Running_Man
Thinks s/he gets paid by the post
- Joined
- Sep 25, 2006
- Messages
- 2,844
Update: Since the start of the thread the S&P 500 is down some chump change about 5%, that is certainly not a significant percentage. However, while there is some concern about the stock market being reflected off of the concern of trade wars, there is less fear today about the stock market, right were it was at back in February, than there was then in February. Now is a even more confident buy of the dip.
My suspicion is that next week is going to be a very interesting week. There is the perfect trifecta of excuses for a falling stock market to be blamed on, Dow Theory Sell, breaking below the 200 day moving average and the tariff impacts that can be attached to any sell and be given as the reason for a general panic sell in the stock market. I do not think any of them would be responsible for a falloff if it occurs, but they make convenient chairs in the musical game of finance responsibility.
The economy is in no condition to endure a falling stock market, and what to me is just a mathematically logical consequence of a large stock market break seems to be totally dismissed, so if the market would turn up from here I will be genuinely happy.
There was an earlier question in the thread I never answered as to what my actual equity holdings were as I could hold from other investments, I hold no equity positions of any kind. My actual equity holding is net 1.5% negative as I put 1% of my portfolio in Home Depot puts that are up 50% in value since I purchased them.
My suspicion is that next week is going to be a very interesting week. There is the perfect trifecta of excuses for a falling stock market to be blamed on, Dow Theory Sell, breaking below the 200 day moving average and the tariff impacts that can be attached to any sell and be given as the reason for a general panic sell in the stock market. I do not think any of them would be responsible for a falloff if it occurs, but they make convenient chairs in the musical game of finance responsibility.
The economy is in no condition to endure a falling stock market, and what to me is just a mathematically logical consequence of a large stock market break seems to be totally dismissed, so if the market would turn up from here I will be genuinely happy.
There was an earlier question in the thread I never answered as to what my actual equity holdings were as I could hold from other investments, I hold no equity positions of any kind. My actual equity holding is net 1.5% negative as I put 1% of my portfolio in Home Depot puts that are up 50% in value since I purchased them.