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Old 06-27-2016, 11:23 AM  
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Old 12-18-2021, 04:51 PM   #12046
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Old 12-20-2021, 06:41 AM   #12047
lewdog lewdog is offline
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Another red premarket.
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Old 12-20-2021, 08:34 AM   #12048
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Another red premarket.
Omicron is getting overblown. All reports are that is is mild. But the fear is still being pumped about the vaccines and such. Which, BTW, ironically keep a the mild variant of Omicron, "mild".

Can't make this shit up.
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Old 12-20-2021, 08:44 AM   #12049
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Omicron is getting overblown. All reports are that is is mild. But the fear is still being pumped about the vaccines and such. Which, BTW, ironically keep a the mild variant of Omicron, "mild".

Can't make this shit up.
Yes and no.

The concern isn’t with increased severity. The concerns are possible restrictions around the world where healthcare systems are being maxed out again. National guard being called into numerous states again and many states like AZ back near 100% capacity (beds in hallways in many ERs here) while dealing with staffing shortages. And currently the USA hospital system is fairing better than many European counterparts.

It’s the fear of the unknown the market isn’t liking.
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Old 12-20-2021, 08:46 AM   #12050
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I'm waiting for the market to level out, this could go on for awhile.
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Old 12-20-2021, 08:50 AM   #12051
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Yes and no.

The concern isn’t with increased severity. The concerns are possible restrictions around the world where healthcare systems are being maxed out again. National guard being called into numerous states again and many states like AZ back near 100% capacity (beds in hallways in many ERs here) while dealing with staffing shortages. And currently the USA hospital system is fairing better than many European counterparts.

It’s the fear of the unknown the market isn’t liking.
We are overblowing a lot of that fear. Delta is still the Covid threat. Our system is filling up beds too but Covid is not the only reason despite news porn.

The restrictions are going in right now out of fear of what might be not what is. Nothing to do but you are correct, fear of the unknown is what is spooking the market.
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Old 12-20-2021, 08:51 AM   #12052
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I'm waiting for the market to level out, this could go on for awhile.
That’s the best plan.

It feels much worse to work hard for gains for months, only to attempt to trade in a down market, seeing you give back months of gains in a week or two.
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Old 12-20-2021, 08:52 AM   #12053
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I'm waiting for the market to level out, this could go on for awhile.
The next two weeks are going to suck.

1. Tax loss selling

2. Thin trading because people are on vacation
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Old 12-20-2021, 08:58 AM   #12054
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I don't like where we are but oddly enough this morning the QQQs are showing a modicum of support right around the $380 level which is where we found support on 12/6.

The SPYs aren't quite to that same level. Both gapped down on the open below the 50 say SMA so I wouldn't put a ton of stock (no pun intended) on the bounces off the lows so far today.
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Old 12-20-2021, 10:26 AM   #12055
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Old 12-20-2021, 06:58 PM   #12056
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I think the recent swings with AMC are hedge pump and dumps. Another way to shakeout retail.
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Old 12-20-2021, 07:27 PM   #12057
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I think the recent swings with AMC are hedge pump and dumps. Another way to shakeout retail.
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Old 12-20-2021, 08:09 PM   #12058
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Holy shit that’s incredible.

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Old 12-20-2021, 09:04 PM   #12059
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I laughed unreasonably hard at this.
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Old 12-22-2021, 09:13 AM   #12060
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**** you ILUS!!!

My only bag hold. Damn.

I never mess with penny stocks but got caught in the hype.
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