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Re: Blood bath on wall street...my advice..
[Re: DannyB]
#7865159
06/09/20 12:24 PM
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Joined: Jan 2013
Posts: 19,638
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,638 |
[quote=Guy]Don’t look at your portfolio. Also plenty made with much simpler way called using your brain and not near as much work......Exxon/Mobil, Chevron and Disney are examples looking at them now from their March lows..... I'm sure those companies are on Powell's screen to buy. That works, until it doesn't Until it doesn't you can watch every one else make money.........how's that working for you DannyB?
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7865504
06/09/20 06:31 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Posts: 1,862 |
Anybody been watching Chesapeake stock? Its about the most neurotic effin stock I think I've ever seen in my life. No wonder their founder/CEO killed himself.
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Re: Blood bath on wall street...my advice..
[Re: TLew]
#7865607
06/09/20 07:53 PM
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Joined: Dec 2005
Posts: 35,409
Guy
OP
THF Celebrity
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OP
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Joined: Dec 2005
Posts: 35,409 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. As Ox would say, bank statement. I'm all for a healthy economy and I want it, however it's not healthy right now and I don't think what you see is a bunch of retail investors. It's mostly quants, trading houses, etc. trying to make short term bucks. Unfortunately, the market will read the right temperature at some point and then maybe we can start to make it healthy again, but layoffs aren't done, Q2 numbers aren't reported, and how can we be so close to the Feb highs if everyone is saying we won't reach FY19Q4 GDP until FY22Q3? Don't know that we will skim the lows of mid-March again, but I would be nimble if you're going to buy in the market today and need the money within the next 5 years. The NASDAQ has already surpassed Feb highs...New all time high today.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7865613
06/09/20 08:01 PM
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Joined: Oct 2012
Posts: 25,138
Creekrunner
THF Celebrity
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Joined: Oct 2012
Posts: 25,138 |
Speaking of Wall Street, it just hit me with this other crap going on, remember the "Occupy" movement?
...and have dominion over the fish of the sea, and over the fowl of the air, and over every living thing that moveth upon the earth. Gen. 1:28
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7865646
06/09/20 08:49 PM
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Joined: Jan 2013
Posts: 3,416
TLew
Veteran Tracker
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Joined: Jan 2013
Posts: 3,416 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. As Ox would say, bank statement. I'm all for a healthy economy and I want it, however it's not healthy right now and I don't think what you see is a bunch of retail investors. It's mostly quants, trading houses, etc. trying to make short term bucks. Unfortunately, the market will read the right temperature at some point and then maybe we can start to make it healthy again, but layoffs aren't done, Q2 numbers aren't reported, and how can we be so close to the Feb highs if everyone is saying we won't reach FY19Q4 GDP until FY22Q3? Don't know that we will skim the lows of mid-March again, but I would be nimble if you're going to buy in the market today and need the money within the next 5 years. The NASDAQ has already surpassed Feb highs...New all time high today. Yep, I never said it would stop going up, just saying to be quick on your toes because it won't keep up this pace.
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Re: Blood bath on wall street...my advice..
[Re: TLew]
#7865659
06/09/20 09:05 PM
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Joined: Dec 2005
Posts: 35,409
Guy
OP
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OP
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Posts: 35,409 |
Yep, I never said it would stop going up, just saying to be quick on your toes because it won't keep up this pace.
Nope not me, I buy every pay check and hold. Been doing that for 30 years.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7866253
06/10/20 02:00 PM
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Joined: Aug 2004
Posts: 8,108
J.P. Greeson
the janitor
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the janitor
Joined: Aug 2004
Posts: 8,108 |
I contacted Marc a few days ago about paying up on our bet and he asked me to donate the money to Hudson's education ( https://texashuntingforum.com/forum/ubbthreads.php/topics/7864752/hudson#Post7864752 ). I'll be getting in touch with them and getting a check sent to the family. Well done Marc!
“Wildlife and its habitat cannot speak, so we must and we will.” – Theodore Roosevelt
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Re: Blood bath on wall street...my advice..
[Re: J.P. Greeson]
#7866301
06/10/20 02:40 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
Thanks a bunch for your kindness.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: J.P. Greeson]
#7866458
06/10/20 05:00 PM
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Joined: Aug 2005
Posts: 20,903
Sniper John
gumshoe
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gumshoe
Joined: Aug 2005
Posts: 20,903 |
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Re: Blood bath on wall street...my advice..
[Re: J.P. Greeson]
#7866461
06/10/20 05:03 PM
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Joined: Jan 2016
Posts: 7,759
snake oil
THF Trophy Hunter
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Joined: Jan 2016
Posts: 7,759 |
Just awesome.
"You may all go to hell and I will go to Texas".
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Re: Blood bath on wall street...my advice..
[Re: snake oil]
#7866477
06/10/20 05:15 PM
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Joined: Apr 2013
Posts: 8,318
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,318 |
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867602
06/11/20 07:05 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Posts: 1,862 |
What in blue blazes is going on?! DOW -1666
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Re: Blood bath on wall street...my advice..
[Re: swampthang]
#7867609
06/11/20 07:09 PM
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Joined: Aug 2016
Posts: 8,290
Herbie Hancock
THF Trophy Hunter
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Posts: 8,290 |
What in blue blazes is going on?! DOW -1666 Market scared of that second wave, we are going to see a jump in numbers with everything that has been going on.
It takes beer to make thirst worthwhile - J. Fred Schmidt
The internet is an I.Q. Test, people post their scores in the comment section.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867621
06/11/20 07:33 PM
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Joined: Feb 2008
Posts: 14,098
glens
THF Celebrity
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Joined: Feb 2008
Posts: 14,098 |
Another Bloodbath. Dow Jones Industrial. Close to a 2000 point drop. Almost 7% drop.
Last edited by glens; 06/11/20 07:34 PM.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867623
06/11/20 07:35 PM
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Joined: Jan 2009
Posts: 19,165
Judd
#1 Creedmoor Fan
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#1 Creedmoor Fan
Joined: Jan 2009
Posts: 19,165 |
This ain't blood bath. This is the stock market holding congress hostage for another stimulus bill/package. Still zero talk about 2Q earnings or unemployment rates....that'll be the bloodbath, IF it happens.
Don't let your ears hear what your eyes didn't see, and don't let your mouth say what your heart doesn't feel
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867639
06/11/20 07:55 PM
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Joined: Feb 2008
Posts: 14,098
glens
THF Celebrity
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THF Celebrity
Joined: Feb 2008
Posts: 14,098 |
Naw, this is the big boy Day Traders telling everybody the v has hit a couple days ago, getting the egghead public jumping back in then selling and dragging the profits last night. They will be buying tomorrow or next and the elevator will go up again.
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Re: Blood bath on wall street...my advice..
[Re: glens]
#7867649
06/11/20 08:09 PM
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Joined: Apr 2013
Posts: 8,318
freerange
THF Trophy Hunter
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THF Trophy Hunter
Joined: Apr 2013
Posts: 8,318 |
Im not surprised at all. The guy that I listen to on this stuff has been very surprised its kept oooching up like it has. Didnt think it would go down this fast but figured it was past due. Conservatively betting on the slow climb back up over time.
At some point in life its time to quit chasing the pot of gold and just enjoy the rainbow. FR Keep your gratitude higher than your expectations. RWH
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867704
06/11/20 08:47 PM
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Joined: Nov 2009
Posts: 91,416
bill oxner
THF Celebrity
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THF Celebrity
Joined: Nov 2009
Posts: 91,416 |
I just threw my remote through the TV screen.
Quail hunting is like walking into, and out of a beautiful painting all day long. Gene Hill
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Re: Blood bath on wall street...my advice..
[Re: TLew]
#7867753
06/11/20 09:14 PM
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Joined: Jan 2013
Posts: 3,416
TLew
Veteran Tracker
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Veteran Tracker
Joined: Jan 2013
Posts: 3,416 |
I wish I knew for sure but I'm apprehensive....because 2nd quarter numbers are going to be a bloodbath and not sure the unemployment rate doesn't catch up. I had pulled every thing into bonds back when the dow was at 29k and couldn't make myself click submit. I sit here pondering the same decision at 26k. As Ox would say, bank statement. I'm all for a healthy economy and I want it, however it's not healthy right now and I don't think what you see is a bunch of retail investors. It's mostly quants, trading houses, etc. trying to make short term bucks. Unfortunately, the market will read the right temperature at some point and then maybe we can start to make it healthy again, but layoffs aren't done, Q2 numbers aren't reported, and how can we be so close to the Feb highs if everyone is saying we won't reach FY19Q4 GDP until FY22Q3? Don't know that we will skim the lows of mid-March again, but I would be nimble if you're going to buy in the market today and need the money within the next 5 years. The NASDAQ has already surpassed Feb highs...New all time high today. Yep, I never said it would stop going up, just saying to be quick on your toes because it won't keep up this pace. Bank deposit
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Re: Blood bath on wall street...my advice..
[Re: glens]
#7867812
06/11/20 09:57 PM
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Joined: Dec 2009
Posts: 13,007
bucksnbass357
THF Celebrity
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THF Celebrity
Joined: Dec 2009
Posts: 13,007 |
Naw, this is the big boy Day Traders telling everybody the v has hit a couple days ago, getting the egghead public jumping back in then selling and dragging the profits last night. They will be buying tomorrow or next and the elevator will go up again. This
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867821
06/11/20 10:03 PM
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Joined: Jan 2013
Posts: 19,638
Pitchfork Predator
THF Celebrity
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THF Celebrity
Joined: Jan 2013
Posts: 19,638 |
Pull backs are a normal reaction to bear market cycles breaking resistance....... until good news dominates bad, we will continue to see some bad days..........some will look at them as opportunities........most will sit and watch and wait to be right or wrong about what they think is going to happen.....
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867849
06/11/20 10:26 PM
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Joined: May 2016
Posts: 2,420
yotehater
Veteran Tracker
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Veteran Tracker
Joined: May 2016
Posts: 2,420 |
This like some kind of crazy roller coaster. Hang on and ride it out.
One shot is all it should take.
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Re: Blood bath on wall street...my advice..
[Re: bill oxner]
#7867851
06/11/20 10:28 PM
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Joined: May 2016
Posts: 2,420
yotehater
Veteran Tracker
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Joined: May 2016
Posts: 2,420 |
I just threw my remote through the TV screen. XOM is taking a beating too.
One shot is all it should take.
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Re: Blood bath on wall street...my advice..
[Re: bill oxner]
#7867855
06/11/20 10:29 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
I just threw my remote through the TV screen.
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Re: Blood bath on wall street...my advice..
[Re: Guy]
#7867857
06/11/20 10:33 PM
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Joined: Sep 2004
Posts: 1,862
swampthang
Pro Tracker
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Pro Tracker
Joined: Sep 2004
Posts: 1,862 |
In the words of those great philosophers Blood,Sweat and Tears "What goes up,must come down".
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