patrick.net

justme says

The usual financial adviser suspects are being trotted out on all the evening news programs to tell the sheeple not to sell -- it's like 2008 all over again.

And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.

Satoshi_Nakamoto says

And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.

You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 50-60%. The market may or may not recover, but at least you didn't lose 50% of your investment.

mell says

But this is not 2008. The economy is during pretty well (still).

LOL. The economy is not doing well. The only thing that WAS "doing well" for stock prices was 4.3T (that is T as in TRILLION dollars) of Quantitative Easing.

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.

justme says

Satoshi_Nakamoto says

And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.

You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 60%.

Except neither you nor I know when and whether it will drop and what %%. This is exactly the kind of reasoning that got the folks to sit on the sidelines, miss the rebound and not add any new money to the market on the way up. Heck, some are still sitting on the cash patting themselves on the back for not "losing" anything in today's "horrible crash".

It has been a spectacular correction. i think it has a good chance of rebounding. There is simply too much momentum. But having said that this has come from a low of 6,000 I think? So who knows-if I knew I would be a billionaire!!!

I have not found yet a video that does market index values side-by-side with Wall St "hold-long-term" investment advice, but here is a collection of news video clips from Dec 2008.


www.youtube.com/embed/QljG9g3pZ4A

justme says

You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 50-60%. The market may or may not recover, but at least you didn't lose 50% of your investment.

If I could time the market, I would be retired and living in Caligulan splendor years ago.

Sold my WFC, CHK and AMD 3 days ago. Loaded up on frozen concentrated orange juice futures, 5.56 ammo and canned goods. Riding out this storm like a champ.

HowdyThere says

5.56 ammo

Funny I just bought a 5,000 case of M855.

anon_32e86 says

. A lot of folks thinking shorting volatility is free money will lose their shirt

Short it at 28, trust me

We all knew there would be a pullback, but no one knew exactly when. What amazes me the most are all those experts who come on CNBC telling us exactly why the crash happened, but not one of them knew exactly when the pullback would happen either. In other words, they only knew what everyone else knew. Yet they get the big bucks?
LOL. What good are these experts?

Is this because of the hit the American brand is taking globally ?

Let's see.

Tax policy that might cause a deficit of over a trillion during a supposedly strong economy, the kind we should be using to run surpluses, like Jerry Brown is in California (or maybe was)

Tarrifs on solar panels and other items that will do nothing to create American jobs.

Unprecedented international embarrassment on a daily basis from the Dotard in Chief.

Don't worry, be happy. These things are always buying opportunities.

I wouldn't buy the vix here but buying a straddle could work. I'll post some vix research when I have some time

Maybe Alexa, Cortana or Siri can tell me whether I should buy or sell.

Maybe I'm just lucky, but I sold my last investments just a few days before the market started its correction (?). I'm 100% in cash. I have 80% of my Estate going to charity. No Real Estate to deal with, thank God.

jvolstad says

I have 80% of my Estate going to charity. No Real Estate to deal with, thank God.

Where is the other 20% going?

Strategist says

Where is the other 20% going?

My siblings.

jvolstad says

Strategist says

Where is the other 20% going?

My siblings.

I wonder what would happen if you put an ad in the paper that said..."Need the right person who would like to inherit my wealth"

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

I love the “analysts” on the financial programs explaining why the market is crashing. What a bunch of dopes.

mell says

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

Correct me if I am factually wrong, but DJIA closed at 24345 and right now the DJIA futures are at 23443, which amounts to another 898 points drop in the making after market close today. Nobody knows whether this new drop will last until tomorrow morning, but it is well within the realm of possibilities.

CBOEtrader says

Short it at 28, trust me

Short what? The Feb. VX contract was quite under VIX at the close and expires next week. It can easily be pulled up for a few days. VX spreads? M1-M2 has the same issue and the curve is rather flat farther out.

I have been out of XIV and the likes since Feb last year exactly because of what happened today. VXX or UVXY puts? Very expensive right now + the funds are quite unstable at the moment.

justme says

mell says

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

Correct me if I am factually wrong, but DJIA closed at 24345 and right now the DJIA futures are at 23443, which amounts to another 898 points drop in the making after market close today. Nobody knows whether this new drop will last until tomorrow morning, but it is well within the realm of possibilities.

True. Still the doom coverage is interesting.

It's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

———————

The Trumpcucks been saying that this is all Donalds doing now for weeks. While it was going up

errc says

It's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

You mean 2024.

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

lostand confused says

   

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

I never said that.
It's all a poppy show!

lostand confused says

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

bob2356 says

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

Blah, blah, blah. Show me where trump is blaming Obama for this as dems mockingly claim??

Obozo the clown blamed Bush for a long , long time. All of Bush's shennnagins was exposed before eh took office-unlike the soviet style KGB shadow govt he ran and is coming to light now. Liberals, liberals.

Wow Ford is at 10 bucks. I know auto sales is not doing that great- any other bad news?

Like speculated a decent open. Still volatile but looks like fear has subsided some.

anonymous says

“Because the Obama economy was so weak all of these years, we had just artificially cheap money,” Hannity said, referring to a Fox News analysis he had seen on the cable network.

He explained that “cheap money” is from borrowing at “ridiculously low rates,” which he added must now end.

“The government has artificially, the Fed has artificially, kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”

Hannity is right here.

Yep, Interest rates must go up.

bob2356 says

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

If you were paying attention, the Obamacucks have been saying the market rise the last year was because of the wonderful economy Obama left Trump. You know, the one were the market rose 600 points over the last two years with Obama (after 6 YEARS of recovery). So, the Obamacucks have said the 6000 point rise the last year or so was all because of Obama.

So now, those same Obamacucks have to OWN this correction.

See how that works?

Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally.

Trump still has a large cushion before the Dow's postelection gains disappear.

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.

From its high on Jan. 26 at 26,616.71, the benchmark index has declined nearly 2,300 points or 8.5 percent through Monday's close at 24,345.75.

Trump still has a big cushion. The Dow closed at 18,332.74 on Election Day, Nov. 8, 2016, which means it has 6,013 points to go before the Trump rally gains disappear.

Detractors may point to the Dow Jones industrial average's recent stumbles, but the benchmark index has much further to fall before Trump's postelection gains are gone.

https://www.cnbc.com/2018/02/06/heres-how-much-the-stock-market-would-have-to-drop-to-wipe-out-donald-trumps-stock-rally.html

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

errc says

he Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

Yeah- I missed out on massive gains. Moved to buy two rental units instead to diversify and not get in with so much spare cash at these highs. It has been going up for very long-but nobody knows what the high will be. I thought it wouldn't cross 20k but cross it did and went straight up. I did make decent profit before that, but lets see how this correction go-will it go back to lower 20s or lower or go to 30K?

if I knew I would be a billionaire.

mell says

Earnings are solid so I don't see a crash coming.

My concern with that logic is that stocks, and the economy in general are highly manipulated, so earnings aren't the only indicator of where a stock will go. I used to work at Illumina, a company that has gone nowhere but up, yet in 2008, they took a big hit to their stock just like everyone else.