Daily Discussion - Main Discussion thread

a lot of people thought about putting everything into DOGE.

 

SPY puts have been very generous the past 2 days, while the market has rejected the new high and trapped more new buyers "yet again" . Waiting on direction at open, possibly 3rd time in a row.

 

Those EV stocks rebounding today after getting beaten up really badly lately Let's see if they bounce for more than just one day

 

Seems like INTC and AMD got hit a little bit initially after NVDA announcing their new chip.

 

We've off to the races, and running backwards from the looks of things. In the red slightly. Should be an interesting day.

Updated: if this red holds and keeps growing we'll all be driven to drink.

 

Major indexes are down pretty big but I still see a lot of stocks green for the day As of now I don’t think it is that likely the Congress will pass this plan

 

I can't watch the video right now, but is that just about individual capital gains tax?

The big one for the stock market is the corporate tax rate hike imo, which a lot of analysts have been assuming will pass. However I think that one fails, which could get the growth stocks going again.

 

Here we are again. Feel bad for the new longs, sometimes patience is a virtue. I believe it was more than the speech about taxes. Many more situations to consider. Most of these companies are priced at stupidity levels. The funds are overleveraged and most of retail is full blown margin. The picture isn't as pretty as we are told to believe. Buffett's WBI has thrown a rod, if you still believe in such. At some point the funds are going to have to unwind. Retail will be left holding the bags. The house of cards is precariously stacked and one sucker punch could topple the house.

My 2 cents.

Or we keep setting new highs and companies like the Jersey sub company becomes worth billions.

 

Yep it is capital gains taxes for individuals making over 1 million

 

Most likely, I don't see this plan passing in the Senate with the Dems just having slight majority there

 

As long as the FED is in the picture I am not that bearish Of course I can be very wrong

 

I would say the market realizes the chance of the proposal passing into law is extremely low since the Dems only have a very slight majority in the Senate If it seems like it will have a decent chance of passing into law then we probably would see some very negative short term reaction