Dow Down 666 Points

I speculated after hearing you (or hanera). it did well, but i sold it recently, so didn’t take advantage of this large jump.

and yes, their tech is meh.

I am not saying anything about the company’s success. I think mongodb has its use, and i am using it and i like it. I am just saying it’s not ready for prime time :slight_smile:

In other words you “have a few qualms with this app”. :smile:

Me buying fb calls twice at the drops might end up paying off. That and ibkr i am curious how they will play out.

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Volatility should be great for brokers, since there will be more trades.

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yes, that was one of the reasons i bet on IBKR, also because people were talking about (maybe @Jil?) robinhood, and i was thinking IBKR was better :slight_smile:

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:scream: here will go again!! :scream:

Silver lining: this kind of see-saw action is indicative that we are pretty close to a bottom.

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Today is crazy, Google and many other companies went down 5%.

I do not know whether we are close to bottom. What makes you to predict we are close to bottom? Why can not it go further?

What if this become our recession point or recession way ? After all, FED started reducing balance sheet and rate hikes are high and higher further.

The huge movements (>3% rise/fall) see-sawing back and forth. Usually that happens at the bottom. No there’s no recession in sight.

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OMG the trading session is finally over! Hallelujah! :slight_smile:

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Another silver lining: there won’t be Black Friday this week because the market closes for Good Friday. :smile:

Next Monday though… :scream:

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Drowning session came to an end…:joy:

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It seems some people are worried.

A computer model built by Goldman Sachs is signaling that a bear market is right around the corner, but some strategists at the investment bank are not listening to their own indicator.

https://www.msn.com/en-us/money/savingandinvesting/goldman-sachs-computer-model-warns-bear-market-is-near-but-the-firms-analysts-dont-believe-it/ar-BBKMIla?ocid=spartanntp

The volatility will shake out the weak holders. Mr. Market will take you for a ride and your money too!

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This will calm people down. Remember when people thought N Korea was the biggest threat?

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I remember, when Foxlies was saying how dare Obama wanted to talk to Kim, it was a travesty, yada, yada, yada. Now? Oh boy! What an extraordinary achievement. :sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile::sweat_smile:

FWIW. I mainly exited the market today. My only holding are index funds in my 401Ks (which are fire and forget) and about half my liquid reserves which are also in an index fund (since i don’t plan to buy anything in the forseeable future). I have moved the rest of my stock holding to cash which I plan to use to pay down a good chunk of the mortgage on my primary. I wanted to share this information in appreciation for the great advice and fun this forum has provided and also provide my reasoning:

*) I am still up about 6% from Sep 2017 when I got back into the stock market after a number of years (buying stocks not funds) based on the input here - so thank you very much
*) I am a risk averse person by nature and I couldn’t deal with the market gyrations plus the irrationality of the market with regards to some of the counters I had / was looking at
*) Having a good chunk of my assets in stocks during a volatile period was becoming a distraction from work. My being effective at work would make me a lot more money then whatever I was going to make on the stock market
*) I came to the realization, that to a certain extent, I was gambling on the stock market (yes with some educated insight being in tech, but it was still gambling). I could not spare enough time to be proficient and educated about what I was doing
*) I am at a point in my life where I am pretty close to FIRE (for my standard of living), so I am more focused on preserving wealth then growing it rapidly

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Oh one more fun anecdote. I seem to have a talent to crash the market. Every time I buy a car the market has collapsed. 2000, 2008. And in the first two times I didn’t sell my stock and financed my car. This time around (I am picking up my new car on friday evening), I decided to sell ahead of actually receiving the car. :smiley:

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