Down goes the Dow

Markets are going up... Was that bottom really THE bottom? Or a dead cat bounce? Would seem very surprising to me if we recovered back to all time highs any time soon, but what do I know.

Computer Geek wrote:

Markets are going up... Was that bottom really THE bottom? Or a dead cat bounce? Would seem very surprising to me if we recovered back to all time highs any time soon, but what do I know.

The S&P 500 is at the same value it was in late August 2021 ... just five months ago. That is short-term ... meaning if you cashed out during the last five months your paying a higher tax rate.

Stop looking at the DOW. People get overly exciting watching it on a daily, or hourly, basis.

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.

I should have known that was a sell signal for SARK.

Uh-oh...feels like enthusiasm is waning.

Picked up some BASF and other things this morning.

Chalet is a no-go, I was hopeful.

ToTheMoon wrote:

Ghost of Igloi wrote:

Not likely, possibly never. Crypto is a scam.

Geez you old guys never learn.............good luck with that stance.

Old Guys = backed by five thousand years of financial history

Youthful Naive Guys = backed by five years of the greatest financial bubble in history

Who needs the luck?

I had hoped to move into some Canadian stocks today, but it looks like today’s falling USD edged up prices. Will wait for a (possibly slightly) better opportunity.

Close 26 mins away. Had I decided to buy back into trbcx today, I would have missed out on 3.76% + _.__%, we will see in a few hours.

Most likely I might not have even decided to buy today.

The absolute pain of mf’s.

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.

Or years... or weeks. If you're relatively young I think it makes sense to have a single-digit percentage of your portfolio in cryptos. If it goes down, no big deal. If it goes to the moon, you don't miss out.

shorts getting taught the same lesson they should have learned a long time ago: do not short this market when the VIX is around 30.

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.

😷

on the cane- it depends on the size of your holes in the chair, and then there is a chart which registers it to the right size cane

Let me know if any questions

Hardloper wrote:

ToTheMoon wrote:

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

Or years... or weeks. If you're relatively young I think it makes sense to have a single-digit percentage of your portfolio in cryptos. If it goes down, no big deal. If it goes to the moon, you don't miss out.

agreed. But what the hell - look at today in the market, look at Friday. Look at the last year. Who needs crypto?

seattle prattle wrote:

Hardloper wrote:

Or years... or weeks. If you're relatively young I think it makes sense to have a single-digit percentage of your portfolio in cryptos. If it goes down, no big deal. If it goes to the moon, you don't miss out.

agreed. But what the hell - look at today in the market, look at Friday. Look at the last year. Who needs crypto?

People who want diversification in something with high potential upside beyond just publicly-traded stocks

Friday ramp into close, good Monday...almost as good as VIX 35.

seattle prattle wrote:

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.

😷

on the cane- it depends on the size of your holes in the chair, and then there is a chart which registers it to the right size cane

Let me know if any questions

Seattle,

Measured previous to 2.0mm and finishing binding to 4.0mm. Holes were small so I believe I need smaller material. Thanks.

Igy

investing noob wrote:

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.

I should have known that was a sell signal for SARK.

Lol, you should have known? No one knows.

I’d just stop with your gambling with your 1% of your money. You’re caring more about 1% of your net worth and not even caring about the other 99%.

agip wrote:

shorts getting taught the same lesson they should have learned a long time ago: do not short this market when the VIX is around 30.

It’s risky to short after market is already in correction.

Well, risky to short anytime as it’s hard to predict the market in short term.

Computer Geek wrote:

Markets are going up... Was that bottom really THE bottom? Or a dead cat bounce? Would seem very surprising to me if we recovered back to all time highs any time soon, but what do I know.

No one knows.

Twostitch wrote:

investing noob wrote:

I should have known that was a sell signal for SARK.

Lol, you should have known? No one knows.

I’d just stop with your gambling with your 1% of your money. You’re caring more about 1% of your net worth and not even caring about the other 99%.

I'll probably sell tomorrow if ARKK keeps pumping. Still up 18% now. It's a fun hedge.

seattle prattle wrote:

Hardloper wrote:

Or years... or weeks. If you're relatively young I think it makes sense to have a single-digit percentage of your portfolio in cryptos. If it goes down, no big deal. If it goes to the moon, you don't miss out.

agreed. But what the hell - look at today in the market, look at Friday. Look at the last year. Who needs crypto?

When I bought last year, stocks were down and crypto went to the moon. It was fun to watch it pump on weekends and holidays when the market was closed too. Crypto and stocks didn't move together like they do now.

Down 15.8% now.

Ghost of Igloi wrote:

ToTheMoon wrote:

Geez you old guys never learn.............good luck with that stance.

Old Guys = backed by five thousand years of financial history

Youthful Naive Guys = backed by five years of the greatest financial bubble in history

Who needs the luck?

Everyone is backed by all of financial history, not just old guys. Though I’m not sure how much of that is relevant to crypto.