What is going on today? - Megathread

I feel sick. Both about the personal financial loss, and that one bad man can intentionally inflict this on the world just to make himself feel powerful.

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I cut a clip from the Dave Ramsay show in Feb when an 18 year old called up with a sure-fire voice asking what moves he should make to get loads of money growth in investments and how best to get enough renters paying his mortgages be a millionaire by age 26.

Sent that to a friend and said THE TOP OF THE MARKET IS IN.

That same week Rachael Ramsay (Dave’s daughter) who presents the show also sleepily announcing how the markets done 25% this year (2024-2025) and although you can tell she has no actual fundamental ideal of financial markets, she’s very pleased with herself and tell the viewers ā€œWell, if you wanna make 25% a year you gotta sacrifice and you gotta investā€.

And within a matter of days one month after the markets basically erased all the gains the show preaches to unsuspecting people. I like the Ramsay philosophy and it’s excellent but at the same time you can’t help but notice when the bottom is in or when the top is in purely by the way callers call up. You can just tell when big moves are coming or when big moves are over.

Trumps tariffs, or whatever the next cause of a market falling from all-time overvalued highs was always a possibility. Anything can cause the sell off or correction or bear market. If it wasn’t the tariffs it will be the next thing.

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Good point. The Shoe-shine boy allegory. DƩjƠ vu all over again.

Many comments on the Freetrade community forum have been an eye opener for me. The lock, stock and barrel drivel that people sometimes put on some of the individual shares … often parroting/cut and pasting management PR and hype is astonishing. People fall in love with particular shares and look for all sorts of things to buttress their view. IMHO - as an investor one should be looking for contra positions … why might you be wrong?

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Nobody should be taking investment advice from Dave Ramsey, need to get out of debt..sure, but to actually make sustainable returns in the market, Hell No!

The man believes you can safely withdraw 8% yearly no matter how the market is performing. Talking of which he will change what indice he is referencing depending on how it suits his argument proclaiming that it is the ā€˜Stock Market’. Sometimes it’s the Dow other times is the S&P500, basically whichever is up on the day or if it’s YTD or calender year.

He also would prefer you invest in mutal funds and avoids talk about the cheaper options of a simple ETF.

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I’m just drop feeding a few shares at a time all the way to the bottom of this ocean until I turn into a puffer fish and float to the top and burst this mother fking bubble :slight_smile:

And hurry the fuck up crowd cube I need my cash to buy more stonks

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The fact the Nasdaq just mooned 10% (after the worst 72 hours since dot com) on the faintest whiff of a fake headline shows there’s still far too much liquidity and we haven’t reached capitulation yet. I’ll be dipping in more when I see something resembling acceptance and not the price action of a shitcoin.

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The big rise up we just had earlier in the market shows a glimmer of hope, whether or not ā€œTrumps alledged 90 day halt on tariffs is true or notā€ it shows how fast the market can turn green on a bit of good news. I saw +1.80 on the SPY at one point.

We have been given great opportunities to buy top quality stocks at discounts and ive been nibbling away at a lot of them.

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Good points as usual and your other posts above :+1:

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This!!!

I have now parked my cash and am not going to partake in this kangaroo market anymore until there is a resembalance of sanity to whats going on.

I sold out of my short position for a profit and I still feel I am being played.

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I can not post the video here but this is the clip I felt I should save on Feb 25 2025 it was the most shoe shine moment. You knew the top was in and we were waiting for some level of disaster rather than new all time highs.

I did act on this also, obviously interests rates are a nice place to hide for a moment but I genuinely acted on seeing the top was in. It really was the most ridiculous phone call I heard on the Ramsay show it’s like this 18 year old had watched all the YouTube videos and thought everyone must be an idiot apart from him because it’s just so simple to become retired in the market from age 18 to age 26 lmao.

I put quite a lot of my investments into cash holding tight for the inevitable. Getting 4.75% - 5% for waiting is fine when markets are so severely overbought. Withdrew premium bonds to buy into the market should an opportunity arise.

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Yes well I get everyone has their own ways of handling what’s happning/going to happen. I feel this could just be a little pull back before a big fall Friday or even before but something about Friday this Friday is getting me haha.

For me I will just buy a couple of shares at a time when I see big dips like we had the other day and week. For me this still amounts to costing nearly 1k if I do all my etfs and stocks so I can’t keep doing it especially with safe cash which I potentially need well do need and am using it for both.

I do however have a back up of a back up but thst never gets touched and won’t be. It’s a HTB account so as you know easy access but takes years to recover it.

Its also important to have that account if you need the dole for any reason but have zero or a small amount invested in shares on the market as life time isa and HTB are exempt from what they will use as your capital.

Mmmmm all that sexy money in those accounts yummy yummy :stuck_out_tongue:

You might want to read up about that here:

This says LISAs and Help to buy ARE included as part of your capital.

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Any other investors getting really bothered by not being able to make investments after 4:30PM in the UK? It’s like, at 5:30PM I wanted to buy back into the S&P 500 5X short ETF but trading on the UK market is closed… so I miss out on 20% gains.

Again on the trump evening I wanted to buy a specific ETF just before 9PM as the US market closes but you have to either buy before the UK market closes or wait until the next days market open by which time the move has already happened.

I’m finding it particularly frustrating because I want access to the times that the US market is open.

It seems so rigged for UK investors. The US markets make their moves outside of UK trading hours.

As the UK market closes at 4:30PM, the US market may make a directional move at 8:30PM which you want to be involved with, but you can not…

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https://x.com/thestalwart/status/1909689063503704367

Considering baseline tariffs have been openly telegraphed for months, and the admin has now admitted they want to completely end all trade with China with the additional 50%, I still don’t think we’re anywhere near ā€œpriced inā€.

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BOUNCE!!

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I echo this, frustrating. I have a few x3 and x5 leverage positions that would be absolutely rocketing right now, but i need to wait till 8am tomorrow, hopefully not much of a sell off between now and tomorrow.

I think UK investors simply have to face mediocracy and unless anything changes regarding stock market opening / close times then it’s a case of forget being able to make moves with or without leverage as opportunities arise.

The fact the UK market closed and the US then went ballistic is simply unfair for UK investors, our products should be trading including the hours of the largest stock market in the world.

10% gain on the S&P 500 in half a day is absolutely wild.

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Completely detached from reality now. 8% up on the S&P despite tariffs remaining at extremely high levels. Not to mention the damage already done.

https://x.com/ernietedeschi/status/1910029358628032906