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re: This appears to be more of a reckoning than a correction...my goodness,

Posted on 1/21/16 at 11:07 am to
Posted by Shepherd88
Member since Dec 2013
4573 posts
Posted on 1/21/16 at 11:07 am to
I'm holding my breath for you Russian but looks like your 3 naysayer criteria is holding some ground so far.
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/21/16 at 11:27 am to
Yeah, I see that. But I'm not convinced we've hit a bottom.

Even though the DJ30 is up +235 as I type this, I would not be shocked to see it close today in negative territory. This rally today feels like profit taking from short covering more than it does a real move up from conviction.
This post was edited on 1/21/16 at 11:27 am
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 1/21/16 at 11:31 am to
Probably back below 15500 tomorrow
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 1/21/16 at 12:20 pm to
hearing chatter about a possible big move up for $USD. Could mean another big move down for equities eventually.

watching the s&p500 1750 area

weekly/monthly moving averages grouped there

might be a good area to consider buying
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/21/16 at 12:23 pm to
quote:

hearing chatter
What does that mean?
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72358 posts
Posted on 1/21/16 at 12:26 pm to
quote:

But I'm not convinced we've hit a bottom.



me either. I'm waiting to jump back in. I've DCA'd enough on the way down. I'll make only a couple more buys but I'm going all in so it needs to be really low.
This post was edited on 1/21/16 at 12:27 pm
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 1/21/16 at 12:53 pm to
guy I know that trades currency thinks USD is about to make a big move up

seeing that on a few trading blogs also

these guys do pretty good TA on currencies from what I've seen last few years

they've been talking about this for a couple months so nothing new really
Posted by Sid in Lakeshore
Member since Oct 2008
41956 posts
Posted on 1/21/16 at 1:01 pm to
quote:

the Money Talk Board Fear Factor Conta Indicator Buy Signal


Posted by LSU0358
Member since Jan 2005
7915 posts
Posted on 1/21/16 at 1:01 pm to
My worst year in the four was 15%...best was over 100. I trade futures so the returns can be very nice. Or it can be like last year and be very very bad with down ~50%.

I in no way am hinting 100% is normal...I can't deny I felt lucky hitting two very nice runners long SPX and short the aussie dollar.
This post was edited on 1/21/16 at 1:09 pm
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72358 posts
Posted on 1/21/16 at 1:04 pm to
quote:

guy I know that trades currency


been there done that. Lost my arse day trading currencies.

I'll stick with my regular commodity futures contracts thank you very much. good luck to him though!
Posted by Fat Bastard
coach, investor, gambler
Member since Mar 2009
72358 posts
Posted on 1/21/16 at 1:07 pm to
quote:

I trade futures so the returns can be very nice.


damn right. easy to go short or long. takes money management and discipline though.
Posted by LSU0358
Member since Jan 2005
7915 posts
Posted on 1/21/16 at 1:10 pm to
quote:

But I'm not convinced we've hit a bottom.


Me either. We had a lower closing under last years low close in the SPX, but not in the Dow.
This post was edited on 1/21/16 at 1:42 pm
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/21/16 at 1:13 pm to
quote:

guy I know that trades currency thinks USD is about to make a big move up

they've been talking about this for a couple months so nothing new really
Okay, thanks.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 1/21/16 at 1:20 pm to
think their target is 101.50 on USD Index.
Posted by Porker Face
Midnight
Member since Feb 2012
15308 posts
Posted on 1/21/16 at 1:24 pm to
Other than oil, what market fundamentals point toward serious long term downturn?
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/21/16 at 1:32 pm to
quote:

a possible big move up for $USD. Could mean another big move down for equities eventually.
I've always thought a stronger dollar attracted overseas investors into buying U.S. stocks?

They want to hold U.S. investment assets to offset the loss of buying power of their currency vs. the dollar.
Posted by Bullfrog
Institutionalized but Unevaluated
Member since Jul 2010
56082 posts
Posted on 1/21/16 at 1:36 pm to
Uncertainty with the EU and in the Far East is sending capital into the USD, currently a seen as a safe place to park money.
Posted by LSU1NSEC
Member since Sep 2007
17243 posts
Posted on 1/21/16 at 1:45 pm to
cuts into profits of large cap multinationals if they don't have adequate hedges in place
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/21/16 at 1:49 pm to
quote:

cuts into profits of large cap multinationals if they don't have adequate hedges in place
True, but they do have hedges in place. Plus it makes the raw materials they need to import for manufacturing cheaper for them to buy so that benefits their profit margins.

Unless there is a real sudden drastic move up (or down) or a move that persists for years, large companies can handle it. At least that's been my experience.
Posted by LSUShock
Kansas
Member since Jun 2014
4909 posts
Posted on 1/21/16 at 4:53 pm to
Is anybody in here familiar with investing in the regional bank space? I work in the industry on the vendor side and I'm seeing a lot of institutions that I know are in acquisition mode at 1-2 year lows.
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