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79   anonymous   ignore (null)   2018 Feb 6, 1:59pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

TwoScoopsPlissken says
Highest Single Day Gains in Two Years!


It's all Obama's fault!
80   anonymous   ignore (null)   2018 Feb 6, 2:02pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
errc says
Wut
errc says
Wut


Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.


I’m diversified in a few other American equities, I thought we were talking about buying stocks now (you said bought the dip). The only American equity I’m currently adding to (drip) is ARLP. Otherwise, all new money goes into Canadian based Cannabusinesse$$$$$. ARLP cut a distribution check today, shen that hits my account next week, I’ll likely dnd dividend reinvestment in them as well, and direct that money to Canada as well. Thanks for your guys concerns, where do you post your investment ideas and recommendations here? Or do you only talk about other people’s?
81   MisterLearnToCode   ignore (4)   2018 Feb 6, 2:03pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.
82   anonymous   ignore (null)   2018 Feb 6, 2:06pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Eric Holder says
errc says
Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?


It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.


Opportunity cost is a two way street. If I sell, i lose out on the quarterly distribution AND book the gains, which means the taxman will want to dip his grubby hands in it.

I have thought of it but I’d rather continue down this current path as it’s been very successful. Feel free to post any picks you have with potential for 50+% gains alongside double digit dividends. Thanks
83   anonymous   ignore (null)   2018 Feb 6, 2:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

mell says
Who's your daddy who called it?


Me?
On Friday I posted that we will see 1000+ point losses on Monday. I think it was in the same post where I implored all to get the easy Eagles money (+4.5/+170). Glorious
84   NuttBoxer   ignore (2)   2018 Feb 6, 2:12pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.

85   anonymous   ignore (null)   2018 Feb 6, 2:14pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.


Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their cards. If only Trumps admin would get their shit together, they will fly
86   mell   ignore (1)   2018 Feb 6, 2:21pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

NuttBoxer says
This is only back to '78, but outside the dotcom bubble I don't see another uptrend that's been as vertical as the one post 2008. That should tell everyone this is not a recent bubble, and will blow long and loud when it finally deflates.


You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically. It's the same with house prices if the gov/Fed wouldn't have intervened and bought all the MBS you'd have seen a real crash/correction lasting much longer, but with organic rebound. So in nominal terms I can see a correction to 20K maybe, a crash would be 15K or so but then valuations would become extremely cheap again in nominal terms because of inflation. But there's a good chance we'll see 30K.
87   mell   ignore (1)   2018 Feb 6, 2:24pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

errc says
TwoScoopsPlissken says
I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.


Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approaching 80k medical cannabis applicants, with over 50k already approved to have their car...


I'd be careful when something is legalized and taken on bu the big boys it will sooner or later be commoditized and margins will become pretty thin. Plenty of competitors out there, like with any other sector by know you have to find the best, can't just buy any MJ cos. Also many scams tasking advantage of the hype. Probably best to stay with bigger ones with a good earnings record.
88   anonymous   ignore (null)   2018 Feb 6, 2:37pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

mell says
errc says
TwoScoopsPlissken says
I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.


Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to share any notes, shoot me an email. I know you’re into Florida, they’re approachin...


That’s usually sound advice, however it’s tough to apply to this sector. Which tickers are you following/investing in this sector?

Applying your advice, can you illustrate how that leads you to the good buys here?
89   mell   ignore (1)   2018 Feb 6, 2:43pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

errc says
mell says
errc says
TwoScoopsPlissken says
I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.


Hard to get into that rn, because of Americas Failed Loser Prohibition that the Republicans not only are unwilling to repeal, they’re unwilling to address. Here’s a hint: Canada, where Freedom, Liberty, jobs and the economy are still valued.

Not to mention, as global policy continues to shift in other, less shitty countries, eventually Hemp will be another commodity and it will be grown en masse in the most favorable climates.

I think we’re still friends here at Patnet if that’s still a thing. If you want to...


I don't know anything about Cannabis stocks. I'd probably look at earnings growth, margins and projected path to profitability if not already profitable. I think Canada is a good decision since they are further and don't have the uncertainty in the US about legalization. Ironically I stay away from Canadian biotechs, seen to many scams, but if I bought a Cannabis stock I'd probably go with Canada as well. I like those that are still small but have an easily projectable path to profitability within 1-3 years where only something major could derail them. A few of my friends are quite invested in Canadian Cannabis stocks.
90   anonymous   ignore (null)   2018 Feb 6, 3:17pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

I don't know anything about Cannabis stocks

———————

My bad, thought i saw you post recently that they were a big bubble. Figured you had some knowledge that led you to that opinion.

As far as earnings goes, good luck using that as ypur guide. Most of these companies don’t have much history of earnings to use as determinants, because Cannabis is still illegal, even in Canada. So it’s impossible to be Conservative and go after safe plays right now in this industry. High risk means high reward, and I’ve always had a healthy fear of recommending any of my companies. Not everyone has my appetite for risk, so unless they are ok with knowing that I’m a gambler at heart, and that these tickers carry enormous risks, I won’t recommend that anyone play this industry like this. Most of my tickers have been 3x/4x/6x gains, and some of them have lost 30+% in the last few weeks. So it’s not for the faint of heart.
91   Quigley   ignore (0)   2018 Feb 6, 9:48pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Quigley says
This is a gimmick perpetrated by traders who want a nice drop and a chance to buy stocks cheaply so they can make a mint on the rebound when people settle down and buy again. Betting a lot of traders will be buying tomorrow or the next day, hoping to reap a windfall on the market bobble.
Looks like a good time to take the safety money out of bonds and toss it into blue chips.


Looks like i was right again.
Me and @cboetrader

Just a bobble.
92   MisterLearnToCode   ignore (4)   2018 Feb 7, 10:01am   ↑ like (2)   ↓ dislike (1)   quote   flag        

Another big gain today:

93   justme   ignore (0)   2018 Feb 7, 10:07am   ↑ like (0)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
Another big gain today:


DJIA is up 0.44%, but NASDAQ is down 0.56%. What up with that?
94   MisterLearnToCode   ignore (4)   2018 Feb 7, 10:08am   ↑ like (2)   ↓ dislike (1)   quote   flag        

Apple paying out a big dividend?
95   mell   ignore (1)   2018 Feb 7, 10:10am   ↑ like (0)   ↓ dislike (0)   quote   flag        

justme says
TwoScoopsPlissken says
Another big gain today:


DJIA is up 0.44%, but NASDAQ is down 0.56%. What up with that?


It's risk-off. When volatility and big down days increase, investors flock to big bellwethers outside of the hype sectors.
96   anonymous   ignore (null)   2018 Feb 7, 12:10pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Most likely outcome from here W bottom that will play over several weeks.

At spikes of volatility, I'm selling Mar 29 calls converting my June calls into calendar spreads. Then buying them back when IV goes down (like today).

FP
97   NuttBoxer   ignore (2)   2018 Feb 7, 1:56pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

mell says
You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.


So then it sounds like you're saying inflation has risen dramatically. Either way I still see the same outcome, though I don't think we'll drop to Venezuela like levels for a few more years. I'd say crash this year to 10,000.
98   NuttBoxer   ignore (2)   2018 Feb 7, 2:01pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
Another big gain today:


Seriously?

99   mell   ignore (1)   2018 Feb 7, 2:01pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

NuttBoxer says
mell says
You have to factor in inflation, which is routinely fudged by the gov, if you count essential goods only inflation has been anywhere from 5%-10%. Compound that and the market has not risen that dramatically.


So then it sounds like you're saying inflation has risen dramatically. Either way I still see the same outcome, though I don't think we'll drop to Venezuela like levels for a few more years. I'd say crash this year to 10,000.


Wow, I can see no less than 15K and even that would surprise me. Wrt to inflation, just look at healthcare, housing, tuition, and now commodities may make a comeback. We'll see. Are you willing to short (some of) the market here?
100   NuttBoxer   ignore (2)   2018 Feb 7, 2:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

mell says
Wow, I can see no less than 15K and even that would surprise me.


In '08 it was roughly 50% right? Using that same measurement, and subscribing to Rothbard's theory of each boom/bust cycle being more spectacular than the last, until manipulation is removed from the system, I think 10,000 is conservative.

mell says
Are you willing to short (some of) the market here?


I'd short Apple tomorrow if you can guarantee me that regulators won't ban short sales when the market plummets.
101   mell   ignore (1)   2018 Feb 7, 2:25pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

NuttBoxer says
mell says
Wow, I can see no less than 15K and even that would surprise me.


In '08 it was roughly 50% right? Using that same measurement, and subscribing to Rothbard's theory of each boom/bust cycle being more spectacular than the last, until manipulation is removed from the system, I think 10,000 is conservative.

mell says
Are you willing to short (some of) the market here?


I'd short Apple tomorrow if you can guarantee me that regulators won't ban short sales when the market plummets.


Yeah, I'd be careful with those. Best is IMO to wait until there is a real economic decline (job losses, low to negative output) and then short a housing ETF by going long SRS. There are no good short candidates ATM. Maybe TSLA, AMZN, APPL, CMG.
102   anonymous   ignore (null)   2018 Feb 7, 2:26pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

TwoScoopsPlissken says
Another big gain today:


,93% is a big gain? I really want some of what you smoke.
103   WookieMan   ignore (0)   2018 Feb 7, 3:00pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anon_e144f says
TwoScoopsPlissken says
Another big gain today:


,93% is a big gain? I really want some of what you smoke.


For an index fund to gain close to 1% is a big nothingburger? The day didn't finish that way, but I sometimes just don't get people. Ultimately the day to day doesn't matter really, it's long term. But yeah, 30 stocks, basically the worlds largest companies, having a good enough day to bring that average up 1% is probably considered a big gain for one day. I see no problem with the statement.

Who am I kidding. Let's just burn it all to the ground. We're doomed!
104   Tenpoundbass   ignore (13)   2018 Feb 8, 5:45am   ↑ like (1)   ↓ dislike (2)   quote   flag        

What happened to the Plunge Protection Team and the volitile trading switch?

Did Obama turn it off so Soros could manipulate the markets again? He did, HE DID! That crooked bastard.
105   anonymous   ignore (null)   2018 Feb 8, 6:38am   ↑ like (6)   ↓ dislike (1)   quote   flag        

anonymous says
Fellow PatNetters - start taking screen shots of your posts, comments and threads.


You can like your own post and it will email a copy to yourself. Then when it gets deleted you can read it again to see there was nothing that even comes close to a personal attack, and know what censorship by a “political opponent “ feels like while you wonder wtf happened to this place
106   Ceffer   ignore (1)   2018 Feb 8, 7:39am   ↑ like (1)   ↓ dislike (0)   quote   flag        

anonymous says
errc says
You can like your own post and it will email a copy to yourself


That's wonderful. "Like" selfies.
107   anonymous   ignore (null)   2018 Feb 8, 10:43am   ↑ like (0)   ↓ dislike (1)   quote   flag        

anon_9ed23 says
because a certain feathered animal said so?

I thought he was mainly invested in APPL and wetbulbs.
108   zzyzzx   ignore (1)   2018 Feb 8, 11:49am   ↑ like (3)   ↓ dislike (1)   quote   flag        

Hutch says
Is this the plan for the grand finale of the military parade?


You do understand that's a made up tweet from a tweet generator?
109   lostand confused   ignore (0)   2018 Feb 8, 1:04pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

It is another 1,000 down today-interesting.
110   MisterLearnToCode   ignore (4)   2018 Feb 8, 1:10pm   ↑ like (2)   ↓ dislike (3)   quote   flag        

Meh.

I'll know the markets up when liberals ignore it like they did most of last year except on a few down days.
111   anonymous   ignore (null)   2018 Feb 8, 1:42pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

lostand confused says
It is another 1,000 down today-interesting.


Interesting indeed
112   HappyGilmore   ignore (1)   2018 Feb 8, 1:50pm   ↑ like (1)   ↓ dislike (1)   quote   flag        

TwoScoopsPlissken says
I'll know the markets up when liberals ignore it like they did most of last year except on a few down days.


It's only newsworthy because our President makes such a big deal about it when it goes up.

If he owns the increases, then he also owns the decreases.
113   anonymous   ignore (null)   2018 Feb 8, 1:59pm   ↑ like (3)   ↓ dislike (0)   quote   flag        

As Warren Buffett likes to say, when fundamentals have not changed, but stocks plummet, that just means they are on sale at a big discount and he's happy about it because it's a buying opportunity.

Another way to look at it: these drops set us back to about 3 months ago.

Of course there is momentum to deal with, meaning that we may still have a lot more people who bought on margin to shake out before things stabilize and start climbing again.

It's all OK with me. Kind of fun to watch the drama, and I laugh at the way that NPR breathlessly announces the "biggest one day point drop ever" without mentioning that it's maybe in the top 500 daily drops percentage-wise, maybe not. And without mentioning the truly record run-up over the last year. They have an anti-Trump agenda to push.
114   Booger   ignore (2)   2018 Feb 8, 2:33pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Notice how its been wildly unstable since the memo was released? Color me, surprised.
115   anonymous   ignore (null)   2018 Feb 8, 3:14pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

lostand confused says
It is another 1,000 down today-interesting.


Horrible, now it's only up 25% for the last year.

Sell... Sell...
116   anonymous   ignore (null)   2018 Feb 8, 3:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Booger says
Notice how its been wildly unstable since the memo was released? Color me, surprised.


Someone is paying attention.
117   anonymous   ignore (null)   2018 Feb 8, 3:14pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HappyGilmore says
It's only newsworthy because our President makes such a big deal about it when it goes up.

If he owns the increases, then he also owns the decreases.


Haven't quite a few here given Obama credit for the last year's run up? You know, following Obama's trend line (of gaining 600 points for 2016).

So this downturn, IS ALL OBAMA's FAULT.
118   HappyGilmore   ignore (1)   2018 Feb 8, 4:04pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

anon_2d3fb says

Haven't quite a few here given Obama credit for the last year's run up? You know, following Obama's trend line (of gaining 600 points for 2016).

So this downturn, IS ALL OBAMA's FAULT.


Sure--give Obama credit for the entire rise and then you can give him credit for the recent fall as well.

Just be consistent. That's all we're asking.
119   CBOEtrader   ignore (5)   2018 Feb 8, 4:24pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

HappyGilmore says
anon_2d3fb says

Haven't quite a few here given Obama credit for the last year's run up? You know, following Obama's trend line (of gaining 600 points for 2016).

So this downturn, IS ALL OBAMA's FAULT.


Sure--give Obama credit for the entire rise and then you can give him credit for the recent fall as well.

Just be consistent. That's all we're asking.


Thank Trump for the economy improving.

Blame no president for market fluctuations.

That is all.
120   Booger   ignore (2)   2018 Feb 8, 4:58pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

S&P 500 is down 10.15% from the high. Officially a correction
121   lostand confused   ignore (0)   2018 Feb 8, 5:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Booger says
S&P 500 is down 10.15% from the high. Officially a correction

Yeah but these things we don't know-in hindsight it will be very clear-a pause or a massive leg down?
122   Hugolas_Madurez   ignore (5)   2018 Feb 8, 5:33pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

lostand confused says
Booger says
S&P 500 is down 10.15% from the high. Officially a correction

Yeah but these things we don't know-in hindsight it will be very clear-a pause or a massive leg down?


So far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down".
123   anonymous   ignore (null)   2018 Feb 8, 5:39pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

HappyGilmore says
Sure--give Obama credit for the entire rise and then you can give him credit for the recent fall as well.

Just be consistent. That's all we're asking.


It is not inconsistent to credit Obama for the past year, and blame Trump for what is to come. Holding a given course is easy. It's the course corrections and decision you make at the helm that are your legacy. To date Trump and the Fed chair have been status quo.

These are currently some interesting waves though. Let's see. Currently the market sees the turbulent flatulence of a porn star raw dogger charlatan. Does it continue?

I don't blame Trump for a '1/2 year gain' sell off in the markets over the past week. I'll blame or credit him for what is next.
124   mell   ignore (1)   2018 Feb 8, 5:50pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Futures green again. Buying that AH / end of market dip is good style ;)
125   NuttBoxer   ignore (2)   2018 Feb 8, 5:52pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Satoshi_Nakamoto says
So far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down"


Really!?

Try massive inflation of a currency backed by nothing, coupled with wild speculation, all at levels unheard of in history.
126   NuttBoxer   ignore (2)   2018 Feb 8, 5:53pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

It's a steep slope down the other side of that mountain...

127   mell   ignore (1)   2018 Feb 8, 5:57pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

NuttBoxer says
It's a steep slope down the other side of that mountain...


did you look at SRS? Good short vehicle (without actually shorting since your buying a short ETF on the long side) for rising rates and hedging long positions against a market crash, up quite a bunch today.
128   Hugolas_Madurez   ignore (5)   2018 Feb 8, 5:58pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

NuttBoxer says
Satoshi_Nakamoto says
So far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down"


Really!?

Try massive inflation of a currency backed by nothing, coupled with wild speculation, all at levels unheard of in history.


Where is the "massive inflation"? In 3% raise the workers have received last year after a decade of no wage growth? That's massive, allright. Yuuuge!
129   Heraclitusstudent   ignore (2)   2018 Feb 8, 6:10pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

I say people who are selling because of "growth" and "inflation" are slightly too optimistic about these 2 things.
130   MisterLearnToCode   ignore (4)   2018 Feb 8, 6:35pm   ↑ like (1)   ↓ dislike (2)   quote   flag        

NuttBoxer says
It's a steep slope down the other side of that mountain...


Same profit taking we saw after the 1986 Tax Cuts, a big reason for the 1987 Drop.

Full Speed Ahead. Just wait until those refund checks come in.
131   anonymous   ignore (null)   2018 Feb 8, 8:46pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Satoshi_Nakamoto says
NuttBoxer says
Satoshi_Nakamoto says
So far I haven't heard a good explanation even for this correction, let alone a potential "massive leg down"


Really!?

Try massive inflation of a currency backed by nothing, coupled with wild speculation, all at levels unheard of in history.


Where is the "massive inflation"? In 3% raise the workers have received last year after a decade of no wage growth? That's massive, allright. Yuuuge!


Exactly, not from inflation.

1) My take, the "Memo" scared some people and the Algobots decided to sell, based on some unknown news.

2) Retail investors have decided to take some cash off of the table, after a 30%+ rise the last year.

3) Once the "bots" start selling, they start feeding off of each other, and some shorts get triggered, adding to the mess.

There was really no negative economic news to trigger it, actually just the opposite, with the jobs report being good, corporate earnings up, etc. Even today we have a really low unemployment report (good news) but still had a sell off. Since 80% of trading is done computer against computer, basic fundamentals don't seem to matter anymore.
132   anonymous   ignore (null)   2018 Feb 8, 9:35pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

I took my 20% gains, will wait for another buying opportunity, buying the dip hard
133   anonymous   ignore (null)   2018 Feb 8, 9:36pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

NuttBoxer says
It's a steep slope down the other side of that mountain...



But on the flip side, I'll take that 18.98% gain the last year compared to an historical average 6%-8% annual gain. Heck, the last two years of Obama, we got -2% in 2015 and like 4% in 2016, not counting the Trump bump in the end, so it's been a Grand Slam the last year under Trump.
134   NuttBoxer   ignore (2)   2018 Feb 8, 11:39pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Satoshi_Nakamoto says
Where is the "massive inflation"?


So central banks and fiat currencies inflate as naturally as your uncle Bob at Thanksgiving dinner. It's what they do. Since our latest incarnation of a central bank circa 1913, the US dollar has lost over 90% of it's purchasing power(i.e. inflation). We stopped redeeming dollars for gold in the 30's, abandoned gold altogether in the 70's, and haven't had a decade without a market crash since. Starting in '08 was this thing called QE, printing presses working overtime.
135   NuttBoxer   ignore (2)   2018 Feb 8, 11:44pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anon_815a8 says
There was really no negative economic news to trigger it


What about all the fucking homeless people in in San Diego? I've lived here 22 years and this is the most I've ever seen. If things are really as good as your government numbers tell you, shouldn't there be less homeless people, not more?
136   NuttBoxer   ignore (2)   2018 Feb 8, 11:47pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

anon_20dcf says
buying the dip hard


If you like dips, check out crypto-currencies. You'll be in dip heaven.
137   WookieMan   ignore (0)   2018 Feb 9, 4:18am   ↑ like (0)   ↓ dislike (0)   quote   flag        

NuttBoxer says
What about all the fucking homeless people in in San Diego? I've lived here 22 years and this is the most I've ever seen. If things are really as good as your government numbers tell you, shouldn't there be less homeless people, not more?


Economy seems to be doing solid by my area. Could it be the homeless got more money in other regions and made their way out to CA? I know it's a little far fetched, but I'd venture to guess a lot of the current homeless are not lifelong CA residents. Just one theory, not saying that's what it is.

If I was homeless in 2 years and having traveled all around the states, CA would be my first choice since I wouldn't be owning a home and living outside mostly. Chicago or any cold weather city would be a nightmare for a homeless person, especially on a day like today for Chicago. Greyhound bus fares aren't all that much.
138   Hugolas_Madurez   ignore (5)   2018 Feb 9, 9:51am   ↑ like (0)   ↓ dislike (0)   quote   flag        

NuttBoxer says
Satoshi_Nakamoto says
Where is the "massive inflation"?


So central banks and fiat currencies inflate as naturally as your uncle Bob at Thanksgiving dinner. It's what they do. Since our latest incarnation of a central bank circa 1913, the US dollar has lost over 90% of it's purchasing power(i.e. inflation). We stopped redeeming dollars for gold in the 30's, abandoned gold altogether in the 70's, and haven't had a decade without a market crash since. Starting in '08 was this thing called QE, printing presses working overtime.


All of this was in place 2 month ago. This doesn't explain the sudden panic.
139   zzyzzx   ignore (1)   2018 Feb 9, 9:53am   ↑ like (0)   ↓ dislike (0)   quote   flag        

anonymous says
anon_815a8 says
My take, the "Memo" scared some people


It wasn't the "memo" - get over the stupid fucking nothing burger "memo" a


Then the timing is completely coincidental???
A tiny rise in interest rates is also to blame.
140   MrMagic   ignore (10)   2018 Feb 9, 9:56am   ↑ like (1)   ↓ dislike (1)   quote   flag        

NuttBoxer says
anon_815a8 says
There was really no negative economic news to trigger it


What about all the fucking homeless people in in San Diego?


Do the homeless in S.D. have much money invested in the market?

NuttBoxer says
I've lived here 22 years and this is the most I've ever seen. If things are really as good as your government numbers tell you, shouldn't there be less homeless people, not more?


You can thank your Dem controlled legislature for that. There's a reason CA leads the nation for the highest number of people on welfare.
141   MrMagic   ignore (10)   2018 Feb 9, 9:56am   ↑ like (1)   ↓ dislike (1)   quote   flag        

anon_f143c says
Heck, the last two years of Obama, we got -2% in 2015 and like 4% in 2016, not counting the Trump bump in the end,


Let that sink in and marinate for a few minutes.

That's years 7 and 8 of Obama's term (you know, the amazing RECOVERY after the recession), after adding how many TRILLIONS of debt to the economy. The market flat lined the last two years.

Yet, some here, want us to believe the 2017 rise in the market was because it was just following the Obama previous "trend line".

Really?
143   anonymous   ignore (null)   2018 Feb 9, 10:10am   ↑ like (0)   ↓ dislike (0)   quote   flag        

What level are you looking at as a bottom?

What value picks are you looking to pick up on discount?
144   Ceffer   ignore (1)   2018 Feb 9, 11:18am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Must be all the "smart money" scattering like cockroaches in the light of day!
145   Patrick   ignore (1)   2018 Feb 9, 11:33am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
that certainly sounds like a personal attack


Yes, that was a personal attack. Deleted.
146   Hugolas_Madurez   ignore (5)   2018 Feb 9, 12:16pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Hutch says
Hey @patrick isn't this also a personal attack?


Press the button then.
147   Patrick   ignore (1)   2018 Feb 9, 12:18pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Hutch says
Sniper says
but since the poster is a member of the protected "Blue" team, apparently it's considered acceptable, and he'll be allow to complain about OTHER posters for attacks instead.


Hey @patrick isn't this also a personal attack? Why has it been allowed to stay?


You're right, also deleted.
148   NuttBoxer   ignore (2)   2018 Feb 9, 1:04pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Satoshi_Nakamoto says
All of this was in place 2 month ago. This doesn't explain the sudden panic.


I see your point. I try to avoid looking too closely for logic and reason in an economy run like this. Do you really need to jump down the rabbit hole if you know what's at the bottom?
149   NuttBoxer   ignore (2)   2018 Feb 9, 1:08pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Do the homeless in S.D. have much money invested in the market?


I'm a believer in the Austrian viewpoint that we over-compartmentalized economics(actually most education), and lost a lot of understanding of root cause as a result. my comment was to the health of the economy overall.
150   APOCALYPSEFUCKisShostikovitch   ignore (36)   2018 Feb 9, 1:18pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Why does Obama hate the Dow?

If he cared, he would send in Michelle to hammer the bell with her dick to give the markets confidence again.
151   MrMagic   ignore (10)   2018 Feb 9, 1:25pm   ↑ like (3)   ↓ dislike (1)   quote   flag        

Hutch says
Sniper says
That's years 7 and 8 of Obama's term


All I know is that while Obama was president the dow never fell 3000 point.


It didn't rise 3000 points in one year either.
152   Quigley   ignore (0)   2018 Feb 9, 1:51pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

Look for a big rally on Tuesday. Traders, optimistic with the budget deal behind congress for two years, will also be pent up with anticipation of trading after the three day weekend. Also everyone who got out of the market will want back in.
Big Tuesday!
153   Hugolas_Madurez   ignore (5)   2018 Feb 9, 3:04pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Intreresting observations in this WSJ article: https://www.wsj.com/articles/understanding-this-markets-rout-1518200572

UPD. Fuck, it was free from the phone "news" app but requires subscription when accessed from a browser.
154   MrMagic   ignore (10)   2018 Feb 9, 3:34pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

anonymous says
He took credit for it on the way up - he owns it on the way down.


Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!

155   MrMagic   ignore (10)   2018 Feb 9, 3:34pm   ↑ like (2)   ↓ dislike (1)   quote   flag        

anonymous says
Perhaps time to revisit the RV purchases and buy something more realistic and akin to what Trump's stock market it doing.


Sure, that 20% rise over the last year has been wonderful!!! It will buy a lot!
156   Patrick   ignore (1)   2018 Feb 9, 6:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Sniper says
Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!


I'm slightly bummed that my massive gains are reduced back to the level they were in November, but hey, it's still a huge win.
157   MrMagic   ignore (10)   2018 Feb 9, 7:03pm   ↑ like (1)   ↓ dislike (2)   quote   flag        

Patrick says
Sniper says
Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!


I'm slightly bummed that my massive gains are reduced back to the level they were in November, but hey, it's still a huge win.


Would you like to swap those gains with the ones you received during 2015 and 2016?

We got too comfortable watching new records day after day. After an approx 35% upside in a little over a year, there had to be a correction, it was way overdue.

Let's hope it's done and we can continue back up.

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