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Market getting slaughtered again today

Posted on 5/12/22 at 9:05 am
Posted by Double Oh
Louisiana
Member since Sep 2008
17840 posts
Posted on 5/12/22 at 9:05 am
Depressing
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72716 posts
Posted on 5/12/22 at 9:08 am to
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 5/12/22 at 9:11 am to
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 9:16 am to
Will close green
Posted by Old Money
Member since Sep 2012
36389 posts
Posted on 5/12/22 at 9:47 am to
Depressing? I have been making bank. I buy SPY puts every day at close and wake up with $$$$
Posted by CouldCareLess
Member since Feb 2019
2686 posts
Posted on 5/12/22 at 11:18 am to
Short the market and win
Posted by skewbs
Member since Apr 2008
2008 posts
Posted on 5/12/22 at 11:30 am to
SARK has been absolute money for me. Almost up 100%. Bought in first week of April. I'll sell if it gets to $86 for a legit double-up
Posted by Jag_Warrior
Virginia
Member since May 2015
4112 posts
Posted on 5/12/22 at 11:42 am to
quote:

I buy SPY puts every day at close and wake up with $$$$


Nothing wrong with that, since it sounds like you have a consistent plan and you have a maximum defined risk. Until this downtrend peters out, I think that you’ll keep stacking chips. Bravo, playa.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 1:20 pm to
quote:

close green


My post aged like sour wine. Underestimating the negativity out there.
Posted by bayoubengals88
LA
Member since Sep 2007
18946 posts
Posted on 5/12/22 at 1:25 pm to
quote:

My post aged like sour wine. Underestimating the negativity out there.

I read a prediciton that QQQ will find a more reasonable P/E ration at $237.
Posted by bayoubengals88
LA
Member since Sep 2007
18946 posts
Posted on 5/12/22 at 1:27 pm to
I find it actually scarier that we're not getting those huge intraday swings like we've had during Covid and prior.

For the most part it is just dull pain, day in and day out.
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 1:44 pm to
That’s near tech bubble downside for the Nasdaq

quote:

For the most part it is just dull pain, day in and day out.


I think that’s just it. COVID sell off was worse.. yet it only lasted a few months. This has been drawn out all year. Hits the psychology worse IMO.
This post was edited on 5/12/22 at 1:46 pm
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 5/12/22 at 1:59 pm to
This isn’t a correction anymore, time to consider it a bear market?
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 2:54 pm to
Technically, not yet. In the S&P or Dow.

S&P value only down 8.5%
Posted by LSUcam7
FL
Member since Sep 2016
7906 posts
Posted on 5/12/22 at 3:01 pm to
quote:

Will close green




Wild. Nasdaq flipped positive.

S&P nearly went green.

Small caps rallied.

Don’t pay too much attention to intraday moves right now, folks.
Posted by CORIMA
LAFAYETTE
Member since May 2014
523 posts
Posted on 5/12/22 at 3:14 pm to
LSUcam7

Good call, you nailed it
Posted by BK Lounge
Member since Nov 2021
3474 posts
Posted on 5/12/22 at 3:16 pm to
quote:

S&P nearly went green.




It was definitely trying at the end…. Here’s hoping it continues tomorrow, becuase, honestly- the only way i wont go into the weekend pissed off is if we somehow rally and finish 2,000 points or greater in the green… wont be holding my breath though .







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This post was edited on 5/12/22 at 4:07 pm
Posted by SlidellCajun
Slidell la
Member since May 2019
10436 posts
Posted on 5/12/22 at 6:18 pm to
What I find interesting is that the Nasdaq and Russel rebounded while Dow and sp500 were down

Are we seeing a bottom in small cap and tech?
This post was edited on 5/13/22 at 10:19 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30586 posts
Posted on 5/12/22 at 6:37 pm to
Growth is showing signs of short term bottom. It’s been hammered for nearly a year now
This post was edited on 5/12/22 at 6:38 pm
Posted by moock blackjack
Member since Apr 2008
96202 posts
Posted on 5/12/22 at 10:48 pm to
Thanks Brandon
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