|
|
09-18-2013, 12:06 PM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
No taper
Did not see that one coming and I suspect that the market did not either. Must be chaos anywhere trading is done in pretty much anything.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
09-18-2013, 12:20 PM
|
#2
|
Full time employment: Posting here.
Join Date: Mar 2008
Posts: 800
|
That is true.
|
|
|
09-18-2013, 12:22 PM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
akck, are you trying to make me salivate? Gone are the days when I had one on my desk. Now I don't even have on in the building.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
09-18-2013, 12:28 PM
|
#4
|
Full time employment: Posting here.
Join Date: Mar 2008
Posts: 800
|
Perks of the j*b. Soon to be gone.
|
|
|
09-18-2013, 12:59 PM
|
#5
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Stocks loved it, gold stocks loved it even morel. I can't see how any of this can help true buy and hold investors, but it can sure help traders.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
09-18-2013, 01:02 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
|
Hmm, so my Nokia $6 call options are up 300% now...QE infinity and beyond!
Who said we can't have a 20% SWR in retirement
|
|
|
09-18-2013, 01:02 PM
|
#7
|
Thinks s/he gets paid by the post
Join Date: Mar 2011
Location: North TX
Posts: 1,834
|
Quote:
Originally Posted by haha
Stocks loved it, gold stocks loved it even morel. I can't see how any of this can help true buy and hold investors, but it can sure help traders.
Ha
|
Not a trader, but pumped ours 1.67%. Finally the reits are performing...
|
|
|
09-18-2013, 01:02 PM
|
#8
|
Thinks s/he gets paid by the post
Join Date: Feb 2012
Posts: 1,495
|
I understand the impact of the Fed's actions driving interest rates lower, but it always strikes me as somewhat schizoid that when something like this happens, it's the markets saying "Woohoo! Things really aren't as good as we thought they were...so let's go out and buy some more stocks!!!!"
|
|
|
09-18-2013, 01:37 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Quote:
Originally Posted by haha
Stocks loved it, gold stocks loved it even morel. I can't see how any of this can help true buy and hold investors, but it can sure help traders.
Ha
|
Check out foreign stocks and bonds, such as SCHF and GIM.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
09-18-2013, 01:41 PM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
The market giveth, the market taketh away...
But I'll take the nice bump up for now.
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
09-18-2013, 02:04 PM
|
#11
|
gone traveling
Join Date: Sep 2003
Location: DFW
Posts: 7,586
|
Congress will take care of this spike shortly; I'd get ready for quick reversal
|
|
|
09-18-2013, 02:31 PM
|
#12
|
Recycles dryer sheets
Join Date: Jan 2011
Posts: 57
|
I agree with H20Dude - economy still bad, so it's a good time to buy stocks Sometime we have to stop inflating the money supply. There is no action without a reaction.
But I am like everyone else - short term I will take my profits on paper from the spike.
|
|
|
09-18-2013, 02:38 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
|
Wow, what a nice bump today. But as others have said, probably temporary.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
09-18-2013, 02:58 PM
|
#14
|
Recycles dryer sheets
Join Date: Sep 2008
Posts: 401
|
I just hope to be long gone when this bubble pops. The Fed will probably never be able to stop tap or raise the rates since the debt will become more expensive, social security checks will have to be adjusted for higher CPI: Assuming that we actually measure thing that we consume.
|
|
|
09-18-2013, 03:01 PM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: irradiated - too close to the nuclear furnace
Posts: 1,294
|
Just about everyone being talked to on CNBC for weeks was positive they'd start the taper. Maria and Bill were among the very few that said no. I agree with them how could they start with the economy as it is. That said I was shocked when they announced it at 2 pm. So much for the consensus thinks!
I wish the 10 yr Treasury would drop a bit, it was down to 2.76 but not sure where it was after 2:30. I have gotten clobbered on Vg TIPS MF and should have gotten out a month or 2 ago. I want to up the AA to equities but with the S&P 500 and the DJIA at all time highs, again at 2:30 not sure where they closed, it just makes no sense to buy equity MFs now despite the fact so many say the market is a buy as it's under valued. Same ones that thought the taper was in today too! A 7-10% pull back would be great but they buy at any drop so there may be none. We've had only 2 5% drops and the markets have got straight up since last November.
|
|
|
09-18-2013, 03:10 PM
|
#16
|
Recycles dryer sheets
Join Date: Jun 2011
Location: Hollywood
Posts: 50
|
Yeah that was a surprise. I did a strangle option on SLV, up 500% today, and bought silver miners with tight stops for a nice 10% move. Hopefully there will be some follow through tomorrow, where I will begin fading out of these positions.
I plan to rinse and repeat for the next FED meeting. The strangle option play is especially nice for days like this with knee jerk moves.
|
|
|
09-18-2013, 03:12 PM
|
#17
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Quote:
Originally Posted by brewer12345
Check out foreign stocks and bonds, such as SCHF and GIM.
|
Interestingly, emerging bonds bottomed in June, and diverged from treasuries until today.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
09-18-2013, 03:15 PM
|
#18
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
|
|
|
|
09-18-2013, 03:22 PM
|
#19
|
Recycles dryer sheets
Join Date: Oct 2012
Location: Minneapolis 'burbs
Posts: 382
|
Quote:
Originally Posted by H2ODude
I understand the impact of the Fed's actions driving interest rates lower, but it always strikes me as somewhat schizoid that when something like this happens, it's the markets saying "Woohoo! Things really aren't as good as we thought they were...so let's go out and buy some more stocks!!!!"
|
Yeah, it strikes me as schizoid too. I'm starting to feel like the market as a whole is really overheated and a correction is coming soon, but the late 90s showed that this can go on for quite a while before the chickens come home to roost.
|
|
|
09-18-2013, 03:24 PM
|
#20
|
Thinks s/he gets paid by the post
Join Date: Jul 2012
Location: Mississippi
Posts: 1,894
|
Quote:
Originally Posted by veremchuka
Just about everyone being talked to on CNBC for weeks was positive they'd start the taper. Maria and Bill were among the very few that said no. I agree with them how could they start with the economy as it is.
|
Exactly. That is what the FED has been saying for that last few meetings. No taper, no rate increase because none of their criteria has been met. But most of the media trying to get ahead and over think and seemingly ignoring what was said, trying to read too much between the lines.
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|