Stock Market- Investing

[dawg80]

If a democrat wins the WH in 24, you’ll know beyond a shadow of a doubt that the whole process is completely rigged. Biden’s presidency has been an absolute disaster on all fronts. Even Goosey has bailed on him.

Goosey is delusional and misinformed, but he's not totally stupid. He's embarrassed just how awful Biden has been and is hiding out until this horrific period in US history passes. Goosey does know a thing or two about the stock market, so maybe he'll chime in on this thread. Come back, Goosey, I promise not to bring up Biden, since we all know how awful he is as POTUS.

Mortgage rates inched up again, 7.6% I believe it has hit now. And the Fed is saying another interest rate hike is in the offing, probably this quarter. Inflation continues to increase, so the relatively "good" consumerism will be tested, then a recession might occur. I think too many people have continued to spend like they have been used to and just have no clue how bad it is. Saw a pundit on TV, an economist/financial advisor, and he pointed out that there is a sizeable portion of the population, especially young adults, who have known nothing but very low interest rates and "free" money and are spending themselves into financial disaster because they are, well, stupid! Personal bankruptcies are up 61% year over year, as is bankruptcies for small businesses, up 41%. Warren Buffet just released a statement warning the economy is dangerously close to the edge of the cliff and this collapse will be worse than the 2008 mortgage crisis crash.

[FriscoDog]

With China's housing market crashing with over a million empty homes, also two wars being fought with the potential of them expanding, open borders and high possibility of terror attacks on US soil. I moved all of my 401k money to a money market account and plan to keep it there for the next 3-6 months. Just to see how the geopolitical landscape plays out over the next few months.

[FriscoDog]

[dawg80]

Yeppers! those chickens will come home to roost some day. But, the market knows about the national debt and builds that in on a daily basis in conjunction with other news.

We had a "swoon" in September, but October is a...correction? No one is calling it that, but the results sure resemble a correction, albeit a light one. My stock portfolio is down about $80,000 from a peak it hit some 6 months ago, whenever it was. I am still up, overall, though and not the least bit worried about it. In fact, I am nibbling here and there reducing my cost basis on stocks I plan to hold for many, many more years. Others, where I am still in the green, I have already turned off the DRIP and accumulating those dividends in the brokerage's money market accounts for future deployment.

Fortunately, I don't need the money I have invested, so it has become a hobby for me. I just enjoy investing, reading about companies, the market, the economy, how geopolitical events affect the market, the whole ball of wax! BTW, why would anyone want a ball of wax? The pre-market is looking very RED this morning, so more buying opportunities loom ahead. GLTA and happy investing!

[dawg80]

Charlie Munger dead at age 99. Just read a brief biography of him. Pretty interesting.

[dawg80]

Not "buying" (literally and figuratively) the hype of the stock market. Over-zealous reaction to "no news" from the Fed. Powell said nothing, essentially, which the bulls took to mean, well, no bad news must equal good news. This is still a struggling Biden economy, despite all the spin-masters, like the stupid Jared Bernstein who is nothing but a mouthpiece for the Dems, trying to paint a pretty picture. Like how they'll say inflation is under control because prices are down compared to 6 months ago. Yeah, right, but still WAY UP when compared to pre-Biden days. I'm sitting on a ton of cash, not buying the bullish hype.

BTW, have you seen the new graphics of CNBC? OMG! looks like a small child with crayons designed it. The pink and lime green color scheme doesn't work for me. Go back to the old graphics, please.

[dawg80]

Interesting take on how the high interest rates are actually driving inflation. Guest on CNBC just made the point that high interest rates have inflated savings accounts, money market accounts paying 5%+ and the average person not in the stock market is realizing good gains from standard savings accounts and CDs and safe investment vehicles like those and who now have "money to spend." Most folks like this are what we call "renters" which does NOT mean they are necessarily renting an apartment; it means their overall financial approach is to "live in the moment." They get their monthly bank statement and see $hundreds of dollars in a savings account and just have to go spend it! That is providing them with a new income stream most have never seen before and they lack the discipline to build their savings, thus the term "renters."

Given this should the Fed cut interest rates now to curtail inflation? That's what the guest on CNBC advocates.

I too have piled cash into these safe investment vehicles: money market accounts and CDs (just re-upped a 6-month CD locking in 5.4%...yes the shorter-term CDs are paying higher returns than the long-term CDs). Right now such products make sense.

[dawg80]

Market is crashing. Biden/Harris/Dems took credit for a rising market, they won't accept blame for this crash. Probably blame Trump and it will work because of a willing, evil media and stupid voters.

[dawg80]

Many market "experts" are predicting, actually some saying "with certainty" there's a market "crash" or "correction" pending. Well, duh, on the "correction" predictions, that's normal. A 5-10% correction (downward of course) should happen in the next 2-5 months, because history shows this to be a normal part of the market. What constitutes a "crash," 20% down? That is what most market watchers use as the benchmark. I have a pretty good cash reserve, so if a 10% correction or a 20% crash happens, I'm ready to jump in and "buy, buy, buy!"

Another curiosity to me is the reaction of investors on individual stocks given news. Many times a company releases financial statements, GOOD results, and a stock plummets on this "good news." The latest example occurring right now with Smucker's, (SJM), yes, the jelly company. I hold 200 shares of SJM and have been pleased with its overall returns. Experts predicted SJM's quarterly earnings to be $2.19 per share (EPS), the PPS was hovering at $125+ based on this prediction. SJM released its official numbers of EPS of $2.44, wow! way better than the predictions. What happens? The stock plummets, right now trading at below $119 PPS. ????? beats me. As an investor, a holder of SJM stock, if you were concerned about the financial health of the company(based on the $2.19 EPS) then you should have dumped shares when it was at $125+. Instead, you dump on good news?

The stock market functions on two basic inputs: 1) rational analysis of the financial health of a company, an industry, the overall economy (i.e. FACTS), and on 2) totally irrational stupidity! Well, I have learned to profit BIG TIME thanks to that irrational stupidity. So, thankyaverymuch.

GLTA

[dawg80]

Many market "experts" are predicting, actually some saying "with certainty" there's a market "crash" or "correction" pending. Well, duh, on the "correction" predictions, that's normal. A 5-10% correction (downward of course) should happen in the next 2-5 months, because history shows this to be a normal part of the market. What constitutes a "crash," 20% down? That is what most market watchers use as the benchmark. I have a pretty good cash reserve, so if a 10% correction or a 20% crash happens, I'm ready to jump in and "buy, buy, buy!"

Another curiosity to me is the reaction of investors on individual stocks given news. Many times a company releases financial statements, GOOD results, and a stock plummets on this "good news." The latest example occurring right now with Smucker's, (SJM), yes, the jelly company. I hold 200 shares of SJM and have been pleased with its overall returns. Experts predicted SJM's quarterly earnings to be $2.19 per share (EPS), the PPS was hovering at $125+ based on this prediction. SJM released its official numbers of EPS of $2.44, wow! way better than the predictions. What happens? The stock plummets, right now trading at below $119 PPS. ????? beats me. As an investor, a holder of SJM stock, if you were concerned about the financial health of the company(based on the $2.19 EPS) then you should have dumped shares when it was at $125+. Instead, you dump on good news?

The stock market functions on two basic inputs: 1) rational analysis of the financial health of a company, an industry, the overall economy (i.e. FACTS), and on 2) totally irrational stupidity! Well, I have learned to profit BIG TIME thanks to that irrational stupidity. So, thankyaverymuch.

GLTA

SJM is down to $114 PPS. My cost basis is $109. Gets down to that, I'm buying more.

[dawg80]

Bloodshed on the Street! Ya gotta love it!

This is like walking into your favorite store, where you buy regularly, and seeing the whole store marked down, everything on sale. You would fill your shopping cart. Of course, you may hesitate wondering if tomorrow it will be marked down some more. But, buying now is still a good deal.

[dawg80]

Wow! On paper I have lost $42,000 just this morning. On top of the $14,000 loss yesterday.

What’s even more amazing is every one of my 67 holdings is in the red today. Usually my gold stocks/ETFs go up when the market goes down. But not so far today.

Very impressive “correction”. Maybe a mini-crash ☠️☠️

[dawg80]

Wow! On paper I have lost $42,000 just this morning. On top of the $14,000 loss yesterday.

What’s even more amazing is every one of my 67 holdings is in the red today. Usually my gold stocks/ETFs go up when the market goes down. But not so far today.

Very impressive “correction”. Maybe a mini-crash ☠️☠️

Peaked at a $53,000 tank today. Oh well, easy come, easy go!

Not really. Bought a little today and hoping the market will find a bottom next week. But, want to back up the truck first.

[Kevinunsal]

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[dawg80]

Peaked at a $53,000 tank today. Oh well, easy come, easy go!

Not really. Bought a little today and hoping the market will find a bottom next week. But, want to back up the truck first.

Eventually reached $70,000 down, a week after. But now it's all back plus an additional $9,000 to the good. The lamestream media and the democraps were blaming Trump for the big sell-off. Does he get credit for the big rebound?