So you expect to take a loss? I guess you miscalculated.
So you expect to take a loss? I guess you miscalculated.
I guess you have not followed the market very closely.
http://www.zerohedge.com/news/2016-11-02/fed-fails-save-stocks-worst-losing-streak-5-years
Who's got short shorts? wrote:
Ghost of Igloi wrote:coach d,
No argument from me. At these valuations and market action I am not an interested buyer.
Igy
You're going to need to cover your shorts soon, I would think.
Am I the only person around here that is buying PUTS on stock positions this week?
I feel for you guys if you are going to sit there as naked longs (or naked shorts for that matter) with the present market situation vis a vis Trump. I'm normally not a fan of buying options--only selling them--but with the market predictions of what might happen if Trump wins, the exposure is rather extreme I think, and I don't like my family clients taking risks like that.
You DON'T have to go to the gambling casino and bet your life on one spin of the roulette wheel!!!
Ghost of Igloi wrote:
I guess you have not followed the market very closely.
http://www.zerohedge.com/news/2016-11-02/fed-fails-save-stocks-worst-losing-streak-5-years
I guess you don't understand how shorts work. I know it's too late now, but you really should not get involved with investments you don't understand.
I'll cover my shorts first thing in the morning based on your advice. Where should I invest the proceeds?
Ghost of Igloi wrote:
I'll cover my shorts first thing in the morning based on your advice. Where should I invest the proceeds?
Proceeds? You're going to lose your shirt. You don't need the advice of an anonymous internet poster. Find a good financial advisor and get some solid investment advice. It's not too late. Good luck.
I heard of a good one I will give him a call first thing. Thanks for your unbiased and somewhat, kind of, thoughtful, input. Ah, ya.
Ghost of Igloi wrote:
I heard of a good one I will give him a call first thing. Thanks for your unbiased and somewhat, kind of, thoughtful, input. Ah, ya.
You're welcome. I'm happy to help. You may want to take a look at letsmakeaplan.com. I wish you the best.
Funny thing that guy I'm talking to is a CFP. Twenty years experience, B.S., M.A., plus CLU and ChFC. Do you think he might have the right experience?
Ghost of Igloi wrote:
Funny thing that guy I'm talking to is a CFP. Twenty years experience, B.S., M.A., plus CLU and ChFC. Do you think he might have the right experience?
It doesn't seem so given your current dilemma. All CFPs are not created equal. Some of these guys work for Wall Street firms which are typically a black hole for creative and intelligent financial planning. Use that web site to find a highly rated independent CFP in your area. Best.
This guy believes the Wall Street firms, which includes the discount brokerage firms, are wrong. He says S&P 500 earnings are down 18% over the past two years. It is probably the reason the Dow and S&P 500 are at the same level as the close of 2014.
On second thought I won't take your advice.
I'll stick with my shorts.
Did you hear that Facebook was down as much as 9% after market close? Disappointing earnings I suppose. Looks like the shorts might be OK.
So sorry.
Igy
Ghost of Igloi wrote:
This guy believes the Wall Street firms, which includes the discount brokerage firms, are wrong. He says S&P 500 earnings are down 18% over the past two years. It is probably the reason the Dow and S&P 500 are at the same level as the close of 2014.
On second thought I won't take your advice.
I'll stick with my shorts.
Did you hear that Facebook was down as much as 9% after market close? Disappointing earnings I suppose. Looks like the shorts might be OK.
So sorry.
Igy
You mistakenly replied to me instead of whoever said that stuff to you about the S&P. Also most wouldn't consider discount brokerages to be part of Wall Street. I certainly don't.
As for sticking with your shorts, I'm worried that you are running out of time. I still believe you could use some good independent professional advice, especially considering your lack of understanding about how shorts work.
I've enjoyed our discussion, but I have to hit the sack. We have state this weekend and Coach doesn't want us interrupting our usual sleep patterns this week. So good night. Take care.
Funny. I have to hit the sack as well, to work another day at a "Wall Street" firm. As part of your future education realize the largest advertizers on business television, financial periodicals and websites are the discount brokerage firms. We have a regular posting from MarketWatch on this thread daily. Always Bullish I might add.
Best at State.
Igy
The myth of cash on the sidelines:
http://www.pragcap.com/the-horrid-cash-on-the-sidelines-myth-is-still-haunting-us/
Ghost of Igloi wrote:
We have a regular posting from MarketWatch on this thread daily. Always Bullish I might add.
Igy
Not even close to being true.
The main U.S. stock benchmarks were on track to open slightly higher on Thursday, but Facebook Inc. was dropping in premarket action as shareholders booed its latest revenue forecast.
Investors are waiting for fresh figures due this morning for jobless claims, productivity, the services sector and factory orders.
S&P 500 futures inched up by 3.95 points, or 0.2%, to 2,096.25, while Dow Jones Industrial Average futures edged up by 35 points, or 0.2%, to 17,916.
Nasdaq-100 futures weren't showing those kinds of gains, instead trading roughly flat at 4,717. The tech-heavy gauge was weighed down by the fall for Facebook, one of its largest components.
Shares in Facebook(FB) traded 6% lower in premarket action after the social-media giant warned late Wednesday that growth rates for its advertising revenue will "come down meaningfully." The stock's drop also limited the S&P's gain.
The White House race continued to be a key factor.
"Markets remain very much focused on the outcome of next week's U.S. presidential election," said Tony Cross, market analyst for TopTradr, in a note.
"Donald Trump's turnaround in the opinion polls is being taken seriously by financial markets, with short USD positions building and a breakdown in U.S. equity markets being observed, too."
"Short USD positions" refers to bets against the dollar, and a key index for the buck traded down modestly Thursday, stretching its weekly decline to 1.1%.
Hillary Clinton's lead in a RealClearPolitics average of polls stood at 1.9 points early Thursday, up from 1.7 on Wednesday but still down sharply from about 7 points in mid-October.
On Wednesday, the S&P 500 closed lower for the seventh session in a row, notching its longest losing streak in five years, while the Dow shed 0.4%. The drops came as the Federal Reserve gave a subtle hint that it's inching closer to a December interest-rate hike.
Ghost of Igloi wrote:
We have a regular posting from MarketWatch on this thread daily. Always Bullish I might add.
Igy
Ignorance personified.
A relief rally is on the table...
Always a Bullish slant.....
GoId wrote:
A relief rally is on the table...
http://www.marketwatch.com/story/five-reasons-stocks-will-rally-after-the-us-presidential-election-2016-11-03
