Rod's Account Talk

[weatherweenie]

Another firm announced that the worst was over. Take your pick.

I've been sounding this alarm for awhile now... at least for a pullback. But, now they are talking about a correction.



Source:

https://www.cnbc.com/2020/02/19/gol...correction-is-looking-much-more-probable.html

 

[Rod]

Another firm announced that the worst was over. Take your pick.

I certainly don't side with them. They will soon get a reality check.

 

[Rod]

How about those bond yields?

10-Year currently @ 1.51

 

[tsptalk]

I think the stock market is finally noticing.

 

[Rod]

I think the stock market is finally noticing.

I hope you are correct!

 

[Rod]

Looks like I IFT'd into (F) just in time (effective yesterday).

AGG hit a new 52-week high, intraday @ 114.68.

 

[Tsunami]

How about those bond yields?

10-Year currently @ 1.51

Yep, I'm watching closely and waiting for NFCU to lower the VA streamlined refi rate another eighth to 2.75%, then we'll jump on it.

My wife trusts me enough to let me manage her TSP account and tell her when to get in and out (I did it myself until the 2-factor authentication thing started). With the S&P up about a point this morning I decided today was the day for her to exit to F and she's entered the IFT, joining me in the F fund at the close today. As of the close last night her account was at +6.96% for 2020, which would put her at #1 in the autotracker (maybe I should start a Tsunami2 account LOL), but, oops, now someone has rung the bell and the market pullback (or bigger?) may have started. Ugh, by the close she might be clear down to where I am, at +5% or so after today's upside in F. On the bright side, this morning TVIX hit my limit buy price at $39.29 in my Roth IRA. That's working out well so far. I could see the February gaps getting filled over the next week or so.
https://stockcharts.com/public/1107832/chartbook/308233786

What a difference one day makes when trying to time market tops!

 

[Rod]

Yep, I'm watching closely and waiting for NFCU to lower the VA streamlined refi rate another eighth to 2.75%, then we'll jump on it.

My wife trusts me enough to let me manage her TSP account and tell her when to get in and out (I did it myself until the 2-factor authentication thing started). With the S&P up about a point this morning I decided today was the day for her to exit to F and she's entered the IFT, joining me in the F fund at the close today. As of the close last night her account was at +6.96% for 2020, which would put her at #1 in the autotracker (maybe I should start a Tsunami2 account LOL), but, oops, now someone has rung the bell and the market pullback (or bigger?) may have started. Ugh, by the close she might be clear down to where I am, at +5% or so after today's upside in F. On the bright side, this morning TVIX hit my limit buy price at $39.29 in my Roth IRA. That's working out well so far. I could see the February gaps getting filled over the next week or so.
https://stockcharts.com/public/1107832/chartbook/308233786

What a difference one day makes when trying to time market tops!

If Mr. Market behaves as it should in light of COVID-19, then (F) should reward us the next few trading days, including today. We just have to hope that those dip buyers don't rear their heads this afternoon.

 

[Rod]

Weak down day!

 

[1965Vintage]

I'm in G, but I'm holding RUBI in my Roth.
Killing it!
CTV is the future.

Sent from my moto z3 using TSP Talk Forums mobile app

 

[Rod]

The dip buyers need to begone and allow Mr. Market to digest and shed at least 5%. Will they be able to control themselves today? Unlikely. But, I dare them to prove me wrong.

 

[nasa1974]

The dip buyers need to begone and allow Mr. Market to digest and shed at least 5%. Will they be able to control themselves today? Unlikely. But, I dare them to prove me wrong.

Stop jinxing us that are still invested.

 

[Rod]

Stop jinxing us that are still invested.

You're jinxing yourself because you're still invested!

 

[nasa1974]

You're jinxing yourself because you're still invested!

LOL

 

[Rod]

LOL

Come join me in (F)!

 

[nasa1974]

Come join me in (F)!

I would have to go back through my archives to find out the last time I was in "F" fund.

 

[Rod]

I would have to go back through my archives to find out the last time I was in "F" fund.

I know what you mean. I know for certain I have not been in (F) since Nov 2009. I don't recall if/when I was in (F) before then. I would always bypass it, and park in (G) during volatility.

 

[Rod]

Don't become complacent...

CDC prepares for possibility coronavirus becomes a pandemic and businesses, schools need to be closed.

"We’re not seeing community spread here in the United States, yet, but it’s very possible, even likely, that it may eventually happen", Dr. Nancy Messonnier, director of the CDC’s National Center for Immunization and Respiratory Diseases, told reporters on a conference call.

Messonnier pointed to China, where schools and businesses have been shuttered for weeks to contain the outbreak there, saying the U.S. may eventually need to do the same.

"The day may come where we may need to implement such measures in this country", she said.

Source:

https://www.cnbc.com/2020/02/21/us-health-officials-prepare-for-coronavirus-outbreak-to-become-pandemic.html

 

[Rod]

The futures are deep in the red. It will be interesting to see where they are in the morning. Hopefully they remain deep in the red... and the day ends even deeper with the dip buyers finally scared off. Remember, this market has been acting irrational towards COVID-19. If you want a healthy market, and I believe you do, then we need at least a 5% - 10% consolidation. Let it be done. The sooner, the better.

God Bless :smile:

 

[Rod]

The bottom line...

Global markets have yet to discount the COVID-19-related economic shock that will likely rock it in the coming months.

Be careful out there.