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Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
BBBY
The squeeze won't work with paper hands.

Down 41% this morning

 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,008
123,340
Bitcoin down 7.5% today.
Down $1740 to $21,450

For being a decentralized investment alternative, it sure tends to follow the market wherever it goes.
Yeah it definitely appears that way. Weird.
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,008
123,340
Jumped back in to Carnival Cruise.
And I held my nose and bought some Disney.

DraftKings had another good day today (up 9.5%)

Oil at a 6 month low. Dow showing hints that $30k might have been the low - which is pretty much the level before the Covid crash.

Or...This could be a head fake.
Looks like it was a head fake. Last two days have been brutal. Have my 401k still sitting in bonds, waiting for this shit show to show some signs of a bottom.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
Looks like it was a head fake. Last two days have been brutal. Have my 401k still sitting in bonds, waiting for this shit show to show some signs of a bottom.
2% haircut isn't good. Ugly day. Basically gave up 15 days of gains.

10 yr yield is at 3%
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
Aren't we still due for a housing correction?
Housing is OK.
Permits have slowed because of the mortgage rates, but that's to be expected. Home prices are no longer surging, but by no means are we seeing a fire sale due to foreclosures.

Big increase in build-to-rent homes during the madness. That was definitely an interesting development.

Around here (midwest) residential housing has cooled off but commercial developments that have been kicked down the road for the last year or so are finally getting a green light at these lumber levels (still high compared to historical numbers, but not insane)
 

IschKabibble

TMMAC Addict
First 100
Jan 15, 2015
15,833
21,579
Housing is OK.
Permits have slowed because of the mortgage rates, but that's to be expected. Home prices are no longer surging, but by no means are we seeing a fire sale due to foreclosures.

Big increase in build-to-rent homes during the madness. That was definitely an interesting development.

Around here (midwest) residential housing has cooled off but commercial developments that have been kicked down the road for the last year or so are finally getting a green light at these lumber levels (still high compared to historical numbers, but not insane)
Doesn't make sense to me from a broader perspective. The speculative investors fucked our market up in Orlando. Unless prices come down, or wages magically start rising, most folks are priced out.

Untitled.png
 

Wild

Zi Nazi
Admin
Dec 31, 2014
85,008
123,340
Overpriced houses at exorbitant interest rates. What could possibly go wrong.
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
DOW is down over $1000 today alone.
3.34% in the red

They expected CPI to fall.
It went up.

Basically guaranteeing the Fed will hike rates by a full 100 bps later this month.



But let's keep giving out "inflation assistance"
Let's keep promising we'll cancel student loans.
Let's keep doing stupid shit like AB 257.
More strikes!
Mandatory EVs!
Social Credit Scores!
Vaccine Mandates!

Biden: "I created so many jobs!"

Fuckung derp da derp.
This shit ain't ending anytime soon.
My guess? January 20, 2025

 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
Approaching 5% dive TODAY in NASDAQ.

That's usually a bad month.

1 fucking day.

Screenshot_20220913-151930_Webull.jpg
 

Hauler

Been fallin so long it's like gravitys gone
Feb 3, 2016
45,415
57,815
Although I did collect a nice divi from my LUMN stock.

It pays 10% yield at these levels. Haha.