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Started By
Message
re: Dow down 700 pts
Posted on 12/6/18 at 10:00 am to cuyahoga tiger
Posted on 12/6/18 at 10:00 am to cuyahoga tiger
quote:The new Chairman of the Fed was just appointed by Trump earlier this year.
I'm not sure the Fed can stay apolitical.
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 12/6/18 at 10:04 am
3
Posted on 12/6/18 at 10:03 am to LSURussian
Well this is getting interesting.
Posted on 12/6/18 at 10:04 am to LSURussian
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.
Posted on 12/6/18 at 10:07 am to bayoubengals88
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.
Posted on 12/6/18 at 10:11 am to brian_wilson
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.
Posted on 12/6/18 at 10:13 am to brian_wilson
quote:I wouldn't be surprised if the totality of my portfolio is UP today. Thanks AUPH
I did sell about 5% of my US holdings last week and 3% in august, so I timed that pretty well.
Posted on 12/6/18 at 10:14 am to SouthMSReb
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.
Posted on 12/6/18 at 10:21 am to brian_wilson
quote: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.
its getting depressing.
This will be his last Christmas.
It put things in perspective.....
ETA: Here is that thread....
This post was edited on 12/6/18 at 10:24 am
Posted on 12/6/18 at 10:22 am to brian_wilson
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.
Posted on 12/6/18 at 10:23 am to LSUneaux
Boeing (BA) is down 7%. Wtf.
They have a huge backlog of orders for planes.
They have a huge backlog of orders for planes.
This post was edited on 12/6/18 at 10:24 am
Posted on 12/6/18 at 10:30 am to LSUneaux
Over 1,500 pts in just 10 trading hours.
Damn.
Damn.
Posted on 12/6/18 at 10:34 am to bayoubengals88
This is crazy panic.
Posted on 12/6/18 at 10:35 am to bayoubengals88
Market is too bipolar for me but I’m sticking with it
Posted on 12/6/18 at 10:51 am to tiger perry
Looks like a great day to buy!
Posted on 12/6/18 at 10:51 am to LSUneaux
quote:
They have a huge backlog of orders for planes.
Too much China exposure in today's environment, expect some backlash over yesterdays arrest.
.
Posted on 12/6/18 at 10:57 am to LSURussian
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.
Posted on 12/6/18 at 11:02 am to Shepherd88
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.
6-7% swings in total market indexes in less than two trading days should really never happen.
Posted on 12/6/18 at 11:07 am to lynxcat
quote:True, but I doubt it.
For all we know, the market will end today in the green.
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 12/6/18 at 11:11 am
Posted on 12/6/18 at 11:20 am to LSURussian
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.
Posted on 12/6/18 at 11:29 am to HYDRebs
My UA and GWRS are positive. That’s all.
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