r/wallstreetbets Feb 23 '21

Walking into the stock market today Meme

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u/overtoke Feb 23 '21

what kind of GPUs did you get

60

u/[deleted] Feb 23 '21

The "riot" kind.

5

u/Figure-Beneficial Feb 23 '21

The .... off the Chain... kind?

6

u/[deleted] Feb 23 '21

Yes, and with a mixing of the nine. Not the Nazgul, but just as fucked.

1

u/RogerPackinrod Feb 24 '21

Man I sold 200 shares a month ago for $21 each and last week I felt like such a jackass. This week I still feel like a jackass just not as bad.

1

u/[deleted] Feb 24 '21

It's ok, you see that ephemeral bottom in the charts today across the market? Because I have the most negative IQ, I realized $15k in losses by selling some stuff at the literal pointy boi.

Your play was still gains, so all's well and green. You might not feel so good tomorrow morning though lol.

1

u/RogerPackinrod Feb 24 '21

That's what got me. The big coin crashed and I panicked and sold my shares at the absolute bottom thinking it was going to keep going, and then it turned around and went back up.

After that I just decided to give up on selling. Ol' Hold Em Long Packinrod is what they call me. Yup.

1

u/[deleted] Feb 24 '21

I would normally have held, but I sold because I've been somewhat freaked out at the rate of 10-year bond rate increase without accompanying inflation increases. Now I'm a smooth brain retard so that might not actually be relevant.

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u/RogerPackinrod Feb 24 '21

No idea what you're even talking about. Imagine being so stupid you stay blissfully ignorant of the complex machinations of the world around you and that's me.

1

u/[deleted] Feb 24 '21

If you check the 10-year bond rate, it's been going up pretty quickly as of the last couple weeks. The current value isn't crazy yet, but the rate at which it's been going up has been of notice.

As I understand (with my limited monkey), US Treasury Bonds are basically viewed as the safe haven for your money, so as close to zero risk as it gets for appreciating assets.

During the recent bull run, that rate has been low as hell, making stocks more attractive, as the risk vs reward says "let's take the risk". But, at the rate the bond yield has been going up, it might soon become importantly more attractive to toss your money into bonds instead of the stock market - assuming, that is, that inflation does not overtake the rate of increase of the bond yield.

Since inflation does not yet appear to be jumping up with the bond yield, that's led to some jitters about whether or not we're going to see a mass withdrawal from the market in the coming months. The massively high valuations of the moment don't help calm such jitters.

Could be terribly, totally wrong though, since I am an actual idiot when it comes to the market.

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u/SuperUnic0rn Feb 23 '21

We’re not allowed to talk about ETF’s but I got ALL the GPU’s with P-S-I