Stock Market: The Thread

[fan_since79]

I'm so sick of this stinkin' stock market.

"Fears of China slowdown..." That's crap. The big boys are running this thing down, then they'll run it back up again in 2019.

They make money whether it goes up or down. The retail investors get the shaft.

 

[Lou]

1 hour ago, calscuf said:

Maybe don’t put money in the stock market?

 

[Angel Oracle]

Unfortunately, CDs aren’t at nearly a good enough level to move money into them, yet.

[Brandon]

Someone asked me about them over the weekend. Seems to be around 2.75-2.9%

[mrwicked]

On 1/18/2018 at 6:53 PM, Warfarin said:

NASDAQ crashed due to the dotcom bubble.  Of course, there's a gigantic cryptocurrency bubble forming (and possibly beginning to deflate) right now.  We'll see if that has any impact on the stock market at large...

yep. poof.

what's crazy is people were mortgaging their houses to buy bitcoin when it was like $18k a coin. it's now down to the mid $3ks. 

ouch. 

https://www.coindesk.com/a-year-ago-today-bitcoins-price-was-at-a-record-20k

[Catwhoshatinthehat]

I think I mentioned something similar before and it sounds terrible but when I had friends who don't invest much bringing up cryptocurrency that's like getting stock advice from the guy in line behind you at the grocery store.  One buddy was telling me this time last year he put a bit in and while it was near the top luckily for him it wasn't much and he can afford to lose it.  Another buddy bought before the peak last year and had put in a lot.  He could have taken his gains but didn't so now he's looking at huge losses if he sells and praying for a comeback.

[T.G.]

My best stock tip is...

 

Jack in the Bean

 

That thing will continue to go sky high.

[fan_since79]

On 12/16/2018 at 9:05 AM, Angel Oracle said:

Unfortunately, CDs aren’t at nearly a good enough level to move money into them, yet.

Robinhood as of last week had a plan for 3% interest on savings accounts with no minimum.

That was rolled back when federal regulators stepped in and said, "Not so fast!".

I'm going to keep an eye on it however, to see if they can redo it.

https://www.cnbc.com/2018/12/15/robinhood-to-re-brand-savings-account-plan-after-widespread-criticism.html

 

[ten ocho recon scout]

17 hours ago, True Grich said:

My best stock tip is...

 

Jack in the Bean

 

That thing will continue to go sky high.

I once invested in a movie ticket for the movie jack the bear. Poor, poor investment.

Whatever happened to bitcoin? Was that whole thing a scam, basically?

[yk9001]

On 12/16/2018 at 9:05 AM, Angel Oracle said:

Unfortunately, CDs aren’t at nearly a good enough level to move money into them, yet.

I've been in t-bills most of the year in my after tax account.  A month or so ago, one year T Bills were approaching 3.00%.  Now around 2.65%.

 

Tax free at the state level.

 

I am praying for a fed rate hike.

[yk9001]

17 hours ago, fan_since79 said:

Robinhood as of last week had a plan for 3% interest on savings accounts with no minimum.

That was rolled back when federal regulators stepped in and said, "Not so fast!".

I'm going to keep an eye on it however, to see if they can redo it.

https://www.cnbc.com/2018/12/15/robinhood-to-re-brand-savings-account-plan-after-widespread-criticism.html

 

Come on, dude.  

T bills

Tax free at state level

Backed by the US government

 

Frigging Robin Hood?  The junk that Matt Money Smith peddles on the radio?

Come on, man.

[Slegnaac]

So T Bills in a Roth account?

[yk9001]

50 minutes ago, Slegnaac said:

So T Bills in a Roth account?

You aren't getting the tax benefits of t bills in a Roth.

 

I checked my brokerage account today.  One year T bills are getting 2.67% YTM.  If you can do better elsewhere (not Robinhood, and I wouldn't even put my money in Bank of Kenesaw CDs or some other skeevy bank) for cash, use it.  If not, T bills.

[T.G.]

I have all my money tied up in Trout Rookie Cards.

[fan_since79]

If the Fed holds off on a rate hike this month, the markets will skyrocket. They are terribly oversold.

We'll see this afternoon.

 

[fan_since79]

If you need any evidence that this market is being manipulated, the 800-point drop in the past hour since the Fed announced an EXPECTED rate hike is a perfect example.

Especially in light of the good news for markets that the Fed anticipates only two hikes next year, rather than the expected three. A normal market would be rising nicely today.

They ran this thing up in the morning, and at the announcement which was totally expected, crashed it in a matter of seconds. Look at today's chart.

Laughable. I'm still in the market as my horizon is 10-15 more years and in the long term I will make some nice profits. 

Edited December 19, 2018 by fan_since79

[yk9001]

1 hour ago, fan_since79 said:

If you need any evidence that this market is being manipulated....

 

1 hour ago, fan_since79 said:

....I'm still in the market....

[Angel Oracle]

Wonder if some computerized accounts auto sell when a rate hike hits?   What else causes such a steep drop, when it was announced there would only be 2, and not 3, rate hikes in 2019? 

Tomorrow might answer that question, if we see a big jump up in the stock market.   

[fan_since79]

18 hours ago, Angel Oracle said:

Wonder if some computerized accounts auto sell when a rate hike hits?   What else causes such a steep drop, when it was announced there would only be 2, and not 3, rate hikes in 2019? 

Tomorrow might answer that question, if we see a big jump up in the stock market.   

All reason seems to have abandoned this market.

Down again big time today with no end in sight. 

I'm still invested, but yesterday I shaved some positions and added to cash. Took money out of growth fund. "Balanced" funds are not too bad right now, as many of them have 30-40% in bonds which are doing well. 

[Brandon]

On 12/6/2018 at 1:30 PM, Tank said:

i don't know jack squat on a stick about what drives prices on the stock market.

i'm guessing a majority of americans are in a similar position.

We know FS79 is in that position

[yk9001]

7 hours ago, fan_since79 said:

All reason seems to have abandoned this market.

Down again big time today with no end in sight. 

We just did a shitload of tax loss harvesting today with this crappy market.  There are tons of reasons for selling right now.

Give me the reason for investing right now.  I am all ears.  

And I need better than "Because the market is down a lot" and "oversold".

Give me real, legit reasons for investing right now.

[fan_since79]

I'll be buying if the Dow falls below 20,000. Before then, nope.

A big drop tomorrow, and I'll be shaving some more of that growth fund I own. The market IS oversold, but that doesn't mean a thing because these are irrational times.

Apple at a P/E of 13?!  Ridiculously cheap, but given the irrationality of markets, it could still fall a lot more.

When they run out of sellers, the rally will be nuclear.

[fan_since79]

We're now in a bear market for tech stocks.

NASDAQ is down 20% from its high almost four months ago, and continuing to fall.

No way to know how far this thing will drop, and an extended government shutdown will probably not help.

Taking money off the table.

 

[Catwhoshatinthehat]

16 hours ago, yk9001 said:

We just did a shitload of tax loss harvesting today with this crappy market.  There are tons of reasons for selling right now.

Give me the reason for investing right now.  I am all ears.  

And I need better than "Because the market is down a lot" and "oversold".

Give me real, legit reasons for investing right now.

My reason for investing now and in any other situation I've seen during my lifetime is that I invest for the long term.   

[fan_since79]

On 1/4/2018 at 7:35 AM, fan_since79 said:

The Dow just blew through 25,000.

Up 170 points so far today.

An amazing run that may have a lot more room to go.

 

Who is this idiot?!