JTH's Account Talk

Sort by newest Sort by date
Will stay in. Looks like downdraft too fast to last more than a a few trading sessions. Will keep money in to get that rebound to finish the month. If I sell now...I won't be able to get back in and will probably buy at higher level by September 1st. I have not lost any money yet but today looks like a grand day to lose (get it...grand day). At this level..believe job picture baked in already...look for pop Friday.
 
Some think a lot of this selling is coming from folks overseas trying to raise cash - so we could be seeing a bottom being put in place. The I fund will most likely put my tugboat into negative territory. But this is not 2008 all over again by any means. Corporations keep increasing their dividend payouts rather than holding all their cash.
 
At this juncture...see no reason to bail now. Only lock big loss. I say bring on the panic selling and get this thing over with quick. Sing...Singing in the rain...

Update...this is panic!! Looks like capitulation to me.
 
Last edited:
The VIX is spiking up so we are finally seeing some real fear building - felixthecat has the right attitude. Besides Obama is not going to be re-elected - that has to be a positive for business. So bring on the Grand Trunk and try and take me out - I'm so daring in this market. The VIX just hit 28.52 +5.14 - this is exciting and painful at the same time.
 
I went from 100 G to 40G, 40C, 10S, 10I. I'm banking that the fear of loss of profit will take hold and folks will be jumping back in thinking what a deal the stocks are now. Buy pessimism, sell optimism. We'll see.
 
This activity will scare the funky spunk right out of mom and pop - they now will take another 5 years before they return to the markets. I hope corporations are having enough common sense to be buying their own shares back today. Now is the time to step up. As I keep saying it's always darkest before the dawn. It is dark out there - real dark. And yet, we should all being buying more.
 
JTH said:
Transports have given the second largest pullback off this last wave (percentage wise, and the largest points pullback in almost 2 years.

View attachment 14829
Click to expand...

So are you thinking about pulling out anytime soon or are you just going to keep riding this thing out?

I just opened a roth ira with USAA. I moved my $5,000 into the brokerage account, but have not bought a fund yet. Obviously this seems like a good time to buy, but it seems like it just keeps going lower and lower so maybe I will wait a few days and see how things start panning out before putting the money into a mutual fund. I know you mentioned a long time ago that you have mutual funds with USAA. Any of them that you recommend?

Thanks!
 
MaStA said:
So are you thinking about pulling out anytime soon or are you just going to keep riding this thing out?
Click to expand...

On a case by case basis, for the moment I'm in, the lack of real-time flexability makes it difficult to exit.

MaStA said:
I know you mentioned a long time ago that you have mutual funds with USAA. Any of them that you recommend?
Click to expand...

USMIX covers the small caps rather well, gives you good exposure to the markets. I also like USNQX for the exposrue to large cap tech stocks like Apple.
 
JTH said:
On a case by case basis, for the moment I'm in, the lack of real-time flexability makes it difficult to exit.



USMIX covers the small caps rather well, gives you good exposure to the markets. I also like USNQX for the exposrue to large cap tech stocks like Apple.
Click to expand...

Thank you for your help!
 
Putting things into context, this isn't a one year race, this is a lifetime marathon. If you've taken a big hit and plan to stay in, then I'd encourage you to increase your contributions, lowering your cost basis per share. This isn't as bad as it looks, it's ok to cry or shake your fist in anger, so long as you trade with your head, not your heart...

View attachment 14839
 
I could give you a multitude of reasons to get deathly bearish, funny thing is those reasons existed 6 months ago... No risk no reward.
 
The nfp of 117,000 will undoubtedly be revised up for next month just as the previous 18,000 was revised to 46,000 jobs.
 
You must log in or register to reply here.

Similar threads

tsptalk
  • Article Article
Is the market ready to explode, or has it come too far, too fast?
Replies
0
Views
284
tsptalk
tsptalk
tsptalk
  • Article Article
Bond yields putting the pressure on stocks -- holiday reversal?
Replies
0
Views
299
tsptalk
tsptalk
tsptalk
  • Article Article
TSP Talk - Something big was brewing, all right
Replies
1
Views
445
robo
robo
tsptalk
  • Article Article
You're fired! Maybe not.
Replies
0
Views
86
tsptalk
tsptalk
tsptalk
  • Article Article
Follow through for stocks as oil plummets
Replies
1
Views
158
TommyIV
TommyIV
Back
Top