Market Looks Happy this Morning

[steelyman]

Another auto-rebalance courtesy of the market as we approach the end of the first quarter. The YTD performance thread will reawaken soon.

 

[kgtest]

Anyone notice an inverted yield curve this morning? The 2-5 year Treasuries are yielding less than the 3-12 months. The 10 year is also inverted.

You nailed it. That news on the t bill and the quick drop in rates was enough to spike the punch. Parties over...or just getting started?

 

[38Chevy454]

Well, as of now about 1 hour before market close it is down a little over 1%. While I prefer up 1%, daily swings of +/- 1% are the new normal it seems. So nothing to get excited about for now. In fact the market was down more and has recovered some as the day has went along. The big question is will it tank at the end of day when the big computer driven traders need to sell?


I do think some of today's results are mostly a knee jerk reaction to the inverted yield news. So wait for the opposite reaction once the panic is over.

 

[SecondCor521]

Also, to put it in perspective, the S&P500 dropped less than 22 points this week, or about 78 basis points.

 

[street]

Wow! Just got in to what happened today. Not a happy day today.

Anyone notice an inverted yield curve this morning? The 2-5 year Treasuries are yielding less than the 3-12 months. The 10 year is also inverted.

I just read that is ^ this not a good sign.

 

[NW-Bound]

Uh oh, the market is not happy today.

It has not opened as of this writing, but the futures are down.

Right after I made the above post, the market opened (6:30AM my time). Everything was going down, but I did not sell anything.

I had a couple of out-of-the-money cash-covered put options out with April expiry, and had a bit of gains on them, and these gains were dwindling.

So, I bought back the one that was closer to being assigned, and let the other be. Made a measly $112.

Went back to sleep and did not wake up till 2 hours later. Looked at my portfolio again as I was having my tea. Darn!

The only things that are up good today are my shorted covered call options. But as usual, the gain on them is only 1/10 of what I lost on the stocks.

Oh well, it is still better than not selling these options.

 

[street]

^ interesting. It just amazes how you can keep all that selling and buying straight. I'm not sure I could handle all that up and down markets with me in control. I really do admire you and people that play the trade game.

 

[audreyh1]

^ interesting. It just amazes how you can keep all that selling and buying straight. I'm not sure I could handle all that up and down markets with me in control. I really do admire you and people that play the trade game.

I certainly can’t! Nor do I want to!

But many folks enjoy it.