Well lot of us here are trading stocks as well as index funds

Mag 7 and small caps are down quite a bit more than 6% from recent highs

The YTD run ups in the Mag 7 were much higher than 10%.

I'm not exactly shitting myself seeing Nvidia go down 20%, for example.

Only time will tell but it does push the FED to start cutting rates

the markets ran red with blood today


this is what jerome has been talking about for months, years even - unemployment ticking up and some pain to be felt


with that comes some market corrections, all with the hopes to get a handle on inflation


people want cheaper homes, groceries, etc. and this might be the way it gets there. in theory atleast

or it'll recover by friday


footage of jerome:

Nvidia and meta are the only in the mag 7 that are “much” higher than 10%

Apple , Microsoft , google, amazon, Tesla ytd range from -17% to 13%

Nonetheless I don’t think many here are shitting themselves, rather discussing how to take advantage of this situation

Average market pullbacks >5% over the last 50 years, land at 9%

This market pullback sitting around 8.9% currently from highs

Don’t panic, don’t watch the news

Vix is 60, you force yourself to buy something

Airbnb thoughts ?

Rebought wbd 6.9

This post was edited by Bazi on Aug 7 2024 06:37pm

I think airbnb for long term is a good buy. Good business model, good CEO, global influence and well known name.

They havent been tested thru a recession yet but their balance sheet is solid so should hold up.

Plans for this upcoming week?
I think cpi report comes out so it might be volatile

Personally im going to wait for the next red day(s) to buy more TQQQ

Did a lot last week

Now I’m just sitting . Very long with some cash no short hedges right now

Planning to hedge again early September