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Started By
Message
Dow futures down 500pts
Posted on 5/9/22 at 5:46 am
Posted on 5/9/22 at 5:46 am
Guess we didn’t get it out of our system end of last week.
Time to buy on the way down.
Time to buy on the way down.
This post was edited on 5/9/22 at 5:58 am
17
Posted on 5/9/22 at 6:10 am to Lsut81
Long way down to go
Posted on 5/9/22 at 6:13 am to Lsut81
quote:
Time to buy on the way down.
Not a good time to buy. I'll wait until the market stabilizes.
Posted on 5/9/22 at 6:18 am to Lsut81
This does not look good
Hopefully the red wave at midterms corrects this
Hopefully the red wave at midterms corrects this
Posted on 5/9/22 at 6:29 am to Lsut81
Its took about 2 years to go from the Covid 2020 lows to the end of 2021 to reach the highs. Looking like the crash from those highs to past the 2020 lows may only take months. If this continues Nasdaq could be back to 8k area and Dow back to mid 20k's by end of year.
Utilities, Medical, Energy and defense stocks seem to be the safe havens for now.
A year ago we thought Covid was the only issue and that seems to be the only thing that has cleared up
Utilities, Medical, Energy and defense stocks seem to be the safe havens for now.
A year ago we thought Covid was the only issue and that seems to be the only thing that has cleared up
This post was edited on 5/9/22 at 6:33 am
Posted on 5/9/22 at 6:29 am to Lsut81
Get used to it. This is probably 3rd inning of the bloodbath we’re about to see
Posted on 5/9/22 at 7:09 am to Lsut81
Not buying just yet
Seeing days like this coming off of what we had last week just tells me that we’re in for more downside and volatility along the way.
The market is hinged to 2 big components: earnings and interest rates. A lot of questions still exist for these 2 areas.
Interest rates are a big concern as boomers realize that they can get safer returns while cutting back on spending. That can have a multiplier effect on earnings and the market as they drawdown on equities.
It’s looking more and more to me like we’re heading for a recession too. The question I have is how bad of a recession?
Seeing days like this coming off of what we had last week just tells me that we’re in for more downside and volatility along the way.
The market is hinged to 2 big components: earnings and interest rates. A lot of questions still exist for these 2 areas.
Interest rates are a big concern as boomers realize that they can get safer returns while cutting back on spending. That can have a multiplier effect on earnings and the market as they drawdown on equities.
It’s looking more and more to me like we’re heading for a recession too. The question I have is how bad of a recession?
This post was edited on 5/9/22 at 7:34 am
Posted on 5/9/22 at 7:11 am to Lsut81
I’m enjoying the negativity, particularly the “this is just the beginning” without any context or reasoning.
Posted on 5/9/22 at 8:29 am to Lsut81
It took 10 years to regain ATHs after Stagflation and it took almost 20 after the Tech boom.
The buy every dip strategy will 100% blow your account up in the long run.
The buy every dip strategy will 100% blow your account up in the long run.
Posted on 5/9/22 at 9:33 am to Lsut81
All I see is red today and lots of it. Very depressing
Posted on 5/9/22 at 10:12 am to Lsut81
frick the stock market and frick anyone who voted Biden
Posted on 5/9/22 at 10:17 am to Lsut81
Earnings don't matter in a market like this. I know we haven't hit the levels yet, but we are in a bear market. If your company blows out earnings, your stock will be up 2-3% and then sell off the next day back to even. If you report inline the stock will be down 5% and if you miss you'll be down 10-20%.
The rallies will be jaw dropping and as soon as you think the worst is over, you'll get a day like last Thursday to take all the wind back out of your sails. I think there is more pain to come as the 10 year increases in yield.
The rallies will be jaw dropping and as soon as you think the worst is over, you'll get a day like last Thursday to take all the wind back out of your sails. I think there is more pain to come as the 10 year increases in yield.
Posted on 5/9/22 at 11:14 am to Lsut81
quote:Maybe so. S&P has a bit to give up yet. Perhaps another 5% to 3800?
Time to buy on the way down
We're 50% cash right now. Mostly keeping the powder dry.
Put a toe in today with a few fractional buys though; e.g., MA, EXPE, along with lowering cost-basis in some positions.
Posted on 5/9/22 at 11:52 am to Lsut81
I sold 60% of my stocks in March. I’m going to make out like a bandit when this is all done.
Posted on 5/9/22 at 12:24 pm to Lsut81
I think it will drop another 3,000 to 5,000 points. Market correction time. As interest rates increase, bonds will begin to have higher rates and money will move to bonds.
Posted on 5/9/22 at 4:28 pm to Lsut81
Posted on 5/9/22 at 5:04 pm to Lsut81
It seems to me that for major corrections, there usually is a capitulation, and people finally just quit watching or caring about the market. From there, the rebuilding begins. I feel that we are more in the denial stage, and have yet to throw in the towel. There's a generation of meme stock investors who have not been through this yet. Best of luck to all of you/us.
Posted on 5/18/22 at 8:53 am to Lsut81
These are the sellers jumping out after the markets have had some nice jumps
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