stock market was up today...

#5,405
#5,405
wile_e_coyote_gif_by_drmatthew178-dbkrddb.gif


This one was more appropos
 
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#5,408
#5,408
A correction is good for the long term health of the market. Let's hope the bleeding stops and things start to straighten up tomorrow.
 
#5,411
#5,411
Not time to panic. The market is just where it was around Thanksgiving. S&P 500 made a top at 2873 on January 26th. It rose 7% to that point in just 17 trading days. That is nearly the average yearly return for the S&P. It was just too hot and has to breath.
 
#5,412
#5,412
I've invested in the stock market since I was a teenager. Glocker Hall grad '90.

Sell. At least reduce your stock exposure. The fact that everyone is still bullish is unnerving.

The bond market is rarely wrong. Interest rates are going up, and that's bad for stocks.

Plus, sorry to say it, when Trump is impeached later this year... cliff.
 
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#5,413
#5,413
OuterBanksVol said:
I've invested in the stock market since I was a teenager. Glocker Hall grad '90.

Sell. At least reduce your stock exposure. The fact that everyone is still bullish is unnerving.

The bond market is rarely wrong. Interest rates are going up, and that's bad for stocks.

Plus, sorry to say it, when Trump is impeached later this year... cliff.
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yet earnings are still strong. NVDA hit it after the bell.. for example.

But your point about the bond market is well taken. still makes no sense.
 
#5,415
#5,415
Although not a fan of Carl Icahn himself, I do think he's right about this:

"Billionaire Carl Icahn told CNBC on Tuesday there are too many exotic, leveraged products for investors to trade, and one day these securities are going to blow up the market.

"The market is a 'casino on steroids' with all these exchange-traded funds and exchange-traded notes, he said."

https://www.cnbc.com/2018/02/06/bil...the-current-market-is-a-rumbling-warning.html

Figuring out why the stock market is actually doing something ranks right up there with trying to rationalize why a mass shooter did what he did. Rationality (other than an industrial strength investor wanted to sell high and later buy low and finding a convenient trigger event to stampede the lemmings) is in very short supply where the stock market is concerned - can't say the same for volatility, though.
 
#5,416
#5,416
OuterBanksVol said:
I've invested in the stock market since I was a teenager. Glocker Hall grad '90.

Sell. At least reduce your stock exposure. The fact that everyone is still bullish is unnerving.

The bond market is rarely wrong. Interest rates are going up, and that's bad for stocks.

Plus, sorry to say it, when Trump is impeached later this year... cliff.
Click to expand...

Invested since 1990? I don't believe you. S&P was 340 in 1990, today it is 2,581. In that time between there was a draw down of 50% in '01-02 and another draw down of 58% in '08-09. Plus all kinds of smaller corrections and draw downs along the way. You're telling us you sat tight with those draw downs but are jumping out now because of Trump. Silly.
 
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#5,417
#5,417
SpaceCoastVol said:
yet earnings are still strong. NVDA hit it after the bell.. for example.

But your point about the bond market is well taken. still makes no sense.
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It's risk and return. As bond yields increase, they compete with stocks.

Stocks had a great run. Sideways at best now.
 
#5,418
#5,418
Trump should declare martial law until the markets are fixed and start going higher again

Until then a good military parade will help lift spirits
 
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#5,419
#5,419
Ernest T. Vol said:
Invested since 1990? I don't believe you. S&P was 340 in 1990, today it is 2,581. In that time between there was a draw down of 50% in '01-02 and another draw down of 58% in '08-09. Plus all kinds of smaller corrections and draw downs along the way. You're telling us you sat tight with those draw downs but are jumping out now because of Trump. Silly.
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Ha. No. Lost my ass in 2000. Saw 2007 develop and shorted bank stocks and China stocks, did very well. This has been a great run, although I've had no dog in the fight lately. If you believe stocks went up because of Trump, rest assured they go down the same amount plus some should he be impeached. But that's really not why I'm bearish now. All the good news is baked in.
 
#5,420
#5,420
Ernest T. Vol said:
Not time to panic. The market is just where it was around Thanksgiving. S&P 500 made a top at 2873 on January 26th. It rose 7% to that point in just 17 trading days. That is nearly the average yearly return for the S&P. It was just too hot and has to breath.
Click to expand...

This is where I am. I took a hard look at my portfolio today to decide if I wanted to pull back. Realized I am exactly where I was around mid-December and I thought I was doing pretty damn good then. Right now I’m averaging above 10% annual return the last 24 months which is just above where I want to be with my risk comfort.

I’m holding steady. Earnings are a positive indicator that this is a healthy correction and Dividends haven’t changed. I still have some liquidity to play with too. If the market completely tanks later on I’ll pull back and throw more in at the bottom. I’m even thinking about it now with some cash I have. There are some bargains now if you can find them.
 
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#5,421
#5,421
OuterBanksVol said:
Ha. No. Lost my ass in 2000. Saw 2007 develop and shorted bank stocks and China stocks, did very well. This has been a great run, although I've had no dog in the fight lately. If you believe stocks went up because of Trump, rest assured they go down the same amount plus some should he be impeached. But that's really not why I'm bearish now. All the good news is baked in.
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If you are so sure about the market, why not buy a big leveraged short now? Go ahead and bet all you have and can borrow with a short.
 
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#5,422
#5,422
rjd970 said:
This is where I am. I took a hard look at my portfolio today to decide if I wanted to pull back. Realized I am exactly where I was around mid-December and I thought I was doing pretty damn good then. Right now I’m averaging above 10% annual return the last 24 months which is just above where I want to be with my risk comfort.

I’m holding steady. Earnings are a positive indicator that this is a healthy correction and Dividends haven’t changed. I still have some liquidity to play with too. If the market completely tanks later on I’ll pull back and throw more in at the bottom. I’m even thinking about it now with some cash I have. There are some bargains now if you can find them.
Click to expand...

Yessir.
 
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