I see the number. I just don’t feel it.
We can’t bounce until people capitulate. Lol, show me where it hurts on the doll.
I’m curious how the conversation migrates from virus to other issues.
We will gap up tomorrow. Just a feel. You couldn’t get out today and you can’t get in tomorrow.
We created some island tops on the averages. I’ll draw some pictures later.
SaaS stocks calling to me. Inspired by Zoom maybe.
CRM earnings
Cloud shit stocks? Immune
Just thinking.. just putting together a “what if” shopping list
Airlines on CNBC now. Regrets
I have a serious finance question tangential to this thread.
I have about $10k in high interest credit card debt. I have some stock market investments I can take out to pay off the debt, that I would be completely taxed on. I haven't done so the last year or so because the market has been so good it didn't seem to make sense. Is the likelihood of the market tanking now high enough I should just take the money out, take the tax hit, and pay off my cards? I would of course be taking the L on whatever $$ the stocks lost today.
think about it this way verm…
what is the interest rate on that CC debt? if it's high interest im guessing it's north of 25%...is any investment that you have right now going to return 25%? the answer is 100% NO...yes the past year or two have been fucking insane, TSLA doubling in the first month of the year, etc...but overall I believe long-term equity return rates are something like 8-10%...you're always better off paying off high interest shit debt (ie not mortgage debt) than anything else...
Whats the prognosis for tomorrow? Can there be more shit being thrown in my face?
lol @ shak jesus christ, cherry on the cake
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
You should cash out asap, and it has nothing to do with what I think is going to happen in the market (because nobody knows that anyway). You're going to have to take a tax hit at some point anyway. Any time you have interest over 8% you should be paying that off before putting any money away.
from a scalping perspective, today felt very, very different. no oomph, no wind in sales, nothing carrying momentum long enough to profit off of or even create reliable patterns, everything was leaves fluttering in the wind. lots of re-reversals immediately after i punched my stoploss parachutes, pretty much constantly actually, in both directions.
reminded me actually of when i used to windsurf, sometimes everything would go calm and youre trying to stay upright and lean into the slightest breeze but suddenly the waves are the dominant force and you cant go anywhere but wet.
many times did i think about abrown's comment regarding being profitable in a down market and each time it felt more prescient than the last.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Jesus, wtf Palo Alto
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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