Comments

  • No need to sell because stonks always go back up again! Ain't it great being rich and never needing to worry about market fluctuations?
  • "Stocks go up. Stocks go down. You can't explain that."
  •  
    HOLD!!!!  DON'T SELL.

    STICK IT TO THE SHORTS!!!!!

    DIAMOND HANDS!!!!!!
  • *not valid.in Forex markets
  • Oh cool my position in vixy that's down %90 might go up a couple points?
  • The really high flying stocks are getting battered and it's fun to watch. It's also fun to watch the 20-year-old YouTube "stock gurus" freaking out about it.

    Valuations do matter, and sometimes the market likes to remind us of that. If you buy quality companies at a good price, and you understand and believe in those companies, you'll be fine.
  • koder: No need to sell because stonks always go back up again! Ain't it great being rich and never needing to worry about market fluctuations?


    I got really into day trading for a minute and spent a ton of time, money, and effort studying how to do it before it dawned on me that the successful day traders I was learning from all started their careers already having a fortune in the bank to trade with. Failure was never a concern for them and profit was basically guaranteed since they could put thousands on the line in a two minute uptrend scalp and make more in a week than I make in a year.

    I felt so stupid. Fell for it hook, line and sinker.
  • I'm down about $2,500 on my E*trade account over the past 2 weeks.  Sh*t happens.  I'm not going to freak out about it. Long term, you will always win investing in the stock market.
  • That's a particularly boring article.  These guys really should focus on stocking their pool of writers.
  • How does Subby know about my Unabomber Cabin?   Nobody else knows about it except Mrs Johnson.
  • mjjt: [Fark user image image 850x301]


    64.media.tumblr.comView Full Size
  • It has been horribly overvalued for multiple quarters. We're in an asset bubble.

    Literally EVERYTHING is up - stocks, real estate, collectibles, art, venture capital ideas. There is way too much money chasing far too few opportunities, and someone has to be holding the hot potato when it stops.
  • Aw, rich people's feelings are going down because apparently they got overly happy.
  • Help, help, I'm scared and can't stand the risk any more!

    Fark user imageView Full Size
  • Whether one "believes" in a company has nothing to do with anything. It is something that older people know and younger people will not understand until the market teaches them.

    I find a sanguine contentment about valuation to be a humorous take myself, considering that many/most investors have not and do not pay attention to such things anymore. Nobody reads a prospectus, even if offered, which they are not. And balance sheets? Forget it. And if a person does not understand a balance sheet, they won't know how to calculate cash flow. Unable to do the actual math, will they be cautious?

    No, they will rely on a made up thing called a PEG ratio, derived from a PE ratio, which is derived from REPORTED and taxable earnings, which we know are treated as a necessary evil by companies anyway. High when they want to goose the stock. Low when they need to pay their taxes, or run out of tax holidays.

    Nope. It is all funny money, and even people who THINK they can look at a number and see "valuation" are just looking for a justification to throw money at the bonfire. Sentiment, not valuation, has been driving this market for a long time. It is foolish to pretend it is something else.

    So investors revert to "believing" in a company because, in their experience, "belief" is what creates value and high stock prices. Game Stop. AMC. Where were the fundamentals there? Hertz?

    Don't stop believing. Hold on to that feeling. Ignore that little man behind the curtain.
  • Ivo Shandor: mjjt: [Fark user image image 850x301]

    [64.media.tumblr.com image 480x365]


    ted by no means is a good person and i do not agree with many of his opinions, but i really enjoyed his writing. i've bought a few of his books and found them to be interesting reads.
  • Snarcoleptic_Hoosier: horribly overvalued


    Nope. Things are about where they need to be for the amount of money the Fed is pumping into the system. Liquidity was negative for a little bit at the beginning of 2021, but we're back in highly positive territory. It's a weird market to be sure, but price is relative to the economic environment.
  • 2fardownthread: Whether one "believes" in a company has nothing to do with anything. It is something that older people know and younger people will not understand until the market teaches them.

    I find a sanguine contentment about valuation to be a humorous take myself, considering that many/most investors have not and do not pay attention to such things anymore. Nobody reads a prospectus, even if offered, which they are not. And balance sheets? Forget it. And if a person does not understand a balance sheet, they won't know how to calculate cash flow. Unable to do the actual math, will they be cautious?

    No, they will rely on a made up thing called a PEG ratio, derived from a PE ratio, which is derived from REPORTED and taxable earnings, which we know are treated as a necessary evil by companies anyway. High when they want to goose the stock. Low when they need to pay their taxes, or run out of tax holidays.

    Nope. It is all funny money, and even people who THINK they can look at a number and see "valuation" are just looking for a justification to throw money at the bonfire. Sentiment, not valuation, has been driving this market for a long time. It is foolish to pretend it is something else.

    So investors revert to "believing" in a company because, in their experience, "belief" is what creates value and high stock prices. Game Stop. AMC. Where were the fundamentals there? Hertz?

    Don't stop believing. Hold on to that feeling. Ignore that little man behind the curtain.


    You're an idiot.
  • By the way, if you keep track of a company's fundamentals and buy at the correct price, you're relatively immune to these dips. I hit an ATH in my portfolio 5 times in the last two weeks, including yesterday heading into the long weekend.

    There are hundreds of thousands of companies being traded every day. If you just look at the ones they talk about on CNBC or whatever, you get an unrealistic picture of what's going on.
  • 2fardownthread: Game Stop. AMC. Where were the fundamentals there? Hertz?


    Snipe and run away. What a coward
  •  
    i was expecting this, market gains have been ridiculous.

    I
  • No one needs to worry about stock prices.

    Our government keeps throwing money at corporations for "Stock buy-backs" to artificially raise the price of that stock. Ex. 1 - The BIF

    Add in the fact that even though the working class fund the above actions because the wealthy pay no taxes, the government and Wall Street have colluded into making Wall Street our de facto retirement account.  With 401Ks we are not only getting ripped off with multiple fees but we are pumping up stocks with every paycheck with no ability to exit until you retire or lose a lot with a penalty.
    That leaves the wealthy to use your money as a piggy bank. They can cash out when ever they want because they control the game and you can only pay your fees and let them collect your cash.

    Our Politicians will make sure Wall Street is always in a bubble. Biden just rehired Trump's guy because he believes in the pump and doesn't want the bubble to pop during his administration.
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