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So, who is buying?

Posted on 8/5/19 at 3:18 pm
Posted by lynxcat
Member since Jan 2008
24121 posts
Posted on 8/5/19 at 3:18 pm
Blood clearly in the streets...who is moving cash into new equity positions?
Posted by Wade Phillips
Member since Dec 2008
572 posts
Posted on 8/5/19 at 3:22 pm to
Not yet, but soon is my thought. More CSCO, more TSS.
Posted by MrJimBeam
Member since Apr 2009
12250 posts
Posted on 8/5/19 at 3:23 pm to
I'm waiting another day or two and closely watching.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 8/5/19 at 3:26 pm to
I added to my Visa position today.

Thats all I got
This post was edited on 8/5/19 at 3:27 pm
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 8/5/19 at 3:32 pm to
I make 401 contributions this friday
Posted by HailToTheChiz
Back in Auburn
Member since Aug 2010
48887 posts
Posted on 8/5/19 at 3:35 pm to
i'll be continuing my usual efforts for the next 30 years
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 8/5/19 at 3:39 pm to
100% cash and staying there until we hit sp500 200dma...then see if volume is there. Watching crwd...dis...pins...msft to name a few
Posted by jerryc436
Franklin
Member since Jan 2014
516 posts
Posted on 8/5/19 at 3:42 pm to
I added to my URI and MSFT today
Posted by LSURussian
Member since Feb 2005
126934 posts
Posted on 8/5/19 at 3:44 pm to
I bought 2,000 shares of JPM and 2,100 shares of BAC today. They were on sale....
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 8/5/19 at 3:48 pm to
quote:

I bought 2,000 shares of JPM and 2,100 shares of BAC today.


Banks and falling interest rates...interesting
Posted by LSURussian
Member since Feb 2005
126934 posts
Posted on 8/5/19 at 4:10 pm to
quote:

Banks and falling interest rates...interesting
Is there a guarantee rates will continue to fall from where they dropped to today?

I sure don't know what rates are going to do. But today's drop was huge. The 10 year T-bond hit 1.71% today before recovering a little. At some point they will stabilize and then rise.

Besides, if JPM was a good buy last week at $116.00 it was a steal today at $108.50 which is where I bought it. If it pops even a little tomorrow I'll likely sell it. I already have a $2,000 gain in JPM based on today's closing price.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
118873 posts
Posted on 8/5/19 at 4:12 pm to
I have no money available to buy, but I'm basically now just doing my ROTH and 403b to funds anymore anyway.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 8/5/19 at 4:15 pm to
quote:

s there a guarantee rates will continue to fall from where they dropped to today?


No but I think there projecting a 60+% chance for 50bp more cut...not sure if the china currency issues will effect when or if it happens.

JPM and GS is the best out there imo.

Bank of America is the latest lender to warn how falling interest rates will cause a main engine of bank profits to sputter to a halt this year.
Posted by marchballer
The Greatest Country on Earth
Member since Aug 2008
4118 posts
Posted on 8/5/19 at 4:24 pm to
Agree here. I'm not seeing a great argument for equities at the moment. The trade war seems to be heading towards a standstill with the chinese holding out for the 2020 election before making a deal. I think we're heading for a drop to 2300 on the S&P and potentially even 2100. I think we have a bloody fall on the way.

Secondary view: If the bulls can regain control here, I think we can move back to 3050 area before we see a major leg down. If we can take out 3050 then I think we will see a move towards the 3400 range.

Short-Term (< 1 month): Bullish
Long-Term: Bearish
Posted by LSURussian
Member since Feb 2005
126934 posts
Posted on 8/5/19 at 4:33 pm to
quote:

not sure if the china currency issues will effect when or if it happens.

*affect

quote:

JPM and GS is the best out there imo.
And I bought JPM. I will never buy GS because I don't think their management can be trusted. I've had too many personal business dealings with them.

quote:

Bank of America is the latest lender to warn how falling interest rates will cause a main engine of bank profits to sputter to a halt this year.
Yep, and their stock technically entered into correction territory today for a short time.

When that happened, I bought. I sold it about 20 minutes before the market closed and made a little over 1%.
Posted by bayoubengals88
LA
Member since Sep 2007
18873 posts
Posted on 8/5/19 at 4:58 pm to
Any thoughts on this method?

Put 10% of savings into S&P for every 10% the market falls from all time highs?

I would love to back test this over a ten year span
Posted by cuyahoga tiger
NE Ohio via Tangipahoa
Member since Nov 2011
5825 posts
Posted on 8/5/19 at 5:20 pm to
Adding to my Southwest Airlines holdings if it drops again tomorrow. No China exposure, leader in category, consistent earnings. And is off it highs bigly. Max8 issues being well managed. Boeing will make $$ concessions to airlines.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 8/5/19 at 5:23 pm to
quote:

100% cash and staying there until we hit sp500 200dma


sp500 down another 1.5-2% in afterhours.....200dma hit....now see if we get bounce....I have no clue if we get one or not.
This post was edited on 8/5/19 at 5:26 pm
Posted by CharleyLake
Member since Oct 2006
1323 posts
Posted on 8/5/19 at 6:15 pm to
Transferred 1/3 of Stable Value Fund (cash) to the S & P Index fund within my 401 K Plan today.
Posted by marchballer
The Greatest Country on Earth
Member since Aug 2008
4118 posts
Posted on 8/5/19 at 6:23 pm to
I feel like you would have missed out on the 2017 rally with this strategy. Great for volatility.
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