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Is this the most boring stock market period EVER?

Posted on 1/17/13 at 10:04 am
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/17/13 at 10:04 am
No volume, no volatility. Same ole, same ole every day.

It doesn't go up enough to short it and it doesn't go down enough to go long.

Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69882 posts
Posted on 1/17/13 at 10:12 am to
I'm with you man, Something big needs to happen already.

I either want dark green gains, or blood in the streets, meow
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/17/13 at 10:48 am to
You could always try roulette or craps. It's offseason in Vegas, you should go!
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/17/13 at 10:55 am to
I like my odds better in the stock market, but thanks for the suggestion.
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 1/17/13 at 11:03 am to
The odds are definitely better in the market, I thought it was excitement you were after.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 1/17/13 at 11:26 am to
I prefer the dark greens myself since I'm all long right now
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8140 posts
Posted on 1/17/13 at 11:40 am to
Don't know if I would call +330 bps on the SP 500 and +400 bps on the SP 1500 Energy in half a month "boring"
Posted by lighter345
Member since Jan 2009
11863 posts
Posted on 1/17/13 at 12:29 pm to
Trade some biotech stocks. That'll get you going.
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/17/13 at 1:22 pm to
If you look at the 50 day moving average, it's been a steady increase since 2009. I don't know what's not to like unless you are day trading...
Posted by Teddy Ruxpin
Member since Oct 2006
39545 posts
Posted on 1/17/13 at 1:55 pm to
quote:

I don't know what's not to like unless you are day trading...


From my understanding, he does a lot of that.
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 1/17/13 at 2:05 pm to
quote:

+330 bps on the SP 500 in half a month


I will take 12 of these, thank you.
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/17/13 at 2:43 pm to
quote:

I don't know what's not to like unless you are day trading...
I am.
Posted by C
Houston
Member since Dec 2007
27813 posts
Posted on 1/17/13 at 5:52 pm to
I know. It was a swipe.
Posted by acgeaux129
We are BR
Member since Sep 2007
15011 posts
Posted on 1/17/13 at 8:06 pm to
Earnings season has started on a positive note with EBAY, GS, and JPM. Great upside in homebuilders, financials, and energy right now.
Posted by LSUAZ
Egypt
Member since Nov 2012
124 posts
Posted on 1/17/13 at 8:28 pm to
Decent move up today but the forex market didnt confirm the move Aussie AUD/USD forx moves a bit more than normal markets....
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/17/13 at 8:37 pm to
AT&T is going to be a drag tomorrow. They announced some warnings after the market closed today. T was down over 2% in after hours trading the last I looked.

GE announces earnings Friday.
This post was edited on 1/17/13 at 8:38 pm
Posted by RidiculousHype
St. George, LA
Member since Sep 2007
10178 posts
Posted on 1/18/13 at 10:00 am to
quote:

I am.


How have you done the last couple years?
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16893 posts
Posted on 1/18/13 at 10:41 am to
thread highjack:

anyone in here trade or do much research into energy MLPs?

i've been reading about them for quite a while but have yet to make a move. Just looking for some thoughts from others.

Ive considered ETP for a nice long yield. Also considered RGP for possible merger with ETP.
CVR refining also intrigues me as an IPO.
Posted by LSURussian
Member since Feb 2005
126843 posts
Posted on 1/18/13 at 10:45 am to
quote:

How have you done the last couple years?

Pretty good for a part-time hobby.

I keep all of my trades on Excel so it's easy for me to keep track of the transactions and results.

In 2011 I netted (after all transaction costs) a profit of 22 basis points on the total of my trades.

Last year I netted 28 bp.

In the 13 trading days this year, including today, I've netted 46 bp. Over half of that was on one big trade in GE. I bought GE two weeks ago anticipating they were going to have a good 4th quarter, which they did and which they announced this morning before the market opened. I sold all of my GE this morning at $22.04 in pre-market trading.

I don't anticipate maintaining this pace throughout 2013. I don't take much risk. The GE trade was the most risk I've taken in a loooonnnnnggggg time, maybe ever.

I consider a long-term holding in my trading portfolio to be anything in my account that is there when the sun goes down.

It's a fun hobby that I spend maybe an hour or two playing each trading day.
This post was edited on 1/18/13 at 10:46 am
Posted by dewster
Chicago
Member since Aug 2006
25299 posts
Posted on 1/18/13 at 10:49 am to
Exactly. Someone like me would be comfortable now. The last year has been very nice. I'm not a day trader though.
This post was edited on 1/18/13 at 10:52 am
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