What the "Dow" is happening?
- Thread starter eyephone
- Start date
correct - rallies are all trump and selloffs are democrats Free advice to those who care ? For now, SPY, QQQ etc are still in longer term downtrends, so my only long side activity here is the index ETFs and not going after any single stock names. If/when it reverts to uptrend, I will branch out into singles. But not touching them until then.
On a different note ? Most interesting part of speaking with non finance/MBA types the last week or so was when asked why the market was selling off, it was much harder to explain than e.g. late 15/16. Also, oddly got asked a lot more this time, perhaps cause real damage then was done late Jan/Feb, not Dec.
One common theme though was everyone asking assumed it had something to do with Trump. And yes, there's obviously selection bias in that, but I was in purple type crowd (not exactly CA purple either) FWIW
Another common theme was a few people echoing their financial advisors as being clueless in terms of tangible and actionable market advice as opposed to the generic sound bites and articles they were provided on their ?platforms? . I suspect many of those advisors are about to lose these clients in the new year.
On a different note ? Most interesting part of speaking with non finance/MBA types the last week or so was when asked why the market was selling off, it was much harder to explain than e.g. late 15/16. Also, oddly got asked a lot more this time, perhaps cause real damage then was done late Jan/Feb, not Dec.
One common theme though was everyone asking assumed it had something to do with Trump. And yes, there's obviously selection bias in that, but I was in purple type crowd (not exactly CA purple either) FWIW
Another common theme was a few people echoing their financial advisors as being clueless in terms of tangible and actionable market advice as opposed to the generic sound bites and articles they were provided on their ?platforms? . I suspect many of those advisors are about to lose these clients in the new year.
Ready2Downsize
Well-known member
OCLuvr said:
I made very good money when stocks bottomed last time. Sold a couple days later and ready for the next wave down. Maybe we don't go lower, maybe it takes a while..... earnings for other companies are going to cause ripples too is my guess.
Bear markets are the time to real in cash in a hurry as long as you are in cash.
Ready2Downsize
Well-known member
As for Apple, it will tank, either all in one day or over a few and when some big trader/investor is done buying, they will announce they bought and what a bargain it is and bamm?? sheep will buy it while the trader/investor books a nice profit.
Watch out for next quarter guidance though.
Watch out for next quarter guidance though.
OCLuvr said:
Remember what I said before ?- federal reserve matters more than anything else at this point , notwithstanding this aapl news which every analyst worth their job description should have seen coming
For those interested in what I am doing , not touching aapl here . Need to see more evidence in the charts of a sustained bottom
OCLuvr said:
I am comfortable w my 35 percent allocation for now . Stops haven?t been hit .
Big picture , whether the fed believes it or not, the equity and bond markets ( yield curve today) are pricing in a recession . If that is indeed the case , I want some more evidence of fed being supportive as opposed to the ivory tower mentality they have now ? before I add more
Irvinecommuter
New member
marmott said:
Apparently close. Average for 30 year is at about 4.4%
http://www.mortgagenewsdaily.com/consumer_rates/892501.aspx
Irvinecommuter
New member
aquabliss said:
People trying to get in on a "bargain". The more I think of it...the less I like Apple.