STONEY!!!! I think you owe Team Cramer a big thank you for telling us to get out for the last two weeks.
Up on a ugly day, $7 it is. I think I will avoid options. On Friday I bought GME calls and made a double, the heavy buying was easy to spot but made no sense. HOOD, JPM and DriveShack look interesting?
Thank goodness we had Van to navigate these rough waters! I think Stoney might have been tossed overboard or never left port.
Hello Peeps~ It was my brother's birthday today had to take a personal day. (also can't stand to watch) Back at the house now cleaning going home tomorrow. I didn't see any TV coverage what was the tone today? The Face is pissed! These are strong words. Trump ‘broke a core covenant of capitalism,’ Liberation Day was a ‘massacre’ – Fundstrat Apr. 07, 2025 3:04 PM ET President Donald Trump’s “Liberation Day” was instead “Massacre Day,” far worse than expected by the markets, but panic is overblown, according to Fundstrat Global Advisors. “The resulting market fury is not due to a reaction to a trade war, but rather, in our view, the fact the White House broke a core covenant of capitalism – stable and predictable regulatory environment,” said Tom Lee, head of research at Fundstrat Global Advisors. He said that companies are reacting to a perceived betrayal of a stable regulatory framework that is essential for long-term investing, with supply chains stranded, and capital invested in building diversified manufacturing operations now at risk. “Companies are now facing massive amounts of stranded capital, or capital to earn a lower return,” he added. “That said, stocks are too far stretched to the downside, while recession risks are excessively priced. Hence, while we do not know when stocks will bottom…investors need to see the positive risk/reward of being patient.” However, Lee said he sees clear signs of possible de-escalation in the upcoming days, with the European Union expressing a desire for negotiation time before retaliating, and other countries also having reached out to the While House for concessions. Lee said that the White House actions do not imply it wants a market crash. “While some interpret recent moves as favoring Main Street at Wall Street’s expense, this may be a misread.” In addition, he sees the probability of a recession remaining low. “Recession risks remain overblown due to significant offsets that cushion the tariff blow,” he said. And “from a tactical perspective, markets are deeply oversold and ripe for a reversal.” Lee cited his colleague Mark Newton, head of technical strategy, saying he noted that while technical have not confirmed a bottom, positioning is “highly washed out.” The long/short net leverage is at 2022 lows, and short interest has surged, he said. Also, valuations have compressed – 15x on 2026 earnings, or 17x when assuming a 15% earnings decline. “Statistically, back-to-back 4.5% drops have only occurred four times since 1950, and each instance saw strong 12-month forward returns,” Lee said. “Participation remains weak, with only 23% of stocks above their 200-day moving average, a level that historically precedes strong gains.” Additionally, the VIX (VIX) term structure is inverted, which has historically been followed by one-month win ratios of 100%, he said. GREAT PIECE TOM! Couple points the EU stuff is still coming according to Big Pete- they just gave Trump a cooling off period. I hope to dear god they can give Trump something he can say he won with. The favoring main st vs wall st thing that itsef is not correct but something is happening on purpose and I brought the idea to the public first. The effort is to get the 10 year yield own by an measure and crashing stocks forces large investors into bonds and those yields down and that is de facto eassing for the Fed and or forces the fed to play catch up. It is a super risky gambit and and only can come from the mind of a deranged mega type like that Lutnik.