I think this sell-off is overdone. Unlike Covid, the economy is not shutting down. Unlike 2008, there is no big dynamo crashing. On the contrary, American companies are quite productive, their earnings insanely high, and US economy is doing relatively good. The biggest threat to the companies was Biden imposing taxes – even that is out. We are also up for a rate fall cycle, which just makes the money cheaper.
TLDR: this is a panic sale. Could have been caused by fear and Japanese yen investors, but this has no wings. Buy, buy, buy!
This panic sale is an opportunity to buy
byu/blackSwanCan inwallstreetbets
Posted by blackSwanCan
26 Comments
Copium thread, need this ![img](emote|t5_2th52|4258)
Way too soon
NVDA is struggling its way back from 15% down on market opening. It’s recovering about 5% so far
Don’t try to catch a falling knife.
If you’re buying to hold long term it’s stupid not to get at the discount. If you’re gambling whatever position you take it will be wrong unless of course your shorted over the weekend and got the sweet 5k percent gain on spy puts. Congrats
The dips are being bought up already.
Anyone who sold at open is a fucking cuck
Got on at 6:30am Pacific time was down 6.5% went to make breakfast and now it’s only down 4% lol
End of the World avoided
yup get in now so the 1% can drink your milkshake
Consumers can’t afford groceries and dude thinks biggest threat to economy is Biden taxes
Watch the market close up today.
I always thought wsb was about short term plays. Idk i just rode apple from 199 to 208 in like 20 mins, closed it and now will enjoy breakfast and check back after 10:30. I have no clue about longterm im too smoothbrained for that as my LT portfolio can attest.
It could be a buying opportunity if my vanguard wasn’t down 🤨
Sell yo kids sell yo wife
Buy it down. That’s the only way. I am not gonna sit here and pretend like it won’t go down more. People are hurting and market definitely needs a reset. This is how shit will get cheaper.
My dog says NASDAQ will close green today. Is he on drugs?
The afterhours would have been a great time to step in for the huge discount:
Msft $360
GOGGL + Amzn $150
Nvda $90
Meta $440
Most have recovered to their previous support level, the margin calls on the leveraged yen abusers was a nice discount. Could have been an easy day trade for 10% or hold long term investment.
“Panic sale” lol more like forced liquidations
Well that’s cool and all, but all 3 big brokerages are down right now so we just get to watch the ride not participate
Ppl who sold on opening crying rn, was down 8% since Friday now only 6%, I didn’t hear no bell 🔔
!remindme 48 hours
Market is slowly moving up. DCA is king.
Sucks if you’re in Schwab. They’re only giving access to the elite. Us poors have to wait and can’t buy the fear.
Bitcoin is the hedge theory is disproven multiple times !
https://preview.redd.it/56w9axg0uugd1.png?width=879&format=png&auto=webp&s=2506860f1c8b3689538c66ee3fb373e6906fc974
I don’t think most retail investors have even had a chance to sell yet. Retail service clusterfuck engaged
OGs know to sell now and buy high