A lot of the SAAS stocks have made a comeback - not sure how much of the gains will hold though.
Have not seen this covered in mainstream news. There is a recent change in how Fed calculates banks’ reserve ratio (Google "SLR’). There is potentially trillions of additional liquidity flooding the market. The new rule went into effect in April.
From ChatGPT:
| Scenario | “Liquidity unleashed” interpretation |
|---|---|
| Conservative / near-term | $100B–$300B of incremental Treasury/repo intermediation capacity |
| Reasonable medium case | $300B–$700B of additional balance-sheet willingness over time |
| Aggressive upper bound | $1T+, possibly up to ~$3T in theoretical capacity, but only if other constraints are non-binding |
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My Nucor position, acquired during the Covid low, is now crazy at a half mil for a single stock and I’m mostly an index investor. Thinking of selling some but don’t know where to put the proceeds and of course all but 15% of the sale price will be capital gains.
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Bloodbath.
AAPL and COST are the rare green.
Is Tom Lee’s prediction that the market will decline from June to September coming true?
what a day!
a lot of the SAAS stocks held up ; semis got smashed.
Also think people are selling semis to buy SPCX next week
There are rumors institutions are selling (rotating) to SPCX.
On any case, today close is best to buy SOXL, TQQQ and spy calls ! We will see good jump Monday. If panic selling happens monday (which is likely), it is additional opportunity to buy Monday morning !
After Monday, I do not know how the market moves!
The impending huge IPO from SpaceX, OpenAI, and Anthropic, along with the cash raising efforts from Google and Meta, are significantly draining liquidity from the market.
I have a bad feeling about this.
The best outcome is that this liquidity is sucking out from “bottleneck” stocks and not those that are already sucked dry.
I want to say is Tom Lee. Then I realized I misunderstood him.
Tom Lee, “This is not the start of a broad-based correction, the correction will be later in this, that will feel like a bear market”.
The market is declining once again. Is Tom Lee’s prediction correct or incorrect?
June 9, I’m starting to add more shares at these levels 
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Resumption of bull market or technical rebound?
What’s surprising is oil back down well under $90. Seems like producers are findng ways to get at least some of it through. I caught the last part of a Reuters story (or maybe it was BBC) about tankers turning off their radar which apparently makes them harder to spot. Gas prices here are already dropping.
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Facebook would have been a good one but it would have been even better if one had waited a little bit.
I am skeptical, but Japanese Ichimoku informs bearish.Monday May be bullish, but not long term. I will keep neutral and stay away from market as usual.
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Oil sure is tumbling fast. Doesn’t seem justified by a shaky and somewhat nebulous truce. Quite the turnaround from predictions of $150 a barrel. Maybe it’s more that the Iranians never really had the logistics and firepower to shut down the Strait of Hormuz. It was mostly bluff. Lots of oil was still getting through even before the truce.