https://pbs.twimg.com/media/D6C05MEWAAAa7tr.jpg:large
Just because the thread about what age women look best was deleted.
Tyra Banks is 45.
Just because the thread about what age women look best was deleted.
Tyra Banks is 45.
Markets flat today, an excellent outcome considering what was projected. Has dug in its heels.
Racket wrote:
Ghost of Igloi wrote:
Most indices are below the previous highs, unable (yet) to advance higher. The enthusiasm for the market has been shaken, but not broken (yet). I believe we are in a bear market. If, all the indices advance above their previous highs in a broad advance that would change my current view.
NASDAQ and SP500 did make new all time highs. It's not a bear market rally when you start making new highs. Fact of the matter is we just had the first ever V shaped recovery in the history of the stock market. This is a new era of US monetary policy and still somewhat young. Also, we have a retard as president that can tweet the market +/- 2% on any given day.
People looking at historical results should take caution because this is a new era of algorithm driven trading and Fed/government secured monetary policy. Debt and all the fundamentals you once loved and held true don't matter anymore (or at least, they matter less today). There's no reason to believe we won't be right back at 26k for the Dow this time next year. How many of you actually thought on Christmas Eve it would recover to near all time highs in only like 3 months time? Be careful out there
So true.
The reason that this is not a bear market is exactly what Maserati captures in the very next post:
Maserati wrote:
While there may be some bumps and twists in the road, it still goes to the same destination.
I’m actually hoping for a down day, I might pick up some things to sell into the inevitable recovery.
If b&h does pan out, I will have my cake, and eat it too.
If things really tank, I am ready to buy the dividend portfolio I have been developing.
Buying the dips like has happened today is not indicative of a bear market. It's indicative of a hurking recovery that has come a long way without a breather, after a hellacious downturn on a multi-year bull market.
I don't think most traders are thinking this run up is over. I bought a little more 3X Tech. ETF today, albeit very poorly timed, but i did have an opportunity to get out with a nice little profit but pushed up the limit price too high as i was getting greedy.
Anyway, I'm a little leary if we are in for a stretch of a lot of daily volatility in that the leveraged ETFs can get sucked dry in that case.
Racket wrote:
Ghost of Igloi wrote:
Most indices are below the previous highs, unable (yet) to advance higher. The enthusiasm for the market has been shaken, but not broken (yet). I believe we are in a bear market. If, all the indices advance above their previous highs in a broad advance that would change my current view.
NASDAQ and SP500 did make new all time highs. It's not a bear market rally when you start making new highs. Fact of the matter is we just had the first ever V shaped recovery in the history of the stock market. This is a new era of US monetary policy and still somewhat young. Also, we have a retard as president that can tweet the market +/- 2% on any given day.
People looking at historical results should take caution because this is a new era of algorithm driven trading and Fed/government secured monetary policy. Debt and all the fundamentals you once loved and held true don't matter anymore (or at least, they matter less today). There's no reason to believe we won't be right back at 26k for the Dow this time next year. How many of you actually thought on Christmas Eve it would recover to near all time highs in only like 3 months time? Be careful out there
NASDAQ and S&P 500 are distorted by the weightings of a handful of stocks. Specifically the six largest companies by market cap in the S&P 500 are equal to the bottom 290 companies. Using the much broader NYSE Composite is still below the January 2018 high, while the Dow remains below the September 2018 high.
Belief that we are in a new era of monetary policy is naive at best. If you are referring to MMT, it is not modern, not monetary and not a theory.
Igy
seattle prattle wrote:
The reason that this is not a bear market is exactly what Maserati captures in the very next post:
Excuse me? Igy said it IS a bear market!
Who you gonna believe...Maserati or Igy?
Ghost fan wrote:
seattle prattle wrote:
The reason that this is not a bear market is exactly what Maserati captures in the very next post:
Excuse me? Igy said it IS a bear market!
Who you gonna believe...Maserati or Igy?
Well, Maserati.
And I agree with you. I am saying that even though Igy insists we are in a bear market rally, we cannot be because too many investors feel like Maserati - even downturns are met with buying the dip. Hell, I did it today, too.
Ghost of Igloi wrote:
Racket wrote:
NASDAQ and SP500 did make new all time highs. It's not a bear market rally when you start making new highs. Fact of the matter is we just had the first ever V shaped recovery in the history of the stock market. This is a new era of US monetary policy and still somewhat young. Also, we have a retard as president that can tweet the market +/- 2% on any given day.
People looking at historical results should take caution because this is a new era of algorithm driven trading and Fed/government secured monetary policy. Debt and all the fundamentals you once loved and held true don't matter anymore (or at least, they matter less today). There's no reason to believe we won't be right back at 26k for the Dow this time next year. How many of you actually thought on Christmas Eve it would recover to near all time highs in only like 3 months time? Be careful out there
NASDAQ and S&P 500 are distorted by the weightings of a handful of stocks. Specifically the six largest companies by market cap in the S&P 500 are equal to the bottom 290 companies. Using the much broader NYSE Composite is still below the January 2018 high, while the Dow remains below the September 2018 high.
Belief that we are in a new era of monetary policy is naive at best. If you are referring to MMT, it is not modern, not monetary and not a theory.
Igy
Then those weightings would also effect it negatively as well. I could just as easily have said in December "this isn't a real bear market because it's just a few companies that are over weight on the SP500." At least half of the Nasdaq 100 components made new all time highs, and AAPL and AMZN weren't even among them!!! The two biggest by weight didn't hit all time highs but the Nasdaq still managed!
No I'm not talking about MMT. I'm talking about high powered algorithmic trading (fairly new and developing quickly over the past 10 years) that you yourself have accused in the past of being capable of causing black swan events! That combined with low interest rate policies have put us in a new era sort of era in my opinion.
No one thought we could have this much growth without inflation. Now we have 3.2% GDP growth and inflation is starting to dip. Unemployment is near all time lows and job openings just hit record highs for the 13th month in a row, yet wages aren't growing nearly as much as traditional economic models predicted.
GDP driven by inventory re-build, employment a lagging indicator.
We’ll see. NYSE Composite hits a new hugh I will reconsider.
Anyone hits me, they’re in trouble.
Hugh jass wrote:
Anyone hits me, they’re in trouble.
Perhaps they should. Glad you’re good for something. Not much though....
Trump at a rally in Florida Wednesday evening:
"By the way, you see the tariffs we're doing? Because they broke the deal. They broke the deal. So they're flying in, the vice premier tomorrow is flying in — good man — but they broke the deal. They can't do that, so they'll be paying."
Ghost of Igloi wrote:
Hugh jass wrote:
Anyone hits me, they’re in trouble.
Perhaps they should. Glad you’re good for something. Not much though....
Fvck you, gramps. You threatened me, so you get what you deserve, fvckwad.
Bunch of morons in the markets these days. I know it's only premarket, but whatever.
All the ppt does is to, over time, offset their stupidity.
Seriously, I have never seen anything like this. The next step in market management will be de-sensitization.
Real-time works, but premarket and after-hours need to be addressed.
Maserati wrote:
Bunch of morons in the markets these days. I know it's only premarket, but whatever.
All the ppt does is to, over time, offset their stupidity.
Seriously, I have never seen anything like this. The next step in market management will be de-sensitization.
Real-time works, but premarket and after-hours need to be addressed.
Dark pool and after hours trading. That's where institutions escape and enter huge positions without people (or the SEC) noticing. Market hours are for chumps.
By the way it's also what happen back in November and December. Price action was completely determined in pre-market and after hours trading. Market hours saw hilarious swings with 1-2% changes occurring between 3:55-4pm
Yeah I remember, I was in a different time zone and would follow the action a bit--but yeah, that was when I first really noticed it.
Actually, I felt it last year, which was why I got out, because I didn't think that I could predict things well enough going forward, to keep my system profitable. It could have turned on me 180 degrees, and I would have started to consume myself.
Hard to explain, but I saw that if it went bad, it wouldn't just go to zero, but strongly negative.
So I'm sitting with my small b&h, and picking off a few individual names when I think they've been hit undeservedly, and selling them pretty quickly--but, really, nothing significant.
These markets today...you can get burned quickly if you don't know what you are doing, and if your attention lapses for even a second. You better be keyed into something and be really diligent, or you will get eaten alive. That is what has happened at some funds--guys who thought they knew something but didn't have been exposed, and some guys who used to be able to just sit back and watch their games play out have, only when it's too late, seen the game take an unexpected turn.
Me? I have lost some faith in what I was keyed into, and I have too many other things on the go to be diligent--double whammy. So I am switching gears, and swimming with the current, to a limited extent. A natural transition, I guess--less interesting, less profitable, less risky.
I think it's usually called "getting old" lol!
Well VIX has almost doubled in about 5 days so you know there's gonna be some black magic going around the market in these times
Buy the dip. Trump will fold like a lawn chair on these tariffs. He's way too obsessed with the stock market and he'll back off when he sees it's hurting the Dow
Racket wrote:
Buy the dip. Trump will fold like a lawn chair on these tariffs. He's way too obsessed with the stock market and he'll back off when he sees it's hurting the Dow
^ this
Racket wrote:
Buy the dip. Trump will fold like a lawn chair on these tariffs. He's way too obsessed with the stock market and he'll back off when he sees it's hurting the Dow
I just might, if it’s a decent dip. I still have 1.5% more that I would put into b&h.
Down 300 now, not bad. Maybe VTSMX this time, cheap and not just mega-caps