Why are the financial markets getting destroyed?

[jjgold]

Tremendous day and strength

 

[KingKolzig]

Bitcoin back a bit

 

[djefferis]

So what have we learned - down 1100 up 300

BTC down nearly 8 - up 6.

Again - credit to JJ - NEVER try to time a market. One small act in some 3rd world shit hole sends everything haywire.

Bottom line - expect more downs than ups through October - but never bet completely against investor stupidity. Between more $$ being printed daily and fear of missing out - the inflow of cash has to go SOMEWHERE. Everyone hears about AI this and how companies like Nvidea are dominating - their gone start buying and as long as it goes up they are going to keep buying.

It’s like fading the White Sox - people bet into streaks - to the point they are laying better than 2-1 against even though they are betting on a team that is probably 3rd or 4th worst in MLB.

Buy energy - buy Sbux - buy things that many people will need/want tomorrow that also pay a dividend. Meds/Industrials conglomerates/reasonably priced consumer goods - and hold back 15% for both emergencies and unprecedented drops. I’ve flipped more shares of Sbux than I can recall - everytime it breaks below 80 I start watching and nibbling - above 85 I start selling. At 75 it’s not a bargain - but the downside is less and chance at 80 isn’t unreasonable. Same with XLE - I’d like to see sub 85 - but 90 is probably closer than 85 right now so buy a little and sell as it creeps back across and then buy a little more next time it hits 85. If you make 5% every trade and buy back in 5% more each time - if your able to repeat once a quarter you’ve gained almost 20% and you make a nice dividend along the way.

 

[jjgold]

Nobody in the world can predict daily market movements. It’s impossible.

A lot of weakness at the end and now the futures open weak

 

[mralar16]

Someone on X posted this:

'retail' (weak individual investors) sold 1bln in bitcoin in the last week
'institutions' (deep pockets, wall street types) BOUGHT 14 bln in bitcoin last week

 

[jjgold]

The insiders are the ones always making the money

 

[flyingillini]

The insiders are the ones always making the money

It is all manipulation

 

[RRsilver]

It is all manipulation

Sounds about right.

 

[jjgold]

I wish I learned long-term investing is the way to wealth, not gambling daily or weekly