Correction is over

[jimbee]

By resolution, do you mean a wipeout at the bottom with high volumes, signifying many investors capitulate, cry "Uncle!", and bail to cash?

PS. And speaking of "Wipeout", do geezers here still remember The Ventures?

Yes and a young Max Weinberg is sitting in with the Ventures in this video.

EDIT: Hey, the video changed to an earlier version! Max was in the old link.

 

[NW-Bound]

Yes and a young Max Weinberg is sitting in with the Ventures in this video.

Oops. I edited my post to change to the original band. Sorry. Let me put it back.

 

[jimbee]

Oops. I edited my post to change to the original band. Sorry. Let me change it back.

That explains it.

There's a series of videos of the Ventures related to your original link that have Skunk Baxter and Peter Frampton also playing with them. Sorry for my thread drift.

 

[aja8888]

PS. And speaking of "Wipeout", do geezers here still remember The Ventures?

Remember, "Walk, Don't Run" ?

Yes and they are still active.

 

[NW-Bound]

Brought tears to my eyes, when I remembered my teenage years.

 

[copyright1997reloaded]

I hear you and am happy to share. Whenever, I see your posts about selling calls, I am reminded of my Father. He once told me never to sell call options as you will lose your best performing companies. There were many things he instilled in me about trading and I think that is one of the few, I strictly adhered too, along with never being a stock broker or sell side analyst! I am not criticizing you in any way, I just have a psychological block! One of my Father's contemporaries was a flamboyant,well known and very successful short specialist. I was influenced by him early on and found it more appealing than my Fathers staid value style. This is what lead me into Futures trading and my ER.

"Cut out the weeds, keep the flowers." "Don't cut the flowers and keep the weeds."

 

[NW-Bound]

Cut everything!

Cut the weeds before they go to seed.

Cut the flowers at their peak, put them inside the home in a vase.

Or cut the flowers later, in order to save the seeds.

Cut, cut, cut....

 

[NYEXPAT]

By resolution, do you mean a wipeout at the bottom with high volumes, signifying many investors capitulate, cry "Uncle!", and bail to cash?

No, that would be the end to a "bear market". On average a "proper correction" would last about 4 mos and decline 13.8% peak to trough.

At this point "resolution" to me means a successful retest of the prior low or failing that a move below the 12 month moving average and a successful retest of the February lows.

I am not looking for resolution yet and once AAPL catches a "bid" (188-189), I am hoping to see at least one more rally.

Today was interesting to watch from the sidelines. You saw traders try to cross too the upside the technically important 200 day MA. Failing that they took it down to the 300 day MA and attempted to penetrate 3-4 times (once slightly successful) before the markets ran out of time.

My signals remain "neutral" and I have not entered any trade in the SPY.

 

[GravitySucks]

I command & demand this correction to be over. My demands are non negotiable. Big up day tomorrow.

You have both your Correction Anxiety and Correction is Over threads running concurrently.
Are you auditioning for CNBC?

 

[Free bird]

No. I think they get up too early. I might consider SNL.

 

[Free bird]

They could rip this thing north at any moment.

 

[steelyman]

I know I’m stealing someone else’s point, but can’t locate the thread or post.

But the gist was that recent market movement seems to be doing an auto-rebalance for me.

 

[NW-Bound]

You have both your Correction Anxiety and Correction is Over threads running concurrently.
Are you auditioning for CNBC?

The OP is suffering the same affliction that the market does: bipolar disorder.

 

[audreyh1]

Three different reports/opinion pieces in the last two days. Some gurus are seeing a sudden economic slowdown, and think the Fed is seeing it too. This is new.

If the market gets a whiff of a sudden slowdown (Fed seemed to be suddenly backpedaling some on aggressive Fed Rate raises today and interest rates have been dropping) IMO stock prices will continue to drop.

 

[Free bird]

What do you suffer from since your diagnosing for free?

 

[njhowie]

If the market gets a whiff of a sudden slowdown (Fed seemed to be suddenly backpedaling some on aggressive Fed Rate raises today and interest rates have been dropping) IMO stock prices will continue to drop.

The Fed chiefs from around the country always have differing opinions. While I saw stories of some backpedaling, I saw another today reiterating the potential for four hikes in 2019.

https://www.marketwatch.com/story/f...o-four-interest-rate-hikes-in-2019-2018-11-16

 

[Tiger8693]

In some ways makes me glad I have 5 more years (+/-), and also makes me think of adding more to cash holding prior to getting there to avoid withdrawals when I don't want to (downturns). Was planning on 12-18 months cash, may move to 24 months or more.

 

[copyright1997reloaded]

Three different reports/opinion pieces in the last two days. Some gurus are seeing a sudden economic slowdown, and think the Fed is seeing it too. This is new.

If the market gets a whiff of a sudden slowdown (Fed seemed to be suddenly backpedaling some on aggressive Fed Rate raises today and interest rates have been dropping) IMO stock prices will continue to drop.

The market has already 'smelled' it, which is why things have been selling off.

The market should now rally, as I just moved my equity allocation down by about 3%.

 

[W2R]

The market should now rally, as I just moved my equity allocation down by about 3%.

Thank you for taking one for the team!

 

[stephenson]

Giggling at some of the comments ....

I think 2026 will be a down year, and then 2027, too ....

 

[njhowie]

They could rip this thing north at any moment.

Or ...

 

[HadEnuff]

In some ways makes me glad I have 5 more years (+/-), and also makes me think of adding more to cash holding prior to getting there to avoid withdrawals when I don't want to (downturns). Was planning on 12-18 months cash, may move to 24 months or more.

if this is a big correction, 5 years before retirement is a good time for it.

Everything makes somebody happy.

 

[CaptTom]

if this is a big correction, 5 years before retirement is a good time for it.

Everything makes somebody happy.

I can't really explain it, but even as I watch my 401k erode, part of me actually wants to see the numbers go down.

I justify it like this: (1) I've been expecting it, and it'll be a relief when it's finally over. (2) I have a fixed pension; too much expansion will lead to higher inflation, which is a net loss for me. (3) I never planned for a huge run-up in my 401k, and have stuck to my long-term goals for years now. If this year's gains are wiped out, I'm still better off than I was the day I retired, over two years ago.

 

[Rianne]

I can't really explain it, but even as I watch my 401k erode, part of me actually wants to see the numbers go down.

I justify it like this: (1) I've been expecting it, and it'll be a relief when it's finally over. (2) I have a fixed pension; too much expansion will lead to higher inflation, which is a net loss for me. (3) I never planned for a huge run-up in my 401k, and have stuck to my long-term goals for years now. If this year's gains are wiped out, I'm still better off than I was the day I retired, over two years ago.

Yes, we will not touch VG portfolio for 4 years. I just calculated on FIRE.calc with portfolio losing $300K. So, for 30 yrs, starting at 65 (we're 61) with 2% inflation and 2.5% earning, we are still ok.

 

[hesperus]

How's that market timing thang going for y'all?