***Official*** 2015 Stock Market Thread

[Ricochet]

Holy shit. Scottrade site is hammered. Can't do a single thing. And I actually wanted to put money in.

 

[Train]

TD Ameritrade down.

Guess I'm not selling this morning

 

[Jeffg010]

I moved my 401k all bonds. Fuck this I'm out until the dusk settles. Sad thing is it won't move until end of day so I'm going to a big hit before it moves.

 

[s0me0nesmind1]

I moved my 401k all bonds. Fuck this I'm out until the dusk settles. Sad thing is it won't move until end of day so I'm going to a big hit before it moves.

Dude you are FAR too late. Knowing the market, you could easily expect a bounce back tomorrow morning. After today is going to be the WORST time to make a move.

Just roll with the tides. Unless you could have seen Fridays large drop coming on Thursday its pointless to make a move.

 

[Hacp]

I'm excited for this dip. I have money (about 10-15k) on the sidelines I put aside for a rainy day and I'm tempted to invest it all. I am resisting that temptation however. I have a regular investment schedule with my twice a month 401k contribution as well as once a month vanguard contribution so I'll be investing into this correction either way. The important thing is not to be rash and invest all your spare cash after a measly 10% fall.

 

[s0me0nesmind1]

People still afraid from the 2007-2009 (or so) big crash. Still fresh in their minds and they are running. If we get another drop anywhere near that, the US retirement system (401k's, IRA's, etc) will collapse on itself as the gains (if any) will never materialize as people won't put their money back this time (for at least a long time)....IMO. See the period of the late 20's/early 30's through the 60's for a market that went sideways because people were afraid (and broke) to attempt it again.

What are you snorting? Most people are too stupid to even know how to adjust their 401k contributions and are at their employer defaults.

I really think you are overanalyzing. One day of big upticks is all it takes to bring back a school of fish ready to bite on the bait.

 

[KB]

That was super exciting!

I saw VYM (Vanguard High-Yield S&P ETF) one of the safer, low cost ETFs around, selling -14%. I tried to limit order in at that low price and missed. There was some serious margin calling going on to sell such a low beta ETF for that low a price. Some people are really going to be hurting when they experienced some forced selling losses and the markets recovering already.

What to buy, what to buy. Everything is on sale!

 

[Engineer]

What are you snorting? Most people are too stupid to even know how to adjust their 401k contributions and are at their employer defaults.

I really think you are overanalyzing. One day of big upticks is all it takes to bring back a school of fish ready to bite on the bait.

http://www.marketwatch.com/story/fear-is-killing-your-investments-2013-11-05

http://theweek.com/articles/455269/why-many-americans-are-missing-stock-market-boom

http://www.marketwatch.com/story/the-market-is-up-170-since-2009-but-are-you-2014-03-07

Majority of gains went to few people. I still know many people who pulled their money (on the way down during the great recession) and didn't put it back in. Still sitting in money market funds earning less than 1%. People are afraid. Many too afraid to jump back in and the ones that did are jumping now. 80% of all stocks owned by top 1% and 90% of all stocks owned by top 10%. People too afraid.

 

[Jeffg010]

Dude you are FAR too late. Knowing the market, you could easily expect a bounce back tomorrow morning. After today is going to be the WORST time to make a move.

Just roll with the tides. Unless you could have seen Fridays large drop coming on Thursday its pointless to make a move.

You you know this how? We will bounce back for sure?

 

[dullard]

I still know many people who pulled their money (on the way down during the great recession) and didn't put it back in. Still sitting in money market funds earning less than 1%. People are afraid.

To back you up, half of the people I know did that same mistake. They happen to all be die hard political junkies who thought that Obama would destroy the economy and stock market (I live in a very red state). They are just terrified to put the money back in.

Getting out when the market is going to fall and / or falling is okay on two conditions: (1) you choose to get out at the correct time and (2) you choose to get back in at the correct time. It takes a genius to predict the correct time on BOTH. Many people can call one or the other. Very few can outsmart the market twice in a row with two different skill sets.

Either fear prevents them from getting back in at the bottoms or greed keeps them in too long at the tops. Having the wisdom and guts to call both correctly is a very rare talent.

I find it far easier to buy consistantly but buy more on the dips and donate a portion of the stocks at the top. That way, I consistently get profits and the government pays me to do so. Far easier and far more reliable than trying to time it perfectly over and over again.

 

[Engineer]

I find it far easier to buy consistantly but buy more on the dips and donate a portion of the stocks at the top. That way, I consistently get profits and the government pays me to do so. Far easier and far more reliable than trying to time it perfectly over and over again.

I constantly buy...and when it goes down, I buy more. I figure it's not going to zero and if it does, we will have far more problems to worry about than the stock market.

 

[rcpratt]

I'm not anywhere close to buying yet. Just the beginning...

 

[dr150]

On CNBC, they said that lots of the crazy stupid opening action was attributed to Wall Street algorithms coldly doing the trades. Steep sells also briefly led to steep buys on some stocks by the same algos. LOL.

As an investor, seeing this mini correction is a very good thing to dollar cost average in. Investors have been wishing for such a good drop to dip in. Now they have it. I wish I would have known about this event in January when I had more dry powder.

 

[TheGardener]

I think there was a flash crash at the open. Many blue chips were trading 20% or more below the last close. I would not be surprised if those early trades were nullified. They've done this before.

 

[MustISO]

I jumped back in when it was down ~600 pts. We'll see if it was the right move or not.

 

[SketchMaster]

Jumped in on a few stocks I've had on my wishlist. Let's see if it was a good idea or not!

 

[holden j caufield]

Hopefully some got some great bargains but something smells rotten in Denmark.

 

[FelixDeCat]

Anyway, I think the trend will be lower for the time being.

 

[Hacp]

Well that was f'n stupid. TDAmeri did not even start working until the f'n market stabilized.

Fucking idiots.

At one point the QQQs were down 17 fucking points!!!

Amazing, I have never, ever, seen such a thing and I have been watching since 1998, including the Flash Crash and first open after 9/11.

You're a retail investor. Expect second rate treatment. Don't expect the same treatment as hedge funds using high frequency trading to quickly get in and out of the market.

 

[FelixDeCat]

You're a retail investor. Expect second rate treatment. Don't expect the same treatment as hedge funds using high frequency trading to quickly get in and out of the market.

Those rats take thousands in commissions from me every year.

I think Im going to boycott the stock market effective immediately, and merely pontificate about its next move in this thread.

They can kiss my trades goodbye.

 

[Imp]

Well, I only got one thing to say as of 3pm EST:

https://youtu.be/DV1fUwKMdAI

I thought it was going to be a meh day when I checked the markets around 1pm. They were only down barely 1%. Well, well. It's 3pm and the DOW hit -600 points a few minutes ago, currently around -550.

WTI is down to the $37 range, right around the $38 mark. CAD is down to $0.755 USD.

Damn, I want in... but I've waited this long, may as well wait a few more weeks to see fi the FED still moves.

 

[Imp]

DOW is down to -670 as of 3:20-ish pm EST.

New sound bite:

https://youtu.be/-W6as8oVcuM

Edit: And it's back to -300 points about 10 minutes before closing.

 

[Attic]

Feels like a donkey trap.

I feel much worse about the Markets now than I did on Friday's close.

 

[Charmonium]

Interesting day. Dow opened 1000pts down and recovered all but about a buck fity by mid day. Then someone flushed a second time. Feeble attempt at a rally going into the close so look for more pain tomorrow.

 

[Attic]

Shiller PE Ratio

Lot of room to drop if this is a real correction. Given the new low global growth I think 12-14 is in the cards, another ~50% drop from where we are now.