U.S. stocks in free fall

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nedsaid
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Re: U.S. stocks in free fall

Post by nedsaid » Tue Apr 30, 2019 12:27 am

greg24 wrote:
Fri Mar 08, 2019 11:13 am
livesoft wrote:
Fri Mar 08, 2019 11:12 am
How do you explain that not much has happened today?
Animal spirits.
We need a "Gee Whiz, the Market Didn't Do Much Today" thread.
A fool and his money are good for business.

MJS
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Re: U.S. stocks in free fall

Post by MJS » Tue Apr 30, 2019 8:22 am

Bad news: A Gallup Poll found that "Americans most positive about finances since 2002." Clearly, the sky is falling. It's time to invest in cash under the mattress! Although my cat would probably eat it, and then there would be expensive vet bills.

H-Town
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Re: U.S. stocks in free fall

Post by H-Town » Wed May 01, 2019 2:53 pm

Freefalling....

MotoTrojan
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Re: U.S. stocks in free fall

Post by MotoTrojan » Wed May 01, 2019 3:00 pm

H-Town wrote:
Wed May 01, 2019 2:53 pm
Freefalling....
Even my UPRO holding still has me yawning...

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J G Bankerton
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Re: U.S. stocks in free fall

Post by J G Bankerton » Wed May 01, 2019 3:04 pm

Sell in May and go away; NO WAY. All in all of the time. My buy the dips bots were working over time. :greedy
Word up; NJ is going to get a new tunnel.

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Kenkat
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Re: U.S. stocks in free fall

Post by Kenkat » Wed May 01, 2019 3:22 pm

Stinky wrote:
Mon Apr 29, 2019 1:02 pm
Wanted to bump this thread.

No posts here for 11 days now. Wonder where all of the bears are hibernating?

(S&P currently at 2947)
Queue bear, stage left. Bear on 3, 2, 1...

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nedsaid
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Re: U.S. stocks in free fall

Post by nedsaid » Wed May 01, 2019 3:24 pm

Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
A fool and his money are good for business.

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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord » Wed May 01, 2019 3:28 pm

nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Turns out stocks were overvalued when I bought today.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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Stinky
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Re: U.S. stocks in free fall

Post by Stinky » Wed May 01, 2019 3:35 pm

Kenkat wrote:
Wed May 01, 2019 3:22 pm
Stinky wrote:
Mon Apr 29, 2019 1:02 pm
Wanted to bump this thread.

No posts here for 11 days now. Wonder where all of the bears are hibernating?

(S&P currently at 2947)
Queue bear, stage left. Bear on 3, 2, 1...
I've had direct communication from the bear.

Bear has been trying to get out of his hibernation cave for a while now. But those darn bulls are stampeding in front of his cave and have him blocked in.

Wave upon wave of bulls, as far as the eye can see .....
It's a GREAT day to be alive - Travis Tritt

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nedsaid
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Re: U.S. stocks in free fall

Post by nedsaid » Wed May 01, 2019 3:36 pm

TheTimeLord wrote:
Wed May 01, 2019 3:28 pm
nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Turns out stocks were overvalued when I bought today.
Okay, we can blame you for it. :wink:

Hopefully you bought your stocks in mutual fund form so that you got end of day prices. If you bought with ETFs, you might have purchased while stocks were still up for the day!
A fool and his money are good for business.

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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord » Wed May 01, 2019 3:40 pm

nedsaid wrote:
Wed May 01, 2019 3:36 pm
TheTimeLord wrote:
Wed May 01, 2019 3:28 pm
nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Turns out stocks were overvalued when I bought today.
Okay, we can blame you for it. :wink:

Hopefully you bought your stocks in mutual fund form so that you got end of day prices. If you bought with ETFs, you might have purchased while stocks were still up for the day!
ETF, down about 1% from where I purchased.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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nedsaid
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Re: U.S. stocks in free fall

Post by nedsaid » Wed May 01, 2019 3:44 pm

TheTimeLord wrote:
Wed May 01, 2019 3:40 pm
nedsaid wrote:
Wed May 01, 2019 3:36 pm
TheTimeLord wrote:
Wed May 01, 2019 3:28 pm
nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Turns out stocks were overvalued when I bought today.
Okay, we can blame you for it. :wink:

Hopefully you bought your stocks in mutual fund form so that you got end of day prices. If you bought with ETFs, you might have purchased while stocks were still up for the day!
ETF, down about 1% from where I purchased.
Hurts a bit emotionally over the short term but over the long term won't make a difference. On the other hand, the market could have spiked after you bought. So it works both ways.
A fool and his money are good for business.

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Crushtheturtle
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Re: U.S. stocks in free fall

Post by Crushtheturtle » Wed May 01, 2019 3:45 pm

nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
I always wonder if such downward movements are based more on short-lived fear than reason, and therefore make good buying opportunities. I suppose well-heeled institutions have determined the answer to that question long ago. :confused
"A sarcasm detector? Oh, that's a REAL useful invention." | | 25% US / 25% Ex-US / 25% LETFs / 25% The Wheel

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Re: U.S. stocks in free fall

Post by MotoTrojan » Wed May 01, 2019 3:48 pm

Crushtheturtle wrote:
Wed May 01, 2019 3:45 pm
nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
I always wonder if such downward movements are based more on short-lived fear than reason, and therefore make good buying opportunities. I suppose well-heeled institutions have determined the answer to that question long ago. :confused
If that was the case then those institutions would’ve stopped/slowed the downward movement to begin with.

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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord » Wed May 01, 2019 4:24 pm

nedsaid wrote:
Wed May 01, 2019 3:44 pm
TheTimeLord wrote:
Wed May 01, 2019 3:40 pm
nedsaid wrote:
Wed May 01, 2019 3:36 pm
TheTimeLord wrote:
Wed May 01, 2019 3:28 pm
nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Turns out stocks were overvalued when I bought today.
Okay, we can blame you for it. :wink:

Hopefully you bought your stocks in mutual fund form so that you got end of day prices. If you bought with ETFs, you might have purchased while stocks were still up for the day!
ETF, down about 1% from where I purchased.
Hurts a bit emotionally over the short term but over the long term won't make a difference. On the other hand, the market could have spiked after you bought. So it works both ways.
It had spiked above the purchase price for a while then the horror began. But I will resist starting a "Should I Tax Loss Harvest" thread.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

tmcc
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Re: U.S. stocks in free fall

Post by tmcc » Wed May 01, 2019 5:19 pm

This is the big one i can feel it

I just went 100% VIX

H-Town
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Re: U.S. stocks in free fall

Post by H-Town » Wed May 01, 2019 5:59 pm

tmcc wrote:
Wed May 01, 2019 5:19 pm
This is the big one i can feel it

I just went 100% VIX
YOLO!!

Sometimes there are things just outrageous that we just want to sit back and be a spectator. Got my beer though :beer Tell us how it goes.

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Doom&Gloom
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Re: U.S. stocks in free fall

Post by Doom&Gloom » Wed May 01, 2019 6:11 pm

H-Town wrote:
Wed May 01, 2019 5:59 pm
tmcc wrote:
Wed May 01, 2019 5:19 pm
This is the big one i can feel it

I just went 100% VIX
YOLO!!

Sometimes there are things just outrageous that we just want to sit back and be a spectator. Got my beer though :beer Tell us how it goes.
I had to Google VIX.
And I had to get my own beer. Yee-haaaaaaa :beer

Cody6136
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Re: U.S. stocks in free fall

Post by Cody6136 » Wed May 01, 2019 11:37 pm

Stinky wrote:
Wed May 01, 2019 3:35 pm
Kenkat wrote:
Wed May 01, 2019 3:22 pm
Stinky wrote:
Mon Apr 29, 2019 1:02 pm
Wanted to bump this thread.

No posts here for 11 days now. Wonder where all of the bears are hibernating?

(S&P currently at 2947)
Queue bear, stage left. Bear on 3, 2, 1...
I've had direct communication from the bear.

Bear has been trying to get out of his hibernation cave for a while now. But those darn bulls are stampeding in front of his cave and have him blocked in.

Wave upon wave of bulls, as far as the eye can see .....

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J G Bankerton
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Re: U.S. stocks in free fall

Post by J G Bankerton » Thu May 02, 2019 7:42 am

TheTimeLord wrote:
Wed May 01, 2019 3:40 pm

ETF, down about 1% from where I purchased.
I dollar cost average my monthly contribution into 10 buying units. I try to buy the dips; last month I had to buy high as the month was over. Now a new month that promises to abound with dips.

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gilgamesh
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Re: U.S. stocks in free fall

Post by gilgamesh » Thu May 02, 2019 8:10 am

J G Bankerton wrote:
Thu May 02, 2019 7:42 am
TheTimeLord wrote:
Wed May 01, 2019 3:40 pm

ETF, down about 1% from where I purchased.
I dollar cost average my monthly contribution into 10 buying units. I try to buy the dips; last month I had to buy high as the month was over. Now a new month that promises to abound with dips.
How long have you been doing this, relative to when you started investing? Curious whether this was a recent change.

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220volt
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Re: U.S. stocks in free fall

Post by 220volt » Thu May 02, 2019 12:48 pm

The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
"If I had only followed the advice of financial analysts in 2008, I'd have a million dollars today, provided I started with a hundred million dollars" - Jon Stewart

retiringwhen
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Re: U.S. stocks in free fall

Post by retiringwhen » Thu May 02, 2019 2:01 pm

220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
what happened to your dividends?

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HomerJ
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Re: U.S. stocks in free fall

Post by HomerJ » Thu May 02, 2019 2:03 pm

220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
Why 16 months? Pretty arbitrary.

And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1). Morningstar has total return charts.

So that's 6.25% return since 1/22/2018. Minus whatever it lost today.
Last edited by HomerJ on Thu May 02, 2019 2:35 pm, edited 1 time in total.
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DanMahowny
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Re: U.S. stocks in free fall

Post by DanMahowny » Thu May 02, 2019 2:05 pm

220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
I'm feeling pretty good about going all cash in Jan 2018.

My market timing indicator was when I saw a bunch of people posting their 401k statements on Facebook, bragging about how rich they were getting investing in stocks.
Funding secured

Luckywon
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Re: U.S. stocks in free fall

Post by Luckywon » Thu May 02, 2019 2:06 pm

HomerJ wrote:
Thu May 02, 2019 2:03 pm
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
Why 16 months? Pretty arbitrary.

And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1).

So that's 6.25% return since 1/22/2018. Minus whatever it lost today.
Also, in the 16 months it went a lot of places before ending up where it is now. :beer

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220volt
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Re: U.S. stocks in free fall

Post by 220volt » Thu May 02, 2019 5:19 pm

Luckywon wrote:
Thu May 02, 2019 2:06 pm

Also, in the 16 months it went a lot of places before ending up where it is now. :beer
Yeah, I was going to say that.
"If I had only followed the advice of financial analysts in 2008, I'd have a million dollars today, provided I started with a hundred million dollars" - Jon Stewart

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220volt
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Re: U.S. stocks in free fall

Post by 220volt » Thu May 02, 2019 5:20 pm

HomerJ wrote:
Thu May 02, 2019 2:03 pm
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
Why 16 months? Pretty arbitrary.

And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1). Morningstar has total return charts.

So that's 6.25% return since 1/22/2018. Minus whatever it lost today.
I didn't say my personal account went nowhere, I was referring just to the market. We are back to where we were in Jan 2018.
"If I had only followed the advice of financial analysts in 2008, I'd have a million dollars today, provided I started with a hundred million dollars" - Jon Stewart

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220volt
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Re: U.S. stocks in free fall

Post by 220volt » Thu May 02, 2019 5:22 pm

DanMahowny wrote:
Thu May 02, 2019 2:05 pm
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
I'm feeling pretty good about going all cash in Jan 2018.

My market timing indicator was when I saw a bunch of people posting their 401k statements on Facebook, bragging about how rich they were getting investing in stocks.
Ohh I made money since I was dollar cost averaging the whole time. Plus the dividends. I was just making an observation about the market as a whole.
"If I had only followed the advice of financial analysts in 2008, I'd have a million dollars today, provided I started with a hundred million dollars" - Jon Stewart

GoldenFinch
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Re: U.S. stocks in free fall

Post by GoldenFinch » Thu May 02, 2019 5:29 pm

nedsaid wrote:
Wed May 01, 2019 3:24 pm
Weird. Stocks were up earlier today because the Fed held steady on interest rates and acknowledged inflation was tame. Late in the trading day stocks went down because the Fed didn't cut interest rates. Weird just weird. Markets just do bizarre stuff sometimes.
Often there is no rhyme or reason to what the stock market does. Of course “sell in May and go away” does rhyme, but not too much reason behind that (at least as far as I know).

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HomerJ
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Re: U.S. stocks in free fall

Post by HomerJ » Thu May 02, 2019 9:04 pm

220volt wrote:
Thu May 02, 2019 5:20 pm
HomerJ wrote:
Thu May 02, 2019 2:03 pm
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
Why 16 months? Pretty arbitrary.

And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1). Morningstar has total return charts.

So that's 6.25% return since 1/22/2018. Minus whatever it lost today.
I didn't say my personal account went nowhere, I was referring just to the market. We are back to where we were in Jan 2018.
Nothing to do with your personal account. You can't ignore dividends and have a discussion about the stock market. (Of course, I ignored inflation, and you shouldn't do that either, but the market absolutely is up in the arbitrary 16 month period you picked).
The J stands for Jay

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ruralavalon
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Re: U.S. stocks in free fall

Post by ruralavalon » Fri May 03, 2019 8:55 am

220volt wrote:
Thu May 02, 2019 5:20 pm
HomerJ wrote:
Thu May 02, 2019 2:03 pm
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
Why 16 months? Pretty arbitrary.

And anyway you ignored dividends. $10,000 invested in VTSAX was worth $10,625 at close yesterday (5/1). Morningstar has total return charts.

So that's 6.25% return since 1/22/2018. Minus whatever it lost today.
I didn't say my personal account went nowhere, I was referring just to the market. We are back to where we were in Jan 2018.
The stock market indexes are back to where they were in January 2018

But "we" are nicely ahead because we received dividends from the stocks we owned through the index funds.

For some more perspective, since this thread started 08/08/2011 the total return of Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is up 182%, and $10,000 invested has turned into $28,167.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

deltaneutral83
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Re: U.S. stocks in free fall

Post by deltaneutral83 » Fri May 03, 2019 9:05 am

ruralavalon wrote:
Fri May 03, 2019 8:55 am
But "we" are nicely ahead because we received dividends from the stocks we owned through the index funds.
When the stock market has simply returned dividends for 17 months you would probably be in a percentile higher than 80 for "great time to invest" over the last 150 years yet its pure hysteria in the media. You have a 66% chance outright to invest "today" and never look back. I think right now it's even higher with 18 months of mere dividends. Of course Christmas Eve was a good day to invest when the bull market was done for good and we were looking at Dow 18,000 by new years day according to the experts. I just don't know why people fight %'s.

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J G Bankerton
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Re: U.S. stocks in free fall

Post by J G Bankerton » Fri May 03, 2019 1:52 pm

gilgamesh wrote:
Thu May 02, 2019 8:10 am
J G Bankerton wrote:
Thu May 02, 2019 7:42 am
TheTimeLord wrote:
Wed May 01, 2019 3:40 pm

ETF, down about 1% from where I purchased.
I dollar cost average my monthly contribution into 10 buying units. I try to buy the dips; last month I had to buy high as the month was over. Now a new month that promises to abound with dips.
How long have you been doing this, relative to when you started investing? Curious whether this was a recent change.
I have been doing this for about a year. I used to have bonds and REITs and did the rebalancing thing. I'm now all stock with a fixed "emergency fund". I miss rebalancing but with all the "V"s in the charts, especially the big "V" in December, I'm doing better than the old way.
220volt wrote:
Thu May 02, 2019 12:48 pm
The US stock market hasn't gone anywhere for the past 16 months.
Total stock Index (VTSAX)
1/22/2018 @71.50
5/2/2019 @72.60

Same story with Dow and SP500
That doesn't include dividends of about 1.75%

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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord » Sat May 04, 2019 9:32 am

J G Bankerton wrote:
Thu May 02, 2019 7:42 am
TheTimeLord wrote:
Wed May 01, 2019 3:40 pm

ETF, down about 1% from where I purchased.
I dollar cost average my monthly contribution into 10 buying units. I try to buy the dips; last month I had to buy high as the month was over. Now a new month that promises to abound with dips.
Ended up squeaking out a very small micro gain for the week on my purchase.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

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corn18
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Re: U.S. stocks in free fall

Post by corn18 » Sun May 05, 2019 7:15 pm

Yowzwers! Looks like Monday is going to be quite a ride. Futures down 1.7%
Don't do something, just stand there!

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Crushtheturtle
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Re: U.S. stocks in free fall

Post by Crushtheturtle » Sun May 05, 2019 7:19 pm

An exciting buying opportunity! With the dry powder I shouldn't have! :o
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H-Town
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Re: U.S. stocks in free fall

Post by H-Town » Sun May 05, 2019 7:19 pm

corn18 wrote:
Sun May 05, 2019 7:15 pm
Yowzwers! Looks like Monday is going to be quite a ride. Futures down 1.7%
Should not rule out a 5% + down day. When it rains, it pours.

Thesaints
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Re: U.S. stocks in free fall

Post by Thesaints » Sun May 05, 2019 7:19 pm

corn18 wrote:
Sun May 05, 2019 7:15 pm
Yowzwers! Looks like Monday is going to be quite a ride. Futures down 1.7%
Tariffs up 15%

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nedsaid
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Re: U.S. stocks in free fall

Post by nedsaid » Sun May 05, 2019 7:36 pm

It is still Sunday and the markets won't open until Monday morning. Amazing that even futures being down can cause this thread to pop up again.
A fool and his money are good for business.

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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord » Sun May 05, 2019 7:37 pm

H-Town wrote:
Sun May 05, 2019 7:19 pm
corn18 wrote:
Sun May 05, 2019 7:15 pm
Yowzwers! Looks like Monday is going to be quite a ride. Futures down 1.7%
Should not rule out a 5% + down day. When it rains, it pours.
That would improve the Smash Factor in my Discounted Equities calculations.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]

TropikThunder
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Re: U.S. stocks in free fall

Post by TropikThunder » Sun May 05, 2019 8:10 pm

nedsaid wrote:
Sun May 05, 2019 7:36 pm
It is still Sunday and the markets won't open until Monday morning. Amazing that even futures being down can cause this thread to pop up again.
It’s not often that there’s a single discrete event on which to pin market changes (pundits always say they can explain market movements whether they really can or not).

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dougger5
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Re: U.S. stocks in free fall

Post by dougger5 » Sun May 05, 2019 9:20 pm

I have my Market Timing Lite® play all set up: Limit order for 1 share of VTI at ~1.5% below Friday's close.

YOLO!!1!
"I've been ionized, but I'm okay now." -Buckaroo Banzai

MotoTrojan
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Re: U.S. stocks in free fall

Post by MotoTrojan » Sun May 05, 2019 9:21 pm

Crushtheturtle wrote:
Sun May 05, 2019 7:19 pm
An exciting buying opportunity! With the dry powder I shouldn't have! :o
How far back do you need to look to find a better deal than the implied open?

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fortfun
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Re: U.S. stocks in free fall

Post by fortfun » Sun May 05, 2019 9:22 pm

dougger5 wrote:
Sun May 05, 2019 9:20 pm
I have my Market Timing Lite® play all set up: Limit order for 1 share of VTI at ~1.5% below Friday's close.

YOLO!!1!
H-town says to move it to 5% :shock:

Thesaints
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Re: U.S. stocks in free fall

Post by Thesaints » Sun May 05, 2019 9:25 pm

TropikThunder wrote:
Sun May 05, 2019 8:10 pm
nedsaid wrote:
Sun May 05, 2019 7:36 pm
It is still Sunday and the markets won't open until Monday morning. Amazing that even futures being down can cause this thread to pop up again.
It’s not often that there’s a single discrete event on which to pin market changes (pundits always say they can explain market movements whether they really can or not).
They certainly have reasons to remember the Kobe earthquake at Barings...

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Crushtheturtle
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Re: U.S. stocks in free fall

Post by Crushtheturtle » Sun May 05, 2019 9:29 pm

MotoTrojan wrote:
Sun May 05, 2019 9:21 pm
Crushtheturtle wrote:
Sun May 05, 2019 7:19 pm
An exciting buying opportunity! With the dry powder I shouldn't have! :o
How far back do you need to look to find a better deal than the implied open?
As of this writing, the last close that low was way back in the Dark Ages, on April 11.
"A sarcasm detector? Oh, that's a REAL useful invention." | | 25% US / 25% Ex-US / 25% LETFs / 25% The Wheel

MotoTrojan
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Re: U.S. stocks in free fall

Post by MotoTrojan » Sun May 05, 2019 9:30 pm

Crushtheturtle wrote:
Sun May 05, 2019 9:29 pm
MotoTrojan wrote:
Sun May 05, 2019 9:21 pm
Crushtheturtle wrote:
Sun May 05, 2019 7:19 pm
An exciting buying opportunity! With the dry powder I shouldn't have! :o
How far back do you need to look to find a better deal than the implied open?
As of this writing, the last close that low was way back in the Dark Ages, on April 11.
Honestly further than I thought.

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dougger5
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Re: U.S. stocks in free fall

Post by dougger5 » Sun May 05, 2019 9:36 pm

fortfun wrote:
Sun May 05, 2019 9:22 pm
dougger5 wrote:
Sun May 05, 2019 9:20 pm
I have my Market Timing Lite® play all set up: Limit order for 1 share of VTI at ~1.5% below Friday's close.

YOLO!!1!
H-town says to move it to 5% :shock:
Would not surprise me if it touched that intraday. Meh, I'll be fine if I catch my falling butter knife.

Incidentally, every time I see a post by H-Town, it reminds me of a personal connection I have to their screen name. Can't be more specific without personal ID stuff.
"I've been ionized, but I'm okay now." -Buckaroo Banzai

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willthrill81
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Re: U.S. stocks in free fall

Post by willthrill81 » Sun May 05, 2019 10:37 pm

nedsaid wrote:
Sun May 05, 2019 7:36 pm
It is still Sunday and the markets won't open until Monday morning. Amazing that even futures being down can cause this thread to pop up again.
This forum and thread in particular seem to attract a lot of nervous nellies. Of course, we want a lot of people to have grave concerns about stocks or else they'll stop going up. :wink:
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

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