Thread: What a rally

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  1. #1
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    What a rally

    I'm not sure it will last but that was quite the rally.

  2. Member tcesni's Avatar
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    #2
    2018 Ranger RT188 SC Black/115 hp Yamaha SHO 4-stroke; Garmin LVS34/Ultrex Quest - SML
    2018 Ranger RT188 DC Black/115 hp Merc Pro XS 4-stroke; Garmin LVS34 - Ontario
    14' Mirrorcraft tin boat (ancient) with a 9.9 Mercury 4-stroke, no electronics; catches fish anyway

  3. idbefishing
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    #3
    Yes sir! SPX moved 213 pts today.

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    #4
    Sold 210k worth of stock today…getting ready for the next fire sale!

  5. Stocks/Investments Moderator boneil's Avatar
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    #5
    Could be the beginning of the Santa Claus rally.
    They're eating the Penguins, they're eating the seals...

  6. idbefishing
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    #6
    Quote Originally Posted by boneil View Post
    Could be the beginning of the Santa Claus rally.
    Santa is broke these days.

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    #7
    Quote Originally Posted by idbefishing View Post
    Santa is broke these days.
    Rumor is he is going to layoff Rudolph…times are tuff.

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    #8
    Unsustainable and really ridiculous. I’ll patiently wait for my entry when there’s blood in the streets and VIX is spiking uncontrollably. Until then, I have no faith in this market that will pull the rug from under you and leave you holding the bag.

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    #9
    Quote Originally Posted by ETexBasscat View Post
    Unsustainable and really ridiculous. I’ll patiently wait for my entry when there’s blood in the streets and VIX is spiking uncontrollably. Until then, I have no faith in this market that will pull the rug from under you and leave you holding the bag.
    Yeah that is why I said I'm not sure it will last. Sold some covered calls last week because I think it will fade. If we see another drop, then I'm going to start selling cash secured puts again on Home Depot, Dover and Lam Research.

  10. idbefishing
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    #10
    Oh lawdy! He’s gonna use USPS to send presents. Christmas gonna be a huge mess.

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    #11
    Institutional investors are cash flush and sidelines. Once a few numbers post, they're entering bigly.
    The rally is about to start, peons will starve, it's normal. Big money doesn't care about the rest of it.

  12. Stocks/Investments Moderator boneil's Avatar
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    #12
    Santa will be just fine as long as Russian missiles stay in Ukraine
    They're eating the Penguins, they're eating the seals...

  13. idbefishing
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    #13
    I feel like that shit was somebody pulling strings just to drop the market. JP did his best to kill the market yet it still surging. I mean we have had every adverse event in the book happened but CPI, PPI numbers are improving so they had to do something. Hell, that Ukraine pres. was just saying he's ready for peace this morning, now he's calling for "NATO needs to respond".

  14. Stocks/Investments Moderator boneil's Avatar
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    #14
    Sleigh bells ring......are you listening?
    They're eating the Penguins, they're eating the seals...

  15. idbefishing
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    Quote Originally Posted by boneil View Post
    Sleigh bells ring......are you listening?
    Santa prepping the sled for sure.

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    #16
    Wait about 10 days. Congress orders rail workers to stay, they decide to walk anyway.

  17. Stocks/Investments Moderator boneil's Avatar
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    #17
    Quote Originally Posted by TampaJim View Post
    Wait about 10 days. Congress orders rail workers to stay, they decide to walk anyway.

    I think thats a non event. Even if the workers walk away, they'll come back in a few days. The market would discount the event in a few minutes and price in the workers return even quicker.
    They're eating the Penguins, they're eating the seals...

  18. Stocks/Investments Moderator boneil's Avatar
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    #18
    beginning of a new bull market? or a bear market rally? At a really interesting point on the charts. You're either hoping you get dips to buy, or this is the spot to sell and short the market. I guess all that matters is how persistent is inflation.
    They're eating the Penguins, they're eating the seals...

  19. idbefishing
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    #19
    It’s still a day to day market. Can’t have a bias in either directions

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    #20
    Easy Come, Easy Go ... today is Go.