WorkFE's Account Talk

[rangerray]

I’ve heard “rally into the end of the year” from my most trusted source, but I’ll believe when I see it.


Scott Harrison
Senatobia, MS

 

[WorkFE]

I don't know about a rally, maybe quick hit get lucky stuff.
G Fund inched up to 4.75

 

[WorkFE]

Ten years ago, I would consider nibbling a bit on days like today. To scared and I've already met my goal for the year.
Still, if prices reach my last buy date I may be inclined to push in 10-20%. At this rate that could be in a day or two.

 

[WorkFE]

Still sitting mostly in the garage. I am tempted to push a bit into C or S fund, mainly because I'm bored. :laugh:

 

[WorkFE]

From a glass half full perspective, the Big Three Major Indexes are off their all-time closing highs as follows:
DOW -8%
NASDAQ -16.5%
S&P -9.5%
I'd like to think there is not much more downside, short of an economic collapse. Fresh in some of our minds I suppose.
Consequently, the I Fund is also down about 10% from its all-time high from Sept 2021.

Through the glass half empty bifocals there is a bat crap load of turmoil in the world and, as always, the US is knee deep poop in it. Throw in our own Economic WWE moments and there is just a lot of unnecessary risk, IMHO.

That being said. If I was 15-20 years away from retirement, I would be hammer down.

 

[WorkFE]

We're going ballistic.

 

[Epic]

Someone say WWE ? ? ? ? ? Lemme tell ya sumpthin Bruther............
Merica Dammit !!!!! LOL

 

[WorkFE]

For those that are superstitious.
19 October 1987 was the infamous Black Monday market crash. To be fare, considering today is Thursday, there have been numerous Black Mondays (28 Oct 1929, 19 Oct 1987, 24 Aug 2015 and 9 March 2020).
On the other hand the first one in 1929 started the Thursday prior.

 

[WorkFE]

I know I've posted recently some depressing words. (Black Monday, markets off their highs etc.) but remember the market going forward is not dictated by the past, any decline could be an opportunity for any investor. Patience is a virtue.
There are moments when things look bleak, and we find ourselves on the wrong side of an upturn or downturn. Sometimes we have to step out of our element to realize significant gains. Can we look the other way when everyone else is in the garage? Get out during a big rally?
Forget pride, the best investment strategy can turn into the worst if we don't have the nerve to see it through.

Someone said: No Bull Market has ever died of old age.
Of course I say all this sitting mostly in the garage.

 

[WorkFE]

Update after two days, off their all-time closing highs as follows:
DOW Was -8% Now -9.5%
NASDAQ Was -16.5% Now -18%
S&P Was -9.5% Now -11.5%

Might be getting close to make a bit of an entry.

 

[WorkFE]

Might be getting close to make a bit of an entry.

FTR, I did Not.
Might be a bit of turn around Tuesday.

 

[WorkFE]

And then Wednesday sucks
Getting a bit uncomfortable for those in stocks. Keep the faith brothers and sisters.

 

[WorkFE]

Round and round it goes, where it stops nobody knows.

Interesting take in Market Watch from Michael Gayed and Michael Kramer.
These two commentators who have been warning of a market crash say it’s now here (msn.com)

A bit of tug of war around the world as countries try to save their economies from recession. Part of me thinks they should have just let it happen awhile ago.

 

[WorkFE]

Glass half full. Might have missed an opportunity to take a bite of the apple. JTH may have hit it, time will tell.
I've been eyeing an entry of 4120 for a while, it's getting close. Today's action may make that decision for me, but I despise buying on a Friday.

FTR. If I do take a swing it will be more like bunting for a single. (10-20%)
My swinging for the fence's days is over, at least until the G Fund is back to earning peanuts.

 

[WorkFE]

Since the end of July APPLE, MICROSOFT, ALPHABET, AMAZON, NVIDIA, META and TESLA have lost over $1.2 Trillion in market value. Thats a boat load of coin.
Bond yields spiking and a bit of fear of continued rate hikes, that's some serious head wind.
I suppose the silver lining is, those seven company's have the ability to be up a Trillion dollars in a matter of weeks.

 

[JTH]

Since the end of July APPLE, MICROSOFT, ALPHABET, AMAZON, NVIDIA, META and TESLA have lost over $1.2 Trillion in market value. Thats a boat load of coin.
Bond yields spiking and a bit of fear of continued rate hikes, that's some serious head wind.
I suppose the silver lining is, those seven company's have the ability to be up a Trillion dollars in a matter of weeks.

Well if I had to guess, today would be a nice day to take a breather, but honestly I have to wonder who wants to be committed at these levels just before the weekend. Since Tech has already made significant gains this year, I wonder if the big players will (or have) taken some gains off the table. If Tech stops leading, it seems like the perfect setup for a horrible 4th quarter.

 

[WorkFE]

If Tech stops leading, it seems like the perfect setup for a horrible 4th quarter.

 

[WorkFE]

No move today but looking like it might have been justified with the current trends if 4120 is my target.
There is always Monday.

 

[WorkFE]

G Fund inched up to 5%.
Can't complain

 

[weatherweenie]

Where is this information available? Thanks for posting.

G Fund inched up to 5%.
Can't complain