Stock Market is ROCKING

[nra4ever]

No worries we have a solution to solve all our financial problems

Debt ceiling solution: $1 trillion platinum coin could stop crisis

The US is rapidly hurtling toward a catastrophic debt ceiling default. A trillion-dollar coin the size of a quarter could stop it.

www.businessinsider.com

 

[asevans]

 

[Tombs]

 

[asevans]

 

[smokingman]

Should I be worried about the safety of my Schwab account? | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

US banking crisis: Close to 190 banks could collapse, according to study

The Fed's aggressive interest rate hikes have eroded the value of bank assets such as government bonds and mortgage-backed securities.

news.yahoo.com

 

[smokingman]

Futures Slide As Bank Selloff Returns With Pacwest Tumble | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

PacWest stock drops as it reports decline in deposits in early May

 

[Tombs]

Jim Cramer: An economic wave is about to hit that will be fantastic for investors

We can all sweat about a government shutdown, China and Taiwan and the presidential election. Me? I am just waiting for the real wave of deflation to hit us.

www.cnbc.com

I'd avoid making any investments and check on any you have made, at the moment...

 

[rhamersley]

Jim Cramer: An economic wave is about to hit that will be fantastic for investors

We can all sweat about a government shutdown, China and Taiwan and the presidential election. Me? I am just waiting for the real wave of deflation to hit us.

www.cnbc.com

I'd avoid making any investments and check on any you have made, at the moment...

 

[indyblue]

View attachment 276186

Interesting cartoon, I wonder when it is from. Newsmap.jp needs flash to work, which hasn’t been around for years now.

 

[rhamersley]

Interesting cartoon, I wonder when it is from. Newsmap.jp needs flash to work, which hasn’t been around for years now.

Don't know, but am aware that people do better doing the opposite of what Cramer says.

 

[smokingman]

Unless you are short....



I went short two weeks ago. Things like SQQQ i picked up $17.68-17.89(now $19.36 and it looks to have another 5%+ gain today...so doing well). Not sure I will sell that position for sometime,as I expect the next few months,possibly year to do well. If it drops to 18 I will sell it(and pick it up again at 17.50,but doubt that happens in the next 6 months. Unless the dollar weakens substantially,then I will exit all positions and move into more hard assets that I can hold.

 

[smokingman]

Can not borrow your way out now(talking to tech).

Forced selling likely. I expect this to continue. Monday will be "interesting"(in the Firefly sense, hope not to end up like a leaf on the wind).

I sat on the sideline for the last 6 months.
See I realized it was a pie eating contest and the prize was pie. I just watched as they stuffed themselves(with debt,hopium,geen shoots,unlimited PE and buybacks)pie. Now I am simply betting on when the puking starts and how much weight they lose.

 

[Mgderf]

Forced selling likely. I expect this to continue. Monday will be "interesting"(in the Firefly sense).

Buckle up boys and girls, it's going to be a bumpy f**"ing ride.

 

[JettaKnight]

Don't know, but am aware that people do better doing the opposite of what Cramer says.

That guy is still around? He hasn't died of a heart attack?!

 

[Tombs]

That guy is still around? He hasn't died of a heart attack?!

The Inverse Cramer ETF Is Still Beating the S&P 500 Index by Nearly 7 Percent

CNBC’s Jim Cramer is often touted as an alpha-generating machine, provided that investors take the opposite trade to Cramer’s recommendations

wccftech.com

There's actually an inverse cramer index.

 

[rhamersley]

The Inverse Cramer ETF Is Still Beating the S&P 500 Index by Nearly 7 Percent

CNBC’s Jim Cramer is often touted as an alpha-generating machine, provided that investors take the opposite trade to Cramer’s recommendations

wccftech.com

There's actually an inverse cramer index.

 

[Destro]

View attachment 300831

I like Cramer, his picks are terrible though.

Prefer him @ 9am vs 6pm.

 

[dieselrealtor]

Years ago he used to do pretty good, maybe should have retired in his hayday.

 

[ancjr]

Years ago he used to do pretty good, maybe should have retired in his hayday.

 

[smokingman]

View attachment 300762

View attachment 300763
Can not borrow your way out now(talking to tech).

Forced selling likely. I expect this to continue. Monday will be "interesting"(in the Firefly sense, hope not to end up like a leaf on the wind).

I sat on the sideline for the last 6 months.
See I realized it was a pie eating contest and the prize was pie. I just watched as they stuffed themselves(with debt,hopium,geen shoots,unlimited PE and buybacks)pie. Now I am simply betting on when the puking starts and how much weight they lose.

My wager has been doing well. Up 22.8% since the above post on Sept 21st. Still not budging,and staying short for a long time. I set some things up to sell if they went lower by more than 5% just to guard what I have made.

Before when short it was a daily/every other day buy and sell an hour before the closing bell. Now I am in it longer term. We have a bank crisis(banks are losing money on every home loan under 7% right now...way worse than the 2008 crisis,and that turned into a 17 trillion bailout...this one will be worse when it snaps),debt(fed,personal,government,and corp)crisis,energy crisis(due largely to our massive record exports and the Biden EPA).

Add to that possibly the worst administration in history and the millions of insane bureaucrats on mostly leftist power trips and,yea I am staying short.

Dollars are starting to return in an ever larger wave as foreign governments and investors sell treasuries(at large losses or just before maturity). It will cause more inflation,that they will blame anything but debt and spending.

I have been wrong plenty,and to early often. Looks like this time I was spot on.

Good luck everyone.

..
At the close I was up 6.8% just today.
After hours trading is crazy. Nasdaq 100 futures has huge volume. They are trying to defend 14,700(technical support) it does not look to be working. 14,703 at 9pm est. It broke that support before the closing bell,and regained it back shortly after the market closed with incredible volume. It is fading fast though. I would wager we open lower.