What the hell happened with the markets. Knew it was a good day but nothing like this.
I will say it because I am not afraid, and it needs to be said. The NAACP long ago strayed away from its original core value to the business of creating racial division and blaming white people.
Well, you for sure said it. Has nothing to do with you not being afraid though.
What the hell happened with the markets. Knew it was a good day but nothing like this.
days like today are why you don't hang back and say 'eh I'll get back when it's safe.'
half a year's return today in stocks and bonds. One day. Everyone is rushing back, feeling safe, but they missed most of today's big returns.
I think the best day ever for the Nasdaq was in 2000 or so when the market was up 7.9%. It is currently up 7.31% and ascending. We might have the best day ever for the NASDAQ.
I figured I'd drop in to see how the riff raff views the big up day today.
So, for some reason I see some NAACP nonsense comments and grumpiness aside from that from Igy. Market goes up, market goes down, he's not happy ever. Oh well, we mostly choose our lot in life.
My wife is happy already. Seriously, up my short allocation back to a ~10% weight. I’m willing to go 5% more, but will sell tactically on dip, or further rally. I could see us move another 5%, which if that is the case I will trim above 3,975, and add back at 4,075. Anyhow that is my thought, that and EM CEFs being a good hedge on market short weakness.
My wife is happy already. Seriously, up my short allocation back to a ~10% weight. I’m willing to go 5% more, but will sell tactically on dip, or further rally. I could see us move another 5%, which if that is the case I will trim above 3,975, and add back at 4,075. Anyhow that is my thought, that and EM CEFs being a good hedge on market short weakness.
Can you list all of your shorts, what you paid for them and how much of each you have. I would like to calculate what you have lost recently. Just for grins.
My wife is happy already. Seriously, up my short allocation back to a ~10% weight. I’m willing to go 5% more, but will sell tactically on dip, or further rally. I could see us move another 5%, which if that is the case I will trim above 3,975, and add back at 4,075. Anyhow that is my thought, that and EM CEFs being a good hedge on market short weakness.
Can you list all of your shorts, what you paid for them and how much of each you have. I would like to calculate what you have lost recently. Just for grins.
Since these are trading vehicles I am all FIFO and don’t track my basis. SOSX, TECS, SPXS, and TZA. I was selling Monday thru Wednesday down to a 3% portfolio weight. I never hold on to a single position in these for more than 3-5 days, so tactical trades. Since my EM CEFs were ~4% up today, I was down .14%. I do expect HSGFX to lose several percent, so down a percent or so on the day is likely.
This is why you don't get out of the market when they have terrible days.
Worst day ever for S & P - Down 20.5% on 10/19/87.
2 days later on 10/21/87 up 9%.
2nd worst day ever - 10/28/29 - Down 12.3%
2 days later - 10/30/29 - Up 12.3%
3rd worst day ever - 3/16/20 - Down 12%
Week later - up 10%
Best days ever oft take place during a massive meltdown.
Ten best days 1897-2018.
. March 15, 1933 (the Dow gained 15.34%) 2. October 06, 1931 (the Dow gained 14.87%) 3. October 30, 1929 (the Dow gained 12.34%) 4. June 22, 1931 (the Dow gained 11.9%) 5. September 21, 1932 (the Dow gained 11.36%) 6. October 13, 2008 (the Dow gained 11.08%) 7. October 28, 2008 (the Dow gained 10.88%) 8. October 21, 1987 (the Dow gained 10.15%) 9. September 05, 1939 (the Dow gained 9.52%) 10. October 03, 1932 (the Dow gained 9.52%)
Notice anything?
Other than that one day dip in 1987 from which the market immediately recovered (something real sketchy took place that day), these best days ever all took place during the Great Depression except for the 2 that happened during the crash of 2008
This is why you don't get out of the market when they have terrible days.
Worst day ever for S & P - Down 20.5% on 10/19/87.
2 days later on 10/21/87 up 9%.
2nd worst day ever - 10/28/29 - Down 12.3%
2 days later - 10/30/29 - Up 12.3%
3rd worst day ever - 3/16/20 - Down 12%
Week later - up 10%
Best days ever oft take place during a massive meltdown.
Ten best days 1897-2018.
. March 15, 1933 (the Dow gained 15.34%) 2. October 06, 1931 (the Dow gained 14.87%) 3. October 30, 1929 (the Dow gained 12.34%) 4. June 22, 1931 (the Dow gained 11.9%) 5. September 21, 1932 (the Dow gained 11.36%) 6. October 13, 2008 (the Dow gained 11.08%) 7. October 28, 2008 (the Dow gained 10.88%) 8. October 21, 1987 (the Dow gained 10.15%) 9. September 05, 1939 (the Dow gained 9.52%) 10. October 03, 1932 (the Dow gained 9.52%)
Notice anything?
Other than that one day dip in 1987 from which the market immediately recovered (something real sketchy took place that day), these best days ever all took place during the Great Depression except for the 2 that happened during the crash of 2008
The magnitude of the move closely resembles a bear market rally. Hard for me to believe otherwise. Negative EPS, unemployment explodes, and then Fed rate cuts more typical.