What are folks buying today, if anything?
I am thinking of buying a 1957 Cadillac convertible. Hard asset, irreplaceable
I’m not sure where it’ll start, but I think at some point it’ll be a WW event. Investors will realize most bond debt is garbage. Yields will rise and that ripple effect will be catastrophic. Which ever governments have the least amount of short-term debt and most long-term debt will weather the storm the best. High rates have the most impact when debt matures and needs to be refinanced, since governments aren’t paying off debt when it matures.
Just look at the current model of running deficits during growth cycles then running HUGE deficits during economics downturns. People claim it’s fine and Keynesian. Anyone claiming that never read his work. The government is supposed to SAVE surpluses from the growth cycles to spend during the downturns to stimulate back to growth. They are literally only reading the second part and ignoring the first. We’ve gotten away with it, since interest rates have been in secular decline since the 70’s. Now we are at/near zero.
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I went mostly cash Friday but just bought some FNGU (3x fang stocks). I think more downside ahead but most FANG stocks might be on its last support area. Maybe the market makers will save the day. I’ll cut short if the price action is weak tomorrow.
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It was needed and seems mostly technical (voodoo science) to me. I think more is needed and we’ll see even more next year. I’m still hoping this was a minor correction and we get the massive rip before the final meltdown. Timing seems to line up…maybe. 
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And what after the final meltdown 
Hah, I meant “final meltdown” as a reset for last 1 year of the bull market. Just like in any reset, it’s probably followed by another consolidation and rip. 
Every stocks drop. Ofc, inverse is up.
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Good timing that you were out before the fall. Anyway, those looking for some dose of fear, here is John Koser on what can happen next.
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AAL is was still up by 1.45%
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Did @manch try to prop the market? 5.3% decline and he tries to prop 
So no going into margin since it is not greater than 15%. I can wait.
S&P 4.1% below ATH, Nasdaq 4.5% below, and yet the F&G already flashes EXTREME FEAR at 21. I am not sure we will get a lot more downside from here.
ARKK is 27% below ATH. Growth names are still very depressed. Could be fuel for the Santa Claus rally.
AAPL 9.1% below. Teetering on correction.
AMZN 11% below. Already in correction.
MSFT and GOOG still holding strong.
What is the deal? I FOMOed 100 shares. Need to sell shares of another ticker. Hope I don’t screw up.
I paid $50 dollar for a seven mile ride on sunday night around 10.30 pm from SJC. All of the sudden UBER and LYFT rides have become very expensive. I do not know what is cooking. A judge recently killed prop 22 that allows UBER to treat drivers as contractor. Certainly, UBER/LYFT rides are no longer cheaper.
Well, I think this was always in the plan for both companies. I think Uber was hoping they can control the market even more so they have more flexibility in the pricing. Either way, just like airbnb and others, they can dynamically balance the pricing/demand/profit/market-share/etc without blinking twice.
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