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Stonk Market Thread (Part Deux)

356 Views 11 Replies 4 Participants Last post by  UberBastid
So, the other one petered since after the market, and the US went to Hell.

But, there is as much opportunity in a bear market as in a bull.

I have been reading that auto loan defaults are way, way up. And expected to get worse ... soon. So, I go on line to find out who is making these stupid loans to stupid people ... which companies are going to take it in the shorts. I find that most are subsidiaries of large banks (Ally, Wells, Ford, etc) and the auto losses will (I presume) be absorbed by the performing loans the bank holds and gov't guarantees that only the large banks can get.
I thought there might be a short (sell calls, etc) play there in a sector ... but, maybe not.

Then I thought maybe a long position in so-called 'Defense Stocks'. The war in Europe is consuming a lot of perishables (besides people) and we and they gonna have to replace all that.

So ... in THIS climate ... what plays do ya'll see?

How about metals? Silver and Gold?
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The "chaos is a ladder" guru has made himself quite scarce of late, but, were he to return, he would have plenty to say on the matter.
It’s no fun when the market kicks you in the fruit stand on a daily basis. There are tons of interesting companies selling at huge discounts right now. I don’t have any individual name ideas. I’m looking for the Nasdaq to retrace all Covid gains back to Feb 2020 levels (9800ish). That’s they level I will start buying more TQQQ. Nasdaq is still trading at 20x forward earnings which isn’t cheap (especially when earning expectations haven’t really been revised down yet). It just feels like the Nasdaq wants to get back to that precovid level.
What brokerage do you use?
I don't have $50k to 'invest', and many have huge minimum deposit amounts.
I use interactive brokers. I have no clue what their minimum is.
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