Down goes the Dow

I'm down -19% on crypto now. I regret buying in the fall. FOMO got the best of me. Just have to hold forever now, hopefully I break even in 3-4 years.

seattle prattle wrote:

Igy, there are two types of caning, one is done string by string, fed through holes around the perimeter, and the other allows a pre-made pice to be laid in and the perimeter strip secures it. I think the one with the holes is more authentic, and the other is something of a shortcut.

The one i had was the ones with the holes and you string each strand one at a time, eventually weaving the later strands up and under the previous ones.

If the thing is old and original, it would probably be of that type with the individual holes drilled around the perimeter.

Good luck.

Seattle, You are correct on it being the weave strands through hole type. The sheet cane would not work. I watched a video that gave you all you needed. I’ll keep you posted.

Igy

Maser wrote:Get real gente. You’re better than this.

Don’t want to put words in gente’s mouth, but I read that post as him giving you props for making astute moves.

Lol there is also my fabulous trbcx this year.

Astute, indeed.

If it doesn't work out, the quote i got was about $2.25 per hole for the going rate here, and that would be the cost per hole times the total number of holes around the chair.

My thoughts on bitcoin - take the losses and watch for the stock market low as a point of entry. I say that only because I consider the stock market far superior in every respect regarding ability to achieve sustainable appreciation of assets.

Early morning futures showing choppy waters ahead again today. Probably this means the DOW dipping and then swinging back up 1200 points to close the day. :-)

I agree. Might be some buying opportunities today, but I’m busy today trying to pry that chalet I missed out on, away from its existing owner. I think it might work.

Maser wrote:

I agree. Might be some buying opportunities today, but I’m busy today trying to pry that chalet I missed out on, away from its existing owner. I think it might work.

A Swiss chalet? Challenge him to a ski race. Winner gets rights to the property. I'll race in your stead if you aren't feeling confident enough although I'm more of an tricks and flips skier than a downhill racer

SP500:

5% up from the lows last week

7.5% down from the highs in December

so we are somewhere in the middle.

This type of action can kill people.

My trbcx was up 3.76% on Friday. It is a mutual fund, so nav only settles after close.

It is the only mf I have ever had, iirc. Had I soldnit and planned to re-buy because no wash sale in 401k, no way would I have bought back in on Thursday, and therefore no way would I have captured Friday’s 4% gain. That would have been a huge loss on the way “back up”. Similarly I probably would not have bought back in today, believing the rate of gain to have been unsustainable and a retracement to occur after the end of the month.

We’ll see what happens today/this week, but it strikes me that this b&h mentality would apply particularly to such illiquid mf’s.

Prof. Racket wrote:

Maser wrote:

I agree. Might be some buying opportunities today, but I’m busy today trying to pry that chalet I missed out on, away from its existing owner. I think it might work.

A Swiss chalet? Challenge him to a ski race. Winner gets rights to the property. I'll race in your stead if you aren't feeling confident enough although I'm more of an tricks and flips skier than a downhill racer

French alps. Honestly there are some nice places in Schweiz, esp ski places—but compared to where we are in France, the on-mountain food there SUCKS.

Also the Swiss side (a brief walk away) can be vastly more expensive.

I am trying to buy a cane repair kit on Amazon. 2.0mm or 2.5mm?

Oh, the travails of a peasant.

😷

investing noob wrote:

I'm down -19% on crypto now. I regret buying in the fall. FOMO got the best of me. Just have to hold forever now, hopefully I break even in 3-4 years.

You will break even in 3-4 months, just be patient.

ToTheMoon wrote:

investing noob wrote:

I'm down -19% on crypto now. I regret buying in the fall. FOMO got the best of me. Just have to hold forever now, hopefully I break even in 3-4 years.

You will break even in 3-4 months, just be patient.

Not likely, possibly never. Crypto is a scam.

Ghost of Igloi wrote:

I am trying to buy a cane repair kit on Amazon. 2.0mm or 2.5mm?

Oh, the travails of a peasant.

😷

Oh yeah? In between everything else, I’m trying to find shoelaces that look ok on a pair of shoes, but that won’t come undone. High-level stuff.

Go Euro, no socks or laces…..

😹

ARKK up around 12% since Cramer seemed to sour on it.

totally bottom ticked it.

although it's not clear exactly what cramer meant, if anything. he might have just been putting on show with props.

agip wrote:

ARKK up around 12% since Cramer seemed to sour on it.

totally bottom ticked it.

although it's not clear exactly what cramer meant, if anything. he might have just been putting on show with props.

The thing is - a lot of those dumb pure speculation "innovation" companies did OK before the pandemic when rates were around 2%. I think there will still be an appetite for that until rates get higher than 1.5 or 2%.

We're going from 0% to like 1% by end of year. Not a huge deal in the grand scheme of things. Money is still basically free for the time being

The Fed has your back, then they don’t have your back, but everything is still fine. Double talk.