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Old Jan 24, 2022, 09:53 AM   #1
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SubCog
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Default Stock market in free-fall

Geez I'm down like $80k in the last 3 weeks. It just keeps going down!

I'm going to go buy a bunch of stocks NOW.
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Old Jan 24, 2022, 10:07 AM   #2
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Crypto has been as well.

There's certainly an argument to be made that the stock market is a inflated. It will always come back down.
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Old Jan 24, 2022, 10:31 AM   #3
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Yeah, it's taking a beating. Figured a correction was due, and the same is due for the housing market. That is seriously inflated right now.

Buy cheap.
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Old Jan 24, 2022, 11:08 AM   #4
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GME is down.... *checks the price since November 23rd when I tried to convince my Mom to buy*

HAHAHAHAHAHAHAHAHA

GME IS ON SALE.
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Old Jan 24, 2022, 11:21 AM   #5
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Getting clobbered.
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Old Jan 24, 2022, 11:36 AM   #6
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Quote:
Originally Posted by AllexxisF1 View Post
GME is down.... *checks the price since November 23rd when I tried to convince my Mom to buy*

HAHAHAHAHAHAHAHAHA

GME IS ON SALE.
It's one of those marked down by 20% after being marked up by 5000% type sales though.
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Old Jan 24, 2022, 11:48 AM   #7
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Originally Posted by Greasy View Post
Yeah, it's taking a beating. Figured a correction was due, and the same is due for the housing market. That is seriously inflated right now.

Buy cheap.
The sooner the housing market crashes the better, it has been in out of control growth for too long and the prices are insane with corporations buying up entire neighborhoods and turning them into permanent rental zones.
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Old Jan 24, 2022, 01:08 PM   #8
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Originally Posted by xCLAVEx View Post
The sooner the housing market crashes the better, it has been in out of control growth for too long and the prices are insane with corporations buying up entire neighborhoods and turning them into permanent rental zones.
I for one hope it doesn't. My house value is increased by 100K in the 2 years when we bought it
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Old Jan 24, 2022, 02:55 PM   #9
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Weeeee! More buying opportunities
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Old Jan 24, 2022, 02:57 PM   #10
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Originally Posted by AllexxisF1 View Post



GME is down.... *checks the price since November 23rd when I tried to convince my Mom to buy*

HAHAHAHAHAHAHAHAHA

GME IS ON SALE.
I will buy back in if it goes down around $40 That's what made me some scratch last time.
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Old Jan 24, 2022, 03:04 PM   #11
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Buddy in LA bought a simple bungalow house for 1.5 million USD so yea prices have to drop. Some buying opportunities will be had for sure but Im still waiting as I think it can still drop.
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Old Jan 24, 2022, 03:13 PM   #12
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What free-fall? All the indices closed in the green! I think only VIX players won today.
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Old Jan 24, 2022, 03:40 PM   #13
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What free-fall? All the indices closed in the green! I think only VIX players won today.
holy shite, what a ride!
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Old Jan 24, 2022, 03:49 PM   #14
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Originally Posted by xCLAVEx View Post
The sooner the housing market crashes the better, it has been in out of control growth for too long and the prices are insane with corporations buying up entire neighborhoods and turning them into permanent rental zones.
There is no way these prices will go on for long. My home has doubled in value since we built it in 2012. That's just insane. Yes, you might say, "why is that bad?". Well if you're going to buy a new home when you sell yours. It's going to cost twice as much too.
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Old Jan 24, 2022, 03:50 PM   #15
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Trying to time the market is extremely hard....best to just stay invested.
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Old Jan 24, 2022, 03:53 PM   #16
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Quote:
Originally Posted by Greasy View Post
There is no way these prices will go on for long. My home has doubled in value since we built it in 2012. That's just insane. Yes, you might say, "why is that bad?". Well if you're going to buy a new home when you sell yours. It's going to cost twice as much too.
I think it depends if you buy in another state. I am sure if i sell me house in NJ i can still buy a nice place in another state for that money
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Old Jan 24, 2022, 04:02 PM   #17
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I think it depends if you buy in another state. I am sure if i sell me house in NJ i can still buy a nice place in another state for that money
Sure, Oklahoma comes to mind.
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Old Jan 24, 2022, 05:57 PM   #18
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Not sure real estate will crash. Still too much investor activity. In SoCal, each home probably gets 5 or more real estate investor offers. Sadly, we are nearing the end of personal home ownership in many high demand areas of the country. Prices today are being 100% driven by investor demand not private homeowners in these areas.
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Old Jan 24, 2022, 07:18 PM   #19
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Hurts for sure, but still not as bad as the covid crash. Market did need a correction, just hoping it's not much lower than what it is now.

The housing market needs a huge correction, but it will never happen.
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Old Jan 24, 2022, 07:55 PM   #20
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Lost quite a lot of Gs past 3 weeks. I really hope fed moves on with their bullshit so that we can also move on with ours.
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Old Jan 24, 2022, 08:34 PM   #21
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Well shoot, looks like I missed my chance. I transferred quite a bit of $$ from my bank to schwab this morning, but it takes 24 hours to go through, and the market basically fully recovered today. Seriously, I lost $30k this morning and made it back this afternoon.

Maybe I'll get lucky and the market will bottom-out tomorrow?
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Old Jan 24, 2022, 08:46 PM   #22
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It’s a long haul slog. Looking at my account there have been 5 mini-corrections like this in the last 6 months. All recovering higher later. If you want to go full day trader may the force be with you.
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Old Jan 24, 2022, 09:28 PM   #23
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I wouldn't go buy crazy until we see what happens with Russia and China in the next few weeks.
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Old Jan 24, 2022, 11:39 PM   #24
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I wouldn't suggest that anyone buy at this point.

All I can think of is how hard a 30,000+ stock market bubble will pop. With big ups comes big downs. And it's usually the small-time investors that get taken to the cleaners.

Once that bubble does pop, then you buy.
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Old Jan 25, 2022, 03:33 AM   #25
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I'm pretty deep negative on AMD right now - they got me good. With the volatility in Ukraine and Taiwan, I would not touch stocks right now. I foresee a bigger crash when the conflict in both areas begin.
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Old Jan 25, 2022, 04:12 AM   #26
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I'm pretty deep negative on AMD right now - they got me good. With the volatility in Ukraine and Taiwan, I would not touch stocks right now. I foresee a bigger crash when the conflict in both areas begin.
Insider military news.
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Old Jan 25, 2022, 06:04 AM   #27
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Insider military news.
Turn the TV on or read a news article
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Old Jan 25, 2022, 05:47 PM   #28
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Turn the TV on or read a news article
Not to get too P&R here but, yeah... The news isn't what I'd call 'good' these days.
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Old Jan 26, 2022, 02:15 PM   #29
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I'm pretty deep negative on AMD right now - they got me good. With the volatility in Ukraine and Taiwan, I would not touch stocks right now. I foresee a bigger crash when the conflict in both areas begin.
I bought my AMD at $1.98, so I think I'm good for now. It's up 55x from where I bought it.
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Old Jan 26, 2022, 03:28 PM   #30
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I bought my AMD at $1.98, so I think I'm good for now. It's up 55x from where I bought it.
Bought mine at 9. I'm a strong hold on that puppy.
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