Is the stock market going to tank?

[skaredshtles]

Peace of mind is very under rated.

Reminds me of this Italian gem:

[LeeLau]

You selling more of it? Midas whale right?

Yah. Holiday in Canada so just woke up and missed the morning meltdown

[Danno]

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.

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.

[Brock Landers]

Yah. Holiday in Canada so just woke up and missed the morning meltdown

Saw the news in Asia, futures in Europe and immediately thought of you (weird?).

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.

[LeeLau]

Saw the news in Asia, futures in Europe and immediately thought of you (weird?).

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 it

[summit]

Nikkei is down more than 12% today and 23% in a month.

It's now back down to 1989 levels. Japan spent 35 years clawing their way back from the 1990 crash only to crash again a few months later.

Up 9+% this session....

[Cono Este]

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.

You shouldn’t be in the mkt thinking like that. It’s about $$$ not your feelings.

[Cono Este]

Up 9+% this session....

This vol is just starting. I’m holding until the end.

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.

[Brock Landers]

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.

[byates1]

You shouldn’t be in the mkt thinking like that. It’s about $$$ not your feelings.

This

[m2711c]

Read the post again. He wasn’t in the market.

[byates1]

Bc of his feelings. Read the post again.

[Bunion 2020]

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.

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.

[Self Jupiter]

There’s an industry for socially responsible investing

https://money.usnews.com/investing/a...ponsible-funds

[skaredshtles]

Speaking for myself, my risk tolerance prompted me to exit the market when I did. I took Danno's situation to be similar.

[Bunion 2020]

^^^ Same. People view risks from a whole slew of viewpoints.

[summit]

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.

[LeeLau]

My defense positions held out pretty well in the bloodbath.

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.

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

[summit]

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.

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?

I'm good at gritting the teeth. Long view.

[Danno]

You shouldn’t be in the mkt thinking like that. It’s about $$$ not your feelings.

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.

[m2711c]

Bc of his feelings. Read the post again.

yes, that’s why he was out. no need to tell someone they shouldn’t be in when they were already out…


fact.

[byates1]

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.

[boltonoutlaw]

Yesterday was the second major down day this summer where I was unable to access my account for hours due to internet f*ckery

[byates1]

That's the plan.

[skaredshtles]

That's the plan.