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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 by slackster
Houston
Member since Mar 2009
91271 posts
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 by canyon
MM23
Member since Dec 2003
21251 posts
Posted on 7/29/22 at 3:25 pm to
No kidding
Not mad at all
Posted by Dead Snake
Member since Jun 2022
175 posts
Posted on 7/29/22 at 3:45 pm to
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
This post was edited on 7/29/22 at 3:46 pm
Posted by FLObserver
Jacksonville
Member since Nov 2005
15723 posts
Posted on 7/29/22 at 3:45 pm to
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 by skewbs
Member since Apr 2008
2194 posts
Posted on 7/29/22 at 4:49 pm to
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 by SlidellCajun
Slidell la
Member since May 2019
15699 posts
Posted on 7/29/22 at 4:55 pm to
I’d actually rather see the market take a breather. Maybe go sideways for a few months

Posted by LSUShock
Kansas
Member since Jun 2014
5514 posts
Posted on 7/29/22 at 9:17 pm to
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 by OTIS2
NoLA
Member since Jul 2008
52135 posts
Posted on 7/29/22 at 9:22 pm to
Wish I’d sold my SQQQ earlier this summer...
Posted by Hawkeye here
Member since Jul 2022
194 posts
Posted on 7/29/22 at 9:30 pm to
Meta finished down for July
This post was edited on 7/29/22 at 9:31 pm
Posted by HubbaBubba
North of DFW, TX
Member since Oct 2010
50697 posts
Posted on 7/30/22 at 12:01 pm to
quote:

S&P 500 finished July up 9%; Nasdaq up 12%. Best month since April 2020
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.
Posted by TigerDeBaiter
Member since Dec 2010
10626 posts
Posted on 7/31/22 at 7:52 am to
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 by Strannix
C.S.A.
Member since Dec 2012
52734 posts
Posted on 7/31/22 at 8:21 am to
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 by slackster
Houston
Member since Mar 2009
91271 posts
Posted on 7/31/22 at 11:17 am to
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 by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 7/31/22 at 2:24 pm to
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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