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Market correction anxiety
11-01-2018, 02:34 PM
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#1
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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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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11-01-2018, 02:35 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-01-2018, 03:43 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,871
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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.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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11-01-2018, 03:47 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Aug 2011
Posts: 3,587
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Hey -- October is over. Gremlins and Goblins will be dormant for a year.
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11-01-2018, 03:48 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Jan 2008
Posts: 1,644
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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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11-01-2018, 03:50 PM
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#6
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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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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11-01-2018, 04:11 PM
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#7
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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Fed is on hold for the next 3 months indubitably.
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11-01-2018, 04:11 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by gauss
Hey -- October is over. Gremlins and Goblins will be dormant for a year.
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one of the worst months in the last 30 years?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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11-01-2018, 04:14 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Location: On a hill in the Pine Barrens
Posts: 9,669
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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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11-01-2018, 04:18 PM
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#10
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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I like the ups & downs without the downs.
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11-01-2018, 04:40 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,344
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Come on Santa, bring a year-end rally to close the year with better results!
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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11-01-2018, 04:54 PM
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#12
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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Are you saying Apples gonna get juiced?
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11-01-2018, 04:58 PM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by Big_Hitter
one of the worst months in the last 30 years?
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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
... Up is followed by Down. Then up again.
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The problem is when the ups are smaller than the downs.
Quote:
Originally Posted by Free bird
Are you saying Apples gonna get juiced?
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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.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-01-2018, 05:07 PM
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#14
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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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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11-01-2018, 05:11 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Up one foot, then down one yard. Rinse and repeat.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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11-01-2018, 07:41 PM
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#16
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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I predict the Crapple miss got priced in last month.
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11-01-2018, 10:01 PM
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#17
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Recycles dryer sheets
Join Date: Feb 2018
Posts: 51
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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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11-01-2018, 10:53 PM
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#18
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Full time employment: Posting here.
Join Date: Dec 2013
Posts: 774
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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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11-01-2018, 11:08 PM
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#19
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Full time employment: Posting here.
Join Date: Sep 2016
Location: Way up North
Posts: 561
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Evolutionary penchant for double bottoms ?
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11-02-2018, 07:28 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,944
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Quote:
Originally Posted by Free bird
Fed is on hold for the next 3 months indubitably.
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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.)
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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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