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stock market correction


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2022 Jun 16, 10:21am   1,034 views  14 comments

by AD   ➕follow (1)   💰tip   ignore  

I look at established companies like Facebook and Amazon. Facebook has WhatsApp and Instagram among its subsidiaries and can find ways to generate more earnings.

Amazon stock is down 45% and at 2018 price levels.

Facebook stock is down 58% and at 2017 price levels.

Disney stock is down 50% and at 2015 price levels.

Seems like there is always a bloodbath when it comes to stock corrections. That bloodbath is now happening.

Comments 1 - 14 of 14        Search these comments

1   AD   2022 Jun 16, 10:22am  

Of course FB advertisement prices are going down as reported in Barrons. We are in a recession so companies are going to reduce spending across the board, even with advertisement.
2   clambo   2022 Jun 16, 10:46am  

I would buy but I have no new cash coming in.
Edit: I am not happy right now 🤬
3   RC2006   2022 Jun 16, 1:03pm  

Took my money out of market two months ago, wonder when all these dead cat bounces will stop and it would be a good time to reinvest?
4   Ceffer   2022 Jun 16, 1:07pm  

Good news is laundering through fake appreciation by Wall Street is down also. Less money for black budgets to fuck over the populace. You can tell they are scrambling to allocate the death funds rather than having the carte blanche they used to have.
5   stfu   2022 Jun 16, 1:46pm  

RC2006 says

Took my money out of market two months ago, wonder when all these dead cat bounces will stop and it would be a good time to reinvest?



Are you more than 10 years away from needing it? Do yourself a favor and put it all back in tomorrow. In one day. Don't dollar cost average, just do it. Don't pick stocks, use low ER ETF's. You've put yourself into an untenable position where you have to be right twice in a row.

My recommendations are IUSG (for Amazon, google, apple, meta, etc) and SCHD for S&P Dividend growers. Maybe SPYD for yield.
7   AD   2022 Jul 2, 11:59am  

.

Facebook stock is already down about 65%.

So announcing layoff plans now will not cause investors to panic. Zuck might as well as exploit that now and make a lot of cuts to set up Facebook (aka: Meta) for profitability over the next 2 to 3 years while they continue to pour money into the metaverse (or virtual universe).

I wonder if the headsets for virtual universe just the beginning and they have another plan in near term such as wearing eye glasses that allows the use of the virtual universe or metaverse. I am thinking similar to Minority Report or somewhat representative of the hologram room in Star Trek Enterprises.

The headset (with limited battery power) is nice but is not too desirable. That is why I think maybe Zuck is thinking big and beyond the headset.

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8   AD   2022 Jul 2, 12:00pm  

RC2006 says

Took my money out of market two months ago, wonder when all these dead cat bounces will stop and it would be a good time to reinvest?


S&P 500's PE (trailing 12 months) is around 19. I suspect it will bottom between 16 and 18.

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9   1337irr   2022 Jul 2, 9:38pm  

I bought 200 shares of AZZ, mainly because I like the name, growth, dividend and the book value per a share.
10   AD   2022 Jul 3, 12:34am  

1337irr says

I bought 200 shares of AZZ, mainly because I like the name, growth, dividend and the book value per a share.

.

Gurufocus gives AZZ good scores, and estimates its fair fairly is $46 a share which is about $5 more than current share price.

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11   zzyzzx   2022 Jul 5, 7:16am  

Patrick says








ERECTION INTENSIFYING!!!
12   zzyzzx   2022 Jul 5, 7:18am  

ad says

That bloodbath is now happening.


Again today. Official recession announcement imminent. At least that's my best guess as to why the market is behaving like this today.
13   B.A.C.A.H.   2022 Jul 5, 7:25am  

I think I figured out why demand is dropped.

Because last month I bought a wee bit of MU. I always do the wrong thing picking stocks. Better to quit doing that and just buy index funds.
14   AD   2022 Jul 5, 10:02am  

zzyzzx says


Again today. Official recession announcement imminent. At least that's my best guess as to why the market is behaving like this today.


zzyzzx and B.A.C.A.H., S&P 500 down 22% from 52 week high and all time high. I am not sure how much of a bloodbath there is as this seems like a continuation of the March 2020 crash. Seems more that the S&P 500 will trade between 3600 and 4000 leading to November 2022 election.

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