Today Market

[manch]

@harriet

Dow only retracted to the level from 4 months ago. Weak.

I am easy to please.

[caiguycaiguy]

@manch

@harriet

Dow only retracted to the level from 4 months ago. Weak.

I am easy to please.

Not for real estate though

[marcus335]

Poor people should first focus on work ethic and increasing their income.

There are plenty of people who rent, are on government assistance, and still take unpaid time off work to vacation.

Get to know some business owners that deal with the minimum wage crowd. They’ll have some amazing stories. The criteria for employees becomes showing up to work relatively close to on time, not drunk, not hungover, and not stoned. Anything above that is considered a bonus.

Then those people will complain minimum wage isn’t a livable wage where if they had more ambition they’d be able to earn a livable wage. Oh, they’ll also regularly turn down more hours when available, so they can have more days off. Working 5 days a week is too stressful and not fun.

[Jil]

@harriet

@manch

We finally made it to EXTREME FEAR
Keep going! Buying opportunity not far ahead.

Dow only retracted to the level from 4 months ago. Weak.

Manch gave a hint, you are missing the hint, but pointing right fact !

Last 4 months exuberant run by market, was it backed by GDP growth? …

Big NO

Now, market is correcting to the fundamental value ! It has corrected enough points down.

IMO, today is one of the lowest, my guess: tomorrow upswing starts (but it may be temp or I do not know how long…etc)

Today, my friends and I started buying madly went into margin toooooooooooo. It is come what may attitude…

One of the stocks BGS went up 5.56% after results. This has 14.5% dividend payer !! This is kind of buy & hold.

[hanera]

@caiguycaiguy

Not for real estate though

Is not what he meant. He is happy that @harriet is back on posting in his forum.

@Jil

Now, market is correcting to the fundamental value ! It has corrected enough points down.

IMO, today is one of the lowest, my guess: tomorrow upswing starts (but it may be temp or I do not know how long…etc)

You and @manch always love to forecast.

@Jil

Today, my friends and I started buying madly went into margin toooooooooooo

I admire your boldness. We are about the same age but you are far more courageous. I did nothing. I do what Jim Cramer advise, Look.

[Jil]

@hanera

@caiguycaiguy

Not for real estate though

Is not what he meant. He is happy that @harriet is back on posting in his forum.

@Jil

Now, market is correcting to the fundamental value ! It has corrected enough points down.
IMO, today is one of the lowest, my guess: tomorrow upswing starts (but it may be temp or I do not know how long…etc)

You and @manch always love to forecast.

@Jil

Today, my friends and I started buying madly went into margin toooooooooooo

I admire your boldness. We are about the same age but you are far more courageous. I did nothing. I do what Jim Cramer advise, Look.

I would say you are cautious like my another friend, who is conservative not to lose any money !
That is good for long term holding.

Sometime I play wild when deep red like this one. If there is a simple 2% jump tomorrow, I can easily remove my margin by selling part of holdings (with profit)

Regarding forecast, Market went way down 4 days in a row…very likely jump back.

For you to know, sold AAPL appx $324 (IIRC) and bought double AAPL at $294 !! Let us see tomorrow. But TSLA, simply added 1x nicely at $800.

FYI: I made a short term SPY put (buy price: $0.90) on last Thursday and sold yesterday ($4.22), made nice return…

[Jil]

@hanera

I do what Jim Cramer advise, Look.

Cramer warns that buying any bounce after Dow's 1,000-point plunge is a...

I am fully aware and understand what he says. For me, I can easily reverse my action (if need be) when I foresee down market again.

The drop is not easy, market makers are kicking everyone at inopportune time like a blitzkrieg !

See the BGS food, I bought, is local market and has nice 14.5% dividend, went down way below and I bought at $12.81. It changed after results and after market to $13.5.

Even if it goes down to $10, which I doubt, I can hold it with 14.5% dividend as long as they paid dividend (which is again doubtful). Local US food market is an essential commodity even if virus attack comes to USA.

[hanera]

Jim Cramer has considered the profile of most retail investors, mostly slow and not nimble like you. Hence is a good advice.

[Jil]

@hanera

Jim Cramer has considered the profile of most retail investors, mostly slow and not nimble like you. Hence is a good advice.

If stocks are really falling by the impact of Carnivorous, then it is true to go down 20% + level.

If stocks are correcting “Last 4 months run”, then it stops here.

Barron gives “The S&P 500 Information Technology fell 3.2%, closing in correction territory – down 10.2% from its peak just four trading days ago.”

Looks to me, it is just correcting 4 months run.

If there is further fall, it may take a DCB and then correct further, may be in 10-15 days, but not immediately this week.

Standard Caveat: These are my own inference (which can go 100% wrong). Viewers must take their decision by their own analysis.

[hanera]

Warren Buffett warns coronavirus will affect business, but he ‘certainly won’t be selling’ stocks

“Most people are savers, they should want the market to go down. They should want to buy at a lower price.”

Saver? Buy stocks?

[caiguycaiguy]

I’m like 20k away from margin warnings, not calls. Fml, so annoying.

[pandeyathotmail]

@marcus335

Just stop. You keep talking about the money poor people save. They don’t save. There’s literally zero statistical evidence of them saving. They aren’t sitting around with hundreds of thousands or millions in savings accounts losing value due to inflation. They are sitting around with less than $1,000 in savings, so it’s not making a difference to them.

Buying SPY every month and holding it takes zero skill, no terminal, no wealth manager, or any of that. The one thing it does take is discipline. Even someone earning a median income will become a multi millionaire by investing 10% of their income each month. It doesn’t get much simpler in terms of following a process. If that is your bar for stock market wizard, then that’s an incredibly low bar.

I do not know why you get so upset about the topic of central banking and money supply. I do not understand what gets you triggered particularly if you seem so sure of your investment finesse?

If you want to protect capitalism, you have to protect the currency. The last 100 years of central banking, deficit financing, and protection given to failing banks and financial institutions have created havoc on the financial system.

One of the key tenets of capitalism is that when losses come to you, you have to accept it. Just as you would keep the profits when they come to you. You cannot come up with creative ways to dump your losses on someone else. That is exactly what is happening. Those who have means will do better. The social discontent with crony capitalism is the reason why people like Bernie Sanders even are considered as a candidate.

And stable currency is good for everyone. Poor and Rich alike. Rich people will be able to focus on creating new business and new products. Of course, their risk will be higher too because they will not be able to socialize their losses and dump it on society. That is what capitalism is. The risk is owned by the person who owns the rewards.

[manch]

Charlie Bilello (charliebilello)

[marcus335]

@pandeyathotmail

@marcus335

Just stop. You keep talking about the money poor people save. They don’t save. There’s literally zero statistical evidence of them saving. They aren’t sitting around with hundreds of thousands or millions in savings accounts losing value due to inflation. They are sitting around with less than $1,000 in savings, so it’s not making a difference to them.

Buying SPY every month and holding it takes zero skill, no terminal, no wealth manager, or any of that. The one thing it does take is discipline. Even someone earning a median income will become a multi millionaire by investing 10% of their income each month. It doesn’t get much simpler in terms of following a process. If that is your bar for stock market wizard, then that’s an incredibly low bar.

I do not know why you get so upset about the topic of central banking and money supply. I do not understand what gets you triggered particularly if you seem so sure of your investment finesse?

If you want to protect capitalism, you have to protect the currency. The last 100 years of central banking, deficit financing, and protection given to failing banks and financial institutions have created havoc on the financial system.

One of the key tenets of capitalism is that when losses come to you, you have to accept it. Just as you would keep the profits when they come to you. You cannot come up with creative ways to dump your losses on someone else. That is exactly what is happening. Those who have means will do better. The social discontent with crony capitalism is the reason why people like Bernie Sanders even are considered as a candidate.

And stable currency is good for everyone. Poor and Rich alike. Rich people will be able to focus on creating new business and new products. Of course, their risk will be higher too because they will not be able to socialize their losses and dump it on society. That is what capitalism is. The risk is owned by the person who owns the rewards.

Now you’re just incoherently rambling and repeating yourself. Repeatedly invalid things over and over doesn’t make them valid.

[Jil]

@pandeyathotmail

@marcus335

Just stop. You keep talking about the money poor people save. They don’t save. There’s literally zero statistical evidence of them saving. They aren’t sitting around with hundreds of thousands or millions in savings accounts losing value due to inflation. They are sitting around with less than $1,000 in savings, so it’s not making a difference to them.

Buying SPY every month and holding it takes zero skill, no terminal, no wealth manager, or any of that. The one thing it does take is discipline. Even someone earning a median income will become a multi millionaire by investing 10% of their income each month. It doesn’t get much simpler in terms of following a process. If that is your bar for stock market wizard, then that’s an incredibly low bar.

I do not know why you get so upset about the topic of central banking and money supply. I do not understand what gets you triggered particularly if you seem so sure of your investment finesse?

If you want to protect capitalism, you have to protect the currency. The last 100 years of central banking, deficit financing, and protection given to failing banks and financial institutions have created havoc on the financial system.

One of the key tenets of capitalism is that when losses come to you, you have to accept it. Just as you would keep the profits when they come to you. You cannot come up with creative ways to dump your losses on someone else. That is exactly what is happening. Those who have means will do better. The social discontent with crony capitalism is the reason why people like Bernie Sanders even are considered as a candidate.

And stable currency is good for everyone. Poor and Rich alike. Rich people will be able to focus on creating new business and new products. Of course, their risk will be higher too because they will not be able to socialize their losses and dump it on society. That is what capitalism is. The risk is owned by the person who owns the rewards.

IMO, you are focusing on things that will not help you in any way.

Rich people will be able to focus on creating new business and new products.

Any one, with proper focus and hard working, can achieve.

My example is Obama, he was not rich, but strong and hard working.
Even for Trump, it is not the money that made him president, but the people of USA.

[Jil]

@Jil

If there is a simple 2% jump tomorrow, I can easily remove my margin by selling part of holdings (with profit)

My stocks jumped 5% overall, sold some stocks and completely came out of margin (with good profit) !

[hanera]

FOMO buy buy buy, buy from @Jil !!! Buy from @manch! Who else?

I realize the GTC purchases that I have cancelled last week was damn good buys, damn, so much for LOOK, … The computation was correct! way before things happened ie down and up again. Power of EW got trumped by reading some articles.

Calls jump up by 30-100% Still below last Thursday price though.

[Jil]

@hanera

I realize the GTC purchases that I have cancelled last week was damn good buys, damn, so much for LOOK

When blood on wall street, I place market orders, not limit orders, nor put sale ! But, our analysis must be near 100% perfect so that we do not lose any money.

See here, BGS jumped 18% and it has 14.5% dividend, it was way down from all valuation by this S&P drop ! This is Warren buffet way, looking at fundamentals, but very small food company 975M, struggling to survive.

BTW: I am not telling only my positives, but most of the picks are positives

[manch]

@hanera

Power of EW got trumped by reading some articles.

EW has good after-the-fact explanation power. Too bad you can’t travel back to the past to buy.

[marcus335]

It seems the 100-day is holding. We dropped just below yesterday but are back above it today.