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LSURussian
LSU Fan
Member since Feb 2005
110101 posts
 Online 

re: Dow down 700 pts
quote:

I'm not sure the Fed can stay apolitical.
The new Chairman of the Fed was just appointed by Trump earlier this year.

ETA: It may be difficult to realize that with all the recent turmoil in the stock market, the Dow Jones is still UP over 30% since November 8, 2016, the day Trump was elected POTUS. The Dow Jones closed at 18,332.74 on that day.
This post was edited on 12/6 at 10:04 am


bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
10085 posts
 Online 

re: Dow down 700 pts
Well this is getting interesting.


slackster
Stanford Fan
Houston
Member since Mar 2009
50542 posts
 Online 

re: Dow down 700 pts
It was never a good idea for Trump to tie himself to stock market performance. The fact that he's still trying to get involved in that space is mind blowing to me.


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70
brian_wilson
LSU Fan
Member since Oct 2016
2809 posts

re: Dow down 700 pts
quote:

Well this is getting interesting.


its getting depressing. I do think we are overdue for a bear market but this type of blood bath isn't good for anyone.

I did sell about 5% of my US holdings last week and 3% in august, so I timed that pretty well.


SouthMSReb
Ole Miss Fan
Member since Dec 2013
2506 posts
 Online 

re: Dow down 700 pts
quote:

but this type of blood bath isn't good for anyone.


It's good for me

Going to get Apple at almost a 1.8% yield. Not to mention all of the Midstream pipeline companies that are getting absolutely hammered. EPD going to be one of my largest positions and I'm getting it at dirt cheap valuations.



bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
10085 posts
 Online 

re: Dow down 700 pts
quote:

I did sell about 5% of my US holdings last week and 3% in august, so I timed that pretty well.

I wouldn't be surprised if the totality of my portfolio is UP today. Thanks AUPH


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10
brian_wilson
LSU Fan
Member since Oct 2016
2809 posts

re: Dow down 700 pts
quote:

It's good for me


Buying on the dip is a good strategy, of course, timing that is a bit tough. You could have bought on Tuesday and then been SOL.

I will likely re-enter the market at the end of Dec.


LSURussian
LSU Fan
Member since Feb 2005
110101 posts
 Online 

re: Dow down 700 pts
quote:

its getting depressing.
I was getting a little down this morning over the stock market until I read the thread on the O-T Board about the little 8 year old boy from Vinton, La who has terminal brain cancer.

This will be his last Christmas.

It put things in perspective.....

ETA: Here is that thread....
This post was edited on 12/6 at 10:24 am


LSUneaux
New Orleans Pelicans Fan
NOLA
Member since Mar 2014
2635 posts

re: Dow down 700 pts
I bought BAC at $27 on Tuesday, and more today at $25.70. If it continues to tank I’ll buy more. These spikes always slingshot back, even if they don’t slingshot north completely.


LSUneaux
New Orleans Pelicans Fan
NOLA
Member since Mar 2014
2635 posts

re: Dow down 700 pts
Boeing (BA) is down 7%. Wtf.

They have a huge backlog of orders for planes.
This post was edited on 12/6 at 10:24 am


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bayoubengals88
Wisconsin Fan
LA
Member since Sep 2007
10085 posts
 Online 

re: Dow down 700 pts
Over 1,500 pts in just 10 trading hours.

Damn.


LSUneaux
New Orleans Pelicans Fan
NOLA
Member since Mar 2014
2635 posts

re: Dow down 700 pts
This is crazy panic.


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00
tiger perry
New Orleans Saints Fan
Member since Dec 2009
21314 posts
 Online 

re: Dow down 700 pts
Market is too bipolar for me but I’m sticking with it


Jwodie
LSU Fan
New Orleans
Member since Sep 2009
6748 posts
 Online 

re: Dow down 700 pts
Looks like a great day to buy!


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10
cave canem
Mississippi St. Fan
land o sand
Member since Oct 2012
8183 posts

re: Dow down 700 pts
quote:

They have a huge backlog of orders for planes.



Too much China exposure in today's environment, expect some backlash over yesterdays arrest.
.


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00
Shepherd88
Member since Dec 2013
2329 posts

re: Dow down 700 pts
I expected this kind of volatility (short term pain) immediately after a trump election, but for some long term gain benefit later. I’m fine with the 30% run though, then ripping the band aid off some issues so we can heal better.


lynxcat
Rutgers Fan
Member since Jan 2008
19790 posts

re: Dow down 700 pts
For all we know, the market will end today in the green.

6-7% swings in total market indexes in less than two trading days should really never happen.


LSURussian
LSU Fan
Member since Feb 2005
110101 posts
 Online 

re: Dow down 700 pts
quote:

For all we know, the market will end today in the green.

True, but I doubt it.

FWIW, the major European exchanges all closed today down over 3%. As I write this the DJ is down 2.48% and the S&P500 is down 2.1%.

ETA: The only stock I own that's up today is ISTR. It's up 2.01% (+$0.50) on massive volume of 1,036 shares traded today....
This post was edited on 12/6 at 11:11 am


HYDRebs
Ole Miss Fan
Houston
Member since Sep 2014
956 posts

re: Dow down 700 pts
quote:

ETA: The only stock I own that's up today is ISTR. It's up 2.01% (+$0.50) on massive volume of 1,036 shares traded today....


I've got two slightly in the green Intel and Southwest. Really like Southwest right now with oil prices where they are in the $50's.


Shepherd88
Member since Dec 2013
2329 posts

re: Dow down 700 pts
My UA and GWRS are positive. That’s all.


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