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Discussion in 'Stock Market Today' started by T0rm3nted, Feb 8, 2021.
a lot of people thought about putting everything into DOGE.
Looks like a small gap down to start the week in about 45 minutes. Gonna be a dip and rip or a dip and more dip?
Gap n trap?
SPX down even below 4000 is still well within this insane uptrend
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.
The market is overreacting here, this will bounce back
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
Market bounces back as 99% of the population realizes that they do not earn over $1M for the year and dont have to worry about the higher tax
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