Stock Market is the bottom in?

[Bill]

Stock market Earnings present. Thanks you Apple an Tesla for splitting
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sweet! I had one bought. But I took my wife with me to pick it up. She said no way I’m ever driving this thing. F/250 is a good vehicle unless you have to put it in a grocery store lot.
got a sweet little GMC now.

I'm not settling the world on fire. Don’t like tech. But I’m holding my own.

I’m the turtle in today’s market. But turtles are cool:).

 

[chummer]

Not sure if I posted it here but I am selling 69 acres of woods in the middle of no where. I had a buyer pre COVID but it dragged out because of lawyers till July. The guy backed out on the day of the closing. I then listed with a company that specializes in selling land and camps. They had many showings the first week and the first guy to walk it signed an offer sheet for full price. I wanted to know if he had any interest in all the deer improvements I made. The answer was “yes but he is retired military and wants to move to a place with no people”. He hit the jackpot. The realtor said they don’t have many listings and city people are buying them up as soon as they hit the market. Good news for me is I walk away with 15k more than the deal that fell apart.

 

[roymunson]

anyone make any money yesterday? I had carnival cruise and spirit airlines. They SHOT up, and I dumped em. Coulda made a little more if I'd timed it right, but yesterday's gains paid for my mule deer hunt in 2022 :D

Now, lets see how many different times I spend that money between now and then.

 

[S.T.Fanatic]

Trump is gonna take this election and the Blue states will all be shutting down. Travel industry is in big trouble.

 

[roymunson]

Trump is gonna take this election and the Blue states will all be shutting down. Travel industry is in big trouble.

You think trump's gonna keep it?

 

[Jordan Selsor]

anyone make any money yesterday? I had carnival cruise and spirit airlines. They SHOT up, and I dumped em. Coulda made a little more if I'd timed it right, but yesterday's gains paid for my mule deer hunt in 2022 :D

Now, lets see how many different times I spend that money between now and then.

Yep sold entire portfolio but held a few good dividend stocks like ATT, MMM an SR.

 

[Jordan Selsor]

Trump is gonna take this election and the Blue states will all be shutting down. Travel industry is in big trouble.

I pray your right my friend...
unbelievable situation this country is in

 

[Tree Spud]

Trump is gonna take this election and the Blue states will all be shutting down. Travel industry is in big trouble.

I want some of whatever you have been smoking ...

 

[chummer]

I had a very good day. My stocks went up 15%in one day. I have some gas and oil stocks that finally had a good couple days. As long as senate stays red market should be fine. I never imagined Trump loosing with the senate staying red. Unfortunately, I put a hefty amount of my 401k rollover into Amazon and a tech fund last week, they got hammered last two days.

 

[Gator]

Yep sold entire portfolio but held a few good dividend stocks like ATT, MMM an SR.

Glad to read that I wasn’t the only one. I didn’t dump everything but I cleaned house pretty well. Not wishing anyone bad or anything but I’m ready for a big turn down to get back in.


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[S.T.Fanatic]

Glad to read that I wasn’t the only one. I didn’t dump everything but I cleaned house pretty well. Not wishing anyone bad or anything but I’m ready for a big turn down to get back in.


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Same. We sold half of our account (which is sizable) a few months back. I’m confident on a big down turn in months to come.


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[Tree Spud]

I love day traders, part of the economic cycle ... just like Vegas looking at their cards every hand ... never could stomach that. That house always wins.

Learned a while ago that when word gets to the average investor to make a move, the institutional guys have already taken the gains. The average guy is left playing the ride down hill.

At the end of the day, it is not what you make, it is what you keep long term

 

[S.T.Fanatic]

If it’s just what you keep long term you’d just put it in a savings account. The biggest problem with savings is it being stolen by the government/economy due to inflation.

If someone wanted to be a day trader, over the past month Amazon has risen and fell $50 per share almost every day the markets were open.


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[Mortenson]

I'm afraid we're stuck for 4 or 8 years with this dikhead. Hope I'm wrong.

 

[roymunson]

I love day traders, part of the economic cycle ... just like Vegas looking at their cards every hand ... never could stomach that. That house always wins.

Learned a while ago that when word gets to the average investor to make a move, the institutional guys have already taken the gains. The average guy is left playing the ride down hill.

At the end of the day, it is not what you make, it is what you keep long term

I totally agree. Thats why my "day trading" is more like a wallet of cash going to vegas. I don't put in more than I can afford to lose. My long term things are all tied up in historically solid mutual funds. I'm in no way smarter than people doing it for a living. But when historically good stocks of solid companies are at 1/3 or 1/4 their 52 week high, I can afford to tinker a little bit.

I won't bet the farm. The farm is bet upon real estate, some boring mutual funds, and my business. I like those chances over the next 20-30 years.

But a little playing around money isn't hte end of the world.

 

[yoderjac]

Here are my thoughts for what they are worth:

Near the end of last year, I thought the market was toppy. When I say market, I'm referring to the S&P 500. When I was young I messed a lot with individual stocks and convinced myself that even professional managers don't consistently beat the S&P over the long haul picking individual stock and I have little chance to do better based on my knowledge. The only folks beating the S&P over the long haul have been guys like buffet, but he does not do it buying stocks, he does it by buying companies and reallocating capital. You need big money to do that.

Since I got over my youthful exuberance I've been simply investing in the S&P through tracking mutual funds or ETFs. I was nearly 100% invested and started slowly moving into cash last Jan. When COVID hit and we got the big market fall, I jumped back in to 100%. I look at the market today and what do I see? I had no idea COVID was going to hit us like it did and I was just fortunate on the timing of moving a percentage to cash. I just knew we were do some kind of correction. Now, here we are. Folks see the light at the end of the tunnel for COVID and we are back at all time highs. Greed has set in again. COVID has done a lot of damage to the economy here and around the globe. It is going to take a long time to deal with that economically. It is going to require big government spending and a relief package. Eventually that needs to be paid for through taxes.

The timing of this is good for me personally. I'm nearing retirement and need to move significantly more into cash. So, for the last couple weeks, I've been moving significant amounts into cash, even more than I need to for retirement purposes.

I think day trading is a fools game. You are doing well if you break even over the long haul. Like the lottery, a few will get lucky but most will loose. In the old days, there were some market inefficiencies that could be exploited but with todays algorithmic trading, that is not for the individual. Market timing in general doesn't work out. I think the best we can do is to look at the big picture and make decisions based on the long-term and our personal needs. As long as I'm working, I can handle big drops in the market. I'll just work another year until it rebounds. Once I retire, things change when it comes to risk tolerance.

For anyone young, the market is a great place to invest. Plan for retirement now, it only gets harder!

Thanks,

Jack

 

[Mortenson]

We're closing on a new farm. Maybe a terrible idea. Seems like safe money until it gets taxed away. Unfortunately no hunting on this new place.

 

[Tree Spud]

We're closing on a new farm. Maybe a terrible idea. Seems like safe money until it gets taxed away. Unfortunately no hunting on this new place.

With looming high inflation, real estate is a good place to put your money especially if it is income producing.

 

[SD51555]

With looming high inflation, real estate is a good place to put your money especially if it is income producing.

There are fears that deflation is coming. Everyone mortgaged themselves up to their eyeballs with the last drop in rates. The fear is that the payments from all the new debt will eat away at discretionary income and cause a demand crash. The covid related property, sales, and state income tax increases haven't hit yet. This happened after 9/11. Next year everyone is gonna get a love letter from their county assessor telling them just how much their home taxes are going up. This will have to be counteracted by perpetual stimulus.

 

[Tree Spud]

There are fears that deflation is coming. Everyone mortgaged themselves up to their eyeballs with the last drop in rates. The fear is that the payments from all the new debt will eat away at discretionary income and cause a demand crash. The covid related property, sales, and state income tax increases haven't hit yet. This happened after 9/11. Next year everyone is gonna get a love letter from their county assessor telling them just how much their home taxes are going up. This will have to be counteracted by perpetual stimulus.

I think the least of anyone's worries are property taxes. Right now non-payment of rental agreements & mortgages, both consumer & commercial, are at an all time high. Bankers will tell you that "loan forebearance" requests are soaring. Forebearance is when payees ask mortgage holders to either reduce payment requirements, or allow for a period of non-payments, before calling the loan due.

Essentially, people/business' who have loan obligations are at a point of near default and are asking the mortgage holders (banks) ... can you trust me to not pay today if i can maybe pay you in the future. They concern becomes that loan payees are hiding and stripping assets from the collateral they promised before banks can seize it.