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renegade

renegade

Joined
Dec 10, 2022
Messages
566
Stocks are toast. Market still hasnt priced in depressed earnings. Consumer balance sheets are about to blow up. It takes about 6 months for all of these policies to kick in. Americans are not prepared for 7% mortgage rates. 20% credit cards and 9% auto loans
 

homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,320
I bought AI on Tue for shitts and gigggggles

37.50 went up to 43

i meant to sell half of my position at 1230 pm but a work call distracted me

it has gone downhill since

have a plan or do not daytrade LOL

luckily my position is quite small
 

KVB

KVB

Joined
Apr 11, 2023
Messages
14,554
huge moves up since your post.

I still share some of that negative sentiment go forward, Homie.

Seems consumers still had some cash leftover from COVID, that will end.

The good news is that many of those people are locked into fixed rate mortgages so the damage comingup will be mitigated.

A lot for debate there, to a degree, but I still see some negative things coming up. This market seems very frothy on so many levels.

Hope all is well @homie1975 glad we have this thread here too. I plan to contribute.

Hope you are well pal.

:drinks:
 

homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,320
I still share some of that negative sentiment go forward, Homie.

Seems consumers still had some cash leftover from COVID, that will end.

The good news is that many of those people are locked into fixed rate mortgages so the damage comingup will be mitigated.

A lot for debate there, to a degree, but I still see some negative things coming up. This market seems very frothy on so many levels.

Hope all is well @homie1975 glad we have this thread here too. I plan to contribute.

Hope you are well pal.

:drinks:

KVer MY DUDE !!!

Good Health to You and Yours !!!
 
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Reactions: KVB

JDS

JDS

Joined
Dec 11, 2021
Messages
48,025
My pops came into some money to invest & told him to jump on this money train with NDVA back on 5-8-23 when it was worth 289, yes he got in late but it has nearly doubled since then.
 

homie1975

homie1975

Joined
Oct 6, 2022
Messages
1,320
I still share some of that negative sentiment go forward, Homie.

Seems consumers still had some cash leftover from COVID, that will end.

The good news is that many of those people are locked into fixed rate mortgages so the damage comingup will be mitigated.

A lot for debate there, to a degree, but I still see some negative things coming up. This market seems very frothy on so many levels.

Hope all is well @homie1975 glad we have this thread here too. I plan to contribute.

Hope you are well pal.

:drinks:

i agree with much of what you are saying. i am more concerned about auto loans and credit card debt vs the mortgages.

but, i do not see anything systemically that gives me pause for concern so if the black swan is out there lurking i see no sign of her but then again i might need glasses for all i know.

this is why i always, always, always keep enough cash at the ready. cash IS a position too, but you already know this :)
 
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