Y'all watching the stock market, though?

[mamba]

It’s going to get ugly for a lot of people.

 

[KOohbt]

(This is just my opinion)

Some simple technical analysis of the S&P500:



There's a support zone around the bottom of the bollinger bands and the trendline beginning at March 09.

If it bounces off there ($2300-2350), it can recover somewhat. But because there are double engulfing bear candles for the last 4 months, buying is risky. If it breaks the floor below $2300 and closes below for at least 1 month candle, it indicates a larger crash to come.

I personally wouldn't buy anything until at least February / March, to see if the floor holds. If it stays above that floor, it's a decent sign. If not, it's likely to go lower.

If it bottoms out anywhere above the $1900s, it will rise again. Potential RSI divergence for those who can read it.

Depends on what the fed does and what this current administration does. More quantitative easing?

 

[Strapped]

Get out

 

[Apex Mentality]

Depends on what the fed does and what this current administration does. More quantitative easing?

They just raised the interest rate so they're unlikely to do it in the short term, but if there's a repeat of 2008 it may happen in the future.

 

[Thanos]

we'll be fine

the market ALWAYS rights itself

Itself? Tell me more about this market and these invisible hands.

 

[Mowgli]

high kkey took investments out after that first fukking dip a little while back

 

[Sbp]

This was my first year investing, and I literally started with 100, and kept buying. I was doing good in the beginning of the year, then summer my stocks started to platou. By the end of October, my stocks was loosing money, so I took my money out and used it for vacation instead

What stocks breh

 

[TRY GOD]

What stocks breh

Morgan Stanley
Ford
Bank of America
Banko santander
A bunch of REITS

 

[Sbp]

Can't wait for all these gentrifiers that are living above their means to go bankrupt along their parents that co-signed their shyt

After factoring in property taxes, lots of these idiots are stuck with 30 year $6k+ a month mortgages just to live in <1000sq ft houses

That'll be poetic justice for me breh

 

[Stir Fry]

That'll be poetic justice for me breh

It'd be even better if the banks got busted again for still pushing sub-prime loan conditions on all these vastly overpriced houses

 

[Rigby.]

well by that logic, the 10 years after the Great Depression was just a correction

I only feel inclined to speak on this just because I had to gruel through it in microeconomics, but the problem with this train of thought is that they kept implementing further tariffs and never reversed the OG abomination that caused the mass selling (smoot-hawley tariff)

They essentially didn’t allow the market to correct itself

 

[chineebai]

I'm down a little bit so far in December for stocks. Got positions in about 20 stocks but I think it's going to go down more, rsi lowest since 2008. There will be a relief rally here and there. Best thing to do is to invest in companies for the long run. I been just scalping certain stocks for quick profits like $50 here and there, not any real risk since I have tight stops.

 

[⠀X ⠀]

Im thinking I should have kept my job... just last week one of my income streams has been put on And now this

I really gotta start grinding now

 

[Wild self]

This is what's really pushing the markets down and expect the Fed to keep raising it.

The trade wars don't help.

< 20000 Dow mid january.....

Welp

At least I understand the economy a lot better than 1 years ago.

 

[Icantspell]

They just raised the interest rate so they're unlikely to do it in the short term, but if there's a repeat of 2008 it may happen in the future.

2 more raises coming in 2019