WorkFE's Account Talk

[WorkFE]

Futures are wishy washy this morning.

This has been obvious over that passed few weeks.
"Market volatility is not going away anytime soon as the buy the dip crowd has a new motto: 'sell the rally,'" Edward Moya, senior market analyst at OANDA
US stock futures whipsaw as traders digest a mix of Fed-induced anxiety, strong GDP growth, and solid Apple earnings (msn.com)

 

[WorkFE]

opcorn:

 

[rangerray]

opcorn:

Right there with you, but I'm going to try and stay busy/distracted throughout the 2 PM sell off power hour.

 

[WorkFE]

I didn't share his enthusiasm for sell-offs, corrections or bear markets, but I did learn a lot from him. It takes courage to stand in the way of declines. Those steadfast investors who subscribe to wealth over time are the stalwarts of the markets, everyone pays their dues.
Probably the biggest Perma-Bull I knew was Birchtree (Snort). I spent part of the day reading post from mid 2008 to mid 2009. Good lord they were unfazed. I have to remind myself there were investors before me and there will be investors after me.
I think this thing holds today.

 

[DreamboatAnnie]

Yep..Birchtree would be snorting right now! No doubt about that....day ended green! Woo..hoo..

 

[WorkFE]

And the rollercoaster continues.

 

[Epic]

Kangaroo Market :nuts:

 

[WorkFE]

There are folks who like this choppiness. Buy a down day, sell an up day and bang, 1-2% gain on the month. Hitting it correctly is all together a different story.

I'm not a fan but I see the attraction. Weather moving in for Eastern Half of US starting tomorrow, this tends to move the markets temporarily as well.

I am still anticipating more risk than reward over the next month or so, no moves for me. Of course I reserve the right to change my mind. :smile:

 

[tsptalk]

There are folks who like this choppiness. Buy a down day, sell an up day and bang, 1-2% gain on the month.

The problem with doing that recently, at least in the TSP, is down mornings turned into strong closes and strong mornings become afternoon sell offs. Frustrating!

Sent from my SM-G930U using Tapatalk

 

[WorkFE]

Yep, like throwing darts blindfolded

 

[nasa1974]

The problem with doing that recently, at least in the TSP, is down mornings turned into strong closes and strong mornings become afternoon sell offs. Frustrating!

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2 IFT's a month is frustrating but having to make one in the current market conditions before noon is irritating.

 

[WorkFE]

2 IFT's a month is frustrating but having to make one in the current market conditions before noon is irritating.

2 IFT's used to irritate me. Been a conversation on here for as long as I can remember. I would imagine that those limitations help as much as they obstruct. Probably keeps those that treat their TSP like the a slot machine from destroying one of the legs of their retirement. Not much comfort to those that make informed decision though.

I've just moved more money into significantly better tradeable accounts. Without the tax advantages but I don't mind.

 

[WorkFE]

Weather moving in for Eastern Half of US starting tomorrow, this tends to move the markets temporarily as well.

And should last through tomorrow.

 

[WorkFE]

Tough to make a call on this market. Every time I consider getting in the market looks spooked. Risk vs. Reward, at the moment I put it at 65/35, to risky.

On the brighter side, we are past hump day. :headbang::headbang:

 

[WorkFE]

Market Futures fighting back. February will most likely continue to be a wild ride.
Investors have gotten spoiled by the FED, most likely why we get this crash in the morning and recover in the afternoon. They've gotten used to the FED saving them so they buy those big dips.
Roller Coaster investing.

 

[WorkFE]

Words like Massive, History and Mankind always grab my attention. To be honest though, I'm not the risk taker I once was.

“massive misallocation of capital” in markets that could be the biggest in “the history of mankind.”
Stock market faces the most ‘massive misallocation’ of ‘capital in the history of mankind,’ says ARK’s Cathie Wood (msn.com)

 

[WorkFE]

Watch the numbers but for the time being the news cycle owns the market. Pay attention folks, be nimble or have time on your side.

 

[WorkFE]

Retail earnings this week which is predicted to show solid 4th quarter, propped up by the holidays, but all that is supposed to slow in the next quarter. Oil prices are going up as Russia accounts for about a quarter of OPEC+ daily production. Probably be a bumpy handful of weeks in our future with some Buy/Sell opportunities along the way for those who like risk.

Ships on fire, countries taking over parts of other countries, beekeepers putting GPS trackers on beehives, Credit Suisse with ties to criminals, the FED trying to subdue inflation, etc. etc. etc. On the bright side, today is Margarita Day.

 

[bmneveu]

Ships on fire,

*singing* My ships on fire, how 'bout yours? Just the way I like it so I never get bored

:ban:

 

[WorkFE]

I forgot to throw in "No Baseball".
There go's the world, spiraling out of control.