re: Feels like 1987

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Tell us the secret.

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Day trade support levels for quick trades. Learn Fibinacci projection. Once we get a confirmed bottom you can start going long otherwise sell resistance.

The Nikkei crashing is very similar to 1987. A global ripple effect. These aren’t mom and pop sellers, but massive foreign investors and quant funds.

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I don't day trade unless the Vix gets over 20 because it's hard to beat computer trading programs. But, the Vix was over 40 Friday and will be even higher tomorrow. Experienced traders kill it in times like these.



Well? We’re waiting.

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I’ve already put 1/3 of my cash in. Will pull the trigger on the rest with each 10% further that it pulls back. I need to figure out my entry points if it doesn’t reach those levels. Been waiting for a pullback to put my cash holdings in.

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Are you buying the index or individual names?

At this point it's a falling knife with lending tightening around the corner.

I would stick with index to keep from getting caught out. Reversal lifts all boats but don't won't to be stuck on the raft with a hole.

Critical question though without USA govt to backstop how bad can it get if this continues

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Are you buying the index or individual names?

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This is all VTI. Definitely trying to catch a falling knife….but the rebounds are as quick or quicker. So I’d rather look at it as buying in x% below the highs. I’ve got a long horizon.

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You think a market that dumps 20% in a week ‘cause “tariffs” is built on fundamentals? It’ll still be overvalued if it drops another 15%.

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This - by any of the fundamental measurements.

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...we know how to trade it. My advise is to wait...

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Here's where the grammar nazi sees the problem: You may know about trading shares, but you don't know a noun from a verb. If someone doesn't know a noun from a verb, how can I really trust what they have to say about anything?

That's why writing is important. If you want people to listen to you, and believe you, don't look like an illiterate moron. Believe me, it matters.

Part of my job used to be reviewing plans and reports from my staff. I used to tell them, "You can get away with all kinds of wrong stuff as long as no one catches you making a mistake. Generally, the reader is going to give the author the benefit of the doubt right up until they spot a blunder. From that point on, the whole report is in doubt." Unfortunately my staff was functionally illiterate, so they were incapable of spotting their own blunders. It made me focus on spotting mistakes, blunders, typos and just flat out wrong shite.

Try not to make blunders, they make your whole point look dubious - at best.

That said, this economic situation is going to put the Fed in the trick bag. It's looking like we could get high inflation as well as a recession. If I remember correctly, zero growth with inflation is referred to as, 'stagflation'.

So you say it's looking like 1987, but I'm thinking it's looking more like 1979.