Dow Down 666 Points

stocks

#1630

Loving life… my oil stocks took off and FB doing the best in years. Waiting for Amazon to drop below 1300 to buy. This market will be choppy till November. But even if Trump gets impeached we conservatives will be happy with Pence… no matter how much shit Mueller piles on Trump. Won’t touch Tesla even at 190.
Plus I got another off market offer on my Tahoe apartments. Need a 1031. Maybe in San Diego.


#1631

Good advice on the oil stocks. I ended up financing the Tesla with TechCU since they offered 1.9% APR and dumped what I was going to pay for the Tesla into XOM. Good dividend and didn’t see too much stormy winds for it even if the market tanked. Will benefit from the dividend vs interest arbitrage (and potential appreciation) vs paying cash on the Tesla


#1632

Another stock meltdown on the horizon. :scream:


#1633

you mean tomorrow?


#1634

I’d laugh one people realize what a Bible thumber Pence is.


#1635

If he fired mueller on Friday then black Monday. :scream: Can Mueller last that long?


#1636

Im gonna hedge, if i have tomorrow. Some puts.


#1637

The eminent technical analyst Walter Deemer, who gained a wide following at Merrill Lynch, Putnam Investments and his own firm starting in the 1960s, said on Twitter, “A market that swings violently in both directions without making any net progress is usually a sign of a reversal rather than a consolidation.” By this, he says he means a potential reversal higher following this two-month tailspin.


#1638

Buy the dip then, at your own risk of course


#1639

manch is looking for diamond in the dust.


#1640

Is it even possible to find diamond in the dust? Is it diamond dust?


#1641

Market has sold the rumor of a strong earning news. Will it buy the news? :thinking:


#1642

Market mania has not really happened. I think the peak hasn’t reached yet.

We need to have a stock mania like Bitcoin mania we have seen. Housing mania in BA is even more than stock mania. Stock has been rising fast but the public didn’t show too much enthusiasm. What will entice the public to create an extreme stock mania?


#1643

No stock mania until Dow is at 50k. No housing mania until homes soar to $3M.


#1644

When folks like you start to buy? So far only laggard like elt1 bought which mean end is nigh. However, we need Johnny come lates :slight_smile: to create a Carnival.


#1645

When I can buy stocks and watch it double in 1 week, I may give it a try. Probably not spend too much time and too much money. KODK did not rise enough to make it interesting. People are too rational, we need a more crazy public to experience a stock mania. Millennials are not interested in stocks, they might have lost half of money in bitcoins already. Boomers are retiring and they are not interested in risks. Gen-Y is too small.


#1646

I had no idea I could sway the market. I sold a house in October and have been diversifying. With trust deeds and stocks. Most still in cash.

Buffet is 20% in cash a record 5 times his usual amount.
$116b out of near $500b
Sounds bearish


#1647

WB always has 20% - 30% cash reserve. When he gets a deal, he needs big money. He never lets it down below 20%.


#1648

According to the article he normally had $20b in cash. Now 6 times that.


#1649

Companies like Berkshire are often reluctant to take more than a 10% stake in a given stock as doing so comes with the requirement of increased disclosures and reporting to the SEC… Berkshire just increased its stake in Apple by 23%, but it could add to it as it only owns 3.3% of the iPhone maker.

Just wish some clowns sell short AAPLs to $160s, then WB would rush in to buy buy buy :slight_smile: