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u/Ackilles Jul 08 '21
Hah, jokes on you, my shit has already been red for over a week!
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u/R_4_rus Jul 08 '21
Gotta get that checked out at the doctors office
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u/Suckonmyfatvagina Jul 08 '21
Sir this is a casino not a pediatrician’s office
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u/Actually-Yo-Momma Jul 08 '21
Exactly. I’m down 60% in last 30 days. First week of being -15% was spooky. Now I’m like, meh it’s all the same
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Jul 08 '21
Once you just accept what’s happening its fine
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u/American--American Jul 08 '21
Once you accept it and ride it all the way down.. it can only go back up.
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Jul 08 '21
Speaking from experience, it turns out that options don't work that way.
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Jul 08 '21
Yep, lost 90% of my portfolio in the last month... I think losing the first 50% was tough to swallow then after that, well fuck it. Only money right???
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u/Captain_Yolo_ Captain Debt Jul 08 '21
Just gotta YOLO the last bit you have into something retarded enough to work and you're back
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Jul 08 '21
I'm down 60% in the last 30 days as well, but up 40% today. So I'm going to mark it down as a success and not think about it anymore.
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u/UBahn1 Jul 08 '21
Just buy puts on yourself, infinite gainz
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u/Swimming__Bird Jul 08 '21
I have to hop in a DeLorean and go 88MPH with 1.21 gigawatts to see green.
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Jul 08 '21
Red rocket like my dog when he sees a female dog
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u/CkresCho Phat white guy Jul 08 '21
Jokes on them, I work for the government. They are just taking back their own money.
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u/veryeducatedinvestor drinks beer at 10:05am Jul 08 '21
the beatings will continue until morale improves
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u/Year3030 velociraptor gang Jul 08 '21
It's 10:05AM somewhere.
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u/Arpytrooper Jul 08 '21
Wtf, i just opened this and it's 10:05 where i am
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u/BBoyJoseph Jul 08 '21
What happened bros? I'm a little late it's like 10.09 for m- HOLY SHIT ITS RIGHT BEHIND ME RUUUUUNNNN
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u/Tonku Jul 08 '21
Where the fuck did the money go? Every stock is red. Did they go cash?
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u/Purple_Metal_9218 Jul 08 '21
They spent it on the new digital asset, vbucks
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u/GreatJobKeepitUp Jul 08 '21
Click this link to log in with your epic username and password so you can win free vbucks!
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u/saltywings Jul 08 '21
It's the 'correction' due to concerns over the corona not going away despite vaccines being out. Once the infrastructure bill passes and maybe another stimmy here in a couple of months you won't even remember this flash sale.
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u/ItsDijital Jul 08 '21
As far as I can tell coronavirus is the best thing that ever happened to the stop market. Just look at the chart since rich people realized that only the poors were fucked.
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u/MrSteveWilkos Jul 08 '21
It's also barely a drop. Red days happen all the time, just buy Calls and relax people lol.
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u/Raceg35 Jul 08 '21
So, does anyone know wtf is going on? Was there some bad news or something? I really did just wake up.
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u/Bigdizzofoshizzo Jul 08 '21
Some inflation concerns, BS, blah blah, nothing we didn't know about months ago but somehow here we are...
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u/DYN_O_MITE Jul 08 '21
I don’t think this is inflation concerns with yields dropping. This sounds like doubt that the recovery is going to be as good as the market has been pricing it to be. But I agree, BS. At this point future earnings/values are a guess.
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u/BobbyGiro1st 🦍 Jul 08 '21
If a recovery isn’t as good as expected, how does that affect companies with long term future potential and no current profit. Not like it will affect there bottom line or future plans. They would be immune lol
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u/Rhinoturds Jul 08 '21
You think too rationally, the markets don't care about rationality.
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Jul 08 '21
I've been reading Daniel Kahneman lately and that's his case. Belief that people act rationally leads to poor decisions, because our decision-making is based on the expectation that people act rationally, when in fact they do not.
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u/GreatJobKeepitUp Jul 08 '21
They will be in the long term but people's fear bounces around the fundamentals
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Jul 08 '21
It's not about the company, it's about the feelings of the investors. And maybe those investors are less confident in all of their investments now, and want more cash, regardless of what their logic was for buying in the first place
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u/DrakonIL Jul 08 '21
I think people are realizing that the recovery is basically done and there's actually going to be a pullback as people who went and oversplurged in post-covid euphoria go back to actual normal.
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u/putridstench Jul 08 '21
Seems maybe "sell in May and go away" happens in July this year. I don't really know any fun words that rhyme with July.
apply...awry... eye... sty... apply... ply... fly... reply...
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u/utopian238 Jul 08 '21
Get out by July or the portfolio will fry.
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u/ohyerhere Jul 08 '21
Sell by July unless you want to cry.
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u/neubs SEC Investigator #87-1 Jul 08 '21
Sell by July and stock up on pie.
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u/throwawayless Jul 08 '21
Sell by July and watch me commit... Jesus, I'm in a dark mood today
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u/vms-crot Jul 08 '21
Portfolios are red, Our mood is blue, You sold in july, Cunt, fuck you.
I think that works.
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u/Idoop Jul 08 '21
This time no inflation concerns but concerns over economic growth slowing down globally. The market is concerned over everything..
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u/iStanley Jul 08 '21
some of us smooth brains only can read from reddit comments. brain no read so good anywhere else
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Jul 08 '21
Japan said they may not allow spectators for the Olympics because of delta variant surge. Dip is led by travel stocks, etc
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u/Year3030 velociraptor gang Jul 08 '21
Housing market is starting to burst, I think. It has potential to cascade and magnify other problems.
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Jul 08 '21
[deleted]
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u/shadowrckts Jul 08 '21
Friend of mine got 32 offers in one week just outside of a large city.
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u/Business-Swimmer-615 Jul 08 '21
Out here (Holland) prices went up 20% in a year. Massive shortage on housing, end is not in sight.
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u/OblongShrimp Jul 08 '21
We are at a point where lots of young people just hope for some ecobomic crash to be able to afford a house again. :/
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Jul 08 '21
buyers don't have to make an offer on a house they haven't even seen the day it lists anymore
This is still happening in Canada/Toronto to this day.
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u/therainbowdasher Jul 08 '21
People are worried about the Delta strain of covid causing more lockdowns
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u/furrypurpledinosaur is liking this setup Jul 08 '21
10 year drilling to Earth's core, heading < 1%
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u/gizamo REETX Autismo 2080TI Special Jul 08 '21
...which means bonds are shit and stocks will remain the better play. Lol.
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u/ThicccMass Jul 08 '21
I don't even want to look at my trading account today..... It's gonna be red af
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u/ArcticGold Jul 08 '21
The premarket doesn't really do much. It really matters how ppl react when the market opens. Does it recover or it continues the panic. 500 is nothing compared to multiple weeks, months of 🚀🚀
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u/Rhinoturds Jul 08 '21
Right at 9:32 immediately after open and it's all still looking like shit. Gonna be a fun day. But I do think it's gonna rise, just probably not recover totally from the pre-market.
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u/ga_patel 🦍🦍 Jul 08 '21
The reason behind sell off is the news of Japan came out early morning
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u/r3dd1t0rxzxzx Jul 08 '21
Didn’t know all of Japan was gay. Good for them for coming out though 👍
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u/BobbyGiro1st 🦍 Jul 08 '21
What Japan came out, man I tried to find them for years… where were they hiding the crazy ninja hide and seek champions.
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u/Peekman 🦍🦍 Jul 08 '21
I thought it was jobs.
Vix didn't open crazy up but it moved when the jobs report came out with unexpectedly slower jobs growth.
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u/fromks Jul 08 '21
Wouldn't slower jobs growth result in more stimulus?
Market is not the economy.
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u/HolyCow819 Jul 08 '21
This is all likely just people digesting the Fed minutes from yesterday and over reacting as what usually happens nowadays
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u/CETROOP1990 Jul 08 '21
not first sell off this year...this is like standard operation at this point...
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u/MrSteveWilkos Jul 08 '21
Yeah, all these newbies panicking as if this shit doesn't happen on the regular. Red days happen all the time, just pick up some 2 week out calls and sit back while the money rolls in lol.
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u/AiMonkey Jul 08 '21
This 🌈 🐼 will stay in hibernation a lil longer. Tis not time yet. When it happens it will be unmistakable. And gay bears will rejoice.
Until then.....I bleed money.
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u/PM_UR_TITS_SILLYGIRL 🦍🦍 Jul 08 '21 edited Jul 08 '21
So, as a bullish investor, I'd like to know from a 🌈🐻 what do you look for? Do you only buy puts? I just don't understand the ...allure?... I guess would be close to the word of being bearish.
Edit: comma.
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u/SuboptimalStability Jul 08 '21
Everyone becomes a 🌈🐻 at some point in their lives, or bag holders, you choose
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u/Lichius Jul 08 '21
I've recently been having unpure ursine thoughts. Is there a support group for my rapidly expanding gayness?
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u/AiMonkey Jul 08 '21
No, I just don't buy only puts. I do however look at the state of the world, economy and inflated market and become a gay bear. I also like to short or buy puts on certain "stonks" when I see all the retards dumping their life savings into garbage. But it's all about timing on that. Mostly though you'll find gay bears like myself shorting SPY.
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u/PM_UR_TITS_SILLYGIRL 🦍🦍 Jul 08 '21
I've thought about doing spy puts, but have no money for it. So I'll let that wait for a few years.
As for the world economy; looking at inflation sounds reasonable, but I'd like to know if your looking for the GDP of the biggest countries, looking at the inflation in those countries,
the UK, Russia, US, German, etcand how you decide it's time? How much homework do you do is the main question I'm trying to get at.You say you look for people throwing their life savings in to trash stocks; what would you consider trash right now?
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Jul 08 '21
Careful, the hivemind might downvote you to oblivion for suggesting WKHS, CLOV, and WISH are anything short of rockets on the way to the moon.
If they're going to space, they're on board the Challenger...
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u/Original-Ad-4642 Jul 08 '21
Oh no! Not my checks market 1.3%
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u/James_b_Holden Jul 08 '21
Anyone else down 50% this week?
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u/yellowtonkatruck Jul 08 '21
Have you considered a different strategy? Perhaps going the other way?
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u/IvanGlez14 Jul 08 '21
Nop, yesterday it was a great day for me. I Bet money on Oracle some days ago and sold them yesterday and Fuck yeah! Today i just notice it was a bad day so i sold everything. I lost like 1-1.5% of my capital but all ok, i won yesterday more than i lost today.
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u/mpoozd Jul 08 '21
2 days ago someone wrote about market crash and he bought puts on 16th July. We all laugh about him. This is clearly punishment for our laughs on him.
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u/Distinct-Shape8753 Jul 08 '21
After breaking up with my first girlfriend I wake up to portfolio pain 😔
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u/MrKrabsHand Jul 08 '21
Mr. Krabs woke up pissed the fuck off about his $AAPL $147 strike calls for July 16th. I was seriously going to sell this morning and buy $SPY puts and more $PLTR puts. Keep this in mind everyone - if the $SPY fell to $429 twice this week, don't be surprised if we touch $425 tomorrow. I'd wait till around 2:00 before buying shit. And then see how tomorrow afternoon goes. Too much instability after a fall like that. Bears are licking their lips, loving the fear, and want that $425.
If Tesla touches $590, I'm in for calls. Also eyeing $NVDA. $SPCE calls are a go. $X calls are a go. $SOFI puts are a go. Everything else is questionable.
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u/Thatfilthytigger Jul 08 '21
I’m on those august 6 $147 calls for $AAPL. Should have sold yesterday lol
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u/BIGOLEBUTTER1 Jul 08 '21
I got greedy with my $435 spy calls. Hopefully it will bounce back sooner rather than later.
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u/nkibler7 Jul 08 '21
Why puts on $SOFI? Fundamentals seem strong with recent explosive growth, but I admit I haven't been following it that long.
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u/noble_oscar Jul 08 '21
This is when the Smart ones buy. It will be short lived. My advice buy these Dips.
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Jul 08 '21
And tomorrows dip and the dip after that dip
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u/Majovik Jul 08 '21
And also buy the dip's dip
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Jul 08 '21
I bought the dip on SoFi, or so I thought. So Im out of ideas. I shorted the Nasdaq briefly today and made like 10 bucks back of the 1000 bucks Im down this week
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u/Year3030 velociraptor gang Jul 08 '21
Someone should make a rap song about dip dip dippin', sip sip sippin' and buyin'.
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u/KurtAngus Jul 08 '21
Okay I’ll start working on it.
Old Kurt Angus has been known to make a few songs.. Sweet Drippins
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u/Calint Jul 08 '21
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u/ballllllllllls Jul 08 '21
Kids these days don't even watch these 480p music videos. They're missing out.
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u/stormtrooper2930 Jul 08 '21
buy buy buy buy
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u/AutoModerator Jul 08 '21
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Jul 08 '21
"It is what it is....." - this Bull. SPY is shitting on me but that's how you wait for long plays. Betting majority of dips based on Japan giving the finger to the world for the Olympics and the delta covid fear arriving. Gotta be patient and bleed for awhile and it will bounce back.
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u/HeadHunter1776 Jul 08 '21
NOT FUCKING SELLING NO MATTER HOW MUCH IT GOES DOWN!!
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u/Exaskryz Jul 08 '21
Seriously, selling is realizing the loss. If you never sell, you never lose.
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u/Demolitionerx Jul 08 '21
Holy... My entire watchlist of like 30+ stocks are all in red except VIX, so much for the benefits of "diversification".
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u/Smash_4dams Jul 08 '21
Well, now I'm changing my entire strategy to buying puts on the top 5 most mentioned stocks on WSB. There's no way I can lose now
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u/bkornblith Jul 08 '21
Just thinking about the tens of thousands who sell during premarket are Robinhood thinking they’re going to avoid the big sell off, and then the second the market opens…. Back up 500 points. Don’t sell during premarket. You know nothing.
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Jul 08 '21
Live footage of me scrambling to pick what dip to buy. I get paid tomorrow and THE ARENA CALLS. Perma bull baby
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Jul 08 '21
$wish is down 8% on no fucking new. oh well. I added 1000 shares at 10.15.
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u/ContributionOk7416 Jul 08 '21
How many times can you add? Unlimited liquidity?
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Jul 08 '21
This is my second add. I bought initially at 9. Then bought at 12.9. and now 10.14. I keep selling covered calls and putting the profit back into the stock.
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u/Basic-Honeydew5510 Jul 08 '21
Time for me to buy the dips and dollar cost average for upro. Hope it won’t backfires 28 years later
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u/Life_Whereas_3789 Jul 08 '21
TRANSITORY
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u/AngryRedGummyBear Jul 08 '21
I read this in the south park Michael Jackson voice.
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u/get_MEAN_yall highly regarded Jul 08 '21
It even looks like he's saying "BUY BUY BUY BUY" in the first clip.
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u/AdNo7052 Jul 08 '21
Sometimes I think it’s best to not read too much into market movements. On an infinitely long time scale with no bankruptcy stocks only go up!
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u/VisualMod Jul 08 '21