Not being able to cover the mortgage let alone a couple hundred of cash flow is the sign of a bubble in housing. The people buying rentals now are banking on appreciation alone. That’s a dangerous investment as cost of ownership continue to increase with materials and labor, insurance and taxes as wel.
I sold all my rentals to people that were actually planning to live in the houses over the last year. Between finding reliable people for repairs, the govt dictating if you can evict and the increase in values, it just wasn’t worth it for me to be a landlord anymore. It was good while it lasted though and allowed me to quit the rat race in my late 20s.
Futures deteriorating into the opening. Europe selling off. Could be another nasty day. Markets could easily fall to 2020 lows without a problem. Hold tight because every asset class is going to sell off even those ridiculous cryptocurrencies and NFTs which will lose 70-90% of their value.
Fed wants 4 rate hikes and possibly even more for 2022 but I can almost guarantee it the fed will only do 2 at most since a bear market will cause the fed to reverse any idea of 4 rate hikes. Watch how quick they change their tone as equities start to collapse even further into 2022. Inflation will peak in mid 2022 and after equities collapse they will realize that the economy won’t be able to handle 1% rates and back down they will go all while the economy teters on a recession.
Incredible day, didn’t expect such a sell off this morning but took advantage of it and went long. Next 2 days is fed talks, I believe they go a bit dovish and change their tune to keep the market supported. If they mention rate hikes to be done say in March then look out below. Keep some money aside to play the heavy dips. Rallies should still be sold. The volatility and sell off is just in the beginning stages. VIX isn’t implying a bottom just yet.
Crypto has no where to go but down. I would not be surprised if they fell another 60 70 80% , once bitcoin breaks its next support you can easily see a solid drop across all cryptocurrencies. Sell all rallies.
Let’s see if the plunge protection team saves the day again! I’m still rolling with sqqq and uvxy. I sold some yesterday before the turnaround but think there’s still a ways to go down from here.
Large cap stocks aren’t getting hit that bad and that’s what I mostly own now in my retirement portfolio, along with commodities. There’s def going to be some money to be made this year by trading, but it’s going to be stressful! Some Small tech I follow is down over 80-90% from their highs last year, it’s truly a casino now. Unfortunately the house is going to wind up with a large percentage of the stimulus last year that people used to start day trading.
I’m all cash with some cash-secure-puts out there nibbling on Apple. I sold out of Apple and AMD earlier. This isn’t good trading. This is I’m lucky as hell. Still holding cash and easing into the market slowly.
Oscillators were way oversold into -100, which is insanely high.
Bottoms aren’t straight down. If they are, parabolic down means parabolic up. Lots of relief rallies and bull traps. I’m holding nothing long - all options are 3-4 day and small nibbles.
Up 3% this month. It’s fighting to keep the capital now and going knee deep when I can deploy it all.
401ks and Backdoor roths are still boring and not being touched.
Futures down huge tonight. This could be an open at lows at rhe open followed by a grind higher into the close with a relief rally that could actually close on its highs of the day. This could be a very interesting day, a day after the fed just announced a rate hike in March. Maybe the markets digest this news and start to ramp higher again but I will say any rallies should be sold. This is a traders market with the vix still above 30 and most likely on its way to 40++
I think today we get the head fake and tomorrow/Monday is the 2000 point drop. Up 300-500 today. I’m gonna use that to get a good short position for the weekend.
Don’t look at the price. Once the billions of unbanked humans around the globe realized they can trade/store value in the one of the most secured networks in the world, it’s only a matter of time.
. Up 25%, and looking like a strong open in the morning - BTC over $42k.