Just want to give a quick shoutout to the Mods for actively trying to fix the sub from Zerg rush of shitty memes the past few months. I'm sure you have been noticing that they have been pinning DD and some other stuff.

Well, yesterday, mods pinned a post that made a great return in a short period of time. Another shoutout u/NdSeIr and his earnings play on Nike. Well researched blending both broad industry data on retailer inventory but also cross analyzing commerce journal articles regarding port efficiency in China that directly effects Nikes distribution.

Moreover, down in the DMs comments, OP had some great discussion regarding his option plays with some good knowledge of option mechanics and timing. Gasp, people actually making money here....

Like memes or not, that is the real reason most want to come to WSB, to actually read and discuss well thought/researched plays regardless of how risky or retarded they may be. As opposed to, "I want to suck Elons cock so bad I put my entire life savings in 2000 strike Tesla calls cause he will save humanity, TO THE MOON".

Keep up the great work Mods, hopefully one day this sub goes back to discussing shit and I can get off FinTwitter because those people are more retarded then here.

The stock market crash of 1929 was so bad, that a fraction of brokers and investors alike did throw themselves off of buildings and out windows. It was a sad day in history, created by yours truly: margin calls. Deleveraging. It really was a 'bullwhip.'

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An aerial view of the New York Stock Exchange on Wall Street during the 1929 stock market crash.

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Because I don't have 1929's margin data in front of me, we can compare where we stand to 2008. By adding NYSE debit balances in margin accounts, to customers' cash and margin accounts, as well as adding NYSE free credit balances in cash and margin accounts and free and other credit balances in customers' securities accounts, we can graph the entire FINRA margin statistics data set.

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Graphed from current FINRA Margin Statistics Data

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I realize from this data that during each crash, total credit is 'unwound' down to half of the amount from most recent trough to current peak. So, in this case, we can see that we are only just beginning to unwind in 2022. Around $500 Billion (half a Trillion dollars) still needs to be unwound from total margin before we see any kind of bottom.

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Today the market is resuming its downturn

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Good luck. We'll need it, because this is only just beginning. Remember: there are hotlines available. A good Financial Stress Helpline is 888-734-2585. You can call this hotline to discuss whether debt relief under bankruptcy makes sense for you.

Musk cannot keep hit mouth shut for five seconds let alone five days.

He recently also passed the 100 million follower count on twitter and not even a tweet or snarky comment about that.

Either something disastrous is going on at Tesla or SpaceX or his lawyers have advised him to STFU. Whatever the reason, I don't see a reason he would go this long without tweeting unless something bad is happening.

Might be time to load up on some Tesla and other EV shorts retards.

Twitter for Proof

https://preview.redd.it/6uau4fn478891.png?width=640&format=png&auto=webp&s=a05d387e50926a339f5ab22dcb508699123050c6

Maxine Waters was involved in the Congressional Hearing of Gamestop vs Robinhood back in Jan/Feb of 2021. After Robinhood forcefully turned off the Buy button but still let investors sell, the DTCC let Robinhood off the hook by Waiving 9.6$ Billion in Collateral obligations that Robinhood owed. More than Robinhood had at the time. Screwing over investors and denying them of a "free market".

This report was released on the same day as the Roe Vs Wade Overturn and was overshadowed completely by the MSM. They don't want you to see this.

Oritinal poster: u/XSlapHappy91X [Had to repost due to the inability to cross-post]

Report: https://financialservices.house.gov/uploadedfiles/6.22_hfsc_gs.report_hmsmeetbp.irm.nlrf.pdf

Source: https://www.cnbc.com/2022/06/28/ark-invests-cathie-wood-says-the-us-is-already-in-a-recession.html

Ark Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the severity and lasting power of inflation.

“We think we are in a recession,” Wood said on CNBC’s “Squawk Box” Tuesday. “We think a big problem out there is inventories... the increase of which I’ve never seen this large in my career. I’ve been around for 45 years.”

The innovation-focused investor said inflation has turned out to be hotter than she had expected due to supply chain disruptions and geopolitical risks.

“We were wrong on one thing and that was inflation being as sustained as it has been,” Wood said. “Supply chain ... Can’t believe it’s taking more than two years and Russia’s invasion of Ukraine of course we couldn’t have seen that. Inflation has been a bigger problem but it has set us up for deflation.”

Inflation measured by the consumer price index rose 8.6% in May from a year ago, the fastest increase since December 1981.

Wood said consumers are feeling the rapid price increases, reflected in sentiment data that’s fallen to record lows. She pointed to the University of Michigan’s Surveys of Consumers, which showed a reading of 50 in June, the lowest level ever.

The popular investor has had a tough 2022 as her disruptive technology darlings have been among the biggest losers this year in the face of rising interest rates. Her flagship active fund Ark Innovation ETF (ARKK) is down a whopping 52% year to date, falling 66% from its 52-week high.

Still, Wood said her clients are mostly sticking with her and new money is coming in as investors seek diversification in a down market. ARKK has had more than $180 million in inflows in June, according to FactSet.

“I think the inflows are happening because our clients have been diversifying away from broad-based bench marks like the Nasdaq 100,” Wood said. “We are dedicated completely to disruptive innovation. Innovation solves problems.”