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SPDR S&P 500 ETF Trust (SPY)
NYSEArca - Nasdaq Real Time Price. Currency in USD
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374,676 reactions on $SPY conversation
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Tune out the noise....it all comes down to valuations and speculation. Both have gotten way out of control since the Pandemic started since rates went to zero and money handed out by the trillions. Those days are now DONE. Rates will normalize and valuations need to come down to normal levels too. 15 PE for solid profitable companies and 25 PE for high growth profitable companies. Pating nything above this is money down the toilet. And the flushing started this week!
Holy?!?! AMZN ttm PE is "down" to ~70 and forward 2022 PE est is 56. Has it ever been this "cheap"???
And yet still way too expensive for my deal. Never owned it.
From mid November last year when everyone was bullish to last week I increased my net worth 12X. I made a lot of money with put options when everyone was greedy. Today I picked up some calls on some beat up techs because everyone thinks it is the end of the world. Maybe I am wrong but be greedy when everyone is fearful.
My brother with three young kids, nice house, and two nice cars was receiving $900/month in non-refundable child tax payments. He is now broke because he didn't receive the $900 on Jan 15th. His student loan payment of $527/month, which has been deferred for two years, resumes in May. Millions of people are in the same situation. The party is OVER!
I'm shocked the stock market doesn't go up everyday. Nobody remembers the 16 year Nixon /Ford debacle. 16% mortgages.
It's NOT the $225 Trillion in Global Debt that makes this Market Unstable.........Oh no.......
It's the $2 Quadrillion in Derivates attached to it that makes this Market Unstable.........but few will point that part out.
Housing market ready to crash. This will create a credit crunch if fed doesn't intervene.
Victor Maximus Victorious
VIX front month and second month futures contracts went into backwardation, today.
Considering that, at least so far, there aren't any indications of there being a dislocation within the credit markets that can significantly impact the equities market, the front and second month backwardation could be a sign of the equities market being at or very near a selling extreme. In other words, thinking equities indices contrarian, a this point in time, might pay off.
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Looks like a crashing stock market can be added to the long list of the administration "accomplishments". All we need now to top it off is a hot war in eastern Europe. Oh wait...
LOL but this exchange the most c orrupt on the planet can do anything it wants as long as the 10% who grease the SEC pockets make money but
Crypto Exchanges Will Face More Scrutiny From SEC, Gensler Says
Jamie Dimon said this was the best economy in decades and the consumer is strong. That was your signal to SELL last week. Hahaha.
What really needs to happen , but no one has the GUTS TO TELL YOU..........DEFAULT NOW and start a new monetary system.......but again, they'll just raise rates, and raise taxes and claim they're MAKING AMERIKA GREAT , again.....and Run the Dollar into the dirt faster and faster until they have no choice, which will make the outcome even more severe for the average person.......probably FEAM CAMPS and SOUP LINES.
ECONOMY IS SOLID. Last holiday expenditure was 8.5% more than 2020. Expect most EPS/revenues to surpass at earning. JMP already proved surpass expectation. Expect FB to pop 500, COIN easy 400, SHOP no matter what 1500 by Friday. SPY500 easy. We already loaded today, yesterday. HEDGIES game are done
UGH - I've been up this morning for an hour and a half and in that time (just checking back in) FOURTEEN of my replies have been deleted. Yahoot is a censorship disaster!
"Netflix reported fourth-quarter earnings after the bell on Thursday. The streamer beat on both the top and bottom lines, but shares plunged 10% in after-hours trading.
Here are the key numbers:
Earnings per share (EPS): $1.33 vs 82 cents expected in a Refinitiv survey of analysts.
Revenue: $7.71 billion vs $7.71 billion expected, according to Refinitiv.
Global paid net subscriber additions: 8.28 million vs 8.19 million expected, according to StreetAccount estimates"
FED may well keep rates unchanged in March since we are dealing with Omicron + China just cut their rates!
Don't know how anyone can complain. There was a basically 2 year runup, and ample opportunity to take profits. Even now, it's just off the highs in the weekly chart.
Rates go up, property values go down, borrowers end up with negative equity and walk away from the property. Happened in 2008 and will happen again soon. Cheers.
One day after Trump said Nancy Pelosi should be banned from stock trading, she said she’s open to it
John R. Lewis award winner details idea at the ‘intersection of technology and racial justice’
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Jeremy Grantham predicts the US 'superbubble' will pop, wiping out $35 trillion in stocks and housing. Here are the 11 best quotes from his new note.
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