Author Topic: Here it comes-- Red Dow  (Read 121671 times)

mrpercentage

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Here it comes-- Red Dow
« on: April 05, 2016, 05:00:18 AM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

Metric Mouse

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Re: Here it comes-- Red Dow
« Reply #1 on: April 05, 2016, 05:04:22 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #2 on: April 05, 2016, 05:16:59 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

Yet you spend a good amount of time in financial forums. You are the most interested not interested internet ghost I have ever met.

Metric Mouse

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Re: Here it comes-- Red Dow
« Reply #3 on: April 05, 2016, 05:52:07 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

Yet you spend a good amount of time in financial forums. You are the most interested not interested internet ghost I have ever met.

Perhaps the evolution of entertainment?

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #4 on: April 05, 2016, 06:01:30 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

Yet you spend a good amount of time in financial forums. You are the most interested not interested internet ghost I have ever met.

Perhaps the evolution of entertainment?

Maybe. I think its a little less creepy than bombing Squawk Box with Twitter comments. I did that for a while. I had to delete my Twitter account. There is something creepy about it. I did get a few anchors to respond though. When I asked what he kept looking at on the laptop, Carl Quintanilla said "MineCraft."  I cried. That was great

2Birds1Stone

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Re: Here it comes-- Red Dow
« Reply #5 on: April 05, 2016, 06:01:59 AM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

You do realize we are up ~2,400 points since the 52 week low? I hope you have a crystal ball ;)

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #6 on: April 05, 2016, 06:08:04 AM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

You do realize we are up ~2,400 points since the 52 week low? I hope you have a crystal ball ;)

Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

Metric Mouse

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Re: Here it comes-- Red Dow
« Reply #7 on: April 05, 2016, 06:12:31 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

Yet you spend a good amount of time in financial forums. You are the most interested not interested internet ghost I have ever met.

Perhaps the evolution of entertainment?

Maybe. I think its a little less creepy than bombing Squawk Box with Twitter comments. I did that for a while. I had to delete my Twitter account. There is something creepy about it. I did get a few anchors to respond though. When I asked what he kept looking at on the laptop, Carl Quintanilla said "MineCraft."  I cried. That was great

I have literally no idea what any of that means... I don't twitter or minecraft...

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #8 on: April 05, 2016, 06:15:28 AM »
I vaguely miss the excitement of watching the market work its way up and down every week...

Yet you spend a good amount of time in financial forums. You are the most interested not interested internet ghost I have ever met.


Perhaps the evolution of entertainment?

Maybe. I think its a little less creepy than bombing Squawk Box with Twitter comments. I did that for a while. I had to delete my Twitter account. There is something creepy about it. I did get a few anchors to respond though. When I asked what he kept looking at on the laptop, Carl Quintanilla said "MineCraft."  I cried. That was great

I have literally no idea what any of that means... I don't twitter or minecraft...

Its about the evolution of entertainment man.. its not always about you. I know thats hard to believe but its true

shotgunwilly

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Re: Here it comes-- Red Dow
« Reply #9 on: April 05, 2016, 06:38:08 AM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

You do realize we are up ~2,400 points since the 52 week low? I hope you have a crystal ball ;)

Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in.  You're not exactly making the case for your investment policy.

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #10 on: April 05, 2016, 06:44:51 AM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

You do realize we are up ~2,400 points since the 52 week low? I hope you have a crystal ball ;)

Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in.  You're not exactly making the case for your investment policy.

No I quit buying stocks and started buying bonds. I still own the stocks I had. I will rotate those bonds into stocks when they drop. Its called buying low. Im not selling.

Jack

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Re: Here it comes-- Red Dow
« Reply #11 on: April 05, 2016, 06:47:09 AM »
Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in.  You're not exactly making the case for your investment policy.

I LOL'd.

Retire-Canada

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Re: Here it comes-- Red Dow
« Reply #12 on: April 05, 2016, 06:53:01 AM »
So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in. 

...don't forget the quarterly dividends.

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #13 on: April 05, 2016, 07:01:13 AM »
So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in. 

...don't forget the quarterly dividends.

Yeah they go into bonds too. Thats the way my 457 works. Dividends go to your current investment election. I buy bonds and rotate them into stocks when stocks get slammed.

My direct stock purchases still reinvest but I have been thinking of taking them in cash

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #14 on: April 05, 2016, 07:33:01 AM »

Heckler

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Re: Here it comes-- Red Dow
« Reply #15 on: April 05, 2016, 08:04:49 AM »
Why are they all smiling and clapping?   Doesn't this signify the end of all things?

protostache

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Re: Here it comes-- Red Dow
« Reply #16 on: April 05, 2016, 08:10:09 AM »
Why are they all smiling and clapping?   Doesn't this signify the end of all things?

There are only 252 opportunities to ring the bell in 2016 and if you actually get a slot and corresponding photo opportunity, you better believe everyone is going to be smiling and happy.

Note that there's no charge to actually ring the bell, but if you want anything else I believe the fees get into mid six figures.  Just like wedding photos.

(source: sketchy memories from the time years ago that the company I worked for opened NASDAQ and the corresponding grumbling from the disgruntled engineers)

Retire-Canada

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Re: Here it comes-- Red Dow
« Reply #17 on: April 05, 2016, 08:18:45 AM »
Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

How much have you stockpiled for your triumphant return to the market?

ScarElbow

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Re: Here it comes-- Red Dow
« Reply #18 on: April 05, 2016, 09:14:22 AM »
Earnings season kicks off April 11. Consensus is negative. We'll see

dandarc

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Re: Here it comes-- Red Dow
« Reply #19 on: April 05, 2016, 09:22:09 AM »
Why are they all smiling and clapping?   Doesn't this signify the end of all things?
Am I reading that right in the background?  IFLY: PureFunds Drone Economy Strategy ETF

Jack

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Re: Here it comes-- Red Dow
« Reply #20 on: April 05, 2016, 09:29:08 AM »
Am I reading that right in the background?  IFLY: PureFunds Drone Economy Strategy ETF

Wow. And apparently "GAMR: Video Game Tech [ETF]." Holy narrow sector, Batman!

forummm

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Re: Here it comes-- Red Dow
« Reply #21 on: April 05, 2016, 10:21:18 AM »
Am I reading that right in the background?  IFLY: PureFunds Drone Economy Strategy ETF

Wow. And apparently "GAMR: Video Game Tech [ETF]." Holy narrow sector, Batman!

"Own Your Investments"

Um, how else would you do that?

thd7t

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Re: Here it comes-- Red Dow
« Reply #22 on: April 05, 2016, 10:22:47 AM »
Am I reading that right in the background?  IFLY: PureFunds Drone Economy Strategy ETF

Wow. And apparently "GAMR: Video Game Tech [ETF]." Holy narrow sector, Batman!

"Own Your Investments"

Um, how else would you do that?
In this case, I think it's shorthand for "buy our products"

forummm

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Re: Here it comes-- Red Dow
« Reply #23 on: April 05, 2016, 10:26:46 AM »
Am I reading that right in the background?  IFLY: PureFunds Drone Economy Strategy ETF

Wow. And apparently "GAMR: Video Game Tech [ETF]." Holy narrow sector, Batman!

"Own Your Investments"

Um, how else would you do that?
In this case, I think it's shorthand for "buy our products"
All corporate slogans are.

dividendman

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Re: Here it comes-- Red Dow
« Reply #24 on: April 06, 2016, 01:30:44 PM »
almost a 100 point gain today... mrpercentage, what is your prognosis?


Eric

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Re: Here it comes-- Red Dow
« Reply #25 on: April 06, 2016, 02:53:43 PM »
Is mrpercentage really Peter Schiff?  (see ad on right side of attached screenshot)

wienerdog

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Re: Here it comes-- Red Dow
« Reply #26 on: April 06, 2016, 03:43:03 PM »
almost a 100 point gain today... mrpercentage, what is your prognosis?

I think he was wrong on the "early" part.  It just isn't May yet.

2Birds1Stone

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Re: Here it comes-- Red Dow
« Reply #27 on: April 06, 2016, 05:05:31 PM »
Lol, this is why these threads are only good for a laugh...........and even a broken clock is correct twice a day.

2buttons

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Re: Here it comes-- Red Dow
« Reply #28 on: April 06, 2016, 05:27:17 PM »
Comedy.

aschmidt2930

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Re: Here it comes-- Red Dow
« Reply #29 on: April 06, 2016, 05:28:16 PM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

You do realize we are up ~2,400 points since the 52 week low? I hope you have a crystal ball ;)

Yes I stopped buying stocks 1000 points ago. Im waiting for the 5-10% drop that is coming. I know it is. Can't tell you exactly when other than soon enough.

So let me get this straight.... You sat out a 5-10% runup, so you could wait for a 5-10% drop to buy back in.  You're not exactly making the case for your investment policy.

Well played.  Not only is it simply gambling, the premise is illogical.

ender

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Re: Here it comes-- Red Dow
« Reply #30 on: April 06, 2016, 05:45:39 PM »
almost a 100 point gain today... mrpercentage, what is your prognosis?


https://www.youtube.com/watch?v=NnP5iDKwuwk


we don't have youtube embedding apparently? :(

iamlindoro

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Re: Here it comes-- Red Dow
« Reply #31 on: April 06, 2016, 06:18:45 PM »
https://www.youtube.com/watch?v=NnP5iDKwuwk


we don't have youtube embedding apparently? :(

Too appropriate since mrpercentage's analysis method is effectively "use the force..."

forummm

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Re: Here it comes-- Red Dow
« Reply #32 on: April 06, 2016, 06:39:54 PM »
May selling coming early? I think so.

I knew I wouldn't have to wait long for 100+ drop in the Dow. I think we will have some more in the not too distant future. I have money parked in bonds waiting for another opening like this one

So you're looking for Red Dow(n)?

https://www.youtube.com/watch?v=1_I4WgBfETc

Cycling Stache

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Re: Here it comes-- Red Dow
« Reply #33 on: April 07, 2016, 05:09:27 AM »
OMG YESTERDAY WAS THE BEGINNING OF THE APRIL ASCENSION!!!!!!!!

(Or maybe not, which is why I just put in when I have it, and stay in until I need it.)

ScarElbow

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Re: Here it comes-- Red Dow
« Reply #34 on: April 07, 2016, 08:57:15 AM »
He's not wrong on the direction, duration maybe. It's simple really. Overbought underlyings have a tendency to correct themselves. The Dow has been in overbought territory for a while. If you're a trader now is a great time.

frugledoc

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Re: Here it comes-- Red Dow
« Reply #35 on: April 07, 2016, 11:20:25 AM »
Maybe for the tiny percent that make money but almost all traders lose.

ScarElbow

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Re: Here it comes-- Red Dow
« Reply #36 on: April 07, 2016, 12:03:31 PM »
Yeah my doctor told me not to run anymore because most runners get runner's knee. Why do runners get runner's knee? Well because their technique is wrong, they don't have adequate strength to support their knee joint. Why do runners have poor technique and inadequate strength? Well because....And if i kept on asking why, the doctor would eventually say something about statistical evidence this and statistical evidence that without addressing any specific remedy to the problem. Well then, instead of telling runners they would get injured by running, shouldn't they instead encourage them to find ways to prevent injuries and perhaps enhance the experience of running?
« Last Edit: April 07, 2016, 12:40:00 PM by ScarElbow »

dividendman

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Re: Here it comes-- Red Dow
« Reply #37 on: April 07, 2016, 01:25:55 PM »
OMG! Looks like the DOW is down over 1% today. mrpercentage was right!!!!111

forummm

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Re: Here it comes-- Red Dow
« Reply #38 on: April 07, 2016, 01:40:59 PM »
OMG! Looks like the DOW is down over 1% today. mrpercentage was right!!!!111

If the trend continues, it's headed towards 500!!!

ender

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Re: Here it comes-- Red Dow
« Reply #39 on: April 08, 2016, 05:55:21 AM »
He's not wrong on the direction, duration maybe. It's simple really. Overbought underlyings have a tendency to correct themselves. The Dow has been in overbought territory for a while. If you're a trader now is a great time.

The problem with this statement is I've been reading the same thing on the forums for several years.

Yet the market went up during that time on the whole, fairly significantly.


wienerdog

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Re: Here it comes-- Red Dow
« Reply #40 on: April 08, 2016, 06:32:36 AM »
"No one believes it, but we think the lows are in for 2016, and we think we're still going to achieve 2,350 by year-end," Johnson said, referring to a level that is 14 percent above Thursday's opening price."

Straight from CNBC and I think mrpercentage watches that so they have to be right.

http://www.cnbc.com/2016/04/07/the-big-sp-prediction-that-no-one-believes.html

smedleyb

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Re: Here it comes-- Red Dow
« Reply #41 on: April 08, 2016, 12:55:22 PM »
He's not wrong on the direction, duration maybe. It's simple really. Overbought underlyings have a tendency to correct themselves. The Dow has been in overbought territory for a while. If you're a trader now is a great time.

The problem with this statement is I've been reading the same thing on the forums for several years.

Yet the market went up during that time on the whole, fairly significantly.

Having been obstinately bearish for a good chunk of that move, I completely agree with your assessment.  Nobody has a crystal ball, but remaining steadily invested year in year out is the only sane financial path to generating real wealth in the stock market. 

That said, I got a real bad feeling about this market over the next several months and slightly beyond.  For most, that means absolutely nothing -- as it should.  For those who enjoy gossiping about the day to day irrational gyrations of stock prices, it means that caution -- and cash -- might be in order here. 

Indexer

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Re: Here it comes-- Red Dow
« Reply #42 on: April 08, 2016, 09:42:47 PM »
So market timing... bad market timing aside...

We are looking for a 100 point swing in the DJIA. We are looking for a 100 point swing in an index that is currently over 17,500 and it only tracks 30 stocks. It is also price weighted.

1 stock having a bad day could move the DOW 100 points. I'm just saying....

Travis

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Re: Here it comes-- Red Dow
« Reply #43 on: April 08, 2016, 10:01:03 PM »
So market timing... bad market timing aside...

We are looking for a 100 point swing in the DJIA. We are looking for a 100 point swing in an index that is currently over 17,500 and it only tracks 30 stocks. It is also price weighted.

1 stock having a bad day could move the DOW 100 points. I'm just saying....

A bad day is also just...one day. With hundreds more to go.  It's statistically pointless to concern yourself with a single day change of 100 points. Or a single day change in any direction.

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #44 on: April 09, 2016, 05:06:37 PM »
Well April 22 is the official Earth Day-- and more importantly Passover--- its "Sell Passover buy Yom Kippur"

Go ahead a laugh away. You guys did the same thing after I said sell because of the Disney crash. What happened? Within a couple of weeks a 1000 point drop. I don't think it will be quite so bad but I do think its coming-- and within the next 30 days. Cant tell you the exact date but if Im wrong I will be holding 3 months of bonds. Woopty-do

Im not sure how everyone gets all crazy with "you can't predict anything". Dude even a groundhog can see spring coming.

forummm

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Re: Here it comes-- Red Dow
« Reply #45 on: April 09, 2016, 05:11:19 PM »
Im not sure how everyone gets all crazy with "you can't predict anything". Dude even a groundhog can see spring coming.

I think it's possible to predict some things. But I won't bet my life savings on a rodent's shadow.

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #46 on: April 09, 2016, 05:44:22 PM »
Im not sure how everyone gets all crazy with "you can't predict anything". Dude even a groundhog can see spring coming.

I think it's possible to predict some things. But I won't bet my life savings on a rodent's shadow.

touche..

Im not selling anything [just to clarify]. Im just trying to get in on better prices. I think I can get better [even if only temporary] prices than they are right now. Im willing to gamble buying bonds until they do. I think we have run up too far too fast to get enthusiastic about buying stocks right now. Just an opinion

Past predictions do not predict future results. Talk to your financial advisor, or stay out of internet forums

protostache

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Re: Here it comes-- Red Dow
« Reply #47 on: April 09, 2016, 06:03:29 PM »
Go ahead a laugh away. You guys did the same thing after I said sell because of the Disney crash. What happened? Within a couple of weeks a 1000 point drop.

Not for me. I bought Disney at the bottom and it's gone up almost 10%. For the next few months the smartest thing for me might be to hold cash, though. I guess we'll see when I put new money in at the end of April.

mrpercentage

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Re: Here it comes-- Red Dow
« Reply #48 on: April 09, 2016, 06:13:24 PM »
Go ahead a laugh away. You guys did the same thing after I said sell because of the Disney crash. What happened? Within a couple of weeks a 1000 point drop.

Not for me. I bought Disney at the bottom and it's gone up almost 10%. For the next few months the smartest thing for me might be to hold cash, though. I guess we'll see when I put new money in at the end of April.

Awesome man. I love Disney. Best of luck with the market. I think we will have a window sometime soon. Where it goes from there who knows... I just want to avoid buying tops.

capitalninja

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Re: Here it comes-- Red Dow
« Reply #49 on: April 11, 2016, 06:52:49 AM »
I initially thought that this post was a belated April's Fools Day prank but he's really serious...........