The Long Term Investor

Discussion in 'Investing' started by WXYZ, Oct 2, 2018.

  1. Smokie

    Smokie Well-Known Member

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    Well, it would appear we are taking a spanking today at the moment.

    MSFT is getting taken to the woodshed. I guess some of the "software" stocks are also getting drilled as well. META appears to have escaped the wrath somehow up 7%.
     
  2. Smokie

    Smokie Well-Known Member

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    Who knows, maybe it will settle down and moderate a bit as the day goes on. Of course, the opposite is also possible.

    As mentioned upthread, AAPL will take its turn after the close.
     
  3. WXYZ

    WXYZ Well-Known Member

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    I will not be around much today.....a waste of time. BUT....an interesting little view of human behavior and the modern short term oriented markets.

    I say this from a position of.....CLINICAL CLARITY....not emotion.....we are seeing the full impact of modern media BS and market manipulation today. The short term markets are a cesspool of corruption and manipulation. This will only get worse as "prediction products" and additional gambling are allowed to be marketed as "investing" and "trading".

    Imagine if you were a HUGE AI TRADING PLATFORM......and you had either advance information about the daily media take on things....or worse....had the ability to manipulate media content.

    We have now allowed the media reaction.....citing unknown "investor concerns" about MSFT....to tank the entire market today.....and MOST of tech. The traders LOVE it. Well actually they are creating it.

    There is nothing for me as a long term investor in what is happening today. All I can do is IGNORE it and wait for....hopefully....longer term reality to take hold.

    I do not discount the ability of the short term markets and traders to push us into a general correction....when I see this sort of IDIOCY happening.

    BUT....I continue to be fully invested for the long term as usual.

    Unfortunately we are now in a short term environment where the AAPL earnings will have a very difficult time breaking through today at the close no matter how good they are. No one will care.

    YES.....as usual we have now made earnings time irrelevant to market direction.....something we have been doing for many quarters now.

    AND....unfortunately....we are all set up to the negative for PLTR, AMZN, and GOOGL earnings to be used to fear-monger the markets next week...no matter how good they are.

    We are seeing a perfect partnership between the short term traders....especially AI.....and the click hungry media......and a high probability of another round of wasted good earnings.

    This sort of BS is what drives people out of the markets and away from investing. Even though us....little people....the retail investors....are NO DOUBT NOT selling today.....and are the GUTS of the markets.....we are just as disrespected as the earnings are.

    I see today as yet again....another NEW LOW....for short term market behavior. It is a SHAME...but there is nothing I can do about it. So I will do nothing and NOT click on any content....since that is what they all want.

    The market SELF-FLAGELLATION continues in full force. Interesting to watch and observe.
     
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  4. WXYZ

    WXYZ Well-Known Member

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    To continue:

    I am very LUCKY to be immune from this sort of action. My retirement is NOT dependent on, or connected to, the markets. It is not going to happen...but...I could lose every invested penny.....and it would have no impact on my retirement.

    Can you imagine being a Baby Boomer....that is not a government worker.... and having all your retirement linked to the current markets because of the elimination of pensions and the dominance of the 401K?

    On the other hand corrections and bear markets....are a GOLDEN OPPORTUNITY...... for younger long term investors. Of course...you have to have the nerve to hold on.

    Even on a day like today...... and possibly for a few weeks like we might see going forward.....I am RIDING THE WAVE. I might be battered and driven around by the storms....but I am ok as long as I stay on the board.

    BACK to the word game.....IGNORE, and ENDURE....are the words of the day.
     
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  5. Smokie

    Smokie Well-Known Member

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    Seeing a bit of moderation, at least in the general markets. Actually, there are several green sectors out there in the broad market. Industrials, consumer staples, financials, energy, communication services, and real estate to name a few. So, definitely not a fire sale going market wide and that is the silver lining.
     

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