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Stock Market 2016
10-13-2016, 06:35 AM
The market looks eerily similar to the days right before the 1987 crash
http://www.businessinsider.com/the-sp-50...rash-2016-
RED ALERT — Get ready for a 'severe fall' in the stock market, HSBC says
http://finance.yahoo.com/news/hsbc-red-a...07005.html
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Stock Market 2016
10-14-2016, 09:19 AM
I pulled the trigger, moving funds from cash to precious metals in my IRA. Not a lot, but enough to give me a bit of a hedge in uncertainty. I was waiting for a pullback in the price of platinum and palladium, as it appears Russia has been dumping metals on the market to raise cash. The dip finally happened. I also moved cash into silver.
I am holding off on gold as there is a rumor there are funds that made a wrong bet on interest rates and gold prices in Europe. We might have a big gold dump coming soon.
The two funds I put cash into:
SPPP - Platinum & Palladium
SLV - Silver
These are not mining ETFs. They just physically hold the metal.
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Stock Market 2016
10-14-2016, 11:20 AM
Started swing/day trading futures and selling out of the money call spreads, as I believe there is going to be a correction coming up. I don't want any money in indexes or equities over the next couple months. Also went long VXX call options into the election.
Buying gold is probably a solid investment for the coming months if you want your money to do something instead of sitting in cash.
"Money over bitches, nigga stick to the script." - Jay-Z
They gonna love me for my ambition.
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Stock Market 2016
10-14-2016, 11:39 AM
Buffett is also sitting on cash:
Cash Is Piling Up Faster Than Warren Buffett Can Invest It
http://www.bloomberg.com/news/articles/2...-invest-it
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Stock Market 2016
10-14-2016, 04:58 PM
I'm sitting in mostly cash as well. I have a decent nest built on one stock in chemicals sector, just waiting for earnings results later this month, then I'll move to all cash. For those who have have assets in 401ks, what "cash" instruments do you buy?
David took his men with him and went out and killed two hundred Philistines and brought back their foreskins. They counted out the full number to the king so that David might become the king's son-in-law. Then Saul gave him his daughter Michal in marriage. 1 Samuel 18:27
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Stock Market 2016
10-15-2016, 09:25 PM
I call my current portfolio "schizophrenic" - about 50% in cash, 50% mostly in stocks with a little bit in alternative assets, such as REIT. So, if the market goes up or down, part of me likes it and another part hates it. I have no idea where the market is going and where it will be say a few month from now, so I will be dollar cost averaging the cash into index funds over the next few months. This strategy is based on my belief that the stock prices will be going up in the long run even with all the recessions and market swings which will definitely be happening as well.
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Stock Market 2016
10-17-2016, 09:48 AM
is it a good idea to buy VXX stocks GTC on the election day? sorry for the nooby question
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Stock Market 2016
10-24-2016, 12:28 PM
@polymath: You got the theory right, but realistically VXX rises if the mkt sells off and vice versa. The thesis chips is making perhaps erroneously is that the mkt will selloff on election day.
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Stock Market 2016
10-24-2016, 04:51 PM
got it, so a more advisable move would be to place an order for the day before the election?
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Stock Market 2016
10-24-2016, 05:56 PM
@polymath: Agreed, and I'll say that if for example in the rare event SPX opens say >5% up, VXX would open higher, only to sell off rest of the day.
That's not what chips is really asking however, or that his thesis would imply.
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Stock Market 2016
11-08-2016, 09:49 PM
Got $50 on Trump for shits and giggles because it really looked like Brexit, that pales to portfolio losses MTM in a Trump victory.
ES -3%, Nikkei -4%, USDJPY -2.5%, Gold +2.5%
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Stock Market 2016
11-09-2016, 11:51 AM
Wow, didn't think we would bounce back this quick, should of held my short ES puts a little longer.
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Stock Market 2016
11-09-2016, 12:04 PM
I expected S&P 500 to be down at least for a few days, prepared to buy index funds on the cheap, but it's going up. Another argument against market timing. It's a random walk, you just can't predict it.
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Stock Market 2016
11-09-2016, 02:05 PM
While the market is down- any high dividend or strategic stock where you guys would recommended investing?
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Stock Market 2016
11-09-2016, 04:02 PM
Dow is up over 200 points. Media wrong again.
You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
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Stock Market 2016
11-09-2016, 09:49 PM
I'm pretty pissed... I was hoping to buy in on some stuff on panic selling but didn't get a chance.
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Stock Market 2016
11-10-2016, 05:48 AM
Yeah I had a bunch of stocks I was thinking about getting into at a discount.
They all crushed yesterday. One was up damn near 20%.
You want to know the only thing you can assume about a broken down old man? It's that he's a survivor.
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Stock Market 2016
11-10-2016, 11:18 AM
I'm happy on selling a big position into strength yesterday. I was expecting to wait a few days and buy on weakness after the Trump victory. Didn't happen. So definitely surprised here, but perhaps we will get a bigger pull back and I'll take up some new positions.
Random walk theory seems like its right sometimes.
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Stock Market 2016
11-10-2016, 11:48 AM
The market didn´t tank because of Trump´s victory speech.
At least this makes sense:
iShares MSCI Mexico Capped (EWW)
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As of 12:14 PM EST. Market open.
https://finance.yahoo.com/quote/EWW?p=EWW