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re: Taking a bath today
Posted on 3/4/21 at 1:10 pm to jchamil
Posted on 3/4/21 at 1:10 pm to jchamil
quote:
One day, this will no longer hold true. When though?
When the day occurs, that stocks dont come back. The cash you moved into will also be worthless so GL with that thesis; hope you are converting to a foreign currency.
0
Posted on 3/4/21 at 1:13 pm to jchamil
quote:
One day, this will no longer hold true. When though?
Over 100 years of history tells us it comes back. If I was one year away from retirement, I wouldn't be so heavy into equities. But I'm not...so I'm long the market and history has me confident I'll do well.
Posted on 3/4/21 at 1:14 pm to slackster
quote:
Tough way to play corrections. Buy stocks you like at prices you like. Don’t get greedy either way.
I have no problem with that. I'm not trying to pick the bottom. It's usually better to wait until a resumption of the uptrend has been established and that hasn't happened yet.
Posted on 3/4/21 at 1:46 pm to CajunTiger92
i follow more along the lines of not trying to find the bottom, but chip in little by little as things go down
Posted on 3/4/21 at 2:02 pm to DVinBR
I sometimes do the same thing on buying and selling. I'm kinda glad to see the market go down this go round. There was too much speculative expectations. It's been a crazy 365 days in the market.
Posted on 3/4/21 at 2:55 pm to TheChosenOne
quote:
not sure where we go from here
quote:
A bar
Posted on 3/4/21 at 3:09 pm to Jag_Warrior
Well today I took a 145k dollar haircut. Yes you read that right a $145,000.00 anal penetration without the courtesy of any vasoline.
I was not expecting Powell to double down on interest rate hike so soon which will further exacerbate the inflation patterns we are just starting to see develop. This stupid COVID relief package all but assures us that the economy & stock market will be testing 1970's inflation numbers within the next 28 months. I did not expect the Fed to raise rates while the economy is effectively still in the shitter by restricting how much MBS it was willing to invest in.
All this to say I'm pulling out of the market for a few weeks until I can see how far down the market drops. I'm thinking we will see the DOW at 23k by June at this rate.
Long term holders keep holding but those who are short term to medium term its time to pull everything out for awhile to preserve what money you have invested in the market.
Still keeping RTON though right now.
I was not expecting Powell to double down on interest rate hike so soon which will further exacerbate the inflation patterns we are just starting to see develop. This stupid COVID relief package all but assures us that the economy & stock market will be testing 1970's inflation numbers within the next 28 months. I did not expect the Fed to raise rates while the economy is effectively still in the shitter by restricting how much MBS it was willing to invest in.
All this to say I'm pulling out of the market for a few weeks until I can see how far down the market drops. I'm thinking we will see the DOW at 23k by June at this rate.
Long term holders keep holding but those who are short term to medium term its time to pull everything out for awhile to preserve what money you have invested in the market.
Still keeping RTON though right now.
This post was edited on 3/4/21 at 3:11 pm
Posted on 3/4/21 at 3:11 pm to MrLSU
I was gonna wait til Monday to pull but you got me scared
Not sure what to do now
Not sure what to do now
Posted on 3/4/21 at 3:17 pm to MrLSU
quote:
Long term holders keep holding but those who are short term to medium term its time to pull everything out for awhile to preserve what money you have invested in the market
I did this as a swing trader. Probably saved myself 10k over the last few days. There has been so much talk of a big correction leading into the last 3 weeks. Some people seem to keep denying this reality as it gets worse
Posted on 3/4/21 at 3:17 pm to el Gaucho
Mr LSU is one of the last people I'd ever take advice from. 99% of his threads are fabrications or over exaggerations
Posted on 3/4/21 at 3:23 pm to rocket31
Say what you want about MrLSU but I’ve listened to his stock picks and have done really well buying the dips and selling before the next dip hit.
Posted on 3/4/21 at 3:31 pm to MrLSU
quote:
I was not expecting Powell to double down on interest rate hike so soon which will further exacerbate the inflation patterns we are just starting to see develop. This stupid COVID relief package all but assures us that the economy & stock market will be testing 1970's inflation numbers within the next 28 months. I did not expect the Fed to raise rates while the economy is effectively still in the shitter by restricting how much MBS it was willing to invest in.
You're pretty eaten up with narrative. The market isn't pricing in inflation. Go look at a TIPS term structure. It's like 2% expectations
That's probably a stretch as well considering our stimulus is unproductive spending and the entitlement outlays over the next 10 years.
Posted on 3/4/21 at 3:34 pm to MrLSU
quote:
All this to say I'm pulling out of the market for a few weeks until I can see how far down the market drops. I'm thinking we will see the DOW at 23k by June at this rate.
Still keeping RTON though right now.
So you are completely out of the market save for one weed penny stock that's lost over half it's value over the last few days? Interesting.
Posted on 3/4/21 at 3:40 pm to rocket31
Just want a stock market gf to tell me it’s gonna be green tomorrow
Posted on 3/4/21 at 3:45 pm to playmakers in space
quote:he likes the stock
So you are completely out of the market save for one weed penny stock that's lost over half it's value over the last few days? Interesting.
Posted on 3/4/21 at 4:00 pm to MrLSU
quote:
Well today I took a 145k dollar haircut. Yes you read that right a $145,000.00 anal penetration without the courtesy of any vasoline.
I was not expecting Powell to double down on interest rate hike so soon which will further exacerbate the inflation patterns we are just starting to see develop. This stupid COVID relief package all but assures us that the economy & stock market will be testing 1970's inflation numbers within the next 28 months. I did not expect the Fed to raise rates while the economy is effectively still in the shitter by restricting how much MBS it was willing to invest in.
All this to say I'm pulling out of the market for a few weeks until I can see how far down the market drops. I'm thinking we will see the DOW at 23k by June at this rate.
Long term holders keep holding but those who are short term to medium term its time to pull everything out for awhile to preserve what money you have invested in the market.
Still keeping RTON though right now.
^exhibit A of what happens when you don’t have a plan.
Posted on 3/4/21 at 4:01 pm to xxTIMMYxx
quote:
did this as a swing trader. Probably saved myself 10k over the last few days. There has been so much talk of a big correction leading into the last 3 weeks. Some people seem to keep denying this reality as it gets worse
Let us know when you get back in.
Posted on 3/4/21 at 4:04 pm to xxTIMMYxx
quote:Odds are, this is not going to work out well for you.
did this as a swing trader. Probably saved myself 10k over the last few days. There has been so much talk of a big correction leading into the last 3 weeks. Some people seem to keep denying this reality as it gets worse
Posted on 3/4/21 at 4:06 pm to slackster
Probably not long, but who knows
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