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Current Market

Posted on 9/20/21 at 1:14 pm
Posted by Auburn80
Backwater, TN
Member since Nov 2017
7488 posts
Posted on 9/20/21 at 1:14 pm
Are we beginning to see the correction that most people have been expecting, or is this a short term blip? Last couple of weeks has been a slow decline. Just curious.
Posted by Strannix
District 11
Member since Dec 2012
48842 posts
Posted on 9/20/21 at 1:36 pm to
Its coming
Posted by FLObserver
Jacksonville
Member since Nov 2005
14438 posts
Posted on 9/20/21 at 1:41 pm to
Think this will push must retail investors to the sidelines . I'm looking at a nice Red portfolio right now. Will start averaging down with companies like : FB ,NKE,sq once we can get on some solid ground. You buy now a week later you are down 10 to 15 bucks a share on no news. Just gonna watch with dread now as My current stocks seem to be tanking.
This post was edited on 9/20/21 at 1:42 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/20/21 at 1:43 pm to
DOW to 10,000!
This post was edited on 9/20/21 at 1:44 pm
Posted by FLObserver
Jacksonville
Member since Nov 2005
14438 posts
Posted on 9/20/21 at 1:46 pm to
quote:

DOW to 10,000!


We get a month of days like today may be there by halloween
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/20/21 at 1:50 pm to
Retail investors have been so convinced of “buy the dip,” “there is no alternative,” “stonks only go up,” and “don’t fight the Fed,” that there is no way they get out in time. If the market tanks, they will go down with it. That said, there are at least some trading signals that may pique their interest. For instance, the S&P’s RSI hasn’t been this low since March of 2020 and we certainly don’t appear to be bouncing off the 50-day moving average like we have half a dozen times or so in the past few months. So maybe they do get tempted to get a little cautious here.

Kyle Bass had some interesting comments recently with Grant Williams where he mentioned it has become a known fact in macro circles that Fed officials enjoy seeing how the market reacts to their comments (dual mandate, right?). I wouldn’t be surprised if we get a Fed bounce this week, even with my view that current valuations are firmly divorced from reality.
Posted by FLObserver
Jacksonville
Member since Nov 2005
14438 posts
Posted on 9/20/21 at 2:12 pm to
All you can do here if your new to the game is buy a few High quality stocks like : HD, MSFT, AMT etc.. because even if they go down 50 dollars @ share in this drop they will recover much quicker than the smaller to mid cap companies.

Im sitting @ 60/40 stocks to cash right now . Will monitor and buy small amounts of quality companies if this continues .if there is a big bounce day have to be cautious because odds are currently the next day could be down again.
This post was edited on 9/20/21 at 2:17 pm
Posted by CorkRockingham
Member since Jun 2017
502 posts
Posted on 9/20/21 at 2:21 pm to
For the health and well being of future generation I wish this market would correct and that that the Fed would taper and that they would raise interest rates.

I don’t think I will get my wish though.
Posted by Jjdoc
Cali
Member since Mar 2016
53436 posts
Posted on 9/20/21 at 2:23 pm to
If Evergrande does collapse... think 2008 but slightly bigger.


That means No more purchasing for me. I'm holding what I have and I am stashing cash to buy low again...


Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/20/21 at 2:29 pm to
quote:

For the health and well being of future generation I wish this market would correct and that that the Fed would taper and that they would raise interest rates.


+1
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 9/20/21 at 2:50 pm to
for the 8th month in a row redstick says the fed will raise rates.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/20/21 at 3:04 pm to
That’s just blatantly false. I’ve said I think they should raise rates. I’ve said I think inflation or the market could or should cause them to raise rates. I’ve noted there were members of the FOMC who appeared to be becoming more open to raising rates sooner rather than later. But in no way have I been making “eights months in a row of predictions of imminent Fed rate hikes.”

It’s only a matter of time before your binary view of the world causes significant damage to your portfolio. You have an almost religious conviction of your finance and economic views. The definition of “Bayesian” could be “doing something in the manner that is the exact opposite of rocket31.” Get out of here with your nonsense.
Posted by HagaDaga
Member since Oct 2020
155 posts
Posted on 9/20/21 at 3:07 pm to
quote:

That means No more purchasing for me. I'm holding what I have and I am stashing cash to buy low again...



What kind of stocks would be good to keep an eye on to show things might pop up?
Posted by GREENHEAD22
Member since Nov 2009
19583 posts
Posted on 9/20/21 at 3:20 pm to
I am hoping for a big rally tomorrow. Will move all assets to MM accounts in my old 401ks and do the Rollover as well as free up cash in my Roth and trading account.


So everyone should plan for a 50% correction tomorrow, that is how my luck usually runs.
Posted by el Gaucho
He/They
Member since Dec 2010
52910 posts
Posted on 9/20/21 at 3:20 pm to
My penny stocks were pretty lit today

Maybe y’all should invest in real companies instead
Posted by Triple Bogey
19th Green
Member since May 2017
5975 posts
Posted on 9/20/21 at 3:22 pm to
Posted by slackster
Houston
Member since Mar 2009
84609 posts
Posted on 9/20/21 at 3:43 pm to
quote:

If Evergrande does collapse... think 2008 but slightly bigger.


This is patently absu…

quote:

Jjdoc


Oh, makes sense.
Posted by slackster
Houston
Member since Mar 2009
84609 posts
Posted on 9/20/21 at 3:45 pm to
quote:

Im sitting @ 60/40 stocks to cash right now


Wow. When and why did this happen?
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 9/20/21 at 4:00 pm to
quote:

It’s only a matter of time before your binary view of the world causes significant damage to your portfolio.




"youll get rekt someday bro"

been hearing that for over 5 years now
Posted by Langland
Trumplandia
Member since Apr 2014
15382 posts
Posted on 9/20/21 at 4:20 pm to
quote:

or is this a short term blip?


That's what they will tell you while they are getting out.
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