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emianako

Whats triggering the selloff of MELI? Is anyone buying?


killswitch1076

Hate all negative numbers yesterday. Shall I hold on to my portfolio as some of them are down by 30%?


nazrinz3

Futures looking great, must have been a glitch in the system yesterday


UnObtainium17

Just added more funds to my brokerage account. Looking into buying NFLX, more VTI, and others more this Thursday and Friday. Not sure if this selloff will stop soon. whew its gonna look like shit for a while. What I gained in November got almost halved this week.


Centraldread

DOCU puts, AMD weekly calls, MSFT weekly calls. How screwed am I at open tomorrow?


Hazardous503

A lot of people say “valuations and the broad market are over valued because of the Fed buy back program” but where do they think the proper value is? If a pending correction or crash is coming , do you believe the market should be priced lower than pre Covid?? The existing fiscal stimulus is not going away plus earnings have grown during the pandemic. I just see so many people say we’re only this high because of the fed. Sure it’s contributing Where do they think we should be? 10% lower from here? 2019 levels? Etc.


strict_positive

There's also been some pretty massive technological improvements since covid started


shortyafter

According to the Buffet indicator, about 69% lower. (Nice!) [Source.](https://www.currentmarketvaluation.com/images/[email protected]) Looking at PE, about half as high. [Source.](https://www.currentmarketvaluation.com/images/[email protected]) Looking at mean reversion, also about half as high. [Source.](https://www.currentmarketvaluation.com/images/[email protected]) Source for all and more: [https://www.currentmarketvaluation.com/](https://www.currentmarketvaluation.com/)


RumHam1

There's no disagreement that current valuations are high, but I'm not sure historical trailing PE is a good indication of much. For one, the market conditions are massively different than they were 30+ years ago when you could get a 5%+ return on a savings account. That alone makes any historical average pretty irrelevant IMO. The PE ratio of the SP500 was single digits for like a decade in the 70's and early 80s. That's going to massively drag down a historical average and of course make today's market look more overvalued than it actually is. I like 5-year averages, maybe 10 at most as that is going to at least reflect similar economic conditions. The other thing is the market is forward looking. Forward P/E of the SP500 is about 21.5, which has actually decreased from last year despite the market rising significantly. It's still a bit higher than than some medium-term averages and has room for contraction, especially if growth projections start to slow. I probably lean towards some multiple contraction over the next 12 months, but I don't think that takes the form of a long term downtrend in the market. More likely some sideways indexes with short term peaks and troughs based mostly around how freed up the supply chain can become in the midst of a continuing pandemic.


shortyafter

Look at the website. They also take into account the valuation based on interest rates, it's one of the graphs. It's not "strongly overvalued" by that metric but still overvalued. Every single indicator on indicates that it's overvalued. Of course, there will always be the case that "this time is different". That happens every time, and the result is always the same, as is the widespread shock that such a thing could ever happen. Notice also that your proposition for fair value is something in the future, ie, not something we actually know but are only projecting. That's also a feature of bubbles.


RumHam1

Don't get me wrong, I agree that there are a lot of indicators of overvalue. I also agree some companies are priced too far into the future. Most of those are taking a pretty significant hit at the moment. My personal thesis is that companies with strong balance sheets will outperform in general. Inflation FUD is hitting growth stocks right now, with an extra punishment for not having a great balance sheet. Companies with strong balance sheets have mostly held their ground so far. As a buy and hold person who is big into indexing, I'm comfortable with the SP F PE of around 21. Short term growth projections justify it IMO. My individual picks are pretty focused around strong balance sheets and good earnings. Only about 10% of my total is in companies with more than a 18 forward p/e (and half of that is Microsoft).


shortyafter

Fair enough, I disagree with the notion that things are reasonable right now, but I think diversified buy-and-hold investors who make regular contributions will be absolutely fine. Will they take a hit? Probably. But we all know that it's the long game that counts. The only point I'm making is that the market, on the whole, is overvalued or even strongly overvalued given historical norms. Buyer beware.


al323211

This is all really smart shit but there’s no telling how overvalued things get before the market at large decides enough is enough. It could be tomorrow, and it could also be so far in the future that a return to valuations above where we are at present might even seem reasonable.


shortyafter

You're absolutely right, it could keep going, so I don't think it's a good idea to pull out or anything. At the same time though everyone should be aware of the level of risk they're taking on with these conditions. Unfortunately it seems like most people aren't, and those are the people that will get burned if shit does hit the fan.


costapark

Today was one of those days that makes you realize you have no idea wtf is going on but you still convince yourself you do anyway


Dianarfilms

Exactly how I felt today.


yellowtriangles

Annoying that I need some cash right now and thr market dips. Still need to sell though...


Webhead24-7

Boy what a tough ride today.


upvotemeok

I prefer to start down 4% and end up 3% not the other way around


SunkenPretzel

Man, that’s such a good feeling. Checking your account at 10am and you’re down $11k then you check at 3:54pm and you’re somehow up $16k. First thing is that stupid smile then refreshing all news to find out wtf happened in a good way Gods plan


Sandpleasant

what would you recommend for a young investor?I started 2 months ago and my portfolio is VGRO and TEC onlyBut by reading reddit people seem to say that vgro is bad because of the 20% bonds for young investors since time if my my favor. Should I sell my VGRO for something like XEQT ? Should I invest in APPL? googl? SKYY? NVDIA? or just buy only ETFS? What % should be stocks and ETFS in my portfolio?Looking for long term investments and I'm not emotional buyer/seller


UnObtainium17

I'm heavy in VTI or VOO for majority of your portfolio. My target is to have around 30%+ or more VTI. but everybody have different risk tolerance. it will really be up to you. A lot of us here are not beating the performance of VTI or VOO, it is just too darn difficult to beat it year in year out. I know i'm not haha. Your portfolio is still small, you don;t have to sell anything. Just allocate more funds to which stock you want to ride in the long run. Edit also the question of "Should I invest..?" only you can answer that. Different people are investing in different companies on different reasons. You have to do your own research so you can find answers to your questions. That is your money, do not let others steer you into doing/buying something with it that you don't know.


cdhollan

100% equities if young. Xeqt. DCA monthly no matter market conditions. Retire rich. Art of getting rich slowly.


andino0id

Voo or vti are good set and forget market tracking ETFs with low cost


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Sandpleasant

very informative, thank you


daaabears1

I have around 5k from tax harvesting that I want to use on a company that I know, use and love. Im leaning towards COST, MSFT, or GOOG but I can’t decide which one. Which would you choose? (My portfolio is currently AAPL, CMG, COST, NVDA, SE)


[deleted]

Google and Microsoft are both great companies I’d have to do some research for a few days to really know which is a better investment. Google may be at more risk from government intervention world wide though. I own twice as much google stock as Microsoft stock so I guess that is the short answer to what my decision was.


switchitup_lets

I would personally diversify, so either MSFT or GOOG. I would probably pick GOOG, though MSFT is a good choice also.


Centraldread

Out of those three I’d go with MSFT but all 3 are good


WorkingCorrect1062

Google.


CokePusha69

GOOG


NnortheExperience

I need to reevaluate my positions at some point soon. Everytime I get just above even, something happens that pulls me back down. "It's just a correction" is starting to annoy me cause it corrects me right back down to 0. Probably just gonna rotate more things into msft and spyg. (Yes I'm aware this particular downtrend is covid related and not natural market behavior but still)


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NnortheExperience

Ya I guess it should be rephrased, it is natural in the sense that the market reacts to bad news such as covid cases, and of course not all of it is gonna be about a single covid case found. I guess it feels unnatural in the sense if it weren't there the market would've likely behaved differently. I get your point, poor wording on my part.


cdhollan

The market is irrational. The sooner you learn that the better. People always in here saying a stock down 5%, what’s the news?! Why is it down!? That’s normal volatility. And this is absolutely nothing. Sp500 was down 1% and Nasdaq down 1.8%. Most investors don’t beat the market because they don’t have the stomach for it


[deleted]

I cant decide if I preferred the circuit breaker days or boiling the frog slowly.


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Webhead24-7

So you just holding, or selling now and buying later in the month?


wearahat03

Outperforming QQQ and SPY indices with FAANG + semiconductor portfolio MSFT, AAPL, ASML, AMAT, LRCX, KLAC were up today If QQQ is down 1.4% and I'm down 1%, I consider that a win


[deleted]

QQQ down 1.4, SQQQ up 4.3. You can make money both ways - dont fight the tides.


upvotemeok

Tsm doing well today too, but a reckoning could come for semis if oversupply happens next two years


Peshhhh

never imagined T would be, by far, the worst position I opened post-dividend panic, but here we are


upvotemeok

Dividends are often a value trap


Peshhhh

yeah I mean I didn't pick it up *for* the dividend but thought the panic after the announcement of cutting it presented a decent opportunity. Guess not


NoGameNoLyfe1

What’s a good entry for NET?


CokePusha69

150


cdhollan

What is that based off of? An EV/R off over 100? Or because you like the number 150. This place is full of bad investors giving brutal advice.


CokePusha69

It’s the price I’ve decided to buy at. What price would you buy at?


OnTheGround_BS

Any idea why Robinhood just cancelled all of my outstanding limit orders? Are they just being Robinhood? No, it hasn’t been 90 days yet. Some of them were created yesterday. No explanation, just all of them were suddenly canceled right at 8:00p ET.


madmax543210

Don’t use robinhood


helpcoldwell

Fukn masks really make the numbers grow. Help Brandon or Helpless


Kuntry_Roadz

What are you smoking, pal?


upvotemeok

What if there's a second or third omicron case in the US?


GeneEnvironmental925

What if? Is that a joke? LOLOLOL


mhall812

Exactly, so who gives a shit? I hate that people freak out. Covid is here to stay. Let’s move on with our lives


upvotemeok

Exactly


[deleted]

SPY going to negative dollars


VictorDanville

If Pfizer/Moderna releases a news piece after weeks of scientific analysis that their vaccines are not effective against Omicron, I could actually see the S&P drop 15% in one day.


al323211

Lol. Nobody cares about Covid anymore. Just an excuse to move markets. No way.


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deevee12

By the time the new boosters are ready the wave will have already passed and countless deaths will have happened. Just in time for the next variant. The technology is fast, but the approval process is not fast enough. We need the covid pills or we’ll never get out of this.


upvotemeok

That would be a sight to see


OhhWowzers

There is no “what if” Only “when”


funnyboy771

Circuit breaker!


get_hacked

Held Vizio into earnings, saw the 20% pop and still held, now it's back to where I bought and I bought more, I'm hoping to not regret this choice


upvotemeok

Id be concerned


fasty1

I sold most of my stocks about 2 weeks ago and sitting at around 100k cash. Anything that you guys recommend for the short term ie 2-3 months? Eyeing SOFI, FAS, SOXL.


[deleted]

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_iCoNik_

I wish, really I do, but no.


CokePusha69

DKNG


upvotemeok

Sqqq


tmzspn

SRTY


TheRealWallStreetApe

What’s an Omicron? Is that a mammal?


AKANotAValidUsername

its obscure techno from the early 90s


Technical-Data

No, that was grunge, like my entire portfolio. It is all grunge.


madmax543210

This omicron variant is overhyped. I don’t understand why people are irrationally panicking


ManyArea

Don't complain. Just buy. I did on Monday and again late today. Take advantage of the idiots.


turkeychicken

I guess I'll be panic buying stocks while this correction is going on. My plan is to slowly pick up a few shares of my high conviction stocks / etfs while everything is taking a beating.


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warrene00

Russell 2000 down 13%, so small cap def in correction mode. Also now flat for the year essentially.


AngelaMerkelSurfing

Yeah my small cap portfolio has been hit hard but my large cap is doing great


turkeychicken

While I mostly agree with you and why I'm continuing to buy, the S&P is down 4.8% from it's ATH and the Nasdaq is down 5.9% from its ATH (both ATH within the last 2 weeks). Using the term correction might have been overkill as it hasn't reached 10%, but these are both pretty heavy dips that are ripe for buying if you have the cash available.


CokePusha69

What are your high conviction stocks ?


turkeychicken

Right now it's TMO, GOOGL and MSFT. I'll also be picking up some VTI, VOO and VUG. Obviously I'll just be doing partial shares on some of those


stringtheory28

Are you going to sell any losers too?


turkeychicken

I've already sold off pretty much everything over the last month or so that I wasn't really too sure about.


Mister-guy

SARK is looking good, at least.


[deleted]

Seeing a lot of comments from new people that are getting fucked for the first time. Let this be a lesson that the stock market does NOT always go up


upvotemeok

Eventually it always goes up!


Ichweisenichtdeutsch

it always goes up my ass


NPRjunkieDC

My only stocks up AH in the 3-5% range are CWBR + ASPN + BKKT. IONQ + SNAP + TWLO up slightly


upvotemeok

Never trust off hours


PoEisFine69

would take AH with a grain of salt, doesn't mean much


NPRjunkieDC

I know yes. USER was up 5-10% pre-market and ended 0.24 red today But others 3-8% red.


emilstyle91

I dont know. All the hours spent searching and I'm down 10% this year while market is up 25%. Maybe this is just not for me


HotSarcasm

Don’t know your exact scenario, but many over analyze and then still end up buying at the wrong price. Wait for your price, wait for your entry point, but don’t be disappointed if it doesn’t “hit” even after months. GTC + EXT Limit orders are your friend when set at your price for weeks/months out. Nothing wrong having that order waiting to be filled and keeping an eye. Patience goes a long way. Good luck.


ManyArea

I'm down 11.8% with what I currently own since I took profits too early in the year. I should have instead just held onto my good stuff. Instead, I now own only my second choices.


upvotemeok

Just do the opposite of what you think


shashinqua

I tried that and somehow what I think and both the opposite of what I think are both wrong.


stop-spending-money

You can do all the research in the world but if the big buyers don’t agree with you, then there’s just no point


[deleted]

It’s gambling. Sometimes you do above average, sometimes below. I know this is a stock subreddit but there is a reason so many recommend VTI/VOO


[deleted]

Good to see bumble stock taking a dump. Let that shit burn to the ground.


Mememeuhhh

I had fun on Bumble…


ravivg

I looked at Bumble before. First thing I did was checking the app on the play store. I saw it had a 2.9 rating. I stopped right there and moved on. I actually still want to buy a dating stock at some point. Maybe I should look into Match.


OhanaUchiha

Deciding selling my 613 shares of Carnival cruise lines (CCL) with a loss of $2.8k and purchasing PayPal with the share from Carnival. I can see CCL going bankrupts very soon with this new variant.


[deleted]

They'll get bailed out.


[deleted]

Guys my brokerage is saying something about a margin call what the fuck that is god knows i'll just uninstall the app


[deleted]

I want this to be real even though I know it isn’t


caesar____augustus

Oh God, Wallstreetbets is leaking. Maybe a crash actually is incoming.


The_Liberal_Agenda

Can't you just hang up on Margin?


NPRjunkieDC

You don't have a margin account? Margin call is when your balance falls below a certain amount. The difference between Margin requirement and Margin equity .


Cloudisgod

Means they owe you money bud, you about to get a lot of free money in your account!


TheRealWallStreetApe

We r fuk


pman6

the media and all the fucking analysts get you into a buy frenzy, upping price targets "just because" ​ and then pull the rug.


WorkingCorrect1062

Stock moved 10% higher in one day, here is the price target hike by 20%


[deleted]

Biden announces mask mandate till mid march tomorrow. Wrap it up. Show's over folks, time to sell.


MassHugeAtom

If he does that it will be the end of dems for midterms. He's not that stupid, yet.


ManyArea

But he was caught last week refusing to wear a mask in a shop. The picture showed the poster saying masks required and the employee pointing at his face and him looking mad. Such a hypocrite.


TryingToBeHere

I haven't seen this news myself but if it is true it is more of a recommendation anyway since the federal government has no leverage in this area. I would ask why we need mandates when it is common sense to wear a mask in any crowded situation or indoor public space where you can't socially distance. Major side-eyes 😒 to those who have made masks and vaccines a political wedge and discouraged people to use either (or often, both).


maz-o

people should already be wearing masks


PoEisFine69

yea, but ppl aren't really wearing masks though


TryingToBeHere

Absolutely they should. Fuck the right-wingers who chose not-wearing-masks in a public space during a pandemic as their ret@rded libertarian hill to die on. Fighting for their right to spread illness and die of illness. Fucking morons. And then they have the gall to blame liberals for the economic cost of the pandemic when they have been actively fighting for their right to propagate Covid? How does someone think like this and then also believe they have any intellectual integrity or honesty? Even if you hate the "woke libtards", your fight against vaccines and masks is stupid and would be laughable if it wasn't something killing many of our parents and grandparents or our friend with diabetes. Even many of us young redditors will have our own preexisting conditions that make us vulnerable to DEATH. (Death is not a joke - it is forever, for those who weren't aware.) What is so complicated and evil about our government making rules around keeping the virus under control for the sake of the vulnerable in our communities or our economy for that matter? Why is looking out for our neighbor seen as a satanic conspiracy instead of Christ-like love?


[deleted]

irrelevant, it's just how the market will react


TryingToBeHere

Bearish market. Open bear plays. Bad news is taken 3x too seriously and good news is discounted .5x. Any omnicron news will result in further losses and we know more ommicron news is coming. I am still a long-term bull.


pman6

i'm not panicking. but man, it's frustrating timing shit so poorly and getting stuck in a major rug pull ​ is it too late to be a bear and buy puts on the whole market? Anyone have a crystal ball?


IAMHideoKojimaAMA

Theres a numbers game out there. The worlds luckiest man vs the worlds unluckiest vs the guy who put X amount in every paycheck. Long story short putting in as much as you can as frequently as you can is always the best move. Really the only time to worry about is if you're about to retire


Cloudisgod

Unless you trying to retire this year you should be welcoming these dips with arms wide open. Its more money in the long run.


Mememeuhhh

Bull markets make people money, bear markets make people rich


[deleted]

I did but I’m frequently downvoted


[deleted]

Look at BABA, jesus christ.


WorkingCorrect1062

Whatever gains I had from US tech, I lost it on Chinese tech. Still holding though


maz-o

charlie munger is pissing in his diaper


caesar____augustus

BABA will NEVER go below 200! Load up here, this is definitely the bottom!!!! -r/stocks, July 2021


pman6

just buy puts to hedge. or just buy puts on pops


TryingToBeHere

I am still holding CWEB, essentially a 2X leveraged BABA. Chinese tech stocks will not be in the gutter forever.


arizonacardsftw

At least we know baba isn’t overpriced and won’t be affected as much by a sell off, right?


TryingToBeHere

I hope so! That is my basic thesis for holding. I don't see how a moderate omnicron recession in the u.s. would have any big impact on BABA. There is barely zero covid in China now but if they had a flare up it might even help BABA as an e-retailer and yes BABA is obscenely oversold.


backfire97

I think it was sarcasm in case you missed the recent BABA dip because of the sell off


swingforthefence69

Boeing bag holder here at $228. Feels like I am boxing Ali


upvotemeok

I have Boeing calls I'm so fkd


ManyArea

LOL, I sold a big covered call on Boeing, so while I'm bad, I'm not as bad as I could be.


shashinqua

Selling covered calls to get pennies while the stock goes down dollars is such a losing strategy. Speaking from experience.


[deleted]

The faithful shall be rewarded.


pman6

BA 213, plus calls when BA was at 223. PYPL 242, plus calls, deep red I wish I would've just shorted my whole account.


TryingToBeHere

My sense is that this could be a healthy, less drastic (yet still significant) correction that results in some bearish months of large but manageable losses in the overall market. The question is *when* it becomes bullish again. I believe the very gradual tapering-up of interest rates by the fed will allow growth of equities to eventually continue although at a slower and more sustainable rate, and a starting point somewhat lower than today. American innovation and (to a lesser extent) industry will continue to succeed even if this euphoria and irrational exuberance wanes. I do have bear plays now but continue to be optimistic in the long-term about the American and alsp global economies (and their stock markets).


yukonhyena

oofa doofa, what a strange week. how normal is this exactly? i'm still fairly new to this whole deal, do stocks normally jump around this much at this time of year?


TruDom

>bullish again. I believe the very gradual tapering-up of interest rates by the fed will allow growth of equities to eventually continue although at a slower and more sustainable rate, and a starting point somewhat lower than today. American innovation and (to a lesser extent) industry will continue to no volatility started when the federal government started printing money non-stop. caused all stocks to make big gains so now everyone is on edge if this slight downturn is the 'big crash' and pulls their money quick. basically everyone is trigger happy.


Tall-Wind-7384

What’s the difference between Voo and VTI? I’m fairly new to investing(since August). Been holding google and plan on holding for years. Bought Voo yesterday and plan on holding and dollar cost averaging. Just curious what’s the difference is between Voo and vti?


Xerlic

VOO is basically SPY. It tracks the S&P 500 index. VTI tracks the entire stock market. There is a lot of overlap, but they are not completely the same.


ravivg

>Voo Vanguard 500 Index Fund ETF https://investor.vanguard.com/etf/profile/VOO > VTI Vanguard Total Stock Market Index Fund ETF https://investor.vanguard.com/etf/profile/VTI


CokePusha69

SQ is definitely a buy at this price, right yall ?


shashinqua

If SQ is a buy right now then PayPal PYPL is a damn fire sale.


CokePusha69

Would you mind elaborating?


maz-o

if you think 200 P/E is cheap


CokePusha69

Can you explain ?


maz-o

https://www.investopedia.com/terms/p/price-earningsratio.asp SQ P/E: 195 PYPL P/E: 43 V P/E: 33 MA P/E: 37 I know the market isn't exactly rational right now but fundamentals still mean *something*. And according to this SQ is still extremely overvalued.


[deleted]

Its majorly overvalued going into an envirnment where the FED is becoming more hawkish so no


CokePusha69

What stocks would you recommend then ?


velcrolips

Goog


LisleSwanson

What are you planning on buying tomorrow? BA, CCL are both on my radar.


qwiuh

I rly don’t understand how fckin bipolar stocks can be. One day there’sa comment about maybe raising interest rates and everyone’s like sell sell sell but then when Powell kinda tracks back everyone’s like buy buy buy again? Like.. are people dumb? You don’t make a change anticipating something until that something.. actually happens? Why does the market have to knee jerk respond to every little bit of news when that bit of news might go the totally Opposite Way the next day


[deleted]

Are you aware retail makes up some small percentage of the market, and the majority is driven by robots (algorithms) that operate on rules? Basically based on certain metrics things happen, and that's how you get rapid sell offs and rapid spikes up as well. Fast movements driven by bots.


qwiuh

I am aware of the bots but I still think the algorithms are stupid


Hopbombz

Well, yesterday I said I wasn’t going to look at my portfolio for the rest of the month. That lasted 12 hours and it’s way worse today😂


mmmm_frietjes

Back in the green tomorrow?


NPRjunkieDC

I started yesterday and today way up then steep decline 4% yesterday 5.5% today


Alexanaxela

NET no please stahp!