dow jones

UnionStrong

Sorry, but I don’t care anymore.
FA02A093-F0EF-4862-A9CC-2E64072103A1.gif
 

Babagounj

Strength through joy
We have some unique seaweed around here, when it dries up , it smells really bad.
So bad that people can't stand it.
You could use it to deter animals from your grow patch.
Pilayella littoralis.
This non-toxic brown algae washes ashore and lands on rocks and the sand, dries, and smells.
As the plant material decays on the beach and in the sand it produces an odor.
The odor is a sulfide containing gas.
 

UnionStrong

Sorry, but I don’t care anymore.
Pilayella littoralis.
This non-toxic brown algae washes ashore and lands on rocks and the sand, dries, and smells.
As the plant material decays on the beach and in the sand it produces an odor.
The odor is a sulfide containing gas.
Thank you Bill Nye
 

bacha29

Well-Known Member
They will only let the market fall so far then they will pump more and more money into the economy
The FOMC next week could be a game changer. 25 basis point jump is a near certainty and 50 not out of the question. The hope today was that the NASDAQ would hold at 14K thus be a sign of a new support level. Didn't happen. SPAC's and crypto could be the .com's of 2000. All eyes will be on the overseas markets when they open Sunday night. Will be interesting to see how much longer Cathie Wood has at ARKK until she's handed her hat and sent on her way.
 
The FOMC next week could be a game changer. 25 basis point jump is a near certainty and 50 not out of the question. The hope today was that the NASDAQ would hold at 14K thus be a sign of a new support level. Didn't happen. SPAC's and crypto could be the .com's of 2000. All eyes will be on the overseas markets when they open Sunday night. Will be interesting to see how much longer Cathie Wood has at ARKK until she's handed her hat and sent on her way.
Put your seatbelt on
 

Up In Smoke

Well-Known Member
As of yesterday (options expiration day) 58 of the S&P 500 companies have reported fourth quarter earnings. Of the companies that have reported, 80% have beaten their earnings forecast. Those beats have been by a median of 6%. Revenues of those companies rose an average of 4%.
 

vantexan

Well-Known Member
As of yesterday (options expiration day) 58 of the S&P 500 companies have reported fourth quarter earnings. Of the companies that have reported, 80% have beaten their earnings forecast. Those beats have been by a median of 6%. Revenues of those companies rose an average of 4%.
And a large % of the S&P are already in a bear market with many having already lost 50%+ of their stock price. The biggest stocks have been propping this market up.
 

Up In Smoke

Well-Known Member
Looks like 8 companies have lost more than 50% from their 52 week high. 158 companies are considered in correction as they are between 10 and 20% off their 52 week highs. We typically see a selloff around earnings season. It becomes even more volatile when it's an expirations week also. Millions of protective puts were solidly in the money this week.
 

vantexan

Well-Known Member
Looks like 8 companies have lost more than 50% from their 52 week high. 158 companies are considered in correction as they are between 10 and 20% off their 52 week highs. We typically see a selloff around earnings season. It becomes even more volatile when it's an expirations week also. Millions of protective puts were solidly in the money this week.
I hope you're right but it's not looking good.
 

Up In Smoke

Well-Known Member
Every CEO that I've listened to have expressed concerns over wage inflation. The consumer is flush with spending cash and not afraid to use it. Revenues look to be solid beats across most sectors but profits may suffer because of increased wages and benefits to their employees. As an options investor, I love 10-20% swings of individual stocks.
 

bbsam

Moderator
Staff member
What’s wrong with you guys? Whenever this happened 2 years ago, y’all went on a buying spree. If there’s one group in this country that will always be taken care of by the government, it’s Wall Street.
 
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