U.S. stocks in free fall

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MnD
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Re: U.S. stocks in free fall

Post by MnD »

Marseille07 wrote: Wed May 18, 2022 2:38 pm
MnD wrote: Wed May 18, 2022 2:37 pm
Duelnature wrote: Wed May 18, 2022 12:43 pm Bear market at 3837, correct?
I thought it was under 3855?

Last peak 4818.62 on 1//4/2022
4818.62-(4818.62X.2)= 3854.90
I use the highest closing price, not the intraday peak.
I wonder what the official "bear market proclaimers" use? Past intraday high or closing high?
i suppose one should be consistent with the low price (intraday or closing) whichever one is used.
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livesoft
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Re: U.S. stocks in free fall

Post by livesoft »

MnD wrote: Wed May 18, 2022 5:50 pmI wonder what the official "bear market proclaimers" use? Past intraday high or closing high?
i suppose one should be consistent with the low price (intraday or closing) whichever one is used.
I came across this yesterday what I think is from someone who reads this forum which addresses what you wrote:
https://www.gebele.com/charts-and-graphs/bulls-n-bears

It is even possible that you are that someone. ;)
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strummer6969
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Re: U.S. stocks in free fall

Post by strummer6969 »

000 wrote: Wed May 18, 2022 5:46 pm
trirunner wrote: Wed May 18, 2022 5:42 pm everyone here in this thread is a paper hand, HODL your luna and to the moooooooooooooooon.........................
"Give me diamond hands and something to hodl with them, and I shall fly to the moon." -- Archimemes
"First they came for QQQ, and I didn't not speak out.
Then they came for bitcoin, and I did not speak out.
Then they came for S&P-and there was no one left to speak out for me."

Also, "the Fed giveth and the Fed taketh away".
elderwise
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Re: U.S. stocks in free fall

Post by elderwise »

strummer6969 wrote: Wed May 18, 2022 6:00 pm
000 wrote: Wed May 18, 2022 5:46 pm
trirunner wrote: Wed May 18, 2022 5:42 pm everyone here in this thread is a paper hand, HODL your luna and to the moooooooooooooooon.........................
"Give me diamond hands and something to hodl with them, and I shall fly to the moon." -- Archimemes
"First they came for QQQ, and I didn't not speak out.
Then they came for bitcoin, and I did not speak out.
Then they came for S&P-and there was no one left to speak out for me."

Also, "the Fed giveth and the Fed taketh away".
What bout my TQQQ and FNGU and NRGU ...
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

elderwise wrote: Wed May 18, 2022 6:04 pm
strummer6969 wrote: Wed May 18, 2022 6:00 pm
000 wrote: Wed May 18, 2022 5:46 pm
trirunner wrote: Wed May 18, 2022 5:42 pm everyone here in this thread is a paper hand, HODL your luna and to the moooooooooooooooon.........................
"Give me diamond hands and something to hodl with them, and I shall fly to the moon." -- Archimemes
"First they came for QQQ, and I didn't not speak out.
Then they came for bitcoin, and I did not speak out.
Then they came for S&P-and there was no one left to speak out for me."

Also, "the Fed giveth and the Fed taketh away".
What bout my TQQQ and FNGU and NRGU ...

Way before QQQ 😂
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

Jimsad wrote: Wed May 18, 2022 3:19 pm Sucker punch today for those who got sucked in after last few days rally thinking the bottom was already reached
Where are all the posters who were doing limit orders for buying dips?
They all died... 😈
Marseille07
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Re: U.S. stocks in free fall

Post by Marseille07 »

newyorker wrote: Wed May 18, 2022 6:11 pm
Jimsad wrote: Wed May 18, 2022 3:19 pm Sucker punch today for those who got sucked in after last few days rally thinking the bottom was already reached
Where are all the posters who were doing limit orders for buying dips?
They all died... 😈
Aren't you still DCAing?
strummer6969
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Re: U.S. stocks in free fall

Post by strummer6969 »

elderwise wrote: Wed May 18, 2022 6:04 pm
strummer6969 wrote: Wed May 18, 2022 6:00 pm
000 wrote: Wed May 18, 2022 5:46 pm
trirunner wrote: Wed May 18, 2022 5:42 pm everyone here in this thread is a paper hand, HODL your luna and to the moooooooooooooooon.........................
"Give me diamond hands and something to hodl with them, and I shall fly to the moon." -- Archimemes
"First they came for QQQ, and I didn't not speak out.
Then they came for bitcoin, and I did not speak out.
Then they came for S&P-and there was no one left to speak out for me."

Also, "the Fed giveth and the Fed taketh away".
What bout my TQQQ and FNGU and NRGU ...
NRGU up 200% YTD :!:
JD2775
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Re: U.S. stocks in free fall

Post by JD2775 »

I put a decent chunk into VTSAX yesterday when the cash became available. Ughhh...oh well, today could have gone up 4% just as well...

EDIT: Never mind! I see Vanguard screwed up somehow and it didn't settle until today, so I got today's price. Even though I submitted it at 10am yesterday. This is one time I don't mind the mess up :)
Last edited by JD2775 on Wed May 18, 2022 6:32 pm, edited 1 time in total.
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riverant
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Re: U.S. stocks in free fall

Post by riverant »

It’s hard to worry about market timing when the sudden movement of whatever I deposit pales in comparison to the dollar swing of the existing portfolio. This is a different mindset than earlier in my investing life and strange to be calmer about larger dollar swings.
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

Marseille07 wrote: Wed May 18, 2022 6:13 pm
newyorker wrote: Wed May 18, 2022 6:11 pm
Jimsad wrote: Wed May 18, 2022 3:19 pm Sucker punch today for those who got sucked in after last few days rally thinking the bottom was already reached
Where are all the posters who were doing limit orders for buying dips?
They all died... 😈
Aren't you still DCAing?
I am... barely alive haha
Bogle-007
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Re: U.S. stocks in free fall

Post by Bogle-007 »

JD2775 wrote: Wed May 18, 2022 6:28 pm I put a decent chunk into VTSAX yesterday when the cash became available. Ughhh...oh well, today could have gone up 4% just as well...

EDIT: Never mind! I see Vanguard screwed up somehow and it didn't settle until today, so I got today's price. Even though I submitted it at 10am yesterday. This is one time I don't mind the mess up :)
Whoa that shouldn’t happen. Does this actually happen a lot?
elderwise
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Re: U.S. stocks in free fall

Post by elderwise »

JD2775 wrote: Wed May 18, 2022 6:28 pm I put a decent chunk into VTSAX yesterday when the cash became available. Ughhh...oh well, today could have gone up 4% just as well...

EDIT: Never mind! I see Vanguard screwed up somehow and it didn't settle until today, so I got today's price. Even though I submitted it at 10am yesterday. This is one time I don't mind the mess up :)
usually if you ACH'ed in the payment, it *should* purchase VTSAX the same day you entered (COB price) unless your order was after hours or vanguard IT has gone bonkers.VG purchases even before the "cash" settles in your account, this is what I have noticed from before.

are you sure you got today's price?
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

Now, I have to figure out when to get back in. For now, I'm waiting for my 3 month t-bills to mature.

This is quiet the ride. A 15-18x PE seems more than possible given that it also seems likely to see the 10 year get to 5% by time the Fed finishes up. Maybe a 3.5-4% by year end.
JD2775
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Re: U.S. stocks in free fall

Post by JD2775 »

elderwise wrote: Wed May 18, 2022 6:50 pm
JD2775 wrote: Wed May 18, 2022 6:28 pm I put a decent chunk into VTSAX yesterday when the cash became available. Ughhh...oh well, today could have gone up 4% just as well...

EDIT: Never mind! I see Vanguard screwed up somehow and it didn't settle until today, so I got today's price. Even though I submitted it at 10am yesterday. This is one time I don't mind the mess up :)
usually if you ACH'ed in the payment, it *should* purchase VTSAX the same day you entered (COB price) unless your order was after hours or vanguard IT has gone bonkers.VG purchases even before the "cash" settles in your account, this is what I have noticed from before.

are you sure you got today's price?
Umm, I was mistaken. It closed at $99.40 (yesterday's price). It's $95.44 currently. Bummer.
000
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Re: U.S. stocks in free fall

Post by 000 »

Futures in free fall
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

000 wrote: Wed May 18, 2022 6:58 pm Futures in free fall
Another 10-20% seems more than possible.
stocknoob4111
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Re: U.S. stocks in free fall

Post by stocknoob4111 »

official bear market entry tomorrow?
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

elderwise wrote: Wed May 18, 2022 6:04 pm
strummer6969 wrote: Wed May 18, 2022 6:00 pm
000 wrote: Wed May 18, 2022 5:46 pm
trirunner wrote: Wed May 18, 2022 5:42 pm everyone here in this thread is a paper hand, HODL your luna and to the moooooooooooooooon.........................
"Give me diamond hands and something to hodl with them, and I shall fly to the moon." -- Archimemes
"First they came for QQQ, and I didn't not speak out.
Then they came for bitcoin, and I did not speak out.
Then they came for S&P-and there was no one left to speak out for me."

Also, "the Fed giveth and the Fed taketh away".
What bout my TQQQ and FNGU and NRGU ...
I made a good 50% return on a portion of my portfolio trading TQQQ in 2020 and 2021. I haven't been in it since the summer of 2021. I wouldn't buy it now with the VXN so high. But if QQQ goes down 50% and the VXN get back into the low 20s, I might pull the trigger on some TQQQ in the future. But it's a trade not a long term hold.
stocknoob4111
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Re: U.S. stocks in free fall

Post by stocknoob4111 »

if we enter a bear market tomorrow wouldn't this be the first time in history where we're having a bear market so soon after the last one (March 2020)? Not sure what the previous record was.
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JoMoney
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Re: U.S. stocks in free fall

Post by JoMoney »

rockstar wrote: Wed May 18, 2022 7:16 pm...
I made a good 50% return on a portion of my portfolio trading TQQQ in 2020 and 2021....
Interesting to note, that from 2020 through 2021 TQQQ was up like 250% for someone that just bought and held vs "trading" it.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
smooth_rough
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Re: U.S. stocks in free fall

Post by smooth_rough »

Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Last edited by smooth_rough on Wed May 18, 2022 8:00 pm, edited 1 time in total.
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JoMoney
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Re: U.S. stocks in free fall

Post by JoMoney »

smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart.

Shift to value stocks for recession potential?
Maybe... or maybe you already missed it... S&P 500 Value is down less than -5% year to date, relative to the full S&P 500 down -14%
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

JoMoney wrote: Wed May 18, 2022 7:27 pm
rockstar wrote: Wed May 18, 2022 7:16 pm...
I made a good 50% return on a portion of my portfolio trading TQQQ in 2020 and 2021....
Interesting to note, that from 2020 through 2021 TQQQ was up like 250% for someone that just bought and held vs "trading" it.
Are you still holding it?
runner540
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Re: U.S. stocks in free fall

Post by runner540 »

smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Just wait until Zillow algorithms catch up with higher interest rates and housing market calming a bit. House is most people’s biggest asset. It says my house went up 5% last month alone. That’s insane.
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

runner540 wrote: Wed May 18, 2022 8:06 pm
smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Just wait until Zillow algorithms catch up with higher interest rates and housing market calming a bit. House is most people’s biggest asset. It says my house went up 5% last month alone. That’s insane.
Mostly cash only offers by me. It really depends how much folks need to finance.
newyorker
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Re: U.S. stocks in free fall

Post by newyorker »

runner540 wrote: Wed May 18, 2022 8:06 pm
smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Just wait until Zillow algorithms catch up with higher interest rates and housing market calming a bit. House is most people’s biggest asset. It says my house went up 5% last month alone. That’s insane.
Zillow estimate is skewed up. I can guarantee house price going down.
rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

newyorker wrote: Wed May 18, 2022 8:13 pm
runner540 wrote: Wed May 18, 2022 8:06 pm
smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Just wait until Zillow algorithms catch up with higher interest rates and housing market calming a bit. House is most people’s biggest asset. It says my house went up 5% last month alone. That’s insane.
Zillow estimate is skewed up. I can guarantee house price going down.
Not until supply gets back to levels close to 2019. Only about 4000 homes are for sale by me. Back in 2019, there were 12,000. And if you go back a few more years, it was closer to 20,0000. Supply issues are still a big problem along with building costs. I don't expect home prices to come down, but I do expect them to stop growing as fast.
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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord »

I saved this thread for the end of the day. It was an interesting 5 pages.
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strummer6969
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Re: U.S. stocks in free fall

Post by strummer6969 »

runner540 wrote: Wed May 18, 2022 8:06 pm
smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
Just wait until Zillow algorithms catch up with higher interest rates and housing market calming a bit. House is most people’s biggest asset. It says my house went up 5% last month alone. That’s insane.
Yep, it doesn't help when people keep getting rosy Zillow estimates in their inbox. And if you use Mint, they use the Zillow value to calculate your net worth. It's surely making homeowners feel wealthy.

I got an email from Zillow last week estimating a 17% 1-year forecasted value increase. How comical.

I actually want my value to go down. I don't plan on selling for a long time and my property taxes are going up!
Nathan Drake
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Re: U.S. stocks in free fall

Post by Nathan Drake »

Marseille07 wrote: Wed May 18, 2022 2:33 pm
bugleheadd wrote: Wed May 18, 2022 2:32 pm I'm beginning to think my guess of s&p 5975 is a liitle bit off for the 2022 bogleheads contest.
Our friend Nathan Drake is currently #2 on the list.
Hah. I am pretty close but I'd be shocked if this is where we end up by January 1st. My target is what I felt was realistic given the run-up the last few years that seemed quite a bit unjustified, but the market can get pessimistic pretty quickly if we do fall into a recession or stagflationary environment. It won't be pretty.
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rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

smooth_rough wrote: Wed May 18, 2022 7:45 pm Weath effect in reverse. Investors are looking at their 401k and feeling poorer. Negative pyschology is setting in. Consumer spending is plumetting at walmart, the canary in the coal mine.

Shift to value stocks for recession potential?
This is the narrative I'm seeing. Producer prices went up. Manufacturers passed those costs onto customers. When customers had stimulus, they paid. Now, they don't have stimulus, and they are shifting from goods to services like travel. Retailers now are in a situation, where they paid more for goods than they can sell. Retailers will start to add discounts to get through this costly and overstocked inventory. Demand from stores will shift. I received in the mail more coupons from REI. And I'm seeing more ads for sales.

No idea what's safe. But I feel good about t-bills not losing me more nominally.
drk
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Re: U.S. stocks in free fall

Post by drk »

rockstar wrote: Wed May 18, 2022 8:42 pm I received in the mail more coupons from REI.
Not discounting the rest of your comment, but those were Anniversary Sale coupons. :D
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Kookaburra
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Re: U.S. stocks in free fall

Post by Kookaburra »

Stonks no more. For an entire generation of investors, this could be their first real bear market (in contrast to the unusual circumstances and quick recovery of the corona-crash). An agonizing drop, slow multi-year recovery, and stagflation to boot. Through this, stocks will return to their rightful masters.
smooth_rough
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Re: U.S. stocks in free fall

Post by smooth_rough »

Asian markets melting down. Not obviously better place for the "international" funds.
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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
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rockstar
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Re: U.S. stocks in free fall

Post by rockstar »

Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
It's sell the rally. That's the new memo. Buy the dip is history.
strummer6969
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Re: U.S. stocks in free fall

Post by strummer6969 »

Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
"They've done studies, you know. 60% of the time, it works every time." :sharebeer
MindBogler
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Re: U.S. stocks in free fall

Post by MindBogler »

Kookaburra wrote: Wed May 18, 2022 9:03 pm Stonks no more. For an entire generation of investors, this could be their first real bear market (in contrast to the unusual circumstances and quick recovery of the corona-crash). An agonizing drop, slow multi-year recovery, and stagflation to boot. Through this, stocks will return to their rightful masters.
I have some concerns that the capitulation this time around could be much more dramatic than 2008. There is a whole cohort of people who have lived in a NIRP/ZIRP/QE-everything [offensive language removed by moderator oldcomputerguy] era. Without the Fed put they are in for a surprise. I don't think the Fed steps in on this one to backstop the markets until they reach price stability. Buckle up.
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Re: U.S. stocks in free fall

Post by jason2459 »

rockstar wrote: Wed May 18, 2022 9:39 pm
Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
It's sell the rally. That's the new memo. Buy the dip is history.
Damn it. I missed the memo... :oops:

:moneybag
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Re: U.S. stocks in free fall

Post by muffins14 »

MindBogler wrote: Wed May 18, 2022 9:55 pm There is a whole cohort of people who have lived in a NIRP/ZIRP/QE-everything [offensive language removed by moderator oldcomputerguy] era.
What are these things?
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Re: U.S. stocks in free fall

Post by drk »

muffins14 wrote: Wed May 18, 2022 10:15 pm What are these things?
NIRP: negative interest rate policy
ZIRP: zero interest rate policy
QE: quantitative easing ("QE-everything" doesn't make sense, though)
[offensive language removed by moderator oldcomputerguy]
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000
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Re: U.S. stocks in free fall

Post by 000 »

MindBogler wrote: Wed May 18, 2022 9:55 pm I have some concerns that the capitulation this time around could be much more dramatic than 2008. There is a whole cohort of people who have lived in a NIRP/ZIRP/QE-everything [offensive language removed by moderator oldcomputerguy] era. Without the Fed put they are in for a surprise. I don't think the Fed steps in on this one to backstop the markets until they reach price stability. Buckle up.
So, what assets are you buying / holding?
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Re: U.S. stocks in free fall

Post by MindBogler »

000 wrote: Wed May 18, 2022 10:46 pm
MindBogler wrote: Wed May 18, 2022 9:55 pm I have some concerns that the capitulation this time around could be much more dramatic than 2008. There is a whole cohort of people who have lived in a NIRP/ZIRP/QE-everything [offensive language removed by moderator oldcomputerguy] era. Without the Fed put they are in for a surprise. I don't think the Fed steps in on this one to backstop the markets until they reach price stability. Buckle up.
So, what assets are you buying / holding?
You can look through my post history, but I went to 60% cash in stages between October and finished in January 2022. I know I'm losing money to inflation but I will not be sitting panicked on the sidelines. I have a plan to DCA back in to the market at various breakpoints, starting at SPX 3500. I'm sorry I've violated various Boglehead principles here but this one is just obvious (to me). All new contributions are going 100% stock to assist if I'm completely wrong. If stocks turn north, I will also DCA back in before the points at which I exited.
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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

rockstar wrote: Wed May 18, 2022 9:39 pm
Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
It's sell the rally. That's the new memo. Buy the dip is history.
What rally?
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
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Beensabu
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Re: U.S. stocks in free fall

Post by Beensabu »

strummer6969 wrote: Wed May 18, 2022 9:47 pm
Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
"They've done studies, you know. 60% of the time, it works every time." :sharebeer
DCA, small growth, or beer?
"The only thing that makes life possible is permanent, intolerable uncertainty; not knowing what comes next." ~Ursula LeGuin
000
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Re: U.S. stocks in free fall

Post by 000 »

MindBogler wrote: Wed May 18, 2022 10:54 pm You can look through my post history, but I went to 60% cash in stages between October and finished in January 2022. I know I'm losing money to inflation but I will not be sitting panicked on the sidelines. I have a plan to DCA back in to the market at various breakpoints, starting at SPX 3500. I'm sorry I've violated various Boglehead principles here but this one is just obvious (to me). All new contributions are going 100% stock to assist if I'm completely wrong. If stocks turn north, I will also DCA back in before the points at which I exited.
I'm not sure about seeing 3500. The 3800s could be a nice place for this arc to end, which could coincide with the market getting a whiff of a reversal on rate hikes due to economic slowing.
000
Posts: 8211
Joined: Thu Jul 23, 2020 12:04 am

Re: U.S. stocks in free fall

Post by 000 »

Beensabu wrote: Wed May 18, 2022 11:06 pm
strummer6969 wrote: Wed May 18, 2022 9:47 pm
Beensabu wrote: Wed May 18, 2022 9:26 pm Who else has been DCAing into small growth this whole time? Anyone? Imma keep on doing that. :beer

Oh, that reminds me, we have beer! Imma go drink one.
"They've done studies, you know. 60% of the time, it works every time." :sharebeer
DCA, small growth, or beer?
Next up: DCA or LS into beer? :?:
MindBogler
Posts: 1446
Joined: Wed Apr 17, 2013 12:05 pm

Re: U.S. stocks in free fall

Post by MindBogler »

000 wrote: Wed May 18, 2022 11:10 pm
MindBogler wrote: Wed May 18, 2022 10:54 pm You can look through my post history, but I went to 60% cash in stages between October and finished in January 2022. I know I'm losing money to inflation but I will not be sitting panicked on the sidelines. I have a plan to DCA back in to the market at various breakpoints, starting at SPX 3500. I'm sorry I've violated various Boglehead principles here but this one is just obvious (to me). All new contributions are going 100% stock to assist if I'm completely wrong. If stocks turn north, I will also DCA back in before the points at which I exited.
I'm not sure about seeing 3500. The 3800s could be a nice place for this arc to end, which could coincide with the market getting a whiff of a reversal on rate hikes due to economic slowing.
I think we'll know where this is going at Friday's options expiration. There is a huge wall at SPX 4000 and nothing major down to 3300. I think if we can't hold SPX 4000 this week it is going to crater.
fatcoffeedrinker
Posts: 445
Joined: Mon Mar 23, 2020 2:03 pm

Re: U.S. stocks in free fall

Post by fatcoffeedrinker »

Boilermaker82 wrote: Wed May 18, 2022 5:43 pm
koryg75 wrote: Wed May 18, 2022 5:14 pm
Kookaburra wrote: Wed May 18, 2022 5:07 pm For all the talk of cash being trash these days, it’s sure looking good to me.
Cash is down over 8% when you factor inflation. That’s good you you? I’ll take T bills and zi bonds any day.
Don’t forget stocks and bonds don’t hide from inflation either. Whatever they are down add another 8%.
Really just down your personal inflation rate. Mine has been nowhere near 8%. Maybe 2-3%. YMMV.
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