Down goes the Dow

Don’t call me older, I’m only 68....

Seriously, I coached track for 19 years and have found Facebook as a more efficient way to contact my former student-athletes. I have not completed the movies, books, other information I find as ad bait.

re; anti-fragile. I haven't read it, but I like to think that one reason the West is so rich and stable is that it has developed ways to take hits. Like fascism, communism, populism, trump, Brexit, etc. Because the system is free and allowed to develop by the invisible hand, it can take some big shots and keep going.

And that's my hope for the post trump era - that the stress he has put on the system will in the end strengthen the west.

We'll see.

In the meantime, we're just 2% below the 200 day. I suspect there will be a lot of both buying and selling if we cross it. Some will say 'ok I should have got out last year when we fell below it, here's a nother chance to sell. Others will say 'hey never sell above the 200 day.'

should be interesting.

Racket wrote:

agip wrote:

turns out so far that yeah people may be 'just barely long' but that just means they have a bunch of cash on the sidelines that FOMO can get them to invest.

Good job on FB, Nice to make money on a company like that. Sort of like how I don't feel bad making money on tobacco stocks because they cost me so much in taxes to take care of the sick people ciggies create. Getting a little of it back.

Never thought of it like that but it is like profiting off tobacco. One of my friends is a big oil investor guru and he donates to Arctic wildlife preservation funds every year lol

It's an example of hedging: your cig stocks go up when more people smoke, offsetting your increased health care premiums to take care of those people.

I'm taking this as a good sign that the buying is continuing this far into the new year. I'm used to seeing that pop in the first 2 1/2 weeks of january as investors lock in their IRA purchase for the new year, but many years we see a sell-off by now. I'm sure a lot of it is the FOMO and maybe some buyers coming back into positions after the 30 day wash sale rule expired from their end of year tax loss harvesting.

Facebook pushing up almost 20 points on the day! Bought some more Amazon and TQQQ today on the momentum and expectations for Amazon results after the bell.

seattle prattle wrote:

Bought some more Amazon and TQQQ today on the momentum and expectations for Amazon results after the bell.

At this point, Amazon results are probably priced in, or close to it. I'm not playing that earnings. Should be some good earnings next week to gamble, er, I mean, "invest" in next week.

Just saw this report :

Trump is mulling Herman Cain for Fed seat

https://www.marketwatch.com/story/trump-is-mulling-herman-cain-for-fed-seat-report-2019-01-31

9-9-9

Racket wrote:

seattle prattle wrote:

Bought some more Amazon and TQQQ today on the momentum and expectations for Amazon results after the bell.

At this point, Amazon results are probably priced in, or close to it. I'm not playing that earnings. Should be some good earnings next week to gamble, er, I mean, "invest" in next week.

Amazon currently trading at 15% below its all time high. Maybe priced in, or maybe it has room to move on the upside. I'm betting, er... postulating that it's the latter.

I see it as a last chance to get in at current prices before they rise on a long term positions i have held for a while.

We'll see (and soon).

Bet the stock is under $1,000 over the next year.

Ghost of Igloi wrote:

Bet the stock is under $1,000 over the next year.

Thanks, Igy. With that, the good news was all but delivered.

Boom!

seattle prattle wrote:

Ghost of Igloi wrote:

Bet the stock is under $1,000 over the next year.

Thanks, Igy. With that, the good news was all but delivered.

Boom!

Yes, just my opening a Facebook account. LOL.

Ghost of Igloi wrote:

EIi wrote:

Update: TNA outperforming HSGFX on a YTD basis by +25%, boy that escalated quickly.

Let’s check that figure at the end of the month.

TNA now outperforming HSGFX by 38% YTD. Good call, Igy!

EIi wrote:

Ghost of Igloi wrote:

Let’s check that figure at the end of the month.

TNA now outperforming HSGFX by 38% YTD. Good call, Igy!

OK, let’s move that out a bit. Let’s say 2019 and we can keep track monthly. You got January, good job!

Racket wrote:

seattle prattle wrote:

Bought some more Amazon and TQQQ today on the momentum and expectations for Amazon results after the bell.

At this point, Amazon results are probably priced in, or close to it. I'm not playing that earnings. Should be some good earnings next week to gamble, er, I mean, "invest" in next week.

It's looking like you were right.

Ghost of Igloi wrote:

EIi wrote:

TNA now outperforming HSGFX by 38% YTD. Good call, Igy!

OK, let’s move that out a bit. Let’s say 2019 and we can keep track monthly. You got January, good job!

Moving the goal posts AGAIN? Just admit that HSGFX is a terrible investment.

I’m new here. What is the latest news on Wall Street?

EIi wrote:

Ghost of Igloi wrote:

OK, let’s move that out a bit. Let’s say 2019 and we can keep track monthly. You got January, good job!

Moving the goal posts AGAIN? Just admit that HSGFX is a terrible investment.

No, one year performance still putting your potfolio to shame. Just wait for the 2019 numbers. You will be so embarrassed you won’t even post.

Eli, this is just for you:

https://mobile.twitter.com/ajk13116973/status/1090868155109519361

More for eli:

https://mobile.twitter.com/hussmanjp/status/1090985651615531009

Eli, please understand that Igloi is quoting a fund manager who has signature fund has an avg. loss of 7% per year over a 10 year duration. Many of us find it amazing that they let this guy anywhere near a keyboard, let alone that he apparently still has fund holders.

You came to the right place.