I don't travel all that often but it feels like travel rewards are better than cash back? I mean realistically how much can you earn with cash back? Probably not that much. I did apply for one card with 2.5% cash back rate with a $95 annual fee but I don't know if my credit is good enough to get it.
Daniel Peterson
Is there a legitimate explanation for how the s&p 500 went from -4% to -1.7% in less than an hour before closing? Like without the feds meme.
Ryan Roberts
Did they pump at the end of the day to liquidate shorts and scare other people shorting before a big drop Monday?
Alexander Evans
Why sell SPXU as opposed to buy SPXS?
Get rid of that annual fee. I get 3% on gas and 2% on other shit, and you'd be surprised how quick it adds up. It won't make you rich, but if you don't travel, there is no sense in getting travel miles.
Xavier Barnes
hey man.... you ever been to Russia? The Ruskies are pretty fucking cool. They're like white niggers.
I mean 15 years down the road. I'd expect to double my investment twice. I just don't anticipate being able to do it on the back of fossil fuel when every hybrid/electric vehicle is literally demand leaving the market place. Yes oil and natural gas will be around 15 years from now, but our extraction methods and delivery systems are getting more efficient... The true nail in the coffin will be energy storage... We don't want average people handling nuclear reactions to power their shit, but it's honestly the holy grail of energy production... Like FFS almost 50 years ago we sent a fucking pair of spacecraft out there... the voyager missions... mother fuckers had batteries that lasted for over a generation. It's like 15 years from now, I just hope me and my gook gf have our health and have happiness.
Levi Cruz
Hope you are ready to baghold those """"cheapies"""" for a decade. We are going into a recession and we will not reach the ATH again for years.
Tyler Lewis
Check my satanic trips by the way.
Ian Ortiz
Well it's not like I'll NEVER travel. Just maybe once a year at most. I couldn't find one with a 2% cashback rewards rate on all other purchases. Just 3% on dining, 2% on grocery, 1% on everything else, and then 5% on rotating categories and 1% on everything else.
Justin Anderson
Did you stop drinking or something? That actually made sense
>Is there a legitimate explanation for how the s&p 500 went from -4% to -1.7% in less than an hour before closing? Yes >Like without the feds meme. No
Brayden Stewart
The only good thing about this other than cheap stocks is the more shares per divvy payout on the way thanks to the virus. So hey it's all good either way.
Levi Wright
nah i've had like 3 scotches and a guiness tall boy... i need to get another one now that you mention it. Nobody ever actually tells me to stop and look at the whole picture. I love taking a second to step back and actually explain shit.
Nathaniel Jenkins
I have to dance around day trade rules especially now that Schwab has given me two passes. Today I was scaling out of SQQQ that I build up the previous 2 days, and scaled into SPXU hoping to dump it at a closing bell plummet but got nervous with that pumping and ultimately sold it for like an $8 profit kek. The GDX and GDXJ are the only things I'm ok with holding over the weekend.
Logan Hill
According to this article, one of the largest firms out there got caught on the wrong side of a short and had their entire position liquidated starting at 3:15
Who knows for sure. Could be large day traders closing short positions because they don't want to gamble over the weekend. Could be large caps buying back their own shares so their stock doesn't look as bad over the weekend. Could be funds operating under the belief that the end of the day is the best time to buy. Could be trump telling his buddies at BlackRock et al to pump the market at the last hour in return for more tax breaks.
Kayden Jackson
This is my theory. Either fed niggers or big money niggers.
Aiden Collins
If you're ready to make that sacrifice then go ahead, the only excuse is if you're trying to capture dividends though, in my opinion.
As for me my money is going into gold, precious metals mining and put options for the next 2 years. THEN I will buy my cheapies.
Jeremiah Stewart
Kek This fag thinks people will pull money out of the stock market
Look at him and L A U G H
Hunter Nelson
If you’ve never had a credit card you might not have any credit. I was in this situation and had to start with a cash-secured credit card until I built up enough good boy points.
It’s been years and now I’ve got A 767 FICO and I still haven’t upgraded... I’m leaning towards cashback since I know I can use cash but I’m not so sure about rewards.
I just want no fees like the other user said.
>he doesn’t know about the Maximum Pain trade
Somehow I’m DOWN on my QYLD position. I think if I had bought the plain QQQ I’d be comfortably green. I’m going to have to look into this thing. It might be no good after all.
I never travel.... There are some out there that let you choose your category to earn extra on, you can pick something you do often. In the end, the point of a credit card is not to earn rewards, its to generate credit and have a line of credit available.
Thats why I hardly come around anymore. A lot of noise around these parts. I love when people disagree with me constructively, I always learn something.
Fair play haha
That's literally my entire strategy lol, did you see the end of the last thread?
Jackson Reed
>bought in and cashed out with almost perfect timing on the SPCE meme >put a stop loss on most of my equities on day 2 of the crash >managed to make a couple K in puts last week >fucked up buying calls on tuesday >now bagholding VOO at < 30 cost basis per share
It’s a little like being in a car as it’s going underwater. The windows are sealed and I can still breathe. I’m just praying we resurface.
Xavier Hernandez
Well yeah, but if I don't earn rewards what's the point of a credit card? I already can build credit using loans.
Justin Parker
This is closest
Whatever is going on isn't actually the fed. The fed is a lazy piece of shit that doesn't do anything except force people to legitize it's imaginary currency
I can't imagine what Trump had to do to get them to cut rates
Luke Howard
I think we all figured you were retarded and delusional
Austin Brown
What was the bond market doing at the time?
Lately the stock market trails the moves of the 10 year
Because some of them have nice patterns on the front and feel better tactitly in my hands, much better than my all plastic debit card. Also everyone told me to get one to raise my credit from 674.
Luke Sanchez
Why are bears so convinced the stock market “should” have been going down at all and that something is wrong because stock was being bought?
It’s a record setting week in volatility. The moves have been very exaggerated. It’s not crazy for the market to turn on a dime right now.
So then, your goal is not the rewards program, like I said. Find one you like and focus on the bigger picture. And mine is shiny dark red, its awesome haha
Jordan Hernandez
Those two things are unrelated. But the risk is that the underlying assets wont pay dividends, and when its 2X leveraged, it takes twice the hit on the way down, and takes more to get back up. Sure, maybe it wont dissolve, but it just stays at $8. If you bought in at $12, even at 20% yeild it would take 2 years from dividends to equal that difference, even if it went back up to $10.
Leveraged products are troublesome, heres an example: Stock A = $100 2X A = $100 Stock A does this: -3% -3 +4 +2 -1 +2 -5 +2 (Total: -2%) Stock A = $97.66 (-2.5%) 2X A = $91.07 (-9%) This is why you dont want to hold leveraged funds long term unless you are really bullish/bearish on its direction.
Sebastian Hughes
There is no objective reason to think the economy is growing for the next six months at least. Every day another major event is getting canceled, every day the supply chain is still broken by china shutting down. There is no way any sane person is investing right now besides the fed.
Juan Carter
Is OPK about to become the next INO ? INO went from $4 to $14 in the past couple weeks after they announced they were going to be testing a Corona vaccine in April, and OPK announced they will start distributing corona test kits next week which already raised the price, should I buy in on Monday in case it gets higher?
Charles Allen
honestly timing is everything... the first $5000 I saved up and invested when I was 19 was in a solar panel company that went from $4 to $17 to $0 and I didn't ever sell even after the bankruptcy... I was young, going to school, chasing broads doing tons of the same shit I'm doing now, but that was a lesson... Timing is key and nothing lasts forever. It literally is just buy low sell high... You have to re-evaluate, accept change, and make adjustments. The market does this for us on its own naturally, but in longer terms... Like from 2010-2020 the trend has been tech... everything is online and if you're not online, you're probably not getting your customers. so it's grown on advertisements and clickbait trends and shit, but honestly what has really changed? Information spreads in ways back in the 2000-2010 decade we could only dream of... like cellphones existed, but you couldn't order new bedroom furniture from your cell phone in 2008 the way you could in 2018.
Jaxon Kelly
heh, this is bretty good and totally innocent. look how satisfied with herself she looks after causing all that sticky liquid to flow all over her hands
Henry Morris
nber.org/cycles/jan08bcdc_memo.html >A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales. A recession begins just after the economy reaches a peak of activity and ends as the economy reaches its trough. Between trough and peak, the economy is in an expansion. Expansion is the normal state of the economy; most recessions are brief and they have been rare in recent decades.
There is your technical definition. We are essentially in a recession already, the impact on growth that corona has had so far has already stretched into the definition of a recession. There is a question of length, but I don't think it will be a trivial task to restore consumer spending and investor confidence to previous levels.
Gavin Lee
Shit is fucking insane lately
Hunter Diaz
Fresh Peter Schiff upload. Haven't listened yet but I can almost guarantee it's a good one. Maximum smug incoming.
I've got just one credit card. All I need. Nothing on it but it does have a decent limit in case something should happen. My score is 785. It's a visa. My bank card (debit) is a mastercard. Figure If I can't pay for something using one or the other then I'm pretty much fucked anyway.
Jackson Russell
So the stock market should just go down in a straight line? Or just go down gradually until the virus situation is solved? We're well off the highs and people still want to put money to work in one of the surest things around.
Since last year people have been taking money out of the market and putting it into money market funds, savings, and bonds. They've been waiting for a pullback, and they know they can't time the bottom. DCAing down after a 10+% decline isn't such a crazy thing. If this isn't 2008, I think it's a damn good idea to be buying individual stocks you've been waiting a year to buy.
Gabriel Sullivan
my bullshit about dividends here
So any new person would be in the clear unless they're able to push millions into dividends?
It's not a get rich quick scheme so maybe that? I see it like this. My money can either sit in my checking or my savings account earning less than inflation on dividends. This way, my money can at least ear more than these bank dividends would give me. If I pick things right, this should be a continued growth on the stock itself anyway so if I do need to cash out I can cash out higher anyway. I will say it like this... You have 50 dollars sitting on your dresser right now. What is it doing for you? It's a resource. Will it be worth what it is now some time down the line? no. Do you need it for savings right now? If no..then look at this way.. You can spend that 50 to make money consistently. Make your money work for you. Even if that only nets you like a dollar at the end of the year....let's put it into perspective... what would it have done sitting on your dresser? What would you have spent it on? Even if you pushed it into your savings account...would the interest on that account beat inflation?
And that is what I am personally chasing. This idea of my money working for me. Having a fat cushion to sit on in my accounts is "rich" but having something that generates money, that is "wealth". That is what I'm after. So many people do these retirement schemes....and while that's good for various structures it just sickens me to a core. Ok good, you've saved up enough money so that you can coast until you die. I hope you don't live longer than projected! So cynical....
Oliver Lopez
We never know if our timing is good or bad until after the fact, unless we are inline with the Tao
Josiah James
I think what happened was the tail wagging the dog. And again, I reference this article:
> market maker gets caught on the wrong side of a VIX trade > They were forced to keep buying VIX as it was going up, causing it to go up more > They finally ran out of time, and got their margin call at 3:10, which they were unable to meet > Their clearing firm then started liquidating their ENTIRE position > This caused the price of the VIX to collapse > The collapse of the VIX caused the automated trading programs to go into buy mode > therefore, S&P jumps, not because anyone thinks things are going to get better, but because the algos saw the drop in VIX and started buying.
Nope it's all up to fate, free will is an illusion.
Julian Howard
For more "tail wagging the dog" see the recent New York Times (Or was it Wall Street Journal?) article on the short gamma trade amplifying recent market moves.
If true it blows my mind that a single retard gambling with VIX options caused a melt up that moved SPX up 2% in an hour.
Logan Ross
That's what the Tao is my friend, "fate" or "the universe" or whatever you want to call it. Free will is the act of fighting fate. By allowing fate to take place, it always will, and so will you.
Colton Lewis
it's literally 1 minute bars... you're literally just putting a fucking mirror up against fucking anything and saying look look look it's the equal but opposite!!!!!
Dominic Diaz
thank you for teaching me my friend... may the Tao bring you and everybody you care about the deams and desires you need.
Julian Peterson
But I think what made this story interesting is that instead of the prices on the S&P driving the VIX, it was the rapid change in the VIX that drove the prices on the S&P
Levi Roberts
>1 (one) market maker getting caught in a short squeeze can literally send the entire market into turmoil due to retarded algo bullshit God this game is so fucking rigged.
holding SPY puts, GM puts, and GLD calls all for 3/13
Dominic Collins
have you looked at volume lately
Brody Kelly
So does a fuckup like this change outcome for monday, or does it just get immediately corrected and has no effect at all? Like without this bullshit we would end at -4%. Which doesn't look good for the next day.
Bentley Sanchez
it's a small retrace and it's just a theory to explain it some of you are such whiny fucks
look at the goddamned 10 year that really sent the market into turmoil.
Parker Myers
If nothing else, it is symptomatic of how dangers of a situation we are in now with the algos and the automated trading.
(this is something that others have been trying to point out for at least the last 5 years).
Our situation now is that a glitch, practically any glitch, can send the machines out of control; and because they trade faster than any human can run to turn them off, they can (and eventually will) cause a massive unnecessary drop in the market, wiping everyone out before they knew what hit them.
For example, if it happened after 3:35 pm (when the circuit breakers are turned off), you could theoretically have a 50% drop in the S&P before anyone knew what hit them.
Tyler Mitchell
I just hate algos and I take every opportunity to shit on them. Not even dumb money, literally brainless money.
Wyatt Hill
Russia betrayed me and my province today. We were cool before. We not cool now.
Eli Barnes
Give cheapies.
Jace Ramirez
>Our situation now is that a glitch, practically any glitch, can send the machines out of control Yeah that's exactly what happened multiple times this year already and likely triggered the actual crash we are still in right now. I remember because I was trading the day that "flash crash" (more like a flash dip) occurred Feb 20th I think and nobody could explain it. Soon enough we were in free fall and the market had to find an excuse, and that excuse was corona.
The algos really drive the market, news is irrelevant, all it takes is some weird algo reaction and the entire stability of the market is gone.
Robert Flores
uhh... more detail? russia is pretty fucking big, but betrayal is a very heavy heart sinking feeling... what private part do you live in?
Luis Brooks
lmao you an albertan or some shit?
Matthew Baker
Ooooh. Spicy.
Christopher Gray
I assume it will go back to normal. Every time we've had a flash crash on individual stocks it has corrected itself right after.
Noah Sanders
How much toe dipping we doing after second big dipy?
