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Message

re: The Market Correction has begun

Posted on 4/11/14 at 9:52 am to
Posted by Lsut81
Member since Jun 2005
80060 posts
Posted on 4/11/14 at 9:52 am to
quote:

It would not shock me if the market closes UP for the day today.


Would be funny for sure... But weren't almost all of the overseas markets down big over night?

Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 4/11/14 at 9:53 am to
quote:

It would not shock me if the market closes UP for the day today.


BUY BUY BUY
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 4/11/14 at 9:56 am to
quote:

But weren't almost all of the overseas markets down big over night?

Europe's markets are still open and in Asia only Japan was down "big." The Nikkei was down a little over 2%.
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23482 posts
Posted on 4/11/14 at 10:49 am to
I say the market correction is over
Posted by LSUneaux
NOLA
Member since Mar 2014
4483 posts
Posted on 4/11/14 at 10:57 am to
If you are young and have cash, this is great news! Pile into those dividend aristocrats and hold, baby!
Posted by Lsut81
Member since Jun 2005
80060 posts
Posted on 4/11/14 at 10:58 am to
quote:

Pile into those dividend aristocrats


Give me some names
Posted by LSUneaux
NOLA
Member since Mar 2014
4483 posts
Posted on 4/11/14 at 11:04 am to
Xom, ko, mmm, IBM, t, cl...

There are 51 companies with the prestigious title of dividend aristocrat.
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 4/11/14 at 11:10 am to
quote:

I say the market correction is over
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 4/11/14 at 12:34 pm to
There was no correction. It was money coming out of the momo high flyers with crazy valuations. Money going back in to more reasonable names.
Posted by Lsut81
Member since Jun 2005
80060 posts
Posted on 4/11/14 at 12:42 pm to
quote:

There was no correction. It was money coming out of the momo high flyers with crazy valuations. Money going back in to more reasonable names.


Wouldn't that be a "Correction"
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15034 posts
Posted on 4/11/14 at 12:54 pm to
And why does "correction" always mean "down"? If the market goes up, is that "incorrect?"
Posted by Lsut81
Member since Jun 2005
80060 posts
Posted on 4/11/14 at 12:58 pm to
quote:

And why does "correction" always mean "down"? If the market goes up, is that "incorrect?"


Pretty sure it could be on both ends...


Shitty Economy, low dividends, flood to speculative/growth stocks = Correction

Better Economy, High Dividents, flood from speculative to tried and true = Correction
Posted by Mootsman
Charlotte, NC
Member since Oct 2012
6024 posts
Posted on 4/11/14 at 1:10 pm to
quote:

If they knew, why would they tell you?


Becaus they have an existing short position.
Posted by Lsut81
Member since Jun 2005
80060 posts
Posted on 4/11/14 at 1:47 pm to
Nasdaq just went sub 4k
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 4/11/14 at 1:50 pm to
quote:

It would not shock me if the market closes UP for the day today


you had to go and open your big fat mouth...
Posted by LSUneaux
NOLA
Member since Mar 2014
4483 posts
Posted on 4/11/14 at 1:52 pm to
Incredible. Seems like yesterday Google was at $614 (split-adjusted) and now in the low $530s.
This post was edited on 4/11/14 at 1:53 pm
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4231 posts
Posted on 4/11/14 at 2:18 pm to
The market always tends to move in ways that will cost the most people the most money.

If sentiment is down, it goes up, etc.

I feel like a big drop is imminent, but that just tells me it will keep going up more. When it is dangerous is when you think it will never go down.

I am an options player. Buy calls on big down days, and buy more on bigger down days. Wait a week and scale out of calls as the rebound occurs. As you scale out if calls, scale into puts.

I usually follow 5 or so stocks, and follow this plan. Has been working well for a long tine for me.

But who knows. There are way smarter cats than me running around out there.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16893 posts
Posted on 4/11/14 at 2:18 pm to
well frick this correction. i'm getting waylayed

Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 4/15/14 at 8:54 am to
quote:

The Market Correction has begun

according to multiple analysts I have heard...
Is it over now?

ETA: Uh-oh....it's back!
This post was edited on 4/15/14 at 9:31 am
Posted by Blakely Bimbo
Member since Dec 2010
1183 posts
Posted on 4/15/14 at 9:30 am to
quote:

quote:
There was no correction. It was money coming out of the momo high flyers with crazy valuations. Money going back in to more reasonable names.



Wouldn't that be a "Correction"



Depends on your own personal definition. Personally, I want to see a break in the 200 DMA to get excited about a "correction".
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