Rock bottom markets

[Insidious Von]

Quite a bit of blood letting in the equity markets today and it's only just beginning.

This October was one of the worst months since Oct 2012. The markets shoud have stabilized by now but they haven't. The market will lose a quarter of its value by St Patrick's Day. Prepare yourself accordingly.

https://www.economist.com/special-report/2018/10/13/another-economic-downturn-is-just-a-matter-of-time

 

[Smallcock]

Prepare for hard times ahead.

 

[Indiana]

Lucky if it’s only a quarter.

 

[saxon]

If you’re investing for the long term then you look at this as a great way to buy good solid companies at a cheaper price. Just because the markets are tanking doesn’t mean good businesses are suddenly becoming bad ones.

 

[superstar_88]

St Patty's day is 4 months from now

 

[steve bettman]

I started raising cash in 2016 and have sold off roughly half my portfolio. I'm waiting for blood in the streets.

 

[Ceiling Cat]

Quite a bit of blood letting in the equity markets today and it's only just beginning.

This October was one of the worst months since Oct 2012. The markets shoud have stabilized by now but they haven't. The market will lose a quarter of its value by St Patrick's Day. Prepare yourself accordingly.

https://www.economist.com/special-report/2018/10/13/another-economic-downturn-is-just-a-matter-of-time

Von, ( Il Gambero ) Are you still heavily invested in the pecorino market?

Prepare for hard times ahead.

There is money to be made in volatile times.

 

[razor10]

I started raising cash in 2016 and have sold off roughly half my portfolio. I'm waiting for blood in the streets.

Well that was a stupid decision to sell in 2016. You lost out on a lot of $$$. I suppose you will have to keep waiting??

 

[danmand]

Are you tired of winning yet?

 

[steve bettman]

Well that was a stupid decision to sell in 2016. You lost out on a lot of $$$. I suppose you will have to keep waiting??

In retrospect yes, but at the time it was the right move given I was overexposed to equities given my age.

 

[Insidious Von]

Von, ( Il Gambero ) Are you still heavily invested in the pecorino market?


Not anymore. I got bought out when the Norwegians bought Tre Stelle. It's now known as Arla Foods but I'm not involved. I'm now in the Bubba Gump shrimp business.

 

[essguy_]

It’s not rock bottom and the good news is that there are always opportunities up and down. But the days of making gains by simply being invested are over. It will be rock bottom when more people are talking about it.

Down market cycles are so compressed now that you could have a stock market blow off in a short time and then just trade sideways for a year. And if something positive comes out of the G20 and Trump/Xi then there will be a bump up. Just hope that they have Navarro and Ross locked up in a closet somewhere with gag balls so they don’t say something stupid.

For today it’s pre-Thanksgiving, thin trading so I wouldn’t be surprised to see people covering shorts heading into what’s essentially the weekend since Friday will be even thinner than today. With a psychotic Administration and a moronic President who can’t stop tweeting, few people want to be positioned too much on way or the other for four days... LOL.

 

[Zoot Allures]

Well that was a stupid decision to sell in 2016. You lost out on a lot of $$$. I suppose you will have to keep waiting??

For example: You sit in sidelines waiting for a 20% crash meanwhile the market goes up 30%. Market timers lose esp when they a leave fallng market then get back in when it rises. They have just sold low then bought high

 

[superstar_88]

You make it sound like you can time the market perfectly

 

[malata]

sucking milk from the bull can be daunting, but once the bears come pouncing, a bouncy ride is due to correlate with the times

 

[superstar_88]

Well, lookie here. Huge gains today.

 

[Zoot Allures]

Well, lookie here. Huge gains today.

Sold this morning now time to get back in. Sell low buy high theory

 

[Darts]

Keep an eye on interest rates, the housing market and private lenders. People who are declined by the big banks turn to unregulated private lenders to borrow the money to buy their houses.

 

[bmwquay]

Sold this morning now time to get back in. Sell low buy high theory

You really think you can time the market?

 

[Insidious Von]

You make it sound like you can time the market perfectly

I used St Patrick's Day as a benchmark, markets usually recover as the weather gets warmer. I'll be very surprised if the markets are up 30% by then. NASDAQ has taken a severe beating that's starting to look like the Y2K bubble burst. All the major tentpole tech companies are down at least 15%, $9 billion has disappeared in a matter of weeks. They were way over valued from the start.

The biggest losers are what I refer to a "moron tech", tech companies that do not improve quality of life. Investing in Facebook is not the same as investing in DePuy Synthes, of the major RD Medical Technology companies only Cardinal Health is sleeping with bears.