Haha, don't need all that. Just an "earnings came back ever so slightly better than expected" or "Fed indicates they might pause for one session before they continue hiking rates" is all we need to send market up 5%+...
Why I faded Fridays close.. again
- Thread starter KCalhoun
- Start date
Haha, don't need all that. Just an "earnings came back ever so slightly better than expected" or "Fed indicates they might pause for one session before they continue hiking rates" is all we need to send market up 5%+...
The "market" does not inflict pain, the Fed does. That's why your mortgage, CC interest and all other borrowing costs are going through the roof. The market just reacts to the Fed's painful injection of poison in the form of higher interest rates. When the Fed gives us relief, the markets will reward us with up-trending.
Sorry, you are 100% wrong. My mortgage is 100% fixed at 2.65% on the 30. I don't have any CC interest or any other borrowing costs. So nothing is going through the roof, sorry.
Yup. Everyone goes long. Then the next day, China drop zero covid policy, opens up fully, and invades Taiwan at the same time. Hello runaway inflation.
Here's the conundrum about that. The Dow was up 5% from Monday open to Friday close. And that is because of the banks gaining traction on the higher I-rates and thus their earning came in keen and delicious. But those same rate hikes hurt other players, like BIG TECH. It's such a game, such a terrible game. Wheeee!
Sorry, you are 100% wrong. My mortgage is 100% fixed at 2.65% on the 30. I don't have any CC interest or any other borrowing costs. So nothing is going through the roof, sorry.
In your world, yes. You do not have CC debt, so you do not understand variable APR. Your got your 30-year fixed back when it was 2.x% so that is good. You are not looking for any other borriwng, so you are set. That is great.
What I meant to indicate is that for other people who are looking to get a mortgage, people who have variable APR on CC, and whatever other debt loads they incur like a new car loan this quarter, they are feeling the pain the Fed is imposing upon them. It is NOT THE "MARKET" It is the Fed through interest rates.
It takes Balls to do what you did Ken. I don't just mean admitting a love for Silicon, but to average down on your losses.
I think this Bear Market Rally has a bit to run, Earnings and the ever eternal pivot optimism. But then, back down we go. Just my opinion.
No, I never average down on losses, I do the opposite and get out Very quickly at the first sign of trouble.
For daytrading I use .02-.2 stops, for swingtrading I use 2-day lows