted on 7/29/22 at 3:19 pm
Bear market rally or not, it was nice to get a little reprieve after the 2Q. 
Posted on 7/29/22 at 3:45 pm to slackster
I’m feeling rich rich as frick right now
Feels good mates. Seems odd it still is going up now that we are in a recession but I guess that was already known
Feels good mates. Seems odd it still is going up now that we are in a recession but I guess that was already known
This post was edited on 7/29/22 at 3:46 pm
Posted on 7/29/22 at 3:45 pm to slackster
Dam a great month was needed and July certainly delivered
Do think we start treading water with the next two months being the worst for stocks historically . Been buying in small increments the last month but have kept about 30% dry powder for possible bigger dip that may come in the fall. If it doesn't come i will still be adding on dips like i got today on ABBV and SHW a few days ago. Bet the shorts hated July though.
This post was edited on 7/29/22 at 3:56 pm
Posted on 7/29/22 at 4:49 pm to FLObserver
quote:
dips like i got today on ABBV
You're the man! I did the same
Scooped 8 more shares. Up to 19 in total now.
Posted on 7/29/22 at 4:55 pm to slackster
I’d actually rather see the market take a breather. Maybe go sideways for a few months
Posted on 7/29/22 at 9:17 pm to slackster
Ill just keep making my contributions and maxing my Roth hoping to be a boring millionaire about 35 years from now.
This post was edited on 7/29/22 at 9:17 pm
Posted on 7/29/22 at 9:22 pm to slackster
Wish I’d sold my SQQQ earlier this summer...
Posted on 7/29/22 at 9:30 pm to slackster
Meta finished down for July 
This post was edited on 7/29/22 at 9:31 pm
Posted on 7/30/22 at 12:01 pm to slackster
quote:It's just to set up the suckers who were on the edge of selling off into a bear market creating losses the institutional investors aren't ready for. Push it up, pull people back from the edge, convincing them to hold, then it will drop to a thousand below where it was before the rally and those people who were on the edge are now on the edge again, only at 1000 points lower. Now they have to decide to ride it out and try to get back where they were, or not. They're pissed at themselves for not pulling the trigger before the rise. It's like gambling. People chase after their losses, trying to recover. The market can play this game with people all day long.
S&P 500 finished July up 9%; Nasdaq up 12%. Best month since April 2020
Posted on 7/31/22 at 7:52 am to HubbaBubba
Agreed. People should focus a lot more on the psychology of markets than they do. Especially crypto people. That’s essentially all of what crypto trades on.
Posted on 7/31/22 at 8:21 am to Dead Snake
quote:
Feels good mates. Seems odd it still is going up now that we are in a recession but I guess that was already known
Inflation inflation inflation
Posted on 7/31/22 at 11:17 am to HubbaBubba
quote:
It's just to set up the suckers who were on the edge of selling off into a bear market creating losses the institutional investors aren't ready for. Push it up, pull people back from the edge, convincing them to hold, then it will drop to a thousand below where it was before the rally and those people who were on the edge are now on the edge again, only at 1000 points lower. Now they have to decide to ride it out and try to get back where they were, or not. They're pissed at themselves for not pulling the trigger before the rise. It's like gambling. People chase after their losses, trying to recover. The market can play this game with people all day long.
If institutional investors can just push it up 10% in a month on a whim, why would they be worried about retail selling back in June and driving it down further?
I believe things like this happen, but this specific instance seems goofy, at least the way you laid it out.
Posted on 7/31/22 at 2:24 pm to slackster
quote:
If institutional investors can just push it up 10% in a month on a whim, why would they be worried about retail selling back in June and driving it down further?
Agreed. Retail investors don’t have the influence on the equity markets that some believe. And retail traders have even less influence.
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