Down goes the Dow

Ghost of Igloi wrote:

https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-03-22.png?itok=Adz-hgTu

?

Bumpus wrote:

Financial Advisor wrote:

No, it doesn’t. Did you even read the Bloomberg article?

“If you’re a long-term investor you want to be able to buy low, and millennials had a chance to add to their retirement accounts at a lower price,” Bankrate.com analyst Taylor Tepper said by phone. “In that sense, it’s very exciting.”

Overall, investors kept calm throughout the turmoil, with just 6 percent of those surveyed pulling cash from their accounts, according to the report.

Bump.

Sure looks like a buying opportunity. I may drop some coin today.

MillenniaI wrote:

Sure looks like a buying opportunity. I may drop some coin today.

How to go out on a limb.

Cramer said don’t be afraid to sell some stock so you can buy at lower levels. Does he know something?

Ghost of Igloi wrote:

Cramer said don’t be afraid to sell some stock so you can buy at lower levels. Does he know something?

That’s what I did. It’s called "buy low, sell high.” Its good advice you might want to take.

Cramer is saying do that today. Is that your advice wise one?

If you believe stocks are going down, then raising cash to buy low makes sense. Sell high, buy low.

MilleniaI wrote:

Ghost of Igloi wrote:

Cramer said don’t be afraid to sell some stock so you can buy at lower levels. Does he know something?

That’s what I did. It’s called "buy low, sell high.” Its good advice you might want to take.

What worthless advice. Obviously.

wortless wrote:

MilleniaI wrote:

That’s what I did. It’s called "buy low, sell high.” Its good advice you might want to take.

What worthless advice. Obviously.

0/10 ??

MilleniaI wrote:

If you believe stocks are going down, then raising cash to buy low makes sense. Sell high, buy low.

You are wise beyond your years.

Bought ORCL.

Gruntz wrote:

Ghost of Igloi wrote:

OK. We’ll just use the S&P 500 as a proxy for your buy on the dip.

Why not. After all, we've been using that and the Dow as a proxy for the gains you've missed out on for the last 3 years.

Hey Igy! How are you doing?

Great action in the markets this week...but from what I hear, volume wasn't all that.

Now that SP500 has hit the 200 DMA, look for the PPT to step up to the plate to try to save the day, again.

IF IF IF IF that 200 DMA is breached at close, or repeatedly intraday, look out below. Especially if it is breached for 2 or more days.

My best guess at this point, if you are trading, would be BTFD and sell on Wednesday. Why? Because false narratives have been propagated that seem to be rectifiable by Trump et al. By blaming the drops on trade war fears, the feds easing or allaying trade war fears will send the markets up again. Easy.

The danger is that they may have let things go too far...but I doubt it. It is no accident that the SP500 stopped falling today at the 200 DMA, and yesterday at the 100 DMA.

We will see what the knee-jerk, easily manipulated administration will do over the weekend and early next week.

I am not a trader, and am glad to be watching all this from the sidelines. It's great entertainment! BTW Bloomberg TV is available live on youtube

Maserati,

Doing well. Completed my second treatment. Some tough days for sure.

In regards to the markets, I felt at some point we would probe the Fedbruary lows and it looks like this may be it. I believe it was 2,532 and we closed at 2,588 on the S&P 500. Certainly agree that there is a lot of money trying to hold the market up. Markets do fall by the weight of their overvaluation. And this is one big fat hog of a market.

Igy

Worst week in the market in 2 years....although the stocks of the War Pigs (Raytheon, Lockheed) are up -- probably the John Bolton appointment.

Dow down nearly 5% in 2018.....more to come.

Enjoy

Ghost of Igloi wrote:

MilleniaI wrote:

If you believe stocks are going down, then raising cash to buy low makes sense. Sell high, buy low.

You are wise beyond your years.

Thanks.

Worst in a while wrote:

Worst week in the market in 2 years....although the stocks of the War Pigs (Raytheon, Lockheed) are up -- probably the John Bolton appointment.

Dow down nearly 5% in 2018.....more to come.

Enjoy

Also spending bill allocated billions for the death machines.

Ghost of Igloi wrote:

Worst in a while wrote:

Worst week in the market in 2 years....although the stocks of the War Pigs (Raytheon, Lockheed) are up -- probably the John Bolton appointment.

Dow down nearly 5% in 2018.....more to come.

Enjoy

Also spending bill allocated billions for the death machines.

But nothing for the Wall. Trump will veto this bill in order to Make America Great Again!

Hugh jass wrote:

Ghost of Igloi wrote:

Also spending bill allocated billions for the death machines.

But nothing for the Wall. Trump will veto this bill in order to Make America Great Again!

He already signed the bill.