Sanrith Descartes
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Investing General Discussion
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Blazin
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Should get at least another 100 more S&P pts this week or next, test that end of Jan. low. Was starving to death waiting for some fear and volatility. Looking forward to this week, come on scary headlines! Perfect timing to because all my options exp on Friday time to sell March exp.
Furry
🌭🍔🇺🇦✌️SLAVA UKRAINI!✌️🇺🇦🍔🌭
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Still looks like volatility to me. Probably will be a bounce through the week for people who haven't cashed out while it was hot. Staying past this week is definitely entering the danger zone. I didn't predict the slide until march, but we are entering a phase of uncertainty where nobody can predict where the next bad news will pop up.
10-year yield has dropped over 8 BP's tonight to just under 1.39% now. Hell, that 100 pt S&P drop could potentially all come tomorrow. Futures currently showing down 70, DOW down 550.
Sanrith Descartes
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LachiusTZ
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Any big brains have forecasts for housing markets that include corona? Was going to sell my house in April, which looks FUCKED now.
Put all my TSP into the G Fund (put order in Friday, dont think it executed yet tho)
Imo, depends on if your optimistic or not. I'm hesitantly optimistic, so I hope we can avoid the dystopian technocracy. So I'd dump it.
But could easily become chinese social credit score version of one of the credit bureaus.
Ignore everything i say, I dont want any responsibility.
Put all my TSP into the G Fund (put order in Friday, dont think it executed yet tho)
Imo, depends on if your optimistic or not. I'm hesitantly optimistic, so I hope we can avoid the dystopian technocracy. So I'd dump it.
But could easily become chinese social credit score version of one of the credit bureaus.
Ignore everything i say, I dont want any responsibility.
TJT
Mr. Poopybutthole
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If you have a family house summer is always the ideal time to see isn't it? Why can't you sell in April now?
And
Tarrant
I've also never sold a stock before. Ever. No need to sell if you don't need the dinero unless you just think it will burn out or something. I've only lost on like 4 stocks ever and it was all fairly small amounts.- 1
Furry
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TSP is slow as fuck, you should work to roll that shit over to a vanguard or some other 401k plan as fast as you can. Order executed friday is going to go into effect tonight.
And I explained my prediction of the financial fallout here almost a month ago. Who holds most of the retirement money? Old people. Who has a staggeringly higher death% with this disease? Old people. The short term panic is going to be pretty bad, and the dip is not here yet. in my opinion. Mid to late april is when I believe It'll be prudent to buy back in, but expect a lot of chaos this summer.
Generally, I'd stay the fuck away from tech stocks that are service industry like facebook. They are generally set up in ways where they have the potential to implode in these sort of down turns. Service, entertainment, and companies that deal with intangible extra goods are probably the most exposed sector in general this coming year.
And I explained my prediction of the financial fallout here almost a month ago. Who holds most of the retirement money? Old people. Who has a staggeringly higher death% with this disease? Old people. The short term panic is going to be pretty bad, and the dip is not here yet. in my opinion. Mid to late april is when I believe It'll be prudent to buy back in, but expect a lot of chaos this summer.
Generally, I'd stay the fuck away from tech stocks that are service industry like facebook. They are generally set up in ways where they have the potential to implode in these sort of down turns. Service, entertainment, and companies that deal with intangible extra goods are probably the most exposed sector in general this coming year.
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Tarrant
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I've gained enough where if it starts to implode I can get out with some great gains still so I'm not overly worried, but I do wonder about what their ceiling will be at times.
LachiusTZ
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We still talkin' about TLSA?
Its warm outside today. Climate change is real.
Lol, grats tho. I thought about doing some options on Tesla, but the fucking cost was so high I didnt want to risk it. Its exceptionally volatile tho, so if you can handle the risk its prolly as good as any for it.
If you have a family house summer is always the ideal time to see isn't it? Why can't you sell in April now?
And
Concerned this corona thing is going to make the economy stutter, and drop demand for housing etc.
Furry
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Fidelity decided to have some "technical issues" today and people couldn't log in. I'm sure there clients will be fully understanding that these things just sometimes happen now and then on a crash day. There might be one random lawsuit at the most.
As bad as it looks over here, eurozone is getting hit harder. I think we'll see some bounce back from this, but I don't think we'll go over 29k again before we a slide. Who knows, perhaps.
As bad as it looks over here, eurozone is getting hit harder. I think we'll see some bounce back from this, but I don't think we'll go over 29k again before we a slide. Who knows, perhaps.
One of my graduate professors was a prominent researcher in economic psychology. They studied the frequency with which people interact with their investments compared to their satisfaction with the outcomes and performance. There's a sweet spot at about 2x per year. Don't neglect your assets, but check in no more than every few months to make sure you're not drifting from your target diversification ratios. Daily tinkerers did the worst and felt the worst about it.
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Sanrith Descartes
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QQQ bounced off support at the 50 DMA at midday. I was watching to see if it would plow through. Curious to see what the overnight brings. I bet the Plunge Protection Team's gonna be busy tonight.