OMGAWD......THE DOW IS UP 600 points......

[a kennedy]

And sorry I was the one who started yesterday’s panic topic about the DOWN BEING DOWN 600 points. It does all work itself out eh??

[arlyellowdog]

1. You, like I, should not be a trader, haha

[Squinch]

2. I should be a tool used by short sellers. I buy a stock and it's guaranteed to go down.

[jmbar2]

4. Did you buy anything today?

[arlyellowdog]

6. I have an "old people" Thrift Savings account

I never look at it. I’m just not made for the stock market (nor do I have the money).

[jmbar2]

8. Did you get Green Stamps with that?

yeah, I'm that old too.

[greenjar_01]

3. Haaaaa!

[a kennedy]

16. One of my favorites........

[Warpy]

5. Anybody who tries to predict what a mob will do next

in the short term is asking for trouble, and what's going on the stock market right now is fueled by mob psychology,

It will be hilarious if a company named "Game Stop" that was overhyped by investors on Reddit is what starts a major collapse. Oh, I'll get nailed by it, but I'll still get a laugh out of it. I've always expected it to start in the derivatives casino by a few ridiculously fattened plutocrats who suddenly realize it's all based on air and wishful thinking.

I remember crazy shit like this in 1998 up to the 2000 fiasco, co-irkers giving each other hot tech startup tips. I sat on my hands, which turned out to be the smart thing to do. Who knew? That's the problem with this stuff, nobody knows until it's all over.

I think we're in for a wild couple of weeks. Other than that, dunno. Warnings are certainly out there. They just never mention the time scale, and if they do, they're wrong.

[MyNameGoesHere]

7. Haha hahaha all this ass hattery is hi fucking larious

And fuel for the cult to say how Biden being elected would cause the stock market to be unstable. Isn't that fucking funny? Hahahaha. Seriously. The mayhem cheerleaders need to think for a moment.

[Clash City Rocker]

9. The economy at the start of every presidency mostly reflects the previous presidency

The Trump economy was unstable, with fast rises and equally fast falls. It will stabilize after Joe has had time to make an impact.

Fun fact, the stock market does better under Democrats, historically. Pretty much the entire economy does. Why Republicans always get higher marks on the economy is a mystery.

[former9thward]

17. I assume you are not putting a graph forward to prove your

" fast rises and equally fast falls." theory. I don't remember that. The Dow was around 20,000 four years ago and is around 32,000 now. So there was no "equally" falls which implies the market went nowhere. Google a graph and you will see it went up with minor ups and downs like it usually does. The only major down was the Covid shutdown which certainly was not the market's fault. I don't believe the market cares who is president or what party is in power. It does what it does based on the market and investment decisions of billions of people.

[Disaffected]

10. Ya, a barrel of laughs alright...

BTW, GameStop now down $104 (30%).

[jmbar2]

11. This event is worrisome to me.

Roughly 10 million Robinhooders, and others from other platforms bought into a pyramid scheme. Now they are going to lose their shirts because that's how pyramid schemes work.

Reading some of the posts, a lot were using borrowed money - buying on margin, school loans, their savings accounts. When the dust clears, we will have 10 million broke-ass, pissed off young bagholders.

The brokerages are facing a real dilemma - do you try to slow down the stampede for the exit to get as many out alive as possible, or do you just step back and watch them trample each other to death? I think that's what's behind all the restrictions.

This is a very worrisome event from many angles. Judging by the posts from this crowd, they are ripe for radicalization. I hope that smart influencers will come along soon and explain to them why it didn't make sense, and help them to recover from this debacle.

Start with Tulip Mania.

https://en.wikipedia.org/wiki/Tulip_mania#:~:text=Tulip%20mania%20(Dutch%3A%20tulpenmanie),dramatically%20collapsed%20in%20February%201637.

[FSogol]

12. Ohhh, what did the reddit kids do now?

[PJMcK]

13. The stock market rarely makes sense

When the pandemic hit, my portfolio lost 25%. Two months later it had recovered and advanced 5%! Really, nothing had changed for that kind of swing

Yesterday, while the Dow plunged, I “earned” about $300. I’ll never understand why these things happen but one thing i know is that in the long run, the markets always go up. Ergo, patience is a virtue!

[ananda]

14. This is so weird.

My net worth has gone up, so my dividends are up too.

But I don't expect this to continue.

This kind of manic gotcha trading seems as though it
could cause serious instability at some point.

[Silent3]

15. Personally, I think you should post once for every 10-point change, up or down

I mean, why not?

[Kablooie]

18. All around the carpenters bench ....

etc.

[Maeve]

19. Give you the advice I gave back when I ran a stock watch thread

If you are going to follow the markets closely, buy Tums.

[brooklynite]

20. Know what I did yesterday when the market plunged? Nothing

Know what I did today when the market shot back up? Nothing.

People who respond to each daily jolt probably shouldn’t be investing.