***Official*** 2018 Stock Market Thread

[brianmanahan]

It could use more corrections.

yeah, the shiller PE is ridiculously high right now. like, only-matched-by-1929-and-1999 high. so a drop of %10-30 is definitely in order.

 

[ponyo]

yeah, the shiller PE is ridiculously high right now. like, only-matched-by-1929-and-1999 high. so a drop of %10-30 is definitely in order.

PPT will step in way before that happens. The govt and the central bankers have your back.

 

[brianmanahan]

PPT will step in way before that happens. The govt and the central bankers have your back.

meh, i hope they let it come back down to the low-to-mid 20's over time

 

[Ken g6]

PPT will step in way before that happens. The govt and the central bankers have your back.

Had to look that one up. https://en.m.wikipedia.org/wiki/Working_Group_on_Financial_Markets#Plunge_Protection_Team

It's really not clear how much they do, if anything, to stop stock drops.

 

[Exterous]

yeah, the shiller PE is ridiculously high right now. like, only-matched-by-1929-and-1999 high. so a drop of %10-30 is definitely in order.

And there is quite a bit of debate as to how much that applies a given the drag on earnings the recession had. Once those fall off CAPE doesn't look too bad even factoring in a decent stock market return

 

[dasherHampton]

Asia's in free fall.

Might be time to step away from the trading desk for a while. Hold your good positions and rein in the panic.

 

[Engineer]

Futures down 528. Were down 900 earlier.

 

[FelixDeCat]

Going back up some today.

 

[Engineer]

Going back up some today.

Just a feeling?

Futures are falling right now and down about 200 for the Dow. Equates to about a 400 point drop on the open.

Edit: Futures down 413 - about 800 point drop on open for the Dow.

Edit #2: Futures all over the place. Swinging between down 50 to down 400+. Probably going to be volatile for a while as the dust settles.

 

[s0me0nesmind1]

Time for some more buying today. Glad I waited on my 2017 Roth contributions.

 

[dasherHampton]

If EEP drops below 13 I'm in.

Crazy good buying opportunities here.

 

[Charmonium]

People are GD lemmings. There is nothing fundamentally wrong with the economy. In fact, just the opposite. Prices were probably inflated so there's nothing wrong with bringing a little realism back to the market. It's just too bad that people always have to freak the f*** out over it.

It's a great opportunity for those who can read the psychology and trade it but unfortunately I don't do batsh**.

 

[FelixDeCat]

Percentage wise however, thats only .5 to 1%. Im not saying buy, unless you are just looking to daytrade.

Just a feeling?

.

Intraday it might go up. But where we close is anybody's guess. It takes a stable genius to be able to say that.

 

[DietDrThunder]

I'm still up almost 5% since the January 2nd open. I wouldn't mind more of a pullback as I have too much cash (32% of my portfolio) sitting on the sidelines and was waiting for an event like this to invest more.

 

[DietDrThunder]

Well I know it is still early, but I've already gained back half of what I lost yesterday.

 

[FelixDeCat]

Well I know it is still early, but I've already gained back half of what I lost yesterday.

Nice rally today but there are lots of rallies in a bear market.

 

[Udgnim]

hope no one seriously panicked and sold except for those that held XIV

shouldn't be holding that type of stuff over night

 

[woodman1999]

day trade vix tomorrow?

 

[DietDrThunder]

It is yo-yo time folks. I expect this to go on for at least a couple of weeks, if not a couple of months.

 

[Ns1]

man some of these people on reddit

 

[dasherHampton]

My MU calls at 42 may have been early so I took profit on some positions and doubled down on MU puts at 41 and 42.5.

Let the craziness commence. Maybe this forum is a rabbit's foot.

 

[ImpulsE69]

For those that didn't see the news this morning:

BREAKING: Credit Suisse terminates $XIV and will stop trading February 20th. It will not issue new units

 

[Ns1]

For those that didn't see the news this morning:

BREAKING: Credit Suisse terminates $XIV and will stop trading February 20th. It will not issue new units

https://www.reddit.com/r/tradeXIV/comments/7vokum/post_your_losses/

I don't think this is how it's supposed to work:

 

[ponyo]

For those that didn't see the news this morning:

BREAKING: Credit Suisse terminates $XIV and will stop trading February 20th. It will not issue new units

Old news. Traders were talking about it after the market closed yesterday. People got fvcked but they were stupid to be playing with fire. One trader lost $4 mil playing with fire. https://www.marketwatch.com/story/x...rs-of-work-and-other-peoples-money-2018-02-06

 

[WhoBeDaPlaya]

F*ck 'em. They got greedy (even with last year's astounding > 100% returns!), didn't cash out, and did us the courtesy of screwing up the market.