***Official*** 2018 Stock Market Thread

[TheVrolok]

Don't catch a falling knife. It is far better to buy at 24,000 going up, than 24,000 going down. Because at least then you know that there is somewhat of a floor underneath you. You'll likely have time to get some money to buy.

Oh absolutely, unfortunately (in this context) I just bought a house and my historical disposable income that I used to pump into the market is a thing of the past for the foreseeable future.

 

[ponyo]

Capitulation, lol?

You can't have capitulation without fear and I sense zero fear and panic in the market. Really, this small drop is not even a flesh wound.

 

[Engineer]

You can't have capitulation without fear and I sense zero fear and panic in the market. Really, this small drop is not even a flesh wound.

Yeah, I've been there (at the bottom of the great recession - I had given up all hope of EVER getting a rebound).....was just sort of shooting off a little sarcasm. Not sure we need a capitulation at this point. Hoping just a 10% correction and then a more orderly move sideways or slightly up until market catches flooring.

Edit: Although 900 points down in 15 minutes sure scared the hell out of a few people!

 

[ctbaars]

I'm in the unfortunate position that I didn't get the 20% ride up in 2018 but did get the -5% ride down these last couple of days.
Luckily still above Dec 31st closing statement.

 

[FelixDeCat]

We have been waiting for a correction for several years now. Definately dont buy. Tomorrow we might be back up big but it won't last.

Besides interest rates there is also the government shutdown in play this week.

 

[DietDrThunder]

It looks to me that this is software generated selling. I agree, this market will yo-yo around for a while.

 

[KB]

Hmm, is this when I shift my index funds into money market (401) and wait it out....?

Nope, the time to do that was when the market hit 26,500. You do it now and you might miss the big return jump. The biggest jumps are often the day surrounding a big drop.

 

[fleshconsumed]

Nope, the time to do that was when the market hit 26,500. You do it now and you might miss the big return jump. The biggest jumps are often the day surrounding a big drop.

That's what I was thinking the whole last week. The market's down 1.5%, it's got to go up tomorrow for sure, and it just kept dropping. At this point we've pretty much lost all of our 2018 January gains.

Not saying it won't bounce tomorrow, but I think it's premature to make predictions either way. We're 10 minutes away from close and it looks like DOW will be 1000 down for the day.

 

[paperfist]

Sold my Apple, do I sell my Facebook too? Please zen stock traders of Anandtech guide me with your wisdom.

 

[JEDI]

And back down we go......dead cat bounce indeed.

dow -1200 pts

please corporate bonds go up!!!


edit:
just realized my corp bonds are 4% distribution yield?!
god, I got lucky. I need to read more closely of stuff im buying

 

[Engineer]

Dow dropped 1600 which was largest intra-day drop ever....however, because the market was so inflated, the drop wasn't enough to kick in the circuit breakers on the downside. Probably not in top 10 or even top 20 drops percentage wise of all times in a day.

 

[FelixDeCat]

Sold my Apple, do I sell my Facebook too? Please zen stock traders of Anandtech guide me with your wisdom.

Lol, what do you think? Yes!

Sell into strength tomorrow.

 

[FelixDeCat]

Omg

The QQQs are still falling after hours, now 155.94 down $9 (5%)

 

[paperfist]

Lol, what do you think? Yes!

Sell into strength tomorrow.

Damn I need to pay better attention to this stuff.

 

[eng2d2]

my window is open and ready to jump out

 

[Charmonium]

Weeee!

Well, that was fun.

Can we go again daddy?

 

[FelixDeCat]

Damn I need to pay better attention to this stuff.

Ultimately the call is yours to make. If you dont need the money you probably don't need to do anything because long term they go back up eventually.

Its just that for now a long overdue pullback is happening.

 

[WhoBeDaPlaya]

Hmm, is this when I shift my index funds into money market (401) and wait it out....?

Thankfully that's exactly what I did last week. Locked in some gains, ready to jump in again at any time.

 

[paperfist]

Ultimately the call is yours to make. If you dont need the money you probably don't need to do anything because long term they go back up eventually.

Its just that for now a long overdue pullback is happening.

I technically don't need it and I know it will go back up, but damn if I paid attention I could have sold before the $9 drop, waited for it to bottom out and got back in.

I know everyone wishes to do the same.

 

[Udgnim]

if we get a repeat tomorrow, going to jump in and buy some stuff I've been eyeing

 

[nCred]

my window is open and ready to jump out

Just remember to bring your jetpack.

 

[Ricochet]

It could use more corrections.

 

[Thebobo]

Hmm, is this when I shift my index funds into money market (401) and wait it out....?

Thinking the same

 

[dasherHampton]

I'm not really that worried. My gut tells me its artificial.

Sold Micron calls at 42. Should cover the margin interest for two months.

 

[WhoBeDaPlaya]

Just remember to bring your jetpack.