Stock scream room

Discussion of the Stock portion of the Permanent Portfolio

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buddtholomew
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Re: Stock scream room

Postby buddtholomew » Wed Feb 07, 2018 8:25 pm

The cycle is down and if it goes up it will go down further next time. Genius.
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ochotona
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Re: Stock scream room

Postby ochotona » Thu Feb 08, 2018 7:25 am

I am thinking of taking a tax loss soon on Treasuries, converting my taxable account to 100% equity in case we are down for the year, I can tax loss harvest equities also. I would rebuy the same bonds in my IRA, after waiting 31 days.
whatchamacallit
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Re: Stock scream room

Postby whatchamacallit » Thu Feb 08, 2018 3:49 pm

It might be too early to gauge but stocks going down have the least emotional stress on me versus losing money on bonds and gold.

It might be a possibly irrational belief that they will always go up in the long run and don't feel that way at all about bonds and gold.
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Cortopassi
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Re: Stock scream room

Postby Cortopassi » Thu Feb 08, 2018 4:12 pm

whatchamacallit wrote:It might be too early to gauge but stocks going down have the least emotional stress on me versus losing money on bonds and gold.

It might be a possibly irrational belief that they will always go up in the long run and don't feel that way at all about bonds and gold.


Same with me.
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Re: Stock scream room

Postby Shawn Hoover » Thu Feb 08, 2018 4:32 pm

Cortopassi wrote:Where are the tweets? Where is Trump? Aren't the democrats, illegals, someone somewhere responsible for this HUGE stock market drop?

>:D


Here's your tweet, corto. I can't tell who he's blaming after all.

https://twitter.com/realDonaldTrump/sta ... 8968622086

In the “old days,” when good news was reported, the Stock Market would go up. Today, when good news is reported, the Stock Market goes down. Big mistake, and we have so much good (great) news about the economy!
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ochotona
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Re: Stock scream room

Postby ochotona » Fri Feb 09, 2018 12:48 pm

SP500 below 200 day moving average. Trendfollowers will start selling...
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Re: Stock scream room

Postby Shawn Hoover » Sun Feb 11, 2018 6:43 pm

Matt Levine on Feb 6. The market fell further after he wrote this, but if you enjoy his column this was the perfect take following on his previous segments on market volatility. (All his columns last week were enjoyable, on various topics)


https://www.bloomberg.com/view/articles ... ock-market
People are worried that people aren't worried oh wait no.

On November 30 of last year, the S&P 500 Index closed at a new all-time high of 2647.58, up 18.3 percent for the year thus far. Two days earlier, Bloomberg Markets had published "What to Worry About in This Surreal Bull Market." "Equities keep hitting record highs and volatility hovers near historic lows, all while geopolitical tensions abound," the article began, and then it compiled worries from investors and strategists and pundits who worried that the party would eventually have to end. Would leveraged quant-fund unwinds finally bring down the long bull market? "Some sort of cyber event"? Weaknesses in China's financial system? Stresses to stock-exchange closing auctions? Over-reliance on index funds? Contagion from a Bitcoin crash? Concentration in repo markets? Really anything was possible; a long period of calm optimism had given people a lot of free time to imagine horrible counterfactuals.

Yesterday the S&P 500 closed at 2,648.94, a hair above where it ended last November.

So what to make of it? If you slept through December and January and last week and, above all, yesterday, and you woke up today to find the market up 0.05 percent over the last couple of months, I suppose you might conclude that the surreal bull market had quietly sputtered out. You might go back and re-read that list of worries and be like, well, sure, this list of worries is worrying, I can see why the market stopped being so uniformly optimistic, perhaps an even mix of optimism and pessimism is warranted and stock prices should drift up more slowly than they have been for the past few years.

Of course that was not the experience you had if you were awake for the last couple of months.
Last edited by Shawn Hoover on Sun Feb 11, 2018 6:46 pm, edited 1 time in total.
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ochotona
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Re: Stock scream room

Postby ochotona » Sun Feb 11, 2018 6:45 pm

Nikkei down more than 2% now. Space junk will be circulating around the globe. See you all tomorrow at 9:30 AM Eastern!

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eufo
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Re: Stock scream room

Postby eufo » Sun Feb 11, 2018 6:56 pm

I gotta say, I'm actually embracing this correction. I was worried at the beginning, now I'm at acceptance.
Don't agree with me too strongly or I'm going to change my mind
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Kriegsspiel
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Re: Stock scream room

Postby Kriegsspiel » Sun Feb 11, 2018 7:47 pm

Nikkei down two plus?
To Aokigahara
those traders will trudge

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Shawn Hoover
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Re: Stock scream room

Postby Shawn Hoover » Sun Feb 11, 2018 7:52 pm

Kriegsspiel wrote:Nikkei down two plus?
To Aokigahara
those traders will trudge


Nice one. I’m still grinning about the It’s Happening! gif from last week.
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dualstow
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Re: Stock scream room

Postby dualstow » Sun Feb 11, 2018 11:18 pm

eufo wrote:I gotta say, I'm actually embracing this correction. I was worried at the beginning, now I'm at acceptance.

Same here. Well, I wasn't worried, but I wasn't thrilled.
it’s always sunny in permafolia

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