Stock Market is the bottom in?

[bwoods11]

Nvidia up to $163, Palantir just under $140.

 

[PatinPA]

Bought some more Etherium today. It's been steadily climbing since it bottomed out a few months ago. With trumps new EFT he's putting out with truth social, seems it will only go up in the short term at least.

 

[hesseu]

Been gone...too late to jump on the wolf train?! Dropped 20% today. Be interesting to see what happens the rest of this week.

 

[jsasker007]

Buy today and get a 20% discount.

 

[BuckSutherland]

I bought 25 shares of United Health (UNH) in my SEP this morning at $300.

Also have 2,500 shares of SOFI that have finally made some good gains for me. About damn time.

Palantir and Rocket Lab continue to be the all stars in my lineup.

 

[bwoods11]

I timed the low on Cleveland Cliffs, hopefully it gets above $10…

 

[Howboutthemdawgs]

Wolf making that run down to the bottom

 

[jsasker007]

Wolf making that run down to the bottom

Hoping it cycles again like the last time.

 

[jsasker007]

Money maker of the day is ASST for me.

 

[Jordan Selsor]

Crypto market going bonkers this wk!
XRP and DOGE

 

[hunts_with_stick]

I bought coin at its low last year. A great run!

 

[Hoytvectrix]

Crypto market going bonkers this wk!
XRP and DOGE

I think they are all in response to Bitcoin doing well. Don't ask me why. None of any of this makes sense. Maybe just people looking for a hedge against inflation.

I think XRP has amazing long term potential, but I'd be shocked if DOGE is ever anything besides a meme coin for billionaires to pump and dump.

 

[Bowsnbucks]

but I'd be shocked if DOGE is ever anything besides a meme coin for billionaires to pump and dump.

It wouldn't be the first time ultra-rich insiders pulled a pump & dump on the general public. I've listened to Buffet on digital coins. Way too risky & open to digital manipulation. I'll stick with our dividend-paying steady-Eddies at our stage of life. DCA over 40 years has paid off well.

 

[Westwind]

They make me really nervous too. I know people can make a killing but I just can’t do it.

 

[Howboutthemdawgs]

https://twitter.com/x/status/1943746831256621564

Market may freak out initially IF this happens but I believe it’s best in the long run

 

[Hoytvectrix]

I personally see no upside to this. Everybody wants to blame the Fed Chair because they are an easy scapegoat. Say what you want about the Federal Reserve, but the US undeniably has made out better than every other developed nation since COVID. The soft landing was accomplished. The ironic part is that the economy was doing comparatively really well when Trump took office and interest rates haven't fallen because of the snip/snap/snip/snap with the tariffs.

Trump is an absolute control freak and requires complete obedience. If he gets his way and rates are lowered too soon, it's going to cause inflation. That's a temporary problem. The long term issue is that you will no longer have an autonomous entity deciding rates. Confidence in the US economy and the dollar will weaken.

 

[Hoytvectrix]

It wouldn't be the first time ultra-rich insiders pulled a pump & dump on the general public. I've listened to Buffet on digital coins. Way too risky & open to digital manipulation. I'll stick with our dividend-paying steady-Eddies at our stage of life. DCA over 40 years has paid off well.

Buffet has historically preferred to make larger investments in companies that he understood well. Bitcoin is kind of the opposite and it is not at all surprising why he would avoid them.

I think it would be foolish for anybody to go all in on anything crypto related. I sat on the sidelines of Bitcoin for seven years thinking that it had no use as a currency for transactions and it was too speculative. Eventually I realized it's just digital gold that is only getting more rare. I DCA with it just like I do any other retirement account. Even with the historic performance of the equities market in the last 6-7 years, Bitcoin is still proving to be my best investment. There is a reason why almost every major investment fund has been buying some since COVID.

 

[Howboutthemdawgs]

I’m torn on Powell. I think he’s been a walking mistake since Covid. Too late to raise, transitory, cutting because the outlook was inflation was going to drop before the election which came off as overtly political (the fed officials donated $250k to Harris and $15k to Trump this past cycle) not cutting because the tariffs may be inflationary (though the data isn’t supporting that yet).
But…I think trumps rhetoric is foolish and childish. He has a case that rates should be lower certainly but the tactic is stupid, I know shocking. It sets a bad precedent but in this case maybe the ends justify the means.
My view is lower rates and if inflation runs back up raise them. But to keep them high on the chance is too painful for the majority of Americans and our debt. I’m seeing it firsthand. The housing market is dead.

 

[Bill]

The housing market is dead.

Indeed it is. Cape Coral Florida is doing as bad as it was in 2008. Just read that the other day. The retirement communities get hit first. Then it spreads everywhere.

 

[bwoods11]

Indeed it is. Cape Coral Florida is doing as bad as it was in 2008. Just read that the other day. The retirement communities get hit first. Then it spreads everywhere.

Florida is unique in that the insurance market is driving people out. Condos are seeing a huge jump in dues ! I think the market is definitely down in retirement areas.

My wife sells real estate in lake country in Minnesota and she is so busy, I rarely see her . Maybe busiest ever in her career It’s unreal. Lake homes, cabins, lots are still in solid demand.
Another hot type of property is a home with a shed on 5-20 acres (hobby farm) …Insane demand for that type of property!

Even a modest house that’s listed for $175,000 in a small town of 1500 people with get 2-5 offers on it if it’s priced right .