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11-09-2016, 03:25 PM
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#16
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Registered User
Join Date: Jan 2006
Posts: 28,549
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Quote:
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Originally Posted by PaceAdvantage
Dow just hit an ALL TIME HIGH...NEW RECORD!
Viva Trump!
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In the other stock market thread, yesterday...you were calling yourself a "dope" for not buying some "cheap out-of-the-money PUTS". Now, a few hours later ...the stock market all-time-high gets a "Viva Trump"?
Never mind...I think I've overstayed my welcome here already. Bye! 
__________________
Live to play another day.
Last edited by thaskalos; 11-09-2016 at 03:26 PM.
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11-09-2016, 03:30 PM
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#17
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Registered User
Join Date: Nov 2009
Location: donkeys ride from ASD
Posts: 13,002
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Quote:
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Originally Posted by thaskalos
In the other stock market thread, yesterday...you were calling yourself a "dope" for not buying some "cheap out-of-the-money PUTS". Now, a few hours later ...the stock market all-time-high gets a "Viva Trump"?
Never mind...I think I've overstayed my welcome here already. Bye! |
Go to bed now! U over stayed your welcome.
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11-09-2016, 03:33 PM
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#18
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Registered User
Join Date: Jun 2005
Posts: 2,058
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Dow might close on a record high . . . must be a bitch when the facts keep refusing to conform to the desired narrative
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11-09-2016, 03:51 PM
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#19
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Registered User
Join Date: Mar 2013
Posts: 5,414
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Does someone know how to do CPR on a jackass err I mean Brian Williams 
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11-09-2016, 03:51 PM
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#20
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,589
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Quote:
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Originally Posted by thaskalos
In the other stock market thread, yesterday...you were calling yourself a "dope" for not buying some "cheap out-of-the-money PUTS". Now, a few hours later ...the stock market all-time-high gets a "Viva Trump"?
Never mind...I think I've overstayed my welcome here already. Bye! |
If I had bought some cheap out of the money puts, I would have been able to sell them this morning at a break even, slight loss, or even slight profit given the magnitude of the drop, so it wouldn't have been a strategy that would have hurt me.
Obviously, seeing the market down 900 points overnight, and seeing the market open not-so-much down this morning, I would have jettisoned those puts quickly.
But, now that I think about it, I'm not sure of your point here? Please explain.
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11-09-2016, 03:56 PM
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#21
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Quote:
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Originally Posted by Tor Ekman
Dow might close on a record high . . . must be a bitch when the facts keep refusing to conform to the desired narrative
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We're in for a interesting trough methinks. This fits with my narrative... not anyone's desired.
I would ignore the equity side and pay much closer attention to what is happening with the cost of money.
Housing should be fine just because there is no inventory but... we're gonna slow before we grow... if...
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11-09-2016, 04:14 PM
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#22
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$2 Showbettor
Join Date: Dec 2013
Location: The Villages
Posts: 2,578
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I'm not surprised that the market is up. This is Donald Trump, not Bernie Sanders. He's not going to do anything stupid. He's a businessman that knows how things work. Trump said he would reduce the income tax on corporations to 15%, which could be helping the market
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11-09-2016, 06:02 PM
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#23
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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For those interested ...
Gilead (GILD) closed today at $78.47, UP $4.43.... just sayin'.
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11-09-2016, 06:05 PM
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#24
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Charm school graduate
Join Date: Jun 2016
Posts: 1,902
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Remember when Marc Cuban said the stock market won't tank if trump wins?
Neither do I.
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11-09-2016, 09:41 PM
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#25
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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To be honest I thought the market would drop today --and I was up all night Election Day and saw the Dow futures crater a few times, and was chomping at the bit. It may still drop a bit this week or next but the long term outlook is definitely great, as I see it.
Hyperbole aside, I believe we are entering a generational buying opportunity. But we'll need to build long-term holding positions over a period of time. This could be done investing in quality, growing, cheap companies, not options, ETFs, mutual funds, or other trading products.
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