$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ small position...
$E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ small position first im not convinced its can drop so much on almost nothing even the 2022 fall wasnt this bad in a day
though jobs data last week has terrible it doesnt mean recession yet. GDP data is yet to surface and neither is the CPIs. If CPI ticks up then we got a huge issue otherwise this is market overreaction that is slightly justified by how overbought it is but 6% drop in a day cause of this dont make alot of sense as least to me
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razo2 : dude you only see US economic data? seriously? you have to read more tea leaves in the tea farm to understand the tea industry. don't just read your own tea cup, you will die with that cup.
JozeChia OP razo2 : I know there are other factors like the war but I dw say it here. There’s a lot like earnings and all that too tbf I haven’t looked into that yet. But since the pullback seems to be caused mainly by the poor jobs data then i say it here
razo2 JozeChia OP : earnings is already done last week. is all bad bro. do the numbers. it takes less than 5 min to do one to understand what is really happening.
JozeChia OP razo2 : Were they all really bad or were the expectations set to high? Idk but this week still got more big tech companies if I was not wrong
razo2 JozeChia OP : you must be reading the news about the shit they want to feed you. all beat earnings. AI is going to make you trillions. just see QoQ and YoY, plot a bar chart graph and take a good hard look at the graph. some companies earnings don't even want to show you their YoY plot.
you work with upper management you will only see one page of the earnings. you track 3 to 4 points in that one sheet and do a YoY and QoQ plot.
JozeChia OP razo2 : All I saying is, it doesn’t make sense today of all day the market goes down 6%, there was barely any news that could move the markets maybe apart of the potential war. About the earnings portion it’s true the AI is too overhyped but I guess we only can wait for the other big tech and other AI related companies to report earnings before we can say whether this hype is justified. If it is then I don’t see a issue
razo2 JozeChia OP : see the bond market. read more about it. my suggestion read what happened prior 2008.
JozeChia OP razo2 : If you’re talking abt the debt crisis then I understand the US has a shit load of debt and it’s a ticking bomb unless they do something abt it. But here I am going for short term play their ridiculous level of debt has been here since a long time and every year they just raise the ceiling
razo2 JozeChia OP : is not just the debt bro. 2008 who came to save US? if you don't know, it is china. look at today, is china coming to save the US?
you guys are busy laughing at china swapping fish for COVID, while their government is actually going through recession for so many years already.
I guess that fish really makes you guys feel superior.
based on stats a country that goes through depression can come out of it with manufacturing in less than 5 years. who is having the manufacturing in their hands today?
the oil market back in 2022. the Saudi energy minister said be careful when you fly near the sun US, you might get burned. we warned you guys about recession, but fuck, what do we in oil and gas sector know about recession, right? we just cut the supply and watch you guys burn, no hard feelings is just business. have fun driving your electric Ferrari.
JozeChia OP razo2 : Highest likely no. But what can we do sideline the market till they default for all we know they will keep raising the ceiling every year and the headlines repeats again “debt levels high will US default?” But then they raise the ceiling again. honestly no one will know when the US will have to default but that doesn’t mean we don’t take advantage of this volatility
Abt the oil part we again will nvr know whether they will cut supply but again doesn’t mean we don’t take advantage of the volatility and just wait around before that happens
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