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Stock Thread 2018

I didn't mean to say the budget thing had anything to do with the broader decline. But daily news stories can easily cause a 5-6% effect over a week. Whether it's the budget, war, trade, whatever......it happens.
 
Archimedes said:
Market troubles have nothing at all to do with the potential partial government shutdown and everything to do with the end of cheap money coupled with valuations that got ridiculously ahead of themselves.
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This is not true at all. Markets move just from the news of something maybe happening, without it actually happening. The days of markets moving on rational fact based information are long gone. If a Kardashian says that stocks are stupid, it drops.
 
byke said:
This is not true at all. Markets move just from the news of something maybe happening, without it actually happening. The days of markets moving on rational fact based information are long gone. If a Kardashian says that stocks are stupid, it drops.
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Nonsense. Idiots in the media say it and people believe it's true, when it's total fucking nonsense with no basis in any real fact. Just reading the press in a single day, it's a litany of contradictory nonsense about why the market's moving this way or that. Blind leading the blind.

The market is falling because it was, and still is, massively overvalued. Even at its current 'depressed' levels (what a fucking joke that statement is), it still needs very favorable economic conditions and cheap money to even begin to justify these valuations.

Cracked me up last week reading a pundit's comment about how Nvidia's fall was 'an example about how a market can go away in flash', as if their valuation drop was all about the crypto collapse and not about the simple fact that a valuation of 11x revenue for that company was fucking retarded. Nvidia is still overvalued at 6x, but, if you listen to the tards in the media, it's 'beaten down because investors were surprised about collapse of bitcoin'.
 
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Nonsense what? Something happens in the news, the Fed says something, OPEC says something, Trump says something...….the market moves 2-3%. Happens all the fucking time, for completely logical reasons.
 
Archimedes said:
Nonsense. Idiots in the media say it and people believe it's true, when it's total fucking nonsense with no basis in any real fact. Just reading the press in a single day, it's a litany of contradictory nonsense about why the market's moving this way or that. Blind leading the blind.

The market is falling because it was, and still is, massively overvalued. Even at its current 'depressed' levels (what a fucking joke that statement is), it still needs very favorable economic conditions and cheap money to even begin to justify these valuations.

Cracked me up last week reading a pundit's comment about how Nvidia's fall was 'an example about how a market can go away in flash', as if their valuation drop was all about the crypto collapse and not about the simple fact that a valuation of 11x revenue for that company was fucking retarded. Nvidia is still overvalued at 6x, but, if you listen to the tards in the media, it's 'beaten down because investors were surprised about collapse of bitcoin'.
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Let's not mix up reality with the way things should be. If the market is falling because it's overvalued, then how did it rise while being overvalued? At some point here you're going to have to admit that it moves via idiocy *in reality* and it's just a matter of how many words you and I feel like typing to get there.
 
Umm not sure from Hyper. I think the market segment, and price points are somewhat different.
 
The Hyper is just a pretend motard, its nice but its too heavy for tight stuff and too twitchy for track use. The 790 is closer to the mark. It does look like they were working with a limited budget though.
 
JesasaurusRex said:
Sweet, getting one?
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Its the cheapest of the 3 bikes I'm interested in for my next bike. The other 2 being the Speed Triple RS and the Monster 1200R. I like a bike with a bit of mass for the highway part of the ride.

Hey to keep it on topic before someone complains, might be a good time to buy more GoPro.
 
401(k) is down 13.5% this year, all of it since September. Party on, Wayne. :party

I'm a long way from retirement and investing consistently. For those in my position, investing regularly, it's a long term buying opportunity, although it sucks watching the numbers spool down week by week.
 
The bottom is either yesterday, or tomorrow, or next month or not worth worrying about.

I have sold a small amount of one position and bought two others. I've been through several of these events. Either you stay in or you don't. Don't try to catch market bottom.
 
Trump wants to fire Powell. Might be a good time to be sitting on the sidelines while the chaos plays out.
 
the way i see it, the way the equity market performed in 2017 especially was an anomaly. i have never seen my retirement and brokerage account balances grow so quickly. the larger the balance grew, the more easily it was to be complacent.

i've been in 40% equities all this time. i was approaching a sweet benchmark in terms of a balance goal in the middle of september. but we know what happened starting in october, and then i had been uneasy for quite the last few weeks. once my total account balance fell to a certain amount, i sold all of my equities (on thursday) and i can't tell you how peaceful i feel today :)

i can't say i am waiting for the bottom but i will need to rethink my strategy on how to grow my savings in these uncertain times.
 
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