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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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Sounds like the mega farm corporations have another buying opportunity on the horizon.

 

This Is Fine GIF

On 11/6/2024 at 1:18 PM, 52-80 said:

SPX futures is 70 points from hitting 6000. 🚀 🚀 🚀 

real, and spectacular

3 hours ago, 52-80 said:

real, and spectacular

We really are in hookers, champagne and cocaine mode.  I am terrified of the hangover should it ever emerge.

Sold TSLA for a nice 30% gain.  Let’s fucking go.   Thought about just letting it ride but fuck it.   Feels good to make a quick profit.

Yeap, tesla broke 300.  Round numbers gang 

7 hours ago, victory88 said:

Sold TSLA for a nice 30% gain.  Let’s fucking go.   Thought about just letting it ride but fuck it.   Feels good to make a quick profit.

you never go broke taking a profit

340 in premarket open.  insane.  USD is also crushing EUR

Nat gas decided spike almost 10% this morning.

Pharma getting absolutely hammered due to CR shit. Might be some value to snipe. 

4 hours ago, Anastasis said:

Pharma getting absolutely hammered due to CR shit. Might be some value to snipe. 

What, you don't think putting a person that had literal brain worms in charge of the FDA isn't gonna make things run smoother?

3 minutes ago, Captainant said:

What, you don't think putting a person that had literal brain worms in charge of the FDA isn't gonna make things run smoother?

Lots of reasons for market concern, including his views on DTC advertising and the industry revolving door at the agency. 

I just convinced myself that I am buy and hold forever. Now I am not sure given the rampant economic uncertainty that is going to be created.

On 11/16/2024 at 6:57 PM, wackawacka said:

I just convinced myself that I am buy and hold forever. Now I am not sure given the rampant economic uncertainty that is going to be created.

This is what I have advised my kids about their holdings. Current events have me reconsidering.

17 hours ago, Willfully Horn said:

This is what I have advised my kids about their holdings. Current events have me reconsidering.

I'm 7 years from retirement.  My IRA portfolio is aggressive...70% VOO 30% VGT.  Returns have been phenomenal.  However, I don't exactly trust the Trump brain trust to not drive everything into the ditch and set it on fire but I also don't want to miss out on market hubris.  

I'm considering setting a trailing stop limit at either -5% or -10% for both ETFs.  Even though I may be briefly out of the market for a few days if there's a short market downturn, at least I am protecting wealth and, since it's an IRA, there are no tax consequences for being overly risk adverse...while also being greedy...right now.

 

 

18 minutes ago, CooterBrown said:

Even though I may be briefly out of the market for a few days if there's a short market downturn,

what's the mechanism to get back into the market?   intestinal fortitude?   Obviously the risk with that strategy is a failure to get back in.

4 minutes ago, Incredulity said:

what's the mechanism to get back into the market?   intestinal fortitude?   Obviously the risk with that strategy is a failure to get back in.

That is a legitimate sticking point.  I want to make sure my exit point isn't too easily hit on normal market swings but I don't want to to lose 20+%.  As a result, it's hard to pull the trigger.

A quick look at VOO from 2010 to today, there are only a few sustained runs where the closing price is lower than 10% off of the all-time high closing price.  For all of them, if you re-entered the ETF after 3 days of the closing price being within 10% of the all-time high, the price set a new record within a few weeks.  I don't know if that's an actual indicator of when to get back in or if it's just a coincidence since there's so few extended downturns.  Most of the downturns are less than a week except for MAR2020-JUN2020 and APR2022-JUN2023.  

Since I do have enough to retire in that account already, I think erring on the side of wealth protection is probably an okay decision. There are worse things in the world than sitting in a Fidelity cash account earning a bit of interest.

6 minutes ago, CooterBrown said:

That is a legitimate sticking point.  I want to make sure my exit point isn't too easily hit on normal market swings but I don't want to to lose 20+%.  As a result, it's hard to pull the trigger.

A quick look at VOO from 2010 to today, there are only a few sustained runs where the closing price is lower than 10% off of the all-time high closing price.  For all of them, if you re-entered the ETF after 3 days of the closing price being within 10% of the all-time high, the price set a new record within a few weeks.  I don't know if that's an actual indicator of when to get back in or if it's just a coincidence since there's so few extended downturns.  Most of the downturns are less than a week except for MAR2020-JUN2020 and APR2022-JUN2023.  

Since I do have enough to retire in that account already, I think erring on the side of wealth protection is probably an okay decision. There are worse things in the world than sitting in a Fidelity cash account earning a bit of interest.

I agree with the sentiment on some cash.  4%plus probably beats inflation over the next 5 years.  You might want to consider some medium term CD's or t-bills.  If its good enough for Warren...

 

2 hours ago, CooterBrown said:

I'm 7 years from retirement.  My IRA portfolio is aggressive...70% VOO 30% VGT.  Returns have been phenomenal.  However, I don't exactly trust the Trump brain trust to not drive everything into the ditch and set it on fire but I also don't want to miss out on market hubris.  

I'm considering setting a trailing stop limit at either -5% or -10% for both ETFs.  Even though I may be briefly out of the market for a few days if there's a short market downturn, at least I am protecting wealth and, since it's an IRA, there are no tax consequences for being overly risk adverse...while also being greedy...right now.

 

 

I like to keep a 5-10ish % in a 'single stock/single idea' pile in case I need to put that into VXX for a short period of mega-uncertainty.  let the stock do it's thing, then sell it when convenient and buy VXX to hedge the portfolio if need be.  Did it leading up to the election and made a nice 15% gain on the VXX trade.  

On 11/17/2024 at 1:57 AM, wackawacka said:

Now I am not sure given the rampant economic uncertainty that is going to be created.

Interesting divergence from the 4 bellweathers of the US consumer economy, with Target and Walmart reporting this week, and Visa and Mastercard reporting last month (pre-election)

Visa: forward growth ~10%

MC: forward growth ~10%

WM: forward growth ~10%

Target: forward growth flat.  stock takes 20% hit in pre-market.

 

3 out of 4 looking rosy is not bad, ill take it.

 

at the low-end, dollar tree and dollar general both expect very modest growth (rather than big jump in cost conscious shoppers). also good sign imo

 

So what all is the Surly 99% gonna spend their 2024 stock market #gainz on?  Personally I have my eye on a new Garmin smart watch.

28 minutes ago, Parliament said:

So what all is the Surly 99% gonna spend their 2024 stock market #gainz on?  Personally I have my eye on a new Garmin smart watch.

Uncovered puts and calls 🚀

41 minutes ago, Parliament said:

So what all is the Surly 99% gonna spend their 2024 stock market #gainz on?  Personally I have my eye on a new Garmin smart watch.

amp3.jpg
 

6 hours ago, Parliament said:

So what all is the Surly 99% gonna spend their 2024 stock market #gainz on?  Personally I have my eye on a new Garmin smart watch.

One year closer to walking away from work.   Next year is my last one 

Anytime remember the name of that annual thread where people post deals and gifts they're getting or giving? 

Edited by KYHorn

  • 3 weeks later...
23 minutes ago, Incredulity said:

what trade did you make?

Vanilla. Bought shares at 123 when they shit the bed on earnings. I think thats overexaggerated and theyre undervalued relative to peers

This week is a lull, next week is the Santa rally, historically speaking

and you know the drill, when Wally says buy it is time to rush for the exits

53 minutes ago, Parliament said:

Short some TSLA plz.  I gotta get out of my position.

Not even my jinxing power can overcome Elmo's new found maga'rific momentum

1 hour ago, Parliament said:

Short some TSLA plz.  I gotta get out of my position.

it's at an all time high.  You need it to go higher?  

AVGO up 29% TODAY!!!  What the hell, that's shit is supposed to happen to things like IBRX, not a company with a Trillion dollar market cap. 

I sometime tell myself that I know how the stock market works. But I don't.  

41 minutes ago, 0xdeadbeef said:

AVGO up 29% TODAY!!!  What the hell, that's shit is supposed to happen to things like IBRX, not a company with a Trillion dollar market cap. 

...

Clearly, market conditions are too tight and the Fed needs to cut rates.  /sarc

7 hours ago, Incredulity said:

it's at an all time high.  You need it to go higher?  

It’s hard to believe this company is at an all time high. 

13 minutes ago, Sgt Hulk said:

1000 point drop. Da fuck I miss 

Rate cut but moreso less rate cuts next year than a projection and a raising of the target from 2.9 to 3.1 

He said pretty much what most analysts I heard this morning predicted he’d say.  I’m surprised the market was surprised?

7 minutes ago, Rip76 said:

Holy crap

Holy Crap indeed. No point is saying everything I own was red today, because that applies to just about everyone.  

 

image.thumb.png.24f122e4a239d46d5e5171df297017f0.png

 

Thank goodness I moved everything I owned to United healthcare yesterday. 

41 minutes ago, Lurch said:

He said pretty much what most analysts I heard this morning predicted he’d say.  I’m surprised the market was surprised?

Yeah, computer algo's gonna do their thing regardless of what makes sense to a rational person. 

Was swamped this whole afternoon.

literally thought my phone was glitching when I looked at stocks 

good times, good times

4 minutes ago, StassneyHorn said:

Waited until 2:45 then entered into SCHD.

CSBstocks disclaimer:

 

VOO murders SCHD in total return…ask me how I know.

My individual account has VTSAX (admiral fund shares of VTI) in it now. Going to try and focus on 70/30 split between that SCHD for a good bit.

On 3/26/2018 at 8:39 AM, Yarbr said:

Figure page one needs a reference point.

Dow 23,530

S&P 2,590

Nasdaq 6,990

 

On 3/26/2018 at 10:17 AM, Llano Estacado said:

Also for the record the original thread title comes from a -2% day on Feb 3, 2014

DJIA: 15,372

Nasdaq: 3,996

S&P: 1,741

think I'll hold for another 10 years.

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