Dave Taylor
Rex kwan Do
I’d wait til after G20 is over monday but I think we are in a confirmed bear market.
When do they start to buy the dip?
- Thread starter Dave Taylor
- Start date
It’s ok though, it’s winter so it will hibernate.
rick81721
Lothar
Shortest bear market ever?
Dave Taylor
Rex kwan Do
Perhaps but I see the FAANGS, financials, SP bouncing off resistance. We may be forming a right shoulder which may drag into the beginning of the year. But unless SP blows through 2825ish it may get ugly. I see lower highs on the down trend. We shall see. I had boight a couple brk.b 220 calls last week and one aapl call to hedge and closed them out thos morning. Added to my shortfolio.
rick81721
Lothar
I don't follow that closely, but from I've read, most think the markets will continue trending higher next year. The economy is fine, growing better than the anemic, barely above water obama years.
got into brk.b the week they were issued....just holding them. it is the only individual stock i own at this point, and it is its own fund.
I have an RMD in 2019, not sure i if i should take it on day 1, or wait. think i should just take it, and not have to worry.
Dave Taylor
Rex kwan Do
Markets are always at their best before a crash, everything is hunky dory.
rick81721
Lothar
True. Also true: someone who keeps predicting a market downturn will always be right... eventually
Dave Taylor
Rex kwan Do
You’re right. And potentially this can be a similar replay of feb 2018 and the start of another rally. I am thinking we have weeks of a rally left rather than a year or years. Hence this is also why I play a few longs on counter trends.
Dave Taylor
Rex kwan Do
Bonds look prime to short. Maybe one last little run on the S&P.
rick81721
Lothar
Dave Taylor
Rex kwan Do
I think bonds are next. Maybe we retest 2580somethin monday and then maybe back to 2650. After that 2530 should be some aupport briefly. Financials have failed perfectly.
Dave Taylor
Rex kwan Do
Negative...
The Kalmyk
Well-Known Member
Wait for the up coming recession to buy anything.
The Kalmyk
Well-Known Member
I think Ingredion is promising.
Dave Taylor
Rex kwan Do
I just covered my shorts today. I am pretty heavy as of today on march bond puts. I picked up 2 facebook $130 feb calls and 2 uvxy march 75 puts for a quick trade. I don’t have the patience for long term trading so I try to focus on volatile market swings and stay mostly cash once they slow. AGNC has been a great dividend play in my ira for the last ten years.
Anybody buying for long term yet?
I only like to buy at the peak of the market and have long term losses to carry forward for life.
This volatility has me spooked. I’m waiting on the sidelines. I’m not trying to time the market but I have some capital I’m waiting to work with. Still dollar cost averaging through all of this. I’ve taken some hits but still beating the markets so fund managers I’m with are so far making me happy.