What is everybody doing? I saw this coming so I want to buy stocks but wondering how much further others think the DOW will drop? Some saying back down 13800 & I'm thinking no way maybe 14000 at most. All this due to Fed discussing tapering maybe by Q4 but heck they didn't really do anything & stayed the course. To me the stock market is ahead of the economy by 4-6 months so is there a downturn coming that the stock market sees & we don't?
How Far Down Will DOW Go?
- Thread starter whitedust
- Start date
Not really Fed said they might cut back on bond buy back end of Q4 if the economy can stand on it's own. Keyword is might & cut back not end so printing press still running full out for foreseeable future. I do agree lots wrong in China now & that could hurt the world big time just like USA bank & real estate collapse. IMO the bond buy back should be tapered now let the economy stand on it's own so we can have real growth. If you can buy a house do it now cheap money being weaned real soon.
highhertel
Member
S&P 500 should hit 1450 to 1500 by later this summer. It is all about Japan and the yen. Next year the rally continues. Sell in May/June and buy back in November, typical pattern year after year.
HH
HH
They say don't fight the Fed & I don't. Yep will have to taper sometime but just talking about it causes big sell off. I don't see S&P doing any better than DOW & tech is 1st to get hammered in down turn so no point considering tech either. Im not feeling good about the next 6 months market too flakey does not have confidence in itself & real growth. Sure you can hand pick a few gems to buy that got caught up in the downturn but I like to go long & not feeling it now or near future. In standby mode for now & might stay there.
highhertel
Member
I use TZA to short the market and TNA to go long.
highhertel
Member
These 3x funds are meant for trading, not buy and hold. My holds may be from an hour to a week or two depending on trend and how much time I have to trade. There are 1x and 2x funds available for less volatile, longer holds. Short term trades I will follow the 15 minute and 60 minute charts, longer term holds I use the 2 hour and daily chart. Fundamentals trump technicals, but both can be used to form a successful trading plan.
HH
anonomoose
New member
Well the talking heads suggest that the stock market is well ahead of the curve, on still fundamentally weak economy (feds pumping out paper keeps it afloat) and if the bonds improve which is likely to happen if the feds stop pumping...then money will get sucked out of the market and into bonds for yields. That worries the silk suits a bunch. Also a bunch of really well healed players are pulling money out of the market and have been for at least 60 days or so. Really really big money.
What's it all mean....you have to be nuts to be in there without having someone on YOUR side of the equation to keep you viable and move you in and out in a millisecond.
What's it all mean....you have to be nuts to be in there without having someone on YOUR side of the equation to keep you viable and move you in and out in a millisecond.
Heck yes if you trade those funds frequently you can make boat loads of money up cycles charted are huge but need to know when to sell & where to go when you sell & I have not been to cash since 2008 always invested in something. I'm over the hill for that style of investment not many years left to recover but see your point for sure via the charts. Very interesting for a young guy that can stay on top of those funds. I live off yield best of breed stocks & bonds but looking to buy some growth stock with modest yield buy low & ride it up long. I'm thinking we will go much lower in next 2 months only thing proping up June is end of Q2 then lookout Bears will rule for 2 months. Who knows I could be wrong just going with my gut & the state of the world. If Europe bottoms & turns China may not be a big factor but entire world a mess right now.
polarisrider1
New member
Off topic ramblings for sure.
highhertel
Member
Whitedust, check out RSO. It is a REIT that is paying a 12% dividend. I am not in it but have traded it. If the gap at $5.50 gets filled in the next few months, I will buy there and hold.
HH
skeeter2010
Member
I wish I understood this stuff, its like ewok talk, I invest in our 401k and just go aggressive and hope it pans out this year has been great last few years not so much. I up my plan to 15% after in 08 and went up to 17% this year I still have at least 25 year until retirement. But would really like to understand what drives my retirement plan
I just hope to not be eating cat food at 70 to survive
I just hope to not be eating cat food at 70 to survive
FYI,a lot of high rise buildings in the loop being bought up by investment groups. There are also a lot of cranes going up in the loop. This is most of my customer base. It's nice to see properties selling that are not in foreclosure . Lets hope it trickles down to the residential market. I hear," buy now"! Anyone have 250mill,there is a really nice building on Lasalle st I would like to pick up.lol
Stay with your 401K but rollover part to a professional he can do much better for you if worth his salt. He understands what you don't & has larger investment world compared to just your 401K plan. I talked to 1 or 2 advisers in my 40s but they wanted me to go liquid with everything put it all in the market retire at 40. Thinking back I may have asked the wrong questions & got the anwers I deserved! LOL
highhertel
Member
After 9/11, I wanted to invest in gold ETF funds when gold was around $100/oz. My stock broker at the time laughed and said gold hasn't moved in years, why would you want to invest in gold? After that comment, he became my ex-stock broker.
I spent almost 10 years in the financial services industry, be careful when picking a broker. Most stock brokers will make you much broker! No body cares more for your money than you, so one needs to educate themselves and do things on their own. Lot of slick Willies out there that only care about their commission checks. Still a very unregulated industry for the most part.
I pushed for years to get the local high school in Door County to become more proactive with educating students on finances and everyday life stuff. Unbelievable how the school administration fought this idea of teaching students life basics.
HH
I spent almost 10 years in the financial services industry, be careful when picking a broker. Most stock brokers will make you much broker! No body cares more for your money than you, so one needs to educate themselves and do things on their own. Lot of slick Willies out there that only care about their commission checks. Still a very unregulated industry for the most part.
I pushed for years to get the local high school in Door County to become more proactive with educating students on finances and everyday life stuff. Unbelievable how the school administration fought this idea of teaching students life basics.
HH
highhertel
Member
Cramer is a paid wall street pimp! Short anything he recommends on any pop. HH