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02-05-2018, 03:33 PM | #1696 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
I hate days like today. |
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Posts: 40,644
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02-05-2018, 03:46 PM | #1697 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I’m not caring one bit about this. Won’t if it corrects 10% either. The past 2 years of gains were record pace. It wasn’t going to keep up. |
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Posts: 46,131
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02-05-2018, 04:12 PM | #1698 | |
Supporter
Join Date: Aug 2000
Location: Utopia
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Quote:
BUT...as long as I don't panic sell my equipment and stock, I can get some more bees and build these purple Baltic Avenue properties into Atlantic Avenue houses and leverage those into Pennsylvania avenue hotels. Keep your eyes on the prize. |
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Posts: 62,201
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02-05-2018, 05:40 PM | #1699 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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Quote:
There were any number of positioning metrics flashing 'euphoria' on a scale that we haven't seen post-crisis. Macro themes (long equities, long EM, short rates, short USD) have been dominating the trading environment and trending aggressively. All of these things rode the wave of sentiment up and now the same thing happens on the way down (you can blame a class of investors known as CTAs for amplifying these moves). This is how markets have operated forever. Equities may still end up performing just fine over the next several months, but more likely than not the risk/reward (Sharpe in industry parlance) will just be poorer. So be prepared to feel less euphoric and more balanced. But this is what ultimately makes for a healthier market. Said another way, the experience of investing in stocks is transitioning from feeling like being a fan of the Patriots to being a fan of the Chiefs. Good luck, folks. |
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Posts: 12,737
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02-05-2018, 06:04 PM | #1700 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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XIV is at termination levels right now in after hours. 85% down. svxy too
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Posts: 6,426
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02-05-2018, 06:26 PM | #1701 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,644
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02-05-2018, 06:29 PM | #1702 |
Seize life. Be an ermine.
Join Date: Jul 2001
Location: My house
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It's interesting to see the different strategies at play here. In the short-term, I favor my strategy of screaming and crying while buying into face of the tsunami.
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Posts: 143,103
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02-05-2018, 06:42 PM | #1703 | |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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Quote:
There are two schools of thought. One is that if you liked the market at X, the market at 95% of X is a real bargain. The counter to that is if you liked the market at X and it's now at 95% of X, something in your original thesis was entirely incorrect. When you're invested in something, you are naturally going to be less honest about it than if you were a dispassionate outside observer. You stopped on some positions and now have the ability to view things more objectively. That is a huge advantage in a market that's been driven by euphoric sentiment. |
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Posts: 12,737
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02-05-2018, 06:44 PM | #1704 |
Why so serious?
Join Date: Dec 2016
Location: Chicago
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If you combine that with hope and prayer and a blind allegiance to the Ermines, it's 100% of the time worked about 25% of the time.
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Posts: 12,737
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02-05-2018, 06:45 PM | #1705 | |
MVP
Join Date: Aug 2015
Location: North Missouri
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Quote:
These times are when I am glad I am 100% cash. I don't have the gambling mentality. If I even lost 5% in a short period of time, I would probably stroke out and die right there! Then, I would have no retirement. That's my way of looking at life |
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Posts: 12,005
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02-05-2018, 06:57 PM | #1706 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
You realize if the market corrects 10-15% this week, people are still sitting with more money than they had a year ago? Factor in compounding interest over decades and it's very hard to lose money in the stock market with consistent investing across mutual funds, ETFs and indexes. Dabbling in individual stocks is a different story, however. |
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Posts: 46,131
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02-05-2018, 07:28 PM | #1707 | |
Spooky Action
Join Date: Dec 2003
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Quote:
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Posts: 6,470
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02-05-2018, 07:43 PM | #1708 | |
Fish are scared of me
Join Date: Nov 2001
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Quote:
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Posts: 40,644
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02-05-2018, 08:00 PM | #1709 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
This is probably my favorite CP thread. People are cordial, offer advice and there’s very little bickering. |
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Posts: 46,131
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02-05-2018, 08:18 PM | #1710 | |
MVP
Join Date: Aug 2015
Location: North Missouri
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Quote:
And for the record, the in my reply was to his joke, not anything else. Definitely not trying to be rude or anything. I have a very meager traditional IRA and the 401k down at work. Love reading this thread and seeing how those of you who are brave are winning the game. Sometimes I wish my brain wasn't wired the way it is, I could possibly be making coin too |
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Posts: 12,005
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