Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Dow futures down over 600 points.
Beautiful red screen all over, except for gold and silver
Quote:
Originally Posted by richrf
Stocks have gone no where in a year as the Parasites of Wall Street pray that the Federal Reserve can continue to blow up assets on the backs of part-time, temporary slave jobs.
Keep praying and by all means stay 100%.
lets review some of our members comments .
good thing no one bet the ranch based on their predictive ability's .
Quote:
Originally Posted by arctic_gardener
Me too. I checked my account with a pounding heart expecting a decline of thousands of dollars, but instead it was in the low hundreds. Thank you, TLT and GLD
still thanking them ? down 15% or so since then ,while dow broke 19k
Quote:
Originally Posted by tripleh
bear market bounce just gives you another chance to get short at higher prices.
how did that work out for ya ?
Last edited by mathjak107; 12-07-2016 at 05:16 AM..
What bothers me is the markets only move short term due to actions of large professional investors and fund managers. How can they be so fickle? So wrong, so often?
I will stick by my post #177. Most of the short term volatility makes no sense.
I also posted that I felt comfortable with a low cost mortgage and investing the money I would have used to buy the house with cash. Now that is again looking better and better. And with time, those low rates will continue to look like a bargain.
markets change instantaneously as news hits . when you trade on fear ,greed and perception you are always taking a step in to the direction of the moments news .
get more news in that direction and it takes another step . if the news continues then a trend develops . if it doesn't it reacts back . every moment is heading off in another direction until it needs adjustment back .
All the charts, graphs, pronouncements of something different is ahead, naval gazing, penile measuring, chest and dead horse beating, who can pee higher on the proverbial tree, one-upping simply doesn't tell anyone what will happen tomorrow, the day after that, and after that, and next year.
And that is the holy grail, not what happened last week but what will happen to markets tomorrow. No one knows. They might claim to know, they might be a good guesser, but they don't know. That's the biggest lesson to remember. The emperor still is not wearing clothes.
So pick yer level 'o risk you can tolerate, pick allocations, be diversified enough, don't spend more than you earn, keep a reasonable safety cushion of savings aside from your investments, don't panic, and let 'er rip. That's been the best universal advice.
markets just react to everything known up to the moment good or bad . they don't predict the future as much as they react to what just transpired , which if it continues will become the future path
This is why I've said it multiple times, don't get caught up in your own predictions when they don't come true. This hurts people a lot. They make a big statement on if this happens then the market will do this. When the event happens and the market does the opposite, they should adjust, but instead many people simply double down, dig their heels into the ground and try to justify why they are still going to be right. I thought the markets would tank after Trump was elected and I had a large short position, when I saw the first trading day become relatively flat, I covered all my short positions and went to cash. When I saw markets were responding positively the results, I started being bullish again.
I had a large short position, when I saw the first trading day become relatively flat, I covered all my short positions and went to cash.
You must be referring to your big purchase of SH.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
