Millennial cash flow position in the current stock market condition. More than half probably BTFD already. I’ll probably short again if things pop tomorrow. 
I’m only shorting with < 10% of total asset. Otherwise, mostly cash or cyclicals.
It is ironic on a real estate forum that you all are focusing on the stock market. Meanwhile you are missing out on the hottest RE market in 45 years. Get your heads out of the sand. The best part is Wu is down $5m and I’m up $5m. This a RE forum. Focus
Haha, planning to sell one of the rentals in summer…I hope the stock market doesn’t crash. 
I don’t want the stock market to crash. But it is. Meanwhile everyone is buying in Tahoe . Multi offers 30% over asking. All cash buyers that sold their Tesla and Bitcoins. Remember stocks ride the escalator up and the elevator down. Unfortunately some one cut the cable. This elevator is careening out of control. Remember 1987. Worst crash in history. Followed by one of the biggest RE booms in history
Everybody uses the same EW count? Or everybody is hurting so much that they grab whatever story that help alleviate their pain? After looking at the daily chart, those guys are using basic support and resistance lines, so likely to break below 298 
so long is above 296.92, is ok.
Well, to be fair, the market was up for the year in 1987. Buy and hold worked even with a violent, 30% correction in a single week.
But real estate is going nuts where I am too. The best thing is that dilapidated shacks are getting rehabbed. Contractors are slammed. Things are even heating up in the desert (pardon the pun) and I NEVER bought that property with appreciation in mind.
Seems more folks are RVing too. In addition to the usual low ball unsolicited offers for my property I just got an unsolicited offer for an RV I don’t own.
Yes, RE market is crazier than past cycles, looks like permanent WFH or WFH flexibly in future made it bull run. In addition, lot of new IPO millionaires are bidding war in prime areas, not letting down.
Good for Real estate investors…holders…It is not going down until stock market goes down. Current stock correction will not harm real estate unless we see 20%-30% down.
Almost 15 of my friends are trying to get a home, none so far got a home, mostly Pleasanton, Dublin, Livermore and mountain area seekers.
Meanwhile Cathie is looking like a little bitch and GME is back to 150. Never underestimate the irrationalness of the stock market.
The stock market goes down fast RE takes years for the prices to fall
S&P is not even 5% down from all time high and people are already panicking as if the sky is falling? Please.
Volatility is the price one must pay. No shortcut.
What are folks buying other than TQQQ of course?
I’ve been buying PERI and PINS
Questions are worth Millions of $s for individual investors.
For institutional investors they’re worth billions.
Well Wu made 20m before “losing” 5 or 8. TSLA once traded as low as 70 last year.
TQQQ and TSLA, buying again and again…
This is my guess work, unlike Master WU says, market may not go deep on Monday or Tuesday and it is supposed to me today (my guess).
Since 1987, market is down whenever key fiscal bill in discussion.
If senate, with all amendment, approves 1.9 Trillion bill on Saturday, IMO, Monday market turns up side and never stops.
If they do not approve, we go to 1987 style 20% down on Monday. Think which will happen practically.
No news/media gives such a clear picture to retail investors, but always talks some nonsense with treasury bills, bonds…etc, they do not straight away provide any clue why market is repeatedly tanking until today !!
The market is hanging on 1.9 T bill. Last time when FED approve 3 T unlimited funding, it turned suddenly upside from 30% drop. This time also, it is exactly likely…
IMO, people must individually think w/o bias by media/news.
BTW: This is for discussion purpose, not a stock, nor an investment advice…
S&P cannot go down much as energy and related stocks will hold up for while.
He didn’t make squat. You guys measure people by paper profits.
I measure people by achievements not assets.
If he sold at $900 he would be a genius and $8m richer. A lifetime in wages and more. He is swinging for the fences. Bound to strike out a few times. Most of us don’t have tolerance for those kind of loses. His goal of $100m in stocks seems facetious at best.
Stimulus priced in and I think that’s causing inflation fear imo. Maybe a small pop but I’ll keep shorting every pop like today and take profit as I go. Master Wu target seems like a good initial target but may go lower if panic sets in. Fed is in hotel California…trapped. Almost all cash loaded up to go long though but not now for me.
This is purely discussion purpose (nothing wrong in your statement)
Highlighted, IMHO, definitely not. This is what news/media nicely write a story to make fool of retail users…If such fear is persistence, market is supposed to go down and down next week.
Once bill is approved, market turns upside next week and go to crazy (when it goes crazy where is the inflation fear which was made up now? )
Master WU is Panda bear, he is good in predicting the fall, but he will also continue to think worst situation further and further when market is too deep.
As market goes to 4th day of correction, exactly matching one day before bill approval, next week we will see market forgetting everything and jumps crazily…
Stimulus priced in ==> Market knows (banks/funds) this, but with good news they bring down and when no one expects they bring up. Whatever company exceeded results, revenue, profit margin, they brought down with heavy hand…It is not priced in, but fooling and scaring retail investors
Let us wait and watch.
BTW: This is for discussion purpose, not a stock, nor an investment advice…
