Down goes the Dow

My retirement is 30% cash. 5% commidity ETFs. I’m holding until we drop another 10-15% Then I’ll slowly add. I have at least 15 years before I can withdraw any money. I do add just over $2K per month in my 401K, including the company match.

Outside retirement, no equities except partial ownership in a few private companies. I have one rental condo occupied by family, which I will likely sell once they no longer have a need for it.

Staying away from tech with no earnings and focusing on value companies. So hard to time this stuff. Some will get lucky, maybe a fraction of a percent can time it well, the rest of us just need to be cautious and play the long game. I think we are in for more short term pain.

All eight indexes on our world watch list posted losses through March 7, 2022. The top performer is London's FTSE 100 with a YTD loss of 5.76%. Hong Kong's Hang Seng is in second with a loss of 7.33%, and India's BSE SENSEX is in third with a loss of 9.29%. Coming in last is Germany's DAXK with a loss of 19.42% YTD.

TSX and TSX 60 both up a little on the year, not yet 1% but close.

SARK +48.76%

HSGFX. +13.11%

😉

SQQQ +73.1% on the year

Just saying...

Good job. I have traded in and out of leveraged ETFs. I am accumulating emerging market closed end fund EMD as a long term hold.

Anyone sell the rip today, or are we all thinking it's rainbows and unicorns from here on...?

Sold most of my shorts yesterday, and reloaded today. Rise in market gave me no opportunities to buy EMD.

I'm still betting against US equity markets, reduced exposure to S&P 500 by selling about a third of VOO holdings. I think there's still a lot of room to fall. If I'm wrong, boy will I have egg on my face! :-D

Lack of posting on this thread tells you all you need to know. It ain’t fun or easy anymore.

AMZN trying their best to goose the markets today?

It ain’t working well. Several weeks ago a poster was lamenting missing AMZN under $3,000, well now is the chance pre or post split. :-)

Guess who’s coming to dinner:

wsj.com

Amazon Board Approves 20-for-1 Stock Split, $10 Billion Share Repurchase

Denny Jacob

The tech giant says said the split will make the share price more accessible for potential investors and will allow employees more flexibility in managing stock-based compensation.

Link:www.wsj.com/articles/amazon-board-appr...

Cue Igy rant, and gente wank.😂

Oops I see I was too late for Igy.

As I have been saying about wanting to get into uranium, bought among other things Sprott Uranium trust, then it jacked up a few %. Was really tempted to sell, but didn’t. Was only a first buy, anyway. Go Kazakhstan, lol

Have been quiet on here because I have been super busy.

Maybe it has something to do with you blocking so many posters?

I didn't sell anything, but I also do not expect things to rise up from here. There will be volatility, but I don't expect to see 4600 again for at least several months, and it wouldn't surprise me at all if we we see 3900 sometime in the next 90 days. Of course I'm just some guy, but I don't really see anything at present that justifies any sustained upswing. If anything I think the Russia situation just keeps looking more terrifying. Putin does not seem to be someone willing to back down and retreat and apologize at this point in his life... What does someone like that do when the whole world has turned against him? There is a REAL risk of this conflict escalating into something very, very bad. Probably won't happen, but the possibility is there.

I don’t think so. The pandemic has increased the demand for technology for businesses, schools, etc. This should have a positive effect on the tech sector.

Well, maybe, but I'm with Igy on this, hence my continued (for now anyway) bet against US tech with a small but meaningful (to me) position in SQQQ, which is currently up ~ 55% YTD. If tech continues its current slide (QQQ is down nearly 17% YTD, with strong downward momentum) SQQQ will continue being a money printing machine. Of course, when things eventually turn around (who knows when that will be? I think a few months or more, but it could happen today), SQQQ will start to turn my money into ash. :-)