The Liberation Day puts were the only thing that was obvious to the common man. I kick myself for being too busy at work to pay attention to it. But no way was today obvious to anyone other than to say that time in the market still holds true. We probably have support still at short dated $500 SPY, $450 if you want to stay conservative. I’ll probably sell puts with this elevated volatility and make some nice premium. But don’t listen to me, I like gambling. You’re still discounted today compared to sleepy Joes highs, so if you’re retiring in 2035+, buy back in now at the discount and make a quick buck.
Liberation day expectations were like 10 to 20 percent tariffs. Relatively targeted. You'd have to have known they were going above worst case scenario to really make much
The rhetoric of “reciprocal tariffs” was broadcasted a good amount leading up. 10-20 expectations is too conservative to not think it could get crazy
Would be curious what his finance team had presented before he threw it away for trade deficit fake algorithm
The way to have made a killing is if you had bought puts ahead of time not unlike throwing out a parlay on a gambling app. If you are just doing that all of the time you are probably getting similar results to someone throwing out parlays all the time.
When was liberation day announced? 2 weeks prior? I remember it being a talking point of his for a while claiming “I don’t want to do it on April 1st because people will think it’s April fools.”
TD Bank new checking account bonus hit today. Now to transfer money and close the account and hunt for the next bonus.
I know what he’s referring to. Sure it’s possible but even with that knowing when to push the button and how much and having the gumption to do it is its own thing. Much like the consternation this thread has gone through the past few days.
So now after Trump essentially tried to get the entire country to engage in insider trading yesterday, I assume we'll get to watch even wilder swings than normal from here on out every time he tweets or mentions the market as all the crazies try to read into signals and deeper meaning?
Make sure you read the fine print and don’t have to hold it there for a period of time. Chase is running a large checking and savings bonus, I think up to $900.
Everyone remembering there are still a bunch of tariffs and it was only a pause for the extra dumb tariffs
The article last night where it came out trump was cool with causing a recession but didn't want a depression was a good reminder
Did anyone else watch the Steve Eisman podcast? (think Bert Handsome posted the other day) I watched the two episodes he has out and is it me or did they all seem to be pretty indifferent if not approving of Trump’s tactics?
I watched it and it seemed all of them were shitting on trumps tactics, except eisman who was taking a wait and see approach. They did all agree the blanket tariffs were idiotic though
They all shit on the nonsensical math behind it as well. Seems like all of them except Eisman think/know he’s a clown. They even shit on him bankrupting a casino multiple times
I skipped around on it and didn’t know who they were so I wiki’d them. I felt Eisman sounded too open to the tactics considering he was basically the good guy in Big Short (unless I’m misremembering the movie). Maybe anti hero I guess he did make a killing on misery.
401K deductions hit the market yesterday. Can’t even take advantage of the lows. Edit - Also, can someone smarter than me explain why there’s such a large discrepancy between SPY, and the tickers that try to follow it like VOO, IVV, etc? I get a few hundredths of a percent, but it’s almost a full percentage point at times.
Purchased a SPY put at 510 strike at 11:15 this morning for $2.77. Sold at 12:23 for $9.56 This is my March Madness Need about another 20 of these to cover my bags on COOK.
They own modestly different amounts of the same things. For example one owns 7.25% of Apple the other owns 7%, rinse and repeat that for all the things they own and they will track slightly different. That’s my guess, idk if it’s right.
Just read an article that SPY closed yesterday at 90 basis points above the value of the underlying assets. One of its highest discrepancies in forever. It's usually within a fraction of a percent. Just the chaos of shorts covering and everything else I guess
ya'll ever have 2 or more roth IRA accounts at different brokerages? do you just leave that as-is or try to combine them?
Retirement account fraud is typically a 30 year sentence, my cousin’s friend made that mistake. Could happen to anyone
I’m dumb and don’t know anything but if I had enough stock to retire and live off of right now I would probably sell and just move and not worry about this shit for the rest of my life
I’ve been playing the powerball and doing a lot of Zillow research of where I’ll be living after my big win. Also doing the math on how much I’d make a month on my 3.70% savings account. A lot of healthy thoughts here lately.
if you have enough capital to retire and live off of without it being in the market you have no worries either way. You can leave it invested and great generational wealth at that point.
What’s enough? In 2014 I bought a modded account for GTA V online, max skills and xp, a billion dollars in game currency, etc. By 2018 my character couldn’t afford a new paint job on a Buffalo STX at Los Santos Customs.