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re: LOL @ ALL THE RED

Posted on 7/19/21 at 11:47 am to
Posted by dewster
Chicago
Member since Aug 2006
26472 posts
Posted on 7/19/21 at 11:47 am to
quote:

In all seriousness the left leaning sources are blaming it on COVID so they can blame the right leaning people who have been more lenient on vaccine requirements.


There have been several threads predicting that any issues moving forward would be tied to Covid by the media to protect the current administration or their policies from criticism; then blamed on white people from flyover states for not getting enough vaccines.

Covid vaccination rates are lowest among African Americans, and other nations are seeing an uptick in new cases but not a substantial increase in deaths. Likely because the Delta variant is less severe than the original variant and most of the elderly have already been vaccinated.

So I don't think Covid upticks are entirely to blame for this dip....knee jerk reactions by government officials implementing masking and distancing restrictions on retail businesses are having a bigger impact.

I'm far more concerned with my government's response to Covid news than I am of the Covid news. They have to appear to be doing something. And that usually means social distancing, economic sanctions on bars/restaurants/entertainment venues, and mask requirements. If it looks like it's going to that, there will be a bigger dip.
This post was edited on 7/19/21 at 11:51 am
Posted by go ta hell ole miss
Member since Jan 2007
14583 posts
Posted on 7/19/21 at 11:49 am to
quote:

Wouldn't now make for a better buying opportunity considering he waited for stocks to drop lower than they were last week at the beginning of the sell off?


Those stocks started rising two weeks ago when this rotation moved away from cyclical and reopening back into strong companies like Apple, etc., that he suggested he was going to.
Posted by SerenityNow
Chicago
Member since Feb 2008
2418 posts
Posted on 7/19/21 at 12:24 pm to
quote:

I'm far more concerned with my government's response to Covid news than I am of the Covid news. They have to appear to be doing something. And that usually means social distancing, economic sanctions on bars/restaurants/entertainment venues, and mask requirements. If it looks like it's going to that, there will be a bigger dip.


This is what scares me the most. I'm probably stupidly optimistic that the types of things that L.A. is doing won't be replicated. And I'm hopeful that the administration recognizes that all further lockdowns and mask mandates will do is more harm to the economy but make any incentive to get the vaccine completely null and void.

And to earlier points, the media at large are doing nothing but stoking the flames when all the data suggests that 1.) the variant is less severe and deaths are not increasing 2.) that while yes, you can get infected after vaccination, the majority of cases are on the unvaccinated.

But instead, every headline is essentially that this is doom and gloom part 2 and we're all going to die.

Posted by FLObserver
Jacksonville
Member since Nov 2005
15862 posts
Posted on 7/19/21 at 12:35 pm to
I was told consumer stable stocks like : Mcdonalds, HD , JNJ were safe spaces so been buying those recently . been steady last few weeks and all my gains wiped out in like 2 days IS market starting to price in the interest rate hike? or stupid covid variant? because earnings have been good recently for most companies. Just Bought JNJ if they miss earnings on 21st then i bought at a really bad time.
This post was edited on 7/19/21 at 12:38 pm
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79512 posts
Posted on 7/19/21 at 12:37 pm to
I'm afraid to look.
Posted by slackster
Houston
Member since Mar 2009
91386 posts
Posted on 7/19/21 at 12:41 pm to
quote:

I’m moving all my funds to cash until everything balances out.

Before last week, I was up to a +36% YTD on my 401k, and been bouncing between 30-35% all year.

Now I’m dipped to +22% YTD.



Not a single sentence in this post makes sense.
Posted by slackster
Houston
Member since Mar 2009
91386 posts
Posted on 7/19/21 at 12:42 pm to
quote:

I’m still kicking myself from not moving anything around last year when COVID came around.

I ain’t loosing big again lol



The only way you could have lost big last year WAS to move things around.
Posted by slackster
Houston
Member since Mar 2009
91386 posts
Posted on 7/19/21 at 12:43 pm to
quote:

Love all the fear. Starts pointing to me as a nice buying opp on fundamentally good stocks that get oversold.

I'm going shopping.


Lemme know when we get a “Markets in Turmoil” special on CNBC. That’s the green light to go all in.
Posted by tigerfoot
Alexandria
Member since Sep 2006
60794 posts
Posted on 7/19/21 at 12:52 pm to
quote:

The only way you could have lost big last year WAS to move things around.


That is what I did...it cost me about 40k. Never again. I really thought we hadnt found the bottom. We were at it. I missed some of the bounce.

eta: I still had a nice return on the year, but not the astronomical numbers most did
This post was edited on 7/19/21 at 12:54 pm
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79512 posts
Posted on 7/19/21 at 12:54 pm to
quote:

Lemme know when we get a “Markets in Turmoil” special on CNBC. That’s the green light to go all in.


If you're playing the long game, take advantage of the panic. Either everything bounces back in the long run or we're all screwed anyway.
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77909 posts
Posted on 7/19/21 at 12:58 pm to
Does a day like today benefit or hurt someone with a 401k loan?
Posted by dewster
Chicago
Member since Aug 2006
26472 posts
Posted on 7/19/21 at 1:03 pm to
quote:

This is what scares me the most. I'm probably stupidly optimistic that the types of things that L.A. is doing won't be replicated. And I'm hopeful that the administration recognizes that all further lockdowns and mask mandates will do is more harm to the economy but make any incentive to get the vaccine completely null and void.



There's a huge change the citizens will just ignore it.

Businesses don't have that flexibility.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11889 posts
Posted on 7/19/21 at 1:05 pm to
quote:

Lemme know when we get a “Markets in Turmoil” special on CNBC. That’s the green light to go all in.



It's almost a lagging indicator they call the bottom with this special almost every time

Have some trading friends that were saying Ackman had another doomsday meltdown this morning
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 7/19/21 at 1:40 pm to
bonds are ruined and boomers are balls deep in equities, so there is no realistic way they can let the stock market normalize (crash)

so going to cash here makes absolutely no sense esp because cpi is not slowing down anytime soon
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
19488 posts
Posted on 7/19/21 at 1:41 pm to
quote:

So I don't think Covid upticks are entirely to blame for this dip....knee jerk reactions by government officials implementing masking and distancing restrictions on retail businesses are having a bigger impact.


Lock it down and more stimmy.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
35917 posts
Posted on 7/19/21 at 1:46 pm to
quote:

Lemme know when we get a “Markets in Turmoil” special on CNBC. That’s the green light to go all in.


We've had red bars and "MARKET SELL-OFF" on the screen all day. Does that count?
Posted by lowspark12
nashville, tn
Member since Aug 2009
22526 posts
Posted on 7/19/21 at 2:10 pm to
Good thing I’ve got it all in crypto... zero market manipulation going in over here.
Posted by SlidellCajun
Slidell la
Member since May 2019
16108 posts
Posted on 7/19/21 at 2:20 pm to
Hurting

Buying opportunity tho

In feb 2020 when the covid was the headline and the market was crashing all over us, was it not a good time to buy?

Of course it was

Same thing here
Posted by lynxcat
Member since Jan 2008
25053 posts
Posted on 7/19/21 at 3:10 pm to
Days like today are why I DCA. I'll keep buying into the market even as it declines.

DCA is not as mathematically beneficial as lump sum but psychologically it keeps me sane.

My decision point is whether to invest even more dry powder to accelerate the DCA or just let it ride with my consistent buys every 2 weeks.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
79512 posts
Posted on 7/19/21 at 3:28 pm to
Ugh...

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