YIKES, my stocks are down 30% from the highs in Nov 2024

[MatureDJ]

 

[BackInTheGame78]

Wait til the market bottoms and buy more.

Looking at the 3600-3700 level as the potential bottom for the S&P if things get bad or worst case scenario around 3100(about a 50% drop from ATH)

Previously thought around 4200-4300 but honestly that might not even be low enough, we are only 800-900 away from that right now and that would be the first target for any sort of recession.

If that doesn't hold it could get really ugly.

Strangely enough from a technical standpoint even tho we have dropped 18% from the ATH already, we are still bullish as we have not broke structure.

 

[Scaramouche]

Hi MDJ,
Don't sell,like the tide they will come back!

 

[Bible_Belt]

It's OVER for WallStreetCels.

 

[SW15]

I think the stock market is going to drop even further.

White collar work has been in a recession since 2023.

 

[MatureDJ]

You onwing stocks??? The money that you get from the government welfare is not yours, its actually ours to spend.

What the h3ll are you talking about? I've always had a substantial IRA.

 

[BackInTheGame78]

I think the stock market is going to drop even further.

White collar work has been in a recession since 2023.

We haven't even hit bear market territory yet.

 

[Redwood]

Supposedly this downward trend is going to be like this for a minute. I'm skeptical of the "buy the dip" crowd...

 

[BackInTheGame78]

Supposedly this downward trend is going to be like this for a minute. I'm skeptical of the "buy the dip" crowd...

This is not the right dip to buy.

 

[Redwood]

This is not the right dip to buy.

I tend to agree...

 

[Clockwerk50]

 

[Divorced w 3]

Just in case you were wondering how over levered the market and also the companies individually are, now you’re starting to get the idea.

The administration, specifically Scott Bessent, are well aware of what they’re doing. It’s just as much to get rates down to restructure the debt as it is to reignite internal manufacturing. He said yesterday ‘as a student and a professor of economics, it’s always the side with the trade surplus that loses in a trade war’. That’s a direct shot at China, and other Asian manufacturers like Vietnam. They’re pumping fear hard. It’s intentional.

They are not bluffing. They are totally convicted in what they are doing and they are not going to stop until they get what they want, or get thrown out of office.

 

[BackInTheGame78]

This is the long game. Quick gratification is for children.

Depends what you are doing. If you are a swing trader or daytrader, it very much is relevant on a day to day basis.

 

[characternote]

crushed it on friday. Just wish i'd held that first short in the red circle!!!! pre market!!

 

[Clockwerk50]

This is the long game. Quick gratification is for children.

People are upset at the cost of living. People feel like if all of "the good jobs" come back, they can get a one way ticket into prosperity from just working a factory job, "like how things used to be".

It's as simple as that. People feel left behind, and they want an easy way out. The past looks prettier than it actually was, so people think the solution is to revert back to the past.

 

[BackInTheGame78]

People are upset at the cost of living. People feel like if all of "the good jobs" come back, they can get a one way ticket into prosperity from just working a factory job, "like how things used to be".

It's as simple as that. People feel left behind, and they want an easy way out. The past looks prettier than it actually was, so people think the solution is to revert back to the past.

People are sitting around hoping someone bails them out for a lifetime of poor decisions when they fail to realize the one person who can bail them out 100x more than anyone else is staring back at them in the mirror daily.

Thinking any president is going to come into office and suddenly your life is going to be sunshine and rainbows when you haven't done anything yourself towards making it that way is asinine.

 

[Clockwerk50]

Just in case you were wondering how over levered the market and also the companies individually are, now you’re starting to get the idea.

The administration, specifically Scott Bessent, are well aware of what they’re doing. It’s just as much to get rates down to restructure the debt as it is to reignite internal manufacturing. He said yesterday ‘as a student and a professor of economics, it’s always the side with the trade surplus that loses in a trade war’. That’s a direct shot at China, and other Asian manufacturers like Vietnam. They’re pumping fear hard. It’s intentional.

They are not bluffing. They are totally convicted in what they are doing and they are not going to stop until they get what they want, or get thrown out of office.

I don’t think many people in this forum have PhDs in economics or consider themselves experts in this area (myself included), but from everything I’ve read, the general consensus seems to be that these kinds of protectionist tariffs are outdated and ultimately harmful to the economy.

 

[Scaramouche]

Someone explain to me why "Tariffs are outdated and ultimately harmful to the economy." Yet OK for the Worlds most dynamic economies.

 

[Clockwerk50]

Someone explain to me why "Tariffs are outdated and ultimately harmful to the economy." Yet OK for the Worlds most dynamic economies.

You might need to elaborate more in order to get a proper answer…

 

[Divorced w 3]

You might need to elaborate more in order to get a proper answer…

He’s quoting you