Anybody Buying Yet? Where’s the Bottom?

[seeth07]

A 9.5% jump in the S&P 500.....

This IS why I don't day trade. I don't have connections and insider knowledge to make a quick million off my 10 million.....

It sure if fun to try though

 

[NDGuy]

 

[TOGIE]

the unpredictability is just as bad as the tariffs, maybe worse on some levels.

and yeah, still a radically different tariff environment than two months ago. 10% across the board, 25% on on our neighbors, and a hundred and some whatever on china is nothing to sneeze at.

the continued commodity sell off is bad news. little to be optimistic about in the big picture, i think we're far from the bottom.

 

[seeth07]

View attachment 367634

not yet. It has been a choppy day for sure. Just when you see it rebounding, it starts to go down again.

 

[Wildabeest]

Just when you see it rebounding, it starts to go down again.

 

[406dn]

I predict a flat day. I'm remaining neutral tonight and not touching anything. In other words I'm taking my money and running while watching the show

I guess you could call it a flat day.

I'd call it a reflection of the steady leadership and messaging from the WH.

 

[mevertsen]

Didn't someone in this thread say that some of the best days in the markets happen during a bear market?

Looks like yesterday may shape out to be one of those days.

Will be interesting to see where this ride ends up.

 

[stealthy_bowman]

Didn't someone in this thread say that some of the best days in the markets happen during a bear market?

Looks like yesterday may shape out to be one of those days.

Will be interesting to see where this ride ends up.

Even during the Great Depression there were significant market rallies.
Unfortunately, none of this downward volatility will end until the lunatic at the helm is out of office permanently.

 

[Treeshark]

I enjoy this thread, but the political stuff is going to be the end of it if we don’t have a bit more self control.

 

[mtmiller]

Entirely politically driven market. Difficult to get around that.

 

[Treeshark]

May we be witnessing the biggest two-day swing of all time?

 

[Treeshark]

Entirely politically driven market. Difficult to get around that.

I’m not saying you’re wrong, but it’s not that difficult to resist making the political potshots.

 

[cgasner1]

Entirely politically driven market. Difficult to get around that.

To some degree yes it is. I still think a portion of it is the big boys taking money again. I mean talking about tariffs is one thing but yesterday someone posted about a random republican sexually assaulting a minor. I doubt that had a effect on the dow

 

[Matthew57]

My coworker has been crowing that he timed the bottom perfectly yesterday. As days like today show, i'm not so sure. When the market is mostly driven by the president's social media account who the heck knows what's going to happen.

 

[brymoore]

The drop was tariff based and then China’s tariff was raised to 145%. Market is down 5% due to potential long term effects tariffs.

Market will jump once the trade war with China is resolved or T blinks again.

 

[Treeshark]

Market will jump once the trade war with China is resolved or T blinks again.

Agreed. But when?

As we saw yesterday and today, guessing wrong by even a day could be catastrophic for an individual investor.

This level of volatility is not good.

 

[406dn]

Agreed. But when?

As we saw yesterday and today, guessing wrong by even a day could be catastrophic for an individual investor.

Which is why I am very much a buy and hold sort of investor. I have made a few moves that made me some decent returns. Some years ago, Target reported disappointing earnings and dropped 17% that day. I bought a 1000 shares the next morning. Three years later, I sold them at triple the purchase price.

I think the average amount of time I hold a stock is something more than five years.

I know several coworkers who day traded away their retirement account. It is seductive to think you are smarter than the market. I try to place more faith, that over a decent span of time, a good business is going to grow its earnings.

 

[Wildabeest]

The next tranche of DOGE cuts will be the govt employees day trading during work hours.

 

[Matthew57]

Which is why I am very much a buy and hold sort of investor. I have made a few moves that made me some decent returns. Some years ago, Target reported disappointing earnings and dropped 17% that day. I bought a 1000 shares the next morning. Three years later, I sold them at triple the purchase price.

I think the average amount of time I hold a stock is something more than five years.

I know several coworkers who day traded away their retirement account. It is seductive to think you are smarter than the market. I try to place more faith, that over a decent span of time, a good business is going to grow its earnings.

Couldn’t agree more

 

[Treeshark]

I know several coworkers who day traded away their retirement account.

I had a girlfriend in college whose dad pissed her college money away doing the same thing.