Real World Event Discussions
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 45 of 119
Saturday, April 28, 2018 6:51 AM
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
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If we did not MAKE men poor - William Blake
America is an oligarchy
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Saturday, April 28, 2018 7:18 AM
In the recent few weeks there have been at least 3 days with DJIA trading levels of high and low less than 1% apart within the day. That has not been very common this year.
The instability and volatility of FAMG has seemed to affect the broader Market Indices.
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Saturday, April 28, 2018 6:34 PM
Quote:
Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.
Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.
Do Right, Be Right. :)
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Saturday, April 28, 2018 10:59 PM
Quote:Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Originally posted by 6IXSTRINGJACK:Quote:Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.
Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.
Do Right, Be Right. :)
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.
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Sunday, April 29, 2018 5:01 PM
Quote:
Originally posted by JEWELSTAITEFAN:Quote:Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Originally posted by 6IXSTRINGJACK:Quote:Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.
Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.
Do Right, Be Right. :)
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.
My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.
Slots are just about as good of an investment as the DOW is.
You've got to remember buddy... I used to have everybody I worked with telling me that a house was the best investment you could ever buy and that I was throwing my money away on rent for two years before that bubble burst.
Their loss was my gain.
I'll throw some money back into the DOW when it closes below 12k.
Do Right, Be Right. :)
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Monday, April 30, 2018 12:46 AM
Quote:Welcome to the real world. Do you also buy only $4 of gas at a time, instead of filling your tank?
Originally posted by 6IXSTRINGJACK:Quote:My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.
Originally posted by JEWELSTAITEFAN:Quote:Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Originally posted by 6IXSTRINGJACK:Quote:Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.
Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.
Do Right, Be Right. :)
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.
Maybe you are even so bad at Math that you buy the gas blend with the lowest price per gallon, and thereby waste the most money on fuel.
Short-sighted views are popular among those incapable of critical thinking.
On the right day? Maybe I'm just unusual in buying at the right place to save 26 cents per gallon. But I still don't waste money buying the fuel with the lowest price per gallon.
I suppose you could dollar cost average, and just buy a quarter tank each day until full. Then you would theoretically pay the least. Or avoid paying the most.
Quote:Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.
Slots are just about as good of an investment as the DOW is.
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Monday, April 30, 2018 5:17 AM
Quote:Sounds like the expectation is 190,000 new jobs, and a drop of 0.1% in the UR, or U-3.
Originally posted by JEWELSTAITEFAN:
One week until the next Jobs Report comes out. Anybody want to speculate on that?
This should put the U-6 below 8.0%. The lowest level on the table is 7.8% from 2000. Will this Friday fall lower, to the lowest point in U-6 history?
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Monday, April 30, 2018 6:18 AM
Quote:Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.
Originally posted by JEWELSTAITEFAN:Quote:Welcome to the real world. Do you also buy only $4 of gas at a time, instead of filling your tank?
Originally posted by 6IXSTRINGJACK:Quote:My point was that if you try to buy gas on the right day to save 20 cents, you're going to drive yourself crazy. Obviously you have to buy gas eventually. You might as well not even look at the price and just pay for it.
Originally posted by JEWELSTAITEFAN:Quote:Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Originally posted by 6IXSTRINGJACK:Quote:Trying to make money in the market now is like trying to buy gas on the right day. Sometimes you're going to get lucky, sometimes you're not.
Originally posted by SIGNYM:
It looks to me like the stock market is being driven by "algos" not by traders and certainly not by underlying value, so the way the market is moving seems completely uninterpretable to me. Sometimes good news is bad news (i.e. when the algos price in an interest rate hike) and sometimes good news is good news (when earnings rise) but the market seems to have entered a period of "chop" ... when it goes up and down by 400 points for no reason that I can discern. Well, if you think you can predict the market and you don't mind trading in puts and calls, you can make a fair bit of money when the market is rollercoaster-ing up and down, but the days of endless stock price rises and easy money look to be at an end.
Seriously kids, don't gamble with money you need. If you'd rather put a few surplus bucks into the DOW than going to the boat to play some slots, I'm not going to tell you how to live your life. We've all got our vices.
Do Right, Be Right. :)
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?
Your shower soap must be really paying off now.
Maybe you are even so bad at Math that you buy the gas blend with the lowest price per gallon, and thereby waste the most money on fuel.
Short-sighted views are popular among those incapable of critical thinking.
On the right day? Maybe I'm just unusual in buying at the right place to save 26 cents per gallon. But I still don't waste money buying the fuel with the lowest price per gallon.
I suppose you could dollar cost average, and just buy a quarter tank each day until full. Then you would theoretically pay the least. Or avoid paying the most.Quote:
Slots are just about as good of an investment as the DOW is.
I guess sarcasm doesn't translate well in the RWED.
Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.
You take that to mean that I'm calling slots an investment. lol
Like I said. I will put money back in the DOW the day it closes under 12,000.
It's not a matter of IF. Just a matter of WHEN.
Do Right, Be Right. :)
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Monday, April 30, 2018 2:16 PM
Quote:I guess sarcasm doesn't translate well in the RWED.
Originally posted by 6IXSTRINGJACK:Quote:Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.
Originally posted by JEWELSTAITEFAN:
Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?Quote:
Slots are just about as good of an investment as the DOW is.
Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.
You take that to mean that I'm calling slots an investment. lol
Like I said. I will put money back in the DOW the day it closes under 12,000.
It's not a matter of IF. Just a matter of WHEN.
Do Right, Be Right. :)
A drop to 45% of the Record All-Time High? Do you know how often that happens?
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Monday, April 30, 2018 5:46 PM
Quote:A drop to 45% of the Record All-Time High? Do you know how often that happens?
Originally posted by JEWELSTAITEFAN:Quote:I guess sarcasm doesn't translate well in the RWED.
Originally posted by 6IXSTRINGJACK:Quote:Like I already said. To you, slot machines are an investment. I suspect you don't even have a clue what an investment is.
Originally posted by JEWELSTAITEFAN:
Good of you to let everyone know that you consider buying gas and playing slots to be forms of investment.
Has your collection of colored marbles gained a lot of value lately? Or your pet rocks?Quote:
Slots are just about as good of an investment as the DOW is.
Slot machines are not an investment. They're gambling. That's why I'm comparing the DOW to slots.
You take that to mean that I'm calling slots an investment. lol
Like I said. I will put money back in the DOW the day it closes under 12,000.
It's not a matter of IF. Just a matter of WHEN.
Do Right, Be Right. :)
Maybe you can tell me?
I bought my house for just over 1/3rd what the previous owners paid for it just 7 years before I bought it. They paid top dollar for it right around the time that everyone was telling me that a house is the best investment you can make and that I was throwing my money away on rent.
There's always a bubble somewhere. Bitcoin ain't big enough to house it.
My money is on the DOW crashing hard. I do hope that when I'm right that you've at least put some money in safer investments.
Do Right, Be Right. :)
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