***Official*** 2016 Stock Market Thread

[Imp]

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.

Aw, man. If I bought during that dip -- I was like 95% cash -- I would have gained like 10% just going by the ETF SPY. Is this time the same, or is it the start of the bear market for good this time? I don't know, I hate this shit, that's why I want to just throw all my money into a preferred shares ETF, U.S. Treasury ETF, and SPY, then walk the hell away forever.

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.

Seriously... My 40" LCD TV still works great like 6 years later. I bought it for $1000, now I can buy an even thinner LED LCD for $400, same size, somewhat better features. I don't need 3D, a Smart TV, or 4K...

 

[FelixDeCat]

Nice little bounce back on Friday?

 

[paperfist]

Should I buy Apple?

 

[JEDI]

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

just looked at my portfolio.
omg.. sea of red

the only thing positive are my bonds, but only +0.50%

come on $1B lotto ticket.
I need to make up my loses

 

[dr150]

Should I buy Apple?

Buy Pineapple. Tastes better.

just looked at my portfolio.
omg.. sea of red

the only thing positive are my bonds, but only +0.50%

come on $1B lotto ticket.
I need to make up my loses

Close your eyes, pop one off to de-stress, and revisit your portfolio in 12 months. Red will be green.

 

[Imp]

just looked at my portfolio.
omg.. sea of red

the only thing positive are my bonds, but only +0.50%

come on $1B lotto ticket.
I need to make up my loses

Chill. It'll probably be back up within a month. If not within years, gubermint will likely QE this shit until it is.

Currently up 1.8% on the year... 99% cash. Worse China, oil, and the world does, better I do. This is so stupid and it feels wrong... but I don't care anymore!

 

[paperfist]

Buy Pineapple. Tastes better.




Close your eyes, pop one off to de-stress, and revisit your portfolio in 12 months. Red will be green.

A little daring, but sounds like solid advice. I get a sweeter product and more volume for about the same buy in price.

 

[s0me0nesmind1]

Should I buy Apple?

Sure if you want to lose money on something overpriced and has been overpriced for quite some time. IMO Apple has no where to go but down.

 

[JTsyo]

So China got suspended the 7% circuit breaker. Next time it drops, the market will drop all the way it needs to stabilize.

 

[Udgnim]

So China got suspended the 7% circuit breaker. Next time it drops, the market will drop all the way it needs to stabilize.

China realized the circuit breaker was just encouraging people to sell off before the 7% circuit breaker was hit

 

[paperfist]

Sure if you want to lose money on something overpriced and has been overpriced for quite some time. IMO Apple has no where to go but down.

That's the catch... There's lots of stocks that are over valued, is this year going to be a reckoning for them?

Last year Apple was one of my only winners. Apple is already down a lot so as usual the adventure begins with how much lower will it go.

 

[FelixDeCat]

Better get short - another 5% market correction next week!!

QQQ $100 here we come!

 

[dullard]

That's the catch... There's lots of stocks that are over valued, is this year going to be a reckoning for them?

Last year Apple was one of my only winners. Apple is already down a lot so as usual the adventure begins with how much lower will it go.

Apple has two sources of value:

1) It is the cool product at the moment. That may last years or it may vanish tomorrow. It never lasts forever. I assume it'll last a few years. So for this part of the picture, Apple is a good bet for the short to medium term.

2) Apple has tens of billions invested in the stock market and nearly a hundred billion in the corporate debt market. This makes Apple essentially a mini S&P. If you think stocks are over-valued, that means that Apple's cash pile will rapidly shrink as the stocks fall and the corporate debt goes bad.

I'd say issue #2 outweighs #1 in 2016 (because I doubt their coolness will change much in 2016). If you truly think other companies will have a bad year, then you shouldn't be in Apple. If you truly think other companies will do okay or thrive in 2016, then you might as well go all-in on Apple.

 

[dullard]

I think today is the day that I'll put my IRA in (assuming the stock market is still down in an hour). Well, half of it. I will wait until the middle of next week to put the rest in.

 

[Imp]

So China got suspended the 7% circuit breaker. Next time it drops, the market will drop all the way it needs to stabilize.

Their "stock market" is excellent entertainment. The show is off until Sunday night, unfortunately.

 

[Banana]

I think today is the day that I'll put my IRA in (assuming the stock market is still down in an hour).

Just did that too. Good luck

 

[JEDI]

and the stock market is free falling in the final minutes of Fri trading.

-1% now

 

[Charmonium]

and the stock market is free falling in the final minutes of Fri trading.

-1% now

It's like a roller coaster. It's the most fun going down. Although if you believe that, you probably like getting whipped with a riding crop.

for those of you investing today, I don't think you need to worry. The old expression is that the stock market climbs a wall of worry. Eventually those worries are going to win out and people are going to panic.

China is an important economy but more than 2/3 of our gdp is consumption. What has slowed us down recently is an increase in the savings rate which was made possible by lower gas prices. That will eventually turn around. Either people will get used to low gas prices and start to spend the extra money or gas prices will go up which will lead to higher capex on the part of energy companies.

 

[Imp]

Bought my first stock in over a month... Suncor. It's at CA$ 33-ish, and it has bounced back to $35+ a few times after hitting that in the past year.

Is this time different? No clue, but I put in a disposable amount to have some fun.

 

[Banana]

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.

CMG is probably the safest place to eat now. Seriously though, this kind of bad news is the type of thing that'll kill a fad, if you consider CMG a fad.

 

[paperfist]

Apple has two sources of value:

1) It is the cool product at the moment. That may last years or it may vanish tomorrow. It never lasts forever. I assume it'll last a few years. So for this part of the picture, Apple is a good bet for the short to medium term.

2) Apple has tens of billions invested in the stock market and nearly a hundred billion in the corporate debt market. This makes Apple essentially a mini S&P. If you think stocks are over-valued, that means that Apple's cash pile will rapidly shrink as the stocks fall and the corporate debt goes bad.

I'd say issue #2 outweighs #1 in 2016 (because I doubt their coolness will change much in 2016). If you truly think other companies will have a bad year, then you shouldn't be in Apple. If you truly think other companies will do okay or thrive in 2016, then you might as well go all-in on Apple.

Well to be fair Apple has always made products that people think are 'cool'. And obviously while the bulk of their revenue comes from the iPhones, they still make laptops, desktops and the like that people still buy.

I don't know if they are over valued. It's been said by 'experts' a lot lately. But they are also saying that about other tech companies.

 

[Charmonium]

Saudi Aramco shares may be sold to the public. That would be a good sale to get in on since it seems that no one can even put a value on the property.

 

[Staples]

My 2 cents is after years, I think Apple stock has finally lost it's steam. Over the last decade, their stock has been growing way faster than the market. This year they were pretty flat compared to the market.

 

[11thHour]

Lawsuits hitting, making Chipotle/CMT tastier ($413 now). Hopefully the market downturn drags this way way down.

 

[FelixDeCat]

Lawsuits hitting, making Chipotle/CMT tastier ($413 now). Hopefully the market downturn drags this way way down.

Buy puts on the entire stock market.

Profit.