Stock scream room
Moderator: Global Moderator
-
- Executive Member
- Posts: 527
- Joined: Mon Aug 24, 2015 3:12 pm
Re: Stock scream room
Everything's coming up Millhouse today!
Re: Stock scream room
Someone needs to duct-tape Trump's mouth shut... stocks dumping today after more tariffs
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: Stock scream room
Not supposed to start till Sept 1. He's got plenty of time to walk it back. Look, here, Trump is even co-opting PP discussion boards.
Re: Stock scream room
I still think Trump has people trading for him. Secret calls on disposable cell phones. "We're having cheeseburgers" means buy calls. "We're having French fries" means buy puts.
- Kriegsspiel
- Executive Member
- Posts: 4052
- Joined: Sun Sep 16, 2012 5:28 pm
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: Stock scream room
Oh my, the PP is working its magic today. I am up nearly 2%, and I just saw what stocks are doing....
Re: Stock scream room
Yeah this is a bad omen for stocks. The fall correction officially began when we lost support at 2880. We lost support at 2880 2 days ago, closed up at 2881 yesterday on very low volume, then rejected lower today. Very ominous signal, imo.
- dualstow
- Executive Member
- Posts: 14309
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: Stock scream room
Nice recovery today. I’m almost sorry to see it.
- dualstow
- Executive Member
- Posts: 14309
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: Stock scream room
Well, i have no idea where stocks are going, but i’m comfortable not really buying or selling. Very little of both. Comfortable holding.
Re: Stock scream room
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Re: Stock scream room
Define "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pmYeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Re: Stock scream room
I define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.pmward wrote: ↑Wed Aug 07, 2019 3:23 pmDefine "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pmYeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: Stock scream room
Yep.jacksonM wrote: ↑Wed Aug 07, 2019 3:47 pmI define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.pmward wrote: ↑Wed Aug 07, 2019 3:23 pmDefine "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
Re: Stock scream room
That makes more sense. The word "cheap" threw me for a loop there, haha.jacksonM wrote: ↑Wed Aug 07, 2019 3:47 pmI define it as having hit the re-balance bands. I'm not smart enough to actually know when something is cheap or not so I just follow the system.pmward wrote: ↑Wed Aug 07, 2019 3:23 pmDefine "cheap". There is nothing about equities that I personally see that can be called anywhere near cheap. Even a 10-20% correction would still be expensive against any historical metric.jacksonM wrote: ↑Wed Aug 07, 2019 3:00 pm
Yeah, this seemed to be the first bona-fide "flight to safety" with some staying power that I've seen in a while. I think my portfolio is at an all time high.
Let stocks "correct" all they need to. If it keeps up I'll be trading some long bonds and gold for those cheap stocks everybody is selling.
- Cortopassi
- Executive Member
- Posts: 3338
- Joined: Mon Feb 24, 2014 2:28 pm
- Location: https://www.jwst.nasa.gov/content/webbL ... sWebb.html
Re: Stock scream room
Well, not unexpected. Another well recovered dip in the market. At least gold is holding decently well.
Some amazing gyrations that don't matter much when holding the pp.
Some amazing gyrations that don't matter much when holding the pp.
Re: Stock scream room
Yeah, it looks like we got at least a bit more life. Today confirms a false break down of the key 2880 level. It makes no fundamental sense to me. Economic data weakening, earnings have been very poor this quarter, all kinds of macro headwinds, trade war, etc yet stocks are refusing to go down. Makes me wonder if there is some credence to Brent Johnson's theory that U.S. stocks will rally, not because things are good, but because things are bad. We will see, we do have that ominous Sept/Oct timeframe just around the corner. Will be interesting to see how it goes. Glad I'm in a GB at this point, as nothing makes much sense fundamentally right now. It's nice to be an observer this time around, with no money being bet one way or the other.
Re: Stock scream room
It is nuts.
Re: Stock scream room
Stocks dump yesterday... I made $4000
Stocks soar today... I made $1400
Yessssss! I think I stumbled by sheer luck into the perfect portfolio for the present day. It's really odd! How is it doing this?
It's purely a result of getting stopped-out of equities and being too chickenshlt to jump back in, instead I took on risky "credit" bonds.
Stocks 8.2%
Aggregate bonds 15.5% (only bond choice in retirement plan)
TLT 15.9%
Credit bonds 34.4% (LQD, EMB, HYG, PFFD)
Gold 12.7%
Cash 13.3%
Stocks soar today... I made $1400
Yessssss! I think I stumbled by sheer luck into the perfect portfolio for the present day. It's really odd! How is it doing this?
It's purely a result of getting stopped-out of equities and being too chickenshlt to jump back in, instead I took on risky "credit" bonds.
Stocks 8.2%
Aggregate bonds 15.5% (only bond choice in retirement plan)
TLT 15.9%
Credit bonds 34.4% (LQD, EMB, HYG, PFFD)
Gold 12.7%
Cash 13.3%
- dualstow
- Executive Member
- Posts: 14309
- Joined: Wed Oct 27, 2010 10:18 am
- Location: synagogue of Satan
- Contact:
Re: Stock scream room
Stocks 8%? Aren’t you a little young for that?
Re: Stock scream room
The credit bonds are quite volatile. They are my stock stand-ins.
Paul Novell's model went risk off twice in last 9 months, I have been extremely cautious about getting back in, and how I express my desire to put on risk.
I think of myself as a lemming who sprained his ankle 100 yards before the cliff face.