Stock Market/Investing

[Leomaz]

How about this perspective?

What has the recent recession taught us? It's taught us that no matter what bad shit happens, the market wants to run upward no matter what. Just like the charts that shows stock market appreciation since 1929 has been upward (depression WW2, 87 recession, 2000 dot com bust, 2008 recession, 2020 Covid burst). No matter what happens the market rebounds. So then why get out and try to time a re-entry point?

Regardless if trump is in office?

 

[ijustposthere]

DOW up another 1.7% today. S&P now has all the gains back it lost. Nasdaq all time high. How much further can it keep going? Things seem a bit euphoric, makes me wanna sell

I'm selling my position in NKLA tomorrow. No fucking way a 150% one day jump is sustainable lol.

 

[knoxville7]

How about this perspective?

What has the recent recession taught us? It's taught us that no matter what bad shit happens, the market wants to run upward no matter what. Just like the charts that shows stock market appreciation since 1929 has been upward (depression WW2, 87 recession, 2000 dot com bust, 2008 recession, 2020 Covid burst). No matter what happens the market rebounds. So then why get out and try to time a re-entry point?

trying to time the market is impossible, I agree with you on that. But, if someone has a strong conviction that the market is heading for a dark downturn, then it’s fine to sell some, not all, of your portfolio and adding to cash on the sidelines to have ready to re deploy upon the drop.

 

[knoxville7]

I'm selling my position in NKLA tomorrow. No fucking way a 150% one day jump is sustainable lol.

I would think that to be a solid idea. 4 employees, with a market cap of 30 billion...wild

 

[ijustposthere]

I would think that to be a solid idea. 4 employees, with a market cap of 30 billion...wild

I was actually going to be in for the long term, but after yesterday, no thanks. I took my money and ran. They're still trying to get off the ground. The spec paid off for me. Maybe if it comes down to a reasonable level, but they really don't even have a product yet.

 

[knoxville7]

I was actually going to be in for the long term, but after yesterday, no thanks. I took my money and ran. They're still trying to get off the ground. The spec paid off for me. Maybe if it comes down to a reasonable level, but they really don't even have a product yet.

exactly, it could end up being an amazing company and investment long term. But, in the short term...taking those massive profits and waiting for it to dip back to reality, should be a prudent move no doubt

 

[Omeletpants]

trying to time the market is impossible, I agree with you on that. But, if someone has a strong conviction that the market is heading for a dark downturn, then it’s fine to sell some, not all, of your portfolio and adding to cash on the sidelines to have ready to re deploy upon the drop.

My buddy said the same thing and almost pulled out of the markets 3 weeks ago. Yesterday, said he was glad he stayed cause in those 3 weeks he make $1.5M

 

[knoxville7]

My buddy said the same thing and almost pulled out of the markets 3 weeks ago. Yesterday, said he was glad he stayed cause in those 3 weeks he make $1.5M

right, what you’re describing is an emotional decision. What I’m talking about is a well thought out, rational decision based on fundamentals. People are getting a bit too bullish for my liking. I liked it more a couple months ago when everyone hated the stock market and I was quietly buying up stocks at prices that will never be seen again. Just saying it’s probably getting close to time to quietly sell off some stock while everyone else is gobbling it up. “Sell when others are euphoric, and buy when others are fearful.”

 

[Omeletpants]

For me, I'm confused. I'm a hold type guy but have been tempted to sell off. But then my advisor at Vanguard send me 3 paragraphs and talks me off the ledge. None of the recent market reaction makes any sense

 

[Omeletpants]

right, what you’re describing is an emotional decision. What I’m talking about is a well thought out, rational decision based on fundamentals. People are getting a bit too bullish for my liking. I liked it more a couple months ago when everyone hated the stock market and I was quietly buying up stocks at prices that will never be seen again. Just saying it’s probably getting close to time to quietly sell off some stock while everyone else is gobbling it up. “Sell when others are euphoric, and buy when others are fearful.”

OK, but does that still beat a long term hold strategy considering 100 years of data? You still have to guess on a re-entry point

 

[knoxville7]

OK, but does that still beat a long term hold strategy considering 100 years of data? You still have to guess on a re-entry point

true...and as long as your re entry point is lower than your exit level...it’s a win to some degree or another.

 

[ijustposthere]

Dropping like a rock today

 

[knoxville7]

Dropping like a rock today

yep, almost like it was pretty clear it was coming. Whether we get a 2nd wave of covid or not is going to decide things in the short term

 

[ijustposthere]

yep, almost like it was pretty clear it was coming. Whether we get a 2nd wave of covid or not is going to decide things in the short term

Perfect timing for me. I was putting in my standard Roth deposit for tomorrow's session.

 

[Hawkeye OG]

I've had a string of luck of the last few months.

CCL around 8.50
BYND around 60
DAL around 22

Doubled my money on CCL/BYND and sold DAL around 30. I want nothing to do with cruise lines or airlines at this point but I made some quick money. Kept half of my BYND for the time.

Not a huge fan of this day trading shit, but damn I've been lucky. Moved most of my profits into my passive accounts for now. I'm out for the time until i see how the market reacts to Q2 earnings.

 

[ijustposthere]

I've had a string of luck of the last few months.

CCL around 8.50
BYND around 60
DAL around 22

Doubled my money on CCL/BYND and sold DAL around 30. I want nothing to do with cruise lines or airlines at this point but I made some quick money. Kept half of my BYND for the time.

Not a huge fan of this day trading shit, but damn I've been lucky. Moved most of my profits into my passive accounts for now. I'm out for the time until i see how the market reacts to Q2 earnings.

All my long term accounts are up fairly sizably because I got in a lot of that shit at the low in March. My plan was never quick cash, it was more of an entry point. I had one spec pay off real nice, and the only thing I have that I eventually plan on selling is Boeing. I got that at under $125 on average. I just have too small of an amount of shares to make any big difference though. If it drops under $150 again, I'll probably use the cash I made on NKLA to really load up there.

 

[knoxville7]

Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoil

We used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts.

www.cnbc.com

chewy getting some love...price target of $62

@ijustposthere you got some too, right?

 

[ijustposthere]

Wall Street's best-performing analysts like these 5 stocks right now amid the market turmoil

We used TipRanks analyst ranking service to pinpoint Wall Street's best-performing analysts.

www.cnbc.com

chewy getting some love...price target of $62

@ijustposthere you got some too, right?

Not anymore. I only had a couple shares and decided to take that and a couple other things and consolidate it into Boeing.

 

[knoxville7]

http://instagr.am/p/CBV0VhEg_UO/
jerome powell is the ?

 

[ijustposthere]

http://instagr.am/p/CBV0VhEg_UO/
jerome powell is the ?

Is this good or bad though? Are we just pushing the inevitable down the line?