U.S. stocks continue to soar!

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
strummer6969
Posts: 978
Joined: Tue Dec 15, 2020 10:59 am

Re: U.S. stocks continue to soar!

Post by strummer6969 »

newyorker wrote: Fri May 27, 2022 2:42 pm We still have 20min to market closing. Cant relax yet.
I think we're safe. We can relax until next week. Let's hope no bad news over the 3 day weekend!
User avatar
Third Son
Posts: 388
Joined: Tue Dec 03, 2019 6:05 pm
Location: North of Nowhere

Re: U.S. stocks continue to soar!

Post by Third Son »

Crushing it.... 8-)
"A part of all you earn is yours to keep" | | -The Richest Man in Babylon
exodusNH
Posts: 10249
Joined: Wed Jan 06, 2021 7:21 pm

Re: U.S. stocks continue to soar!

Post by exodusNH »

Third Son wrote: Fri May 27, 2022 3:04 pm Crushing it.... 8-)
I think I'm going to get my second comma back in net worth! (Still tentative, though, until I'm at 1.25M! And technically 25% higher than that to account for the future taxes on the 401k.)
Grogs
Posts: 1173
Joined: Tue Mar 24, 2015 4:55 pm

Re: U.S. stocks continue to soar!

Post by Grogs »

exodusNH wrote: Fri May 27, 2022 2:39 pm
Grogs wrote: Fri May 27, 2022 2:28 pm
H-Town wrote: Fri May 27, 2022 12:11 pm
drk wrote: Fri May 27, 2022 12:00 pm
Triple digit golfer wrote: Fri May 27, 2022 11:46 am It's funny. S&P at 4,100 today and people are optimistic. S&P at 4,100 a month and people were panicking.
I'm annoyed because I was a week away from being able to TLH back into VTI. Does that help?
I'm 1 day away from being able to do a round-trip back to VTI.... but I'm not complaining.
Yeah, really a bummer. I mean, I'm happy to see markets go up, but I wish they could have waited. Today is the first day I can complete my VTSAX to VLCAX to VTSAX round trip. Last Friday, I had over $3500 in additional losses. Today it's down to under $500 and may even end the day with a gain. Do I even put in an order and risk a gain, or hold and risk being stuck in VLCAX forever?

This is also pay day, so I'll be buying one way or the other, I just wish it wasn't on a big up day at the end of a really big up week.
Since VLCAX has the VV ETF equivalent, you could monitor that and make the call at 3:58. While the price per share is different, the relative movement should basically be the same.
Yep, that's what I did, although at around 3:50. I don't trust VG servers not to crash in the last 5 minutes. It looks like I'll realize a small loss, but only about $350, or about 10% of what I had last Friday. I can always make another go if we drop again next week I guess.
bagastuff
Posts: 137
Joined: Mon Apr 11, 2022 7:38 pm

Re: U.S. stocks continue to soar!

Post by bagastuff »

We're pretty much exactly where we were at the end of the week of the last fomc mtg, where we had a big jump Wednesday and a huge slide into the end of the week, yet somehow it feels much better now. It's too bad payday was this week instead of the last, then again if paydays were shifted back by a week the difference would only be 2% over the last month.
drk
Posts: 3927
Joined: Mon Jul 24, 2017 10:33 pm

Re: U.S. stocks continue to soar!

Post by drk »

Grogs wrote: Fri May 27, 2022 2:28 pm risk being stuck in VLCAX forever
I really don't think this is an issue. They've been basically the same fund.
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
aragorn1
Posts: 82
Joined: Sun Jan 16, 2022 12:46 pm

Re: U.S. stocks continue to soar!

Post by aragorn1 »

Dr. Michael Burry:
US Personal Savings fell to 2013 levels, the savings rate to 2008 levels- while revolving credit card debt grew at a record-setting pace back to the pre-COVID peak despite all those $trillions of cash dropped in their laps. Looming: a consumer recession and more earnings trouble.
https://twitter.com/michaeljburry/statu ... SNz7wqAAAA

Will the positive momentum not last ? :confused
sailaway
Posts: 8188
Joined: Fri May 12, 2017 1:11 pm

Re: U.S. stocks continue to soar!

Post by sailaway »

aragorn1 wrote: Sat May 28, 2022 9:44 am Dr. Michael Burry:
US Personal Savings fell to 2013 levels, the savings rate to 2008 levels- while revolving credit card debt grew at a record-setting pace back to the pre-COVID peak despite all those $trillions of cash dropped in their laps. Looming: a consumer recession and more earnings trouble.
https://twitter.com/michaeljburry/statu ... SNz7wqAAAA

Will the positive momentum not last ? :confused
OMG, we are carrying <1% of our net worth on a 0% cc offer and we crashed the whole economy?!?
Grogs
Posts: 1173
Joined: Tue Mar 24, 2015 4:55 pm

Re: U.S. stocks continue to soar!

Post by Grogs »

drk wrote: Fri May 27, 2022 4:04 pm
Grogs wrote: Fri May 27, 2022 2:28 pm risk being stuck in VLCAX forever
I really don't think this is an issue. They've been basically the same fund.
Fair enough, and that's why it's my TLH partner for VTSAX. I'll admit that it's mostly an OCD desire to keep a streamlined taxable account with only 1 fund.

Interestingly, I did get ~0.5 shares less VTSAX on the round trip, so it looks like I had about $50 in real losses or around 0.1%. I guess small-mid caps did slightly better during the 31 days I was in VLCAX.
User avatar
nedsaid
Posts: 19249
Joined: Fri Nov 23, 2012 11:33 am

Re: U.S. stocks continue to soar!

Post by nedsaid »

It does feel good to see the markets rally here and to see hints that perhaps inflation has peaked. Still, I don't want to get too excited as I have repeatedly see markets rally only to see them fall again. But at least we are out of bear market territory. I will take it.
A fool and his money are good for business.
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: U.S. stocks continue to soar!

Post by Keenobserver »

So I am up 6.4% from 1 year mark. HLAL Whats all the noise?
sailaway
Posts: 8188
Joined: Fri May 12, 2017 1:11 pm

Re: U.S. stocks continue to soar!

Post by sailaway »

AA was 1% in favor of stocks; rebalancing not triggered. See you again in six months.
bagastuff
Posts: 137
Joined: Mon Apr 11, 2022 7:38 pm

Re: U.S. stocks continue to soar!

Post by bagastuff »

Keenobserver wrote: Sat May 28, 2022 11:25 am So I am up 6.4% from 1 year mark. HLAL Whats all the noise?
Your savings rate must be large in comparison to the size of your portfolio.
User avatar
HomerJ
Posts: 21246
Joined: Fri Jun 06, 2008 12:50 pm

Re: U.S. stocks continue to soar!

Post by HomerJ »

bagastuff wrote: Sat May 28, 2022 12:45 pm
Keenobserver wrote: Sat May 28, 2022 11:25 am So I am up 6.4% from 1 year mark. HLAL Whats all the noise?
Your savings rate must be large in comparison to the size of your portfolio.
He said 1 year returns, not year-to-date. That's probably why.
"The best tools available to us are shovels, not scalpels. Don't get carried away." - vanBogle59
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: U.S. stocks continue to soar!

Post by Keenobserver »

Yes sir 1 year returns specificaly. Down for YTD but who cares about such short term stats? I have not added since a few months because was saving cash for investment property. My point was, despite all the hoo ha and "the sky is falling" sentiment, I am actually up 6+ % for 1 year returns. Another 10% drop from here would put me at minus 4% for 1 year. Nothing to lose sleep over. 1 year is also short term so thats not saying much I suppose.
bagastuff
Posts: 137
Joined: Mon Apr 11, 2022 7:38 pm

Re: U.S. stocks continue to soar!

Post by bagastuff »

Isn't that still beating the market (VTI/bnd) by a healthy margin?
freyj6
Posts: 554
Joined: Thu Jun 19, 2014 2:09 am

Re: U.S. stocks continue to soar!

Post by freyj6 »

Keenobserver wrote: Sat May 28, 2022 1:53 pm Yes sir 1 year returns specificaly. Down for YTD but who cares about such short term stats? I have not added since a few months because was saving cash for investment property. My point was, despite all the hoo ha and "the sky is falling" sentiment, I am actually up 6+ % for 1 year returns. Another 10% drop from here would put me at minus 4% for 1 year. Nothing to lose sleep over. 1 year is also short term so thats not saying much I suppose.
While I agree there’s been an overreaction, many people are heavily in assets that have lost *a lot* of value.

A lot of my friends are heavily into tech/growth stocks. A lot of that stuff is down 30-80%.

My ex started at Zillow when the stock was at 200. Now it’s at 40 or so.

[Cryptocurrency comment removed by admin LadyGeek]
ClassII
Posts: 641
Joined: Fri May 21, 2021 12:05 pm

Re: U.S. stocks continue to soar!

Post by ClassII »

freyj6 wrote: Sat May 28, 2022 7:11 pm
Keenobserver wrote: Sat May 28, 2022 1:53 pm Yes sir 1 year returns specificaly. Down for YTD but who cares about such short term stats? I have not added since a few months because was saving cash for investment property. My point was, despite all the hoo ha and "the sky is falling" sentiment, I am actually up 6+ % for 1 year returns. Another 10% drop from here would put me at minus 4% for 1 year. Nothing to lose sleep over. 1 year is also short term so thats not saying much I suppose.
While I agree there’s been an overreaction, many people are heavily in assets that have lost *a lot* of value.

A lot of my friends are heavily into tech/growth stocks. A lot of that stuff is down 30-80%.

My ex started at Zillow when the stock was at 200. Now it’s at 40 or so.

Some other friends are in crypto. Bitcoin down 2/3 right now. Alt coins down way more.
I put a lot more faith in VOO or VGT bouncing back in a few years over Zillow or crypto.
User avatar
Beensabu
Posts: 5618
Joined: Sun Aug 14, 2016 3:22 pm

Re: U.S. stocks continue to soar!

Post by Beensabu »

bagastuff wrote: Sat May 28, 2022 5:46 pm Isn't that still beating the market (VTI/bnd) by a healthy margin?
Yeah. They either have an allocation to energy or commodities in their portfolio, most likely.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: U.S. stocks continue to soar!

Post by Keenobserver »

Beensabu wrote: Sat May 28, 2022 8:21 pm
bagastuff wrote: Sat May 28, 2022 5:46 pm Isn't that still beating the market (VTI/bnd) by a healthy margin?
Yeah. They either have an allocation to energy or commodities in their portfolio, most likely.
Yes and no Banks or other companies that are highly leveraged.
User avatar
Beensabu
Posts: 5618
Joined: Sun Aug 14, 2016 3:22 pm

Re: U.S. stocks continue to soar!

Post by Beensabu »

Keenobserver wrote: Sat May 28, 2022 8:52 pm
Beensabu wrote: Sat May 28, 2022 8:21 pm
bagastuff wrote: Sat May 28, 2022 5:46 pm Isn't that still beating the market (VTI/bnd) by a healthy margin?
Yeah. They either have an allocation to energy or commodities in their portfolio, most likely.
Yes and no Banks or other companies that are highly leveraged.
Good for you. Stick to the highly leveraged oil companies (and the commodities funds that are apparently the Fed's sole area of current consternation). My 20% allocation to VGENX has me way less in the red than I would be otherwise YTD -- if I'd gone full energy instead of hybrid, it would be green. And they thought I was crazy! 😜 They were probably right.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
Keenobserver
Posts: 1043
Joined: Thu Aug 13, 2015 1:05 pm

Re: U.S. stocks continue to soar!

Post by Keenobserver »

Beensabu wrote: Sat May 28, 2022 9:04 pm
Keenobserver wrote: Sat May 28, 2022 8:52 pm
Beensabu wrote: Sat May 28, 2022 8:21 pm
bagastuff wrote: Sat May 28, 2022 5:46 pm Isn't that still beating the market (VTI/bnd) by a healthy margin?
Yeah. They either have an allocation to energy or commodities in their portfolio, most likely.
Yes and no Banks or other companies that are highly leveraged.
Good for you. Stick to the highly leveraged oil companies (and the commodities funds that are apparently the Fed's sole area of current consternation). My 20% allocation to VGENX has me way less in the red than I would be otherwise YTD -- if I'd gone full energy instead of hybrid, it would be green. And they thought I was crazy! 😜 They were probably right.
Here is the exact allocation
Technology
35.63%
Health Care
24.45%
Consumer Cyclical
9.40%
Energy
9.28%
Industrials
7.21%
Basic Material
5.54%
Consumer Defensive
5.19%
Real Estate
1.81%
Utilities
0.77%
Communication
0.72
User avatar
Beensabu
Posts: 5618
Joined: Sun Aug 14, 2016 3:22 pm

Re: U.S. stocks continue to soar!

Post by Beensabu »

Keenobserver wrote: Sat May 28, 2022 9:40 pm
Beensabu wrote: Sat May 28, 2022 9:04 pm
Keenobserver wrote: Sat May 28, 2022 8:52 pm
Beensabu wrote: Sat May 28, 2022 8:21 pm
bagastuff wrote: Sat May 28, 2022 5:46 pm Isn't that still beating the market (VTI/bnd) by a healthy margin?
Yeah. They either have an allocation to energy or commodities in their portfolio, most likely.
Yes and no Banks or other companies that are highly leveraged.
Good for you. Stick to the highly leveraged oil companies (and the commodities funds that are apparently the Fed's sole area of current consternation). My 20% allocation to VGENX has me way less in the red than I would be otherwise YTD -- if I'd gone full energy instead of hybrid, it would be green. And they thought I was crazy! 😜 They were probably right.
Here is the exact allocation
Technology
35.63%
Health Care
24.45%
Consumer Cyclical
9.40%
Energy
9.28%
Industrials
7.21%
Basic Material
5.54%
Consumer Defensive
5.19%
Real Estate
1.81%
Utilities
0.77%
Communication
0.72
Tech and consumer cyclical are (or were, because who knows) your current pain points, and energy will be at some unknown point in the future (which is why I went with a hybrid fund for my "this is not approved" sector allocation). Healthcare is at a "plateau for now" for who knows how long. It's pretty maxed out though. Pain management is not a thing anymore, which does affect profits in that sector, because more customers choose to go bye-bye vs ineffectually attempting to pursue treatment.

Looks reasonable to me. A little surprised you're so low on utilities, but to each their own.
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
User avatar
LadyGeek
Site Admin
Posts: 95466
Joined: Sat Dec 20, 2008 4:34 pm
Location: Philadelphia
Contact:

Re: U.S. stocks continue to soar!

Post by LadyGeek »

Please stay on-topic, which is the US market (increasing).

Individual portfolio allocations should be discussed in a new thread.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
User avatar
LadyGeek
Site Admin
Posts: 95466
Joined: Sat Dec 20, 2008 4:34 pm
Location: Philadelphia
Contact:

Re: U.S. stocks continue to soar!

Post by LadyGeek »

I removed some off-topic comments and a post discussing cryptocurrency as an investment. As a reminder, cryptocurrency as an investment is off-topic. See: Greater Fool Investing Strategies
Eventually, one runs out of greater fools. - Burton Malkiel

Discussions of investment strategies based on securities or physical assets that have no underlying value or negative expected long term returns are prohibited. Examples include: cryptocurrencies; lottery tickets; tulip bulbs; Ponzi, pyramid, and multi-level marketing schemes; affinity frauds; and market manipulation schemes.
And this post by the site owner: New Forum Policy Prohibiting Discussions of Cryptocurrency, Market Manipulation Schemes, etc as Investing Strategies
Note - This policy is limited to discussions of investing strategies. Discussions of cryptocurrencies in other contexts is still acceptable, for example for money transfers or microtransactions or the current thread on crypto trades and tax loss harvesting.

10/19/21 Edit: What about BITO, the new futures ETF?

This still falls under our prohibition. Our ban on crypto discussions is ultimately based on cryptocurrencies' lack of intrinsic value. While the ETF structure greatly reduces non-market risks, purchasing it is still a purely speculative gamble, not an investment.
Members may have crypto in their portfolio. The discussion may proceed as long as the strategy for managing crypto aligns with "Investing Advice Inspired by Jack Bogle". For example, selling crypto to purchase stocks or bonds.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.
bagastuff
Posts: 137
Joined: Mon Apr 11, 2022 7:38 pm

Re: U.S. stocks continue to soar!

Post by bagastuff »

Bears out grabbing lunch...?
GP813
Posts: 1231
Joined: Wed Dec 11, 2019 9:11 am

Re: U.S. stocks continue to soar!

Post by GP813 »

sailaway wrote: Sat May 28, 2022 9:52 am
aragorn1 wrote: Sat May 28, 2022 9:44 am Dr. Michael Burry:
US Personal Savings fell to 2013 levels, the savings rate to 2008 levels- while revolving credit card debt grew at a record-setting pace back to the pre-COVID peak despite all those $trillions of cash dropped in their laps. Looming: a consumer recession and more earnings trouble.
https://twitter.com/michaeljburry/statu ... SNz7wqAAAA

Will the positive momentum not last ? :confused
OMG, we are carrying <1% of our net worth on a 0% cc offer and we crashed the whole economy?!?
Yeah my household keeps getting 0% APR offers that give us bonuses on top of that to makeup for any transfer fees. I pay everything I can on the credit card to get rewards points or cashback. I always wondered if these revolving credit stats account for 0% introductory offers.
CurlyDave
Posts: 3182
Joined: Thu Jul 28, 2016 11:37 am

Re: U.S. stocks continue to soar!

Post by CurlyDave »

Looking like a soaring morning so far. :mrgreen:
Answering a question is easy -- asking the right question is the hard part.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks continue to soar!

Post by atdharris »

I just hope the tech route is over. The individual tech names I do own are all best in class and I hate seeing them down 20-25% this year and getting dragged down with unprofitable companies.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks continue to soar!

Post by atdharris »

Oh well, new month but appears to be more of the same
User avatar
TheTimeLord
Posts: 12092
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

It doesn't seem right to start my morning without a chorus of "Our portfolios are crashing and we are all going to die". Some how I always found that comforting because it seems unlikely the end will be that obvious.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks continue to soar!

Post by elderwise »

To the bear moon 8-) :twisted:

Whelp the pump barely lasted 10 minutes
drk
Posts: 3927
Joined: Mon Jul 24, 2017 10:33 pm

Re: U.S. stocks continue to soar!

Post by drk »

TheTimeLord wrote: Wed Jun 01, 2022 9:21 am It doesn't seem right to start my morning without a chorus of "Our portfolios are crashing and we are all going to die". Some how I always found that comforting because it seems unlikely the end will be that obvious.
Help! Our portfolios are crashing, and we are all going to die!

HTH
A useful razor: anyone asking about speculative strategies on Bogleheads.org has no business using them.
bagastuff
Posts: 137
Joined: Mon Apr 11, 2022 7:38 pm

Re: U.S. stocks continue to soar!

Post by bagastuff »

VTI currently soaring like a falcon that just scooped up a salmon off the top of a lake
User avatar
firebirdparts
Posts: 4387
Joined: Thu Jun 13, 2019 4:21 pm
Location: Southern Appalachia

Re: U.S. stocks continue to soar!

Post by firebirdparts »

elderwise wrote: Wed Jun 01, 2022 9:27 am To the bear moon 8-) :twisted:

Whelp the pump barely lasted 10 minutes
methinks thou dost protest too much
This time is the same
User avatar
TheTimeLord
Posts: 12092
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

drk wrote: Wed Jun 01, 2022 12:19 pm
TheTimeLord wrote: Wed Jun 01, 2022 9:21 am It doesn't seem right to start my morning without a chorus of "Our portfolios are crashing and we are all going to die". Some how I always found that comforting because it seems unlikely the end will be that obvious.
Help! Our portfolios are crashing, and we are all going to die!

HTH
Now things feel normal.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
User avatar
TheTimeLord
Posts: 12092
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks continue to soar!

Post by TheTimeLord »

So far not the best day for bargain hunting.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
H-Town
Posts: 5876
Joined: Sun Feb 26, 2017 1:08 pm

Re: U.S. stocks continue to soar!

Post by H-Town »

TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
nor for those who bought triple inverse qqq :wink:
Time is the ultimate currency.
sailaway
Posts: 8188
Joined: Fri May 12, 2017 1:11 pm

Re: U.S. stocks continue to soar!

Post by sailaway »

TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
Didn't I mention? DH is making his last MBR contribution tomorrow. I consider it highly likely that we will soar this week.
RXfiles
Posts: 469
Joined: Tue May 26, 2020 1:23 pm
Location: Birmingham, AL

Re: U.S. stocks continue to soar!

Post by RXfiles »

Big green day before my 401k deposits every time.
User avatar
Stinky
Posts: 14088
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks continue to soar!

Post by Stinky »

RXfiles wrote: Thu Jun 02, 2022 10:54 am Big green day before my 401k deposits every time.
Check to see if your employer will make daily deposits into your 401k.

That will guarantee that the market will go up every day. :twisted:
Retired life insurance company financial executive who sincerely believes that ”It’s a GREAT day to be alive!”
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks continue to soar!

Post by elderwise »

H-Town wrote: Thu Jun 02, 2022 10:25 am
TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
nor for those who bought triple inverse qqq :wink:
I play both sides. Larger holding is 3x faang+ FNGu

Minor holding is FNGd 3x Bear ETN for faang+

You never know which side wins 🏆 till you cash out the gains tax free .
H-Town
Posts: 5876
Joined: Sun Feb 26, 2017 1:08 pm

Re: U.S. stocks continue to soar!

Post by H-Town »

elderwise wrote: Thu Jun 02, 2022 11:53 am
H-Town wrote: Thu Jun 02, 2022 10:25 am
TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
nor for those who bought triple inverse qqq :wink:
I play both sides. Larger holding is 3x faang+ FNGu

Minor holding is FNGd 3x Bear ETN for faang+

You never know which side wins 🏆 till you cash out the gains tax free .
Can you share the math how it works out? In my mind, for every dollar gain in a long fund, you will have a dollar loss in short position.
Time is the ultimate currency.
exodusNH
Posts: 10249
Joined: Wed Jan 06, 2021 7:21 pm

Re: U.S. stocks continue to soar!

Post by exodusNH »

H-Town wrote: Thu Jun 02, 2022 11:55 am
elderwise wrote: Thu Jun 02, 2022 11:53 am
H-Town wrote: Thu Jun 02, 2022 10:25 am
TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
nor for those who bought triple inverse qqq :wink:
I play both sides. Larger holding is 3x faang+ FNGu

Minor holding is FNGd 3x Bear ETN for faang+

You never know which side wins 🏆 till you cash out the gains tax free .
Can you share the math how it works out? In my mind, for every dollar gain in a long fund, you will have a dollar loss in short position.
This doesn't make sense to me, either. When you factor in volatility decay and expenses, I don't see how this can be a bet positive.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks continue to soar!

Post by elderwise »

H-Town wrote: Thu Jun 02, 2022 11:55 am
elderwise wrote: Thu Jun 02, 2022 11:53 am
H-Town wrote: Thu Jun 02, 2022 10:25 am
TheTimeLord wrote: Thu Jun 02, 2022 10:15 am So far not the best day for bargain hunting.
nor for those who bought triple inverse qqq :wink:
I play both sides. Larger holding is 3x faang+ FNGu

Minor holding is FNGd 3x Bear ETN for faang+

You never know which side wins 🏆 till you cash out the gains tax free .
Can you share the math how it works out? In my mind, for every dollar gain in a long fund, you will have a dollar loss in short position.
I am no expert neither do I claim to be one


Lately swing trades have been treating good its good till it don't work no more.

On consecutive solid 3% green nasdaq days you buy FNGD which is 3x bear etn ok? I risk small $ ...5 10 20 30 shares as its inverse ..flip on those days you have RBDs back to back..since mid March we have been seeing those a lot lately. FnGD has gone ATH to 98 if you got at 50 60 sold at 90+ or even 80 its good profit tax free as Its ETN

Ofcourse long term stocks go up so FNGU so I keep a bigger holding ..and will also flip that at decent gains though I am not worried to exit that position..as it's net long.

ER is high but who cares? I am not talking about risking 500K or 1mm in these swing trades..smaller chunk smaller risk

Shorting without actually shorting.
atdharris
Posts: 2091
Joined: Wed Jan 02, 2019 2:18 pm

Re: U.S. stocks continue to soar!

Post by atdharris »

What triggered today's soaring? The bad jobs report? Dead cat bounce?
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks continue to soar!

Post by elderwise »

atdharris wrote: Thu Jun 02, 2022 1:10 pm What triggered today's soaring? The bad jobs report? Dead cat bounce?
Your getting a chance to buy inverse nasdaq funds like sqqq and fngd at a discount what more can I say :twisted: :moneybag

I actually have 10 sh limit for 55 54 for fngd.
Marseille07
Posts: 16054
Joined: Fri Nov 06, 2020 12:41 pm

Re: U.S. stocks continue to soar!

Post by Marseille07 »

atdharris wrote: Thu Jun 02, 2022 1:10 pm What triggered today's soaring? The bad jobs report? Dead cat bounce?
The Factory Orders MoM APR report was bad. The Fed might not hike as much.
elderwise
Posts: 836
Joined: Fri Jul 22, 2016 10:27 am

Re: U.S. stocks continue to soar!

Post by elderwise »

Marseille07 wrote: Thu Jun 02, 2022 1:17 pm
atdharris wrote: Thu Jun 02, 2022 1:10 pm What triggered today's soaring? The bad jobs report? Dead cat bounce?
The Factory Orders MoM APR report was bad. The Fed might not hike as much.
To counter that read this.

Fed’s Brainard says she doesn’t support a ‘pause’ in interest-rate hikes in September

How do they match up 🤔
Marseille07
Posts: 16054
Joined: Fri Nov 06, 2020 12:41 pm

Re: U.S. stocks continue to soar!

Post by Marseille07 »

elderwise wrote: Thu Jun 02, 2022 1:19 pm To counter that read this.

Fed’s Brainard says she doesn’t support a ‘pause’ in interest-rate hikes in September

How do they match up 🤔
They don't match up because I was joking :D
Locked