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Post by daydreamer on Feb 2, 2018 9:55:34 GMT -6
This is a fantastic point Mo. Seen this first hand with my ex bro in law who's a farmer. Thought he was a big shot because his buddy banker kept loaning him the money. The banker is doing just fine, you know who's not? My ex bro in law...greedy as they come. I think he had something like 75k bushel of corn unpriced/unlocked back when corn was $7...
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Post by wildfire123 on Feb 2, 2018 18:25:16 GMT -6
Down 1000 plus this week, it will soon be back? kachong
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Post by MoBuckChaser on Feb 2, 2018 20:00:05 GMT -6
Down 1000 plus this week, it will soon be back? kachong You ever hear of profit taking? Its how the markets work in case you didn't know! LOL!
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Post by MoBuckChaser on Feb 2, 2018 20:22:50 GMT -6
WE get the best jobs report we have had in a long time, yet the stock market drops 1,000 points because one of the trillion dollar hedge funds start selling now for some of the best profit taking they have ever seen.
After losing 3% of your wealth in one day, any of you guys want to tell me this ain't gambling anymore? Bahahahahahahahaha!
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Post by wiscwhip on Feb 2, 2018 20:53:41 GMT -6
Yup and they can blame the whole selloff on the Fed raising the base rate.
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Post by Foggy on Feb 2, 2018 22:58:55 GMT -6
Sell-off and pull-backs are a fact of the stock market. Were past due for one of 20% or more. Schmidt happens. Not sure if this is the start......very possibly. If it is....it will happen very quickly. Maybe a buying opportunity follows....if you got some dry powder and the stones to buy when others are scared.
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Post by sd51555 on Feb 3, 2018 1:35:41 GMT -6
600 points in the Dow is nothing at these levels. It's about time some of these companies start pulling apart from one another. Asset allocation has been dead for a long time since everything went up at the same rate. I love days like today when you can swap one good company for another. Google and Chevron down 6% today, Amazon up 3%. That's a nice 9% spread to skim off of one and dump into the other. Shitty thing is, Amazon is one I'd almost never part with, unless Foggy is conning me out of a share or two.
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Post by chummer16 on Feb 3, 2018 5:55:57 GMT -6
Sell-off and pull-backs are a fact of the stock market. Were past due for one of 20% or more. Schmidt happens. Not sure if this is the start......very possibly. If it is....it will happen very quickly. Maybe a buying opportunity follows....if you got some dry powder and the stones to buy when others are scared. Still sitting on my 50k. Waiting to see if the fall continues. Might wait for midterms to make sure we hold congress.
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Post by sd51555 on Feb 3, 2018 6:40:42 GMT -6
There's a couple big things hanging out there that might jolt the market forward a long ways from here that I'm watching for. The first is GDP at the end of Q1. It is going to be big if it comes in above 4%, and huge if it actually goes over 5%. The other is the corporate tax cut. Not all companies pay the tax, but a lot do, and those are going to get big savings that will free up cash to do things. What I don't know is if the increased bottom lines will push their valuations higher.
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Post by MoBuckChaser on Feb 3, 2018 6:44:50 GMT -6
I won't to excited yet, as the moving averages on the dow have not crossed over yet. We will see another down day on monday, then lets see what the market does from there!
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Post by Bwoods11 on Feb 3, 2018 8:01:45 GMT -6
I think part of the reason the market dropped was the American people got a look at how bad it is in Washington with the memo release . Spying on opponents, paying $$$ to foreigners to make up stories on Trump. The Clintons are a hit squad yet they still walk as free people. It shows that the common people have little say in our system...amazing corruption
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Post by MoBuckChaser on Feb 5, 2018 14:02:25 GMT -6
Ok you smart guys on here, answer this with what you would do.
My buddy's dad has left his wild daughter $100,000 that my buddy is instructed to put it in a fixed income account, she can get monthly checks sent to her for the rest of her life, she would blow any lump sum of that amount otherwise. What would you put it in. Insurance company annuity? What else?
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Post by wiscwhip on Feb 5, 2018 14:30:22 GMT -6
Appears a slight correction is taking place right now. Question is, when does it end? The Fed upping the rate should not hold this much sway over the markets, yet the "players" use this type of thing to manipulate the markets every time the Fed adjusts.
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Post by MoBuckChaser on Feb 5, 2018 15:02:00 GMT -6
Appears a slight correction is taking place right now. Question is, when does it end? The Fed upping the rate should not hold this much sway over the markets, yet the "players" use this type of thing to manipulate the markets every time the Fed adjusts. Big boys just trigger a bunch of sell stops today. Lets see if they keep going or buy the market back this week!
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Post by sd51555 on Feb 5, 2018 15:47:22 GMT -6
Now that’s a market drop worth talking about!
Haven’t had any time to read what’s going on, but my options cushioned a lot of the blow in my roth today.
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