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Thoughts on the stock market and

The market has been really bad for several days, but today has been particularly horrific down roughly 1.1K DOW and 650 Nasdaq. So many signs that a recession has already begun.
 
str8line said:
I have yet to play the stock market or crypto beyond buying and holding via index funds but just last week I was talking to my wife about doing a little playing around. Now the Warren Buffett quote "be fearful when others are greedy and greedy when others are fearful" is coming to mind. When will people be fearful enough for me to make my great entrance to individual stocks?
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You should probably Google Warren Buffett news before planning your great entrance. When Kamala Harris was named to the top of the democrat ticket, Warren Buffett began unloading everything. Warren Buffett is afraid right now.
 
Al-O-Meter said:
You should probably Google Warren Buffett news before planning your great entrance. When Kamala Harris was named to the top of the democrat ticket, Warren Buffett began unloading everything. Warren Buffett is afraid right now.
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He started selling before Kamala. Maybe he just thinks we're near the top of a big market run and is cashing in. Or maybe people don't by Apple phones nearly as often as they used to and he thinks it's time to lower that risk. Then again maybe it's Kamala. Or maybe it's The Rapist.
 
str8line said:
He started selling before Kamala. Maybe he just thinks we're near the top of a big market run and is cashing in. Or maybe people don't by Apple phones nearly as often as they used to and he thinks it's time to lower that risk. Then again maybe it's Kamala. Or maybe it's The Rapist.
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IDGAF why Warren Buffett is doing what he's doing, but I do not want to see you financially crushed even though we disagree on our politics. That you are now aware of Buffett's recent moves, I'll leave it up to you to handle your business and I hope for your success.
 
str8line said:
Got a new butt plug and this time it's the real thing so no more trips to the emergency room.
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That's no guarantee, I still remember the old days on a night shift walking around ED, whenever you'd see a group of staff huddled around a computer laughing you knew something was up, figuratively and literally.... Anything you could buy in a supermarket would end up there, fruit and vegies, jars of coffee, numerous sex toys. University O week was always a highlight.
 
str8line said:
I have yet to play the stock market or crypto beyond buying and holding via index funds but just last week I was talking to my wife about doing a little playing around. Now the Warren Buffett quote "be fearful when others are greedy and greedy when others are fearful" is coming to mind. When will people be fearful enough for me to make my great entrance to individual stocks?
Click to expand...
September, 2022. You’re late to the party and lots of **** is expensive. Buffett has been loading up on Occidental tho. Maybe piggyback on him if you feel like splashing around?
 
idestroyedthetoilet said:
September, 2022. You’re late to the party and lots of **** is expensive. Buffett has been loading up on Occidental tho. Maybe piggyback on him if you feel like splashing around?
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Thanks @idestroyedthetoilet. I always planned on using Buffett as my template. So today I opened a Robinhood account and purchased my first individual stocks ever.

$250 of Ulta Beauty
$250 of American Express
$250 of Occidental Petroleum
$250 of Berkshire Hathaway

I'd like to try to buy into companies I use and like. My wife and daughter shop at Ulta(very popular with the kids these days), we use Amex almost exclusively, Occidental Petroleum based on Buffett, and of course went with Warren's company Berkshire Hathaway.

I have about $4000 more to play with. I was thinking Bitcoin, maybe Costco since it's my religion and not sure what else yet.
 
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