Boiler Room: The Official Stock Market Discussion

[JetFueledThoughts]

my friend who works at google said execs sent an email to all employees stating they will be reprioritizing stuff to prep for the downfall of the economy. could get ugly

Downfall of the economy sounds ominous af

 

[Slim]

my friend who works at google said execs sent an email to all employees stating they will be reprioritizing stuff to prep for the downfall of the economy. could get ugly

It was actually the CEO who sent the email to employees -- it was picked up/leaked to media soon after.
Read Google CEO Sundar Pichai’s email to staff on plans to slow hiring after adding 10,000 employees in Q2: ‘We’re not immune to economic headwinds

Then a week later they paused hiring for "2 weeks"
Google to pause all hiring for two weeks

 

[chineebai]

most companies are putting freezes no hires or slowing down on it. My company has 100k employees globally and we're putting a slow down on certain roles.

 

[Rickdogg44]

buyers had momentum and they lost it today. Poor showing. Remember things are still bearish. Next week is FOMC so market makers are probably hesistant to take new long positions. We could see profit taking going into next week. The higher probability is that things start to go lower whether in a choppy way or quick way. But then again, anything can happen, just manage your risks.

Doesn't GDP number co.e out next week too? Signaling official recession if negative for Q2?

 

[dora_da_destroyer]

can i buy puts on a date? jul 27th looks like Big Red

 

[chineebai]

Doesn't GDP number co.e out next week too? Signaling official recession if negative for Q2?

Lots of big earnings and fomc and economic data. Likely trade within some choppy range but overall still bearish. Imo. I'm still 100% cash.

 

[phcitywarrior]

Heads finna roll. Larry Fink gotta tighten it up.

my friend who works at google said execs sent an email to all employees stating they will be reprioritizing stuff to prep for the downfall of the economy. could get ugly

Yea, even Meta said they’d be cranking up the heat to weed out employees. Everything is on pause right now.

Lots of big earnings and fomc and economic data. Likely trade within some choppy range but overall still bearish. Imo. I'm still 100% cash.

Next week finna be a bloodbath. Likely in an official recession + FOMC (75bps incoming).

 

[Slim]

If Google, Meta, Roku, and Amazon confirm next week that ad spending really has plummeted (and it's not just a Snap thing), then you're about to see a whole lot of these social media personalities, influences, and "creators" that sprung up the last 5 years go back to 9-5.

 

[choc_cardigan]

If Google, Meta, Roku, and Amazon confirm next week that ad spending really has plummeted (and it's not just a Snap thing), then you're about to see a whole lot of these social media personalities, influences, and "creators" that sprung up the last 5 years go back to 9-5.

I actually would be curious to see that. That would shake up alot of things.

 

[Rickdogg44]

Lots of big earnings and fomc and economic data. Likely trade within some choppy range but overall still bearish. Imo. I'm still 100% cash.

You can buy put anytime during regular hours. The key is the expiration date of the option, open interest, volume, and strike.

 

[Rickdogg44]

To expand you could get nerdy with greeks

Also I believe qqq, spy, and iwm have expiration dates every Monday, Wednesday, Friday

 

[Rickdogg44]

can i buy puts on a date? jul 27th looks like Big Red

 

[Serious]

 

[Serious]

If Google, Meta, Roku, and Amazon confirm next week that ad spending really has plummeted (and it's not just a Snap thing), then you're about to see a whole lot of these social media personalities, influences, and "creators" that sprung up the last 5 years go back to 9-5.

Thank gawd, it's about time the influencer trend died.

Most of them provide zero contribution to this world.

 

[Serious]