Stock scream room

Discussion of the Stock portion of the Permanent Portfolio

Moderator: Global Moderator

User avatar
Kriegsspiel
Executive Member
Executive Member
Posts: 1809
Joined: Sun Sep 16, 2012 5:28 pm

Re: Stock scream room

Post by Kriegsspiel » Thu Aug 01, 2019 8:31 pm

ochotona wrote:
Thu Aug 01, 2019 4:29 pm
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.
;D ;D ;D ;D ;D
To die, to sleep
To sleep, perchance to dream; ay, there's the rub
For in that sleep of death what dreams may come
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 1504
Joined: Mon Feb 24, 2014 2:28 pm
Location: Illinois

Re: Stock scream room

Post by Cortopassi » Wed Aug 07, 2019 8:47 am

Oh my, the PP is working its magic today. I am up nearly 2%, and I just saw what stocks are doing....
pmward
Executive Member
Executive Member
Posts: 458
Joined: Thu Jan 24, 2019 4:39 pm

Re: Stock scream room

Post by pmward » Wed Aug 07, 2019 9:42 am

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.
User avatar
dualstow
Executive Member
Executive Member
Posts: 8645
Joined: Wed Oct 27, 2010 10:18 am
Location: next to emotional support peacock
Contact:

Re: Stock scream room

Post by dualstow » Wed Aug 07, 2019 2:10 pm

Nice recovery today. I’m almost sorry to see it. O0
The org that doles out .org websites just sold itself to a for-profit company - theVerge
pmward
Executive Member
Executive Member
Posts: 458
Joined: Thu Jan 24, 2019 4:39 pm

Re: Stock scream room

Post by pmward » Wed Aug 07, 2019 2:13 pm

dualstow wrote:
Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it. O0
It's still on low volume. I wouldn't think too much into it.
User avatar
dualstow
Executive Member
Executive Member
Posts: 8645
Joined: Wed Oct 27, 2010 10:18 am
Location: next to emotional support peacock
Contact:

Re: Stock scream room

Post by dualstow » Wed Aug 07, 2019 2:37 pm

pmward wrote:
Wed Aug 07, 2019 2:13 pm
dualstow wrote:
Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it. O0
It's still on low volume. I wouldn't think too much into it.
Well, i have no idea where stocks are going, but i’m comfortable not really buying or selling. Very little of both. Comfortable holding.
The org that doles out .org websites just sold itself to a for-profit company - theVerge
jacksonM
Executive Member
Executive Member
Posts: 364
Joined: Wed Sep 26, 2018 1:59 pm

Re: Stock scream room

Post by jacksonM » Wed Aug 07, 2019 3:00 pm

dualstow wrote:
Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it. O0
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.
pmward
Executive Member
Executive Member
Posts: 458
Joined: Thu Jan 24, 2019 4:39 pm

Re: Stock scream room

Post by pmward » Wed Aug 07, 2019 3:23 pm

jacksonM wrote:
Wed Aug 07, 2019 3:00 pm
dualstow wrote:
Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it. O0
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.
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
Executive Member
Executive Member
Posts: 364
Joined: Wed Sep 26, 2018 1:59 pm

Re: Stock scream room

Post by jacksonM » Wed Aug 07, 2019 3:47 pm

pmward wrote:
Wed Aug 07, 2019 3:23 pm
jacksonM wrote:
Wed Aug 07, 2019 3:00 pm
dualstow wrote:
Wed Aug 07, 2019 2:10 pm
Nice recovery today. I’m almost sorry to see it. O0
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.
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.
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.
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 1504
Joined: Mon Feb 24, 2014 2:28 pm
Location: Illinois

Re: Stock scream room

Post by Cortopassi » Wed Aug 07, 2019 4:05 pm

jacksonM wrote:
Wed Aug 07, 2019 3:47 pm
pmward wrote:
Wed Aug 07, 2019 3:23 pm
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.
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.
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.
Yep.
pmward
Executive Member
Executive Member
Posts: 458
Joined: Thu Jan 24, 2019 4:39 pm

Re: Stock scream room

Post by pmward » Wed Aug 07, 2019 5:40 pm

jacksonM wrote:
Wed Aug 07, 2019 3:47 pm
pmward wrote:
Wed Aug 07, 2019 3:23 pm
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.
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.
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.
That makes more sense. The word "cheap" threw me for a loop there, haha.
User avatar
Cortopassi
Executive Member
Executive Member
Posts: 1504
Joined: Mon Feb 24, 2014 2:28 pm
Location: Illinois

Re: Stock scream room

Post by Cortopassi » Thu Aug 08, 2019 8:55 am

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.
Post Reply