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re: Will trump wreck the economy?

Posted on 6/19/18 at 8:20 am to
Posted by LSUcam7
FL
Member since Sep 2016
7915 posts
Posted on 6/19/18 at 8:20 am to
quote:

buying opportunity. the market was WAY overpriced as it was..


So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 6/19/18 at 8:29 am to
More so as of late, yes?
Posted by mrgreenpants
paisaland
Member since Mar 2018
1421 posts
Posted on 6/19/18 at 10:38 am to
quote:

So the market WAS overvalued, but now that the index has dropped 1-3% as of late, it is now a buying opportunity?



kinda depends on individual stocks...but the sp500 had like 4-5 straight weeks of gains...the SPY is still oversold imo(on monthly charts).

profit taking/corrections should be expected...obviously, the markets are not everyone's personal ATM.
(and not much volatility on SPY puts to indicate geo-political events as cause of any corrections)

persoanlly, the past week or 2 i've been closing positions and watching my remaining (short) options from last qrt expire.
its summer...but i'll prolly open up new positions as opportunity presents as earnings season heats up.

if sp500 drops to 50 moving avg again(on weekly chart)...then i'd be 100% in buying mode


This post was edited on 6/19/18 at 3:04 pm
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