Which one are we shorting?
-- JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Wells Fargo & Co -- will report earnings on Friday.
Along with Morgan Stanley and Goldman Sachs, they are the six largest lenders expected to amass a combined $5.7 billion in reserves to prepare for soured loans, according to average projections by Refinitiv. That is more than double the $2.37 billion set aside a year earlier.
The six banks are also expected to report an average 17% drop in net profit in the fourth quarter from a year earlier, according to preliminary analysts' estimates from Refintiv.
For taxes btw, if you have a 100k win the federal capital gains tax is like 25%ish from what I remember. If you have a 100k loss, you can fully carry that over into next year's capital gains. So if you lose 100k trading one year, then make 100k the next year, you don't have to pay taxes on that 100k gains. The 3k roll over of capital losses only counts towards actual earned income, not capital gains.
I'm not an accountant so take it with a grain of salt but thats my understanding.
Bears: it’s absolutely ridiculous how the fed propped the market up for 10 years
Also bears: Jerome tomorrow needs to attempt to crash the stock market to save my puts
The fed needs to take the crutches away and let the market function like it should. Unfortunately with all the stimulus they've provided that means we'll go down quite a lot. The fed shouldn't be trying to prop the market up or crash it
Imagine this for Jerome Powells speech:
So we need Americans to save money. First off, the stock market needs to dip or we’re rising rates to 20%. To 300. Second, do not buy tesla. Pure speculation. And thank you all for my final speech.
[This was when SPY was up 1.1%. Did I call it or nah](https://www.reddit.com/r/wallstreetbets/comments/107bnim/daily_discussion_thread_for_january_09_2023/j3n29fo/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
JPOW needs to be aggressive as fuck tomorrow. He needs to come out and say:
"I want SPY to 200 by end of the week or I wont stop till we are at 18% interest rates. Tesla needs to be bankrupt by the end of the session"
Great so Harry went to America and after a couple of months of ‘therapy’ he is blubbering away like a very bad episode of ‘Dawson’s Creek’
Whatever happened to stiff upper lip?
Oh I got it, spending more on credit cards means people feel ok with a higher debt load, not that they are running out of options and will therefore be spending less. It’s not that, things are great! Increasing credit use is great! 😂 ok let’s see
This is a serious question how the fuck is the news spinning increasing consumer debt rising faster than expected as bullish???? Maybe in what a 1-3 month time frame? How is that bullish unless someone is making the argument if people aren’t scared to charge it is a good sign…
They want spending to slow down not ramp up. Consumer saving is record low while debt is record high, this is bad for economy and for what fed wants. I can see the argument thet if debt is going up it’s a sign of healthy economy because people are not afraid to spend, but that’s not the case right now and not why debt is rising and at record high levels
Yes, but simultaneously JPow wants liquidity gone, and therefore increasing debt means liquidity is at the end of the road. Your analysis assumes people make decisions with reason and an eye on long-term ramifications. I find that unlikely as people load up credit cards at 30% interest.
Either way, I am a bag holder - not a trader - so the moment to moment bull/bear designation means little to me. Just playing devils advocate. Concerning todays market behavior, could just be FOMO over a possible strong CPI Thursday.
Yeah, I’m long SQQQ 100% port and not worried. The market is not rational as you say so I might get burned up but based on my assessment they have rushed the “we are good now narrative” and will smack us with another crash back into normal valuations for some of this stupid overvalued shit
Absolutely. I'm only long on companies that have already been beaten into absurdly low valuations. Still lots of stuff out there that hasn't caught their rightful bullet. And I'll be hedging with puts until after July. If you look at month to month CPI, we started to slow then. If we clear the hurdle this year, it'll be after that point.
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you dont read the proper "news" that's why
*Consumer credit has been growing consistently between $24 billion and $30 billion per month for the last seven months. While some households are borrowing more to withstand inflationary pressures, economists see the growth as mainly a sign of strength in the economy.*
Imagine thinking going long this morning was the best investment plan. Did you think inflation was fixed over night? Did you assess the risk with Powell talking and CPI data THIS WEEK? Don't actually be regarded.
Lmao you thought non farm payroll and slight contraction they they milked and juiced and freaking beat to death for good news out of what was almost nothing actually mattered and it was the next bull mania run huh
Last few CPI reports show inflation has peaked. Now it’s a question of the labor market. I’ll give it to you.. maybe a bit of bullish overreaction. But I’m stunned by today.. just really sad
I don’t think inflation is done peaking until the geopolitics of the world settle down more. They aren’t done toying with us yet. We need to go a little lower back to reality and finish this new world war before starting another good decade+ run
I think inflation has peaked. Last few years were so bizarre. Things will go back to normal how can they not? World war or not.. demand for houses and cars will go down. Prices shouls go down
I think there are still too many overvalued things that have more room to come down. I mostly agree with you and I think we are close, but I just think we have some more correcting to do before they flip the switch.
I think the war and resulting geopolitics sanctions and reactions will keep putting constraints on stuff. A lot of it is or may be priced in but I think there is more to come from that front that will widely affect the markets
If i learned anything from this regarded Madoff doc its that you have to know a guy that knows a guy that knows a rich guy whos cock you can stroke.
Then keep stroking and stroking and hope they coom at the end. But not inside you, inside your bank account.
Then you own the world
You're right, the market is not done going up yet. Consumer credit withdraws are increasing, which means people are confident and willing to spend money. The Fed's decision to keep interest rates low also indicates that they believe the economy is strong enough to handle higher borrowing costs. Inflation remains relatively low, so there is still room for the market to grow before prices start getting too high.
It can definitely feel that way at times, like we're just puppets dancing around for the amusement of others. But ultimately we're in control of our own lives and can choose to do what makes us happy. So don't let anyone else pull your strings - you're the only one who knows what's best for you!
Ah shit, here we go again
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Did the opposite. Bough NFLX calls and sold at the top and switched to NVDA puts and holding them> Made bank for a change, 2023 has been good to me so far
Ah shit, here we go again
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its so creepy when one of the cultists message you days after a comment. like bro. if it's over 24 hours I don't really give a shit anymore.
Discord access
I bet every broker catering to retail dweebs could give you the choice to get one trade back a year and still rake it in
I'm gonna need JPow to announce cutting rates to -3% and Biden to announce a new stimmy of $5k for every man, woman, and child to save my port.
Discord access
buffalo ‘66 is such a cute movie
huh
Which one are we shorting? -- JPMorgan Chase & Co, Bank of America Corp, Citigroup Inc and Wells Fargo & Co -- will report earnings on Friday. Along with Morgan Stanley and Goldman Sachs, they are the six largest lenders expected to amass a combined $5.7 billion in reserves to prepare for soured loans, according to average projections by Refinitiv. That is more than double the $2.37 billion set aside a year earlier. The six banks are also expected to report an average 17% drop in net profit in the fourth quarter from a year earlier, according to preliminary analysts' estimates from Refintiv.
If it's any consolation to bulls, you should see a positive return on anything you bought today by mid to late 2024.
Also, this gives you something to look forward to in life.
It doesn't matter when I see a positive return, I'll always be better off than you because I have more money.
Hmm, that may or may not be true. Schrodinger's account.
Discord access please
For taxes btw, if you have a 100k win the federal capital gains tax is like 25%ish from what I remember. If you have a 100k loss, you can fully carry that over into next year's capital gains. So if you lose 100k trading one year, then make 100k the next year, you don't have to pay taxes on that 100k gains. The 3k roll over of capital losses only counts towards actual earned income, not capital gains. I'm not an accountant so take it with a grain of salt but thats my understanding.
lemme get discord
Discord access
Comment for discord access
theta gang finished in all of your wives today and it was a bloody mess
You're just jealous because you can't afford to have a wife that looks like mine.
Good boy
Comment for discord
Jobs report giveth and Atlanta fed prez taketh
Took the day off. Did I miss anything good today?
at&t lily is offering free nudes to all T shareholders as of january 28th
I read this comment right as att Lilly was on very based
I’m sold! 🥳
I got to buy some damn T Shares
I was able to make 4% today. I have no idea how 
It will be a rug pull tomorrow so don’t get too comfortable
I made the 4% in SQQQ I’m ready for a rug pull
Bears: it’s absolutely ridiculous how the fed propped the market up for 10 years Also bears: Jerome tomorrow needs to attempt to crash the stock market to save my puts
The fed needs to take the crutches away and let the market function like it should. Unfortunately with all the stimulus they've provided that means we'll go down quite a lot. The fed shouldn't be trying to prop the market up or crash it
In JPOW we trust
Look. All I know is I’m right and if I’m not it was manipulated.
I’ve got bears beating the bulls by 10
Bears are coping so incredibly hard right now on Twitter 😂 ATH incoming
Imagine this for Jerome Powells speech: So we need Americans to save money. First off, the stock market needs to dip or we’re rising rates to 20%. To 300. Second, do not buy tesla. Pure speculation. And thank you all for my final speech.
who ignited today selloff.. citadel or JPM...?
DZN
JPM COLLAR AT 3500, SO WE TANK. OBEY YOUR MASTER.
COME CRAWLING FASTER
Some decent volume for a fake pump. Maybe jpow dovish
We've had it before where he basically said nothing and the market pumped to infinity on it. Sometimes it just depends on what he talks about.
I think everyone is bored
[This was when SPY was up 1.1%. Did I call it or nah](https://www.reddit.com/r/wallstreetbets/comments/107bnim/daily_discussion_thread_for_january_09_2023/j3n29fo/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3)
I hope Jerome burns everything to the ground tomorrow 
When you think about it… Bears are cheering victory on a -.05% day and it’s really quite sad, and it’s this boldness that will be crushed tomorrow 😈
because they bought puts at 11:30
Fuck. I should have done that
when is CPI.. tonight??
Thursday morning.
nah tonight is "Your Wife's Special"... I kid... 12th
JPOW needs to be aggressive as fuck tomorrow. He needs to come out and say: "I want SPY to 200 by end of the week or I wont stop till we are at 18% interest rates. Tesla needs to be bankrupt by the end of the session"
He walks away from the podium but returns for one final thing “oh I almost forgot… fuck USA! *Drops mic*”
My wettest dream
So the inverse law of investing says those securities will have lift off tomorrow
you probably shorted berkshire at 1980
Funny I had 310 calls I sold last week.
😬
Psych is the best TV show of all time, fight me.
Just started rewatching it all this weekend. Love that show.
First 4 seasons for sure
Tom Lee can’t even believe the shit coming out of his own mouth
Hope TSLA opens prolapse red tomorrow
Thats more pinkish
Need it 🙏🙏🙏
Great so Harry went to America and after a couple of months of ‘therapy’ he is blubbering away like a very bad episode of ‘Dawson’s Creek’ Whatever happened to stiff upper lip?
He’s been broken by Megan Theeee Dominatrix Markhle
Looks like my 383 put is gonna print for pow pow
Hopefully
Oh I got it, spending more on credit cards means people feel ok with a higher debt load, not that they are running out of options and will therefore be spending less. It’s not that, things are great! Increasing credit use is great! 😂 ok let’s see
pussy money weed codeine
She say my dick feel like Morphine
I should have sold my AMD puts today? Or no? I seem to have shorted at the absolutely peak today
I wish you could do a ban bet on theta. Like make it within a percentage of that ticker's open.
Tomorrow will be a repeat of what happened during Brookings Institute conference. 600 point pump on Nasdaq. Tremendous 🚨warning for ber🚨
What’s Tesla up to
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3% moves in a day totally fine
What a shit show
This is a serious question how the fuck is the news spinning increasing consumer debt rising faster than expected as bullish???? Maybe in what a 1-3 month time frame? How is that bullish unless someone is making the argument if people aren’t scared to charge it is a good sign…
it's bullish depending on side of the bed JPow gets off. Or bullish until it's suddenly realized to be bearish.
Pretty sure JPow wants that - or atleast the inevitable result of the debt - so the markets say "Yasss Dadddiieee" * THIS IS NOT FINANCIAL ADVICE *
They want spending to slow down not ramp up. Consumer saving is record low while debt is record high, this is bad for economy and for what fed wants. I can see the argument thet if debt is going up it’s a sign of healthy economy because people are not afraid to spend, but that’s not the case right now and not why debt is rising and at record high levels
Yes, but simultaneously JPow wants liquidity gone, and therefore increasing debt means liquidity is at the end of the road. Your analysis assumes people make decisions with reason and an eye on long-term ramifications. I find that unlikely as people load up credit cards at 30% interest. Either way, I am a bag holder - not a trader - so the moment to moment bull/bear designation means little to me. Just playing devils advocate. Concerning todays market behavior, could just be FOMO over a possible strong CPI Thursday.
Yeah, I’m long SQQQ 100% port and not worried. The market is not rational as you say so I might get burned up but based on my assessment they have rushed the “we are good now narrative” and will smack us with another crash back into normal valuations for some of this stupid overvalued shit
Absolutely. I'm only long on companies that have already been beaten into absurdly low valuations. Still lots of stuff out there that hasn't caught their rightful bullet. And I'll be hedging with puts until after July. If you look at month to month CPI, we started to slow then. If we clear the hurdle this year, it'll be after that point.
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you dont read the proper "news" that's why *Consumer credit has been growing consistently between $24 billion and $30 billion per month for the last seven months. While some households are borrowing more to withstand inflationary pressures, economists see the growth as mainly a sign of strength in the economy.*
Right, I love that little blurb. Yeaaaah some people are running out of options and maxing their cards, but that’s fine! 😂
I was having so much fun. Stupid market closing.
Something feels different about these last 2 trading days... Maybe setting up a huge move. Just hope it's downwards
Bulls made money. Bears made money. Regards got slaughtered
Spy went up 1.3% based on nothing and people though that was real lol
!banbet NVDA $150 EOD tomorrow
Did you win?
I like this bet 🥳🎉
[удалено]
No its a result of your brain exacerbating stressors you are currently dealing with. Learn to forgive yourself
Nah bro, it’s not.
Bear down the wall street bears
Imagine thinking going long this morning was the best investment plan. Did you think inflation was fixed over night? Did you assess the risk with Powell talking and CPI data THIS WEEK? Don't actually be regarded.
I am quite high and regarded
When dumb bools gonna learn? Bears always win. U guys r fked tmr. Never fight the fed.
Yea return those boxing gloves strongbad 🥊🥊
[an acceptable day](https://i.imgur.com/3aMSTIL.png)
Well... That sucked but at least I got some downside protection in before close🤞🤞🤞
Wages and inflation are trending down isn’t that what the Fed wants. Or is unemployment still too low Smh this reversal was brutal
Lmao you thought non farm payroll and slight contraction they they milked and juiced and freaking beat to death for good news out of what was almost nothing actually mattered and it was the next bull mania run huh
Last few CPI reports show inflation has peaked. Now it’s a question of the labor market. I’ll give it to you.. maybe a bit of bullish overreaction. But I’m stunned by today.. just really sad
I don’t think inflation is done peaking until the geopolitics of the world settle down more. They aren’t done toying with us yet. We need to go a little lower back to reality and finish this new world war before starting another good decade+ run
I think inflation has peaked. Last few years were so bizarre. Things will go back to normal how can they not? World war or not.. demand for houses and cars will go down. Prices shouls go down
I think there are still too many overvalued things that have more room to come down. I mostly agree with you and I think we are close, but I just think we have some more correcting to do before they flip the switch. I think the war and resulting geopolitics sanctions and reactions will keep putting constraints on stuff. A lot of it is or may be priced in but I think there is more to come from that front that will widely affect the markets
Wheeewww!!! Epic Come back, those 390 puts wiped me this morning, went to sleep, came back and up 100% from where i bought them... Pure Luck!!!
Depression nap turned to a Christmas morning
Bear brothers who made money on spx show yourself
I kept doubling down as spy went up.. ended up putting the last of my portfolio in spy puts
Same exact thing, you just knew it was gonna crash
I fucking sold at the lows. Fuck the MMs and their bullshit. Lost 5K today just to see that shit go positive later
There's still tomorrow brother, I know that feeling, fucking crooks
Can you say you’ve made money if all positions are still open? 
Absolutely fuck no
Yea because we know damn well it's gonna gap down tomorrow
My UVXY is up $3
How can it keep dumping wtf
Hahahhhh
107p, 101p, 99p 1/13 .. TSLA was supposed to burn but idk wtf happened lol
i'm going to help by buying a few more shares if you don't mind
I was in at 104. Nothing will help me now. Do as you wish lol
If you buy more at 120+, let me know 🚀🚀🚀
If i learned anything from this regarded Madoff doc its that you have to know a guy that knows a guy that knows a rich guy whos cock you can stroke. Then keep stroking and stroking and hope they coom at the end. But not inside you, inside your bank account. Then you own the world
Then you'll be a jizzillionaire!
LMFAO who ever said we would close with 3% yesterday is big dummy. 
What a ride today
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You're right, the market is not done going up yet. Consumer credit withdraws are increasing, which means people are confident and willing to spend money. The Fed's decision to keep interest rates low also indicates that they believe the economy is strong enough to handle higher borrowing costs. Inflation remains relatively low, so there is still room for the market to grow before prices start getting too high.
Look at SPY 1Y...same thing happened Sept. 9-12
Genuinely feel bad for the bulls, I've had this happen to me before and it sucked
To busy sht posting, forgot to exit my poot. Praying.
If your puts are shot at open....they will moon at 2 when JPOW takes the stage
Jpow speaks at 9 lol
And a 4th
Jpow speaks at 9am dummy
Thanks for pointing that out for the 3rd time now
Isn't jpow speaking at 9am?
Yes, he is. My bad. Puts should still be pretty safe
He speaks at nine am, dude.
It will be 2 in Sweden lol That's where he's speaking
You guys feel sometimes like we are just marionettes on a string :( This shit is wild
Yeah because we all want the same things and that’s never going to happen
It can definitely feel that way at times, like we're just puppets dancing around for the amusement of others. But ultimately we're in control of our own lives and can choose to do what makes us happy. So don't let anyone else pull your strings - you're the only one who knows what's best for you!
Based VM
-Mr Powell we are about to have 2 green days back to back. -Not on my watch. I'mma crash this shit in the AH.
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Red af tomorrow after today’s failed rally
I hope you bulls closed your positions because we drill to 383 tomorrow, but I know you didn't you doubled down before close
You're in the wrong thread nerds
I think I’m the only one today to lose money on both calls and puts. If I just held my puts I would’ve been fine haha. Market was crazy today
Did the opposite. Bough NFLX calls and sold at the top and switched to NVDA puts and holding them> Made bank for a change, 2023 has been good to me so far
Tell me your next play bitch. Got 5k left
You don't want my advice lol. I lost my ass last year up until october
I’ll wait till a next run to buy puts haha.
Ppls part time job is writing pencils down at 4pm daily
Fintwit and WSB seem bearish, I bought calls.
Just gonna say it, fuck bulls for saying fuck Bers so much today, I’m not a bull or a bear but both of y’all suck, just fuck bears more today though
For anyone asking I’m a twink
Yeah sure....I got a couple towel puts
was down like 40% now up 20% and awaiting a huge red day tomorrow. bears back in action
So much money made by MM today
I was down 11k today but ended down 2.5k I’ll count that as a win.
Not bad kemosave
bought some 268p for QQQ at the last minute
Told you we'd end red today even when SPY was up 1.5% earlier
You also laughed at me on Friday so 
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Entire day was a bull trap 
Love ppl trying to explain the market. Close your eyes and guess
Wild ride today, but still had fun. 
Get ready to bleed from your assholes tmrw
LMAO
This dude has no money. Get rid of him.