Why was it so high to begin with? High of ~70 in 2017 and then a run up since last March to near 100. Seemed prime for a crash no matter what.

Rip bull market?


Looks like we’ve entered a stage of consolidation. Personally I think that’s not necessarily a bad thing. It’s going to kill some of the froth in the market. A few months to half year of stock market flatness IMO is enough to get some of the gamblers to leave which in the grand scheme of things is a positive for investors.

might sell my 3k shares of ZOM, dunno how much more loss i can take, might take the profits and pay for my honeymoon

we won't see the growth from prior years thats for sure. tech won't do that two years in a row, and once re-opening happens only a few industries will truly benefit. people haven't seen just how much damage it's caused to businesses and small mom-and-pops. also potentially re-opening and lockdowns starting again when covid-19 ultimately mutates can cause more heartache. any ridiculous tax increase measures wont help either, even under the guise of 'infrastructure spending' which will just be more pork barrel for the most part.

We didn't have an end-of-March surge so now I'm plan B.

Assume the money is gone and ignore it.

Wall Street bankers on Reddit crowd:

>tHeY dOnT kNoW hOw to maNAge rISk!1!! ReGuLate it!!

A few weeks later:

>35 Billion hedge fund forced to liquidate
> Credit Suisse one of Europe's largest investment banks worth around 30 B looking at up to 3.5 billion dollars pre-tax loss
>Nomura, one of the largest Japanese investment banks looking at up to 2 B loss
>Somehow the American giants Goldman, JP Morgan, and Wells get most of their money

Like lol.

This post was edited by ofthevoid on Mar 30 2021 11:50am

Ten years after that total failure of institutional risk management tanked of the entire world economy

Decided that winter is boring when you can't travel and go skiing, so I have a bunch of woodworking tools being shipped up.

Cost - Close to 3K
Materials for the 1 table i probably make 300 dollars
Value of the table i make $100
Return $(3,200)

haha, I feel that. I just opened a new credit card for spending bonus & 0% for 15 months. Purchased $3,200 of hobby-related items on it. Going to pay the minimum and on the 15th statement pay the remaining in full.

In other news... added to PLTR, ENPH, TSLA, AMZN, SFT, and opened a new position in GHVI today.

It keeps bouncing off ~21. Hoping we've seen the low lol. Lots of people adding when it goes down to that level.

I'm just gonna keep my stake where it's at and let it ride into the wild green yonder.