Siestatime
Recycles dryer sheets
- Joined
- Jan 1, 2013
- Messages
- 63
Momentous, 2B! I wish you all the best.
Sent from my iPad using Early Retirement Forum
Sent from my iPad using Early Retirement Forum
What we have right now is known as a short squeeze.Crash? Watch what happens today.
What we have right now is known as a short squeeze.
By late Tuesday, so many shorts had piled on that when oil stopped going down, and stocks started to rise a little, they had to cover. That can drive a big "whoosh" to the upside.
Market timing can be so lucrative, but I am not good at it hence only play with a bit of money for fun.
On an average day, only 1 or 2% of stock shares change hand. Yet, the price they trade at sets the valuation for the entire market. It's not any different than the settled price for one home in the neighborhood setting the comp for the entire block.Exactly. I've come to consider these events as simply the way career investors/day traders make their money. It goes down so that it can go up.
I'm not very good at it either, I just prefer to think of it as common sense to buy more when something like energy or healthcare drop substantially because it's just a matter of time before they go back up. Over history my buy decisions have proven to be better then my sell decisions.
Here we go right back on up......WHEEEE.......Come on W2R........WHEEEE.
On an average day, only 1 or 2% of stock shares change hand. Yet, the price they trade at sets the valuation for the entire market.
Here we go right back on up......WHEEEE.......Come on W2R........WHEEEE.
Come on Kiddo, S an P up 75pts. in 2 days. Of course day is not out yet.Not feeling it today! So, you are safe for now.
Exactly. I've come to consider these events as simply the way career investors/day traders make their money. It goes down so that it can go up.
Not feeling it today! So, you are safe for now.
Agreed - not that exciting until we cross 2070.
This is a book that I knew about and would love to read. However, it is only available as an expensive hard cover, and the local library has it in the Reference section and will not allow it to be checked out.
NW-Bound said:On an average day, only 1 or 2% of stock shares change hand. Yet, the price they trade at sets the valuation for the entire market.
This is a really good point. So when your portfolio ends the day up or down $50K it really doesn't unless you sell the entire kitten kaboodle that day.
Here is a link to general summary from a speech by one of the authors:
http://www.econ.uniurb.it/materiale/2781_triumph_of_the_optimists.pdf
What do you feel is significant about 2070?
That's right that it does not count unless you sell. And I want to buy-low/sell-high/rinse/repeat to get more and more money. If I know how.
You see, when the market goes down and people get scared, I myself wish I have more cash to buy. I always have cash on hand, but I am not that stupid to throw it all in the ring. And in order to have more cash, I need to be able to sell high to raise cash in advance.
Once you do one thing right, then it is easier to do the next right thing. Buy, sell, buy, sell... Just thinking of the money that can be made bring tears to one's eyes.