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Market correction anxiety
Old 11-01-2018, 03:34 PM   #1
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Market correction anxiety

All the stock market anxiety has evaporated. Seems the storm is over. Back to regularly scheduled programs.
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Old 11-01-2018, 03:35 PM   #2
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Is it all honky-dory now?

Time to sell?

PS. Sold 6 more out-of-the-money covered call contracts on various holdings today.
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Old 11-01-2018, 04:43 PM   #3
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I wouldn't hold my breath just yet. Still many variables at play between now and the end of the year. Mid term election, Fed rate hike and trade issues to name a few.
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Old 11-01-2018, 04:47 PM   #4
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Hey -- October is over. Gremlins and Goblins will be dormant for a year.
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Old 11-01-2018, 04:48 PM   #5
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Stocks go up, stocks go down. More ups than downs. Just need to make sure to croak before your money runs out.
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Old 11-01-2018, 04:50 PM   #6
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Ok so were just hunky but no dory. Unless there's some sort of blind side fraud or an unknown unknown we probably creep back to new highs as santa gets the sleigh gassed up. Wall st has bonus season coming up.
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Old 11-01-2018, 05:11 PM   #7
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Fed is on hold for the next 3 months indubitably.
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Old 11-01-2018, 05:11 PM   #8
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Quote:
Originally Posted by gauss View Post
Hey -- October is over. Gremlins and Goblins will be dormant for a year.
one of the worst months in the last 30 years?
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Old 11-01-2018, 05:14 PM   #9
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Friday will see a large hit against APPL. Kinda like AMZN redux.
Up is followed by Down. Then up again.
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Old 11-01-2018, 05:18 PM   #10
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I like the ups & downs without the downs.
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Old 11-01-2018, 05:40 PM   #11
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Come on Santa, bring a year-end rally to close the year with better results!
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Old 11-01-2018, 05:54 PM   #12
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Are you saying Apples gonna get juiced?
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Old 11-01-2018, 05:58 PM   #13
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Quote:
Originally Posted by Big_Hitter View Post
one of the worst months in the last 30 years?
Just earlier this year, the market dropped from 2873 to 2581 in late Jan/early Feb. It was a loss of 10.2% in about 2 weeks. The market did not recover until late August.

This time, it went from 2931 to 2641, a drop of 9.9%. It's still -6.5% from the top. It will not get back there any time soon.

Quote:
Originally Posted by target2019 View Post
... Up is followed by Down. Then up again.
The problem is when the ups are smaller than the downs.

Quote:
Originally Posted by Free bird View Post
Are you saying Apples gonna get juiced?
I don't own Apple shares, but do not like it when seeing it dropped -6.35% in after-hour trading after earning report earlier today after market close.

Tomorrow, the market may just turn 180 degrees and head south again.
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Old 11-01-2018, 06:07 PM   #14
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I heard it said were in a rolling correction. But are we rolling up hill or down hill?
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Old 11-01-2018, 06:11 PM   #15
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Up one foot, then down one yard. Rinse and repeat.
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Old 11-01-2018, 08:41 PM   #16
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I predict the Crapple miss got priced in last month.
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Old 11-01-2018, 11:01 PM   #17
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Typically the market corrects like this:
1) A bottom is established
2) There follows a failed rally ie suckers rally
3) The market retests in the region of the initial bottom
4) Recovery
Why does this happen? Who knows. Random chaos. In the absence of recessionary indicators, that's just the way it goes.
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Old 11-01-2018, 11:53 PM   #18
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It's just the script the market follows. Must be driven by some sort of Freudian thing.
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Old 11-02-2018, 12:08 AM   #19
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Evolutionary penchant for double bottoms ?
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Old 11-02-2018, 08:28 AM   #20
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Quote:
Originally Posted by Free bird View Post
Fed is on hold for the next 3 months indubitably.
I wouldn't count on that - up Jobs report this morning:
Quote:
In October, average hourly earnings for all employees on private nonfarm payrolls
rose by 5 cents to $27.30. Over the year, average hourly earnings have increased by
83 cents, or 3.1 percent. Average hourly earnings of private-sector production and
nonsupervisory employees increased by 7 cents to $22.89 in October. (See tables B-3
and B-8.)
source: https://www.bls.gov/news.release/empsit.nr0.htm

With 3.1 YoY wage growth, the Fed will continue to hit the brakes. God forbid workers actually make more.
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