U.S. stocks in free fall

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
newyorker
Posts: 1635
Joined: Sun May 17, 2020 7:59 am

Re: U.S. stocks in free fall

Post by newyorker »

lostdog wrote: Mon May 23, 2022 5:53 pm Looks like it will be a rough one tomorrow. Hold on tight!
It has always been rough these days
Marseille07
Posts: 16054
Joined: Fri Nov 06, 2020 12:41 pm

Re: U.S. stocks in free fall

Post by Marseille07 »

newyorker wrote: Mon May 23, 2022 6:31 pm
lostdog wrote: Mon May 23, 2022 5:53 pm Looks like it will be a rough one tomorrow. Hold on tight!
It has always been rough these days
Maybe the markets got the memo of Jim Cramer calling for two 100 bps hikes...
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

drk wrote: Mon May 23, 2022 5:23 pm
elderwise wrote: Mon May 23, 2022 4:35 pm What's with FB dropping so much in after hours AH?..
Snap with the Wile E. Coyote effect:
SNAP wrote: Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range. We remain excited about the long-term opportunity to grow our business. Our community continues to grow, and we continue to see strong engagement across Snapchat, and continue to see significant opportunities to grow our average revenue per user over the long term.
And how is FB stock related to snap? Are they a major share holder?

It seems anything is gonna tank techs these days....
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

I also doubt SNAP is causing futures to tank... what do I know.
drk
Posts: 3943
Joined: Mon Jul 24, 2017 10:33 pm

Re: U.S. stocks in free fall

Post by drk »

elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
rockstar
Posts: 6326
Joined: Mon Feb 03, 2020 5:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

elderwise wrote: Mon May 23, 2022 7:14 pm
drk wrote: Mon May 23, 2022 5:23 pm
elderwise wrote: Mon May 23, 2022 4:35 pm What's with FB dropping so much in after hours AH?..
Snap with the Wile E. Coyote effect:
SNAP wrote: Since we issued guidance on April 21, 2022, the macroeconomic environment has deteriorated further and faster than anticipated. As a result, we believe it is likely that we will report revenue and adjusted EBITDA below the low end of our Q2 2022 guidance range. We remain excited about the long-term opportunity to grow our business. Our community continues to grow, and we continue to see strong engagement across Snapchat, and continue to see significant opportunities to grow our average revenue per user over the long term.
And how is FB stock related to snap? Are they a major share holder?

It seems anything is gonna tank techs these days....
Sounds like contagion. But these are big drops, not 5% drops on a miss. Looks like the market has further to drop.
Hola
Posts: 141
Joined: Thu Nov 04, 2021 2:40 pm

Re: U.S. stocks in free fall

Post by Hola »

drk wrote: Mon May 23, 2022 7:20 pm
elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
rockstar
Posts: 6326
Joined: Mon Feb 03, 2020 5:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

Hola wrote: Mon May 23, 2022 8:15 pm
drk wrote: Mon May 23, 2022 7:20 pm
elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
If you're margins are shrinking, then your advertising budget is also shrinking.
drk
Posts: 3943
Joined: Mon Jul 24, 2017 10:33 pm

Re: U.S. stocks in free fall

Post by drk »

Hola wrote: Mon May 23, 2022 8:15 pm You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
If customers are spending less overall, and low-margin goods comprise more of their basket, it doesn't make sense to pay as much to get them in the door.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
strummer6969
Posts: 978
Joined: Tue Dec 15, 2020 10:59 am

Re: U.S. stocks in free fall

Post by strummer6969 »

drk wrote: Mon May 23, 2022 8:43 pm
Hola wrote: Mon May 23, 2022 8:15 pm You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
If customers are spending less overall, and low-margin goods comprise more of their basket, it doesn't make sense to pay as much to get them in the door.
One thing I like about tech & advertising is high profit margins. They have significant room to reduce their ad fees. Out of all the sectors I feel that tech is hit least by high input costs. Sure rate hikes are bad for long-duration, but once we're past rate hikes and normalize to a higher than 2% inflation level, I'd want to be invested in companies with low input costs or inelastic demand. That's my bullish sentiment on tech - not particularly one I'd go all in on but I've been nibbling a little.
Last edited by strummer6969 on Mon May 23, 2022 9:17 pm, edited 1 time in total.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

Hola wrote: Mon May 23, 2022 8:15 pm
drk wrote: Mon May 23, 2022 7:20 pm
elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
Also it's weird but.

If my competitor is withering or losing $ I would think that is a boon or pro point for me..

Not sure why SNAps bad forecast means dark times for FB too unless there is more than what is obvious beneath the surface.
newyorker
Posts: 1635
Joined: Sun May 17, 2020 7:59 am

Re: U.S. stocks in free fall

Post by newyorker »

elderwise wrote: Mon May 23, 2022 9:04 pm
Hola wrote: Mon May 23, 2022 8:15 pm
drk wrote: Mon May 23, 2022 7:20 pm
elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
Also it's weird but.

If my competitor is withering or losing $ I would think that is a boon or pro point for me..

Not sure why SNAps bad forecast means dark times for FB too unless there is more than what is obvious beneath the surface.
Logic just doesnt work in stock market.
Duelnature
Posts: 11
Joined: Fri Jul 02, 2021 7:18 pm

Re: U.S. stocks in free fall

Post by Duelnature »

All this red from SNAP? :shock:
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

Duelnature wrote: Tue May 24, 2022 7:15 am All this red from SNAP? :shock:
snap just snapped our stocks :twisted:
muffins14
Posts: 5528
Joined: Wed Oct 26, 2016 4:14 am
Location: New York

Re: U.S. stocks in free fall

Post by muffins14 »

elderwise wrote: Mon May 23, 2022 9:04 pm
Hola wrote: Mon May 23, 2022 8:15 pm
drk wrote: Mon May 23, 2022 7:20 pm
elderwise wrote: Mon May 23, 2022 7:14 pm And how is FB stock related to snap? Are they a major share holder?
They're direct competitors in the digital advertising business. Bad news for one (e.g., the advertising business has deteriorated way faster than we expected one month ago) is bad news for the other.

Honestly, in hindsight, this news should have been clear given the bad news from retailers last week.
You would think the advertising business would boom if businesses were hurting and needed to increase marketing spend to attract more customers.

Why would ad spend suddenly vanish?
Also it's weird but.

If my competitor is withering or losing $ I would think that is a boon or pro point for me..

Not sure why SNAps bad forecast means dark times for FB too unless there is more than what is obvious beneath the surface.
Probably because it means TikTok is eating all their lunches, not just one of their lunches
Crom laughs at your Four Winds
z3r0c00l
Posts: 3809
Joined: Fri Jul 06, 2012 11:43 am
Location: NYC

Re: U.S. stocks in free fall

Post by z3r0c00l »

Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
70% Global Stocks / 30% Bonds
strummer6969
Posts: 978
Joined: Tue Dec 15, 2020 10:59 am

Re: U.S. stocks in free fall

Post by strummer6969 »

z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
This is a great time for them to do share buybacks.
z3r0c00l
Posts: 3809
Joined: Fri Jul 06, 2012 11:43 am
Location: NYC

Re: U.S. stocks in free fall

Post by z3r0c00l »

strummer6969 wrote: Tue May 24, 2022 8:05 am
z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
This is a great time for them to do share buybacks.
Over $40 billion cash on hand, I would love them to use half of it for buybacks. That plus they could shave 10-15,000 employees.
70% Global Stocks / 30% Bonds
gougou
Posts: 1317
Joined: Thu Sep 28, 2017 7:42 pm

Re: U.S. stocks in free fall

Post by gougou »

z3r0c00l wrote: Tue May 24, 2022 8:12 am
strummer6969 wrote: Tue May 24, 2022 8:05 am
z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
This is a great time for them to do share buybacks.
Over $40 billion cash on hand, I would love them to use half of it for buybacks. That plus they could shave 10-15,000 employees.
10-15k layoff would be a blow to the market. All those people would have no money for spending or for playing the stock market.
The sillier the market’s behavior, the greater the opportunity for the business like investor.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks in free fall

Post by atdharris »

So Meta drops 8% because of Snapchat? And they have a PE of something like 12? Kind of dumb. I already own shares but even I am considering buying a little more.
ClassII
Posts: 643
Joined: Fri May 21, 2021 12:05 pm

Re: U.S. stocks in free fall

Post by ClassII »

atdharris wrote: Tue May 24, 2022 8:33 am So Meta drops 8% because of Snapchat? And they have a PE of something like 12? Kind of dumb. I already own shares but even I am considering buying a little more.
I'm guessing its just because they're basically in the same field (advertising with a side interest in social media). Also perhaps the economic outlook is changing so dynamically that just the time between FB's last earnings and SNAP's is showing rapidly deteriorating data? I don't have the time to look up FB's last earnings call but even if it was a week ago the shear difference in the numbers might be enough to freak the market out considering the theme of the last couple weeks.
homebuyer6426
Posts: 1830
Joined: Tue Feb 07, 2017 8:08 am

Re: U.S. stocks in free fall

Post by homebuyer6426 »

Perhaps today we will officially be in the bear market, unlike Friday's tease.
45% Total Stock Market | 52% Consumer Staples | 3% Short Term Reserves
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
We enter the doors to bear haven II.

And ain't no J Pow to back us up. LORD save us.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks in free fall

Post by atdharris »

ClassII wrote: Tue May 24, 2022 8:39 am
atdharris wrote: Tue May 24, 2022 8:33 am So Meta drops 8% because of Snapchat? And they have a PE of something like 12? Kind of dumb. I already own shares but even I am considering buying a little more.
I'm guessing its just because they're basically in the same field (advertising with a side interest in social media). Also perhaps the economic outlook is changing so dynamically that just the time between FB's last earnings and SNAP's is showing rapidly deteriorating data? I don't have the time to look up FB's last earnings call but even if it was a week ago the shear difference in the numbers might be enough to freak the market out considering the theme of the last couple weeks.
I could see things deteriorating for the smaller players in the space to be sure, but if anything, advertisers will continue buying space on Meta/Google. A 10% drop for Meta today merely because Snap, who is a small player, just seems like an overreaction.
ClassII
Posts: 643
Joined: Fri May 21, 2021 12:05 pm

Re: U.S. stocks in free fall

Post by ClassII »

atdharris wrote: Tue May 24, 2022 8:44 amI could see things deteriorating for the smaller players in the space to be sure, but if anything, advertisers will continue buying space on Meta/Google. A 10% drop for Meta today merely because Snap, who is a small player, just seems like an overreaction.
Fair assessment, of course this being a financial forum there's only one way to literally put your money where your mouth is. :mrgreen:
trirunner
Posts: 216
Joined: Fri Feb 26, 2021 3:14 pm

Re: U.S. stocks in free fall

Post by trirunner »

Falling just like clockwork, you would think people would expect more bad news in this environment and not to trust dead-cat bounces.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks in free fall

Post by atdharris »

homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
Firemenot
Posts: 1497
Joined: Wed Apr 01, 2020 8:48 pm

Re: U.S. stocks in free fall

Post by Firemenot »

atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
So much in this thread about “pump”, “fake”, “bots” and the like — as if nefarious forces are at work. Market is just volatile right now as people trying to get more clarity on what the future holds for earnings.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

Is official bear territory SPx 3800 or 3850?
ClassII
Posts: 643
Joined: Fri May 21, 2021 12:05 pm

Re: U.S. stocks in free fall

Post by ClassII »

atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
In theory there might be a lot of limit orders right at the -20% mark which is causing a lot of buying right when it touches. It might take a while for those buyers to be exhausted and we drop from there.
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

Seems like a great time to have an investment plan.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

elderwise wrote: Tue May 24, 2022 9:13 am Is official bear territory SPx 3800 or 3850?
I have it as a close below 3837.25
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
H-Town
Posts: 5905
Joined: Sun Feb 26, 2017 1:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
Why the rush? Just VTI and chill. At least I don't race to the red lights.
Time is the ultimate currency.
z3r0c00l
Posts: 3809
Joined: Fri Jul 06, 2012 11:43 am
Location: NYC

Re: U.S. stocks in free fall

Post by z3r0c00l »

gougou wrote: Tue May 24, 2022 8:30 am
z3r0c00l wrote: Tue May 24, 2022 8:12 am
strummer6969 wrote: Tue May 24, 2022 8:05 am
z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
This is a great time for them to do share buybacks.
Over $40 billion cash on hand, I would love them to use half of it for buybacks. That plus they could shave 10-15,000 employees.
10-15k layoff would be a blow to the market. All those people would have no money for spending or for playing the stock market.
Less than .01% of the US workforce. They will find new jobs and are already pretty wealthy. I am just tired of paying for their $600,000 salaries to run a single social-media web page that isn't all that great looking.
70% Global Stocks / 30% Bonds
gougou
Posts: 1317
Joined: Thu Sep 28, 2017 7:42 pm

Re: U.S. stocks in free fall

Post by gougou »

Wow the 8% drop in GOOG. It’s getting more and more attractive by the day, if it can maintain its earnings. Technical chart still looks awful but I smell some opportunities coming soon.
The sillier the market’s behavior, the greater the opportunity for the business like investor.
Tom_T
Posts: 4836
Joined: Wed Aug 29, 2007 2:33 pm

Re: U.S. stocks in free fall

Post by Tom_T »

TheTimeLord wrote: Tue May 24, 2022 9:17 am
elderwise wrote: Tue May 24, 2022 9:13 am Is official bear territory SPx 3800 or 3850?
I have it as a close below 3837.25
A smart person recently said that a bear market is a process, not a point on a chart.
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

Tom_T wrote: Tue May 24, 2022 9:30 am
TheTimeLord wrote: Tue May 24, 2022 9:17 am
elderwise wrote: Tue May 24, 2022 9:13 am Is official bear territory SPx 3800 or 3850?
I have it as a close below 3837.25
A smart person recently said that a bear market is a process, not a point on a chart.
Just answering the question asked, obviously there is no real difference in a 19.9% drop and a 20.1% but as humans we like to give things definitions and names. We also love round numbers.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
muffins14
Posts: 5528
Joined: Wed Oct 26, 2016 4:14 am
Location: New York

Re: U.S. stocks in free fall

Post by muffins14 »

z3r0c00l wrote: Tue May 24, 2022 9:19 am
gougou wrote: Tue May 24, 2022 8:30 am
z3r0c00l wrote: Tue May 24, 2022 8:12 am
strummer6969 wrote: Tue May 24, 2022 8:05 am
z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
This is a great time for them to do share buybacks.
Over $40 billion cash on hand, I would love them to use half of it for buybacks. That plus they could shave 10-15,000 employees.
10-15k layoff would be a blow to the market. All those people would have no money for spending or for playing the stock market.
Less than .01% of the US workforce. They will find new jobs and are already pretty wealthy. I am just tired of paying for their $600,000 salaries to run a single social-media web page that isn't all that great looking.
just FYI (which you already know)- Meta runs facebook, which is a collection of many different products for global consumers, public figures, and advertisers, as well as Instagram and What'sApp. It's not like it's just the original FB website with a friends list and comment wall.
Crom laughs at your Four Winds
Tom_T
Posts: 4836
Joined: Wed Aug 29, 2007 2:33 pm

Re: U.S. stocks in free fall

Post by Tom_T »

TheTimeLord wrote: Tue May 24, 2022 9:34 am
Tom_T wrote: Tue May 24, 2022 9:30 am
TheTimeLord wrote: Tue May 24, 2022 9:17 am
elderwise wrote: Tue May 24, 2022 9:13 am Is official bear territory SPx 3800 or 3850?
I have it as a close below 3837.25
A smart person recently said that a bear market is a process, not a point on a chart.
Just answering the question asked, obviously there is no real difference in a 19.9% drop and a 20.1% but as humans we like to give things definitions and names. We also love round numbers.
Ha, true enough.

It's funny because what if it drops to 3837, and the next day it's 3840? Does that mean the bear market is over? :)
rockstar
Posts: 6326
Joined: Mon Feb 03, 2020 5:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
Meta is going the way of MySpace. It's becoming the 8 track of social networks. Old people use it. And Instagram is heading in that direction next.
Duelnature
Posts: 11
Joined: Fri Jul 02, 2021 7:18 pm

Re: U.S. stocks in free fall

Post by Duelnature »

TheTimeLord wrote: Tue May 24, 2022 9:34 am
Just answering the question asked, obviously there is no real difference in a 19.9% drop and a 20.1% but as humans we like to give things definitions and names. We also love round numbers.
I think we humans like to impart meaning and significance, as well. Even to something like random numbers going up and down (mostly down nowadays).
User avatar
peskypesky
Posts: 1023
Joined: Fri Mar 08, 2013 7:56 pm

Re: U.S. stocks in free fall

Post by peskypesky »

atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
I wouldn't complain. We're heading into a recession, and the market is giving people a chance to get out before things get worse. This is far better than a fast crash.
rockstar
Posts: 6326
Joined: Mon Feb 03, 2020 5:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

gougou wrote: Tue May 24, 2022 9:27 am Wow the 8% drop in GOOG. It’s getting more and more attractive by the day, if it can maintain its earnings. Technical chart still looks awful but I smell some opportunities coming soon.
It's an advertiser too. But it's revenue stream is more diversified than SNAP and FB.
rockstar
Posts: 6326
Joined: Mon Feb 03, 2020 5:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

peskypesky wrote: Tue May 24, 2022 9:52 am
atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
I wouldn't complain. We're heading into a recession, and the market is giving people a chance to get out before things get worse. This is far better than a fast crash.
No. This is worse since you have no idea when it ends. I much prefer a quick drop and quick rebound, rather than a slow grind down.
trirunner
Posts: 216
Joined: Fri Feb 26, 2021 3:14 pm

Re: U.S. stocks in free fall

Post by trirunner »

peskypesky wrote: Tue May 24, 2022 9:52 am
atdharris wrote: Tue May 24, 2022 8:50 am
homebuyer6426 wrote: Tue May 24, 2022 8:43 am Perhaps today we will officially be in the bear market, unlike Friday's tease.
Yes. I am growing tired of these fake bounces each time the S&P approaches -20%. Just get us to the bear market already
I wouldn't complain. We're heading into a recession, and the market is giving people a chance to get out before things get worse. This is far better than a fast crash.
I rather have a fast severe crash like 2020, even if recovery is long.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

I think there is a huge proverbial wall of buy limit at spx -20.5 or 21, once we breach 23% down we go down down fast and furious style.

Then we won't have any bargain dip buyers..this feels worse than 2020.. as we sorta kinda know we are heading into a definite recession.

Hold your horses and your inverse funds :sharebeer
User avatar
peskypesky
Posts: 1023
Joined: Fri Mar 08, 2013 7:56 pm

Re: U.S. stocks in free fall

Post by peskypesky »

rockstar wrote: Tue May 24, 2022 9:51 am
z3r0c00l wrote: Tue May 24, 2022 7:50 am Meta heading for a P/E ratio of 10 : ) This all feels rather silly.
Meta is going the way of MySpace. It's becoming the 8 track of social networks. Old people use it. And Instagram is heading in that direction next.
Although this does seem to be the case, I don't quite understand it. I have yet to find another social network with the functionality of Facebook, where you can make a post with text (as short or as long as you want), a photo (or multiple photos), a video, or links to newspaper and magazine articles, or other people's Faebook posts.

If there is another one that provides that much functionality, I haven't seen it. The others seem so limited to me.
User avatar
TheTimeLord
Posts: 12130
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

Tom_T wrote: Tue May 24, 2022 9:51 am
TheTimeLord wrote: Tue May 24, 2022 9:34 am
Tom_T wrote: Tue May 24, 2022 9:30 am
TheTimeLord wrote: Tue May 24, 2022 9:17 am
elderwise wrote: Tue May 24, 2022 9:13 am Is official bear territory SPx 3800 or 3850?
I have it as a close below 3837.25
A smart person recently said that a bear market is a process, not a point on a chart.
Just answering the question asked, obviously there is no real difference in a 19.9% drop and a 20.1% but as humans we like to give things definitions and names. We also love round numbers.
Ha, true enough.

It's funny because what if it drops to 3837, and the next day it's 3840? Does that mean the bear market is over? :)
To make it more confusing, some definitions require that the 20% decline persists for a period of time like 2 months not just hit the number.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
trirunner
Posts: 216
Joined: Fri Feb 26, 2021 3:14 pm

Re: U.S. stocks in free fall

Post by trirunner »

elderwise wrote: Tue May 24, 2022 9:55 am I think there is a huge proverbial wall of buy limit at spx -20.5 or 21, once we breach 23% down we go down down fast and furious style.

Then we won't have any bargain dip buyers..this feels worse than 2020.. as we sorta kinda know we are heading into a definite recession.

Hold your horses and your inverse funds :sharebeer
When "Buy the [expletive removed by admin LadyGeek] Dip" mentality is a thing of the past, then we will be close to bottoming.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks in free fall

Post by elderwise »

Slow grinding is always worse emotionally vs flash crash like 2010 or 2020..

Feels like 07 before the panic set in..yeah no sub prime crises but too much QE and near zero interest rates may have well pushed us into.
Locked