The stock market

[Mike Sixel]

Looks like Citron is going to knock down Shopify in the coming months again although the link to the promised future report is just the same article. Yahoo finance bugs me sometimes.

 

https://finance.yahoo.com/news/why-investors-want-believe-shopify-180850867.html

Then buy it when it drops for no good reason. Or don't, I am just an internet poster, not an advisor

[Mike Sixel]

For those that like funds, I am a big fan of ROBO....

[Mike Sixel]

 

Bitcoin about to hit $10,000, good for a 1000% return over the last 12 months (3000% return on some of the "shares" i bought)

Nvidia at $215

Still time to hop on both gravy trains!

 

they make it hard to give them money!

[Mike Sixel]

Tech stocks taking a major bath today. There will be sales later today and tomorrow. Of course, if you trade on Fidelity, good luck with that.....

 

Seriously. NVIDIA is not going anywhere......and they just dropped over 7%. Think of it as a XMAS sale on stock prices.....

[gunnarthor]

This article made me chuckle. https://splinternews.com/hey-idiots-youre-gonna-lose-all-your-money-on-bitcoin-1820805131

 

 

[Mike Sixel]

 

This article made me chuckle. https://splinternews.com/hey-idiots-youre-gonna-lose-all-your-money-on-bitcoin-1820805131

 

people keep typing this, and it keeps going up. I can't wait for the futures market to start....

[gunnarthor]

We bought a small amount of AT&T for our IRAs. They seem like one of the big winners in the ****ty tax plan so ....  

[Mike Sixel]

Looks like my tiny bet on litecoin is about to go from 300% up to in the red! Glad I didn't bet more. Otoh.... Even though they laid me off, UNH keeps on returning money for me. That's much more important.

[glunn]

 

Looks like my tiny bet on litecoin is about to go from 300% up to in the red! Glad I didn't bet more. Otoh.... Even though they laid me off, UNH keeps on returning money for me. That's much more important.

[ashbury]

What causes bubbles is that in each case the people investing say "oh, but these aren't tulips."

[Mike Sixel]

Ouch.....today is a good reminder that I actually need a job.....

[gunnarthor]

 

Ouch.....today is a good reminder that I actually need a job.....

Yeah, rough day. 

[Mike Sixel]

 

Yeah, rough day. 

 

especially if you hold UNH.....and NVIDIA as your two largest holdings.....whatever. I don't need that money for years. I hope.

[gunnarthor]

Part of me actually hopes the market does poorly in 2018 because then the GOP will be less likely to hold the House and Senate. Of course, part of me holds big banks and big oil so I'm a bit of hypocrite.  

[gunnarthor]

 

Part of me actually hopes the market does poorly in 2018 because then the GOP will be less likely to hold the House and Senate. Of course, part of me holds big banks and big oil so I'm a bit of hypocrite.  

Uff-da. Maybe I should have wished for Yvonne Strahovski ...

[Badsmerf]

This is impressive.... I don't have any money besides my 401k and Roth in the market now, so this doesn't affect me too much. I am going to start a few 529 plans soon though.

[Mike Sixel]

 

This is impressive.... I don't have any money besides my 401k and Roth in the market now, so this doesn't affect me too much. I am going to start a few 529 plans soon though.

 

Crazy drops considering how everyone is reporting huge earnings. If I had a job and cash....I'd be feeling good about buying in a week or two, once the dust settles. 

[Badsmerf]

Crazy drops considering how everyone is reporting huge earnings. If I had a job and cash....I'd be feeling good about buying in a week or two, once the dust settles.

If I had cash...

[gunnarthor]

Today sucked. I don't think we've "lost" that much in one day since 08. Wells Fargo had a very bad day.

 

Not sure I'd jump into the market too soon. I think some of this is value correction and it might make sense to wait to see since this bull market has been going pretty long. Fortunately, I don't have a lot of cash on hand anyway. 

[ashbury]

Those with cash might make some money on a dead-cat bounce, at least as long as they are nimble and can get back out fast

[glunn]

 

Those with cash might make some money on a dead-cat bounce, at least as long as they are nimble and can get back out fast

You believe that the cat is dying? Maybe this is merely a fur ball?

[ashbury]

You believe that the cat is dying? Maybe this is merely a fur ball?

It wasn't that long ago when I detailed my attempt to market-time the dotcom bubble ca 2000. So I'm not going there again - I'm just offering a cautious counterpoint -  all that glisters is not gold, and not all that bounces is still alive.

 

There is, however, a lot of money to be made in volatility. I'm just not expert enough to do it.

[Mike Sixel]

If I had executed my plan this morning, I'd have made a lot of money. Instead, I did what the experts say, and held my position and lost a fortune.

[ashbury]

Dow futures are apparently down another 1000 at the moment. The cat could still bounce, but right now it's just lying there.

 

This still isn't into 10% "correction" territory yet, I should add. The numbers are just so huge anymore.

[Mike Sixel]

Dow futures are apparently down another 1000 at the moment. The cat could still bounce, but right now it's just lying there.

 

This still isn't into 10% "correction" territory yet, I should add. The numbers are just so huge anymore.

It's much worse than 10 for me! Anyone got a job they need filled?

[glunn]

 

If I had executed my plan this morning, I'd have made a lot of money. Instead, I did what the experts say, and held my position and lost a fortune.

Please let us know the next time you have a plan.    I have a diversified portfolio and even some of the fixed income got fried.

 

I suspect/hope that you were up today. My sense is that the market will probably come back by the end of the year, but I continue to hedge with covered calls. I tried to buy back all my covered calls from the moment that the market opened today, but could not get my limit prices, even on Wells Fargo (which stinks for other reasons). My takeaway is the the people who are long on calls expect the market to come back. 

[Mike Sixel]

Definitely up today. Could have been better, or worse. I shouldn't complainxi have more saved than most. I am more having a conversation here....

[Badsmerf]

How hard is it to become a day trader at home? What are good books to read to begin learning about the market and all the intricacies? I watched the dirty money episode on valeant and becoming Warren buffet, now I'm intrigued how people making a living doing this. I'm a math major, so numbers and equations fit in with my skills. I'm not ready to start dabbling yet, but in a few years I might be. Mike, we could start a hedge fund with your money lol.

[Mike Sixel]

 

How hard is it to become a day trader at home? What are good books to read to begin learning about the market and all the intricacies? I watched the dirty money episode on valeant and becoming Warren buffet, now I'm intrigued how people making a living doing this. I'm a math major, so numbers and equations fit in with my skills. I'm not ready to start dabbling yet, but in a few years I might be. Mike, we could start a hedge fund with your money lol.

 

funny guy!

 

I've thought about doing some day trading, but have not done it. When I act, I am often wrong, when I have a plan and don't act, I often wish I had.

 

When I got laid off, I did think about taking around 20K or so, and day trading with it, but I have not done so. Been trying to write a decent novel....and traveling a lot. Now that I'm home for some time, and am in rewriting and looking for some work, maybe I should day trade. But, day trading is a JOB, and a risky one at that. It's not something to sort of do....

[ashbury]

You believe that the cat is dying? Maybe this is merely a fur ball?

Paging Dr Glunn, Paging Dr Glunn, another 1K drop, the cat is lying motionless again, defibrillator paddles STAT!