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hal2kilo

hal2kilo

Lifer
Feb 24, 2009
26,436
12,568
136
fskimospy said:
Timing the market is a fool’s errand for a regular person. If someone on here is genuinely able to do it they should quit whatever job they currently have and get into finance because they will make more than enough money to retire in short order with those kinds of skills.
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It's like, it's like....predicting the future. Market timing, the losers errand.
 
J

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,686
136
hal2kilo said:
It's like, it's like....predicting the future. Market timing, the losers errand.
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It's about information asymmetry. Market insiders know more about when to hold 'em & when to fold 'em. They'll even tell us that it's all puppies & rainbows while they're selling short. Housing bubble? Why, there's no housing bubble! Buy now before you're priced out of the market forever!

Economics of Contempt: The Unofficial List of Pundits/Experts Who Were Wrong on the Housing Bubble
 
repoman0

repoman0

Diamond Member
Jun 17, 2010
5,191
4,574
136
Sold a bunch of my total stock market index fund early this morning before it ate even more shit. I wasn't trying to time the market, just had too much money invested that I'll probably want for a wedding / second property in the next 3-5 years (i.e. shouldn't be in stocks anyway). Decent timing looks like, ~3% off the highs but I'll be happy with that if this was the top.
 
Indus

Indus

Lifer
May 11, 2002
16,601
11,410
136
zinfamous said:
In the end, all republicans believe that people should take care of themselves and that because the government is inherently evil, can't be trusted to take care of anything or anyone. So, since people should only take care of themselves... we should stop taxing the wealthy so that they will then use all of those savings to take care of the rest of us.

Because, obviously, let's let a handful of historically self-serving people do the right thing. Because of course they will. If we choose to divide and elect a thoroughly partisan government that, by design, can not possibly function, then of course we were right all along about it not being able to to function!

Basically, republicans are the biggest morons on the planet. They suffer daily from the fundamental truth that their ideology is completely broken and that they can only make terrible decisions in life. As long as there is a convenient minority to blame, though, all is good.
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It's why I support fully dividing the country and telling them to go fuck themselves.
 
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Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
Capt Caveman said:
Market did great today!!!! Thanks Dotard!!!
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Just a page ago I was storytelling how some of my best financial moves have been believing the opposite of what conservatives were saying.

Well goddamn if it wasn't proven again. Old slow starts a brag thread on the Trump economy and the market promptly turns to shit within days.

Should have acted on my axiom and cashed out a bit.

I know you can't reliably time the market, otoh it's been proven to be a pretty good leading indicator...
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,147
9,660
146
Definitely softer than expected inflation news this morning which should ease concerns of the FED upping rates too fast if it holds. Then you have Trump calling the FED crazy.

Investors don’t know what to do this morning.
 
F

fskimospy

Elite Member
Mar 10, 2006
88,222
55,760
136
MomentsofSanity said:
Definitely softer than expected inflation news this morning which should ease concerns of the FED upping rates too fast if it holds. Then you have Trump calling the FED crazy.

Investors don’t know what to do this morning.
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Also in this morning's edition of Trump Criticizes Trump under Obama he ranted on Twitter about how the fed was keeping rates too low and how it would cause inflation.
 
fleshconsumed

fleshconsumed

Diamond Member
Feb 21, 2002
6,486
2,363
136
Yeah, market is getting jittery again. Feels like end of January again. With the drop over last couple of days it's almost back to where it was at the beginning of the year. If things go south this year might be 0 gain.

I still think this drop might be premature panic, and that market will bounce again one last time. However, I'm definitely considering cashing out at the end of the year/beginning of next one.
 
Thump553

Thump553

Lifer
Jun 2, 2000
12,839
2,625
136
fleshconsumed said:
Yeah, market is getting jittery again. Feels like end of January again. With the drop over last couple of days it's almost back to where it was at the beginning of the year. If things go south this year might be 0 gain.

I still think this drop might be premature panic, and that market will bounce again one last time. However, I'm definitely considering cashing out at the end of the year/beginning of next one.
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I would revise your plan-substitute election day for end of year. Personally I'm hoping this is just a correction and not the inevitable Trump Crash (C). When that happens we won't have any of the protections put in after the Bush crash-the GOP has already gutted nearly all of them, together with wiping out a lot of the safety net for the middle class.

OTOH timing the market is like trying to bounce a football.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
17,147
9,660
146
fskimospy said:
Also in this morning's edition of Trump Criticizes Trump under Obama he ranted on Twitter about how the fed was keeping rates too low and how it would cause inflation.
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There’s always a co tradictory tweet from Trump. Yesterday he was all about not disappointing people in PA at a rally. After sandy he was all over obama for doing a rally.

I will say this. Glad I’m off today. Jittery investors makes for a long day on the trade floor.
 
V

VRAMdemon

Diamond Member
Aug 16, 2012
8,013
10,596
136
MomentsofSanity said:
There’s always a co tradictory tweet from Trump. Yesterday he was all about not disappointing people in PA at a rally. After sandy he was all over obama for doing a rally.

I will say this. Glad I’m off today. Jittery investors makes for a long day on the trade floor.
Click to expand...

Trumps rallies are taking a dump..

Trump, no longer ratings gold, loses his prime-time spot on Fox News

Looks like even Fox might be getting tired of the shtick.The rallies are no longer getting better ratings than regular programming.
 
fleshconsumed

fleshconsumed

Diamond Member
Feb 21, 2002
6,486
2,363
136
Thump553 said:
I would revise your plan-substitute election day for end of year. Personally I'm hoping this is just a correction and not the inevitable Trump Crash (C). When that happens we won't have any of the protections put in after the Bush crash-the GOP has already gutted nearly all of them, together with wiping out a lot of the safety net for the middle class.

OTOH timing the market is like trying to bounce a football.
Click to expand...
It's difficult not to panic sell, the irrational part of me wants to especially after reading all the doom and gloom articles around the web. The rational part of me looks at the hard economic data and I still think that the economy is fairly robust at this point. There is no hard economic data pointing otherwise. There are however headwinds brewing. In particular I was not expecting tariffs to have a measurable effects so soon, Trump has to bail out farmers already, and Ford reportedly is laying off people in part due to tariffs. Overall, my un-professional assessment of the situation is that we're due for a pain before 2020, but I still don't think we're quite there yet. Other people may feel differently. In the end every one of us is going to have to make a decision, stick by it, and bear the consequences.
 
vi edit

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,484
8,345
126
Traders right now:

giphy.gif
 
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Bitek

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
Slow makes Trump brag thread: Oct 3

Dow: 26,993

One week later...

Dow: 25,052 (-7% in 6 trading days)

Republican tax cuts go into effect Jan 2018
DJI: Shitty +3% YTD and falling.
Budget deficit: $800 billion (+24%!!!) and growing
Job growth: meh
10.5.18.png


Fed interest rate: climbing
_103599585_fedrate2-nc.png




Bravo #bestpresidentever
 
FIVR

FIVR

Diamond Member
Jun 1, 2016
3,753
911
106
I will gladly trade 20% of my portfolio value for democrats taking the house. I hope the indexes continue to crash until election day.


The current state of the stock market (barely up at all YTD) is 100% Trump's fault. The day negotiations failed on his China tariffs and they went in to place is the day in February when the correction started. Trump wants the market to go up, but he is too retarded to understand that his Tariffs actually hurt consumers and businesses.
 
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