It's not today as most sectors are down but kind of surprised that some of that safety/income has had held up well. I expect them to hold up well on a relative basis but they've done just well in general.
When everyone is so emotionally bearish, now is the time to buy. It always works out well in the end. Looking to buy more closer to the close.
Tough day today. I did buy some GOOG but still caution waiting for capitulation. Many of the Techs hit new 52 week low.
Months ago I mentioned 2400 as an area for GOOGL that I thought wasn't bad so I bought a little today under 2400...about 20% off its highs. But I wouldn't discount that 2000 or even somewhat below as possible.
Plenty of capitulation already. Second day in a row where all sectors are down. That's a very good sign for buying!
I’m ready to hold and even buy more at 2000. Another 100 pts down for AMZN and I’m buying more. Been real conservative only in 10-13% in the market.
Capitulation might be Monday but not enough people scared today. The techs reached the lows but didn’t drastically drop below the previous low. AAPL still holding its price.
With max fear now expected by the market, this tiniest positive news (or less negative) will set off a multi-week rally. Gotta be ready for the flip.
I’d buy more if it dropped around there as well but my point was that I think it’s possible.
Bought NVDA, GOOGL, and a few of my leveraged ETFs. Also did an across the board buy for our E-Trade account.
That's actually not true (as of now). The year lows are still from Feb. The markets are holding up extremely well with absolute max fear hitting them. Gotta be big-time bullish for 2H of the year and beyond.
Why PYPL? Why not SQ or SOFI? I can't figure out which is the best fintech opportunity, so I'm chilling.
I've said this before I don't think of PYPL as fintech...I'm quite simple minded. I just see it as a payment processor. In that space, V and MA are my favorites with PYPL a distant 3rd behind them. I traded it successfully when it was higher but another try in the 150s didn't go my way. It makes money, valuation has gotten much better and still think it's a good company and I'm fine holding it. Little peeved at management though.
From Cramer and Team:
Interesting stuff. I don't know anything about buy-write funds.
S&P oscillator shows a massively oversold market. Emotions and fear are sky high. Sad thing is, there is nowhere else to put money. Bonds? Getting trucked. Real estate? Massive bubble. Cash? Just bleeding off due to inflation. Lots of folks are going to miss the rebound.....whether it is Monday, next month, or next year.
| Mean: | 16.94 | |
| Median: | 15.87 | |
| Min: | 4.78 | (Dec 1920) |
| Max: | 44.19 | (Dec 1999) |
Hopefully no one with long term horizon is pulling out of the stock market. Folks with automatic investments in 401k and personal investment accounts hopefully are not changing their plans. I agree that 10 years from now, the market will go up and this will be yet another blip. However, for the short term investors, this volatility continues to be boon times. My returns for this year have blown the market returns.
^^^^^ Most important lesson for investors. Traders can have their fun with volatility, but I look at corrections and crashes as massive long-term opportunities. I definitely don't have the time or knowledge to be a short-termer. However, I want to maximize these downturns. So, enter the leveraged ETFs. I can have my cake and eat it to.....or at least, that's the plan!
I use options in leveraged ETF's to generate substantial alpha particularly in times of high volatility. I guess I could sell put options and be happy to own the TQQQ, etc. Let me think about it.
Bears are amusing. When things go down a bit, they are convinced it will keep going down forever. Personally, I think S&P 1000 is coming. LOL!
Interested to hear what think after analyzing them. The daily 3x (or 2x) math is really powerful and benefits you on the upswing. It's so strong that you don't need to "time" the bottom that well, just jump in during a correction and it will turn out very lucrative. I'm holding extra cash in this account to improve the CB if the market goes down a meaningful amount more.....is this a hedge?
I like the leverage play but not in this market. its Like betting on red when you see black come up a few times in a row.Man up. Set a buy order for UPRO or SSO.
I "think" you mean "10,000," given your history. "LOL"!
I will be conservative, S&P 10,000 by the end of 2024. Also look for Dow 50,000 and Daq 20,000 around this timeline.
