***Official*** 2016 Stock Market Thread

[jpiniero]

But hey, the Shanghai market rose like 2% yesterday (today, here) and will probably rise again today (tomorrow, there).

Yeah, not so much.

 

[Darkstar757]

I am not a market bro but a buddy of mine is freaking out. He is telling me to get ready for the biggest great depression of them all. Ive been reading but I am far from informed enough to really know. I do trust this guy and now he has me super nervous about starting my own company with the market possible going to crap. Anyone else have some thoughts on the matter?

 

[Imp]

^^^RE: Greatest depression ever.

Maybe, but they'll just just print money until they run out of ink. People will still have jobs, just not everyone.

Yeah, not so much.

Yep, screwed up on that. Yippi ki yay!

Shanghai market down 7%, trading halted AGAIN. That inspires a lot of confidence in the "market."

http://www.cbc.ca/news/business/china-market-trading-halt-1.3392835

 

[s0me0nesmind1]

Anyone think Chipotle looks kinda juicy? They just keep falling. Looks like their value has been cut in half over the last few months due to the e--coli outbreak and now they were subpoenaed.

All the bad publicity aside, I still think they will easily float back to the top. Hell, I hear all this bad news and I still want to avoid cooking and get a damn burrito bowl from them

 

[Charmonium]

I am not a market bro but a buddy of mine is freaking out. He is telling me to get ready for the biggest great depression of them all. Ive been reading but I am far from informed enough to really know. I do trust this guy and now he has me super nervous about starting my own company with the market possible going to crap. Anyone else have some thoughts on the matter?

Anything can happen so it's always best to prepare for the worst - w/in reason of course. But I think the US economy is in much better shape than China. It's just that as the second largest economy, anything that affects China ends up affecting everyone. But I think the Eurozone does a lot more business with China than the US.

I haven't read anything about this recently but I think a big part of the problem is that as wages in china have increased, they have become less competitive. I also think that a lot of the Chinese elite have been moving as much money as they can out of China.

The problem is that no one really knows how the economy of China is doing since no one trusts the numbers put out by the state. So it's kind of a crap shoot.

I think that as long as the US economy stays strong, we'll have growth for the foreseeable future. It will just be anemic growth.

 

[FelixDeCat]

I've said for the last 2 months the QQQs are headed for 100, I just did not think it might happen during the first week or two of January - the "January effect".

 

[Charmonium]

Anyone think Chipotle looks kinda juicy? They just keep falling. Looks like their value has been cut in half over the last few months due to the e--coli outbreak and now they were subpoenaed.

All the bad publicity aside, I still think they will easily float back to the top. Hell, I hear all this bad news and I still want to avoid cooking and get a damn burrito bowl from them

I don't think Chpotle will go anywhere until they have identified the cause of the recent outbreaks and institute measures to prevent another one. But to really do that effectively, you need to test all of your ingredients. If they use a lot of locally sourced produce, that's going to be hard to do.

That's why you never hear about e coli at burger king or mickey d's. First they don't have much that resembles fresh veggies plus all their menu items are centralized. They basically just thaw and reheat. So as long as the central processing plant is in good condition, you don't have any problems.

 

[FelixDeCat]

Anyone think Chipotle looks kinda juicy? They just keep falling. Looks like their value has been cut in half over the last few months due to the e--coli outbreak and now they were subpoenaed.

All the bad publicity aside, I still think they will easily float back to the top. Hell, I hear all this bad news and I still want to avoid cooking and get a damn burrito bowl from them

The only money here (near term) seems to be on the short side, at least until Q4 earnings are released for major restaurants. I would not want to be short at that time because no matter what this stock usually goes up. A call or two before CMG's results come out might be a fun trade.

 

[Imp]

Anything can happen so it's always best to prepare for the worst - w/in reason of course. But I think the US economy is in much better shape than China. It's just that as the second largest economy, anything that affects China ends up affecting everyone. But I think the Eurozone does a lot more business with China than the US.

My take on China is essentially all your stuff plus...

What's happening in China is a symptom of the weakness in the rest of the world economy. A lot of the stuff people buy is made in China. If they're weak, they're not buying from China. If they're not buying from China, China isn't producing, and Chinese are not paid/employed. Even worse, if China isn't producing, China isn't buying resources from other countries (e.g. Canada), and people in those countries have less money to buy from China.

And while the regular Chinese resident may be growing in wealth, their wealth distribution is... shocking. A significant number of people living off a few dollars a day shocking. How many can afford the crap that first-world countries order from them?

China also, allegedly, has at least one bubble going like their housing market. How can you build entire empty cities and not be a bubble? Throw in questionable economic numbers and a bunch of other stuff... and here we are.

 

[Rebel44]

Last year, I stopped investing in anything except dividend stocks with reasonable long term perspective.

 

[FelixDeCat]

RUH ROH .... DOW -500 today???

 

[holden j caufield]

RUH ROH .... DOW -500 today???

At least, China is down huge, premarket is down bigger than I've seen in a long time, every other market is tanking. You know how in august last year it bounced back, I'm not sure I see that same thing happening.

 

[MustISO]

I bought during that massive dip in August and sold when I thought things would go back down again. I sold a little early but still did pretty well. Now I'm waiting for the next dip to jump back in. I don't think this slide is going to be a long term thing.

 

[s0me0nesmind1]

At least, China is down huge, premarket is down bigger than I've seen in a long time, every other market is tanking. You know how in august last year it bounced back, I'm not sure I see that same thing happening.

3 days of big drops. I'm curious if we haven't seen the big drop yet that is coming.... But I want to make my IRA contributions

 

[holden j caufield]

Just make your IRA contribution and be in a cash position.

 

[StrangerGuy]

My take on China is essentially all your stuff plus...

What's happening in China is a symptom of the weakness in the rest of the world economy. A lot of the stuff people buy is made in China. If they're weak, they're not buying from China. If they're not buying from China, China isn't producing, and Chinese are not paid/employed. Even worse, if China isn't producing, China isn't buying resources from other countries (e.g. Canada), and people in those countries have less money to buy from China.

And while the regular Chinese resident may be growing in wealth, their wealth distribution is... shocking. A significant number of people living off a few dollars a day shocking. How many can afford the crap that first-world countries order from them?

China also, allegedly, has at least one bubble going like their housing market. How can you build entire empty cities and not be a bubble? Throw in questionable economic numbers and a bunch of other stuff... and here we are.

I bet 95% of people around the globe are finding it increasingly harder to afford necessities yet paradoxically things they can do afford like TVs and phones now already are so good for cheap that they aren't buying more of it because they don't see the point.

 

[Banana]

Anyone have the balls to buy now?

I'm tempted to add to my IRA today.

 

[JEDI]

Last year, I stopped investing in anything except dividend stocks with reasonable long term perspective.

dec 31 of last year moved 10% from stocks to bonds, mainly because I was overweight in equities and needed to rebalance.

20% swing into safety

this 3day -1000 point drop in the dow makes me feel better about my decision

 

[dullard]

dec 31 of last year moved 10% from stocks to bonds, mainly because I was overweight in equities and needed to rebalance.

20% swing into safety

this 3day -1000 point drop in the dow makes me feel better about my decision

You got the first part right (getting out of stocks), but will you get back into the stocks at the right time?

 

[sm625]

Shrug. A month ago I was reporting on some extremely bearish technical data. I even posted this video:

https://www.youtube.com/watch?v=pXb0zcEM-rI

which is something I've never been compelled to do even during previous moments of extreme bearishness.

 

[Uppsala9496]

Anyone have the balls to buy now?

I'm tempted to add to my IRA today.

Made my contribution Monday. Figure in 20+ years when I need it, it won't have made a difference if I went in Monday or tomorrow.

 

[Staples]

Anyone think Chipotle looks kinda juicy? They just keep falling. Looks like their value has been cut in half over the last few months due to the e--coli outbreak and now they were subpoenaed.

All the bad publicity aside, I still think they will easily float back to the top. Hell, I hear all this bad news and I still want to avoid cooking and get a damn burrito bowl from them

I hope they come back. I have had money in them for the last 14 months. It is down considerably.

 

[poohbear]

Quick question, the august 2015 correction happened in one day or over the course of a week? If the latter then this just looks like another correction.

Great time to buy stock for those watching! I lost 10% value of my tech stocks this week, but I'm a long term investor. if this is just a correction I'm confident they'll get back up by next month. There's no point in selling & joining the madness. Just have to sit and watch & hope by next week the panic will end.

Great time to buy solid stocks like Nvidia, Activision, and amazon. Those stocks will SURELY go back up, ure getting a 5-10% discount on them.

 

[poohbear]

I opened up my portfolio, laughed, then closed it.

Really all you can do some times.

Lol same. In December I thought I had the stock market figured out after 6 months of investing. Now I'm just sitting here dumbfounded. But really ppl are selling out of panic... When Feb comes around & the reputable tech companies post their earnings (2015 4th quarter was stellar for sales from what I'm reading), stocks will rise again. I hope.

 

[Udgnim]

Quick question, the august 2015 correction happened in one day or over the course of a week? If the latter then this just looks like another correction.

Great time to buy stock for those watching! I lost 10% value of my tech stocks this week, but I'm a long term investor. if this is just a correction I'm confident they'll get back up by next month. There's no point in selling & joining the madness. Just have to sit and watch & hope by next week the panic will end.

Great time to buy solid stocks like Nvidia, Activision, and amazon. Those stocks will SURELY go back up, ure getting a 5-10% discount on them.

http://finance.yahoo.com/echarts?s=...:"4","range":"6mo","allowChartStacking":true}

Started Aug 17, 2015

big drop lasted from Aug 17 to 25

Recovered back around November 3, 2015