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Stock Thread 2018
- Thread starter Dubbington
- Start date
Smash Allen
Active member
I’m in it for 30 years, these dips just increase my buying power 
SM610
Well-known member
- Joined
- Dec 22, 2004
- Location
- former TL, Foothills now
- Moto(s)
- TTR 125 L, 08 WR250F, CRF230, CRF150F, Surron Ultra Bee, the little bikes are starting to pile up...
Its just a nice way to welcome in the new Fed chairman.
"Its you're mess now..." - Yellen
Barf is the most amazing place where no one has ever made a mistake, everyone is trying to figure out which helicopter to buy with their earnings, and profit shoots out of everyones poo hole... Investment Narnia!
"Its you're mess now..." - Yellen
Barf is the most amazing place where no one has ever made a mistake, everyone is trying to figure out which helicopter to buy with their earnings, and profit shoots out of everyones poo hole... Investment Narnia!
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jt2
Eschew Obfuscation
Exactly. The constant melt-up was starting to be a concern. It is time for a bit of a correction.
In fact, we're way overdue for a bear market. The only thing that keeps me from calling one with full confidence is the how much of an ongoing offsetting effect the corp tax cuts have.
Reli
Well-known member
Trump = pwn3d!!
In all seriousness, I'll be waiting to see what happens after the inevitable bounce.
In all seriousness, I'll be waiting to see what happens after the inevitable bounce.
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Kestrel
Active member
Hahahahaha!
No correction, they (including some of you) told me. Keep waiting, they told me - it'll never happen.
So, so good. Can't wait to do some serious discount shopping.
No correction, they (including some of you) told me. Keep waiting, they told me - it'll never happen.
So, so good. Can't wait to do some serious discount shopping.
900ss
Well-known member
I am and always have been in for the long haul and will sleep soundly tonight. 
I’m in it for 30 years, these dips just increase my buying power
egg-xactly
cash out now after years of dollar cost averaging in to gain some peace of mind on some set balance, you plan to buy back into the market later when things start to look better ... you've just set yourself up to a loss of purchasing power, not to mention avoidable tax liabilty if your account is not tax deferred
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alien
Trump = pwn3d!!
In all seriousness, I'll be waiting to see what happens after the inevitable bounce.
Trump measures his success based on how the market performs. He now has his guy in place at the Fed with a sworn loyalty to trump and likely willing to do whatever to pump stocks. I'm not going to bet against the market for the duration of trump's term. After that all hell may break loose as someone else is left to clean up the mess.
Reli
Well-known member
We'll see a bounce, beginning later this week. Question is whether it will reach and break last month's record peak. I doubt it.
Snaggy
New member
I shortened up more than half my positions in November. I'd still be ahead if I hung in.
When to jump back in the pool?
When to jump back in the pool?
Reli
Well-known member
For the bulk of it, yes
Archimedes
Fire Watcher
Burn baby burn. Market is still ridiculously overvalued. It could drop another 15 percent and it would still be expensive. But it won't, because the herd will jump right back in and bid it back up with no fundamental basis whatsoever.
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alien
A 15% drop would still be higher that the last time I put new money into the market. I figured I missed the getting in point and was waiting for it to cool off which it never did.
Even the most bullish knew some sort of a correction was overdue.
jt2
Eschew Obfuscation
Likewise. I like index ETFs.
SPY - ~30% of (non-real estate) assets
QQQ ~4%
DIA - ~3%
MDY - ~3%
Another 10% or so is spread on other ETFs like SLY, IGM and VTI that also track indexes.
Archimedes
Fire Watcher
What's happened the last few days isn't even close to a correction, even by the outdated standards. The potential correction looming could make the past few days look like a good day. I do expect that the market may be propped up for a bit while people think this constitutes a buying opportunity, but eventually risk and inflation is going to slap the market hard.
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alien
Perma bull Jeremy Segal thinks there could be another 10% drop. Thats concerning and likely means twice that.
zanshin
Well-known member
My primary long position rallied back this morning and I got out with a 10% haircut from the recent peaks. That's it, no more longs except for day trades.
Short position (derivative) made over 160% today.
- All markets (except commodities) are artificially, horribly inflated. Without QE, they will all move toward fair value.
- G4 central banks have stated they are ending QE. If they are telling the truth, then being long any of this crap is asking to get kicked in the teeth.
- Eventually, yields will go up and the dollar will go down. This will destroy the BA real estate bubble in real terms, and most likely in nominal terms as well. If the current bloodbath does not abate, this may be happening sooner than later.
That all there is to it. Smoke the hopium and take your beating, or get on the winning side of the trade and enjoy several years of bull market unwinding in a short period of ultraviolence. (Short period.. eh, eh! The jokes write themselves)
My plan is to make some outrageous moves this year, a go for broke sort of a thing. This is a rare opportunity. I expect to either lose 50% of net worth in the process, or retire early. It is an opportunity to stop being a wage slave, and I'm taking it.