Stock scream room

Discussion of the Stock portion of the Permanent Portfolio

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pmward
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Re: Stock scream room

Post by pmward » Mon May 06, 2019 5:50 pm

ochotona wrote:
Mon May 06, 2019 5:41 pm
More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises
I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today. Today was the same behavior we were frequently getting last year on negative trade news, a dip in futures and at the open that reverses back up throughout the day. Last year day traders figured this out and it became a very popular and well known trade to buy the market on the mornings that it gapped down on a Trump tweet/negative trade rumors, because you could consistently sell it at the end of the day for a nice profit. It looks like a lot of those day traders used the same strategy again today, so they will likely do it again tomorrow.

Honestly, I think the only thing the market cares about these days is the Fed. Stocks are pretty much fully correlated to Fed expectations right now. Anything other than Fed rumors or actions (earnings, trade talks, etc) are all just taken as unimportant noise.
Dieter
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Re: Stock scream room

Post by Dieter » Tue May 07, 2019 9:44 pm

pmward wrote:
Mon May 06, 2019 5:50 pm
ochotona wrote:
Mon May 06, 2019 5:41 pm
More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises
I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today.
<snip>
Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.

Who knows what tomorrow will bring, but tis interesting times.
pmward
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Re: Stock scream room

Post by pmward » Tue May 07, 2019 9:52 pm

Dieter wrote:
Tue May 07, 2019 9:44 pm
pmward wrote:
Mon May 06, 2019 5:50 pm
ochotona wrote:
Mon May 06, 2019 5:41 pm
More???

Markets Re-Plunge As Lighthizer Confirms Tariff-Hikes After China Reneges On Promises
I think we all can agree the market is overdue for at the very least a small pull-back. But, I wouldn't be surprised if it was taken as "Meh" again tomorrow just like it was today.
<snip>
Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.

Who knows what tomorrow will bring, but tis interesting times.
Yep, today definitely didn't follow suite. But the S&P still closed just above support at 2880. So no real technical damage has been done yet. But if we lose that 2880 that would definitely signal that we are at the very least in a pull-back. Of course, after the run since late December, I think a pull-back is healthy and constructive long term. I think putting in a higher low through a successful retest of 2880, or even the next support line at 2800 would be good confirmation that the new up trend is legit. If we get a weekly close below 2800 I might start to get a little worried. But we will see.
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pugchief
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Re: Stock scream room

Post by pugchief » Wed May 08, 2019 6:43 am

Dieter wrote:
Tue May 07, 2019 9:44 pm


Not a huge one day drop Tue, 5/7, but not exactly 'Meh' either.

Who knows what tomorrow will bring, but tis interesting times.
Sell in May, blah, blah.... ?
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ochotona
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Re: Stock scream room

Post by ochotona » Mon May 13, 2019 9:44 am

Image

Another fine mess the trade kerfuffle has gotten us into...
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Cortopassi
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Re: Stock scream room

Post by Cortopassi » Mon May 13, 2019 11:13 am

The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
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ochotona
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Re: Stock scream room

Post by ochotona » Mon May 13, 2019 6:56 pm

Cortopassi wrote:
Mon May 13, 2019 11:13 am
The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
My Hideout Portfolio is down 0.28% today.
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Ugly_Bird
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Re: Stock scream room

Post by Ugly_Bird » Mon May 13, 2019 7:09 pm

ochotona wrote:
Mon May 13, 2019 6:56 pm
Cortopassi wrote:
Mon May 13, 2019 11:13 am
The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
My Hideout Portfolio is down 0.28% today.
-0.21% for my 4x25 HBPP today
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pugchief
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Re: Stock scream room

Post by pugchief » Mon May 13, 2019 7:22 pm

ochotona wrote:
Mon May 13, 2019 6:56 pm
Cortopassi wrote:
Mon May 13, 2019 11:13 am
The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
My Hideout Portfolio is down 0.28% today.
what is a hideout portfolio?
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ochotona
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Re: Stock scream room

Post by ochotona » Mon May 13, 2019 8:59 pm

pugchief wrote:
Mon May 13, 2019 7:22 pm
ochotona wrote:
Mon May 13, 2019 6:56 pm
Cortopassi wrote:
Mon May 13, 2019 11:13 am
The best part of the PP, IMO, is a day like today.

When the financial media and talking heads are gnashing their teeth about the drop in the market, my PP is up a couple tenths and I can say meh.
My Hideout Portfolio is down 0.28% today.
what is a hideout portfolio?
25 equity, 10 gold, 12 cash, 53 intermediate Treasuries. I'm a long bond and gold chicken.
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pugchief
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Re: Stock scream room

Post by pugchief » Tue May 14, 2019 7:52 am

ochotona wrote:
Mon May 13, 2019 8:59 pm
I'm a long bond and gold chicken.
Aren't we all? :-\
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Kriegsspiel
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Re: Stock scream room

Post by Kriegsspiel » Tue May 14, 2019 7:54 am

Sounds like the newest 007 adventure.
To die, to sleep;
To sleep: perchance to dream: ay, there's the rub;
For in that sleep of death what dreams may come
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