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Forum » Stocks are a JOKE at this point (SRS).
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Thread: Stocks are a JOKE at this point (SRS).

post 1623554291 11-24-2020, 09:04 AM
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  1. Weezy32
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Stocks are a JOKE at this point (SRS).

Tesla stock to the MOON up $100 in only a month but WHY ?

Who is going to be buying Tesla's $60-70-80-100k cars ?

-Airline industry is in the ****ter with airlines laying off 100 000s of people and airlines losing 5-6 billion every quarter
-Travel industry is complete ****
-Restaurants / Gyms are fighting not to go into bankruptcy due to corona many have already filed
-Journalis industry is going into ****, CNN is 150 billion in debt and ATT is trying to sell it. -Huffington post just got sold for peanuts to buzz feed
-15 million Americans are about to lose unemployment in December\
-Layoffs bankruptcies everywhere i look.
-Whole industries begging government for bailouts



BUT BUT BUT

STOCKS TO THE MOON.


Am i the only idiot that sees something really fukkin wrong with stocks. My friends keep talking how they are making money in stocks and i am just like is this real life.
Atlanta Falcons!!!
post 1623554401 11-24-2020, 09:06 AM
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It’s all about bitcoin now
post 1623554451 11-24-2020, 09:07 AM
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Peak greed
post 1623554581 11-24-2020, 09:08 AM
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Cant wait until all these bubbles pop in our lifetime.
We are fcked.
post 1623554711 11-24-2020, 09:10 AM
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Just ride the wave bby
post 1623554741 11-24-2020, 09:11 AM
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I'm sitting on a little cash to invest and it seems foolish to put it in stocks right now. I feel like another big correction is looming.

On the other hand, I suppose vaccines could drag us out of this mess soon enough to avoid another crash. If Biden attempts to instigate a national lockdown before the vaccines can boost confidence, then we'll see a big sell off.
post 1623554791 11-24-2020, 09:11 AM
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Another crash wouldn't surprise me, at the least a sharp correction. Any day now... the rich will just buy in near March lows and ride the rocket back up like they did the last 7 months.
post 1623554871 11-24-2020, 09:12 AM
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It's inflation. Just wait until bread is $10 a loaf
post 1623555151 11-24-2020, 09:16 AM
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Originally Posted By Caeculus⏩
It's inflation. Just wait until bread is $10 a loaf
This.

Also, just lol at the people complaining "Rich are getting richer".

Since clearly these people are so smart and know exactly what is going they should brag which stocks they own. Surely they are also getting rich, being so smart and hip to what is going on and all.
post 1623555301 11-24-2020, 09:18 AM
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Lol, well Tesla does make much cheaper cars and they’re a battery story as well.

You mad I doubled my retirement the past two months?

PLTR Krew.

Don’t be mad brah.
post 1623555411 11-24-2020, 09:19 AM
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Between the previous stimulus, the vaccine, tons of people working remote (and companies realizing that this works), and another potential stimulus, the market will be fine as long as Biden doesn’t raise corporate income tax.
Always Neg Back Crew.
post 1623555541 11-24-2020, 09:20 AM
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Originally Posted By ReyDelMundo⏩
Lol, well Tesla does make much cheaper cars and they’re a battery story as well.

You mad I doubled my retirement the past two months?

PLTR Krew.

Don’t be mad brah.
If a foot gets cut in half overnight but is still called a foot when you measure your house does the square footage double as well?
post 1623555611 11-24-2020, 09:21 AM
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Originally Posted By radrd⏩
I'm sitting on a little cash to invest and it seems foolish to put it in stocks right now. I feel like another big correction is looming.

On the other hand, I suppose vaccines could drag us out of this mess soon enough to avoid another crash. If Biden attempts to instigate a national lockdown before the vaccines can boost confidence, then we'll see a big sell off.
This is where I am. I cashed out before the election and now don't want to buy back into anything due to the multiple week long green/high % up days.

I cant decide if the vaccine will be the proverbial savior and its all up from here or if there will be another "only 2 more weeks" lockdown and we plummet again.

But Fuuuuukkkkkkk the FOMO is real.
post 1623555651 11-24-2020, 09:21 AM
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jpump
certified sp driller
post 1623555831 11-24-2020, 09:23 AM
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I remember the misc making fun of anyone wanting to buy tesla stocks. Claiming ''Just lol @ buying stocks of a company that can't even make a profit''.
Cobra Kai never dies!
post 1623555951 11-24-2020, 09:24 AM
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Originally Posted By bsmit107⏩
This is where I am. I cashed out before the election and now don't want to buy back into anything due to the multiple week long green/high % up days.

I cant decide if the vaccine will be the proverbial savior and its all up from here or if there will be another "only 2 more weeks" lockdown and we plummet again.

But Fuuuuukkkkkkk the FOMO is real.
I'm holding PLTR right now. DCAing into positions, but it's moving so fast I just want to throw everything I've got at them. Searching for a sleeper right now that hasn't already done +500% to yolo half my portfolio on as well
post 1623556051 11-24-2020, 09:25 AM
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Tesla is a massive diversified company that is advancing technology and solutions at an exponential rate. LMFAO if you think all they are is a car company.
I'm not DrewDarden

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post 1623556101 11-24-2020, 09:26 AM
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Originally Posted By Caeculus⏩
If a foot gets cut in half overnight but is still called a foot when you measure your house does the square footage double as well?
Right, so I know more about Palantir than 99.9999% of the population.

I actually don’t care what it does for the next decade, but it’s the future.

I’d actually love for it to somehow pullback to $10 and stay there for 2 years.

Cope more.
post 1623556171 11-24-2020, 09:26 AM
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Originally Posted By Caeculus⏩
It's inflation. Just wait until bread is $10 a loaf
Nah, food is the only thing that will see no inflation. Hunger is what causes people to actually change government.
post 1623556201 11-24-2020, 09:26 AM
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Originally Posted By ReyDelMundo⏩
Lol, well Tesla does make much cheaper cars and they’re a battery story as well.

You mad I doubled my retirement the past two months?

PLTR Krew.

Don’t be mad brah.
Cheapest tesla is a ****ty Model 3 for about $40k out the door the thing looks like glorified honda civic and tbh thats ****ting on honda civic. Only tesla thats worth getting is model s and x imo.

40k out of the door is still alot of money for 95% of people in the USA. I know on misc everyone makes 100k+ a year but in real life people out there are making on average 30-40k a year. Why would they opt for a tesla when they can pick up a brand new toyota or honda for 25k something that is proven and reliable. Gas is cheap so no reason for electric cars to be in huge demand and they are not.
Atlanta Falcons!!!
post 1623556301 11-24-2020, 09:28 AM
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Stocks are indeed a joke. With Tesla, it's their upcoming shipping trucks that are creating buzz. That and finishing up a giant factory in Berlin.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1623556771 11-24-2020, 09:32 AM
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Originally Posted By Drew23⏩
Tesla is a massive diversified company that is advancing technology and solutions at an exponential rate. LMFAO if you think all they are is a car company.
TSLA is quickly becoming a meme for this reason lol. Congrats to those who bought it. I personally don't see the value in it, but I have family members and friends who are making bank off it so I am glad to see it go up.

Plus I do want to see them succeed since we very rarely get to see new car companies emerge and actually become successful.
post 1623556791 11-24-2020, 09:33 AM
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I’m to scared to invest right now. But scared money don’t make no money...
post 1623556811 11-24-2020, 09:33 AM
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where else are rich people going to put their money if everyone knows inflation is going to take place as the government keeps printing billions of dollars.
GAINS, GAINS, More GAINS
post 1623556871 11-24-2020, 09:34 AM
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Originally Posted By Weezy32⏩
Cheapest tesla is a ****ty Model 3 for about $40k out the door the thing looks like glorified honda civic and tbh thats ****ting on honda civic. Only tesla thats worth getting is model s and x imo.

40k out of the door is still alot of money for 95% of people in the USA. I know on misc everyone makes 100k+ a year but in real life people out there are making on average 30-40k a year. Why would they opt for a tesla when they can pick up a brand new toyota or honda for 25k something that is proven and reliable. Gas is cheap so no reason for electric cars to be in huge demand and they are not.
You understand that stock prices are built upon potential in the future right? If you are looking at surface value of Car X vs Car Y and trying to justify the stock prices, then perhaps the market is not for you. Just invest in index funds and reap the benefits over 20-30 years and quit racking your brain on things you dont want to comprehend.

If you are interested/invested in the market and you feel TSLA is over priced (i can certainly see why you could believe so but you havent given any real evidence to show your basis) then what stock are you invested in and why?
post 1623556881 11-24-2020, 09:34 AM
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Originally Posted By rootcon⏩
Peak greed
Originally Posted By dmaaack⏩
Cant wait until all these bubbles pop in our lifetime.
We are fcked.
These
post 1623556931 11-24-2020, 09:34 AM
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massive investors buying back their own stock with free money.
post 1623557071 11-24-2020, 09:36 AM
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Stocks are not a joke if you take advantage of dollar cost averaging. By investing the same amount monthly into the same stock funds, you buy more shares when the price goes down and fewer when the price goes up. I did it from 1993-2017 and built a 7-figure portfolio from 0. That 7-fig portfolio doubled from 2015-2020 with new dollars invested only through Nov. 2017.

Harder to do, but even more efficient is to buy the same number of shares on a consistent basis (weekly/monthly/quarterly) regardless of price.
A democracy is two wolves and a lamb voting on what to have for lunch. And that's why the USA is a constitutional republic and not a democracy.
post 1623557131 11-24-2020, 09:37 AM
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S&P500 inclusion and a Wedbush target of $1000 helps, not to mention the Chinese market, battery development and R&D investment..
Now a swimmer brah (backstroke and medley)

100m back LC: 58.48s
200m IM LC: 2:10.67
post 1623557191 11-24-2020, 09:38 AM
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LOL at people always saying the bubble is going to pop......its the equivalent and just as ridiculous as "2 more weeks"

Will the bubble pop? Yes, there is always ebbs and flows in the market. If "the bubble is going to pop" is your justification of not investing in the market right now and making good returns, then cool.....but please state your time horizon and why you think it will happen at XYZ timing. If not, of course it will pop some day. Its how you adjust that will separate the winners from the losers that play this game.
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