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Recent stock dips

By Hircus follow Hircus   2020 Sep 23, 12:44am 581 views   22 comments   watch   nsfw   quote   share    


Anyone think the recent market turbulence is big money exiting before the political roller coaster starts?
1   clambo   ignore (5)   2020 Sep 23, 9:28am     ↓ dislike (0)   quote   flag      

I don't know, but I think it's traders who take profits after a big bump up in prices.

I don't care, I want more capital appreciation so I'm staying invested
2   Booger   ignore (7)   2020 Sep 23, 7:11pm     ↓ dislike (0)   quote   flag      

Buying opportunity!!!
3   just_passing_through   ignore (7)   2020 Sep 23, 7:17pm     ↓ dislike (0)   quote   flag      

IMF is about to remove the US$ from SDRs to further reduce the globe's dependence on the US$ and usher in the Renminbi as a replacement.

If that fails it's ripple for all!

You heard it here first!
4   Tenpoundbass   ignore (16)   2020 Sep 23, 7:31pm     ↓ dislike (0)   quote   flag      

I think it's mostly tech. They are all going to lose revenue alienating the Conservative population. Now that the election is near, it couldn't be anymore political, that they are doing so. Those conservatives are all pulling out of tech stocks. Then on top of that, there is finally legislative will to inflict some serious retribution. And the judicial ramifications will be felt, opening a slew of class action law suits. I think all of the current large tech players days are numbered really. They are going to be broken up in ways like never even thought of before. There were calls for them to be broken up before they got biased and powerful.

I think they are going to lose so much money between fines and punitive damages, and they will be forced to sell off. Then what's left of them is going to be regulated, we're probably going to end up with an internet. With Decency laws similar to the Television Decency regulations from before the late 90's, you couldn't even say fart on air.

I think anyone in their right mind would do well to start pulling out now. Tech's heyday is behind them.

Even Lucent wasn't too big to fail.

Couple that with a stroll through America's retail, and you'll ask yourself, how in the hell is this place even staying open? As I posted a few weeks ago, all of these stores are empty. I don't know how in the hell large Retail chains are keeping the doors open.

There's a huge Retail pain coming soon, we're going to see some big big names do a sudden belly flop. Then a chain reaction will follow.
That is going to cause the Commercial RE Companies to struggle and lose a ton of value as well. Especially for large retail space.
I do expect an explosion of mom and pop operations, and a booming economy self funded. The return of private entrepreneurial equity.
Be liquid and ready to go, when this scamdemic is over, there's going to be a boom rush to create niches, and fill in voids.

And nobody selling made in China Shit, how cool will that be?
5   richwicks   ignore (4)   2020 Sep 23, 7:45pm     ↓ dislike (0)   quote   flag      

Tenpoundbass says
Now that the election is near, it couldn't be anymore political, that they are doing so. Those conservatives are all pulling out of tech stocks.


No. The Federal Reserve and banking system is propping up tech. They'll go short at some point, and bankrupt 1/2 the population. Boomers aren't going to be allowed to retire.
6   Patrick   ignore (1)   2020 Sep 23, 8:08pm     ↓ dislike (0)   quote   flag      

I'm not changing any investments, at least not until I have a good reason why.
7   BayArea   ignore (1)   2020 Sep 23, 9:07pm     ↓ dislike (0)   quote   flag      

The dip is mostly tech related.

Tech has had a massive post-corona run-up.

Some profits are being taken.

I am not making any changes to my investments, bought more this week in fact.

Without knowing who will be elected, I don’t see the election as causing the recent dip.
8   Hircus   ignore (0)   2020 Sep 24, 12:10am     ↓ dislike (0)   quote   flag      

Part of the tech dip may be the DOJ lawsuit against google that is supposed to drop around mid oct.

I think tech investors have known for a long time the day will come when they get regulated, and this may be the start.
9   Hircus   ignore (0)   2020 Sep 24, 12:37am     ↓ dislike (0)   quote   flag      

Also, I've always been a bit suspicious of the way the s&p peaked.



Looks like someone did a burst of buying and then dumped on the day it peaked. Looks like someone precipitated the crash. Given that it's political season, and 1-2 months would be about the right lead time for things, I suspect possible orange man bad links.
10   WookieMan   ignore (7)   2020 Sep 24, 5:54am     ↓ dislike (0)   quote   flag      

Hircus says
Looks like someone did a burst of buying and then dumped on the day it peaked. Looks like someone precipitated the crash. Given that it's political season, and 1-2 months would be about the right lead time for things, I suspect possible orange man bad links.

Isn't October in most years pretty volatile? Obviously every other year an "important" election occurs. I just recall many crashes happening in October. Could have a bad memory though.

Kenji says
Deflationary depression coming to a town near you ?

Come on, that was supposed to happen in 2017.
11   BayArea   ignore (1)   2020 Sep 24, 6:17am     ↓ dislike (0)   quote   flag      

There’s no depression lol

Buy more or miss out, as usual
12   B.A.C.A.H.   ignore (0)   2020 Sep 24, 8:02am     ↓ dislike (0)   quote   flag      

BayArea says
Buy more or miss out


If you say so, homie.

They didn't have the market-weighted SP500 in the 1920's, though some market historians have reconstructed it.

But they had the DJIA, which peaked on Sep 3, 1929. And again on Feb 12, 2020.

Day-for-day, the post 02/12/2020 DJIA is retracing the post 09/03/1929 DJIA. The Big Crashes, the little peaks and valleys, etc. Only exception has been the cheerleader spike in first two weeks of June 2020.

We're all taught in high school about the dramatic drop in October 1929. But, like in 2020, the DJIA retraced in the months that followed. The Real Collapse came in 1931, 1932.

Yeah, I know: It's Different This Time.
13   Patrick   ignore (1)   2020 Sep 24, 8:18am     ↓ dislike (0)   quote   flag      

Hircus says
Given that it's political season, and 1-2 months would be about the right lead time for things, I suspect possible orange man bad links.


Call me paranoid, but I thought the same thing.

I also think the virus was played up by Fauci to kill small businesses for the same reason, the forest fires near Portland were set by the same people setting fires in Portland every night, and that BLM is doing its shit just like it did in 2016, to affect the election.

Fortunately, I think none of it will work.
14   Eric Holder   ignore (0)   2020 Sep 24, 10:15am     ↓ dislike (0)   quote   flag      

It's The Joos!

"Sell Rosh Hashana, buy Yom Kippur?

It might seem like folly to base your investment decisions around holidays, but such a strategy—known unofficially as a “Sell Rosh Hashana, Buy Yom Kippur”—is one that some traders follow, even if purely for the novelty of watching what some have described as an interesting seasonal trend in markets.

Friday evening marks the beginning of Rosh Hashana, the Jewish New Year, and ends on the evening of Sept. 20. The evening of Sept. 27 begins Yom Kippur, the day of atonement, which ends on the following evening.

Traders looking at action over the 8-day period within the highest holy days on the Jewish calendar say they have spotted a pattern, in which the Dow Jones Industrial Average DJIA, 0.93% falls during Rosh Hashana and subsequently is bought, pushing stocks higher, when Yom Kippur kicks off.

Dating back to 1971, the Dow has fallen 27 out of 49 Rosh Hashana holiday periods. Last year saw the Dow sink 1.4% over that stretch only to stage an ascent the day after Yom Kippur.

“There is some validity to the market weakness during the high holidays but it also correlates with [third-quarter] weakness and lot of jockeying for position by traders,” Jeff Hirsch, editor of the Stock Trader’s Almanac, told MarketWatch.

In a blog post, Hirsch explains that the basis for the trade “is that with many traders and investors busy with religious observance and family, positions are closed out and volume fades, creating a buying vacuum.”

“It is the holiest time of the Jewish calendar and you do see a bit of a reduction of volume as people go atone for their sins and such, and go to be with their families for the New Year,” he told MarketWatch.

He also notes that the period also comes during a month, September, that has traditionally been one of the weakest for the stock market overall. "


https://www.marketwatch.com/story/sell-rosh-hashana-buy-yom-kippur-why-some-traders-put-stock-in-this-strategy-11600447900?siteid=yhoof2&yptr=yahoo
15   Fortwaynemobile   ignore (3)   2020 Sep 24, 1:13pm     ↓ dislike (0)   quote   flag      

This happens every year. Not sure why.
16   Tenpoundbass   ignore (16)   2020 Sep 24, 6:22pm     ↓ dislike (0)   quote   flag      

Tenpoundbass says
. Then on top of that, there is finally legislative will to inflict some serious retribution. And the judicial ramifications will be felt, opening a slew of class action law suits. I think all of the current large tech players days are numbered really.


https://www.breitbart.com/news/justice-dept-expected-to-file-antitrust-action-vs-google/
17   mich   ignore (0)   2020 Sep 24, 8:38pm     ↓ dislike (0)   quote   flag      

Stop loss set! I think there's going to be a bloodbath soon! Opportunity awaits :)
18   SunnyvaleCA   ignore (1)   2020 Sep 24, 9:59pm     ↓ dislike (0)   quote   flag      

Just look at the Price/Earnings ratios. Market is massively overvalued as a whole. It's lovely when going up, but painful when adjusting to reasonable values. (Especially the case for Apple holders like me.)
19   FortWayneAsNancyPelosiHaircut   ignore (4)   2020 Sep 24, 10:04pm     ↓ dislike (0)   quote   flag      

APOCALYPSEFUCKisShostakovitch says
OPEN FIRE!


CANNIBAL ANARCHY!!!! right in time for halloween too.
20   Blue   ignore (0)   2020 Sep 24, 10:07pm     ↓ dislike (0)   quote   flag      

No QEs (latelye renamed stummuls) to pump further. It is taking a break for now.
21   Hircus   ignore (0)   2020 Sep 25, 9:00am     ↓ dislike (0)   quote   flag      

Brokerage upping margin requirements, expecting election volatility.

https://finance.yahoo.com/news/top-brokerage-tightens-margin-trading-as-competitors-stay-steady-144034004.html

Interactive Brokers is upping its requirements for using margin in its accounts in an effort to brace for "elevated volatility” in the markets ahead of the election.

"[Interactive Brokers] believes it's appropriate to start controlling leverage in a measured fashion in advance [of the election]," the online trading platform told clients in a note.

Across Wall Street investors are bracing for uncertainty of a contested election with the possibility of no clear winner on Nov. 3. After Bush v. Gore in 2000, the S&P 500 index was down for a month before erasing the losses when a winner was decided in December.

For investors who trade with borrowed money – or margin – which a Yahoo Finance-Harris Poll survey found could be as high as 20%, Interactive Brokers is making a change. The company is decreasing the amount of leverage available to customers by raising the initial and maintenance margin requirements from regulation minimums 50% and 25%, respectively, to 66.7% and 33.75%. The company has 948,000 clients.
22   Fortwaynemobile   ignore (3)   2020 Sep 25, 10:02am     ↓ dislike (0)   quote   flag      

Fresh corpses of day traders are great in time for Halloween. All organic and saves money not needing to buy plastic once.

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