Stock Market under Trump (2 Viewers)

[Sheriff Bart]

*sigh* :(

 

[Leroy Hoard]

This.  It's a almost impossible to make a decent return in relatively safe instruments these days. 

The days of going with my grandmother to roll over her 4% CDs is long gone. 

I remember when you could get 4-5% on a lousy savings account.

 

[Todem]

I remember when you could get 4-5% on a lousy savings account.

Yeah back in 1998. 

 

[James Daulton]

I remember when you could get 4-5% on a lousy savings account.

And the stock market returns sucked compared to the last couple years.

Should have put all my non-money into CDs back when I was first starting out. 

 

[Leroy Hoard]

Should have put all my non-money into CDs back when I was first starting out. 

I did, but it was the wrong kind of cds. Should have stuck with vinyl.

 

[Slapdash]

This.  It's a almost impossible to make a decent return in relatively safe instruments these days. 

The days of going with my grandmother to roll over her 4% CDs is long gone. 

I remember when you could get 4-5% on a lousy savings account.

Supply and demand

 

[Todem]

And the stock market returns sucked compared to the last couple years.

Should have put all my non-money into CDs back when I was first starting out. 

I have been in stocks since 1987....best investments I have ever made in my life. Anyone who tells you good high quality stocks are a bad investment has absolutely no clue about investing......at all. Who ever tells you buy and hold on high quality stocks does not work has no clue. 

Run. Run away from people with that kind of advice as fast as you can. If you had your money in CD's after the great recession......you are a complete and utter fool with your money. If you sell on bad news...you have no business investing in equities. 

But heck....what do I know. I will just keep getting my avg annual return of 8-10% (which is what I have been doing since 1987 through all the BS noise and downturns we have had since then). Unless you have no confidence in the US economy there is no better investment long term for retirement than equities. 

 

[Sheriff Bart]

I remember when you could get 4-5% on a lousy savings account.

My first savings account back in the 70's I was getting 14%.

 

[beef]

Nope. It was the real deal. 

Looked more like a lunch time trading volume uptick toot.

 

[beef]

Here NREC sits, all broken hearted...

Because the markets didn't dump huge today,

They only farted!

- Beef Frost, 2020

 

[NREC34]

Here NREC sits, all broken hearted...

Because the markets didn't dump huge today,

They only farted!

- Beef Frost, 2020

Only around 500 points from my post 

pretty strong day for the stonks

 

[NREC34]

Here is a lesson for you guys, don't follow NREC34 advice.  He posted the above on May 31, 2019 when the S&P 500 closed at 2752.  Today it sits at 3122, up 370 points or 13.44% in just 9 months.  NREC sitting in cash has been a mistake.

You sound worried, brah

 

[Henry Ford]

Here is a lesson for you guys, don't follow NREC34 advice.  He posted the above on May 31, 2019 when the S&P 500 closed at 2752.  Today it sits at 3122, up 370 points or 13.44% in just 9 months.  NREC sitting in cash has been a mistake.

While I agree that one shouldn't follow any particular random person's advice on the internet, it's reasonable to be concerned after the market drops 3%+ on consecutive days.  Hasn't happened many times, and is a decent reason for considering what comes next.

 

[Leroy Hoard]

 one shouldn't follow any particular random person's advice on the internet

Damn it, now you tell me! 

 

[Todem]

Oh I agree it is concerning short term but if you have a long term outlook you should not be selling.

Quite the opposite. This is where you nibble on great stocks being sold off on panic news. These types of events are opportunities. I am not saying I am taking this news lightly. It is concerning. But at some point you gotta take some shots here and grab some great companies.

 

[dozer]

There are some pretty good swing trades available in the coronavirus sector these days. 
 

CODX makes a test kit that costs $20 a pop.

VXRT is working on a vaccine....

Anyone take my advice on these stocks?

CODX currently up 144% for the day.

VXRT currently up 55% for the day.

Looks like mama will get her new shoes!

 

[Todem]

Anyone take my advice on these stocks?

CODX currently up 144% for the day.

VXRT currently up 55% for the day.

Looks like mama will get her new shoes!

SELL SELL SELL SELL SELL SELL!!!!!!

Nice call man.

 

[dozer]

SELL SELL SELL SELL SELL SELL!!!!!!

Nice call man.

I did sell and had one of my best days ever. Looks like I was just in time as CODX is dropping like a stone right now....

 

[dozer]

I did sell and had one of my best days ever. Looks like I was just in time as CODX is dropping like a stone right now....

VXRT is dropping too. Some crazy looking charts for these two stocks.

 

[Henry Ford]

VXRT is dropping too. Some crazy looking charts for these two stocks.

Yeah, trading halted on CODX

 

[Sheriff Bart]

Microsoft already warning they won't hit Windows sales forecast.  I'm sure there will be plenty more. 

 

[NREC34]

Microsoft already warning they won't hit Windows sales forecast.  I'm sure there will be plenty more. 

Futures are down bigly. 

 

[lod001]

Battle now ongoing at 3100 for S&P. If that fails, next stop should be 200 da MA at 3045.

 

[Gopher State]

My first savings account back in the 70's I was getting 14%.

I think my first home mortgage was about 14 percent.

 

[beef]

Microsoft already warning they won't hit Windows sales forecast.  I'm sure there will be plenty more. 

Was just reading about that.  Does make me wonder who else (how many) will miss, and how much has the big money on WS already factured that in.  I like to believe that by the time I'm reading about it, WS has already reacted.  But this is tougher to predict and could linger until the next round of actuals.

 

[Henry Ford]

I think my first home mortgage was about 14 percent.

The interest rate giveth and it taketh away.

 

[Henry Ford]

Was just reading about that.  Does make me wonder who else (how many) will miss, and how much has the big money on WS already factured that in.  I like to believe that by the time I'm reading about it, WS has already reacted.  But this is tougher to predict and could linger until the next round of actuals.

GDPNow release will be tomorrow.  It'll be interesting to see what's up.

 

[tonydead]

Quite the opposite. This is where you nibble on great stocks being sold off on panic news. These types of events are opportunities. I am not saying I am taking this news lightly. It is concerning. But at some point you gotta take some shots here and grab some great companies.

  I have been buying some VTI, AAPL, and MSFT the past few days.

  Same.

 

[Sheriff Bart]

400 drop at open. Oof

 

[Phil Elliott]

I think my first home mortgage was about 14 percent.

Our first home was 15% (Eagan) but developer paid 25 points to get the interest down to 12.5%.

 

[SaintsInDome2006]

Goldman Sachs has issued a projection of zero corporate earnings growth for the US this year.

 

[Sheriff Bart]

Goldman Sachs has issued a projection of zero corporate earnings growth for the US this year.

Just saw that on CNBC.  Now my problem is when I start buying like Billy Ray Valentine. 

 

[SaintsInDome2006]

Just saw that on CNBC.  Now my problem is when I start buying like Billy Ray Valentine. 

I’m not fast or slow. I just hold. So I can’t really play in this thread or have anything to say beyond follow the news, though obviously as such an investor I just want the economy to do well and my stocks to do well.

 

[parrot]

Just saw that on CNBC.  Now my problem is when I start buying like Billy Ray Valentine. 

Looking good Billy Ray.

 

[Gopher State]

Fed has to be coming to the table with more rate cuts?

 

[Sheriff Bart]

Looking good Billy Ray.

Feeling goid Parrot! 

 

[Sheriff Bart]

Fed has to be coming to the table with more rate cuts?

Maybe.  Expert on this morning said they probably should but should also probably wait because what happens if they cut and things get even worse?  The Fed can't just keep cutting then it looks like they are panicking. 

 

[Slapdash]

Fed has to be coming to the table with more rate cuts?

The 10 Year is at 1.27 right now.  Fed Funds is at 1.58.  Yeah, the Fed needs to signal they are cutting soon.

 

[lod001]

Fed has to be coming to the table with more rate cuts?

will not help and they know it.

 

[beef]

I actually prefer this than the market starting up in the morning.  If it rallies I have more conviction to buy.

I'm in a position to buy and have been holding off.  Not sure how much longer I can wait.

 

[yak651]

Fed has to be coming to the table with more rate cuts?

If only during the greatest economy ever they would've built in a little more wiggle room

 

[Henry Ford]

If only during the greatest economy ever they would've built in a little more wiggle room

Sure, now you think of this. 

 

[lod001]

If only during the greatest economy ever they would've built in a little more wiggle room

Yep. Horrible plan not raising rates back then. When that rate hike rocked the markets they should have manned up and said 'too bad'. I mean a single rate hike drops the market until they said, 'oh...waah waah we will take it back, stock market, you own us'.  Idiots. The markets would have recovered anyway without taking them back. Now they got no ammo but HAD a rockin stock market. Now they got neither and people are not even feeling the stock market pain YET. Panic could be coming.

200 day MA breached on S&P, Russell 2k and DOW. NAZ still has a ways to go. It's bubble was way bigger. 1-2 more days before it goes under the 200 day MA...if it does.

August 2015 had a similar drop minus a coronavirus and with that a potential recession. 

Is the market pricing in a recession? if so, we are not even close to the bottom.

 

[Henry Ford]

will not help and they know it.

And GDPNow went up today.  Not looking good for a cut. 

 

[Grace Under Pressure]

Tough not to be distressed about this. Gotta hold tight but this is not good.

 

[JAA]

Havnt hit the bottom yet.  Could this be our correction everyone saw coming?

I dont have enough cash lined up :(.  I was figuring it would happen come after the election.

 

[Henry Ford]

I'm in a position to buy and have been holding off.  Not sure how much longer I can wait.

Depends on the stock in question, I'd imagine.

 

[Sheriff Bart]

If only during the greatest economy ever they would've built in a little more wiggle room

Sure, now you think of this. 

Who would have thought there could be a downturn in the economy?  Nobody, that's who.

 

[The Z Machine]

Who would have thought there could be a downturn in the economy?  Nobody, that's who.

Stock market isn't the economy... but the economy will falter as well. 

 

[James Daulton]

Who would have thought there could be a downturn in the economy?  Nobody, that's who.

How could the greatest economy ever turn so quickly?