- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
yep it is crazy
The Market 2022-2023-2024
- Thread starter Folster
- Start date
elindholm
edited for content
There were only four days in March 2020 when the DJIA's daily change was more than 8% in either direction, and zero days in any other month since 2008.
So goes the Nasdaq as BTC goes though.. especially with margin calls. How much leverage are in those two asset classes!? It's almost incomprehensible, even to me..
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
maybe open to close, but intraday was even wilder than it seems looking back.
- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
I will probably regret it but I was going to buy 85 shares of TQQQ the 3x long nasdaq etf but E trade talked me out of it. You get this long thing you have to acknowledge that says you know you're buying a leveraged ETF, they don't recommend holding overnight etc. by the time I'd got to where I could agree I chickened out.
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
The bond market is dragging the Fed kicking and screaming.
- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
I wound up buying 3 more shares of TSLA. Decided to be safer rather than go for the home run 1 day trade with a 3X etf in case this continues tomorrow.
Ironically executed with 5 minutes left in trading day and then I got a note from Motley Fool that their new recommendation is to buy TSLA.
elindholm
edited for content
Exactly. I'm in a big brokerage name and am holding every sector short. The only sector being charged a short borrowing expense (charged when demand exceeds supply) is currently XLU. It's almost a leading indicator that rates are going down soon. Everyone thinks utilities will tank right now. That's a helluva contrarian signal IMO... I'll be looking for a bottom when I'm routinely getting that SB charge on XLK.Which means they're shorting it.
- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
Which means they're shorting it.
I've actually done quite well with Motley Fool in the past but to be fair when the whole market is going up them picking stocks that go up is not that hard. They are the ones who gave me the buy Shopify. Unfortuanately I sold it way too early because of a short that said it was a scam and have never forgiven myself. But the original buy recommendation was MF Stock Advisor.
I haven't checked their recommendations in awhile because the market is so volatile right now.
elindholm
edited for content
Yeah, I was joking. I think Fool is probably fairly legitimate, but it's not clear how much they have an "institutional" view versus a bunch of writers who may or may not agree with one another. I use Morningstar, which has the advantage of being internally consistent, but the disadvantage that their evaluations tend to be blind to popular sentiment. You can argue all you want that a particular stock is a good buy, but if there's never a critical mass of interest in it, it's not going to go up.
- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
Agreed. They have 2 guys who make the Stock predictions that I get. There are tons of others but I ignore them.
They have done quite well over the last 10 years but then the whole market has I don't really have a baseline for how they perform in a down market
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
Were either of them telling readers to buy energy stocks 6-12 months ago?
- Joined
- May 14, 2002
- Posts
- 87,666
- Reaction score
- 38,955
I don't think so they seem to largely like tech stocks. Which obviously right now looks pretty bad with Nasdaq cratering again
elindholm
edited for content
Energy and utilities have fared reasonably well, all things considered. I'm spread thin everywhere, because that's what I do, but EIX, ENB, ORA, and TEF have all eased a little of the pain. Of course my best performer on the year is LMT.
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
I'm still slightly outperforming the S&P 500 YTD and doing even better against the broader Russell 3000. That's about as much as I can hope for considering the climate.
how's your 200 and 1/2 k?
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
Haha. Doing about the same. Down 10.19% YTD but that does not include today so probably subtract another 3.5%
Some bond protection might keep it a 300 and 2/3rd k. Numbers don't play out as well. Lol
Open door is up 13% after hours. Wth.
elindholm
edited for content
Good earnings report after the close. Even so, I deeply regret ever getting the stock. Probably what will happen is that I'll hold it another few years, finally give up and dump it at a loss, and rue not only the initial investment but not having the conviction to move on sooner.
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
You could always sell it tomorrow. I doubt it holds the gains and it certainly isn't reaching your purchase price any time soon. I don't like realizing a loss, but you could always buy it back after 30 days at a potentially lower price if you still like them long term. If you still have long term conviction then, probably best to hold, but if your thesis regarding their business and/or the housing market has changed then consider parting ways. It's easy for me to say when it's not my money though. I have some OPEN's in my portfolio that I cuss at every day as well.
OP
OP
Folster
ASFN Icon
- Joined
- Jun 23, 2005
- Posts
- 16,822
- Reaction score
- 7,315
You must be registered for see images attach
I thankfully and luckily got out of my TLT long in my 401k just in time. I definitely didn't see this liquidation coming to treasuries coming on so hot like this... But, it's so rapid that I can't see how's it's sustainable from a chart or dollar perspective. Dollar parabolic up, long bond parabolic down doesn't happen on a frequent basis over time..
Similar threads
