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12-20-2018, 05:44 PM
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#751
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Smarty Pants
Join Date: Sep 2001
Location: Every Vote Counts
Posts: 3,160
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Remain calm at all times.
Jim Mattis had an expiration date too apparently.
The United States is currently "mixing it up" with the World and my bets are all down.
Last edited by Buckeye; 12-20-2018 at 05:47 PM.
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12-20-2018, 08:57 PM
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#752
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Registered User
Join Date: May 2010
Posts: 5,005
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All self-inflicted wounds. Remember Boxcar's avatar about Obama, "One Big Ass Mistake, America"? Looks to me that he retired it 2 years too early!
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12-21-2018, 12:37 AM
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#753
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Registered User
Join Date: Jul 2013
Location: Seattle
Posts: 3,943
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Quote:
Originally Posted by cj
What is with these wild swings that seem to happen a few times a week the last few months? I don't ever remember this kind of craziness becoming almost normal in years past.
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They really aren't that wild. Oct 1987 when the DJIA dumped 500 pts it was nearly a quarter of the DJIA total. Today, it's not even 2.5% or a tenth of that. I know what you're saying CJ. It took me awhile to see a 450 pt gain and not say, "Whoa, what a day". I've gotten use to looking at my brokerage page, and toggling from pt loss of 200, to percentage loss of 0.8%.
DJIA is about 4100 pts off it's all time high, a drop of roughly 16%. I don't think the index reached 4100 in it's entire history until the '90s sometime.
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12-21-2018, 12:47 AM
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#754
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Registered User
Join Date: Jul 2013
Location: Seattle
Posts: 3,943
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I'm pissed about gas prices around the country compared to here. I think I paid $3.18 for mid-grade the other day. Reg unleaded just went under $3 this past weekend. Heating oil is $3.22. That's the low ball side of it at super markets and convenience stores. The national retailers like XOM, ARCO, and Texaco are about $0.30 higher across the board.
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12-21-2018, 01:06 AM
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#755
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Bombardier
Join Date: Sep 2003
Posts: 4,039
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Quote:
Originally Posted by ultracapper
I'm pissed about gas prices around the country compared to here. I think I paid $3.18 for mid-grade the other day. Reg unleaded just went under $3 this past weekend. Heating oil is $3.22. That's the low ball side of it at super markets and convenience stores. The national retailers like XOM, ARCO, and Texaco are about $0.30 higher across the board.
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That is because we pay a bullshit gas tax of 67.8 cents per gallon (18.4 Fed + 49.4 state). It could be worse, we could be in California. Still, your prices in Seattle are still higher than other areas. I paid $2.99 at Fred Meyer in Sumner tonight.
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They don't think it be like it is, but it do. ~O.Gamble
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12-21-2018, 03:01 AM
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#756
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Smarty Pants
Join Date: Sep 2001
Location: Every Vote Counts
Posts: 3,160
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Quote:
Originally Posted by Ocala Mike
All self-inflicted wounds. Remember Boxcar's avatar about Obama, "One Big Ass Mistake, America"? Looks to me that he retired it 2 years too early!
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See, that's an Unconstitutional Statement on your part if I read it correctly.
Do you think Obama should still be the President?
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12-21-2018, 07:53 AM
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#757
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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I am making a personal bet today as we are very close to the bottom of this down swing in the market.
I have 2-3 companies in mind to buy but I will not mention them until 12-31-18. On 12-31-19 I will list those stocks again with their closing prices.
There are too many positives happening in the economy and with the companies I am interested --plus the overall market-- not to be higher next year.
Good luck.
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12-21-2018, 09:24 AM
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#758
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Registered User
Join Date: May 2010
Posts: 5,005
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Quote:
Originally Posted by Buckeye
See, that's an Unconstitutional Statement on your part if I read it correctly.
Do you think Obama should still be the President?
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Of course not - I meant that Trump is the big mistake! Boxcar should recycle the avatar.
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12-21-2018, 09:29 AM
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#759
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by reckless
I am making a personal bet today as we are very close to the bottom of this down swing in the market.
I have 2-3 companies in mind to buy but I will not mention them until 12-31-18. On 12-31-19 I will list those stocks again with their closing prices.
There are too many positives happening in the economy and with the companies I am interested --plus the overall market-- not to be higher next year.
Good luck.
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The US economy is decelerating. If credit spreads stay elevated/widen further, things will slow further. Not a political statement (I prefer not to debate politics in the financial markets area; I'm sure I've failed in the past).
Collective (add up all the major central banks' actions) reverse QE continues - turned negative just recently. Big headwind.
I like your focus on individual names - please post and good luck.
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12-21-2018, 11:27 AM
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#760
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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Quote:
Originally Posted by Saratoga_Mike
The US economy is decelerating. If credit spreads stay elevated/widen further, things will slow further. Not a political statement (I prefer not to debate politics in the financial markets area; I'm sure I've failed in the past).
Collective (add up all the major central banks' actions) reverse QE continues - turned negative just recently. Big headwind.
I like your focus on individual names - please post and good luck.
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whenever new markets for goods and services opens up in the world, the US markets went up. now it looks like we are backing away from emerging markets and the regular places that we did business with have implemented large tariffs against our goods. right here and right now, we are in a big economic war that has not yet been decided.
the China mandate has always been to take over the world, they cannot win with military, but they are sure doing a good job economically.
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12-21-2018, 03:44 PM
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#761
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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Quote:
Originally Posted by Saratoga_Mike
Where are the key support levels on the S&P in the opinion of technically oriented posters?
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i was looking for some real support and the only case i can make is the market went up to fast in the last 2 years so there really isn't any good support until it goes substantially lower than 2 years ago.
i am not saying you won't get a dead cat bounce at some point, but that will make for some real good shorting opportunities.
you may want to pick some individual stocks and find the needle in the haystack, but its not worth it at this point in time. you are better off waiting for the bounce and play short at that time.
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12-21-2018, 03:53 PM
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#762
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Veteran
Join Date: Jun 2002
Location: near Philadelphia
Posts: 4,560
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Quote:
Originally Posted by reckless
I am making a personal bet today as we are very close to the bottom of this down swing in the market.
I have 2-3 companies in mind to buy but I will not mention them until 12-31-18. On 12-31-19 I will list those stocks again with their closing prices.
There are too many positives happening in the economy and with the companies I am interested --plus the overall market-- not to be higher next year.
Good luck.
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I bought Coca-Cola (KO) this afternoon at $47.50 or so. Never ever looked at KO before but two events happened this year that I like, alot:
(1) KO sold off their bottlers and that is a big plus for someone such as myself that looks at Free Cash Flow as the major investing metric. Too much capital expenditures in the past and the bottling plants were a huge drain on cash flow.
(2) The company also named a young, new CEO who seems like he has the goods. Times will tell.
3.2% dividend yield for a company entering a (possible) growth phase while the money managers look at other companies to chat up is OK by me. I do not think KO is on anyone's radar screen.
Plus, finally, I am betting that rates will be lower or flat in 2019 and not higher, despite J. Powell's attempt to kill the Trump economy.
Not sure yet if this is it for me for 2018. I just don't like the way the market is playing.
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12-21-2018, 04:26 PM
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#763
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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the volume on this move is huge. usually, when markets move down, they go down pretty fast.
there is no fear in the market, that is a problem in paradise. market bottoms don't come without fear into. there are no real levels for support now and the math looks ugly for this very fast acceleration on the way down.
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12-21-2018, 05:40 PM
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#764
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by reckless
I bought Coca-Cola (KO) this afternoon at $47.50 or so. Never ever looked at KO before but two events happened this year that I like, alot:
(1) KO sold off their bottlers and that is a big plus for someone such as myself that looks at Free Cash Flow as the major investing metric. Too much capital expenditures in the past and the bottling plants were a huge drain on cash flow.
(2) The company also named a young, new CEO who seems like he has the goods. Times will tell.
3.2% dividend yield for a company entering a (possible) growth phase while the money managers look at other companies to chat up is OK by me. I do not think KO is on anyone's radar screen.
Plus, finally, I am betting that rates will be lower or flat in 2019 and not higher, despite J. Powell's attempt to kill the Trump economy.
Not sure yet if this is it for me for 2018. I just don't like the way the market is playing.
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I went one post without violating what I just said, so call me a liar, but I can't let this pass. Who the hell appointed Powell? Yellen was an uber dove - that's what Trump wanted, but he couldn't keep an Obama appointee. So if Powell tanks anything, the Stable Genius owns it. No one, and I mean no one, thought Powell was as dovish as Yellen. Actually, he was thought to be the most hawkish Fed chair since Volker. Buck stops at DJT's desk. Sorry, he wanted all the credited, so now he takes all the blame.
All of the above said, I do wish you the best of luck with KO.
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12-21-2018, 05:41 PM
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#765
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by lamboguy
the volume on this move is huge. usually, when markets move down, they go down pretty fast.
there is no fear in the market, that is a problem in paradise. market bottoms don't come without fear into. there are no real levels for support now and the math looks ugly for this very fast acceleration on the way down.
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I can't believe the VIX isn't going absolutely nuts to the upside, so I agree with your comment.
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