djAdvocate
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Post by djAdvocate on Apr 20, 2020 10:44:35 GMT -5
stock market is looking toppy to me again. upper resistance at DJIA 24600. Asia markets are mixed, middle east markets are mostly higher. Europe has opened higher on reduced inflation fears, including lower oil prices. Oil is down 20%, indicating slower economic growth. dollar is trading higher, bitcoin and gold are down. US stock futures are slightly lower over coronavirus fears. US cases likely to pass 800k by mid-week. The stock market is completely irrational. Yet again, I jumped in when it was in the 18Ks and jumped out when it got to 21k (I think two days??). I made a quick $20k in my 401k, which more than offset what I lost in my "play money" account. I can't even be mad that I lost out on gains because I have no idea why the market is behaving the way it is. I'm sitting tight in cash and waiting until the world rights itself. that is because it is driven by Hope Fear and Greed, which are completely irrational.
irrational and unpredictable are not the same thing, however.
there are familiar patterns to irrational behavior. shrewd investors are very adept at taking advantage of them.
ps- congrats at buying in the 18k's. I went from 50% cash to 30% cash at 21k.
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Miss Tequila
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Post by Miss Tequila on Apr 20, 2020 11:36:27 GMT -5
The stock market is completely irrational. Yet again, I jumped in when it was in the 18Ks and jumped out when it got to 21k (I think two days??). I made a quick $20k in my 401k, which more than offset what I lost in my "play money" account. I can't even be mad that I lost out on gains because I have no idea why the market is behaving the way it is. I'm sitting tight in cash and waiting until the world rights itself. that is because it is driven by Hope Fear and Greed, which are completely irrational.
irrational and unpredictable are not the same thing, however.
there are familiar patterns to irrational behavior. shrewd investors are very adept at taking advantage of them.
ps- congrats at buying in the 18k's. I went from 50% cash to 30% cash at 21k.
I'm not a shrewd investor and I'm too close to when I want to retire to take a huge hit like I did in 2008. Definitely different when you are 36 versus 48, especially when your goal was to semi-retire at 50. I should have taken only half out at 21k but I got completely out again, except for my current employer 401k plan. But I've only been maxing that out since January 2019 so there isn't that much in it. That one I'm holding steady in. I feel bad for anyone too close to retirement to make up the losses. It was shear damn luck that I had cashed out around 24.5K (August 2019). Then it shot up over 29k and I was feeling stupid. Crazy!
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djAdvocate
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only posting when the mood strikes me.
Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Apr 20, 2020 15:26:13 GMT -5
-600
I bought some crude oil ETF and uranium juniors. cash position is about 30% now. little below.
I am not sure whether this is an "inflection point" or the second leg of the bear. we will know in the next day or two. if it is an "inflection", the market will stabilize and move higher. if it is a second leg, we are probably going to find out TOMORROW, as there was a lot of downward momentum on the close.
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djAdvocate
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Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Apr 21, 2020 2:42:24 GMT -5
international markets and dow futures are trading lower. expect a rough opening tomorrow.
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djAdvocate
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Joined: Jun 21, 2011 12:33:54 GMT -5
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Post by djAdvocate on Apr 21, 2020 16:51:34 GMT -5
down another 600.
no sector was spared this time. very broad selloff.
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jelloshots4all
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Post by jelloshots4all on Apr 21, 2020 16:56:33 GMT -5
Mnuchin just congratulated Jared. F that noise!!!
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