happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,901
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Post by happyhoix on Aug 6, 2019 14:35:04 GMT -5
I lost $60,000 in the past week. I lost $130k in the last week. Well, I'm sure the Op will say you lost it 'for no good reason.'
I'm sure that makes you feel lots better.
I'm doing my Pollyanna routine - I'm refusing to look. I'll wait a week or two, until they rally a bit, drink several glasses of wine, and then take a peek.
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resolution
Junior Associate
Joined: Dec 20, 2010 13:09:56 GMT -5
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Post by resolution on Aug 6, 2019 14:38:42 GMT -5
I'm just really glad that I spent the money to buy a car instead of investing it.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Aug 6, 2019 14:40:52 GMT -5
I lost $60,000 in the past week. I lost $130k in the last week. jesus, bro. my sympathies.
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ken a.k.a OMK
Senior Associate
They killed Kenny, the bastards.
Joined: Dec 21, 2010 14:39:20 GMT -5
Posts: 14,113
Location: Maryland
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Post by ken a.k.a OMK on Aug 6, 2019 14:46:34 GMT -5
I really haven't lost anything unless I needed it today. It's only on paper. Still up 15% YTD.
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thyme4change
Community Leader
Joined: Dec 26, 2010 13:54:08 GMT -5
Posts: 40,412
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Post by thyme4change on Aug 6, 2019 17:11:34 GMT -5
I really haven't lost anything unless I needed it today. It's only on paper. Still up 15% YTD. I'm not up 15%, but it is probably pretty close. I would have to back out my contributions for the year, but that wouldn't knock me below 10% or anything drastic.
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Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
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Post by Miss Tequila on Aug 6, 2019 17:14:42 GMT -5
I lost $60,000 in the past week. I lost $130k in the last week. I’m not going to lie, the market has risen so much this year that I just felt a crash was coming. I liquidated to a cash account about 6 weeks ago. I was feeling like a paranoid idiot but now I’m feeling less paranoid and quite relieved. Now I have to make sure I don’t hold out too long and miss the rebound!
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Aug 14, 2019 10:56:55 GMT -5
stocks are down another 600 this morning.
we are reaching "correction" territory, which would be 24,500.
gold is at a 3 year high.
there are a lot of triggers for this: Taiwan tension, rate inversion. but for my money, it is slowing corporate revenues that are going to undo this market. I follow about 100 companies and most of them are reporting revenue gains that are below last year.
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Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
Posts: 20,602
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Post by Miss Tequila on Aug 14, 2019 11:13:19 GMT -5
stocks are down another 600 this morning. we are reaching "correction" territory, which would be 24,500. gold is at a 3 year high. there are a lot of triggers for this: Taiwan tension, rate inversion. but for my money, it is slowing corporate revenues that are going to undo this market. I follow about 100 companies and most of them are reporting revenue gains that are below last year. I'm struggling...do I sit tight in cash or hope this is near the bottom? If I sit on my cash, market will rebound and I will miss the upside. If I invest, market will tank to 15,000...lol
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Aug 14, 2019 13:17:59 GMT -5
stocks are down another 600 this morning. we are reaching "correction" territory, which would be 24,500. gold is at a 3 year high. there are a lot of triggers for this: Taiwan tension, rate inversion. but for my money, it is slowing corporate revenues that are going to undo this market. I follow about 100 companies and most of them are reporting revenue gains that are below last year. I'm struggling...do I sit tight in cash or hope this is near the bottom? If I sit on my cash, market will rebound and I will miss the upside. If I invest, market will tank to 15,000...lol I would pull out everything other than my hedges and wait it out. the downside risk is WAY higher than the risk of losing upside.
edit: for the record, I am about 65% cash, 25% hedged, and 10% value right now.
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Miss Tequila
Distinguished Associate
Joined: Dec 19, 2010 10:13:45 GMT -5
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Post by Miss Tequila on Aug 14, 2019 13:20:46 GMT -5
I'm struggling...do I sit tight in cash or hope this is near the bottom? If I sit on my cash, market will rebound and I will miss the upside. If I invest, market will tank to 15,000...lol I would pull out everything other than my hedges and wait it out. the downside risk is WAY higher than the risk of losing upside. Yes, that's what I'm thinking...it's never good to try to catch a falling knife!
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happyhoix
Distinguished Associate
Joined: Oct 7, 2011 7:22:42 GMT -5
Posts: 20,901
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Post by happyhoix on Aug 14, 2019 13:35:29 GMT -5
stocks are down another 600 this morning. we are reaching "correction" territory, which would be 24,500. gold is at a 3 year high. there are a lot of triggers for this: Taiwan tension, rate inversion. but for my money, it is slowing corporate revenues that are going to undo this market. I follow about 100 companies and most of them are reporting revenue gains that are below last year. Whatever the hell is happening in Hong Kong can't be helping.
China is massing what they call 'police' but are part of their army along the mainland border with Hong Kong. Shit may be about to get ugly.
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djAdvocate
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Post by djAdvocate on Aug 14, 2019 13:36:19 GMT -5
Dow is -720 and still falling. approaching last week's low of 25,400......
Dow has now dropped nearly 2000 points in the last month.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Aug 14, 2019 13:37:08 GMT -5
stocks are down another 600 this morning. we are reaching "correction" territory, which would be 24,500. gold is at a 3 year high. there are a lot of triggers for this: Taiwan tension, rate inversion. but for my money, it is slowing corporate revenues that are going to undo this market. I follow about 100 companies and most of them are reporting revenue gains that are below last year. Whatever the hell is happening in Hong Kong can't be helping.
China is massing what they call 'police' but are part of their army along the mainland border with Hong Kong. Shit may be about to get ugly.
it is the straw breaking the camel's back. the market was already nervous. now it is giving way to pessimism.
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dondub
Senior Associate
The meek shall indeed inherit the earth but only after the Visigoths are done with it.
Joined: Jan 16, 2014 19:31:06 GMT -5
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Location: Seattle
Favorite Drink: Laphroig
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Post by dondub on Aug 14, 2019 14:27:14 GMT -5
Seems like a good time for the DJIA update. So:
B. Hussein the possibly Communist Kenyan Muslim anti-business water boarder of the American economy had gains to date of +41.8% Woeful result.
Whereas the greatest, bigliest, shrewdest businessman Trump the peeper had rousing market successes that are +28.9%. These are incredible gains. Some of the greatest EVER!
Thus the Obama DJIA gains are only 44.6% higher than Trump's for the same period. It's no wonder that NOT ONE Repo-Con on this board has EVER said ONE good thing about that crap Obama economy with those poor results in comparison to the Donald's. Just dismal.
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Aug 14, 2019 17:06:28 GMT -5
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Miss Tequila
Distinguished Associate
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Post by Miss Tequila on Aug 14, 2019 18:32:17 GMT -5
Dow is -720 and still falling. approaching last week's low of 25,400...... Dow has now dropped nearly 2000 points in the last month. I’m feeling very bad for everyone that is really close to retirement. I made out well after the 2008 meltdown but I was also in my 30s. It’s another ball of wax when you are in your late 50s and staring at retirement I seriously got lucky as shit by cashing out when I did. Now I want to catch it on the way up but who knows how low it will go
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djAdvocate
Member Emeritus
only posting when the mood strikes me.
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Post by djAdvocate on Aug 14, 2019 18:49:42 GMT -5
Dow is -720 and still falling. approaching last week's low of 25,400...... Dow has now dropped nearly 2000 points in the last month. I’m feeling very bad for everyone that is really close to retirement. I made out well after the 2008 meltdown but I was also in my 30s. It’s another ball of wax when you are in your late 50s and staring at retirement I seriously got lucky as shit by cashing out when I did. Now I want to catch it on the way up but who knows how low it will go I have been 50% cash for a few years now. I don't really regret it. I didn't make anything, but I didn't lose anything either. LOSING your money right now (for those of us approaching a retirement) is fairly unfixable. and "riding it out" is kinda out of the question, as well. time is against us. we need our ROI, and preservation of capital.
so, that comes first.
Millenials can take some risks. the rest of us are better off sitting in the bleachers.
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