View Poll Results: Who is “selling” Mondays “dead cat bounce “? Please comment “why” and what below!
|
I am selling equities on Mondays dead cat stock market bounce
|
|
10 |
10.87% |
I am buying equities on Mondays dead cat stock market bounce
|
|
8 |
8.70% |
I am staying the course
|
|
74 |
80.43% |
|
|
03-09-2020, 03:48 PM
|
#41
|
Recycles dryer sheets
Join Date: Nov 2011
Posts: 102
|
I've been staying the course and just re-balancing a bit from my least-affected holdings to my most-affected holdings. Should give me some minor gains in the long run.
|
|
|
|
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!
|
03-10-2020, 06:27 AM
|
#42
|
Thinks s/he gets paid by the post
Join Date: Apr 2013
Location: Gosport, IN
Posts: 1,218
|
Bought more yesterday.
|
|
|
03-10-2020, 06:55 AM
|
#43
|
Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,192
|
I did some tax loss harvesting to offset the additional Roth conversion I also did yesterday. This freed up more cash for future opportunities. At the beginning of the year I was 70/30 tax deferred/tax free and as of this morning I'm 60/40 @ 9% fed rate which I'm good with.
|
|
|
03-10-2020, 10:06 AM
|
#44
|
Full time employment: Posting here.
Join Date: Feb 2019
Location: NC
Posts: 568
|
Quote:
Originally Posted by wmc1000
Bought more yesterday.
|
+1. Added SPY, BX to maintain my AA after drop.
|
|
|
03-10-2020, 10:13 AM
|
#45
|
Thinks s/he gets paid by the post
Join Date: Jan 2013
Location: SoCal, Lausanne
Posts: 4,408
|
I bought short term notes yesterday and have bids in for several more today. I expect my money market fund yields will plummet over the next two weeks and need to move quickly to replace my money market holdings.
|
|
|
03-10-2020, 11:09 AM
|
#46
|
Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
|
I plan to hold off rebalancing until April. I don’t see the market surging to its previous highs any time soon and the risk of another 10-20% decline is imho quite real.
If we don’t have widespread transmission in the USA and Europe is not shut down I think it will be realistic to get back in fully and I am confident it won’t be any higher than prices in mid February.
|
|
|
03-10-2020, 01:49 PM
|
#47
|
Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,396
|
Is the dead cat still bouncing?
|
|
|
03-10-2020, 07:03 PM
|
#48
|
Dryer sheet wannabe
Join Date: Mar 2020
Posts: 23
|
Quote:
Originally Posted by wmc1000
Bought more yesterday.
|
Ditto...so much value in the markets these days. Even with the "bounce" many compnaies remain very attractive.
|
|
|
03-11-2020, 02:55 AM
|
#49
|
Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
|
I think the value “right now” is more in specific companies than the market as a whole.
|
|
|
03-11-2020, 03:46 AM
|
#50
|
Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 2,232
|
staying the course, because I don't know if it's a "dead cat bounce", or "an angry cat who was taking a nap and is now going to scratch someone's eyes out"...
Now, if I just only knew.....
|
|
|
03-11-2020, 04:33 AM
|
#51
|
Recycles dryer sheets
Join Date: Jan 2011
Posts: 57
|
Did some buying with some of the mad money in my 401k
|
|
|
03-11-2020, 05:26 AM
|
#52
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
|
Quote:
Originally Posted by BeachOrCity
I plan to hold off rebalancing until April. I don’t see the market surging to its previous highs any time soon and the risk of another 10-20% decline is imho quite real.
If we don’t have widespread transmission in the USA and Europe is not shut down I think it will be realistic to get back in fully and I am confident it won’t be any higher than prices in mid February.
|
+1
Looks like just a dead cat bounce yesterday.
__________________
TGIM
|
|
|
03-11-2020, 05:56 AM
|
#53
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
|
Quote:
Originally Posted by JustCurious
Is the dead cat still bouncing?
|
I expect we’ll see many of those type bounces after big drop days.
__________________
Retired since summer 1999.
|
|
|
03-11-2020, 05:56 AM
|
#54
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
|
Quote:
Originally Posted by BeachOrCity
I think the value “right now” is more in specific companies than the market as a whole.
|
Agreed!
__________________
Retired since summer 1999.
|
|
|
03-11-2020, 05:59 AM
|
#55
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
|
Quote:
Originally Posted by Dtail
+1
Looks like just a dead cat bounce yesterday.
|
That to me looked like trying to promise the market candy to cheer it up. Are we now in a give me candy or I’m going to have a big tantrum mode?
__________________
Retired since summer 1999.
|
|
|
03-11-2020, 06:06 AM
|
#56
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,298
|
Quote:
Originally Posted by audreyh1
That to me looked like trying to promise the market candy to cheer it up. Are we now in a give me candy or I’m going to have a big tantrum mode?
|
Yeah something like that.
2 of the largest upswing % days were in the fall of 2008. This appears similar, although the situation is not as dire as 2008.
__________________
TGIM
|
|
|
03-11-2020, 07:58 AM
|
#57
|
Full time employment: Posting here.
Join Date: Jun 2016
Posts: 889
|
Quote:
Originally Posted by Dtail
Yeah something like that.
2 of the largest upswing % days were in the fall of 2008. This appears similar, although the situation is not as dire as 2008.
|
As I try to think thru this in terms of longer term risk, I believe corporate debt levels are the biggest issue. Many companies in the US (and world I assume) are very highly leveraged given how good the economy is (cheap rates for debt to buy back stock for example).
The risk is people staying home can kind of have a cascading effect on multiple industries and can these companies service their debt if this goes on for long? Its a question I don't know the answer to, but that IMHO is the longer term risk to the economy and markets.
Its anyones guess, but if we end up like "italy" for example, I think there will be numerous corporate defaults and its wait and see if gov't comes to the rescue.
The only risk avoidance here is to check your bond allocation and move it where there is little to no BBB, and preferably gov't debt. If you haven't already.
|
|
|
03-11-2020, 08:21 AM
|
#58
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,140
|
I agree that the high level of corporate debt is a serious concern.
Quote:
Corporations around the world have begun issuing profit warnings and curbing activities, as more than 96,500 people have been infected by the coronavirus globally and over 3,300 people have died, according to a Reuters tally. The U.S. death toll stands at 11, in Washington state and in California. New York’s governor said on Thursday that 22 people in New York have the virus.
Junk bonds are pricing in a higher level of default and spreads over safer Treasuries have widened to 475 basis points from 403 at the start of February, using the ICE/BofA high yield index. February’s widening was the largest the index has seen since December 2018.
|
https://www.reuters.com/article/us-h...-idUSKBN20S2U0
__________________
Retired since summer 1999.
|
|
|
03-11-2020, 08:28 AM
|
#59
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,363
|
I'll probably sell some in the next day or two to fund topping off a 3.5% CD I bought last year that I found out I can add to as longs as I do so before 4/30. When I first bought it I put in an amount so at the end of the 5 year term it would be at the FDIC limit with interest... I'll now top if up to the FDIC limit and periodically skim off the interest to bring the principal back down to the FDIC limit.
__________________
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
|
|
|
03-11-2020, 09:46 AM
|
#60
|
Full time employment: Posting here.
Join Date: Feb 2019
Location: NC
Posts: 568
|
Quote:
Originally Posted by BeachOrCity
I think the value “right now” is more in specific companies than the market as a whole.
|
That may be so. Wish I was smart enough to know which to buy though.
This latest round of volatility from CoV business impact has made me re-think the individual stock approach. Once the dust settles I'm going to gradually migrate my "hand picked" stock portfolio into low fee ETFs.
(I got kicked pretty hard by oil.)
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
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
|
|
|