Gyroscopic Investing

What the heck happened at 1 PM eastern time today?

ochotona wrote:What the heck happened at 1 PM eastern time today?

Hitlery is back in the news - reopening email investigation.

buddtholomew wrote:

ochotona wrote:What the heck happened at 1 PM eastern time today?

Hitlery is back in the news - reopening email investigation.

It moved the market that much? A buy order went through that I wasn't quite expecting, but then the price popped back up. It worked out well, but it was so strange.

I put in a stock buy order at -1% relative to Tuesday's close, and it hit ! Then it kept on going up all day long today !

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.