Official Stock Market & Economy Thread

[dey know yayo]

diesel- yeap.

 

[dey know yayo]

i'm expecting a big down day today, especially in commercial real estate and financials. big day for SRS and SKF.

 

[dey know yayo]

srs skf faz kllin em. spg vno bxp gs gettin killed as i expected.

 

[rightguard]

what do yall think about the TSP thrift savings plans what accounts do you think are the best

 

[dey know yayo]

stay out of retirement plans and savings plans. gonna kill your wealth.

 

[nicefro]

DOW looks like its about to freefall.

 

[da703trailblaza]

I have a question about call options, that never got a clear answer. Say I buy the $25 SKF calls at ~30 and hold until after expiry. does that mean I know own100 shares at $30 and can sell at market price on Monday? if so that expensive but

 

[dey know yayo]

nicefro- sideways movement till close, another big move down
da703trailblaza- you own the right to buy 100 shares at $25/share. you pay $30 for the contract that allows you to buy 100 shares at that price.

 

[nicefro]

I need to start trading options.

 

[dey know yayo]

i'd short GBP/USD and AUD/USD on strength here. The British Pound is about to go down HARD.

 

[dey know yayo]

i'd short GBP/USD and AUD/USD on strength here. The British Pound is about to go down HARD.

 

[nicefro]

What's a good way to short currency? Especially one against another?

 

[dey know yayo]

trade it in the forex market.

 

[nicefro]

ultrashorts reaching for the stars.

 

[rightguard]

Originally Posted by Dey Know Yayo

stay out of retirement plans and savings plans. gonna kill your wealth.

even if its only 5 percent each pay? i just signed up for it

 

[dey know yayo]

i mean 5% isn't a lot, but that is 5% that is going to lose value.

 

[dey know yayo]

FAZ up almost 10%. insurers getting killed, pru all met hig. commercial real estate getting hit, spg vno bxp. financials getting hit, gs jpm bac. commoditiesreallllly getting hit.

 

[andre3001]

How high to SKF and SRS go? Just wondering when/ if to sell . Up about 16 % so far though

 

[dey know yayo]

skf to 170+, srs to 130+. sell when mkt buonces at november lows, wherever the ultrashorts are

 

[nicefro]

I'll probably sell ultrashorts around DOW 7,650.

 

[andre3001]

Nice, gonna put another 5k into each. Saving up for a trip to Europe.

 

[joe mcknight is ballin]

making a healthy profit on faz since last week.

 

[dey know yayo]

GS getting demolished.

 

[nicefro]

You seen citigroup?

*%%!#!+%% neck slash*

 

[nicefro]

up, up and away.

i think we'll see dow 8k or less by friday.