***Official*** 2015 Stock Market Thread

[brianmanahan]

LONG SPY Sept 18th 2015 214.000 call @ 1.25. This is going to be my big trade of the year. Time to sit back and watch the fireworks.

Exiting all trades. Market just turned ugly in a big way.

?_?

 

[Charmonium]

What do you do when you can't give away the iron ore you mine? Sell eggs.

http://www.bloomberg.com/news/artic...-eggs-as-australia-goes-from-mining-to-dining

 

[FelixDeCat]

Hmmm.. Im thinking you should sell.

In fact, go short.

:sneaky:

 

[Imp]

Oil down to mid $40. Come on $39... Major psychological barrier.

 

[Charmonium]

Oil down to mid $40. Come on $39... Major psychological barrier.

I think we'll get a short to medium term turnaround. Excess supply tends to stimulate demand. An example of that is people returning to buying big trucks and SUVs. And so many things like plastics are made from oil that low prices for oil should increase demand for these other products as well.

I think we could easily see a return to $50-60 per barrel this year. So it might not be a bad short term play.

 

[Imp]

I think we'll get a short to medium term turnaround. Excess supply tends to stimulate demand. An example of that is people returning to buying big trucks and SUVs. And so many things like plastics are made from oil that low prices for oil should increase demand for these other products as well.

I think we could easily see a return to $50-60 per barrel this year. So it might not be a bad short term play.

I think China's slowing down (understatement?) is a consequence of the entire world economy slowing down in spite of cheaper oil. All commodity prices seem to be tanking due to this.

Since it already bounced off low-$40, maybe it'll hit the $30s before popping back again.

 

[FelixDeCat]

no

 

[IHateMyJob2004]

How many times do people have to be told this? OK, from another perspective:
https://en.wikipedia.org/wiki/Petrodollar

Oil prices will go up when the US dollar weakens.

 

[JEDI]

How many times do people have to be told this? OK, from another perspective:
https://en.wikipedia.org/wiki/Petrodollar

Oil prices will go up when the US dollar weakens.

like when the fed raises interest rates, say sept?

 

[sm625]

?_?

Yeah I know. It wasnt what I had planned but it is what it is.

 

[Charmonium]

Oil prices will go up when the US dollar weakens.

Supply and demand has something to do with it as well. The Saudis are producing more per day than they ever have before. Not because they have to but because they want to keep market share. Driving down the price keeps competitors out of the market.

USD peaked back in March and has basically been in a trading range since then.

 

[FelixDeCat]

Hmmm.. Im thinking you should sell.

In fact, go short.

I told you this market would get it's ass kicked. I think the QQQs will be 100 or lower by Oct.

A seven point drop in 40 days following GOOG's, NFLX's and AMZN's "blowout" quarters. That is a 6% correction so far for the tech bulls.

 

[Charmonium]

So I guess I should hang on to those RIO puts. That was a drunken gamble so I don't want to get greedy.

 

[Imp]

Sigh, POT keeps going down. It's been incredible to me over the past year or two, and I've made multiple times what I'm currently losing but still... Unlike COS, I'm not overexposed (3-4% of portfolio) so plan on sitting tight.

Meanwhile, still 90% cash. Beautiful American cash...

 

[FelixDeCat]

100 on the QQQs are almost here, a 10 point drop so far!!

From 114 to 104.5 in 40+ days D:

 

[Imp]

Pew pew. Pew pew pew.

WTI hit the $39 range earlier. Dow has another 200+ point drop day.

 

[MustISO]

I'm ready to jump back in soon. Don't think it'll go down that much further unless major shit happens in China or Europe (which is still possible)

 

[holden j caufield]

It has gotten worse -400+ for a bit. Tempting but why wouldn't you just get in premarket on Monday then you'd know what happens in China by 3:30am on Monday.

From what I've read China should be down multiples more but they are limiting what can be sold in the market

 

[holden j caufield]

This is getting crazy, looks like -500 today but I really didn't start following the market until last year so this is uncharted territory for me. Usually by now we have people coming back in but it's just accelerated.

 

[s0me0nesmind1]

Dow is now ~450 down. Holy crappers. I knew the 10% correction was due... just wondering if there is more or not...

 

[nk215]

Just took a vantage of down turn. Exchanged $120k of my IRA money to S&P

 

[Imp]

Dow is now ~450 down. Holy crappers. I knew the 10% correction was due... just wondering if there is more or not...

Got dam. DOW was closer to -330 around 1pm EST then went back to -250 around 3pm. It was something like -300 yesterday. That's at least 500 points in two days.

This is getting crazy, looks like -500 today but I really didn't start following the market until last year so this is uncharted territory for me. Usually by now we have people coming back in but it's just accelerated.

Meh, you missed some major freak outs over the past 5 years. There was that stupid manufactured debt crisis thing that sent the DOW down 300+ points at least one day, probably more in a row. Then there was something in 2011 that really sent things to hell -- lost my shirt but made it all back within weeks by aggressively trading.

 

[Imp]

Sell, Mortimer, sell!

DOW ends the day at... -530 points.

Thank you Fed for your slow assed response/action, you kept me almost all in cash. I actually made money today thanks to Canada's petro-dollar.

 

[dullard]

I've been waiting for this correction for a long time. I put $25k into an S&P tracking fund today. I probably shouldn't catch a falling knife, but I just got too tempted. If it falls another 3% next week, I'll double down.

 

[s0me0nesmind1]

I've been waiting for this correction for a long time. I put $25k into an S&P tracking fund today. I probably shouldn't catch a falling knife, but I just got too tempted. If it falls another 3% next week, I'll double down.

I tossed $3k into my Target retirement fund. Worst that can happen is it keeps falling.