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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
What’s happening with the market?
I’m thinking that we’ve seen the lows, have had no especially strong Covid reoccurrences (yet), businesses are reopening, stimulus is being applied abroad,,,all in all, I’m feeling good about the intermediate future.
Y’all’s thoughts on it ?
Thanks.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Aug 2008
Posts: 1,953
Campfire Regular
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Campfire Regular
Joined: Aug 2008
Posts: 1,953 |
In March I was down $120,000 from start of February. I moved everything into the most "risky investment " I was in at the time, Fidelity Growth Fund. As of tonight I've made that money back up plus $20,000. At first a lot of sleepless nights for me reconsidering my investments, but than just said if you're going to play with fire you might as well get hold of the hot end of the stick. Not sure what the future holds, but I'm thinking I'll just hold the course till at least closer to elections and try to figure out what is going to happen in November. I think that will be the big market mover one way or the other. Let me qualify that by stating I'm no guru with the market, wish I was. I'm just stubborn.
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Joined: Feb 2006
Posts: 2,519
Campfire Regular
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Campfire Regular
Joined: Feb 2006
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Just playing it by ear. Sold a bunch of stocks recently because they looked toppy. Made a bunch by doing so. I've expanded what I'm looking at. Everything right now is just a trade. I might reacquire some of the stocks I've sold. One day at a time.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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Joined: Nov 2011
Posts: 30,911
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,911 |
How long ago did I tell you all to start buying?
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Apr 2011
Posts: 151,008
Campfire Savant
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Campfire Savant
Joined: Apr 2011
Posts: 151,008 |
Buy now, getting ready to move up quickly.
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Joined: Feb 2009
Posts: 11,911
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2009
Posts: 11,911 |
Not a guru but i think it is going to go a bunch more.
There will be some folks selling off stuff short term trying to make that dollar now but i think it won't last long.
We lost only 12,000 in the first quarter so it was not that bad.
It's already gone past that now.
Them Fidelity folks know what they are doing for sure.
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Joined: Nov 2015
Posts: 523
Campfire Regular
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Campfire Regular
Joined: Nov 2015
Posts: 523 |
Got out when things started to get crazy. Got back in about 3 weeks ago. Up 6% YTD. Market YTD is about 10% off. As long as I am beating the market I’m satisfied. Not a guru either.
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Joined: Nov 2015
Posts: 1,187
Campfire Regular
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Campfire Regular
Joined: Nov 2015
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Pro sports are on hold, Las Vegas is closed, planes are nearly empty, 33,000,000 out of work. This up-tic in the market is because of the gov't subsidy/bailout. A Hail Mary to (hopefully) keep the economy afloat.
When the earnings reports come out in July, we will see the real economic damage. Be prepared for a market "correction".
It will be ugly. (I truly hope I am wrong)
I am not a Market Guru, nor did I stay at Holiday Inn Express last night.
prplbkrr = Purple Biker
Can't score goals if all you do is pass.
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Joined: Nov 2011
Posts: 30,911
Campfire 'Bwana
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Campfire 'Bwana
Joined: Nov 2011
Posts: 30,911 |
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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Joined: Jan 2002
Posts: 12,821
Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2002
Posts: 12,821 |
We’re not done with volatility yet by a long shot. There will be other buying opportunities.
Sic Semper Tyrannis
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Joined: Jun 2008
Posts: 355
Campfire Member
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Campfire Member
Joined: Jun 2008
Posts: 355 |
My option is that the market is overvalued right now, I sold some of my tech stocks a little early and I can't believe people keep buying at this level.
I'm normally a bull on the market but not now. The next quarter earnings are going to be bad. I'll buy back into software and tech on a pull back.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
My option is that the market is overvalued right now, I sold some of my tech stocks a little early and I can't believe people keep buying at this level.
I'm normally a bull on the market but not now. The next quarter earnings are going to be bad. I'll buy back into software and tech on a pull back. Good points. Tech is on a tear lately. I’m thinking most investors have already priced into the market the issue of earnings taking a hit in the coming quarter. Pretty much a known and a given. We’ll see.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Feb 2010
Posts: 16,067
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,067 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market.
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Joined: Dec 2007
Posts: 11,195
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,195 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out. Good procedure for the long haul. It just works.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Feb 2010
Posts: 16,067
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,067 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out. I’ve never been able to convince myself to buy bonds. I do have money in savings accounts and cds. I guess that’s a similar approach.
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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OP
Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out. I’ve never been able to convince myself to buy bonds. I do have money in savings accounts and cds. I guess that’s a similar approach. Maybe a Total Index Bond Fund ?
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Feb 2010
Posts: 16,067
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
Posts: 16,067 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out. I’ve never been able to convince myself to buy bonds. I do have money in savings accounts and cds. I guess that’s a similar approach. Maybe a Total Index Bond Fund ? I don’t see the advantage over a cd.
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Joined: Dec 2008
Posts: 8,293
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,293 |
My option is that the market is overvalued right now, I sold some of my tech stocks a little early and I can't believe people keep buying at this level.
I'm normally a bull on the market but not now. The next quarter earnings are going to be bad. I'll buy back into software and tech on a pull back. I'm in this camp, the PE of the market is crazy right now and I have a hard time believing it will stay these levels for an extended period. One thing that's changed is the low bond yields forcing money more into stocks. 1.5%-2% isn't keeping up with inflation. I'm thinking it's going to be a tough fall for the markets but we have probably seen the lows with all the QE. My only investment right now is cash and gold. I'll probably start looking at realestate again next winter.
"Life is tough, even tougher if your stupid"
John Wayne
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Joined: Dec 2005
Posts: 3,164
Campfire Tracker
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Campfire Tracker
Joined: Dec 2005
Posts: 3,164 |
Who the hell knows? I suggest investing a set amount each month into index funds. I believe the technical term for this is “dollar cost averaging”. It works for me, and I don’t have to fret about trying to time the market. It's what I do, that and try to maintain a 70% stock 30% bond mix so I don't get burned so bad when the bottom falls out. I’ve never been able to convince myself to buy bonds. I do have money in savings accounts and cds. I guess that’s a similar approach. Maybe a Total Index Bond Fund ? If interest rates go up then it’ll put pressure on bonds. At current interest rates, massive deficit spending, inflation looming I wouldn’t not be investing in bonds, at least longer maturities. No thanks.
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