U.S. stocks in free fall

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YRT70
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Re: U.S. stocks in free fall

Post by YRT70 »

OohLaLa wrote: Tue Jul 27, 2021 11:12 am More detailed:
https://www.investopedia.com/terms/b/backupthetruck.asp

:)
Nice!

"While it is rarely used today, the term was in vogue in the late 1990s"

Lol.
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firebirdparts
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Re: U.S. stocks in free fall

Post by firebirdparts »

rocketsrule wrote: Tue Jul 27, 2021 11:08 am
YRT70 wrote: Tue Jul 27, 2021 11:02 am
Robot Monster wrote: Tue Jul 27, 2021 10:58 am Backed the truck up a little on Google stock. 10 shares.
Non native English speaker here, what does this mean?

I've seen the phrase a lot 'backed up the truck today'.
Think of a dump truck, backing up with sand in it and dumping it onto something like a playground.

Instead of saying he is backing up his fictitious dump truck of money and putting it on a few stocks
No. Other way round. It means you want to buy a load, not deliver one.
This time is the same
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

minimalistmarc wrote: Tue Jul 27, 2021 11:22 am Pathetic dip. Hardly worth the effort to buy with the few scraps of cash I have.
Agreed. It's hardly worth the tortilla chips necessary to scrape up this paltry dip from the jar, but I can't help myself, because "Salsa shark! We're gonna need a bigger boat."

Think I'm gonna back the boat up a little.
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Doom&Gloom
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Re: U.S. stocks in free fall

Post by Doom&Gloom »

anon_investor wrote: Tue Jul 27, 2021 11:18 am
lostdog wrote: Tue Jul 27, 2021 11:15 am Well, from now on I won't get excited about tech earnings week.
What is tech earnings week? :wink:
It's like Shark Week but different :beer
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anon_investor
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Re: U.S. stocks in free fall

Post by anon_investor »

Doom&Gloom wrote: Tue Jul 27, 2021 12:05 pm
anon_investor wrote: Tue Jul 27, 2021 11:18 am
lostdog wrote: Tue Jul 27, 2021 11:15 am Well, from now on I won't get excited about tech earnings week.
What is tech earnings week? :wink:
It's like Shark Week but different :beer
Shark Week sounds more fun, tech earnings week sounds borning. Maybe tech earnings week should be renamed buy the dip week.
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

anon_investor wrote: Tue Jul 27, 2021 12:09 pm
Doom&Gloom wrote: Tue Jul 27, 2021 12:05 pm
anon_investor wrote: Tue Jul 27, 2021 11:18 am
lostdog wrote: Tue Jul 27, 2021 11:15 am Well, from now on I won't get excited about tech earnings week.
What is tech earnings week? :wink:
It's like Shark Week but different :beer
Shark Week sounds more fun, tech earnings week sounds borning. Maybe tech earnings week should be renamed buy the dip week.
Happy to report I backed up my tugboat straight into Shark Week.
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

Robot Monster wrote: Tue Jul 27, 2021 12:25 pm
anon_investor wrote: Tue Jul 27, 2021 12:09 pm
Doom&Gloom wrote: Tue Jul 27, 2021 12:05 pm
anon_investor wrote: Tue Jul 27, 2021 11:18 am
lostdog wrote: Tue Jul 27, 2021 11:15 am Well, from now on I won't get excited about tech earnings week.
What is tech earnings week? :wink:
It's like Shark Week but different :beer
Shark Week sounds more fun, tech earnings week sounds borning. Maybe tech earnings week should be renamed buy the dip week.
Happy to report I backed up my tugboat straight into Shark Week.
:D :) :) :happy :happy
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nigel_ht
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Re: U.S. stocks in free fall

Post by nigel_ht »

OohLaLa wrote: Tue Jul 27, 2021 11:12 am
rocketsrule wrote: Tue Jul 27, 2021 11:08 am
YRT70 wrote: Tue Jul 27, 2021 11:02 am
Robot Monster wrote: Tue Jul 27, 2021 10:58 am Backed the truck up a little on Google stock. 10 shares.
Non native English speaker here, what does this mean?

I've seen the phrase a lot 'backed up the truck today'.
Think of a dump truck, backing up with sand in it and dumping it onto something like a playground.

Instead of saying he is backing up his fictitious dump truck of money and putting it on a few stocks
I always get a chuckle when this comes up. haha

Visual:
https://i.imgur.com/ozyCSWU.mp4

More detailed:
https://www.investopedia.com/terms/b/backupthetruck.asp

:)
Hmmm...not widely used today but was in vogue in the 1990s....I guess that dates some of us...
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

I bought $7,000 worth of $VXUS.
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sailaway
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Re: U.S. stocks in free fall

Post by sailaway »

lostdog wrote: Tue Jul 27, 2021 12:52 pm I bought $7,000 worth of $VXUS.
Pshaw, Megacorp (and hence upcoming RSUs) is down far more than that!
flyingaway
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Re: U.S. stocks in free fall

Post by flyingaway »

I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
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HomerJ
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Re: U.S. stocks in free fall

Post by HomerJ »

flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
It's too late now if you've been waiting for ages.
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mrspock
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Re: U.S. stocks in free fall

Post by mrspock »

flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
Lol. We had one better… -34% last year. It was like free money, taking candy from a baby, never a more emotionally driven — data free crash, a more telegraphed recovery. Where were you for that? Even now…. this run up is painfully obvious (recovery, inflation, stimulus, low interest rates).

I think you will be waiting for a number of years yet. Probably some event will force the fed to increase interest rates (inflation?) and a choice between lesser evils will be forced upon them. Equities might get the short straw here and I can see that causing some pain.

Probably not as clean as I’m describing, but something like that seems reasonable.
flyingaway
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Re: U.S. stocks in free fall

Post by flyingaway »

mrspock wrote: Tue Jul 27, 2021 1:45 pm
flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
Lol. We had one better… -34% last year. It was like free money, taking candy from a baby, never a more emotionally driven — data free crash, a more telegraphed recovery. Where were you for that? Even now…. this run up is painfully obvious (recovery, inflation, stimulus, low interest rates).

I think you will be waiting for a number of years yet. Probably some event will force the fed to increase interest rates (inflation?) and a choice between lesser evils will be forced upon them. Equities might get the short straw here and I can see that causing some pain.

Probably not as clean as I’m describing, but something like that seems reasonable.
I missed that one, as I was waiting for at least a 50% drop at that time.
chazas
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Re: U.S. stocks in free fall

Post by chazas »

Well I almost hit the bottom with my small monthly VTI purchase today. Love it when that happens randomly.
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Re: U.S. stocks in free fall

Post by HootingSloth »

flyingaway wrote: Tue Jul 27, 2021 2:04 pm
mrspock wrote: Tue Jul 27, 2021 1:45 pm
flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
Lol. We had one better… -34% last year. It was like free money, taking candy from a baby, never a more emotionally driven — data free crash, a more telegraphed recovery. Where were you for that? Even now…. this run up is painfully obvious (recovery, inflation, stimulus, low interest rates).

I think you will be waiting for a number of years yet. Probably some event will force the fed to increase interest rates (inflation?) and a choice between lesser evils will be forced upon them. Equities might get the short straw here and I can see that causing some pain.

Probably not as clean as I’m describing, but something like that seems reasonable.
I missed that one, as I was waiting for at least a 50% drop at that time.
It's good that you have reduced your threshold for investing your money from a 50% drop to a 10-20% drop. You may wish to consider reducing it to 0-1% drop. Today looks like it qualifies!
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mrspock
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Re: U.S. stocks in free fall

Post by mrspock »

flyingaway wrote: Tue Jul 27, 2021 2:04 pm
mrspock wrote: Tue Jul 27, 2021 1:45 pm
flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
Lol. We had one better… -34% last year. It was like free money, taking candy from a baby, never a more emotionally driven — data free crash, a more telegraphed recovery. Where were you for that? Even now…. this run up is painfully obvious (recovery, inflation, stimulus, low interest rates).

I think you will be waiting for a number of years yet. Probably some event will force the fed to increase interest rates (inflation?) and a choice between lesser evils will be forced upon them. Equities might get the short straw here and I can see that causing some pain.

Probably not as clean as I’m describing, but something like that seems reasonable.
I missed that one, as I was waiting for at least a 50% drop at that time.
Rebalance bands are your friend. You won’t capture gains from a given crash/correction — but you will capture a satisfyingly large piece of it.

Shift your mindset from perfection to “good enough” or from avoiding all mistakes to “avoid the big mistakes”.

Rebalance bands effectively do this mechanically, without emotion or guessing. The band hits… you rebalance. Market goes lower again? Band will hit again and you get another piece of it, rinse repeat.
jarjarM
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Re: U.S. stocks in free fall

Post by jarjarM »

Amazon and Pinterest all missed, so warming up the thread for tomorrow. :twisted:
runcyc
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Re: U.S. stocks in free fall

Post by runcyc »

jarjarM wrote: Thu Jul 29, 2021 3:25 pm Amazon and Pinterest all missed, so warming up the thread for tomorrow. :twisted:
The sellers must have something to hang their hats on...I agree they'll take whatever they can get and exaggerate it
atdharris
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Re: U.S. stocks in free fall

Post by atdharris »

It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
jarjarM
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Re: U.S. stocks in free fall

Post by jarjarM »

atdharris wrote: Thu Jul 29, 2021 4:03 pm It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
QQQ is not looking nice after hour. Maybe it's rotation back to value from growth again, like earlier this year.
runcyc
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Re: U.S. stocks in free fall

Post by runcyc »

...or just don't worry about rotations from sector to sector. Buy VTSAX OR VTI and hold, long term. These rotations, long-term, are nothing in the total picture.
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Re: U.S. stocks in free fall

Post by Marseille07 »

jarjarM wrote: Thu Jul 29, 2021 4:09 pm
atdharris wrote: Thu Jul 29, 2021 4:03 pm It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
QQQ is not looking nice after hour. Maybe it's rotation back to value from growth again, like earlier this year.
Time to buy the dip!
mtmingus
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Re: U.S. stocks in free fall

Post by mtmingus »

HomerJ released the news that today he unloaded sizable amount of equity!

viewtopic.php?f=10&t=354671
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HomerJ
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Re: U.S. stocks in free fall

Post by HomerJ »

mtmingus wrote: Thu Jul 29, 2021 5:07 pm HomerJ released the news that today he unloaded sizable amount of equity!

viewtopic.php?f=10&t=354671
LOL.
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Keenobserver
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Re: U.S. stocks in free fall

Post by Keenobserver »

Marseille07 wrote: Thu Jul 29, 2021 4:36 pm
jarjarM wrote: Thu Jul 29, 2021 4:09 pm
atdharris wrote: Thu Jul 29, 2021 4:03 pm It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
QQQ is not looking nice after hour. Maybe it's rotation back to value from growth again, like earlier this year.
Time to buy the dip!
What dip? A 15 to 17% drop would simply mean losing the gains of the last 3 months. I dont see that as anything. A 25% drop would mean Im a little down for the year. Dont see what would cause 25% sell off however. Hardly anything for a long term Boogleheader.
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Re: U.S. stocks in free fall

Post by Keenobserver »

Marseille07 wrote: Thu Jul 29, 2021 4:36 pm
jarjarM wrote: Thu Jul 29, 2021 4:09 pm
atdharris wrote: Thu Jul 29, 2021 4:03 pm It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
QQQ is not looking nice after hour. Maybe it's rotation back to value from growth again, like earlier this year.
Time to buy the dip!
What dip? A 15 to 17% drop would simply mean losing the gains of the last 3 months. I dont see that as anything. A 25% drop would mean Im a little down for the year. Dont see what would cause 25% sell off however. Hardly anything for a long term Boogleheader.
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Re: U.S. stocks in free fall

Post by lostdog »

Looks like QQQer's are going to have a rough day tomorrow.
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Ed 2
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Re: U.S. stocks in free fall

Post by Ed 2 »

HomerJ wrote: Thu Jul 29, 2021 5:45 pm
mtmingus wrote: Thu Jul 29, 2021 5:07 pm HomerJ released the news that today he unloaded sizable amount of equity!

viewtopic.php?f=10&t=354671
LOL.
Just put an order unloading all my cash reserves into triple leverage long QQQ. Buhahaha
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Re: U.S. stocks in free fall

Post by Visitor76 »

Looks like the forecast tomorrow is red across the board. Just in time for Contribution Day.
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jarjarM
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Re: U.S. stocks in free fall

Post by jarjarM »

lostdog wrote: Thu Jul 29, 2021 7:34 pm Looks like QQQer's are going to have a rough day tomorrow.
TQQQers will suffer even more :oops: :annoyed Darn Amazon
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Bluce
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Re: U.S. stocks in free fall

Post by Bluce »

runcyc wrote: Thu Jul 29, 2021 4:18 pm ...or just don't worry about rotations from sector to sector. Buy VTSAX OR VTI and hold, long term. These rotations, long-term, are nothing in the total picture.
I agree. Trying to pinpoint the latest hot sector, or value vs. growth, yadda yadda is futile.

In the long run, the total market covers them all.
"There are no new ideas, only forgotten ones." -- Amity Shlaes
Marseille07
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Re: U.S. stocks in free fall

Post by Marseille07 »

Keenobserver wrote: Thu Jul 29, 2021 7:04 pm
Marseille07 wrote: Thu Jul 29, 2021 4:36 pm
jarjarM wrote: Thu Jul 29, 2021 4:09 pm
atdharris wrote: Thu Jul 29, 2021 4:03 pm It's going to be ugly tomorrow for QQQ at least. Amazon tanking 7% and Pinterest down 16% and 22% for today if you include the after hours. So much for my speculative play :(
QQQ is not looking nice after hour. Maybe it's rotation back to value from growth again, like earlier this year.
Time to buy the dip!
What dip? A 15 to 17% drop would simply mean losing the gains of the last 3 months. I dont see that as anything. A 25% drop would mean Im a little down for the year. Dont see what would cause 25% sell off however. Hardly anything for a long term Boogleheader.
I was joking around. I do start loading up but there isn't a big dip to exploit just yet.
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firebirdparts
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Re: U.S. stocks in free fall

Post by firebirdparts »

Uh oh. Payday was last week.
This time is the same
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Yesterdaysnews
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Re: U.S. stocks in free fall

Post by Yesterdaysnews »

Good time to buy AMZN, $100B+ revenue every quarter, they will be fine.
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Re: U.S. stocks in free fall

Post by Hyperchicken »

Good, good!
Let bearish sentiments flow through you!
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OohLaLa
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Re: U.S. stocks in free fall

Post by OohLaLa »

Hyperchicken wrote: Thu Jul 29, 2021 10:59 pm Good, good!
Let bearish sentiments flow through you!
hahahahaha... I read that in the voice. :mrgreen:

I'm just going to leave this appropriate clip, especially for all you fellow TQQQers:
https://www.youtube.com/watch?v=hRBOnA0ak4w
Robot Monster
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Re: U.S. stocks in free fall

Post by Robot Monster »

Yesterdaysnews wrote: Thu Jul 29, 2021 10:46 pm Good time to buy AMZN, $100B+ revenue every quarter, they will be fine.
Bought 10 shares, and some Vanguard TIPS just so my settlement fund has a nice even number.
JD2775
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Re: U.S. stocks in free fall

Post by JD2775 »

Payday plus monthly extra $$ to taxable acct contribution day :sharebeer
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Re: U.S. stocks in free fall

Post by pasadena »

And here I am, with a nice paycheck today, buying... bonds, on a day when they're basically the only thing that's up, like a good boglehead :D . Trying to make up for market timing a couple of weeks ago lol.
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Re: U.S. stocks in free fall

Post by firebirdparts »

flyingaway wrote: Tue Jul 27, 2021 2:04 pm
mrspock wrote: Tue Jul 27, 2021 1:45 pm
flyingaway wrote: Tue Jul 27, 2021 1:24 pm I have been awaiting for that elusive 10~20% pull-back that many analysts predicted for ages. Come on, let me have it.
Lol. We had one better… -34% last year. It was like free money, taking candy from a baby, never a more emotionally driven — data free crash, a more telegraphed recovery. Where were you for that?
I missed that one, as I was waiting for at least a 50% drop at that time.
Hmmm. Well, now, self-awareness is the ultimate form of aggression
This time is the same
Williams57
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Re: U.S. stocks in free fall

Post by Williams57 »

Yesterdaysnews wrote: Thu Jul 29, 2021 10:46 pm Good time to buy AMZN, $100B+ revenue every quarter, they will be fine.
Finally converted my ARKK to AMZN, today was a good day. I'm ARK-free now!
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Re: U.S. stocks in free fall

Post by nedsaid »

Come on guys, stop with the buy on the dip stuff. If you are so optimistic, you should be posting in the "Soar" thread. We need truly bearish sentiment on the "free fall" thread to keep this rally going. :wink:

Sort of like the "Elves" on Wall $treet Week back in the day, the market was bullish when they were bearish and the market was bearish when the Elves were bullish, a pretty good contrary indicator. The Elves were a panel of Technical Analysts lead by Robert Nurock, I remember when Rukeyser teased him on the program about this and Mr. Nurock had a look of disgust on his face. Finally, Rukeyser fired the Elves in 2001 after the Tech crash. Of the whole Elves panel, Gail Dudack was the lone bear, she was fired first but her bearishness was eventually vindicated.

Be like the Elves. Please.
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Re: U.S. stocks in free fall

Post by rockstar »

Williams57 wrote: Fri Jul 30, 2021 7:44 pm
Yesterdaysnews wrote: Thu Jul 29, 2021 10:46 pm Good time to buy AMZN, $100B+ revenue every quarter, they will be fine.
Finally converted my ARKK to AMZN, today was a good day. I'm ARK-free now!
What if it floods? Going to get flood insurance?

My AMZN position sucked today. But when I look back at previous earning releases, it mostly drop right after. This looks normal to me. I would like to see a positive real return for 2021 for AMZN.
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Re: U.S. stocks in free fall

Post by Bluce »

nedsaid wrote: Fri Jul 30, 2021 8:12 pm Come on guys, stop with the buy on the dip stuff. If you are so optimistic, you should be posting in the "Soar" thread. We need truly bearish sentiment on the "free fall" thread to keep this rally going. :wink:

Sort of like the "Elves" on Wall $treet Week back in the day, the market was bullish when they were bearish and the market was bearish when the Elves were bullish, a pretty good contrary indicator. The Elves were a panel of Technical Analysts lead by Robert Nurock, I remember when Rukeyser teased him on the program about this and Mr. Nurock had a look of disgust on his face. Finally, Rukeyser fired the Elves in 2001 after the Tech crash. Of the whole Elves panel, Gail Dudack was the lone bear, she was fired first but her bearishness was eventually vindicated.

Be like the Elves. Please.
I loved that show, kinda forgotten about it in recent years. It was a good thing to settle in with on a Friday evening.
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Williams57
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Re: U.S. stocks in free fall

Post by Williams57 »

rockstar wrote: Fri Jul 30, 2021 8:20 pm
Williams57 wrote: Fri Jul 30, 2021 7:44 pm
Yesterdaysnews wrote: Thu Jul 29, 2021 10:46 pm Good time to buy AMZN, $100B+ revenue every quarter, they will be fine.
Finally converted my ARKK to AMZN, today was a good day. I'm ARK-free now!
What if it floods? Going to get flood insurance?

My AMZN position sucked today. But when I look back at previous earning releases, it mostly drop right after. This looks normal to me. I would like to see a positive real return for 2021 for AMZN.
Haha.
Amen!
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Re: U.S. stocks in free fall

Post by stocknoob4111 »

Small Caps getting absolutely crushed... again!!
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Re: U.S. stocks in free fall

Post by minesweep »

The 10th anniversary of this thread is just hours away.
U.S. stocks in free fall
Post by Lbill » Mon Aug 08, 2011 1:30 pm

DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?
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Re: U.S. stocks in free fall

Post by Stinky »

minesweep wrote: Sat Aug 07, 2021 4:31 pm The 10th anniversary of this thread is just hours away.
U.S. stocks in free fall
Post by Lbill » Mon Aug 08, 2011 1:30 pm

DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?
On 8/8/2011, the S&P 500 (SPX) lost 80 points, or 6.7%, to close at 1,120.

On 8/6/2021, the S&P closed at 4,436. Almost a four-fold rise in the last decade.
Last edited by Stinky on Sat Aug 07, 2021 6:16 pm, edited 1 time in total.
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zaboomafoozarg
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Re: U.S. stocks in free fall

Post by zaboomafoozarg »

minesweep wrote: Sat Aug 07, 2021 4:31 pmThe 10th anniversary of this thread is just hours away.
A couple weeks before this thread was created, I made my first big taxable purchase in VTSAX.

Put 20% of my net worth in it, then watched it drop 20% over the next couple of months.

It all turned out OK in the end though.
Locked