***Official*** 2018 Stock Market Thread

[FelixDeCat]

After/premarket movement on solar has been fun since Trump announced tariffs. MAGA... I guess... Sigh.

Apparently he is just getting started making trade fair again for the US, which includes weakening the dollar to make our goods sell better.

GOLD is now $1360, up $26 in 24 hours on administration comments today.

 

[TheVrolok]

Apparently he is just getting started making trade fair again for the US, which includes weakening the dollar to make our goods sell better.

GOLD is now $1360, up $26 in 24 hours on administration comments today.

LOL

 

[KB]

Cash is Trash!

Several Money Managers are saying there is no point to holding cash as there is too much cash on the sidelines making little interest and to go all-in on stocks. Part of me says, this is a sign of the end of the run, but they may be right in the short term. There is still plenty of cash that can come into the markets and FOMO will bring it in.

https://seekingalpha.com/news/3325312-larry-fink-cash-trash

 

[FelixDeCat]

Cash is Trash!

Several Money Managers are saying there is no point to holding cash as there is too much cash on the sidelines making little interest and to go all-in on stocks. Part of me says, this is a sign of the end of the run, but they may be right in the short term. There is still plenty of cash that can come into the markets and FOMO will bring it in.

https://seekingalpha.com/news/3325312-larry-fink-cash-trash

It sure didn't look like that on Friday. The market just keeps spiraling upwards. The only monkey wrench I see in the mix is interest rates. Every time the 10 year bond goes up the market freaks out momentarily then goes straight back up the next few days.

Some idiots probably wrote in their robotic trading algos that they have to buy puts on the market as whole if there is a spike in the 10 year and all the other robots follow. (the market is run by robots these days, everyone else is too rich to bother ...apparently).

 

[ImpulsE69]

I tell you I suck at the market game in general. I am a very logical person, and the market isn't logical. Everyone talking about how well it's doing, when really it's just a handful of (mostly companies I hate) doing very well. ER's of many companies are spastic reactions opposite of what they should be. Aside from Vanguard funds, I am pretty much treading water. Every time I start to make some headway, Trump or Yellen say something that brings everything back down.

The most astounding part is all the companies that should be bankrupt (Equifax, WFC) doing just fine and carrying on as normal. In the long run, people deserve what they get.

It's funny they want 'everyone' to put money in the market. To make money, someone had to lose money. It's a fools game to think everyone needs to throw money in it because NOT everyone will make money. The market is one of the biggest scams still around and is simply glorified gambling on the backs of your fellow humans. It promotes supporting monopolies among other 'evils' that companies do. The stock market is not what it was intended for and hasn't been for years. If it was truly about supporting and helping companies with cash flow, shorting would be illegal (for starters). It baffles me why everyone's retirement funds are tied to it. MM's and algorithms pretty much control it. I don't doubt people are making bank - but remember someone had to lose that money for you to make it.

 

[KB]

I tell you I suck at the market game in general... Aside from Vanguard funds,

Really thats all you need. Collect your dividends and forget about it.

I agree that the market is not logical in the short term, but buy individual stocks only if you want to root for a winner and gamble.

 

[FelixDeCat]

Spoiler alert -

Spoiler: Next weeks trading pattern for the stock market

The market closes higher Monday, Tuesday and Wednesday, down a hair on Thursday then recovers and breaks new records on Friday.

 

[Engineer]

Spoiler alert -

Spoiler: Next weeks trading pattern for the stock market

The market closes higher Monday, Tuesday and Wednesday, down a hair on Thursday then recovers and breaks new records on Friday.

US futures already up for Monday but lots could change.....

NAME TIME (EST) FUTURE DATE LAST NET CHANGE OPEN HIGH LOW 2 DAY
DM1:IND
Dow Jones mini
8:56 PM Mar 2018 26,677.00 +73.00 26,584.00 26,684.00 26,581.00
ES1:IND
S&P 500 mini
8:55 PM Mar 2018 2,877.75 +3.25 2,874.25 2,878.50 2,873.50
NQ1:IND
NASDAQ 100 mini
8:55 PM Mar 2018 7,042.50 +12.25 7,030.00 7,047.25 7,030.00

I think we've gotten to the irrational exuberance phase again, at least in a short term period.

Edit: With that said, I don't think the Fed will come out with a statement anytime soon like Greenspan gave. It would appear that the newly appointed Fed chair wants to appear more dovish to keep the Trump rally alive and growing. I think we're a distance off before we hear anything from the Fed on this issue that might change the direction of this market.

Lots of people who were burned during the great recession STILL on the sideline (I have co-workers that sold out in 2008 and haven't put a dime back in). Lots of money that was created to push us out of the great recession now finally making its way into the market (IMO). Trillions of new dollars that were on the sideline finally getting pushed 'trickle up style' into the market. Just keep on pumping money into it........we'll see where the ride stops.

 

[FelixDeCat]

US futures already up for Monday but lots could change.....

Lots of people who were burned during the great recession STILL on the sideline (I have co-workers that sold out in 2008 and haven't put a dime back in). Lots of money that was created to push us out of the great recession now finally making its way into the market (IMO). Trillions of new dollars that were on the sideline finally getting pushed 'trickle up style' into the market. Just keep on pumping money into it........we'll see where the ride stops.

I can see people nearing retirement standing on the sidelines, but to miss out on 10 years of gains probably taking caution to an extreme. Although some REITS have consistently paid 10%+ per year, so parking money there instead of the market as a whole is understandable.

 

[FelixDeCat]

AMD releases earnings tomorrow. I wonder if the stock will soar back to previous heights or take out new lows.

 

[WhoBeDaPlaya]

MXIM jumped to ~$75 this afternoon.
Looks like we might be part of NEC / Renesas soon

https://www.cnbc.com/2018/01/29/ren...cquire-maxim-integrated-in-20b-chip-deal.html

Time to cash out those ESPP shares purchased in the $30s, and dump them into VIMAX.

 

[TheVrolok]

Another solid day for the market.

 

[JEDI]

Spoiler alert -

Spoiler: Next weeks trading pattern for the stock market

The market closes higher Monday, Tuesday and Wednesday, down a hair on Thursday then recovers and breaks new records on Friday.

wrong on mon.
its now 10:30am tues and down 1.5%

start of the correction???
todays drop is caused by healthcare:
"Amazon is diving into health care, teaming up with Warren Buffett’s Berkshire Hathaway and the New York bank JPMorgan Chase, to create a company that helps their U.S. employees find quality care “at a reasonable…"

aka less profits for heath insurers and drugmakers.

what caused yesterday drop?

 

[KB]

wrong on mon.
its now 10:30am tues and down 1.5%

start of the correction???

what caused yesterday drop?

Maybe a small correction, but I don't think a big one. We definitely went up a little too fast between Sept and Jan.

Yesterdays drop was blamed on Treasury Bill interest rate increases but that doesn't make a lot of sense as typically markets rise even when rates do because of a booming economy.

 

[Ns1]

what are y'all using to research stocks in 2018? I used to use finance.google but they suck balls now.

also, holy shit -400?

 

[JEDI]

also, holy shit Dow -400?

hm.. I was a month early swapping out stocks for bonds (Long term corporate ).
could have had 5% more gains.

hopefully bonds goes up during this correction

 

[JEDI]

also, holy shit -400?

and dow keeps falling. -600 now

hopefully bonds go up

 

[Hugo Drax]

Markets down on fears that banks and large corporations bought billions of dollars worth of bitcoins during the peaks in december and might be facing liquidity issues do to little cash at hand since most went to purchase bitcoins.

 

[dullard]

Dow -666 points. 6th largest fall of the Dow in history (in point terms, not in percentage, in percentage it was not that bad). Seems like a lot of 6's.

 

[brianmanahan]

 

[Ns1]

Dow -666 points. 6th largest fall of the Dow in history (in point terms, not in percentage, in percentage it was not that bad). Seems like a lot of 6's.

welp, good thing I decided NOT to buy those stocks on Wednesday. too bad that was the day I decided to buy a mining rig

 

[Ken g6]

Dow -666 points. 6th largest fall of the Dow in history (in point terms, not in percentage, in percentage it was not that bad). Seems like a lot of 6's.

Apparently the Beast is a real bear.

 

[s0me0nesmind1]

Markets down on fears that banks and large corporations bought billions of dollars worth of bitcoins during the peaks in december and might be facing liquidity issues do to little cash at hand since most went to purchase bitcoins.

Seriously?

Last I checked most corporations weren't retarded, and buying something as volatile as a bitcoin for a major corporation would be retarded 'fo sho.


Either way this still isn't anywhere near the point of correction, thinking I'm going to hold-off still for now.

 

[repoman0]

Seriously?

What do you think

 

[KB]

Even banks, which benefit from rate increases sold off. Maybe a 10% correction but it would be hard to keep the market down when wages and earnings are growing.