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12-04-2018, 01:04 PM
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#41
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Recycles dryer sheets
Join Date: May 2013
Posts: 327
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12-04-2018, 01:06 PM
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#42
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-04-2018, 01:10 PM
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#43
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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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what rally?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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12-04-2018, 02:05 PM
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#44
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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 Quote:
Originally Posted by joeea
Can you tell us more about your very selective reading, where everything is cheery and bright with rainbows and unicorns?
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For example, the article Dow plunges more than 600 points on confusion over status of U.S.-China trade deal starts with the contradictions to what trump said and the headline is negative but then it says "White House National Economic Council Director Larry Kudlow said there wasn’t an actual agreement for China to remove auto tariffs, but that he expected China to eventually do it as a measure of good faith."
Then there's the self explanatory Trump holds out possible extension on 90-day China trade truce
Quote:
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And since the market is closed, I'm guessing there won't be much of a rally tomorrow. At least that's what I read.
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I think I meant Thursday.
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12-04-2018, 02:08 PM
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#45
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2011
Location: NC Triangle
Posts: 5,807
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Tariff relief rally
For once, I actually seem to have done something right (though unwittingly). I sold a fair amount of Fidelity Contrafund and Total Stock Market in a retirement account yesterday in preparation for 2018 withdrawal soon.
This whipsaw market is something else.
__________________
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12-04-2018, 02:10 PM
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#46
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gone traveling
Join Date: Mar 2015
Posts: 3,508
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Quote:
Originally Posted by Boho
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The updated version starts:
"The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal."
LOL! If those two article comprise the "everything I read" list, I think you may need to expand your field a bit.
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12-04-2018, 02:15 PM
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#47
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Thinks s/he gets paid by the post
Join Date: Feb 2017
Posts: 1,844
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Quote:
Originally Posted by joeea
The updated version starts:
"The economic agreement President Trump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unraveling Tuesday, with the White House threatening new penalties against Beijing and multiple officials seeking to downplay expectations for an eventual deal."
LOL! If those two article comprise the "everything I read" list, I think you may need to expand your field a bit.
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Yeah, the BS about what was already reached was BS, but there's still the practical entirety of the 90 days which could then be extended.
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12-04-2018, 02:15 PM
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#48
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,992
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Went from 50% cash to 85% on Friday, since I am almost next door to Argentina I got the "news" a bit sooner! 
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12-04-2018, 05:28 PM
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#49
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Quote:
Originally Posted by Boho
....I think people will start realizing this and stocks will rally tomorrow. ...
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Boho, I'll bet you $100 that stocks will NOT rally tomorrow.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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12-04-2018, 05:39 PM
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#50
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by pb4uski
Boho, I'll bet you $100 that stocks will NOT rally tomorrow.
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Especially with the markets closed! 
Turned out the Dow was down nearly 800 points, over 3%. Whew. If there isn't a rally on Thursday, we might be in for a rough ride.
Or not.  Honestly I have no clue.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-04-2018, 05:42 PM
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#51
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,370
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Yeah, I thought it was a pretty safe bet.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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12-04-2018, 05:51 PM
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#52
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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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What relief rally? Today, I lost a bit less than 2x the amount I gained yesterday.
Did not sell anything yesterday, not even any call options. Thought I would wait till today to write some covered calls, but nooo, I was greedy and the chance was gone. Now, I am just glad I did not buy anything.
This market is really treacherous. But this makes life interesting. 
__________________
"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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12-04-2018, 07:37 PM
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#53
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Quote:
Originally Posted by pb4uski
Boho, I'll bet you $100 that stocks will NOT rally tomorrow.
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Good one!
__________________
Retired since summer 1999.
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12-04-2018, 07:41 PM
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#54
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by W2R
........ Honestly I have no clue.
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I know, but I'm not telling. 
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12-04-2018, 07:45 PM
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#55
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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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Ah, come on! Not even in your newsletter, available for $100/month subscription?
__________________
"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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12-04-2018, 07:50 PM
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#56
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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: 9,720
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12-04-2018, 07:51 PM
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#57
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Quote:
Originally Posted by NW-Bound
Ah, come on! Not even in your newsletter, available for $100/month subscription?
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Well...for you...FAX me a $100 bill and I'll share what I know guess.
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12-04-2018, 08:23 PM
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#58
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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If we forum members aren't ready for another hit as bad as, or worse than the Great Recession of 2008-2009, we never will be! We have been expecting it and preparing for it for such a very long time.
I expect it will be less than exciting if/when it hits. What an anticlimax. "The market dropped a billion percent? Ho hum, no big deal." 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-04-2018, 08:32 PM
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#59
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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Patience, young grasshopper...
__________________
Numbers is hard
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12-04-2018, 08:54 PM
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#60
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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: 9,720
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Quote:
Originally Posted by REWahoo
Patience, young grasshopper...
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Master Po, what is the meaning of life?
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The NYSE doesn't close for an hour and a half, and it is already down 700 points, at this instant. What a huge drop. 
I hadn't read your post and just went innocently/casually looking at the market levels, only to discover this mess.
Well I don't know! Somehow I'm just not "feeling it" right now. 
