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as we go lower the machines still have to unwind more leverage
They & institutional are the one's buying right now. They're hedging and offsetting so they don't HAVE to sell more.
Will there be some more selling, yes but not programmed. It will be selected, there will be volatility, but it's just outside of normal active markets ala pre-2007. This market volatility is great (well maybe not as much the big swings), but movement and selected/targeted allocations to actually find good value positions. Not having to search for yield and riskier assets and EM's, which used to be the prime location for Alt-A or junk equities.
i stopped going by any point in time except the end of the day .we have had 300 point opens evaporate and end up down hundreds . i wish i could get excited at the futures but i can't .
You just can't tell.. Remember that on election night futures were down 700 points.
Market wound up being up 300+ points.
Honestly.. Today seems less volatile than I was expecting, though it's only 11am.
5 minutes ago it was up 15, now it's up 75. But, that's only something like .3 percent. We're not seeing wild swings of 500 points like I was kind of expecting.. But, the day is young. While it seems to be just hanging out at a point of no real change.. If a trend in either direction starts, a 'pile on' could start.
I'm not going to be surprised by anything under 1000 points in either direction today.
Those who ignore what the market is doing and just continue investing on a schedule and stop trying to time the market will do fine over a period of time, as long as they have monies for shorter term needs and up to a couple years for those longer in the tooth, and a maintained emergency fund.
Those who prognosticate and think themselves wise seers into the future will guess right once in awhile and will get bit in the ass a bunch too.
It's interesting to see how people really behave when they're facing their own uncertainty, which is often contrary to what is preached. Follow fundamentals: don't fall for the B.S. pedaled on Internet forums, the emperor still has no clothes, concentrate on practicing good investing behavior which is something that will serve you well in any market, and if you need emotional reinforcement, read the wise words of real financial experts (Peter Lynch, Warren Buffet, Jack Bogle, etc).
Big fan of both Lynch & Buffett -- but neither one of those guys would advise you keep buying at any level.
If there is no demand at current prices, price goes down. Money disappears.
This is what people want though, right????
But my understanding is that there are only a certain amount of shares. If that's true, then people (lots of people) would be dumping their shares. That money has to be somewhere...
Time to put a hedge in place.
Could be cash.
Could be government bonds.
Could be inverse moving tickers.
But do something for Pete's sake -- the obvious direction of the market is down for the time being.
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