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Looks like it's gonna be another bloody day on Wall Street
Posted on 11/20/18 at 8:29 am
Posted on 11/20/18 at 8:29 am
Time for a bottom prediction thread?
8
Posted on 11/20/18 at 8:34 am to Vols&Shaft83
Me right now
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Posted on 11/20/18 at 8:38 am to Vols&Shaft83
I won't be surprised if it comes back up some by the end of today. AAPL is killing me though.
Posted on 11/20/18 at 8:39 am to castorinho
I still think tech stocks are trading way above their value, which is why I haven't plunged in head first yet.
But we'll be fine
But we'll be fine
Posted on 11/20/18 at 8:44 am to fallguy_1978
quote:
I won't be surprised if it comes back up some by the end of today. AAPL is killing me though.
AAPL and AMZN have a long way to go, still over priced.
AMZN especially. 85 times earnings? What the frick?
AAPL needs to get to a P/E of around 8 for me to dive in.
Posted on 11/20/18 at 8:44 am to Vols&Shaft83
On cnbc, cramer straight up told people to sell today. I know, i know, schill, but with alot of ears.
Posted on 11/20/18 at 8:46 am to Pendulum
quote:
On cnbc, cramer straight up told people to sell today. I know, i know, schill, but with alot of ears.
I'd like to thank Cramer for creating some panic amongst the sheep
Posted on 11/20/18 at 8:53 am to Vols&Shaft83
quote:
AAPL needs to get to a P/E of around 8 for me to dive in.
P/E of 15 is historically pretty average. I'm in at 72 so I'm just going to hold it and reinvest the dividend. I hopefully won't need any of the money that I have in the market for years.
I started a thread on here about 6 months ago regarding my concern over slowing iPhone sales. That's AAPLs primary revenue source.
LINK
I like AMZN long term but I agree that it's too expensive.
This post was edited on 11/20/18 at 9:06 am
Posted on 11/20/18 at 8:55 am to Pendulum
quote:selling hasn't crossed my mind. However, I didn't take enough profits with my tech stocks so I don't have enough cash sitting around to DCA. As a result I'm struggling to find an entry point
On cnbc, cramer straight up told people to sell today. I know, i know, schill, but with alot of ears.
Posted on 11/20/18 at 8:55 am to Vols&Shaft83
quote:
P/E of around 8 for me to dive in
Highly doubt you’ll get your buy then. I don’t see AAPL trading at half the market’s valuation. Will probably carry close to market valuation at any given point.
Posted on 11/20/18 at 9:00 am to castorinho
He basically just reasoned through all the things that could rescue the market, and how it's not going to happen this year, so most of what you like today, will be cheaper in Jan or Dec. Not really a hardline position.
Posted on 11/20/18 at 9:01 am to LSUcam7
I'll still buy it at 10-12, because I think that's fair, I just won't get get greedy until it's undervalued.
Posted on 11/20/18 at 9:05 am to Vols&Shaft83
*yawn*
Posted on 11/20/18 at 9:07 am to Pendulum
quote:And today he'll probably tell people it's time to buy.
On cnbc, cramer straight up told people to sell today. I know, i know, schill, but with alot of ears.
Six months from now he'll replay the video of whichever of his predictions was correct and not mention the other prediction.
Posted on 11/20/18 at 9:12 am to LSURussian
Are u kidding me. 2 day sell off like this thanksgiving week is not rational
Posted on 11/20/18 at 9:15 am to jb4
quote:
Are u kidding me. 2 day sell off like this thanksgiving week is not rational
It's definitely odd. But I'm not complaining.
Posted on 11/20/18 at 9:15 am to jb4
quote:
Are u kidding me. 2 day sell off like this thanksgiving week is not rational
It feels like a pretty normal correction to me.
One thing that makes it seem worse is the stock market level itself. Down 575 looks terrible but it's only 2.3% which isn't a huge selloff historically.
Posted on 11/20/18 at 9:19 am to Vols&Shaft83
Posted on 11/20/18 at 9:26 am to jb4
quote:
Are u kidding me. 2 day sell off like this thanksgiving week is not rational
A lot of mutual funds have reported to pay pretty large cap gains here at the end of 2018. Most of those cap gains gonna come from the tech sector too. It’s definitely justified.
Posted on 11/20/18 at 9:35 am to Vols&Shaft83
All I need before I go all-in the market is to see two more threads on here like this one.
"The time to be greedy is when others are fearful."
"The time to be greedy is when others are fearful."
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