Printable View
every boomer is clutching their purse right now hoping for a solid bail out by the gov't so they can keep living their best life after all that boot strap pulling they've done ya know riding the greatest wave of economic prosperity everQuote:
Originally Posted by Danno
you are not missing anything
people love fear
some of us just keep on keeping on
The great taking.Quote:
Originally Posted by 406
So it's finally time to fight the fed? Wear GoPro, post footie.Quote:
Originally Posted by Cono Este
It's a bull market for macro charlatans
In stock news: Google lost the Federal Antitrust Case. Judge says company is a ‘Monopolist’
I wasn't timing the market. I am at my number for retirement and with MMs paying 5% and all and my feeling that the markets were over priced I did the sell in May and go away.Quote:
Originally Posted by skaredshtles
Ah - carry on. You just made it sound like you were trying to time the market with the "kicking myself" comment.Quote:
Originally Posted by Bunion 2020
I'm cash/MM heavy now too and keeping an eye out for deals–lots of things haven't even hit their 6mo lows yet so still waiting a few more days. Eg. Apple is still up 20% from March and VTI is still up 20% from last October so a bit to fall before this is my dip. But maybe I will start a spread this week.Quote:
Originally Posted by Bunion 2020
Not financial advice lmao. Of course time-in >> timing
I try not to even look or follow closely but with the rise since 5/1 it was difficult not to, except that I was pretty sure I was right.Quote:
Originally Posted by skaredshtles
Again, time will tell if its a blip a correction or a true sell off.
I got out almost completely early in the pandemic, and despite being wrong about the direction of the market, I slept really well for a *long* time. :DQuote:
Originally Posted by Bunion 2020
Peace of mind is very under rated.
Reminds me of this Italian gem:Quote:
Originally Posted by Bunion 2020
https://dailyitalianwords.com/wp-con...in-italian.jpg
Yah. Holiday in Canada so just woke up and missed the morning meltdownQuote:
Originally Posted by Brock Landers
I did the same early in the Trump presidency. I *knew* that I could be missing out on lots of returns, but also felt much more comfortable not being heavy in the market with such a wild card loon in charge. And I did miss out on a lot. But didn't care.Quote:
Originally Posted by skaredshtles
Saw the news in Asia, futures in Europe and immediately thought of you (weird?).Quote:
Originally Posted by LeeLau
This is the report the Fed needed to see!!! Shits coming to earth eventually but sheeeeiit it’s one jobs and payroll report. PCE number will be interesting (Aug 30).
Taking profits on all duration positions tomorrow. Throw it back into HY.
I mean.... it's a trade and I thought overreaction. If I win or lose some skis then so be itQuote:
Originally Posted by Brock Landers
Up 9+% this session....Quote:
Originally Posted by Kevo
You shouldn’t be in the mkt thinking like that. It’s about $$$ not your feelings.Quote:
Originally Posted by Danno
This vol is just starting. I’m holding until the end.Quote:
Originally Posted by summit
To apply market profile, which is the only “technical” analysis I care about, Yesterday was a rare day where long term sellers and long term buyers squared off after that morning gap. They rarely meet unless the mkt is searching for new value. We may enjoy this old range for a while, we bounced off the low, but yesterday was a bit of a game changer I think.
One jobs report, finally a 2% move, SP500still up nearly 10% this year and our pets heads are falling off.
This is common in a phase transition (hiking to high rates to eventually cut to a neutral rate)- overreaction to data that’s all over the place. Both up and down.
End of the day it’s just one soft jobs report in a market that expects the jobs market to soften. Expect cuts to that neutral rate. Considering vol had been close to the 2017 lows…yeah it’ll be higher.
ThisQuote:
Originally Posted by Cono Este
Read the post again. He wasn’t in the market.
Bc of his feelings. Read the post again.
So? Saying someone shouldn't be invested for any reason is kind of fucking stupid. You know how you get all pissy when people give you shit about BTC? Kind of similar.Quote:
I did the same early in the Trump presidency. I *knew* that I could be missing out on lots of returns, but also felt much more comfortable not being heavy in the market with such a wild card loon in charge. And I did miss out on a lot. But didn't care.
There’s an industry for socially responsible investing
https://money.usnews.com/investing/a...ponsible-funds
Speaking for myself, my risk tolerance prompted me to exit the market when I did. I took Danno's situation to be similar.
^^^ Same. People view risks from a whole slew of viewpoints.
My defense positions and utilities held out pretty well in the bloodbath.
I'm mostly sitting and watching. I made a 4% move in the 401K to QQQ, SPY, and INTC by selling T, VZ, and JEPI.
I think INTC is on sale.
I was gonna sell my F a month ago, sadly didn't.
Bailed out of INTC last quarter when their earnings call discussion about how they could react to changing technology showed a distinct lack of a plan.Quote:
Originally Posted by summit
Happy that the VIX calls sold yesterday when finally woke up worked out. Volatility definitely lives up to its name. Wild swings from 10s back to sub 1s. Certainly a grit the teeth moment
Good call! INTC in the 40s, you sell you win! But now INTC at 20?Quote:
Originally Posted by LeeLau
I'm good at gritting the teeth. Long view.
which is exactly why I got out of the market at that time, because I recognized that it had become about my feelings of doom and I wanted to sleep a little better at night (the fear of doom was still there, but not also tied to fear of financial ruin). Sheesh.Quote:
Originally Posted by Cono Este
Quote:
Originally Posted by byates1
yes, that’s why he was out. no need to tell someone they shouldn’t be in when they were already out…
fact.
He shouldn't be in if he was out. If he was out than he wasn't in. If he was in than out than in well.
Yesterday was the second major down day this summer where I was unable to access my account for hours due to internet f*ckery
That's the plan.
:rolleyes2Quote:
Originally Posted by byates1
Ah. Well, then.Quote:
Originally Posted by byates1
Well than what?Quote:
Originally Posted by ötzi
You know, a lotta ins, a lotta outs, a lotta what-have-yous. And, uh, a lotta strands to keep in my head, man.Quote:
Originally Posted by jono
Not tanking today.
shocking. never could have predicted that.