jryoung
Well-known member
The Signal crew need to have a discussion about going all in on PLTR for DoD software and add in Jim Cramer on the chat.
Anybody Buying Yet? Where’s the Bottom?
- Thread starter NEWHunter
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The Signal crew need to have a discussion about going all in on PLTR for DoD software and add in Jim Cramer on the chat.
Thought this is a well written article for current times. Whether agree or disagree with my own opinions, this holds quality content.
Nick87
Well-known member
Miss those days.
NDGuy
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I know it gets old hearing "this time it's different" but I am skeptical we are in for big green days ahead. Regardless of your opinions on what the US gov is up to being good or bad, the very foundation of the world economy is being shook. I am going to be cautious and hold more cash than normal for the forseeable future. Worldwide, folks are reconsidering how they do business with the US. I work for a very large company in the S&P and can attest to things being sketchy as it's hard to do business when policies change with the wind and agreements can be torn up the next administration.
The article steps into the theme you're expressing as well. I know many don't read links to articles others share though this is not geared to support or oppose my own shared thoughts. It's a blunt reality of the current times. Give it a read, if you care to do so.
Interesting market read.
Trump makes global announcement on tariffs and this is the market reaction:
apnews.com
Maybe tomorrow? Personally, I moved my TSP to G 75% and I 25% a month ago and continued my TSP 22% + 5% gov bi-weekly contribution into C and S to catch as it drops for some good value purchases...
In a sense, securing my bulk money from potential heavy splash back from tariffs while buying into and through the dip. At least that is what I thought would happen.
Well fo-shizzle! WTF? Haha!
Trump makes global announcement on tariffs and this is the market reaction:
Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars
President Donald Trump is imposing a 10% baseline tax on imports from all countries and even higher tariff rates on dozens of nations that run trade surpluses with the United States.
apnews.com
Maybe tomorrow? Personally, I moved my TSP to G 75% and I 25% a month ago and continued my TSP 22% + 5% gov bi-weekly contribution into C and S to catch as it drops for some good value purchases...
In a sense, securing my bulk money from potential heavy splash back from tariffs while buying into and through the dip. At least that is what I thought would happen.
Well fo-shizzle! WTF? Haha!
npaden
Well-known member
Futures market agrees with you but the previous 2 days the futures have been down overnight but then the market has moved up during the session.
NDGuy
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4% drop since close. My NVDA put should be up 200% tomorrow
I would have expected a drop matching more than a soft down day for the market.... Max is NASDAQ @ 2.3 Aftermarket? I must have captured the market just before the down turn.
Well, looks like my actions played well then for the G and I fund for my current $ and forward moving, nice lower priced buys on C and S through this dip.
npaden
Well-known member
Thinking about buying some TQQQ today. Would like to make my Roth IRA contribution but I have to back door it through a traditional and not sure it is going to make it in time before things start to rebound.
SD_Prairie_Goat
Well-known member
Expecting a pretty quick bounce?
NDGuy
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npaden
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It's mind boggling that this was a surprise. How was it not already priced in. I think the bad orange man ended up being a little softer than I expected. Not sure how this was a surprise since he has been saying this is coming since his first day in office.
BuzzH
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#winning...more winning to follow.
SD_Prairie_Goat
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Curious how you define quick? Less than a week if you don't think you can roll quick enough?
npaden
Well-known member
I think there will be a bounce back in the morning but I could be wrong. I think there will be some improvement throughout the day.
I generally never try to time the market but this makes me want to throw some play money at it.
I generally never try to time the market but this makes me want to throw some play money at it.
SAJ-99
Well-known member
Because it is economic suicide. You can't "price that in". It was supposed to be a threat for negotiations. Clearly not enough countries came to Mar-a-Lago with a checkbook to grovel for an exception. Besset is doing the media rounds trying to justify it and no one is buying it with markets down 3-4%. Lutnik was also sent out, but nothing but nonsense came out of his mouth.
Keep in mind that probably 80-90% of the US citizens don't know what is going on right now. They don't watch markets or check their retirement portfolios every day. With a day like today, which will be the top item on every news show, that number of uninformed is going to drop to closer to 20%.
BuzzH
Well-known member
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npaden
Well-known member
Will be easy to see who is right and who was wrong on this one. I'm saying at least a 1% bounce back tomorrow. I might be wrong but think it is going to happen. This is an overreaction. Apple is down 10% because of a 10% tarriff? They will price it in and the consumer gets to pay more. It's not going to hurt the stock 10%.
npaden
Well-known member
P.S. I'm confident enough in this that I haven't pulled the trigger on a TQQQ trade yet today. 
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