Jump to content
Sign in to follow this  
abenjami

I'm going to liquidate my portfolio

Recommended Posts

1 hour ago, OILERMAN said:

Futures are rising, dow futures currently down 78. The job numbers come out today but we already know it's going to be historically bad, will that affect the market?

 

Down 200 now.

Share this post


Link to post
Share on other sites

Market going straight up even after unemployment data. The market cares more about bailouts, stimulus and fed action than actual economy. 
 

But it could easily turn with this volatility 

Share this post


Link to post
Share on other sites

Don't fret kiddos, not everyone is good enough to buy back in at the bottom like I did.  :D  Well, except that Bill Ackman guy, who sunk 2.5 billion back into the market right after I bought in!  Thought leaders unite!  X Men Unite!

 

Loooogggaaannnn!!!

 

logan.jpg

 

 

Share this post


Link to post
Share on other sites
15 minutes ago, OILERMAN said:

Market going straight up even after unemployment data. The market cares more about bailouts, stimulus and fed action than actual economy. 
 

But it could easily turn with this volatility 

 

I'm not surprised about the unemployment data being a non-factor.  I think a lot of people (myself included) believe this will be a fast rebound once the height of the virus passes.

 

The real question at this point is will there be one more big pull back or should those with cash be going all in now before it never stops going up?  I'm thinking Friday will be interesting.  If it's anything like 2008 or last Friday, there will be a mass sell-off to avoid holding positions into the weekend.

Share this post


Link to post
Share on other sites
27 minutes ago, abenjami said:

 

I'm not surprised about the unemployment data being a non-factor.  I think a lot of people (myself included) believe this will be a fast rebound once the height of the virus passes.

 

The real question at this point is will there be one more big pull back or should those with cash be going all in now before it never stops going up?  I'm thinking Friday will be interesting.  If it's anything like 2008 or last Friday, there will be a mass sell-off to avoid holding positions into the weekend.

Gotta admit, this lil rally stings a bit. I closed my main money market account when the dow was around 20.5k. I am gambling for a really big pulldown in the next month to get back in. 

 

We still have scary earnings reports coming, a recession knocking on the door, and a now red-hot fire of a debt-crisis that everyone is selectively ignoring for the time being. Fundamentally, there is no logical reason that the market as a whole would ever rise back to the level it was at. 

 

 

Share this post


Link to post
Share on other sites
53 minutes ago, OilerTitanHybrid said:

Don't fret kiddos, not everyone is good enough to buy back in at the bottom like I did.  :D  Well, except that Bill Ackman guy, who sunk 2.5 billion back into the market right after I bought in!  Thought leaders unite!  X Men Unite!

 

Loooogggaaannnn!!!

I just hope you made a large mint on Chipotle. If you had cash and an account to pounce on that timing, kudos. 

Share this post


Link to post
Share on other sites
9 minutes ago, Downtown said:

I just hope you made a large mint on Chipotle. If you had cash and an account to pounce on that timing, kudos. 

 

Oh ya man, CMG was a no brainer at those prices.  But truthfully, I didn't sell all my stuff at the top or anything.  This money I put back in, is just cash that I had, or was able to free up, to buy more stuff.  I still had most of my holdings in the market like Buffett does and Olierman does.  I don't try to time stuff from my main holdings much.  I just try to add as much to it as I can when a black swan event like this happens, or even a good normal 10-15% retrace.

 

The Buffett/Oilerman/OTH system has been good to me for years.  I ain't gonna fuck it up.  I just try to add as much as possible when this stuff happens.  I sleep good at night now, while a lot of people are freaking out.  Keep plugging away out there Oilerman!  It's gonna be worth it in 10 years!  Looogggaaannn!!!

Share this post


Link to post
Share on other sites
9 hours ago, abenjami said:

The real question at this point is will there be one more big pull back or should those with cash be going all in now before it never stops going up?

 

The real question is did we have a massive market drop of historic proportion and you not get back in and salvage the massive mistime? 

 

What if it only goes up from here? Not a prediction, I have no clue. 

 

What will have been the worst move, getting out at 18,300 originally or not getting back in when it was around that mark last week?

 

 

You actually got it!

Share this post


Link to post
Share on other sites
9 hours ago, OilerTitanHybrid said:

Don't fret kiddos, not everyone is good enough to buy back in at the bottom like I did.  :D  Well, except that Bill Ackman guy, who sunk 2.5 billion back into the market right after I bought in!  Thought leaders unite!  X Men Unite!

 

Loooogggaaannnn!!!

 

logan.jpg

 

 

 

I bought on the 15th but it's not like it was a big deal or something. *yawn*

Share this post


Link to post
Share on other sites

I still haven't got the last of my dividends and I always wait until right after the first to buy so I'm hoping Abenjami is right(NO!) and the market sells off tomorrow and has another big drop before I buy. 

 

Unless it's another couple of really big days I'll still be getting much cheaper shares than the previous highs. 

 

The beauty of just dollar cost averaging in is you don't have to try and guess anything. You just buy

Share this post


Link to post
Share on other sites
1 hour ago, OILERMAN said:

 

The real question is did we have a massive market drop of historic proportion and you not get back in and salvage the massive mistime? 

 

What if it only goes up from here? Not a prediction, I have no clue. 

 

What will have been the worst move, getting out at 18,300 originally or not getting back in when it was around that mark last week?

 

 

I did make a few purchases last week at the right time.

Share this post


Link to post
Share on other sites

This is the "Too Good To Be True" rally.  The market in still jittery and any bad news is going to hit it worse than usual.  My hope is this gets corrected and doesn't roll over into the real estate market.  If that happens in conjunction with a pandemic there is no way to figure out the future.

 

My latest idea in they may have to revalue currency world wide and institute price freezes.  A split, with severe penalties for price gouging.  Even illegal businesses would have to hold prices.  This would take major enforcement.  Money has no value.  But it is our medium of exchange.  If they split money, say 7 for 5.  Everyone would have more dollars to pay off all the losses from the pandemic.  Back rent, car notes, mortgages, jet skis.  Everybody is made hole with the new funny money.  It would still have the same real value, worthless.  But people would have peace of mind.  

 

Think of homeowners being 4 months behind.  They don't earn enough to catch up back payments because R.E. agents and mortgage lenders get people to max out their borrowing ability when they purchase a home.  How many people are savers?  Those that are don't want to pay it all for worldwide disaster.  The people who have all the money will still have all the money, nothing is changed.  Everybody goes on as usual.  It's just like when they stopped using the gold standard.**

 

They could waive debt, but we are selfish.  Jojo owed 185K and I only owed 33K.   Some smart person will have to figure this out.  America has this huge deficit.  But they are giving out trillions upon trillions to prop up the economy.  Where are they getting the money to pass out?  They are just printing more.  Everybody is printing money.**

 

**https://www.frbsf.org/education/publications/doctor-econ/2004/april/money-supply-currency-counterfeit/

Share this post


Link to post
Share on other sites

Pretty interesting going back through this thread, our boy DMeade was a poster in it

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.



Titans Report Footer Logo

Titans Report is a fan operated website for the Tennessee Titans. The site includes a message board, blog, podcast, organized fantasy games,and a mobile site. The podcast has had on many prominent members of the media covering the Titans. Some names include John McClain of the Houston Chronicle, Jim Wyatt of the Tennessee Titans official website, Paul Kuharsky of 104.5 The Zone, Phillip B. Wilson of the Indy Star, Jonathan Hutton of the Titans Radio Network, Sal Capaccio of the Buffalo Bills Radio Network, Scott Wright of Draft Countdown, and others.

Official Website

Kuharsky's Blog

ESPN NFL Nation

104.5 The Zone

102.5 The Game

TITANSLINKS

×
×
  • Create New...