Been a good week so far for equities, roo I'm always at least 70% invested so I certainly ain't complainin'. But I haven't put any "dry powder" to work lately. All bear markets have seen impressive rallies only to retest the prior low at some point down the road. I'm still a lil worried about the market's reaction when S&P 500 company's start rolling out those first-quarter earnings reports in the coming weeks ... and other economic data gets released for April...
Well, the boyz (and girlz) at Goldman are bullish... … “Right now is a good time to get back into markets and take advantage of the decline in equity markets to position for the rebound,” Ardagna added. ... https://www.marketwatch.com/story/h...to-do-in-this-market-2020-04-08?mod=home-page
Well, the S&P 500 closed around 2,750 today. Hard to believe after all the recent volatility but … Welcome to your New Bull Market... https://twitter.com/bespokeinvest/status/1247956888592973824
Well, stocks popped again at the open today. Your Dow currently up more than 400 points. Could it be time to stop over-thinking things and go all-in??? Is it time to heed that immortal advice from late Wall Street great Marty Zweig … DON'T FIGHT THE FED... https://www.marketwatch.com/story/f...-support-for-economy-2020-04-09?mod=home-page
Could be a dead cat bounce, who knows. The economic fallout probably will not be known until a month or two from now. If unemployment keeps creeping up, the market may take another downturn. I keep doing the same thing as always: Nothing. In the meantime, 25% of my biweekly paycheck goes into my 401k according to my preset asset allocation. Maybe I am buying some stocks at a discount, or maybe not.
Good to hear from ya, QN Looks like another wild week in coronaland on tap for equities Your Dow futures currently down nearly 300 points...
20% here, I figured it's a good play but I'll admit I'm thoroughly confused how the numbers went up after bad news seemingly every single day. Its baffling
Oops, sorry I didn't respond sooner, didn't realize you had posted. Last week had me nervous, no way this can be the end of the damage, but why is it soaring up? Been buying a few things, but still majority cash and waiting. I suspect Monday will be a down day, will be looking to sell some things I previously bought, and reconsolidate into better positions with more upside. I wouldn't mind some down days to take the pressure off. DJIA nearing 24,000 is too damn close to forcing me back in.
Anybody have specific stocks they have been targeting? I've mostly been in and out of the airlines because I have somewhat decent access to info, interpretations and updates from management which has been slightly helpful. Been picking up small chunks (2-400 shares) of AAL, UAL, LUV, DAL, buying after red days, selling on green. Dumped all of it Thursday mid afternoon, thought I had jumped out prematurely with some of the after hours trading but by this morning it turns out I was right. I'll be up early Tuesday to keep a close eye on the above but I'm likely to just be a watcher Tuesday unless I see a green trend right off the bat.
I'm not really worried about my 401k or other investments. Yeah, they are going down, but I've never been that concerned with temporary rises and dips. I can see the overall trend, and I'm not worried. Definitely not selling right now or trying any day trading. Work wise, I'm one of those lucky ones able to work from home and whose employer is treating them well during all of this. I almost have survivor's guilt.
Your Dow futures are up (largely) this morning. Stocks look poised to extend yesterday's big rally. At this point it looks like THE FED is slaying nasty corona. Like the late great investor Marty Zweig used to say … DON'T FIGHT THE FED! BUT … there is still much destruction and uncertainty in the economy, and we're about to enter that "Sell in May and go away" period for the market … so there could be more selling going forward. Nevertheless, fight that Fed at your own peril...
Investors are feeling confident because they think that the worst is over. Maybe it is, maybe it isn't. If there is a second wave because people are becoming overconfident and start acting stupid again, expect another selloff. Me, I keep buying and holding. I know that I cannot predict the future, so I don't gamble on my ability to do so..
It's been mild, and now that the country is going back to work I'm not looking for a lot more adversity. But I've always been in it for the long run. If you reinvest dividends you got a nice big chunk of stock for your money on the first quarter.
I've liquidated some of my shares cause I don't think we're done yet. There are a lot of small business owners that will be shut on memorial day, and I suspect customer traffic will be less than optimum. Then we have to worry about the Southern hemisphere as they will be under the gone as the season changes. Not to mention the civil war among cartels in Mexico that's probably taken more lives than the coronavirus. My company has pretty much exhausted all its workflow for a month, and hundreds of people are getting axed every week.
The market is forward looking. The re-opening is already built into the price. The question is: How will the re-opening go? If it goes well, stock probably will continue to climb. If it doesn't, expect the opposite. Which one of the two scenarios will play out? I have no idea. That's why I do nothing with respect to my investments.
There were several ways to play the downturn, none of them being wrong, just depends on one's demeanor. Holding through was a safe, simple way to play it. DJI record high was 29,550 in February. Using that as an average benchmark (yes, I understand that is somewhat simplified) for investors in various mutual funds, they will again reach their record highs when the DJIA goes back to 29,550, and that could be several years away. Nothing wrong with holding. The DJIA is currently down about 18% from the February record high. Another play would have been to sell and then buy back. Of course, determining when to buy and when to sell is difficult and certainly adds stress to one's life, and requires much time monitoring the market on a daily basis. At its worst, the DJIA was at 18,000, a 40% drop from record high. Some people got lucky, got out early, say at 27,000, and bought back in at 20,000, and those folks are seeing record highs right now. That strategy isn't for everyone, and does take some luck. But even more significant, there were many investments that were down 60, 70, and 80%. Selling early with some judicious buying of those leaves a person set to make some huge gains. Yes, there is risk involved, and this strategy isn't for everyone, but those are the investors who stand to gain the most. And some of them have already exceeded their record highs. Granted, there will also be some who lose big time when their chosen investments don't pan out. Risk versus reward, depends on one's views. And of course, it is possible to use a mixture of the above. Sell some, hold some, buy back in along the way, and buy some of the investments with huge upsides. None of the above are "right" or "wrong." Just various options in play. I was fortunate to be in correspondence with someone who showed me the possibilities. Lastly, this downturn isn't necessarily over - which leaves the above in play. Perhaps the market will stall at DJIA 24,000, perhaps it will keep going up from there, and perhaps it will crash back down to 15,000 in the next month.
