Gyroscopic Investing

Time for another trim. My S&P shares are just below doubling, 99.93%

(from the thread, "I think I'll rebalance today")

My indie stocks doubled overall yesterday for the first time in my lifetime. 2004 was when I first started really buying, and I mostly stopped around 2010, opting for index funds. I'm not a good picker. I just held on for the dividends. What a feeling. Ready for the value to get cut in half now...

FB -3.28%
NFLX -4.73%
AAPL -3.88%
GOOG -3.41%
MSFT -2.27
AMZN -3.16%
TSLA -3..43%
TWTR -3.92%
SNAP -4.08%

I wonder what will be going through tech investors' minds this weekend? Buy the f***ing dip? Or sell? Monday might be interesting.

Phhhhfffbbbtttt...nothing. My NVDA crashed better than any of those wusses today.

I'm going to convert to mutual funds, so there's no ticker to watch all day long.

ochotona wrote:I'm going to convert to mutual funds, so there's no ticker to watch all day long.

VITAX?

I am a Schwabbie, so SWPPX or SWISX

Kbg wrote:Phhhhfffbbbtttt...nothing. My NVDA crashed better than any of those wusses today.

Oh, how I wish I'd bought NVDA. Most of the bitcoin and ether miners are using it, apparently.

Yeah, it has been a good ride. Bumpy though.

The market is so resilient, isn't it? North Korea, no problem. Domestic strife, fine.
The market knows that everything is fine.

dualstow wrote:The market is so resilient, isn't it? North Korea, no problem. Domestic strife, fine.
The market knows that everything is fine.

https://youtu.be/cCKONHUigVk

I wonder if Houston will impact the market on Monday. Talk about Black Swans.

ochotona wrote:I wonder if Houston will impact the market on Monday. Talk about Black Swans.

Apparently gold floats.

ochotona wrote:I wonder if Houston will impact the market on Monday. Talk about Black Swans.

Is it really a Black Swan though?

Tyler wrote:Apparently gold floats.

ha!

The severity and economic impact was a black "egret". I think the market doesn't know how to price it yet. This area has a huge GDP, larger than many nations.

The Gross Metropolitan Product (GMP) of Houston-Sugar Land-Woodlands is $0.5 trillion, about the same as Sweden or Poland. The GDP of Greece is $0.19 trillion.

Houston is home to half of the Fortune 500 companies in Texas. Houston trails only New York City for most names on the list.

We are shut down. The market has NOT priced this in.

ochotona wrote:The Gross Metropolitan Product (GMP) of Houston-Sugar Land-Woodlands is $0.5 trillion, about the same as Sweden or Poland. The GDP of Greece is $0.19 trillion.

Houston is home to half of the Fortune 500 companies in Texas. Houston trails only New York City for most names on the list.

We are shut down. The market has NOT priced this in.

Have you sold your stocks?

Xan wrote:

ochotona wrote:The Gross Metropolitan Product (GMP) of Houston-Sugar Land-Woodlands is $0.5 trillion, about the same as Sweden or Poland. The GDP of Greece is $0.19 trillion.

Houston is home to half of the Fortune 500 companies in Texas. Houston trails only New York City for most names on the list.

We are shut down. The market has NOT priced this in.

Have you sold your stocks?

No, I'm a trend-follower. I'll take a loss, then I'll sell {then they'll go up}

ochotona wrote:The Gross Metropolitan Product (GMP) of Houston-Sugar Land-Woodlands is $0.5 trillion, about the same as Sweden or Poland. The GDP of Greece is $0.19 trillion.

Houston is home to half of the Fortune 500 companies in Texas. Houston trails only New York City for most names on the list.

We are shut down. The market has NOT priced this in.

Still nothing. I hear gas prices are rising, but the stock market and energy sector carry on.

Mr Vacuum wrote:Still nothing. I hear gas prices are rising, but the stock market and energy sector carry on.

FYI, the campuses of BP, ConocoPhillips, and Shell are underwater. We'll see who gets to work next week. Many of their employees are in shelters because they are flooded out, they have no cars to get to work. 10% of structures on the County tax rolls have water in them.

ochotona wrote:

Mr Vacuum wrote:Still nothing. I hear gas prices are rising, but the stock market and energy sector carry on.

FYI, the campuses of BP, ConocoPhillips, and Shell are underwater. We'll see who gets to work next week. Many of their employees are in shelters because they are flooded out, they have no cars to get to work. 10% of structures on the County tax rolls have water in them.

(plugs ears) I can't hear you!

Absolute market price fluctuation is probably not a good barometer for such events:

http://www.nasdaq.com/article/5-worst-d ... ct-cm68124

Perhaps it's not the absolute gains or losses, but rather the performance relative to what it might have been absent the hurricane. It may be that without it, stocks would have jumped after seeing the August jobs report. Instead, they've been fairly flat or gone up only slightly.

This is kind of like Obama's problem after the economic stimulus: there was no way to know if it worked or not.

bit.ly/2hH3pCX

Risk of a melt-up cited. LizAnn Sonders is always a perma-bull, so if she talks about a melt-up, then it could be underway already.

I am really going to enjoy seeing the tweets, or lack of them, when/if this reverses during his term. Anyone's fault but his, of course, when it goes down.

I just reduced my equity exposure from 60% to 55%. With trendfollowing that's likely HBPP drawdown levels. It's getting too crazy.

Liz Ann Sonders and Randy A. Frederick from Schwab have just gotten on a video today, where they have been gently reminding clients that maybe things are getting too frothy, they've sensed sentiment shifting to extremely positive and speculative just in the past few weeks... they are perma-bulls, so maybe this is as much warning as they will ever issue!

https://youtu.be/PTuQGdtlaRY