Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[GloryDayz]

Well today was not a winning day for the market, ouch.. Sheesh!

[myselff77]

Brutal and it had been going so well.

[ChiliConCarnage]

S&P finished down 2+%. That broke a really long steak. I know it was over a year since we'd had a day down 2%.

[-King-]

At this point I feel like I'm holding TSLA just because doing taxes on stock sales is really ****ing annoying to me even though it's simple (even though the auto filler literally never works).

I even find myself laughing at hardcore TSLA holders when stupid shit happens with Elon/Tesla updates even though I'm a holder myself. What a situation I find myself in.

[lewdog]

Just giving us a dip to rip!!!!

[KCUnited]

Loading up on dividend stocks

Free money

[lewdog]

Blood ****ing bath.

[Buehler445]

Weight Watchers (WW) is down to .89 and is laying off a bunch of people and is cutting 100M in expenses.

GLP-1 killed weight watchers.

Interesting.

[Rain Man]

Originally Posted by Buehler445

Weight Watchers (WW) is down to .89 and is laying off a bunch of people and is cutting 100M in expenses.

GLP-1 killed weight watchers.

Interesting.

It sounds like they're really cutting the fat.

I didn't think about the drugs killing Industries like this. You'd think that people would still want the social support and diet support.

[Rain Man]

Originally Posted by lewdog

Blood ****ing bath.

Today they're walking amongst the bodies and shooting anything that's still moving.

The past two weeks have been absolutely brutal. I have blood flowing from every financial orifice. My strategy of buying CDs for the past year has been great, but I've got enough tech that I'm still losing my shirt.

[ThaVirus]

I read that even Oprah started taking Ozempic after yeeears of endorsing Weight Watchers. If true, had to be a killer for their clout.

[lewdog]

Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???

We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years.

[Rain Man]

Originally Posted by lewdog

Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???

We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years.

The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses.

[lewdog]

Originally Posted by Rain Man

The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses.

Definitely, could just be a much needed correction. This year we extended way too much and it couldn't last forever. Hope that's all it is but we shall see.

[lewdog]

Originally Posted by Hog's Gone Fishin

Get ready for Mortgage defaults to start hitting. People that bought 4 years ago with variable rate loans bought what they could afford at the time. Now they are struggling if they got an adjustment. I've got 5 mortgages left on rentals that all adjusted in the last 12 months from 5% to 8.75%. I can raise rents, but people with a home mortgage just have to get a 2nd job. Meanwhile the property taxes have increased as well as fuel and groceries. Banks are going to get wrecked shortly or another bailout. Never ends.

I agree. Most signs point to that repeating. It is cyclical and it's coming soon (1-2 years), IMO.