Recent comments in /f/wallstreetbets

canigetahellyeahhhhh t1_ja6wlya wrote

This shit never works, always news reports of big lines outside new novel American franchise, basic bitches want to feel American for a bit, then it fizzles and disappears in 5-10 years. Plus we already have a Wendy's that sells donuts and hotdogs.... I think? Maybe it's dead.

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VisualMod t1_ja6w9cr wrote

>I think buying bitcoin mining stocks before the halving could be a good idea. I know that they tend to follow Bitcoin's price movements, but they have the potential to go up much more than that. Last time around, nobody really knew how high Bitcoin would go, so speculation drove a lot of these stocks up by over 2000%. I plan on buying some calls and losing money every few months until my call is in for the next bull run. It might not happen until 2025, but I don't want to miss out. DYOR.

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Dorktastical t1_ja6vft0 wrote

This chart has been thoroughly debunked.. For starters it conveniently skips the "pivots" that don't cause S&P to go down, like in the 90s, assigns blame to a pivot for the COVID crash rather than COVID, ignores the deep structural issues of the 80s that caused the pivot, and ignores that since 2000 only, has there been an expectation that the fed will bail out the market.

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nocturnaut t1_ja6umrn wrote

This is the level of careful dismantling I love to see. This isn't even picking up pennies in front of a steamroller...more like bending over and showing the fruit basket to a guy driving a steamroller. Good thing that strike doesn't exist as you pointed out.

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VisualMod t1_ja6uk4e wrote

It is true that the majority of bear markets in the past have occurred after the Federal Reserve has raised interest rates. However, it is important to remember that each situation is unique and no one can say for certain what will happen in the future.

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davesmith001 t1_ja6tz5i wrote

It’s a scheme to manipulate stocks. Given the choice of either retire debt or buyback stock, the former saves you 5% interest and prepares for the recession while the latter does nothing except manipulate stocks temporarily, which is another great reason to greatly penalize buybacks.

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dwoj206 t1_ja6txsm wrote

^^^ what he said. From fib studies of my own and experience… first 0.236 is rarely respected except for extremely bullish situations but not worth showing and it doesn’t reflect a significant enough pullback. 0.5 and 0.78 are where you’re going to want to look for healthy pullbacks for entries. When going long, look for levels that are broken, and reverse above, holding support levels is your key. Also, drawing multiple fibs and looking for fib clusters similar to what you have is good to do and signifies a more meaningful support level. Fibs are reliable and far more widely used than drawing subjective lines, so to that end you’re off to a much better start than many. Good book for reading to help you if you like fibs is “Fibonacci Trading” by Boroden. Good luck!

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