Dow Down 666 Points

Fidelity, Merrill Edge, ETrade and Schwab :rofl:

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In that case, would liquidate the 10x and buy another SFH in Austin. Thank for the tips.

GDP is supposed to grow 2.5%+ this year.

Yeah the stock market might be volatile, however to think that the market will be decoupled from the economic growth is difficult to visualize in my view.

So, that volatility might be signal to buy for some(during dips) or sell for some depending on the 1+ year outlook.

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10x??

@jil! Stop doing blind leading the blind and pushing lemmings down the cliff! Poor @tomato and @Lulu:scream:

i became poorer alright.

STOPPED No more update hereafter in this thread.

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I am actually going to take your word, and i mean that.

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My mad money, invest aggressively in risky and highly volatile stocks… don’t seem wise in this volatile environment as they become even more volatile. Yes, got a few declines of more than 10%, may be got 30%… but also can go up that amount :slight_smile:

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Yepp the ride could be rocky in the next one year… especially till the mid term elections or a little later.

Follow me and @wuqijun and scream instead. :scream:

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I think a lot hinges on a trade deal with China before all the tariffs become reality. If that happens, the market starts going higher again. Until it happens, there’s going to be a lid on the level of excitement.

We keep bouncing between the 200-day and 50-day moving averages. There’s no reason to make major moves/decisions until the market picks a direction. Some would argue a pause after the big run up is healthy, and this is pretty normal consolidation.

I’d argue people aren’t defensive:

  1. Bond yields are going higher.
  2. Consumer staples have a worse chart than SPY (well below the 200-day)
  3. Utilities are even worse than consumer staples

If people were moving large amounts to safe assets, those 3 would be increasing in value not decreasing.

We’re treading water and waiting for leadership to go higher.

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No please don’t listen to @wuqijun!

I get input from a wide variety of sources. I have even been talking to a professional financial advisor. I just don’t listen to him very much :slight_smile:

Second, I disagree with the assessment that it’s the blind leading the blind! Despite how it might appear, I have a decent level of financial education.

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Mid term election year stock market always falls.

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:scream:

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@Jil is too conservative and @wuqijun is too much of a bull. I think @Jil happens to be right this time around but he was wrong in multiple occasions (no offence dude, but just stating the facts). If I recall correctly he also thought the Fed would not raise rates for the foreseeable future at one point, look what happened.

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How do you square with the January effect? Years with Jan closing higher usually means the whole year will be up. Now that may mean it went down BIG mid year and claw its way back to end up 1 pt higher on Dec 31st. :smile:

That’s fine… I will reevaluate on Dec 31st 2018 with new information available at that time :slight_smile:

I just meant for @Jil not to stop the updates!

@manch put away the popcorn!

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:fireworks: :popcorn: :scream:

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