ncsupack1 said:

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Werewolf said:

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You and i are cool, as far as I'm concerned

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Same.

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You two get a room lol

Japan's market rebounded, so well see what happens. Dont think youll be able to tell how its going to go for a bit either way

jkpackfan said:

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ncsupack1 said:

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Werewolf said:

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You and i are cool, as far as I'm concerned

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Same.

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You two get a room lol

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Yeah, we don't need to see this!

Werewolf said:

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ncsupack1 said:

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Today was bad for the market. I'm in the wait and see.

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Maybe Warren should check with you?

Buffett Calls The Top: Berkshire Quietly Dumps Half Its Apple Shares Amid Unprecedented Selling Spree https://t.co/ErtN9aHyin

— zerohedge (@zerohedge) August 3, 2024

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. lol, Berkshire quietly dumps Apple position. They sent out a press release man!

institutions bought the dip.

we'll see if it can recover and then rally from here.

cautiously optimistic.

Any dips you're buying?

Nvidia, Amazon, and Motley Fool 100 ETF. Bought those yesterday.

eta oh and Bitcoin though I wish I had bought some ETH

Oldsouljer said:

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ncsupack1 said:

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Today was bad for the market. I'm in the wait and see.

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Same. The plunge protection team likely didn't go out of business. Who knows…maybe we'll yet have a Civ landing.

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Small rally today.

ncsupack1 said:

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Oldsouljer said:

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ncsupack1 said:

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Today was bad for the market. I'm in the wait and see.

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Same. The plunge protection team likely didn't go out of business. Who knows…maybe we'll yet have a Civ landing.

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Small rally today.

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Might have been a bear market relief rally, the next few days should reveal more. To answer Wolf howl and speaking purely for myself, I'm not ready to try and catch a falling knife. I'll let the bolder folk do that.

Actually, I might have been right about the relief rally but maybe wrong about the bear market…..yet. The reason? The Bank of Japan rescinded their rate hike almost as fast as their market crashed, which means they have lost control and are at the mercy of our Fed, which now has a bit more breathing room, so watch our stocks rally hard this week. As for Japan, they've made their choice between extreme deflation and hyperinflation, and it's not going to be the former. Our turn will come in due course, likely after the election.

Thanks for sharing. Interesting stuff.

I also wonder how much of the panic was caused by Iran. General consensus was that an attack was coming on Monday and nothing happened

FlossyDFlynt said:

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I also wonder how much of the panic was caused by Iran. General consensus was that an attack was coming on Monday and nothing happened

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Could be related.

Yen carry trade unwinding. AI overvaluations. Uncertain geopolitical risk. A lot can go wrong. I think the Fed is going to try hard to rescue the Biden administration in the next two months.

Tech companies across the board are laying off people and this rally the last year has been driven by tech. The move down could potentially go very fast.

GrillOut said:

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Yen carry trade unwinding. AI overvaluations. Uncertain geopolitical risk. A lot can go wrong. I think the Fed is going to try hard to rescue the Biden administration in the next two months.

Tech companies across the board are laying off people and this rally the last year has been driven by tech. The move down could potentially go very fast.

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The rally that started yesterday has quite a cliff to climb, sorta like the Rangers at Pointe du Hoc, to repair the technical damage. The next two trading session and early next week should reveal quite a bit.

ncsualum05 said:

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Hey I don't check into this board all the time but I've commented on some of the political threads. We need to have an ongoing investment thread. Maybe we can turn this into that even though it was started regarding Monday's crash.

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I like that idea, I'd give you more than one star if I could. Btw, I may have to amend my last comment, this rally is looking to me more like a classic bull trap. Depending on how it closes today, tomorrow or Friday may be the trap door for the next down leg, despite that there is still at least one upside gap waiting to be filled.

I'm very torn right now. Part of me really wants to buy but it could definitely be a trap. Sometimes after a crash you have a quick bounce only to bleed back down where you were. I'm not real great at knowing where markets are heading... I have very basic TA skills.. .I can read a chart but not near as intuitively as some. The market does appear to be repeating very similarly the pattern last year of topping in mid July and then having a big correction before big rally in October through end of year. Seems like the 4th quarter and 1st quarter is most up action tends to be.

ncsualum05 said:

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I'm very torn right now. Part of me really wants to buy but it could definitely be a trap. Sometimes after a crash you have a quick bounce only to bleed back down where you were. I'm not real great at knowing where markets are heading... I have very basic TA skills.. .I can read a chart but not near as intuitively as some. The market does appear to be repeating very similarly the pattern last year of topping in mid July and then having a big correction before big rally in October through end of year. Seems like the 4th quarter and 1st quarter is most up action tends to be.

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I look at charts more intuitively than with technical charting ability…some patterns, many in fact, are very opaque to me, and some I can look at and say Buy! Or Sell! At the moment, I'm very risk-off and I became that way well before this past week's action. Basically, I like value and the price of stocks these days is too rich for my blood.

upbeat data has the markets doing well today. I think the market just needed some good news.

Nvidia earnings the 28th could be huge.

erniencsu02 said:

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upbeat data has the markets doing well today. I think the market just needed some good news.

Nvidia earnings the 18th could be huge.

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Maybe. Today's rally hasn't really recouped a lot of last week's losses and that still looks like a bull trap formation on the charts. Another 2-3 trading sessions should reveal the direction. I have a little $ in the indices in case the rally is longer lasting, but I'm not committing a chunk. I still think it's shaky.

I think you can safely buy back in now if you've been worried.

Small Caps through the new year is a granny shot. Could go up about 40% between now and then. IWM etf is a good one.

The dollar is about to crash and the reason is that the Fed panicked on August 2nd when stocks threatened to crash. It had to be one or the other and the Fed, predictably, chose inflation.

https://stockcharts.com/sc3/ui/?s=%24HUI

Any forthcoming rate cut may temporarily boost the markets and is unlikely to forestall any recession, but….

It's rocket fuel for mining stocks…they are ready to run higher.

Bumped to keep this thread going. Alright guys so it's been a weird August. Bumpy ride for sure. I expect September to be painful at times. Usually quarter 4 is awesome and I kind of expect it will be again.... although the election uncertainty could change that.

I'm in the middle of a move right now just got a new house and am furnishing it as well as doing some painting and electrical work. That means my portfolio is going down as I'm liquidating some to get this done... however hopefully I can get back to saving and investing more next year once this is all done.

I do have cash sitting in account while waiting to pay vendors and I did take 2 option trades this week. Sold 3 puts on NVDL at a $59 strike and collected $1k premium then sold 3 puts on TQQQ this morning for another $230 premium. I thought I would take advantage of NVDA volatility for some short term cash.... all those contracts expire tomorrow. I don't buy options... I just sell them for now but got into it this year so still relatively new.

Hey Storm, what's going to happen if the Feds cut the rates? If we see a 1/2 point cut, that could cause the Real Estate market to go up, right?

Buyers are looking for a CapRate... Sellers will know this and be able to raise their selling price; provided, they have a strong tenant, with lower interest rates, right?

caryking said:

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Hey Storm, what's going to happen if the Feds cut the rates? If we see a 1/2 point cut, that could cause the Real Estate market to go up, right?

Buyers are looking for a CapRate... Sellers will know this and be able to raise their selling price; provided, they have a strong tenant, with lower interest rates, right?

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Not necessarily. Even 8% Cap Rates (traditionally considered "automatic buy" in my market) have been sitting, because the cost of borrowing money has been too great for Buyers... I don't think a 1/2 point cut changes a whole lot in regard to pricing, but hopefully it will bring some small degree of borderline Investment Buyers back into the market.

TheStorm said:

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caryking said:

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Hey Storm, what's going to happen if the Feds cut the rates? If we see a 1/2 point cut, that could cause the Real Estate market to go up, right?

Buyers are looking for a CapRate... Sellers will know this and be able to raise their selling price; provided, they have a strong tenant, with lower interest rates, right?

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Not necessarily. Even 8% Cap Rates (traditionally considered "automatic buy" in my market) have been sitting, because the cost of borrowing money has been too great for Buyers... I don't think a 1/2 point cut changes a whole lot in regard to pricing, but hopefully it will bring some small degree of borderline Investment Buyers back into the market.

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If a decline becomes severe, I imagine there'll be a lot of cuts, maybe in short order. Looking at today's markets, Mr. Bear seems to have had mercy on investors long on the indices and gave them a second chance to sell out unscathed….if they were smart enough to pull out when a double-top became established a few days back. But now, it looks like the next wave down is commencing.

What's up with this reoccurrence.

Warren Buffett sells more Bank of America shares, reaping $982 million $BAC $BRK-B #Warren Buffett sold an additional $982 million of Bank of America Corp. stock as his conglomerate continues to shrink its investment in the second-largest US bank.

His #Berkshire Hathaway Inc.… pic.twitter.com/4X5vg8hukr

— Markets Today (@marketsday) August 28, 2024

Good question, Buffett used to famously say never, when asked when he should sell his stock picks. That said, took another look at the SP500 and the Russell 2000 charts tonight….tomorrow could be bloody. The SP500 looks like it's hanging from a cliff by its fingertips.

A puzzle more complex than we can understand at the moment.

Posing a question that could be related:

What would happen if several machines that print US Dollars were stolen and repositioned around the globe. Subsequently, these stolen print presses were put into operation and printed trillions of these dollars which were then stored on pallets and prepositioned around the planet for later use. What would happen if all of these trillions of dollars were released over a handful of days?

Better hang on, gonna be a wild ride.

By the way, I understand there is more US printed currency in existence outside of the United States than inside. I guess this makes sense after contemplating it.

Werewolf said:

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By the way, I understand there is more US printed currency in existence outside of the United States than inside. I guess this makes sense after contemplating it.

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That I do not know. What I do know is that this past month marks 51 consecutive months of inflation rising MoM….whomever thought we'd achieved a soft landing, is dead wrong. Soft or most likely not, that landing is yet to come.

Oldsouljer said:

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Werewolf said:

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By the way, I understand there is more US printed currency in existence outside of the United States than inside. I guess this makes sense after contemplating it.

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That I do not know. What I do know is that this past month marks 51 consecutive months of inflation rising MoM….whomever thought we'd achieved a soft landing, is dead wrong. Soft or most likely not, that landing is yet to come.

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sooner rather than later.

Here comes the funny money, just in time to save the tottering stock market, the election for the communists, and unleash a new round of inflation.
https://www.zerohedge.com/markets/fomc-19