Oh Emmett !! Another reason for our dismal attendance numbers Seattle Weather Tanked a couple weeks ago As I type this I can hear the rain pelting my roof, and I was outside this morning 55 degrees Grey Raining Windy Miserable My losers are winning , going down
LOL......today. I dont see a correction coming. ALL of the current market turmoil is due to ONE reason......government and political drama and turmoil. Till all the debt limit.....government funding.....and tax and spend STUFF is over the markets are TRASH. We should be done with the government funding STUFF some time over the next 1-3 weeks. That will ELIMINATE the greatest distraction to the markets. The tax and spend bills......probably totally discounted at this point by the markets. The big danger with the T&S bills is the fact that they dont even exist yet....they are just a bunch of vague trial balloons. I doubt they can even pass at all.....but if they do in some form the market impact will depend on the amount of spending.......and......the form that the tax increases and changes take. As to the debt limit.......the least of the issues.......and will probably not be addressed till December or later. We should have a good idea where all this stuff is going to end up well before EARNINGS become the next market focus. As I said....till the above is out of the way or clarified and we get the politicians and government out of the media every day......it is a waste of time to even think much about the markets. I dont think any of this short term DRAMA is enough to trigger even a correction.....but it will make the markets JUMP up and down day to day till it is over. In other words we are in a.......GOVERNMENT HELL LOOP.
Today in my primary account......ALL red except for one holding......NVIDIA. BUT......I did get a nice beat on the SP500 by 0.48%. I am satisfied with that for today. considering the impact of the NON MARKET DRAMA that is impacting all investors right now....that is as good as it gets....at least for me. As I said......I have mentally checked out on the markets for the short term.....the next 1-3 weeks.....till we get the DC MORONS out of the way of the markets.
Looks like the end of the government shut down CRAP is about in sight. U.S. House approves bill to avert government shutdown https://finance.yahoo.com/news/u-house-approves-bill-avert-193632095.html (BOLD is my opinion OR what I consider important content) "WASHINGTON, Sept 30 (Reuters) - A majority of the U.S. House of Representatives voted on Thursday to approve a Senate-passed measure that avoids a partial government shutdown by funding federal agencies into the new fiscal year that begins on Friday. The bill now goes to President Joe Biden, who is expected to sign the measure into law before a midnight deadline, when current government funding is set to expire." My COMMENT That should take the largest issue that is SPOOKING the markets off the table.......and SHUT UP the people like YELLEN and even the FED that are fear mongering about USA defaulting. A BIG positive for the markets to return to NORMAL.....whatever that is.
As I said above.....we are in a very short term time period where FUNDAMENTALS....TECHNICALS.....whatever....do not matter. Everything for the next 1-3 weeks that impacts the markets is OUTSIDE of the markets and beyond the control of any investor. So what do you do? Well what I am going to do is.....as usual.....NOTHING. I will simply watch the markets......but not spend a lot of time second guessing what is going on with them....since.....it is all external factors that are extremely short term events.
I put.....ALL......the TOTALITY....of the recent market behavior on one thing....GOVERNMENT. Of course those in the financial media have lots of other excuses for today and the recent market action. Stock market news live updates: Stocks sink in whipsaw session, S&P 500 posts first monthly decline since January https://finance.yahoo.com/news/stock-market-news-live-updates-september-30-2021-223533367.html (BOLD is my opinion OR what I consider important content) "Stocks sank on Thursday in the final session of September and the third quarter, with stocks extending a weeks-long streak of volatility as concerns over inflation, the economic backdrop and debates in Washington over a host of measures weighed on equities. The S&P 500 ended the day lower by 1.2%. The index fell by more than 4.5% in September for its first monthly decline since January, with concerns around fiscal and monetary policy, inflation, regulations in China and the ongoing pandemic all colliding to knock equities from their upward trajectory. Still, the S&P 500 remained up by about 15% for the year-to-date through Thursday's close. Cyclical stocks, though down during Thursday's session, led the way higher in September as investors bet on higher inflation and rising rates. A jump in crude oil prices helped make the energy sector by far the best performer in the S&P 500. Financial stocks also outperformed, with rising Treasury yields serving as a tailwind to bank profitability. The Nasdaq has underperformed over the past month as traders rotated away from the growth and technology stocks that pulled the market higher last year. High-flying technology stocks also got hit as Treasury yields jumped over the past week, with the rising borrowing costs weighing on the valuations of growth companies that rely heavily on expectations of strong future earnings. “This feels a lot worse than it actually is because we haven’t had much volatility since last October, last September,” Paul Schatz, Heritage Capital President, told Yahoo Finance Live on Wednesday." MY COMMENT Day by day....as investors we just move through this time period. No big deal.
Sooo just volatility as usual… we had what? 3 similar major dips this year? Not correction dips, but dips nonetheless… So as such, let’s wait for this to go a bit lower and then get in on positions which are at 15-20% levels off OTH… Nike, fb and goog are almost there already… how can we go wrong?
What the %^^&^% happened in the last hour before the close ? I'm down a little, losers 60% winners 40% , then bam , Down 1.06% ONLY 1 winner today ARKK UP .74% Man, buy them books, send them to school, what do they do ? Eat the teacher Well this week went pretty much the way I expected , Hay what's that round shiny thing under my desk ? My crystal ball !! I found it !! Hmmmm Tomorrow , Looks strong till noon, then some profit taking, but a positive day
I just recorded my numbers for the month. After the last two days, all of the gains from earlier this month are gone and we are down a bit. This is the first month that is not a new ATH since April, 2020. I would look for a job waiting tables but we don't have many of those jobs, at the moment.
Well they said Septembers suck, and they sure did deliver this year too! SP500 down by almost 5 points this month
The fall has always been volatile. It's a great time to load up on companies before the upward march to New Year when the market often takes an even bigger hit.
I would prefer to end the year with some good gains once we get done with the.....government hell loop....that we are currently in. BUT.....as an alternative.....I should have about $20,000 to invest some time in December or January from my 2022 budget.......so as a CONSOLATION I might get some good buys if we are still FLAILING AROUND by than. I WILL invest that money during that time span....regardless.....in my usual fashion...all in all at once with no market timing.
PLUS........October 2, 2021......will be the THREE YEAR ANNIVERSARY.......of this thread. How time fly's. In the early days it was mostly me and TomB16 talking to each other and ourselves......as about the only acknowledged long term investors on this board. I am sure there were probably many more that did not talk about it. NOW.....here we are.......422,000......views later. LOL...probably 420,000 of those views were "ME". Oh well....what can I say. It is UNBELIEVABLE what we have gone through as investors over that three years. BUT....somehow we managed to keep the historic BULL MARKET alive through it all.......and.....most of us actually made a TON of money over that three years in spite of all the DIRE events and predictions.
Somewhat regarding the above.....I started posting about investing and my PORTFOLIO MODEL back in about 1995 on the old MSN MONEY boards. I posted on a board called "SUPER MODELS". It was a really active board.....and....I was posting the SAME STUFF that I post here....with my model portfolio of half stocks and funds. Back than most of my stocks were the BIG CAP, old school, American, GIANTS of the investing world. Is there anyone here or reading from back in those days? I posted under the name "REAL INVESTOR". There was a young Chinese trader in New York that was a regular poster on that board daily. He posted under the name "HITMAN". EVERYTHING in his life, especially his investing was driven by his FANATICAL QUEST to win his "PRINCESS".....it was a heartbreaking tale of unrequited love. She was the total focus of his life in every way......but......he was LOCKED in the FRIEND ZONE. It was obviously hopeless but he could never see it. Very sad....but he was a fanatical poster. It really did seem like she was taking advantage of his emotions and using him....but...who knows......perhaps he did finally get her after he quit posting. I hope he did finally find someone that loved him and a family. He had one EPIC thread....."Buying A Car In New York City".....that took on a life of its own and went on for hundreds of pages. It was a classic run-away thread that evolved into many many different topics over a long time. That board finally went away when MSN decided to get rid of all their money boards. All the refugees from those boards went over to a new posting site called "Your Money And More" which was created by one of the MSN posters. I posted on those boards under the name "WXYZ" for many years.......same stuff that I post here...... till the boards evolved into progressive female talk and little to no investing content. At that point I moved over here. I have now been posting the same message about long term investing and using my same MODEL PORTFOLIO as an example for over 25 years.
In 1995 all I did was frequent aol hookup chat rooms… I was broke af and had no care or worry in the world… the good old days!
Last evening, my wife looked over my shoulder as I did our month-end investing statistics. It's the first month we haven't made money since April 2020. She wasn't thrilled with the result. "Do you think it will ever come back?" Meanwhile, we have doubled our net worth in the last three years. When someone has despair over a single down month, that's how you know times have been good. What's more, we are barely down a tick. It's been a Cinderella story for investors. I can only imagine how the millennials will respond when we have 60 consecutive months of market losses. When you mention the possibility, their eyes gloss over as though there is more of a chance of being hit by lightning than the market having a down turn.
So WXYZ has been posting on forums since 1995. What is the over/under on how many ellipses used on his aggregate posts? As a member of the younger generation, I'm going to rely on you wiser/more experienced folks to confirm but the correct response to this past month is to panic sell everything? Right!?
Markets are still weak… particularly tech of course… I made the mistake of holding on to opportunistic tech positions earlier this year; positions like crsp, twlo, enph… and now I learned: as soon as I detect a dip I sell those right away… and I did this time around- as soon as my RGEN dipped 5% I sold RIGHT AWAY- not because it dropped, but because the whole market dropped, and that was a VERY risky position to be in. I also bought some DLO and as soon as the market dropped I sold it quickly… we had a nice climb for the past 2 months and now the market is gonna sleep for a few weeks… Cool, I’m totally with it, I have 95% of my investment moneys invested in companies that I believe in, 5% is now cash on the sidelines waiting for the market to settle
As best I can tell: People < 50: use stop-loss orders to sell at a loss when the market goes down People > 50: use limit buy orders to buy at a good price when the market goes down
