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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.

  1. Rustic1

    Rustic1 Well-Known Member

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    OOPSY. Looks like the buy the dippers got fooled.
    Today was a wild ride.
    I see it getting worse before it gets better, just my opinion in the matter.
    Bad situation at the border among many other snafus.
    Going to take TRILLIONS more to get us out of this mess. Harry Dent might be right this time. :lauging:

    I'm still mostly cash waiting on the crash. :D
     
  2. Rustic1

    Rustic1 Well-Known Member

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    Yields are creeping up again. VIX is slightly above the 20 mark.
    Unemployment numbers are going to be in focus and we have another auction today.

    Futures are mostly flat.


    Let the chips fall as they may.
     
  3. T0rm3nted

    T0rm3nted Moderator
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  4. StockJock-e

    StockJock-e Brew Master
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    1 wk map,

    TSLA being one of the more overinflated stocks in a while has been giving some back all week long
    [​IMG]
     
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  5. Rustic1

    Rustic1 Well-Known Member

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    Important to note what the smarter ones are rolling over into.:cool2:
     
  6. StockJock-e

    StockJock-e Brew Master
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    Feels like its been ages since we say any kind of sector rotation into anything other than TSLA.
     
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  7. Rustic1

    Rustic1 Well-Known Member

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    We have a mess on our hands. The border crisis, now the SUEZ CANAL jam, the TRILLIONS that still need to be printed to help jump start the economy.
    Free money is drying up for the big banks, obviously they are taking profits. The list is endless, new tax structure, China,Russia and North Korea are testing the new administration.
    I'm not political, actually a independent that could care less about the red/ blue crap but we have NEVER been at these levels before.
    Contrary to popular belief the FED doesn't control rates or inflation, they can only attempt and they are running out of tools.
    :cool2:
     
  8. StockJock-e

    StockJock-e Brew Master
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  9. Rustic1

    Rustic1 Well-Known Member

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    Dow 500,000 it is. :D
     
  10. Rustic1

    Rustic1 Well-Known Member

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    PRESIDENT BIDEN live speech, check it out.:booyah:
     
  11. Rustic1

    Rustic1 Well-Known Member

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    BOOM power hour. Love the choppy waters. Reminds me of the old days. :cool2:
     
  12. StockJock-e

    StockJock-e Brew Master
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    Anything interesting?
     
  13. Rustic1

    Rustic1 Well-Known Member

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    He is a trip going up steps :rofl: I'm just glad he can still talk. Was beginning to wonder. Market recovered for the day, have to wait and see if it was a suckers rally. :cool2:

    On a side note, the huge canal jam is going to put a short term strain on things. BILLIONS in cargo shut down or forced to take the long route.
     
    #393 Rustic1, Mar 25, 2021
    Last edited: Mar 25, 2021
  14. Rustic1

    Rustic1 Well-Known Member

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    Yield is creeping up again.
    VIX is below 20 again
    Futures are somewhat flat.

    Yesterday afternoon we witnessed a strong recovery from a bloody start.

    Suckers rally or a sign of better times.

    You be the judge, let the chips fall as they may.
     
  15. T0rm3nted

    T0rm3nted Moderator
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  16. T0rm3nted

    T0rm3nted Moderator
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    Depends on your timeframe. We're like 2% off ATH's or something...
     
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  17. Rustic1

    Rustic1 Well-Known Member

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    From yesterday's close.

    I should have clarified. :cool2:
     
  18. T0rm3nted

    T0rm3nted Moderator
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    No worries, I'll just follow the trend and be neutral on the market as a whole, but lean bearish on tech
     
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  19. Rustic1

    Rustic1 Well-Known Member

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    Short term I remain on the bearish side, nothing I see gets me excited just yet. NASDAQ has a few targets in my sight. The value investor side of me points to being more patient. :cool2:


    Noticed a lot of profits being taken lately and the buy the dippers are having a blast. I prefer to be patient and observe the past.:D
     
  20. StockJock-e

    StockJock-e Brew Master
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    TSLA being the sore spot!

    [​IMG]
     
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