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Post by james14 on Jul 28, 2024 16:22:00 GMT -5
I'm down about $2,500 in the 2 stocks I have NDVA and OXY. Not selling, but damn can I kill a rising trend. Think will stick with indexes and ETFs from here on out. Actually think should buy more with them being down but don't want to mess with the portioning of the account. Most would be wise to stick with indexes and ETFs.
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Post by richm on Jul 28, 2024 19:40:08 GMT -5
I'm down about $2,500 in the 2 stocks I have NDVA and OXY. Not selling, but damn can I kill a rising trend. Think will stick with indexes and ETFs from here on out. Actually think should buy more with them being down but don't want to mess with the portioning of the account. Most would be wise to stick with indexes and ETFs. Pretty much.
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Post by walkerdog on Jul 28, 2024 20:31:16 GMT -5
I don't think anyone has a clue. The "Trump trade" is speculation on potential Trump policies, but as far as I can see, he doesn't have any (or hasn't announced them, if he indeed has any). The only trade I agreed with is the move to higher long term bond yields, since a Trump presidency will mean higher inflation and larger U.S. federal deficits and debt, as stated in the Yahoo article above. As I've said many times, it doesn't really matter to the stock market who the president is, so traders putting on positions based on who they think is gonna win is just nuts. That being said, the market is up today, so go figure. This makes absolutely no sense! How could they even begin to foretell what the next President's policies might be like?
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Post by johngalt on Aug 2, 2024 11:37:45 GMT -5
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Post by ferris1248 on Aug 2, 2024 13:24:52 GMT -5
Bubble bursting or needed correction?
Will next week bring out the bears or will the Bulls return?
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Post by madm002 on Aug 2, 2024 14:54:51 GMT -5
so this had to be expected. The market is trading on rumors, fears and speculation. 10% down would not be unexpected and we could start building up from there. I have some cash on the side waiting to see when I should start picking away. Darn governement agency called away my 5.75 yielding bonds.
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Post by garycoleco on Aug 2, 2024 21:02:16 GMT -5
Buy the dips
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Post by johngalt on Aug 4, 2024 15:45:04 GMT -5
I don't think anyone has a clue. The "Trump trade" is speculation on potential Trump policies, but as far as I can see, he doesn't have any (or hasn't announced them, if he indeed has any). The only trade I agreed with is the move to higher long term bond yields, since a Trump presidency will mean higher inflation and larger U.S. federal deficits and debt, as stated in the Yahoo article above. As I've said many times, it doesn't really matter to the stock market who the president is, so traders putting on positions based on who they think is gonna win is just nuts. That being said, the market is up today, so go figure. This makes absolutely no sense! How could they even begin to foretell what the next President's policies might be like? A business friendly administration. Not a government/administration that thinks it can run everything from Washington.
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Post by conchydong on Aug 5, 2024 6:43:41 GMT -5
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Post by ferris1248 on Aug 5, 2024 7:52:55 GMT -5
"Wall Street's stock sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy." "Dow Jones Industrial Average futures (YM=F) lost 800 points before the bell. Nasdaq 100 futures (NQ=F) were crushed by nearly 5% after the tech-heavy index entered into a correction with Friday's sharp losses. S&P 500 futures (ES=F) cascaded almost 3%." "Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — soared, reaching its highest level since the early days of the COVID-19 pandemic. Treasury yields plummeted, with the benchmark 10-year Treasury yield (^TNX) sinking below 3.8%." Myles Udland "Stocks were under heavy pressure early Monday and the story is both complicated and simple — investors fear the Fed waited too long to begin cutting rates." "But the violent moves we're seeing in markets to what wasn't a great, but also not terrible, jobs report force us to turn our attention to the dynamics of the market itself rather than additional news about the economy, earnings, and so on." "Which recalls to us one of our favorite market adages: markets correct through price or time." "Meaning that when the price of any asset — a stock, bond, etc. — becomes divorced from its fundamental drivers, the price of that asset will find equilibrium by either falling in price or going nowhere while fundamentals catch up." "With fears rippling through markets that the Fed is no longer cutting rates for the right reason (inflation is at its 2% target), but for the wrong reason (the economy is tipping into a downturn), investors are choosing the former option." "The current earnings season is on track to show profits in the second quarter rose at the fastest annual pace in nearly three years. Recent market action suggests investors think expectations for future profits are simply too high." And rather than wait to see if stocks trading at current prices can "grow into" these valuations, investors are selling first and asking questions later." Brian Sozzi "What to watch today" "Good point by 22V Research's Dennis DeBusschere in a new note on whether to buy the dip at the open:" "If investors are going to buy the oversold condition, credit spreads and inflation expectations need to send a signal that the current economic expansion will continue." "Suffice it to say, keep an eye on those two things throughout the session." Wall Street's stock sell-off was set to intensify in a major way Monday as concerns mounted over the health of the US economy. Dow Jones Industrial Average futures (YM=F) lost 800 points before the bell. Nasdaq 100 futures (NQ=F) were crushed by nearly 5% after the tech-heavy index entered into a correction with Friday's sharp losses. S&P 500 futures (ES=F) cascaded almost 3%. Wall Street's "fear gauge" — the CBOE Volatility Index (^VIX) — soared, reaching its highest level since the early days of the COVID-19 pandemic. Treasury yields plummeted, with the benchmark 10-year Treasury yield (^TNX) sinking below 3.8%. finance.yahoo.com/news/stock-market-news-today-nasdaq-futures-sink-4-dow-futures-cascade-down-as-global-sell-off-intensifies-113202522.html
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Post by madm002 on Aug 5, 2024 8:43:43 GMT -5
Yup its gonna be an ugly day.... again. Think I will focus on cleaning up the smoker and grill. Good day to do nothing in the market, I am not good at catching falling knives.
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Post by illinoisfisherman on Aug 5, 2024 8:44:06 GMT -5
Warren Buffet deserves the nickname “Oracle of Omaha”. He is absolutely brilliant. I only wish I would have known how to invest in stocks at a young age
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Post by johngalt on Aug 5, 2024 9:07:37 GMT -5
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Post by olmucky on Aug 5, 2024 9:33:21 GMT -5
I don't think anyone has a clue. The "Trump trade" is speculation on potential Trump policies, but as far as I can see, he doesn't have any (or hasn't announced them, if he indeed has any). The only trade I agreed with is the move to higher long term bond yields, since a Trump presidency will mean higher inflation and larger U.S. federal deficits and debt, as stated in the Yahoo article above. As I've said many times, it doesn't really matter to the stock market who the president is, so traders putting on positions based on who they think is gonna win is just nuts. That being said, the market is up today, so go figure. This makes absolutely no sense! How could they even begin to foretell what the next President's policies might be like? Yahoo et al articles are just hit pieces. .
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Post by stc1993 on Aug 5, 2024 12:40:13 GMT -5
I read the Japanese got hit hard today. Down 800 something. The worst since 1983. They are selling their US Treasury notes trying to prop up the yen. $52b in the last 3 weeks.
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