04-27-2022, 04:31 PM | #6954 | ||
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Jaredtin5.00 |
05-06-2022, 10:56 AM | #6955 |
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U.S. stocks lost further ground on Friday morning. Meanwhile the dollar continues to strengthen amid economic anxiety, with the dollar index notching a fresh 20-year high on Friday morning."
How can inflation be at 40 year highs and the dollar be simultaneously at 20 year highs? |
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05-06-2022, 11:29 AM | #6956 | |
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antzcrashing1976.50 |
05-06-2022, 04:31 PM | #6957 |
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I wouldn't go near the market for a while - it's only going to take your money
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05-08-2022, 07:12 AM | #6959 | |
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05-08-2022, 02:40 PM | #6960 |
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There's a famous investing mantra that goes something like "buy when there is blood in the water" ie everyone is negative. It's difficult to do, because there is typically something real that would tend to convince you to stay away. Right now, pretty much everyone is negative. Of course you have to do what's right for your investment horizon and risk appetite
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chassis8244.00 |
05-09-2022, 10:59 AM | #6961 |
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"When everyone is yelling, you should be selling, and when everyone is crying, you should be buying." For certain. Now, though? Maybe not quite yet. I'm looking for AAPL < $150, SPY < $385 and VIX ~ $40 before I get serious.
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antzcrashing1976.50 chassis8244.00 |
05-09-2022, 01:02 PM | #6962 | |
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damn just when you think you can't go any lower... the market reminds you who's the boss
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antzcrashing1976.50 |
05-09-2022, 02:23 PM | #6963 |
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I bought more VTI and ROKU. Will cost average them for long haul. I’m only putting in cash I can play around with and not dumping a lot into it.
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antzcrashing1976.50 |
05-09-2022, 03:04 PM | #6964 |
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what's making you buy ROKU?
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05-09-2022, 03:11 PM | #6965 |
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They have been solid. Their stock has grown tremendously and over the last few years, it's gone from $30-160 BEFORE covid and cheap money. In the $80's range, I think it's a great buy with opportunity to double. If it dips, I'll buy more and average down.
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05-09-2022, 07:41 PM | #6967 |
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There's also an expression hat says "don't try to catch a falling knife". (Because you will get cut). But f that expression, it all but guarantees you miss the tail of the upside move.
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05-09-2022, 08:11 PM | #6968 |
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I figured if stocks are now half of what they were pre-covid, then why not buy? At some point it will at least go back to that level. Perhaps not the crazy high levels we’ve seen with covid, but they should still go back up. How long it takes is anyone’s guess.
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antzcrashing1976.50 |
05-10-2022, 11:17 AM | #6969 | ||
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Seriously, it's all about price/earnings (P/E) ratios. They've come down quite a bit because prices (the numerator in that ratio) have dropped. But they are still pretty high by historical standards (aka "the mean"). P/E's will jump back up if earnings (the denominator) decrease, which is likely. That will drive stock prices down again in order to bring the P/E ratio back to the mean. Downward earnings revisions are coming, so more pain is likely ahead. Quote:
As they say, "thar be dragons". Be careful out there. |
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05-10-2022, 11:52 AM | #6971 | |
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On a separate note, PTON is like crossfit, it was cool for a year, did anyone really expect this fad to last in perpetuity? A spinning bike? Nah. |
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05-11-2022, 06:14 PM | #6973 |
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Cash is a good thing today, and every day. When the market turns it will be time to buy.
The more uncomfortable things get, the closer it is time to buy. |
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05-11-2022, 06:16 PM | #6974 | |
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Ibond purchase limit to my understanding is $10k per SSN per year. I look at ibonds as a one year CD paying 7%. Last edited by chassis; 05-11-2022 at 08:11 PM.. |
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