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03-05-2021, 10:06 AM | #8176 |
Fish are scared of me
Join Date: Nov 2001
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LOL, This is called tough Love for the stock trader. Time to shut down any device that lets you peek at your portfolio and get on a boat for a few weeks which I plan to do in May.
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Posts: 40,635
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03-05-2021, 10:11 AM | #8177 |
I'll be back.
Join Date: Nov 2002
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Posts: 287,311
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03-05-2021, 10:18 AM | #8178 |
Fish are scared of me
Join Date: Nov 2001
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Here you go, follow this guys advice because he's DeadNSyde
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Posts: 40,635
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03-05-2021, 10:39 AM | #8179 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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I can see the weak hands starting to get flushed. The correction has a little more downside left.
Called this drop perfectly. This old dog has seen this too many times before. |
Posts: 52,396
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03-05-2021, 10:42 AM | #8180 |
Fish are scared of me
Join Date: Nov 2001
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Was just watching a youtuber and he brought up a Great point about this dip.
We had a huge correction last year in March. (The Covid crash) So when that happened there was TONS of investing on that dip. Now its 365 days later. Investors are taking profit because of the tax implications of holding the stonks for 1 year. Common sense says there has to be some truth in this. |
Posts: 40,635
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03-05-2021, 10:47 AM | #8181 |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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If you stand on your head and look at the ticker, everything is fine.
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Posts: 13,232
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03-05-2021, 10:53 AM | #8182 | |
Veteran
Join Date: Jan 2007
Location: Missoura
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Quote:
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Posts: 4,598
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03-05-2021, 10:53 AM | #8183 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quote:
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Posts: 142,964
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03-05-2021, 11:08 AM | #8184 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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The market will go up a couple days, suck people back in and then one last final flush.
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Posts: 52,396
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03-05-2021, 11:09 AM | #8185 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
I think it’s more than just profit taking. There are some real indicators that aren’t great. Fuel prices unemployment. The treasury bond stuff I posted about a few days ago. |
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Posts: 57,834
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03-05-2021, 11:17 AM | #8186 |
Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
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Here is a quick question for the novices: what possible positive news, events or market changing dynamics like a rate drop is on the horizon?
The answer to this will give you your answer to the market direction. |
Posts: 52,396
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03-05-2021, 12:29 PM | #8187 | |
Mahomes or GTFO
Join Date: Feb 2012
Location: KC
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Quote:
But if there's one thing we've learned over the past year, it's that the market does some funky shit sometimes. |
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Posts: 13,232
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03-05-2021, 12:46 PM | #8188 | |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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Quote:
Except the soft drink stocks for some reason. The big ones haven't recovered. I'd read that their business was down due to restaurants selling fewer, but you'd think that they'd bounce back as we get closer to opening. KO and PEP are still down from last March, and Dr. Pepper is down for the year (though up from last March). At my age, I kind of like those stocks in general because I think they (usually) give me a reasonable return with low risk, and that's where I want to be these days. |
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Posts: 142,964
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03-05-2021, 12:52 PM | #8189 |
Fish are scared of me
Join Date: Nov 2001
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Posts: 40,635
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03-05-2021, 12:55 PM | #8190 | |
Andy Reid Supporter
Join Date: Apr 2012
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Quote:
Positive vaccine news Economy news on opening back up Economy actually starting to open back up |
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Posts: 48,111
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