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stock market crash?
posted in Off Topic
61
#61
6 Frags +
siyodid anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today

imo, seems unwise to put your buying power in any dollar related assets, especially those that are backed by a gov thats most likely in death debt spiral. also inflation is about to hit and money markets will return at a lower rate than inflation progresses.

[quote=siyo]did anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today[/quote]

imo, seems unwise to put your buying power in any dollar related assets, especially those that are backed by a gov thats most likely in death debt spiral. also inflation is about to hit and money markets will return at a lower rate than inflation progresses.
62
#62
Fireside Casts
1 Frags +
extracrispysiyodid anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today

imo, seems unwise to put your buying power in any dollar related assets, especially those that are backed by a gov thats most likely in death debt spiral. also inflation is about to hit and money markets will return at a lower rate than inflation progresses.

yea, best move atm is probably to move from money market to bonds atm. but for the next few weeks, i’ll wait on making that move. i’m going to wait and see just how much the market dips further at the moment because i’m looking to see just how far we’re going to drill. i’m also starting to ramp up my contributions to my 403b & 457b in preparation of the following months. looking at the buy orders today was all retail. didn’t see any institutional buying.

tomorrow’s unemployment report won’t fully capture the true extent of the tariffs/short term economic impact that is yet to come, so i’m expecting much more red and am loading up on powder and hedging with long term puts to maximize profits

the tariffs seem to be calculated based on trade deficit--which makes it even more appalling as it doesn't really consider the buying power of countries that were listed like cambodia/vietnam. the market still has yet to factor in retaliatory tariffs from what seems to be a united front between japan/south korea/japan (wow who would have thought those three countries would get together). then you still have the rest of the world announcing preparation of retaliatory tariffs unless the ones in place are rescinded. hate to be a doom and gloom guy but with small cap now entering a bear market i can see SPY/DOW going down a lot more than today

[quote=extracrispy][quote=siyo]did anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today[/quote]

imo, seems unwise to put your buying power in any dollar related assets, especially those that are backed by a gov thats most likely in death debt spiral. also inflation is about to hit and money markets will return at a lower rate than inflation progresses.[/quote]

yea, best move atm is probably to move from money market to bonds atm. but for the next few weeks, i’ll wait on making that move. i’m going to wait and see just how much the market dips further at the moment because i’m looking to see just how far we’re going to drill. i’m also starting to ramp up my contributions to my 403b & 457b in preparation of the following months. looking at the buy orders today was all retail. didn’t see any institutional buying.

tomorrow’s unemployment report won’t fully capture the true extent of the tariffs/short term economic impact that is yet to come, so i’m expecting much more red and am loading up on powder and hedging with long term puts to maximize profits

the tariffs seem to be calculated based on trade deficit--which makes it even more appalling as it doesn't really consider the buying power of countries that were listed like cambodia/vietnam. the market still has yet to factor in retaliatory tariffs from what seems to be a united front between japan/south korea/japan (wow who would have thought those three countries would get together). then you still have the rest of the world announcing preparation of retaliatory tariffs unless the ones in place are rescinded. hate to be a doom and gloom guy but with small cap now entering a bear market i can see SPY/DOW going down a lot more than today
63
#63
17 Frags +

fuck everyone who has any money

fuck everyone who has any money
64
#64
Fireside Casts
2 Frags +

today was a rollercoaster

today was a rollercoaster
65
#65
1 Frags +
siyodid anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today

very ballsy

[quote=siyo]did anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today[/quote]

very ballsy
66
#66
-2 Frags +

too much winning...

too much winning...
67
#67
-4 Frags +

why is everything going to shit right when im about to go to college

why is everything going to shit right when im about to go to college
68
#68
1 Frags +
StylaxGreat time to buy the S and P 500 at a cheap price and hold it for 30 years. Basically your pension.

This post does not represent financial advice...

And again

[quote=Stylax]Great time to buy the S and P 500 at a cheap price and hold it for 30 years. Basically your pension.

This post does not represent financial advice...[/quote]

And again
69
#69
Fireside Casts
4 Frags +
griffsiyodid anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today

very ballsy

i exited about 75% of my position after today though. i didnt expect the drop to be this fast so now i’m slightly worried. i was able to 5x my initial investment and im letting the rest ride for now

[quote=griff][quote=siyo]did anyone trade in anticipation of today? i bought mine a bit too early prior to market close yesterday, but i had $10k worth of 1DTE $QQQ puts. made it out with a good amount of profit

probably going to move my investment into long puts on $TSLQ or $SPY in anticipation of retaliatory tariffs

i also moved my retirement into money market--albeit a bit too late but just in time prior to today[/quote]

very ballsy[/quote]

i exited about 75% of my position after today though. i didnt expect the drop to be this fast so now i’m slightly worried. i was able to 5x my initial investment and im letting the rest ride for now
70
#70
3 Frags +

Can I have 5 racks please

Can I have 5 racks please
71
#71
16 Frags +
Prime-Sanitywhy is everything going to shit right when im about to go to college

It could be way worse, you could just be graduating right now. You're going to have loans which suck but you're gonna have like 4 years of relative stability to ride out what's coming instead of fighting for a job in the middle of a recession. Hopefully when you graduate things will have improved.

[quote=Prime-Sanity]why is everything going to shit right when im about to go to college[/quote]

It could be way worse, you could just be graduating right now. You're going to have loans which suck but you're gonna have like 4 years of relative stability to ride out what's coming instead of fighting for a job in the middle of a recession. Hopefully when you graduate things will have improved.
72
#72
27 Frags +

I'm graduating in a month :(

I'm graduating in a month :(
73
#73
Fireside Casts
3 Frags +

Market futures already opened 5% down again

https://www.investing.com/indices/indices-futures

can potentially be the first time in history the market has closed -5% in back to back to back days (the only time it has closed 5% back to back was april 3 and 4, 2025 lol)

Market futures already opened 5% down again

https://www.investing.com/indices/indices-futures

can potentially be the first time in history the market has closed -5% in back to back to back days (the only time it has closed 5% back to back was april 3 and 4, 2025 lol)
74
#74
Fireside Casts
5 Frags +

Japan market indexes NIKKEI and TOPIX just hit circuit breakers (basically halting trading to prevent further losses in a short timeframe), opened down 9%. I have never witnessed circuit breakers used during future trading, only during market sessions. truly unprecedented times and a lot of people are at risk of not only a replay to black monday, but think of the future outlook

it’s not just the stock market being affected. we’re looking at companies provide bad quarterly guidance on earning reports which would not only lead to layoffs, but reduced spending in multiple industries. actually insane to watch everything unfold in real time. and the only reason they’re providing bad guidance is because we haven’t even seen the tariffs be implemented yet and affect the prices of consumer goods. thats just further evidence that companies are guiding on uncertainty because they dont even know how they’ll handle the soon to be implemented tariffs (for the common person: see nintendo’s announcement about nintendo switch 2 release in usa).

the job market is about to get a lot harder and it worries me. a lot of people are going to see layoffs in the short term

Japan market indexes NIKKEI and TOPIX just hit circuit breakers (basically halting trading to prevent further losses in a short timeframe), opened down 9%. I have never witnessed circuit breakers used during future trading, only during market sessions. truly unprecedented times and a lot of people are at risk of not only a replay to black monday, but think of the future outlook

it’s not just the stock market being affected. we’re looking at companies provide bad quarterly guidance on earning reports which would not only lead to layoffs, but reduced spending in multiple industries. actually insane to watch everything unfold in real time. and the only reason they’re providing bad guidance is because we haven’t even seen the tariffs be implemented yet and affect the prices of consumer goods. thats just further evidence that companies are guiding on uncertainty because they dont even know how they’ll handle the soon to be implemented tariffs (for the common person: see nintendo’s announcement about nintendo switch 2 release in usa).

the job market is about to get a lot harder and it worries me. a lot of people are going to see layoffs in the short term
75
#75
18 Frags +

real talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.

real talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.
76
#76
10 Frags +
nikkomodereal talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.

I have delayed defending this year (ok this is cope my dumb ass probably wasn't going to anyway) but yeah it is fucking brutal right now. Collaborators are getting funding canceled and historically 'safe' topics in biomedical applications (i.e. cancer + alzheimer's) are getting nuked as well.

[quote=nikkomode]real talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.[/quote]

I have delayed defending this year (ok this is cope my dumb ass probably wasn't going to anyway) but yeah it is fucking brutal right now. Collaborators are getting funding canceled and historically 'safe' topics in biomedical applications (i.e. cancer + alzheimer's) are getting nuked as well.
77
#77
Fireside Casts
3 Frags +
nikkomodereal talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.

exactly. I'm working at a college right now so there's a lot of rumors around the vine.

penn state is shutting down its satellite campuses due to waning enrollment, and because of that workers at those satellites are being laid off. everyone in my department including me is at risk of layoffs atm. my friend, who had been with the college for 8 years, just got told he's being laid off two weeks ago. and he's an accountant! the finance department was already a skeleton crew and it's gonna be worse.

i believe we're losing one of our program of studies in the near future because the college can no longer justify the program due to federal cuts on department of higher ed. we're completely getting fucked in the ass right now in higher education. i've been looking at our enrollment reports (i handle data analysis and report building at our college) and it is not looking good. we were just finally hitting an upward trend but all of that work we did to recover just got completely gutted

[quote=nikkomode]real talk if you're in academia or plan on going to graduate school you are completely fucked right now. basically every stem program in New York got wiped off the map, i'm talking REU's, jobs, graduate admissions, everything. Even big colleges like Cornell and Colombia (and others outside of NY like MIT) are just not accepting many graduates at all because they don't have even CLOSE to enough money to support them. Hell, some colleges are cutting departments all together. My college, right now, put all graduate math and science programs "on hiatus" (i.e. killed them).

Prayers out for everyone.[/quote]

exactly. I'm working at a college right now so there's a lot of rumors around the vine.

[url=https://www.cbsnews.com/philadelphia/news/penn-state-university-closing-branch-satellite-campuses-pennsylvania/]penn state is shutting down its satellite campuses due to waning enrollment,[/url] and because of that workers at those satellites are being laid off. everyone in my department including me is at risk of layoffs atm. my friend, who had been with the college for 8 years, just got told he's being laid off two weeks ago. and he's an accountant! the finance department was already a skeleton crew and it's gonna be worse.

i believe we're losing one of our program of studies in the near future because the college can no longer justify the program due to federal cuts on department of higher ed. we're completely getting fucked in the ass right now in higher education. i've been looking at our enrollment reports (i handle data analysis and report building at our college) and it is not looking good. we were just finally hitting an upward trend but all of that work we did to recover just got completely gutted
78
#78
-7 Frags +

just buy 10,000 bitcoins in 2009

just buy 10,000 bitcoins in 2009
79
#79
16 Frags +

Guys this is just the price we have to pay to eradicate woke! Please try to remember that as the world plunges into poverty and the hopes and dreams of you and your loved ones are shattered. The life of scarcity and debt that awaits you and your children will own the libs and that really makes it all worth it.

Guys this is just the price we have to pay to eradicate woke! Please try to remember that as the world plunges into poverty and the hopes and dreams of you and your loved ones are shattered. The life of scarcity and debt that awaits you and your children will own the libs and that really makes it all worth it.
80
#80
11 Frags +

boy am i glad that jobs in my field of study (anthropology) do not rely on the public sector, academia, or federal grants! even better that the private sector job market will be very strong! can't wait to rake in the cash in a few years! trump 2028!

boy am i glad that jobs in my field of study (anthropology) do not rely on the public sector, academia, or federal grants! even better that the private sector job market will be very strong! can't wait to rake in the cash in a few years! trump 2028!
81
#81
4 Frags +
enthrowGuys this is just the price we have to pay to eradicate woke! Please try to remember that as the world plunges into poverty and the hopes and dreams of you and your loved ones are shattered. The life of scarcity and debt that awaits you and your children will own the libs and that really makes it all worth it.

https://i.imgur.com/siuxUCK.png

[quote=enthrow]Guys this is just the price we have to pay to eradicate woke! Please try to remember that as the world plunges into poverty and the hopes and dreams of you and your loved ones are shattered. The life of scarcity and debt that awaits you and your children will own the libs and that really makes it all worth it.[/quote]
[img]https://i.imgur.com/siuxUCK.png[/img]
82
#82
-1 Frags +

dw guys when nobody's willing to spend their money causes a deflationary spiral the price of eggs will finally be lower.

dw guys when nobody's willing to spend their money causes a deflationary spiral the price of eggs will finally be lower.
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