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Stock market on fire
- Thread Starter Oregonhunter5
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Get out that bear mace! S&P down 21.35% YTD and still has a long way to drop!
The many bubbles haven't even popped yet, with inflation still out of control and cost of living going up, this roll coaster is going down.
The many bubbles haven't even popped yet, with inflation still out of control and cost of living going up, this roll coaster is going down.
They took pretty extreme measures, including bumping key interest rates to ~20%. Our YoY inflation is ~8%, Russia is clocking in around 17%.
Big correction taking place right now. All indexes jumped outside their trendlines during the 2021 COVID recovery fueled by Fed policies. Did it make sense for tech companies to triple, quadruple, or quintuple in value over the course of a year...nope.
S&P500 was 330 prior to COVID. A healthy trendline would have put it around it's average annualized return of 10%, or around 400 in 2022. We shot past that and hit 480 in 18 months.
Congrats if you sold at the top.
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NASDAQ down almost 5%, that's ugly.
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Bitcoin crashing, Binance annouced liquidating margin accounts, several exchanges cut withdrawals today. USDD (another stablecoin pegged to $1) is trying desparately to stay pegged, The other stable coins are shaking as well. UST (another stablecoin) is dead at $0.03 and never recovered from last time.
As you might remember, huge accounts with bitcoin are collateral for loans to leverage dirivatives, bitcoin is bought with USDT (Tether) which is supposed to be backed 1:1 with USD but some huge amount is backed by chinese paper like Evergrande which has defaulted like 100 times in the last several months and the rating agencies dont want to downgrade it because it is holding up this house of cards. So a huge part of the financial industry is held up by nothing, held up by nothing, held up by worthless chinese paper.
Reverse repos at new all time record of $2.2 trillion a day. If 97 major banks find that a reverse repo loan that pays 0.08% annually is better than any other option something isnt right.
The world jenga ponzi financial system is tipping
As you might remember, huge accounts with bitcoin are collateral for loans to leverage dirivatives, bitcoin is bought with USDT (Tether) which is supposed to be backed 1:1 with USD but some huge amount is backed by chinese paper like Evergrande which has defaulted like 100 times in the last several months and the rating agencies dont want to downgrade it because it is holding up this house of cards. So a huge part of the financial industry is held up by nothing, held up by nothing, held up by worthless chinese paper.
Reverse repos at new all time record of $2.2 trillion a day. If 97 major banks find that a reverse repo loan that pays 0.08% annually is better than any other option something isnt right.
The world jenga ponzi financial system is tipping
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Ok, if you guys want to watch the fun. Evergrande is finally getting delisted on Thursday.
Here is the market cap for tether:
https://coinmarketcap.com/currencies/tether/
Starting early April there has been about $11 billion removed from tether to probably take care of liquidations or just get out ahead of the crash. Now everyone knows that Tether isnt backed 1:1 with US dollars like it is supposed to be. Some percentage 50%? 70%? is backed by commercial paper and there might be a whole lot of Evergrande bond's they are using for collateral.
So at some point of this Tether "bank run" they are going to run out of dollars to give out and be left with worthless paper.
Once tether collapses, so does the entire crypto market. The stablecoins are being stressed to the max because everyone is trying to cash out.
Here is the market cap for tether:
https://coinmarketcap.com/currencies/tether/Starting early April there has been about $11 billion removed from tether to probably take care of liquidations or just get out ahead of the crash. Now everyone knows that Tether isnt backed 1:1 with US dollars like it is supposed to be. Some percentage 50%? 70%? is backed by commercial paper and there might be a whole lot of Evergrande bond's they are using for collateral.
So at some point of this Tether "bank run" they are going to run out of dollars to give out and be left with worthless paper.
Once tether collapses, so does the entire crypto market. The stablecoins are being stressed to the max because everyone is trying to cash out.
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My 401ks and IRA are down $70,000 since the new year. $27,000 of that crash was just since last Thursday's close. Let's go, Brandon! 
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Nothing like hearing the fraud right from the horses mouth:
" THE WHOLESALERS ARE PROVIDING INFINITE LIQUIDITY AT THE INSIDE PRICE"
The market makers, in the process if keeping the market liquid (shares alwways availabe to buy or sell) are creating (up to) an infinite number of counterfiet shares at any time based on the price they want. There is no supply and demand that prices anything in the stock market. the market makers can at any time can allow you to buy a counterfiet share at the price they want at any time. If the shares are hard to find, the price would normally (in a legal market) increase until someone wants to sell. In this market, if shares are not available, the market maker creates counterfiets to give you instead at the price that benefits them.
Combine that with internalization of purchases, dark pools, options and every other scheme they have, the stock market is purely fraudulant.
This is what Gensler meant when he said 95% of all trades never reach a lit market.
" THE WHOLESALERS ARE PROVIDING INFINITE LIQUIDITY AT THE INSIDE PRICE"
The market makers, in the process if keeping the market liquid (shares alwways availabe to buy or sell) are creating (up to) an infinite number of counterfiet shares at any time based on the price they want. There is no supply and demand that prices anything in the stock market. the market makers can at any time can allow you to buy a counterfiet share at the price they want at any time. If the shares are hard to find, the price would normally (in a legal market) increase until someone wants to sell. In this market, if shares are not available, the market maker creates counterfiets to give you instead at the price that benefits them.
Combine that with internalization of purchases, dark pools, options and every other scheme they have, the stock market is purely fraudulant.
This is what Gensler meant when he said 95% of all trades never reach a lit market.
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Bim bam botta bing!
I am down $90K YTD
Ouch!
And I do not have any way to put any $ into them to buy while they are low, short of getting a job - which I do not want to do.
*sigh*
I am down $90K YTD
Ouch!
And I do not have any way to put any $ into them to buy while they are low, short of getting a job - which I do not want to do.
*sigh*
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I wonder how the mortgage backed securities are doing? They have to be better than 2008 right? RIGHT?
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That graph is why I am mostly invested in Index Funds - QQQ / SPY etc.
I myself hope the bottom falls out. I got a substantial amount of dry powder waiting for just such an event.
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