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04-21-2022, 06:25 PM
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#3676
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
That was an impressive dump today...dropped about 120 points from the high of the day today on the S&P...
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The market seems to be surprised every time more talk about rising rates hits the wire. It's odd to me as anyone with half a brain should already know that rate hikes (even 50 points) are coming.
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04-22-2022, 07:37 AM
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#3677
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by Rex Phinney
The market seems to be surprised every time more talk about rising rates hits the wire. It's odd to me as anyone with half a brain should already know that rate hikes (even 50 points) are coming.
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Yes, everyone knows....
but has market adjusted already or is adjusting
so that the news doesn't set things aflame
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04-22-2022, 09:37 AM
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#3678
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Registered User
Join Date: Jan 2007
Posts: 1,131
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Quote:
Originally Posted by Tape Reader
Bot: .SPY220429P438@6.00
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Out at 6.10.
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04-22-2022, 11:12 AM
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#3679
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by geroge.burns99
Yes, everyone knows....
but has market adjusted already or is adjusting
so that the news doesn't set things aflame
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No way has the market fully adjusted. I always hear that these rate changes are “already baked” and the market hasn’t even begun to feel it yet. We’ve had a rate increase appetizer, that’s all.
This is only supported by the dip the last few days, people are daytrading the shit out of this volatility.
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04-22-2022, 02:34 PM
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#3680
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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So yesterday, S&P futures hit a high of 4509 intraday...it has since dropped (almost straight down) 219 points since yesterday morning...currently sitting at 4290 and showing no signs of stopping
Maybe 4250 will provide some resistance if it keeps dropping? From there it's down to 4100-4140 level...
Last edited by PaceAdvantage; 04-22-2022 at 02:36 PM.
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04-22-2022, 05:00 PM
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#3681
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
So yesterday, S&P futures hit a high of 4509 intraday...it has since dropped (almost straight down) 219 points since yesterday morning...currently sitting at 4290 and showing no signs of stopping
Maybe 4250 will provide some resistance if it keeps dropping? From there it's down to 4100-4140 level...
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What’s the low for the year? Whatever that is it’s the next test.
50 basis points sounds like a done deal.
And keep in mind, we don’t have even a hint, not a single sliver of bad earnings news yet.
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04-22-2022, 08:40 PM
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#3682
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by Rex Phinney
What’s the low for the year? Whatever that is it’s the next test.
50 basis points sounds like a done deal.
And keep in mind, we don’t have even a hint, not a single sliver of bad earnings news yet.
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next week...big boy earnings
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04-22-2022, 08:56 PM
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#3683
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,654
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Quote:
Originally Posted by geroge.burns99
next week...big boy earnings
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if Apple or Mr. Softie have one ounce of disappointment, look out below.
the question is do interest rates really have an impact on these great companies. i think that everything gets re-priced, no matter how good the company is. those 2 big ones will go down, just not as much as others. it is not the time to own stocks that are selling for 250 times next year's earnings!
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04-23-2022, 12:17 AM
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#3684
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Registered User
Join Date: Mar 2017
Posts: 1,032
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Will be an interesting week.
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04-23-2022, 07:30 AM
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#3685
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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I hope all the idiot youtubers keep put out all the value stocks out there...
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04-24-2022, 10:55 AM
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#3686
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Educated Speculation
Join Date: Feb 2014
Location: Where Palm Trees Sway
Posts: 914
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As long as we're experiencing rising interest rates, let's get it over with and go back to a 3 month CD rate at an interest percentage where we don't have to rely on shaky markets to grow our investment portfolios. Heck, let's go to a 1980 level 3 month CD rate of 18.65 percent. I'll pull all of my market investments and sit on almost 19 percent guaranteed interest and call it done.
I fully expect my mutual fund portfolios (as conservative as they are) to be solidly in the red throughout the next 12 months. Luckily, I'm (hopefully) young enough to recoup my losses and more in the next 5 to 10 years. If I were 10 years older, I'd be far more concerned about the markets than I am now.
I wish I'd sold a few stocks short on Thursday, that's for sure. Opportunity lost, but then, I'm not really a bear investor.
__________________
"Horse Sense" is the thing a horse has which keeps it from betting on people.
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04-24-2022, 12:01 PM
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#3687
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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I've never been much of an investor...I leave that to 401ks and Roth IRAs....
But I'm curious why when the market is obviously not in an uptrend, some of you investors don't short the QQQs and SPYs as a hedge? This way you can offset at least some of the downward risk going forward.
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04-24-2022, 12:26 PM
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#3688
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,654
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i don't know why anyone would want to be invested in any equity including gold miners. gold is probably heading down now in sympathy with the rest of the market. so far these daily drops have been minimal percentage-wise. what happens when the s+p takes a 5 or 10% haircut in one single day.. and we all know that we are overdue for that.
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04-25-2022, 01:00 AM
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#3689
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Quote:
Originally Posted by PaceAdvantage
I've never been much of an investor...I leave that to 401ks and Roth IRAs....
But I'm curious why when the market is obviously not in an uptrend, some of you investors don't short the QQQs and SPYs as a hedge? This way you can offset at least some of the downward risk going forward.
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Why? Long term investing is easy, all you have todo is buy when the market sucks. Shorting might be nice for a quick score, but it still comes with more risk than buying when times are bad.
The worse it gets the more you buy.
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04-25-2022, 01:14 AM
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#3690
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,176
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I'm getting an interesting signal on my charts right now...I think we might be at a short term bottom in the S&P futures...I guess we'll see when I wake up tomorrow morning, if I'm right.
If that's the case, next stop 4370....about 130 points higher from where it is now
Last edited by PaceAdvantage; 04-25-2022 at 01:17 AM.
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