Enjoy the ride today Troll guy.
Enjoy the ride today Troll guy.
Mostly sincere but admittedly overly pessimistic. There just hasn't been enough selling pressure since the big Christmas Eve drop. Apple just admitted a huge Q1 miss because of global slowdown (and because they priced themselves out of the market). If Apple can't make a Q1 earnings beat, then who can?
I don't think the trade war is that big of a deal tbh. China is already slowing down so much and buying less everyday anyways. Unless we get a deal that is extremely favorable to us then I don't think it will do very much.
Ghost of Igloi wrote:
Mostly seems a bunch of gibberish to me. The market is broken, so trading around the margins will continue to be a losing trade.
What's gibberish is this dumb market right now.
People seek to find something to peg the decline to. Refuse to see that the demand for overvalued assets is declining and the concept of a Fed Put challenged. Of course after one of the longest Bull Markets ever it would end at some point. The question really should be what will be the depth of the decline? Certainly a break below the 2,100 S&P 500 level (2016 pre-election Hillary email low) would signal a decline to S&P 1,500 (3/2000 and 7/2007 peaks). From there S&P 500 1,000 seems a good target.
Racket wrote:
Ghost of Igloi wrote:
Mostly seems a bunch of gibberish to me. The market is broken, so trading around the margins will continue to be a losing trade.
What's gibberish is this dumb market right now.
No, what was dumb was stocks trading at unrealistic multiples. The whole FANGMAN thing was foolish. Everyone piling onto the dame trade. And those that comtinue to hang on to the trade? Hopeless desperation I am afraid.
Ghost of Igloi wrote:
Racket wrote:
What's gibberish is this dumb market right now.
No, what was dumb was stocks trading at unrealistic multiples. The whole FANGMAN thing was foolish. Everyone piling onto the dame trade. And those that comtinue to hang on to the trade? Hopeless desperation I am afraid.
I'm not long, I'm short on QQQ right now. The price action since the day after Christmas has been a deliberate shake out of options holders (2018 actually saw the largest volume of options trading ever). That being said, people hanging on to longs aren't delusional. They have many allies that are also long and will fight very hard to keep prices up, like all institutional investors.
ADP non-farm just came out way higher than expected. If unemployment and inflation stays low but stocks fall then this could FINALLY be the break the middle class has needed. I'm buying this dip soon and will enjoy kick starting my early retirement.
Ghost of Igloi wrote:
OK, let’s deal with the facts. You are substantially underwater on AAPL. I have been in the business for over 22 years. My clients have deposited more money in their accounts the past six months than you said you manage. Debt is a financial tool as much as investment. My home loan debt is less than 1/10 the value of my house at 2.875% and tax deductible. My car loan balance is 1/2 the cost of my car and at an equally low 2.875%. My investments returned 7.88% last year. I save one half my income each year. Hope you will do this well some day.
I don’t think I can touch your net worth of $50 million, but I am debt free and not trying to live above my means. If you have that much net worth, it is financially irresponsible to be borrowing money. You’re getting some bad advice.
Like being down $43 on your AAPL. Enjoy the next 6 hours of trading Troll.
Ghost of Igloi wrote:
Like being down $43 on your AAPL. Enjoy the next 6 hours of trading Troll.
Sounds like a BUY signal!
DGTD Contrarian Indicator alert! wrote:
Ghost of Igloi wrote:
Like being down $43 on your AAPL. Enjoy the next 6 hours of trading Troll.
Sounds like a BUY signal!
Boy, has your advice sucked lately.
I just dumped half my intermediate treasury position, across all accounts. Biggest trade I've ever done. Actually froze up the ETF I was selling for a few minutes- that's the first time I've managed to do that.
when intermediate treasuries go parabolic, it's time to sell.
Might keep cash, or might buy short term treasuries. They yield the same eh.
agip wrote:
I just dumped half my intermediate treasury position, across all accounts. Biggest trade I've ever done. Actually froze up the ETF I was selling for a few minutes- that's the first time I've managed to do that.
when intermediate treasuries go parabolic, it's time to sell.
Might keep cash, or might buy short term treasuries. They yield the same eh.
You sold? I was wondering why we were rallying up, agip sell indicator proves to be right once more!
We're ending today green. Investors just don't care about China or bad iPhone sales enough to not buy the dip.
Isn't the problem that China told its people not to buy Apple phones, but instead buy Chinese phones? This happened before when China was in a spat with Japan - the chinese people stopped buying japanese cars en masse.
Apple has a problem of large numbers and it's just a gadget maker, subject to getting beat by a better mousetrap. It hasn't been a market leader for years. Not a huge deal
I think the trade wars are over 50% of this. Markets and business depend on consistency. if trump can decide overnight that your raw materials will be 25% higher, or that your service will be banned from China...it sort of puts a chill on your future plans. Which is how recessions start.
Trump is a f'in moran and the business world is figuring that out.
Racket wrote:
agip wrote:
I just dumped half my intermediate treasury position, across all accounts. Biggest trade I've ever done. Actually froze up the ETF I was selling for a few minutes- that's the first time I've managed to do that.
when intermediate treasuries go parabolic, it's time to sell.
Might keep cash, or might buy short term treasuries. They yield the same eh.
You sold? I was wondering why we were rallying up, agip sell indicator proves to be right once more!
We're ending today green. Investors just don't care about China or bad iPhone sales enough to not buy the dip.
treasuries! I sold treasuries!
Racket wrote:
agip wrote:
I just dumped half my intermediate treasury position, across all accounts. Biggest trade I've ever done. Actually froze up the ETF I was selling for a few minutes- that's the first time I've managed to do that.
when intermediate treasuries go parabolic, it's time to sell.
Might keep cash, or might buy short term treasuries. They yield the same eh.
You sold? I was wondering why we were rallying up, agip sell indicator proves to be right once more!
We're ending today green. Investors just don't care about China or bad iPhone sales enough to not buy the dip.
Heh, heh....
Ghost of Igloi wrote:
Racket wrote:
You sold? I was wondering why we were rallying up, agip sell indicator proves to be right once more!
We're ending today green. Investors just don't care about China or bad iPhone sales enough to not buy the dip.
Heh, heh....
and to be fair, that sale I declared to probably be an unwise panic sell was, I think, before the last dash downward. So it might have been a good sale after all.
Ghost of Igloi wrote:
DGTD Contrarian Indicator alert! wrote:
Sounds like a BUY signal!
Boy, has your advice sucked lately.
Really? AAPL bounced literally minutes after this post. You are money!
DGTD Contrarian Indicator alert! wrote:
Ghost of Igloi wrote:
Boy, has your advice sucked lately.
Really? AAPL bounced literally minutes after this post. You are money!
Lost money: CHK, FB and your best (which is actually worst-contrarian that is) TNA. You love losing.
Ghost of Igloi wrote:
DGTD Contrarian Indicator alert! wrote:
Really? AAPL bounced literally minutes after this post. You are money!
Lost money: CHK, FB and your best (which is actually worst-contrarian that is) TNA. You love losing.
Nice try. Tell some more lies.
Yuck, yuck.
Eat another DGTD trade!