This Week's Big Sale on Wall Street

Jan 6, 2012
3,903
3,042
113
#2
mail.jpg

Dear XXXX,

We are happy to inform you that your order XXXX has been processed and a FedEx Label has been created.

Next. We will package your items securely in a non-descriptive box and hand it over to FedEx as soon as possible.

DUE TO A HIGH VOLUME OF INCOMING ORDERS,PLEASE NOTE THAT IT CAN TAKE UP TO 2-3 BUSINESS DAYS BEFORE THE ORDER LEAVES OUR WAREHOUSE.



I'm on the Army Jerry Investment Plan.
 

Tucker301

Groundskeeper
Staff member
Feb 13, 2015
7,158
4,000
113
Southern VA
#7
I wouldn't be buying unless I was adding to a pre set timed contribution, which it looks like you are already doing.
Kind of. I don't make structured routine contributions. Instead I accumulate excess cash throughout the year, waiting for events such as this week. When I think things are about near the bottom of the dip I make all or part of my annual contribution goals while it's on sale. So far, and I've been doing this for years, it's worked well for me. I've got about five more years to be risky, then I'll take what I have and sink it into safer places.
 
Feb 13, 2017
3,242
3,080
113
Camano Island, Washington
#8
View attachment 6954981

Dear XXXX,

We are happy to inform you that your order XXXX has been processed and a FedEx Label has been created.

Next. We will package your items securely in a non-descriptive box and hand it over to FedEx as soon as possible.

DUE TO A HIGH VOLUME OF INCOMING ORDERS,PLEASE NOTE THAT IT CAN TAKE UP TO 2-3 BUSINESS DAYS BEFORE THE ORDER LEAVES OUR WAREHOUSE.



I'm on the Army Jerry Investment Plan.
It's getting to be a push financially as to whether it makes sense to reload or buy new 9mm & .45. The cost of bulk bullets needs to come down.
 

Darkside-Six

My Dixie Wrecked
Oct 8, 2013
2,822
83
48
#9
Haven’t been buying but have been making a ton of money shorting and Options puts. Thought we could possible see a rebound today but good thing I stayed patient cause the market really got choppy. One thing I’ve learned from times like these is don’t try to “find the bottom” you’ll drive yourself crazy. Wait for a clear direction and then buy and you’ll save a ton of stress. However with the fact we’re now getting in to 4Q earnings season things may rebound nicely when they move.
 

mijp5

Gunny Sergeant
May 7, 2009
4,765
1,934
113
#11
Kind of. I don't make structured routine contributions. Instead I accumulate excess cash throughout the year, waiting for events such as this week. When I think things are about near the bottom of the dip I make all or part of my annual contribution goals while it's on sale. So far, and I've been doing this for years, it's worked well for me. I've got about five more years to be risky, then I'll take what I have and sink it into safer places.
I think a 5% drop is a good time to add to any long haul position. The key is to keep enough ammo for another meltdown that could take the S&P to 2000. With structured contributions, you have plenty of that so I think you are good.

If you were asking me for a one time entry or a trade, I would say it is a complete gamble, although I am very biased to the negative. This market is long overdue for a cyclical move down for a while.
 

FS1

Unbalanced
Mar 24, 2014
2,229
1,895
113
Earth
#13
The FED is trying to cool down the economy. The same FED that gave Obama near zero rates. They are being very aggressive. But the bright side is earnings season is upon us. Earnings look to be very good. Which will cause folks to say "why did I sell that".

Most of the current losses are stocks that tomorrow could be regulated or abandoned by folks wanting privacy. Or the Healthcare Cartel. Sure its all down but some should not be. Find those and buy Those.
 
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mijp5

Gunny Sergeant
May 7, 2009
4,765
1,934
113
#14
Most indices and individual stocks have already priced in optimistic earnings. It's the new environment of higher interest rates which are going to slow things down for a while, and might even start a major correction. Remember, we haven't seen interest rates worth a damn since the early 2000s.
 
Likes: splean

truth

pewpewpew
Sep 19, 2009
398
65
28
Seabeck, WA
#15
The FED is trying to cool down the economy. The same FED that gave Obama near zero rates. They are being very aggressive. But the bright side is earnings season is upon us. Earnings look to be very good. Which will cause folks to say "why did I sell that".

Most of the current losses are stocks that tomorrow could be regulated or abandoned by folks wanting privacy. Or the Healthcare Cartel. Sure its all down but some should not be. Find those and buy Those.
The equity markets do not equal the economy. Interest rates have been artificially low for far too long. Low rates inflate equity prices as the high valuations make sense only in light of poor returns on T-notes. Fed dropped rates to avoid the meltdown the Bush admin handed Obama. It's fact, not some vast conspiracy. Had the bubble burst 2 years earlier they would have done the exact same thing. Raising rates is long overdue, as is a major correction in the equity markets. Debt should have a price and lending should be profitable.
 

FS1

Unbalanced
Mar 24, 2014
2,229
1,895
113
Earth
#16
The equity markets do not equal the economy. Interest rates have been artificially low for far too long. Low rates inflate equity prices as the high valuations make sense only in light of poor returns on T-notes. Fed dropped rates to avoid the meltdown the Bush admin handed Obama. It's fact, not some vast conspiracy. Had the bubble burst 2 years earlier they would have done the exact same thing. Raising rates is long overdue, as is a major correction in the equity markets. Debt should have a price and lending should be profitable.
I know rates must go up and I know why they went down. My point was Obama's Economy got a free ride. Rates should have been going up two or three years before Trump. Now they want Trump to suck it up fast. It's destabilizing the way they are doing it. The Markets are a Casino but they are "The Casino" the pot always seems to get bigger. Because everyone wants to play.
 
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mijp5

Gunny Sergeant
May 7, 2009
4,765
1,934
113
#17
I know rates must go up and I know why they went down. My point was Obama's Economy got a free ride. Rates should have been going up two or three years before Trump. Now they want Trump to suck it up fast. It's destabilizing the way they are doing it. The Markets are a Casino but they are "The Casino" the pot always seems to get bigger. Because everyone wants to play.
Bush got a free ride too. Greenspan swung with one arm while proclaiming to be a believer in no intervention. Rates got sliced and diced all throughout 2001 and then 9-11 happened and they cut another point overnight. Ffwd to 2008 and you all know what happened there. The Big Short summarizes it very nicely if you haven’t seen it
 
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Darkside-Six

My Dixie Wrecked
Oct 8, 2013
2,822
83
48
#19
Obama’s economy got s free ride because it was a shit economy. Yeah he did ok but it’s not like it is now. The dip over the least week isn’t because of the rates. It was a needed correction. The market will consolidate for a day or two and then start its rebound.
 

pmclaine

Gunny Sergeant
Nov 6, 2011
7,421
4,014
113
50
MA
#23
Sorry guys my fault.

Ive been thinking for awhile I need to put some money into my bond fund and this past Sunday I rebalanced my deferred comp fund getting rid of one of those stupid retirement date managed funds and splitting it 75/25 bonds/Large Cap. About $18K moved to at just the right time I figure, but not such a big move that when we bounce back off of this Ill be able to make more money.

Ive got 7-10 years left and just thinking its time to start skimming the profits and putting them into less risky investments.

I agree that the Fed protected Obama. Not so much in allowing the economy to heat up with low interest rates because there was nothing to cause the economy to heat up but in allowing him to spend like a drunken sailor while not having to have the interest payments exceed GDP. Trump has his own spending problem and should pay heed.

Under Obama we had a false economy and even at present interest rates we have a false economy.

Its admission our money is worthless. Just paper we circulate around in trade so devalued banks wont even pay you two percent for letting them use it.

The savings and secure investment arena has been trashed as a gift to the evil Wall Street people LIz Warren rails against. In exchange Im sure that their is a kick back to the Dem party.

The exact people the Dems claim to look out for are the ones most hurt by this.

Seniors are having to ride the stock market instead of putting life savings in CDs or safe interest bearing accounts/bonds.

Even at present rates things like mortgages are fantastically priced. In 2007 I think I had a 6.25%/30, now Im down to a ridiculous 3.25/15. Ask your parents about 18%/30 and see how they like our current 5+/-.

It has to happen in order to get us back on solid ground.

It has to be managed carefully though because the debt and the artificially low rates is just one of those booby traps Obama set that was ensured to go off in someone elses face an make them look like shit or.....

Had Hillary won it would have been the financial crises that required gov take over individual 401Ks or require confiscatory taxes in order to meet "the emergency" that no one saw coming and was Bushes fault.

I actually look forward to buying a Cd and getting 5% or having a savings account make money.

Good time to pay down your credit cards though. Dont let that anchor crush you.
 

pmclaine

Gunny Sergeant
Nov 6, 2011
7,421
4,014
113
50
MA
#24
The equity markets do not equal the economy. Interest rates have been artificially low for far too long. Low rates inflate equity prices as the high valuations make sense only in light of poor returns on T-notes. Fed dropped rates to avoid the meltdown the Bush admin handed Obama. It's fact, not some vast conspiracy. Had the bubble burst 2 years earlier they would have done the exact same thing. Raising rates is long overdue, as is a major correction in the equity markets. Debt should have a price and lending should be profitable.
The meltdown would have been better off being allowed to melt down.

Too big to fail was a crime.

Any business that was going to fail should hev been allowed to fail for their fiscal irresponsibility.

Guys like Barney Frank should have been brought on the carpet for their policies of requiring social justice to outweigh sound business practice.

Nature abhors a vaccuum.

1-2 years of allowing these failures would have been some tough medicine but new businesses, better run, would have taken up the opportunities and recreated the economy.

Fuck GMC and the theft that occurred from preferred stock holders. I can live with Ford being the only domestic car producer. Even that debacle became a political hit job as car dealerships with owners that supported conservatives ended up being the ones that the restructured GM shut down.

Too big to fail and Obamacare were the hog tie on the economy only to be released in 2017.
 
Feb 13, 2017
3,242
3,080
113
Camano Island, Washington
#28
The markets are WAYYYYY overbought. Protect yourself with Stops......on everything.
Ignore him. He's heavily invested in plastics.

View attachment 6955050
Internet winner of the week !...........'effin' Fantabulous !.......:ROFLMAO::ROFLMAO::ROFLMAO:

Her name is "Pam", right ?

Oh........and he still can't build a proper spinning lure, right ?

Tuck; I hate to put it in this vernacular.......but, can you make a "sticky" out of the jailer and Pam ? (I know I shouldn't have said that.......)
 
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Aug 21, 2012
3,469
787
113
Chicagostan
#31
I inadvertently hit this downturn well, but on the other side of it.

A very close friend ended up in a massive jam that money could actually solve. Precious few of life's ass-kickings can be fixed with money so I sold off some of my non-qualified account on Monday and we were able to call this morning and stop the folks in big trucks from showing up tomorrow to start carrying his shit away.

If I had been forced to make that phone call one day or even a few hours later I'd have potentially had to discuss some form of capital loss "fee" in the repayment agreement, but I sold at exactly the right moment and am content to have invested it in a good family.
 

Darkside-Six

My Dixie Wrecked
Oct 8, 2013
2,822
83
48
#32
I inadvertently hit this downturn well, but on the other side of it.

A very close friend ended up in a massive jam that money could actually solve. Precious few of life's ass-kickings can be fixed with money so I sold off some of my non-qualified account on Monday and we were able to call this morning and stop the folks in big trucks from showing up tomorrow to start carrying his shit away.

If I had been forced to make that phone call one day or even a few hours later I'd have potentially had to discuss some form of capital loss "fee" in the repayment agreement, but I sold at exactly the right moment and am content to have invested it in a good family.
That’s awesome to hear man! Good on you.
 

Darkside-Six

My Dixie Wrecked
Oct 8, 2013
2,822
83
48
#34
Thanks buddy, I appreciate it. (Hopefully) There's still a world where men can shake hands and help each other out.

I hope all is well up your way? I do not miss those 9 months of Northern Fall / Winter / Fake Spring.
Where you at now? You back down in Alabama?
 

ArmyJerry

Staff Sergeant
Nov 22, 2012
6,270
5,447
113
#35
I do both, I dumped in 200k today. the last of my rainy day opportunity cash. I am betting on Trump. The street is betting on Hilary (Fed) still.


Kind of. I don't make structured routine contributions. Instead I accumulate excess cash throughout the year, waiting for events such as this week. When I think things are about near the bottom of the dip I make all or part of my annual contribution goals while it's on sale. So far, and I've been doing this for years, it's worked well for me. I've got about five more years to be risky, then I'll take what I have and sink it into safer places.
 

mtrmn

Sergeant
Oct 7, 2009
882
124
43
57
Louisiana
#36
The meltdown would have been better off being allowed to melt down.

Too big to fail was a crime.

Any business that was going to fail should hev been allowed to fail for their fiscal irresponsibility.

Guys like Barney Frank should have been brought on the carpet buried up to their shoulders and had a bush hog slowly lowered down on them for their policies of requiring social justice to outweigh sound business practice.

Sorry but I just had to.....:)
 
Likes: ArmyJerry

Nik H

Constantly Learning
Jan 22, 2014
3,969
1,833
113
Rhode Island
#38
I do both, I dumped in 200k today. the last of my rainy day opportunity cash. I am betting on Trump. The street is betting on Hilary (Fed) still.
I hope you and Tucker are right. I have far less money than either of you so I am careful with it. All my cash is opportunity cash. I don't really have a speculative slush fund. I personally believe there will be money to be made but we have not seen the bottom. I got out last January within a few points of the peak. Liquidated all equities and bonds. Sitting on cash. Didn't think I would be sitting on cash this long.

The market still has not gone past the Jan 2018 peak by more than a couple of %. And we have a new slide starting. The fundamentals are incredibly gloomy. It will be a while before we see daylight again. The outcome of the midterms will definitely have an affect
 

pmclaine

Gunny Sergeant
Nov 6, 2011
7,421
4,014
113
50
MA
#39
Yes the midterms matter immensely.

China is being broken like a spoiled child that has been catered to for too long and will soon realize there is discipline in the world.

Of course doing so would be better if we avoid the abuses we accuse them of. Reality is we wont make much of a dent in how they take advantage of our regulations but it will be a first in a long time.

Elections will determine if that continues or do we revert to awarding bad behavior.

We are living a period of exuberance. It cant last.

Repatriated money will work its way through the system, people will settle in with their new money and hopefully the economy can attain a level of "steady strength".

We need people that manage this shit to think long term not short term.
 
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Nik H

Constantly Learning
Jan 22, 2014
3,969
1,833
113
Rhode Island
#41
My play is pretty basic. If you have enough time the markets always come back and go higher. Always.
That is true and is the basis of the dollar cost averaging mode of investment strategy. In normal times where the threat of a correction is low, it is the method I follow. However, in situations like this...not so much. Conservative methods must be used. I made a lot over the last couple of years and I intend to keep it.

Moreover, time is not my friend. I hope to retire within 10 years and I can't risk a correction wiping out what I worked hard to earn and then wait for it to come back.
 

pmclaine

Gunny Sergeant
Nov 6, 2011
7,421
4,014
113
50
MA
#42
We will see 17K again and politically it will be sold as a disaster.

If we see 7K again than it will actually be a disaster.

but than again is it really?

Its just a paper theft of wealth.

Sure I have a 401K but what does it do for me RIGHT NOW.

I couldnt buy a burger with it if I wanted to.

Still what it represents for my future and state of mind is important.

Its more psychological wealth than real wealth.
 

Nik H

Constantly Learning
Jan 22, 2014
3,969
1,833
113
Rhode Island
#43
It is more psychological until you need it for day to day living. Then it isn't.

I am at least fortunate that my wife is entering the working world in a year. We will for the first time have two incomes. I hated being the sole breadwinner but raising the children properly was more important.
 

308pirate

Gunny Sergeant
Apr 25, 2017
3,893
1,394
113
#45
Obama’s economy got s free ride because it was a shit economy. Yeah he did ok but it’s not like it is now. The dip over the least week isn’t because of the rates. It was a needed correction. The market will consolidate for a day or two and then start its rebound.
100 pct correct
 

Fig

Janitor of the Hide
Mar 15, 2018
1,992
2,903
113
The Most Dangerous City in the USA
#46
The equity markets do not equal the economy. Interest rates have been artificially low for far too long. Low rates inflate equity prices as the high valuations make sense only in light of poor returns on T-notes. Fed dropped rates to avoid the meltdown the Bush admin handed Obama. It's fact, not some vast conspiracy. Had the bubble burst 2 years earlier they would have done the exact same thing. Raising rates is long overdue, as is a major correction in the equity markets. Debt should have a price and lending should be profitable.
You are an idiot. You're NYT summary is remedial, and your causality nothing but leftist, political bullshit. In order to hold the views you do you have to ignore massive anomalies in the system created by ignorant, Democrat policy. Typical leftist bullshit sprinkled with a smidgeon of real, free market nomenclature.

You're an economist only in your own mind.
 
Likes: 308pirate

308pirate

Gunny Sergeant
Apr 25, 2017
3,893
1,394
113
#47
It is more psychological until you need it for day to day living. Then it isn't.

I am at least fortunate that my wife is entering the working world in a year. We will for the first time have two incomes. I hated being the sole breadwinner but raising the children properly was more important.
Same here. Went from DINKs to dual income with kid to me being the main (by a large margin) earner. Wife does tax accounting from home and that mostly goes to pay for private education. Two more years kid goes to university.
 

Fig

Janitor of the Hide
Mar 15, 2018
1,992
2,903
113
The Most Dangerous City in the USA
#48
I know rates must go up and I know why they went down. My point was Obama's Economy got a free ride. Rates should have been going up two or three years before Trump. Now they want Trump to suck it up fast. It's destabilizing the way they are doing it. The Markets are a Casino but they are "The Casino" the pot always seems to get bigger. Because everyone wants to play.
Clinton did too. The "Clinton Economy" was nothing but the dawn of the internet, and the rise of the NASDAQ. He had nothing to do with it other than he backed the fuck off and did not try to regulate his (our) good fortune our of existence.

I don't give a fuck who tried to take credit. The fact is that the only people who can legitimately take credit are the ones who do nothing to fuck it up. Obama was the worst economic President ever because, like all leftist totalitarians, he tried to control our economy. Trump, like Reagan, may be the best ever because he's undoing all the damage Obama did by rolling back all the retarded regulations and red tape that stifles an economy.

It IS very simple. Too bad it only works when it's in the service of ones ideology..., that is unless you are a free market capitalist, in which case the same simple shit works all the time, and the politicians either screw it up, or leave it alone. It's not in the DNA of a leftist to leave it alone. They're not happy unless they're hurting someone and/or telling someone what to do.
 
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