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Post by caliconnection on Dec 26, 2018 16:39:22 GMT -5
Todays action is a little crazy. Beware....
"The Dow Jones Industrial Average (.DJI) rose 1,086.25 points, or 4.98 percent, to 22,878.45, the S&P 500 (.SPX) gained 116.6 points, or 4.96 percent, to 2,467.7 and the Nasdaq Composite (.IXIC) added 361.44 points, or 5.84 percent, to 6,554.36.
The previous record point gain for the Dow was 936.42 on Oct. 13, 2008, when markets were whipsawed almost daily by developments in the financial crisis, which was then in full swing. Over the two sessions following that gain, the Dow dropped more than 800 points."
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Post by Deleted on Dec 26, 2018 18:08:25 GMT -5
Todays action is a little crazy. Beware.... "The Dow Jones Industrial Average (.DJI) rose 1,086.25 points, or 4.98 percent, to 22,878.45, the S&P 500 (.SPX) gained 116.6 points, or 4.96 percent, to 2,467.7 and the Nasdaq Composite (.IXIC) added 361.44 points, or 5.84 percent, to 6,554.36. The previous record point gain for the Dow was 936.42 on Oct. 13, 2008, when markets were whipsawed almost daily by developments in the financial crisis, which was then in full swing. Over the two sessions following that gain, the Dow dropped more than 800 points." I don't pay too much attention to the Dow, but the market moved up nicely today, however the volume was steady but low fOr such a move. I would be cautious and not read too much into todays action.
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Post by sedelen on Dec 26, 2018 18:17:43 GMT -5
Todays action is a little crazy. Beware.... "The Dow Jones Industrial Average (.DJI) rose 1,086.25 points, or 4.98 percent, to 22,878.45, the S&P 500 (.SPX) gained 116.6 points, or 4.96 percent, to 2,467.7 and the Nasdaq Composite (.IXIC) added 361.44 points, or 5.84 percent, to 6,554.36. The previous record point gain for the Dow was 936.42 on Oct. 13, 2008, when markets were whipsawed almost daily by developments in the financial crisis, which was then in full swing. Over the two sessions following that gain, the Dow dropped more than 800 points." Luckily I had sold my more aggressive stocks the summer before, had I known how bad things were going to get that bad in 2009, I would've sold them all. You know with all this talk about now being in a bear market, I just find so much of it just a bunch of noise. They say you enter a bear market when the index drops 20%, and so the S&P dropped 20%, from it's closing high, not intraday high, which would make it questionable. The Dow hasn't lost 20%. So, I'm thinking we've begun to reach the point where it can become a bear market. This is close to the point where another wave of selling begins where longer term investors throw in the towel. But until there is a Dow Theory Sell signal, I look at all this sky is falling stuff with skepticism. Bear market rallies tend to be very convincing of the resumption of the uptrend, but they just fizzle out quickly. What bear market rallies do is give people an opportunity to sell before the next wave of selling comes. finance.yahoo.com/news/back-dead-dying-gasp-giant-221309967.html
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Post by caliconnection on Dec 26, 2018 22:48:31 GMT -5
What bear markets do is give people the chance to buy cheaper before the markets go back up again.
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Post by sedelen on Dec 27, 2018 10:04:17 GMT -5
What bear markets do is give people the chance to buy cheaper before the markets go back up again. After you ultimately reach bottom, this bull market has come a long way in time and price from where it bottomed on March 2, 2009 at Dow 6,626 and change.
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Post by caliorbust on Dec 28, 2018 10:50:02 GMT -5
The market was overheated and due for a correction, too late to go into cash now and for you long time investors it shouldn't matter anyway what's going on in the market these days. The US has a massive economy and a strong and willing workforce, that doesn't disappear into nothing in our lifetime. Can't help noticing, when ever the market goes into a dive the dollar gains and vice versa, which means many investors are selling and seeing the dollar as a safer haven.
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Post by sedelen on Dec 28, 2018 18:52:52 GMT -5
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Post by scumbuster on Jan 2, 2019 15:40:53 GMT -5
3239.. Dropping every day now. But I guess over 3200 you really cant complain.
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Post by Deleted on Jan 3, 2019 8:41:07 GMT -5
AAPL getting smacked this morning, was in the low 143's this morning.
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Post by sedelen on Jan 3, 2019 18:03:47 GMT -5
AAPL getting smacked this morning, was in the low 143's this morning. AAPL closed at 142.19, Warrant Buffett once said he'd like the opportunity to buy Apple at a Discount, perhaps this is his chance, I read where's there's possible buying interest at the mid 130's. finance.yahoo.com/news/warren-buffett-sinking-apple-shares-030046694.htmlAnd as Apple goes, (not long ago the world's largest capitalized company) so does the stock market. It's a treacherous market for those holding long positions. The weakness now is starting to show up in the economy. Safe havens have been showing some strength, such as gold and gold mining shares. But I own them and I haven't seen all that much of an uptick, still. finance.yahoo.com/news/gold-miners-laughing-best-rally-161830441.htmlOn the brighter side, the dollar closed up somewhat against the peso @ 3,243.71
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Post by scumbuster on Jan 3, 2019 21:29:27 GMT -5
Its been hard for me to not buy over the last week. Especially with the day before Christmas drop. My watch list has a number of stocks I would like to get into but I want to see the bottom first. Its going to take more than a 1 or 2 day rally for me to jump back in.
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Post by sedelen on Jan 3, 2019 22:11:06 GMT -5
Its been hard for me to not buy over the last week. Especially with the day before Christmas drop. My watch list has a number of stocks I would like to get into but I want to see the bottom first. Its going to take more than a 1 or 2 day rally for me to jump back in. It will be interesting to see what type of bottom this market puts in, it could be a long ways off. The last bottom was formed as a V, and went on for years up until recently. Usually the lows need to be retested, such as was the case in '87, but this market never was. Sometimes the market just trends sideways for a spell, waiting for a trigger, 1982. One of the hardest things to do is to buy at the bottom after everyone that is going to sell, sold, and everyone is scared to buy back in. That is when the prices will be the cheapest.
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Post by scumbuster on Jan 4, 2019 7:09:41 GMT -5
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Post by sedelen on Jan 4, 2019 10:26:07 GMT -5
James J. Cramer, what a hoot! Ben following him for years. I used to exchange E-mails with him during the 2001 dot.com bubble collapse. I asked him if the Nasdaq would fall below, 2,500, he said no, it went into the 1,700's, he, he. It's funny to hear him actually recommend Certificates of Deposit to viewers. Apparently he's not liking what he's envisioning in his crystal ball. He knows a lot about the market, but he's a really good stock analyst. He wears me out watching him. And the dollar falls today against the peso, probably do to a rally in the US stock market, down to 3,209 and change. I hope it holds at 3,200 if it gets there. www.bloomberg.com/quote/USDCOP:CUR
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Post by Deleted on Jan 4, 2019 11:14:29 GMT -5
James J. Cramer, what a hoot! Ben following him for years. I used to exchange E-mails with him during the 2001 dot.com bubble collapse. I asked him if the Nasdaq would fall below, 2,500, he said no, it went into the 1,700's, he, he. It's funny to hear him actually recommend Certificates of Deposit to viewers. Apparently he's not liking what he's envisioning in his crystal ball. He knows a lot about the market, but he's a really good stock analyst. He wears me out watching him. And the dollar falls today against the peso, probably do to a rally in the US stock market, down to 3,209 and change. I hope it holds at 3,200 if it gets there. www.bloomberg.com/quote/USDCOP:CURWas a reaction to Powell
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Post by scumbuster on Jan 4, 2019 11:41:04 GMT -5
Cramer this morning slamming the fed (again) and backing Trump getting tough on China. Not good for stocks but good for the US.
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Post by scumbuster on Jan 7, 2019 8:36:30 GMT -5
Get your COP now. Goldman Says to Bet on Weaker U.S. Dollar After Powell Comments The U.S. dollar may be poised to decline, according to Goldman Sachs Group Inc. Comments from Federal Reserve Chairman Jerome Powell on Friday boosted the chances that the central bank will pause interest-rate increases, strategists at Goldman wrote in a note Saturday. Powell cited the events of 2016, when rates were kept unchanged through most of the year due to concerns about slowing growth in China. The potential hold presents a chance for the greenback to drop. “Combined with net softer U.S. data for December, we think a more data-dependent Fed creates space for further dollar downside,” the strategists led by Zach Pandl wrote. “We are therefore recommending short DXY (or a basket with approximately these weights), with an initial target of 93.0 and stop of 97.5.” The DXY index hasn’t been below 93 -- Goldman’s target level -- since May, as the currency strengthened on the back of robust American economic data. The stop of 97.5 is the peak level it reached in November. The gauge ended Friday at 96.179, declining for a third consecutive week, as it failed to hold gains from the extremely strong monthly U.S. payrolls report. www.bloomberg.com/news/articles/2019-01-06/goldman-says-to-bet-on-weaker-u-s-dollar-after-powell-comments
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Post by sedelen on Jan 7, 2019 11:21:41 GMT -5
Get your COP now. Goldman Says to Bet on Weaker U.S. Dollar After Powell Comments The U.S. dollar may be poised to decline, according to Goldman Sachs Group Inc. Comments from Federal Reserve Chairman Jerome Powell on Friday boosted the chances that the central bank will pause interest-rate increases, strategists at Goldman wrote in a note Saturday. Powell cited the events of 2016, when rates were kept unchanged through most of the year due to concerns about slowing growth in China. The potential hold presents a chance for the greenback to drop. “Combined with net softer U.S. data for December, we think a more data-dependent Fed creates space for further dollar downside,” the strategists led by Zach Pandl wrote. “We are therefore recommending short DXY (or a basket with approximately these weights), with an initial target of 93.0 and stop of 97.5.” The DXY index hasn’t been below 93 -- Goldman’s target level -- since May, as the currency strengthened on the back of robust American economic data. The stop of 97.5 is the peak level it reached in November. The gauge ended Friday at 96.179, declining for a third consecutive week, as it failed to hold gains from the extremely strong monthly U.S. payrolls report. www.bloomberg.com/news/articles/2019-01-06/goldman-says-to-bet-on-weaker-u-s-dollar-after-powell-commentsA kinder, gentler Fed? Or just a Fed trying to calm the markets? Fickle Fed for sure, but the dollar has been strong for the longest time, I see it losing ground, but when? possibly starting now. I don't see that the dollar is trading against the peso today, still has Friday's close posted where it lost a little more than 1.5%, which is a pretty big move in a currency market. www.bloomberg.com/quote/USDCOP:CURPro's and con's to a weaker dollar, for us a loss of purchasing power here in Colombia. For the United States, exports become cheaper, spurring economic growth, and appreciation of precious metals. But with the Fed policy as fickle as it has been, policy can reverse course in one day. Still I think the dollar will be losing ground, just my opinion, meaning I wouldn't bet on it. finance.yahoo.com/news/powell-muddies-fed-monetary-message-050100957.html
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Post by scumbuster on Jan 7, 2019 11:27:26 GMT -5
I thought it must be another Colombian holiday and there was no trading, but I see it just opened late. Down another 15 to 3177
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Post by sedelen on Jan 7, 2019 12:04:23 GMT -5
I thought it must be another Colombian holiday and there was no trading, but I see it just opened late. Down another 15 to 3177 Appears to be flatlining, not really trading, perhaps just a downward adjustment to today's pricing. I've seen that before. Time will clear that up for us.
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Post by sedelen on Feb 24, 2019 15:55:52 GMT -5
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Post by sedelen on Mar 3, 2019 21:44:39 GMT -5
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Post by sedelen on Mar 5, 2019 16:19:05 GMT -5
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Post by sedelen on Mar 8, 2019 18:53:03 GMT -5
Today was a good day to buy pesos. Dollar up 31 pesos, or almost 1%. I couldn't understand it because gold was up very sharply and that usually implies the dollar is weak, and although the US stock market was weak, it wasn't that bad. Needless to say I had to exchange a few dollars for pesos, with a rate of 3,174 and change, the dollar hasn't been this high since Valentine's day. www.bloomberg.com/quote/USDCOP:CURBut I guess the Argentinian pesos sold off to a new record low and that in turn led to a sell-off in the other Latin American currencies. finance.yahoo.com/news/emerging-markets-latam-currencies-plunge-214359973.html
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