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T2Kplus10

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Joey Bags said:
Question becomes is this a one day or a multi day selloff.
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Doesn't really matter. With the Feds and interest rates, all money heads to the market eventually (or back to the market). Perhaps value and mid/small caps start to outperform growth stocks, but the market is the place for returns.

Very good buying opportunity today!
 
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RU05

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T2Kplus10 said:
Doesn't really matter. With the Feds and interest rates, all money heads to the market eventually (or back to the market). Perhaps value and mid/small caps start to outperform growth stocks, but the market is the place for returns.

Very good buying opportunity today!
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Question is what are the good buying ops? The tech stocks which are absolutely tanking? Or go for those more value stocks which might not be down all that much.
 
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T2Kplus10

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RU-05 said:
Question is what are the good buying ops? The tech stocks which are absolutely tanking? Or go for those more value stocks which might not be down all that much.
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I'll probably buy more VONE and VWIGX today. Trying to increase these in my brokerage account anyway with that extra cash. I have another purchase scheduled for tomorrow as well (our normal schedule).
 
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RU05

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India continues to be an interesting situation.

On the one hand they have a rather miniscule 50 deaths per million.

On the other hand their cases and deaths just continue an upward climb. They have now put up back to back 80K case days which makes up around 30% of the worlds daily cases, and are now pretty consistently over 1000 deaths.

Now the deaths have plateaued over the last couple weeks, so I wonder if their cases are not a result of increased testing. Still with that many cases the deaths are going to follow.
 
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RU05

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Another little interesting statoid from a couple days ago.

USA Cases 41,980 Deaths 1164.
Brazil Cases 41,889 deaths 1166.

Now that is some symmetry.


Edit: wrong thread.
 
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RUinPinehurst

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Valuations still skyhigh. Lots of room to drop before valuations are justified.

Current S&P 500 P/E: 29.70 -1.08 (-3.51%)
4:00 PM EDT, Thu Sep 3

Mean:15.82
Median:14.83
Min:5.31(Dec 1917)
Max:123.73(May 2009
 
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RU05

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So Dow up around $80 in pre market. It was up $200 earlier.

Nasdaq down $150, but alot of that may have been after hours from yesterday.

So money might be trying to come back in, and it looks like it may be rotating out the high flyers.

See how it plays.
 
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T2Kplus10

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Unemployment down to 8.4%, much better than expectations:


 
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RUinPinehurst

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Take those unemployment numbers with a grain of salt. 4Q will be rough, I'm afraid. Not to mention the new year beyond....
 
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T2Kplus10

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RUinPinehurst said:
Take those unemployment numbers with a grain of salt. 4Q will be rough, I'm afraid. Not to mention the new year beyond....
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Thanks for the doom and gloom. Don't buy it. The market, unemployment, and overall economy are doing much, much better than the dire predictions several months ago.
 
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rutgersdave

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Crazy times, I sold half of my AMZN, all my FB, MSFT, half PYPL on Wed. I wish I sold everything on Wed. I brought AMZN back a little too early yesterday when down about $160, and brought some MSFT, NVDA, BDX ABBV, and FB today. looking for good stock down 7-10% already and expect more downside at closing. Will buy ADBE later today.

i’m just trading but BDX is down about 50 points and it almost always goes back to its 52 week high before earnings.
 
BIGRUBIGDBIGredmachine

BIGRUBIGDBIGredmachine

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rutgersdave said:
Crazy times, I sold half of my AMZN, all my FB, MSFT, half PYPL on Wed. I wish I sold everything on Wed. I brought AMZN back a little too early yesterday when down about $160, and brought some MSFT, NVDA, BDX ABBV, and FB today. looking for good stock down 7-10% already and expect more downside at closing. Will buy ADBE later today.

i’m just trading but BDX is down about 50 points and it almost always goes back to its 52 week high before earnings.
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Calling @Caliknight @T2Kplus10 !
#BlueHorseshoeDave nails his market timing again!!!!!!!! [roll] [roll] [roll] [roll]

 
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rutgersdave

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BIGRUBIGDBIGredmachine said:
Calling @Caliknight @T2Kplus10 !
#BlueHorseshoeDave nails his market timing again!!!!!!!! [roll] [roll] [roll] [roll]

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That’s what happens when you’re patience. All the high flying tech stocks, as I said in the past, go down 10-20% every quarter you just have to wait and they normally go back to their highs before the earning call.

I brought at 7% down and now they down another 3-5% and brought a little more. At 15 and 20% down will buy more in increments. Not for the faint of heart.
 
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BigWill

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RU-05 said:
Unemployment is currently over 10%.

If you want to make some statement other then "it's the economy stupid" fine, but none of these points you are bringing up can support that.
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August Employment ADDS; 1,400,000 jobs.

Unemployment drops to 8.4 %

Stupid is as stupid does....

The Markets have given everyone a chance to jump on board TWICE in less than 4 years for MEGAINCREASES of their individual stock portfolios; When President Trump was elected and when the Chinese Communist Party released Wuhan Virus on the world and 'social media' ruled the economic policies of the world and tanked the economy. President Trump has rebuilt the US Economy now TWICE in one term.

VOTE
 
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BIGRUBIGDBIGredmachine

BIGRUBIGDBIGredmachine

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rutgersdave said:
That’s what happens when you’re patience. All the high flying tech stocks, as I said in the past, go down 10-20% every quarter you just have to wait and they normally go back to their highs before the earning call.

I brought at 7% down and now they down another 3-5% and brought a little more. At 15 and 20% down will buy more in increments. Not for the faint of heart.
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Caliknight

Caliknight

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BigWill said:
August Employment ADDS; 1,400,000 jobs.

Unemployment drops to 8.4 %

Stupid is as stupid does....

The Markets have given everyone a chance to jump on board TWICE in less than 4 years for MEGAINCREASES of their individual stock portfolios; When President Trump was elected and when the Chinese Communist Party released Wuhan Virus on the world and 'social media' ruled the economic policies of the world and tanked the economy. President Trump has rebuilt the US Economy now TWICE in one term.

VOTE
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Truly remarkable. Greatest President ever. Meanwhile, watching Biden finally taking prepared questions is hilarious. The hate this man has is astounding.
 
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RU05

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BigWill said:
August Employment ADDS; 1,400,000 jobs.

Unemployment drops to 8.4 %

Stupid is as stupid does....

The Markets have given everyone a chance to jump on board TWICE in less than 4 years for MEGAINCREASES of their individual stock portfolios; When President Trump was elected and when the Chinese Communist Party released Wuhan Virus on the world and 'social media' ruled the economic policies of the world and tanked the economy. President Trump has rebuilt the US Economy now TWICE in one term.

VOTE
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So 8.4% unemployment is good?
 
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RU05

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T2Kplus10 said:
Compare 8.4% unemployment to the hysterical CL predictions several months ago!
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To be fair I don't think those predictions factored in the amount of fed and gov't intervention.

And I've been all for it but we have certainly ran up the dept that at some point we will all have to work to pay off.
 
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patk89

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rutgersdave said:
That’s what happens when you’re patience. All the high flying tech stocks, as I said in the past, go down 10-20% every quarter you just have to wait and they normally go back to their highs before the earning call.

I brought at 7% down and now they down another 3-5% and brought a little more. At 15 and 20% down will buy more in increments. Not for the faint of heart.
Click to expand...

Simply untrue. Earning call season ended weeks ago and yet you sold on Wed the day before a selloff? Color me skeptical.
 
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BIGRUBIGDBIGredmachine

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rutgersdave said:
That’s what happens when you’re patience. All the high flying tech stocks, as I said in the past, go down 10-20% every quarter you just have to wait and they normally go back to their highs before the earning call.

I brought at 7% down and now they down another 3-5% and brought a little more. At 15 and 20% down will buy more in increments. Not for the faint of heart.
patk89 said:
Simply untrue. Earning call season ended weeks ago and yet you sold on Wed the day before a selloff? Color me skeptical.
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Click to expand...
#oops
 
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rutgersdave

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patk89 said:
Simply untrue. Earning call season ended weeks ago and yet you sold on Wed the day before a selloff? Color me skeptical.
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Well, I did sell off earning season but this market ain’t normal anymore so had to buy in again. I should have waited but I did buy into the market with 20%. Sold to get me to 15% and now I think I have about 35% in the market. Willing to buy if it goes another leg down Tuesday. I don’t know, I might be buying too early right now. This market is going to 20-25% down at some point.

This is a scary overpriced market which can drop anytime like the last two days. The positive is that Trump will try to keep the market up at least till the election but I am wary of next earning season in Sept-October. This market has no relationship to earnings or the economy just turbo boost by low interest rates and government buying corporate bonds.
 
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rutgersdave

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rutgersdave said:
Well, I did sell off earning season but this market ain’t normal anymore so had to buy in again. I should have waited but I did buy into the market with 20%. Sold to get me to 15% and now I think I have about 25-30%. Willing to buy if it goes another leg down Tuesday. I don’t know, I might be buying too early right now. This market is going to 20-25% down at some point.

This is a scary overpriced market which can drop anytime like the last two days. The positive is that Trump will try to keep the market up at least till the election but I am wary of next earning season in Sept-October. No relationship to earnings or the economy just low interest rates and government buying corporate bonds.
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The stocks normally drop after earning season but they didn’t go down this July and kept shooting right up.
 
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rutgersdave

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rutgersdave said:
Well, I did sell off earning season but this market ain’t normal anymore so had to buy in again. I should have waited but I did buy into the market with 20%. Sold to get me to 15% and now I think I have about 25-30%. Willing to buy if it goes another leg down Tuesday. I don’t know, I might be buying too early right now. This market is going to 20-25% down at some point.

This is a scary overpriced market which can drop anytime like the last two days. The positive is that Trump will try to keep the market up at least till the election but I am wary of next earning season in Sept-October. No relationship to earnings or the economy just low interest rates and government buying corporate bonds.
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Will this market go up or down next Tuesday and next week?
 
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