Down goes the Dow

Igloi, you quoted a tweet about the S&P 600.

What do you think the downside is for the RUT, Russell 2000? Could it go below say 400?

Because those companies aren't getting bailed out either. All the money is going to large caps.

Futures down nearly 800 points.

Ghost of Igloi wrote:

I said the market was overvalued and stocks were not a bargain. You should have listened to that and you would not have lost so much money.

Anyone who listened to you missed out on the greatest bull market in history and would not have made so much money. Even if you’ve given some back, you’re still well ahead.

Eliud "Armstrong" Kipchoge wrote:

Futures down nearly 800 points.

Euro markets down about 4%

I think today's dip may be an opportunity to take a nibble. I've placed some orders to buy at a 10% discount off yesterday. Likely won't go through, but hope springs eternal...

Stanley Morgan wrote:

Ghost of Igloi wrote:

I said the market was overvalued and stocks were not a bargain. You should have listened to that and you would not have lost so much money.

Anyone who listened to you missed out on the greatest bull market in history and would not have made so much money. Even if you’ve given some back, you’re still well ahead.

What's crazy is that it feels like we've lost a decade of gains, but we're only at I think 2017 levels?

the idiot wrote:

I think today's dip may be an opportunity to take a nibble. I've placed some orders to buy at a 10% discount off yesterday. Likely won't go through, but hope springs eternal...

I know what you mean. This morning I bought back some Paypal i sold a few weeks ago since it just went up after i sold it, and today was the first opportunity to get it back at exactly the price which i exited it at.

Watching a couple of others.

Took a little profits on a few shares of Apple this morning as well, but nothing of any consequence there.

Stanley Morgan wrote:

Ghost of Igloi wrote:

I said the market was overvalued and stocks were not a bargain. You should have listened to that and you would not have lost so much money.

Anyone who listened to you missed out on the greatest bull market in history and would not have made so much money. Even if you’ve given some back, you’re still well ahead.

Ha, ha, the market return since I first posted no better than bonds, and sure to go lower. You lost fool, and wasted five years posting nonsense.

Racket wrote:

Stanley Morgan wrote:

Anyone who listened to you missed out on the greatest bull market in history and would not have made so much money. Even if you’ve given some back, you’re still well ahead.

What's crazy is that it feels like we've lost a decade of gains, but we're only at I think 2017 levels?

Meaning everything you bought since those 2017 levels has taken a good beating

Uncle B wrote:

Racket wrote:

What's crazy is that it feels like we've lost a decade of gains, but we're only at I think 2017 levels?

Meaning everything you bought since those 2017 levels has taken a good beating

Wrong. Not "everything", as you claim. Some of the shares bought since 2017 were sold at a profit.

seattle prattle wrote:

Uncle B wrote:

Meaning everything you bought since those 2017 levels has taken a good beating

Wrong. Not "everything", as you claim. Some of the shares bought since 2017 were sold at a profit.

Correction. Almost everything.

Uncle B wrote:

seattle prattle wrote:

Wrong. Not "everything", as you claim. Some of the shares bought since 2017 were sold at a profit.

Correction. Almost everything.

And therein makes a market. Best of luck to you.

seattle prattle wrote:

Uncle B wrote:

[What's crazy is that it feels like we've lost a decade of gains, but we're only at I think 2017 levels?

Meaning everything you bought since those 2017 levels has taken a good beating

Wrong. Not "everything", as you claim. Some of the shares bought since 2017 were sold at a profit.[/quote]

Correction. Almost everything.[/quote]

And therein makes a market. Best of luck to you.[/quote]

Losing almost everything is "making a market"?

on the contrary, you are making a lot of assumptions.

Apple, amazon, and others are way up from their 2017 levels still.

A market consists of knowing what to buy, when to buy it, and when to sell., and when to hold. You are talking about overall indexes, disregarding that some of us may be selective and take profits along the way, etc.

QE bought the dip wrote:

Igloi, you quoted a tweet about the S&P 600.

What do you think the downside is for the RUT, Russell 2000? Could it go below say 400?

Because those companies aren't getting bailed out either. All the money is going to large caps.

It is all going down, small and large. New highs in ten years. Lows? Another 60% from here.

seattle prattle wrote:

on the contrary, you are making a lot of assumptions.

Apple, amazon, and others are way up from their 2017 levels still.

A market consists of knowing what to buy, when to buy it, and when to sell., and when to hold. You are talking about overall indexes, disregarding that some of us may be selective and take profits along the way, etc.

Very, very few know what to buy, when to buy it, and when to sell., and when to hold.

For most, luck plays a larger part than skill.

QE bought the dip wrote:

Igloi, you quoted a tweet about the S&P 600.

What do you think the downside is for the RUT, Russell 2000? Could it go below say 400?

Because those companies aren't getting bailed out either. All the money is going to large caps.

Alfie wrote:

seattle prattle wrote:

on the contrary, you are making a lot of assumptions.

Apple, amazon, and others are way up from their 2017 levels still.

A market consists of knowing what to buy, when to buy it, and when to sell., and when to hold. You are talking about overall indexes, disregarding that some of us may be selective and take profits along the way, etc.

Very, very few know what to buy, when to buy it, and when to sell., and when to hold.

For most, luck plays a larger part than skill.

For sure.

At the end of the day, i have always just looked at it like this - is what i am doing working? If taken in its entirety, it is not, stop. And as long as you are in the market, to the extent you are, you are at risk.

I will tell you this much - it takes a fair amount of time. I didn't understand this when i started, Like a second job.

Ghost of Igloi wrote:

QE bought the dip wrote:

Igloi, you quoted a tweet about the S&P 600.

What do you think the downside is for the RUT, Russell 2000? Could it go below say 400?

Because those companies aren't getting bailed out either. All the money is going to large caps.

https://mobile.twitter.com/NorthmanTrader/status/1245382040800972801

In the Bible it says to rejoice with those who rejoice and weep with those who weep.

For the last 5 years, Igy wept because of those who rejoiced. Now he is rejoicing at those who weep. I guess whatever floats your boat.