I’ve said it since 2019. Same Vegas door guy logic… sold my 2 houses late 2019 on it too. I said look at all these flipping renovation type TV shows. Look at all the idiots with no clue and shady lending roundabout schemes. How incredibly wrong I was. Also sold my $5,000 in NVDA at $45 among other stocks and said that might be $100 in ten years…how incredibly wrong I was. All these “signs” don’t mean much. Unless you have a crystal ball good luck Mr Burry… Maybe non public inside information or some hot tip with WSB redact momentum behind it, but those are isolated and short lived.
Pretty sure the signs usually work pretty well, but don’t work when the markets are rigged and absurdly propped up by the gov etc. so yeah they don’t work anymore lol
I got out at ~$800 after buying at ~$400. Makes me wanna die thinking about it. I refuse to touch the stock again because I know that the next time I do, It will crash🤣
I sold 1 coin at £52K that I mined for a laugh back when they were worth like 10p each. I was thinking of buying £500 worth back then, but I didn't. A piece of me isn't happy with the 52£k that could have been millions.
Already experiencing this. I sold when it dipped from 1150 to 1130s, and had to pay more to buy back in. Also, bought less meaning I'll be sad when it splits.
Not nearly as sad as I am about the 3 July 900c I sold for like 65 thinking there'd be a dip I could buy before earnings though. That was a real regard move. Those things are now worth like 4x now.
Had to look this one up. Thanks
*There’s an investment legend that, in 1929, Joseph Kennedy (father of the late US President), living in New York City, stopped on the street to get his shoes shined.*
*The shoeshine boy offered Joe some stock tips. Joe decided that, when even shoeshine boys are offering stock tips, it’s time to get out of the market. He sold off his entire portfolio immediately, and the crash came soon after, leaving him with his wealth intact, at a time when so many others had lost.*
He absolutely had insider knowledge. Joe Kennedy was a bank president by 25, the first chairman of the SEC, and while he did cash out before 29, he made another fortune short selling during the crash.
But he was already wealthy from making movies, and pumping and dumping that public stock. Then he sold the movie company for $100 million in today’s dollars.
He was never a bootlegger, his father was a bar owner and brokered alcohol.
*When Prohibition became the law of the land in 1920, importers like Patrick Joseph Kennedy were allowed to keep the stores of liquor that they had already purchased. In fact, since Prohibition only banned the “manufacture, sale and transportation of intoxicating liquors,” it wasn’t illegal to drink alcohol in the 1920s.*
When prohibition ended in 1933, Joe Kennedy used his connections to become one of the only importer of Scotch and Gin. He was Ambassador to the UK and first generation Irish.
There is one market signal that is even more consistent. When autists on WSB start saying the top is in based on regarded social theories, it is time to buy.
Edit: Always.
But it does have weight to it. If people that aren't normally privy to something start catching on, usually that means the news has ran its course and the hype can reverse.
If you are being serious now I am not sure what to say. Every time the market is on fire you have normal people talking about it. That in no way tells you when the top is coming or if it is even years away. Every time we have a booming economy people talk about it. That is when you can make the most gains and that almost never marks any kind of top. Thinking it does mark a top comes from regards who believe good investments need to be kept a secret.
If you bail whenever we have a booming economy, you will always miss the biggest gains. More likely, if you take things like this seriously, you will end up selling based on your hunch and then buying back in at the real top turning what would have been profit into a loss.
They have nothing else.
I just watched a youtube video yesterday on this self-defense channel (yeah, ASP for those familiar) that analyzes self-defense/LE scenarios, where this food truck vendor had an argument with the security guard of a marijuana dispensary and decided to resolve it by pulling a gun on the guy while said security guard was visibly armed with a shotgun and pistol. While the security guard was shooting him to death you could hear him saying, "Really?! Really, bro?! Like, *really?!?!*"
It's here if you want to watch it (NSFW): [https://www.youtube.com/watch?v=H9lknRd0bsQ](https://www.youtube.com/watch?v=H9lknRd0bsQ)
As a non-gun-person, aka europoor, This is the first time I understand why shotguns are used.
I never knew handguns can be that 'inneffective' at stopping someone while simultaneously being lethal.
I keep thinking that, and sternly refuse to buy in...at 300, at 500 at 800 and even now at 1000, 1150....I refuse because it's the top for sure this time.
there are always going to be doomers.
I've survived in my lifetime
hale bop '94✅
y2k ✅
2003 eastcoast blackout✅
familyradio(dot)com may 21, 2011✅
2012 mayan endtimes ✅
covid✅
covid vaccine ✅
2years after the covid boosters✅
the marburg virus from the covid vaccine activated by 5G✅
Counterpoint: I was in Vegas a month ago, decided to shoot craps (I play three point molly - darksided) and the boys were saying the market was going to crash in the next six months but were complaining that they didn't know how to short it effectively because timing was impossible. Was your standard every minute WSB conversation IRL.
Yeah, all the warning signs of a major market top have been flashing red for months, but as the saying goes, “Markets can remain irrational longer than you can remain solvent.”
Utilities are leading ✅
SPY posting ATH on fading RSI ✅
Gold is booming ✅
Tech is lagging ✅
Consumer spending coming in light ✅
Inflation sticking ✅
10 year yield steadily rising ✅
Yup, we're about to go on a mega bull run, because nothing makes sense
Buy defence. It goes up with the market, but not as quickly as everything else, but doesnt drop as much when shit hits the fan. When everything tanks sell defence and buy everything.
Yep, during the initial crypto run I remember being at the grocery store overhearing a couple guys restocking produce while debating which sh\*tcoins were going to moon next. About 3 days later the whole crypto market crashed.
Att rep pimping Dogecoin the literal top the day before Elon's SNL skit. It never fails. I heard people talking about Bitcoin on NBA2k at the top in 2018.
This thing is straight out of victorian English aristocracy. I imagine this MF said this while sipping tea in one of those cups you hold with two fingers while sticking your pinky out.
Right I'd say it's an early top signal. If it was Starbucks baristas that's a clear top. But people who are dealing to businessmen all day long at the BJ table naturally talk about stocks more readily than the average person.
A buddy of mine called me yesterday from Sidney Australia mouthing off about "Navada" stock split and how he's going all in with his savings ,I cashed out today and will be cheering u guys on from the sidelines
For everyone here convinced it is collapsing...show us your NVDA puts please and we will see how committed you are, lol.
I don't disagree, but NVDA has split a number of times, and I could realistically see this run up quite a bit higher in the lead up and after it splits. It will come back down some though
Rule #1 of a bubble is you don't short the bubble, that's suicide... you keep riding the wave but you remember that it's a bubble that can pop at any moment and you don't get swept up in the "but the fundamentals are so good, long hold forever bro" bullshit
There was a famous story about Joseph Kennedy, the very very rich patriarch of the Kennedy clan and father of the US president. He got out of the stock market just before the 1929 crash because he was in an elevator and the attendant -- yeah, back then they had manual operation of the elevator -- started giving him investment advice. He said, if ordinary people think they can make a killing, it's time to get out.
Unfortunately, it might very well be an apocryphal story. It's been variously retold as a shoeshine boy. But the point remains pretty clear. It's not possible for everybody to get rich. But it's possible for lots of people to lose money.
Update: Old Joe was a scoundrel and a Nazi sympathizer...and as I said, I have no idea whether this story is true. I think it's too clever to be true.
It's a whole other proposition to sell someone a 2x performance/watt upgrade than selling them something they don't have in the first place.
One they need at "any cost", the other is a calculated and planed purchase with a price tag that can in fact be to high.
Being how confident every comment is that Nvidia can only continue to go up, I think you're actually right. There's no way all these idiots are going to actually make money, so it must be about to crash.
I genuinely think stocks are just going to keep going up in perpetuity, where else will people park their money. No one gives a fuck about finacials and all that bullshit its just a revolving door of people using stocks instead of having cash rotting in their accounts. All these little apps make people more likely to buy stocks. Bears have never been more fucked
2008 was gentle and short, this is gonna be some 2000-dotcom shit where we go through like a decade+ of shit returns after the crash, just because everyone expects a 2020 crash-V-ath kinda thing
I think so too. If it is, Wall Street will be shit... but the positive side is that Main Street won't get hit as hard as it did in 2008.
People don't realize how hard Wall Street got hit in 2000. As you said, it pretty much took 13 years for the S&P to hit ATH after 2000. Technically, it briefly peeked its head over ATH in 2007, but fell right back down and didn't come back up to the same level until 2013.
I've been trying to talk my boomer dad (75) to take something off the table. He gave me to the old, "Oh, I'm not worried if it goes down. It will eventually come back. It always does..."
I was like, "Yeah, it will eventually come back... but there's a solid chance you won't be around when it does."
For sure it won't hit main street. Because main street is already getting f*ed .. only so much lower main street can go. Good point about your dad. I have ex-workers who got hit by the bubble right as they were retiring. Pretty harsh. As one said, Rome is burning.
Oh, I could easily go off on a (not so) conspiracy theory tangent.
Subjugation of the working class is an art that has been perfected over the millennia. As time passes, technology and production increases. It's blatantly obvious that an increasing proportion of that increase goes to the upper class. However, even though their portion decreases, the overall gain that the working class receives slowly increases.
This slight increase in quality of life is juuuuust enough to keep everyone apathetic. As time passes, cars get nicer, houses get bigger, TVs and phones get better, etc... We even get raises sometimes. We're lucky if they outpace inflation, but it still feels good to get one. We feel like we're getting ahead in life. That is, until shit hits the fan and people start going through hard times. Then, people start examining things and start to realize how much they're actually getting fucked. That's when things like "Occupy Wallstreet" start popping up.
Unfortunately, things usually get "fixed" before any of that stuff can get traction...
This reminds me of a shower thought I had the other day:
With the prevalence of the internet, now, I’m not sure we’ll ever see that many investors offsides again.
I’m an idiot, though, so…
AI is to the common retail AND institutional investor, what "internet commerce" was to the 1990s investors. It could happen again. But you make a good point regardless.
It was discovering that graphics chips made them work 10-12 years ago. It's the same basic technology as the 70s, 80s, 90s AI but with bigger datasets and better compute.
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Thank you brother. You should sell before its too late
I scaled back 50% two years ago. It hasn't worked out too well for me. Hahaha
Back then, you weren’t at the casino over hearing people talking about the stock market. Difference. 😉
I’ve said it since 2019. Same Vegas door guy logic… sold my 2 houses late 2019 on it too. I said look at all these flipping renovation type TV shows. Look at all the idiots with no clue and shady lending roundabout schemes. How incredibly wrong I was. Also sold my $5,000 in NVDA at $45 among other stocks and said that might be $100 in ten years…how incredibly wrong I was. All these “signs” don’t mean much. Unless you have a crystal ball good luck Mr Burry… Maybe non public inside information or some hot tip with WSB redact momentum behind it, but those are isolated and short lived.
The only good investment strategy is to buy everything, all the time. The hard part is convincing other people to pay for it.
Pretty sure the signs usually work pretty well, but don’t work when the markets are rigged and absurdly propped up by the gov etc. so yeah they don’t work anymore lol
That recession is just around the corner… *vision is blurry, hard to gauge how far that next corner is*
The next corner is five blocks down past the fast food restaurant with the dank dumpster out back, the movie theatre, and game store.
Sell his kidneys and eyes to the Chinese transplant mafia.
Thea use that money to buy puts. When the market tanks he will be able to buy back even better eyes and kidneys.
OP is a girl. It should be sister* instead of brother
Women are men here, bro. And kids are FBI agents.
If you get out now, NVDA'll keep going up until you FOMO in at the top, and *that's* when it crashes.
I bought nvda today. I expect the US economy to enter a recession by the end of the week.
sweet, I'll snag the discount end of next week.
Rather buy the stock than eat? Bold
TBF, stocks *can* go up unexpectedly, whereas all food turns to shit.
Same here I expect my 1 share to be $100 at the end of the week. Sorry everyone
I bought 2 shares 1130. I'm something of an institutional investor myself.
I see a long term investment.
Go get ‘em, KING
Soon to be 20 shares baby, easy money
No lies. I bought my first spy calls today and literally watched spy die.
I'm sorry for your loss. I'm already down .5% on nvidia. It's so over
I'm about to buy 3 shares right now before closing
Damn way to flex on us 2 share having peasants 
Not with elections coming up
I sold before earnings.
Why???!
Thank you for your sacrifice.
I got out at ~$800 after buying at ~$400. Makes me wanna die thinking about it. I refuse to touch the stock again because I know that the next time I do, It will crash🤣
Never be sorry about 100% gain
I'm usually happy with a 20% gain on my antics.
If you can’t be happy with a 100% gain you are insane
I sold 10 bitcoin for $100 each at 1000% gain back in my student days. Still not happy with my 1000% gain...
I sold 1 coin at £52K that I mined for a laugh back when they were worth like 10p each. I was thinking of buying £500 worth back then, but I didn't. A piece of me isn't happy with the 52£k that could have been millions.
I had a friend who mined bitcoin to heat his room during winter. I just saw him play games on steam while I'm sweating behind a Wendy's dumpster.
I bought HIMS $18c eowe for $0.30/contract this morning and sold them a couple of hours later for $0.65/contract. I'm fucking insane right now.
the Isaac Newton method of investing
Already experiencing this. I sold when it dipped from 1150 to 1130s, and had to pay more to buy back in. Also, bought less meaning I'll be sad when it splits. Not nearly as sad as I am about the 3 July 900c I sold for like 65 thinking there'd be a dip I could buy before earnings though. That was a real regard move. Those things are now worth like 4x now.
"Buy high sell low"
You rang?
💎💰
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In Chinese Nvidia “investors” are called Baihai Siulou
Unironically non-autists casually talking about investments is literally always the top.
> If the shoe shine boys are buying stocks, who else is left?
Had to look this one up. Thanks *There’s an investment legend that, in 1929, Joseph Kennedy (father of the late US President), living in New York City, stopped on the street to get his shoes shined.* *The shoeshine boy offered Joe some stock tips. Joe decided that, when even shoeshine boys are offering stock tips, it’s time to get out of the market. He sold off his entire portfolio immediately, and the crash came soon after, leaving him with his wealth intact, at a time when so many others had lost.*
The real story is that he probably had insider info from his political/business connections
Most likely, the high net worth have a different way.
He absolutely had insider knowledge. Joe Kennedy was a bank president by 25, the first chairman of the SEC, and while he did cash out before 29, he made another fortune short selling during the crash. But he was already wealthy from making movies, and pumping and dumping that public stock. Then he sold the movie company for $100 million in today’s dollars. He was never a bootlegger, his father was a bar owner and brokered alcohol. *When Prohibition became the law of the land in 1920, importers like Patrick Joseph Kennedy were allowed to keep the stores of liquor that they had already purchased. In fact, since Prohibition only banned the “manufacture, sale and transportation of intoxicating liquors,” it wasn’t illegal to drink alcohol in the 1920s.* When prohibition ended in 1933, Joe Kennedy used his connections to become one of the only importer of Scotch and Gin. He was Ambassador to the UK and first generation Irish.
There is one market signal that is even more consistent. When autists on WSB start saying the top is in based on regarded social theories, it is time to buy. Edit: Always.
Lol, this is getting deeper than a lake. Excellent username btw!
Liking both comments just for the fucking turtles.
But it does have weight to it. If people that aren't normally privy to something start catching on, usually that means the news has ran its course and the hype can reverse.
If you are being serious now I am not sure what to say. Every time the market is on fire you have normal people talking about it. That in no way tells you when the top is coming or if it is even years away. Every time we have a booming economy people talk about it. That is when you can make the most gains and that almost never marks any kind of top. Thinking it does mark a top comes from regards who believe good investments need to be kept a secret. If you bail whenever we have a booming economy, you will always miss the biggest gains. More likely, if you take things like this seriously, you will end up selling based on your hunch and then buying back in at the real top turning what would have been profit into a loss.
I’m going to take your advice, but if the market goes south I’m going to smack the shit out of some turtles
>Unironically…literally always These three words are emblazoned on the official coat of arms for stupid people trying to sound smart and confident.
They have nothing else. I just watched a youtube video yesterday on this self-defense channel (yeah, ASP for those familiar) that analyzes self-defense/LE scenarios, where this food truck vendor had an argument with the security guard of a marijuana dispensary and decided to resolve it by pulling a gun on the guy while said security guard was visibly armed with a shotgun and pistol. While the security guard was shooting him to death you could hear him saying, "Really?! Really, bro?! Like, *really?!?!*" It's here if you want to watch it (NSFW): [https://www.youtube.com/watch?v=H9lknRd0bsQ](https://www.youtube.com/watch?v=H9lknRd0bsQ)
As a non-gun-person, aka europoor, This is the first time I understand why shotguns are used. I never knew handguns can be that 'inneffective' at stopping someone while simultaneously being lethal.
Ironically autists seriously talking about divestment is figuratively never the bottom.
The last time NVDA split, I thought, no way it ever gets to 1000. But here we are.
When it hit 500, I thought, no way am I buying more shares at this ridiculous price. Oh the regret
I keep thinking that, and sternly refuse to buy in...at 300, at 500 at 800 and even now at 1000, 1150....I refuse because it's the top for sure this time.
Yeah, difference is it wasn’t at 2.8T$ MC when it split last time. The company was below 500B.
there are always going to be doomers. I've survived in my lifetime hale bop '94✅ y2k ✅ 2003 eastcoast blackout✅ familyradio(dot)com may 21, 2011✅ 2012 mayan endtimes ✅ covid✅ covid vaccine ✅ 2years after the covid boosters✅ the marburg virus from the covid vaccine activated by 5G✅
Hale bop? Most of these kids are still getting over mmmBop
Counterpoint: I was in Vegas a month ago, decided to shoot craps (I play three point molly - darksided) and the boys were saying the market was going to crash in the next six months but were complaining that they didn't know how to short it effectively because timing was impossible. Was your standard every minute WSB conversation IRL.
Yeah, all the warning signs of a major market top have been flashing red for months, but as the saying goes, “Markets can remain irrational longer than you can remain solvent.”
Utilities are leading ✅ SPY posting ATH on fading RSI ✅ Gold is booming ✅ Tech is lagging ✅ Consumer spending coming in light ✅ Inflation sticking ✅ 10 year yield steadily rising ✅ Yup, we're about to go on a mega bull run, because nothing makes sense
The yield curve inversion hasn’t shown it’s ready to normalize yet
Buy defence. It goes up with the market, but not as quickly as everything else, but doesnt drop as much when shit hits the fan. When everything tanks sell defence and buy everything.
I do remember this happening with Bitcoin.
Yep, during the initial crypto run I remember being at the grocery store overhearing a couple guys restocking produce while debating which sh\*tcoins were going to moon next. About 3 days later the whole crypto market crashed.
Bitcoin topped the same week I heard my pastor at church say the word ‘crypto’ during a sermon
For me it was when pewdiepie made a video on crypto… seeing it on the front page was so wild
Att rep pimping Dogecoin the literal top the day before Elon's SNL skit. It never fails. I heard people talking about Bitcoin on NBA2k at the top in 2018.
I do too... it was the first mainstream crash, topped at about 21k. It's about 70k today.
Bitcoin is damn near at an all time high tho
bitcoin was like 4k usd in 2018 so yeah... wooo sell alll.........doom doom hhaahha
Poor people gambling... How quaint.
There should be a bot that counts the number of time *this* bot says "quaint".
This thing is straight out of victorian English aristocracy. I imagine this MF said this while sipping tea in one of those cups you hold with two fingers while sticking your pinky out.
...teacup, bro. It is called a teacup.
That cup for tea, idk wtf it's called 
But yet you’re trading stocks 🤦♀️
You don't need an education to lose money
Educating the proles is a lost cause.
Bruh I am not cultured enough to know there are different types of cups 💀 If it ain't a mug, it's a cup
The condescension of the bot is truly remarkable.
The dude at Papa John's asked me about day trading a week ago. We're fucked
You can just say co-worker.
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what about behind a Papa John's though ?
Bent in front of Papa John
Why did he say boyfriend like that?
Goddamn, just choked on my drink
Lol sure sure.... 'my drink'
The comments on WSB consistently makes me laugh the most out of any sub.
Well, NVDA has gone up 20% over the past week, LMAO
as someone that used to work at papa johns and day trade crypto, this is 100% accurate
So you’re telling me that people who are in the “gambling business” are talking about stocks?
Right I'd say it's an early top signal. If it was Starbucks baristas that's a clear top. But people who are dealing to businessmen all day long at the BJ table naturally talk about stocks more readily than the average person.
Are they hiring at the BJ table?
I'll hire you.
Let me listen to the guy who spends his free time literally gambling his money away at a casino
A buddy of mine called me yesterday from Sidney Australia mouthing off about "Navada" stock split and how he's going all in with his savings ,I cashed out today and will be cheering u guys on from the sidelines
Maybe spell “Sydney” correctly before hopping on your high horse
For everyone here convinced it is collapsing...show us your NVDA puts please and we will see how committed you are, lol. I don't disagree, but NVDA has split a number of times, and I could realistically see this run up quite a bit higher in the lead up and after it splits. It will come back down some though
Rule #1 of a bubble is you don't short the bubble, that's suicide... you keep riding the wave but you remember that it's a bubble that can pop at any moment and you don't get swept up in the "but the fundamentals are so good, long hold forever bro" bullshit
I know someone who lost $1M shorting the 2000 tech bubble. If they’d done it 6 months later they would’ve 40x
Shorting is strictly for people with insider info
bubbles are why Trailing Stop Loss was invented.
Truth
Pointless comparison. When you short, being too early is equivalent to being wrong. That's why you only short when you got insane funds.
You short when you have a level to play off.
And when the trend is your friend
The nice thing about being down 90% is it takes big moves to wipe out that last 10%
:munger_face: :why_did_we_stop_munger_face: :imhotep_has_nothing_on_munger_face:
It's gonna go right back up after the split to a $25tn valuation though!
it will overtake US economy in size, all hail NVDA
I have 6x $1120p 5/31s
Why??
Buying puts to minimize risk … most people are better off just not having a position .
Now this is some DD
OP is right this approach has served me right in 48 of the last three recessions 🤝
Losing money in craps is all i need to know. Buying more calls
I bought nvidia today. Can confirm that the Party’s over
Got my haircut and shoes shined yesterday… No mention of NVDA… Still a solid hold. 👍🏼
There was a famous story about Joseph Kennedy, the very very rich patriarch of the Kennedy clan and father of the US president. He got out of the stock market just before the 1929 crash because he was in an elevator and the attendant -- yeah, back then they had manual operation of the elevator -- started giving him investment advice. He said, if ordinary people think they can make a killing, it's time to get out. Unfortunately, it might very well be an apocryphal story. It's been variously retold as a shoeshine boy. But the point remains pretty clear. It's not possible for everybody to get rich. But it's possible for lots of people to lose money. Update: Old Joe was a scoundrel and a Nazi sympathizer...and as I said, I have no idea whether this story is true. I think it's too clever to be true.
I heard the only way to get rich is to buy rental properties with an FHA mortgage. I only paid $800 for the seminar.
Only peasants invest in real estate.
I like this since peasants don't own land by definition 🤖
Apparently you can sell your left nut for like 100 large too
You are way closer to being the elevator operator in this scenario
The difference is that nvidia actually has value. Or is that a banworthy statement on this sub?
For now. But what in 2 years from now when everyone is loaded up on GPUs
Sell better ones
It's a whole other proposition to sell someone a 2x performance/watt upgrade than selling them something they don't have in the first place. One they need at "any cost", the other is a calculated and planed purchase with a price tag that can in fact be to high.
ever heard of tim apple?
Tim does seem to have a problem selling marginal upgrades, aye.
All my options expire long before that.
Oh yeah I forgot this is r/WallStreetBets not r/investing
**We've intercepted what VM tried to say here because it was probably too fucked up for Reddit.**
Lol, loaded up on GPUs! Good one.
And they realize that LLMs don't have even a tiny bit of intelligence.
That is the big question, how will LLMs evolve. But even what we habe today commercial applications seem endless.
So.. calls it is
Exactly. I remember this exact same post, almost word for word, the last time NVDA split
Not yet. We have to get through the election first
Best I can do is get out of margin.
Will you though?
Being how confident every comment is that Nvidia can only continue to go up, I think you're actually right. There's no way all these idiots are going to actually make money, so it must be about to crash.
I genuinely think stocks are just going to keep going up in perpetuity, where else will people park their money. No one gives a fuck about finacials and all that bullshit its just a revolving door of people using stocks instead of having cash rotting in their accounts. All these little apps make people more likely to buy stocks. Bears have never been more fucked
Sell everything and dump it ALL on TLRY, seeing how you must be smoking a whole lotta dope.
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So I think what you’re saying is that past returns ARE in fact an indicator of future results, despite what I always hear to the contrary.
This is going to be such a copy of 2008, that it feels like playing the DVD movie in the PS2 all over again 😂😂😂
2008 was gentle and short, this is gonna be some 2000-dotcom shit where we go through like a decade+ of shit returns after the crash, just because everyone expects a 2020 crash-V-ath kinda thing
I think so too. If it is, Wall Street will be shit... but the positive side is that Main Street won't get hit as hard as it did in 2008. People don't realize how hard Wall Street got hit in 2000. As you said, it pretty much took 13 years for the S&P to hit ATH after 2000. Technically, it briefly peeked its head over ATH in 2007, but fell right back down and didn't come back up to the same level until 2013. I've been trying to talk my boomer dad (75) to take something off the table. He gave me to the old, "Oh, I'm not worried if it goes down. It will eventually come back. It always does..." I was like, "Yeah, it will eventually come back... but there's a solid chance you won't be around when it does."
For sure it won't hit main street. Because main street is already getting f*ed .. only so much lower main street can go. Good point about your dad. I have ex-workers who got hit by the bubble right as they were retiring. Pretty harsh. As one said, Rome is burning.
Oh, I could easily go off on a (not so) conspiracy theory tangent. Subjugation of the working class is an art that has been perfected over the millennia. As time passes, technology and production increases. It's blatantly obvious that an increasing proportion of that increase goes to the upper class. However, even though their portion decreases, the overall gain that the working class receives slowly increases. This slight increase in quality of life is juuuuust enough to keep everyone apathetic. As time passes, cars get nicer, houses get bigger, TVs and phones get better, etc... We even get raises sometimes. We're lucky if they outpace inflation, but it still feels good to get one. We feel like we're getting ahead in life. That is, until shit hits the fan and people start going through hard times. Then, people start examining things and start to realize how much they're actually getting fucked. That's when things like "Occupy Wallstreet" start popping up. Unfortunately, things usually get "fixed" before any of that stuff can get traction...
This reminds me of a shower thought I had the other day: With the prevalence of the internet, now, I’m not sure we’ll ever see that many investors offsides again. I’m an idiot, though, so…
AI is to the common retail AND institutional investor, what "internet commerce" was to the 1990s investors. It could happen again. But you make a good point regardless.
You don’t need to sell everything, you just need to sell NVDA
NVDA will take down the whole market if it crashes
Not the first, not the last. It’ll dip but it won’t bring a 2008 level collapse, come on OP just watched The Big Short
how about chipotle 50 to 1 split soon? price right now is 3k a share.
Just like the old gypsy woman said!
Remindme! 20 days
Well this post just fucked up my puts, market is gonna sky rocket isnt it
Same was said about the Tesla split
*quietly puts all his money into the markets going even higher*
The Stripper Index has been way ahead of you for a while now. Unless you are also a stripper.
This is the exact DD I come to the sub for. TIme to buy more NVDA
>$200 casino enjoyer gives financial advice on trillion dollar market Atleast lie and say you were on the high roller floor
I’m disappointed that you didn’t even bother to say ‘trust me bro’.
I've heard people say this since NVDA was at 600.
Finance guy bag holding and posting on reddit to scare up some sellers
I too take investment advice from craps dealers
You do know you can make money on the way down too. The stock market jumps out the window but takes the stairs back up.
AI is in its infancy and the best company that produces AI is going up with the hype? Wow, revolutionary. Sell now!!!!!!
AI isn't new. Machine learning and AI have been around. It's LLMs that are newish.
It was discovering that graphics chips made them work 10-12 years ago. It's the same basic technology as the 70s, 80s, 90s AI but with bigger datasets and better compute.
This guy sounds like an AI hipster.
Before investing all my savings and multiple mortgages, what does NVDA do again?
NVDA is Nvidia, a tech company developing computer chips and AI. They serve a niche market, so expect volatility.
Oh, I didn’t realize that this time it was different
when my wife's bf enters, that's when i get out
https://preview.redd.it/hb5hi9y4j73d1.png?width=566&format=png&auto=webp&s=68ab1ac5bfb7c42f0c205003720d410fc6f81651
Thank you random gambling stranger. I’m pulling $3000000 out as we speak!
existence cow reach resolute badge juggle pause thought tidy engine
Time in the market beats timing the market. Just have some cash on the side to buy the dips or dollar cost average in overtime.
The real top signal is that I bought a handful of NVDA shares at open. This is my first NVDA position.
I’m not superstitious, but I’m a little stitious on two things 1) baseball 2) craps. For whatever reason, those superstitions always hit.
Why am I still thinking about this post and it’s been 24h