Market Close 9/20
By - fastpath7
Ah explains why all the stocks I own and in my watch list are red
Mine have been red for months, nothing new for me lol
You're doing something wrong if your portfolio has been red for months.
aren't we supposed to buy the dip?
Sounds more like the tip
Careful, may not have fully dropped. Wait for the turn around, then go nuts
Buy the turn around, just for it to dip even more right after
Most small caps have been underperforming for the last 1-2 months, and they always lead.
I would say since February.
My ETFs and equities have been red since March and have not recovered since. I was told they would recover. They're just going down.
True. Russell 2000 peaked in mid-March.
Yeah...I have some green energy stocks who took a massive hit. But it was not only small cap - it was the whole sector.
BABA, JD, TCEHY, GOLD, NTDOY, CRSR, LOGI, VZ are all stocks I hold that just keep going red and redder each day.
yes, this is ok...
Small caps took a hot ever since May...
For real. Past few months were great opportunities for gains haha
Are you sure about that?
SPY, even with today’s dip, is up 4% over the past three months, so, yes.
One day you will see this magical color called green
I think people tend to somehow miss the larger market trends when they are off about their own preferred investments
In celebration of the Chinese holiday. The market decided to make it look like their flag.
Actually in stock market of China, red is color for price up. Green is for price down. I am glad they didn’t use this method for the traffic lights
So I've been in the wrong country this whole time??
Same for japan.
Same in Korea.
I didn’t know that. I only thought because red is color of CCP and also the national flag.
No, it’s because red symbolises luck.
Wait source on that, I'm genuinely interested?
The emojis are source enough. Look at the color / direction.
I always thought that was weird
Damn, this might sound very west-centric and to be clear I find it very neat, but isn't it weird that emojis lean east on this matter?
Considering the history of emojis not really
Lol I totally forgot about that... emotion + kanji = emoji
I don't think it's true. Not on Hang Seng.
You dare imply Hong Kong is not part of China on a message board where Tencent owns 20% shares of?
Hong Kong doesn't want to be part of China lol
Too fucking late for that, the last chance HK had at independence was before the handover. Their fate was sealed when it happened, everything after that was just the struggle of a pig waiting for slaughter.
You have this very backwards lol. China needs Hong Kong, Hong Kong doesn't need China.
20% hmm. That something to worry about?
Im colorblind , can someone tell me what's going on?!
It’s a good day to be colorblind my friend
A whole lot of red, or insert whichever color your eyes perceive it as. It's a major sell off from fear of the Evergrande collapse causing issues for banks and bond investors.
Oh! Everyone is afraid of Ariana Grande , even banks... Ty , i won't listen her music anymore, i hope that will help
Ariana Grande had a prolapse? Any link?
Evergiven grounded on Arianna Grande! Send pics plz!
what a wonderful game of telephone this thread was.
What’s the ticker of the prolapse maker?
In my case it was a partial sell off becauese i want to rebuy after evergrande collapses.
Basically everything is red or down today
Everything is on discount!
Stocks are yellow today.
Everything is green. Sell
The stock market is doing its monthly menstruation
I'm not normally getting fucked during that time though
Maybe a chance to buy something soon at not crazy prices 👍
Underrated comment. Good time to average down folks.
Average down?? My portfolio would need to drop 50% for the average to go down lol…
Yup, I'm buying
Lol. I’m gunna buy the dip but this is not the dip. Anyone who is gambling that this is the bottom with the China situation looming over the world economy is the type of person who thinks they can win in slots.
buy the absolute bottom of the dip if you possibly can. Or average down and buy a couple every time the price is below your cost basis. Aka average down cuz.
Have fun trying to find out when then
I just won a bunch of money at slots in Vegas last night so turn up!
Lol it's gonna take a lot more than one day to get to that my friend
With what money?
yes, but I'll wait a little before jumping on the dip on stocks. I feel the lightning hasn't struck the floor yet.
[S&P 500 by Market Cap](https://chartexchange.com/stocks/)
You’ve probably used it before, but I think Finviz has a way better UI for market-cap mapping
I also use [MiniViz](https://www.miniviz.cf), it looks even better than Finviz on mobile
Oh yeah that looks awesome, thanks
I sold my 450 SPY calls at the bottom today, so rest assured there will be a great reversal tomorrow and off to new highs.
I’m sorry to report there was a reversal almost as soon as you sold if you really did at today’s low.
I did. And yes, it did. It should go up now. Unless i buy more calls. I should be nice though and buy puts, so at least others can do well.
I bought 10 qqq on Friday so sorry guys.
If this doesn’t happen EXACTLY as you state, you will get painful diarrhea.
Shit. And i had falafel for dinner too...
Well at least it wasn’t Indian food
Thank you for your service
My life for the horde
Wall Street's Bloody Monday
It wasn’t even that bad. Hardly a big drop.
It was just the tip today, might be the full shaft tomorrow.
Wait till Wed when HK markets open and the evergrand thing goes full stick
Not that bad... yet..
Wall Street's inaugural Bear Day
You see that spy run up at the end. Gov trying to keep it afloat. Lol
Jpow, hes the man. If no one can do it, Jpow can. BRRRRRRRRRRRRRRRRRRRRR
He can take a break. I’d like my spy puts to print.
*Oh no, what a nightmare!*
I'll pick up some stuff on discount I think.
TIL a 2-5% drop in overpriced stocks is a discount.
Wake me up when we see an actual correction.
Yep now they just need to drop another 60% and then they will be a decent buy.
just a case of the mondays
Looks like someone has a case of the Monday’s.
Any theories why the market lifted by 1% in the last hour of the day? Was that a bottom this afternoon?
Tomorrow holds the answer
I averaged down on a few of my equities. I was probably responsible for like 1 trillionth of that.
Short term value positioning?
Cover short positions?
Billions in cash from sell-off has to land somewhere before the overnight?
Headfake before crushing drop tomorrow?
That was margin calls that went out at 2 pm eastern
pfof brokers that finally pushed their orders through.
don't use pfof services
This is a sea of red, bought some nvda, let see what happen the next 4 day.
I already quite a bit of NVDA, but if it gets to $200 or lower I will consider buying.
Unless you are waiting for it to dip some more, what are you guys looking to get more or buy in this dip?
I'll start. Ima get me some CAT, TSM, VOO
ABCL (which didn't dip; just pretty flat), UUUU and various OTC U miners. Really I'm just planning on sitting back while managing existing options positions and looking for any setups for spreads until SPY is back on track. Rebuying CLF, either as shares again or a 2024 LEAPS, in late October for that tax break as my shares went negative today but I'm still up YTD on that ticker from options. Gives some time to see what steel futures do too.
PINS, TTWO, CP
Buy buy buy
Chinese tomatoe sauce for everyone!
It's a little red.
I’m buying the red ones
Airlines killing it today!!!
It wont last.
Yeah, who's laughing now, plebs?!!!
[AC.TO](https://AC.TO) down 1%... not for me..
Made money on my airline stocks today, but not sure that's going to continue
its just a correction. we had more than 9 of them since sep/2020
Its times like these I'm glad to have over diversified my portfolio
This is only the beginning.
Always need dry powder in account to soak up some of the blood.
I’m expecting a Bull Trap soon if not tomorrow, but overall I think China’s situation might be about to fuck the market another 10-20%. Could be even more if it causes more dominos to fall.
Will be interesting.
Isn’t the Chinese market on holiday until Wednesday, so Evergrande collapse could happen Thursday or Friday.
We’ll probably keep having red days until they collapse, since the market hates uncertainty. And from that point will hopefully see weather this will be isolated to China’s economy, trigger a domino effect, or if China ultimately bails them out.
I’ve come to the conclusion that nobody knows what’s going to happen, and this could go either way. I’m still waiting for more of a correction before I go buying.
Yeah, I largely agree. We’re basically thinking the same thing
My portfolio felt violated today.
Tomorrow could be even redder
I sold everything 3 weeks ago and I bought gold on Friday. I feel like a genius.
Yessir, fuck them puts!
I will admit, as something which has been burning a hole in my account I was surprised to find it staying afloat by EOD.
Same here brother haha. Back to the 30’s next target
Crypto Is the same way
Stock Markets do have a tendency to over react at times . China’s property market should not be influencing the market to this extent.
I don't think it's just them, we have a debt ceiling standoff here in the states coming up between dems and repubs.
I don’t think the market cares about that TBH, the gov always makes a big fuss before they ultimately raise it.
Probably right, there's always something going on or coming up anyway.
Only thing green on my lists
Wall street🗽 is bleeding🩸
SQQQ had a great day for once!
A sword-day, a red day, ere the sun rises!
How about them airlines
Everything on sale
So who shorted what?
Just don’t dance
Yeah, baby! this shit's on SALE "Up to 50% Off" - I'm going to wait a few weeks and then go on a BINGE
New holiday. Bloodiest Monday.
I see opportunity
The red wedding
Crypto is blood purple to or whatever color is bad for them! Some are -17%.
That’s just another Tuesday for the crypto market though.
Black Monday 😈
So about that crash everyone said isn’t coming…
Anyone can pick out who is the biggest loser out of this chart?
Oh no! Anyway.
that thing bleedin P
Alright Airlines you did it boy!
Thats a lot of red in one day!!!!
NOT IRNT BITCHESSSSSSS LOL
Scrolling by I thought this was paint chips, and realized it was the heat map. Haven't traded in several months as there hasn't been enough volatility for me, looks like it may be time to start back up.
Great time to buy and fix those average numbers!!! Just sayin!!!! 😉
Yummy dip, whos got the chips
CLMT -A $7 stock with a $50 renewable diesel project
Buy then. Seems like a good time. Evergrande ain’t gonna crash the world. It’ll continue to spin. This is emotion / clever play to drop the prices
Woooow 3% 🤡
March 2020 vibes
Live image of my asshole bleeding
Isn’t red actually green in China?
*Blood has been spilt this night*
Look at all of the dips!
DOW was down 700 today right?