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Is it time to get out of the market?

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I would love to be at a protest and say “how about that stock market “! 

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17 minutes ago, Hardcore troubadour said:

I would love to be at a protest and say “how about that stock market “! 

I can only cheer for it because I benefit directly but it really is a sad commentary all around 

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35 minutes ago, bandrus1 said:

I can only cheer for it because I benefit directly but it really is a sad commentary all around 

Wall Street is liberal now so I assume nothing will be said. 

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2 hours ago, Hardcore troubadour said:

I would love to be at a protest and say “how about that stock market “! 

Don't forget your skateboard. 

  • Haha 1

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On 6/4/2020 at 2:55 PM, lod001 said:

Right now is one of the few times you can do it and make big $. I'm beating the S&P & NAZ this year. I plan on widening that gap later this year on the next selloff.

I was obviously kidding about timing the market...

 

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Sell! Sell! If you don't get out...you'll lose it all!  Sell!

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The market thinks covid is going to flare up and induce more lockdowns it appears.  

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The punishment has begun while I'm another 1.3% today in TLT.

39 minutes ago, nobody said:

The market thinks covid is going to flare up and induce more lockdowns it appears.  

No, it was due for a pullback according to Elliot waves. Target for the B wave is ~ 2800. As long as they don't talk retest of lows and instead talk about buying the dips we should plummet magnificently.

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Time to buy more.

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8 minutes ago, lod001 said:

The punishment has begun while I'm another 1.3% today in TLT.

No, it was due for a pullback according to Elliot waves. Target for the B wave is ~ 2800. As long as they don't talk retest of lows and instead talk about buying the dips we should plummet magnificently.

Disagree the covid defense stocks are all up.  TDOC AMZN DOCU WMT COST.

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25 minutes ago, nobody said:

Disagree the covid defense stocks are all up.  TDOC AMZN DOCU WMT COST.

Meaningless. That's simply because the idiots are running to them thinking that.

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Pump and dump at work. You may win. They definitely win. Over and over and over. 

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4 minutes ago, Hardcore troubadour said:

Pump and dump at work. You may win. They definitely win. Over and over and over. 

The pump is over. Now we witness the dump as the robinhooders have been so programmed to buy buy buy now, that they are buying on the way down as the real $ is selling to them. A nice multi month drain will have them (robinhooders, mom & pop, joe retail) hating the stock market, which needs to happen and hasn't happened since 2009.

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Just now, lod001 said:

The pump is over. Now we witness the dump as the robinhooders have been so programmed to buy buy buy now, that they are buying on the way down as the real $ is selling to them. A nice multi month drain will have them (robinhooders, mom & pop, joe retail) hating the stock market, which needs to happen and hasn't happened since 2009.

I like how you think. Banker man grows fat, working man gets thin. It’s all happened before, it will happen again. 

  • Thanks 1

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As I have $ on the sidelines (wasn't' even remotely fooled by this 'rally') I will play a bounce as we are now below max pain on options of SPY and QQQ.

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7 minutes ago, lod001 said:

Everyone standing around with their mouths open yet? 🤣

Not me. It’s all a game. 

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Just now, Hardcore troubadour said:

Not me. It’s all a game. 

I am.  I've already peed my pants 3 times.

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Just now, Hardcore troubadour said:

Not me. It’s all a game. 

Yep and the robinhooders are getting played.

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2 minutes ago, lod001 said:

Pathetic: Treasury Secretary Steven Mnuchin says the administration is “very seriously considering” additional stimulus payments to Americans https://on.wsj.com/3fcN9We

And there’s the pump being primed. 

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Just now, Hardcore troubadour said:

And there’s the pump being primed. 

I really need that pump handle to break off in his hand and shove it up his ass. He can extract it at S&P 2000.

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1 minute ago, lod001 said:

I really need that pump handle to break off in his hand and shove it up his ass. He can extract it at S&P 2000.

After the election, either way. If Biden wins and doesn’t get the senate he can forget any stimulus. If Trump wins and doesn’t get the house he can too. 

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Anything good on sale? Buy buy buy!!!!

This will be a minor correction, nothing to worry about.

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4 minutes ago, Cdub100 said:

Anything good on sale? Buy buy buy!!!!

This will be a minor correction, nothing to worry about.

What's funny about that is it is a 100% guess and they talked about it this morning. What we are seeing is a minor correction OR the start of a massive selloff. They both look the same. I'll stick with the elliot wave that says we hit ~ 2350-2800 in the coming weeks.

https://www.elliottwavetrader.net/images/charts/202006/full-1ad7bea74e06e19fe086ebaa8c50c922e0c73835.jpg

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15 minutes ago, lod001 said:

What's funny about that is it is a 100% guess and they talked about it this morning. What we are seeing is a minor correction OR the start of a massive selloff. They both look the same. I'll stick with the elliot wave that says we hit ~ 2350-2800 in the coming weeks.

https://www.elliottwavetrader.net/images/charts/202006/full-1ad7bea74e06e19fe086ebaa8c50c922e0c73835.jpg

The sites I trust said we are looking at continued growth for at least 5 years. If Biden wins that will change obviously. But the current chart analysis says historically we saw growth for 5 straight years with the potential for a minor correction sometime this year. Maybe this is it or maybe this is the summer sell-off and we'll see a couple of months of sideways trading. Who knows, but I'm staying the course. Nothing tells me that I need to do anything drastic. 

I AIN'T LEAVING!

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1 hour ago, Cdub100 said:

 

I AIN'T LEAVING!

That's what I like to hear. Not feeling pain yet.

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2 hours ago, lod001 said:

Yep and the robinhooders are getting played.

This is me.  I'm the ultimate sucker when it comes to any type of investing.  <_<

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45 minutes ago, lod001 said:

That's what I like to hear. Not feeling pain yet.

Pain? I'm doing amazing in this market. If there's a dip that's just another chance to buy cheaper 

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7 hours ago, lod001 said:

Options expire tomorrow. 

Check that. Next Friday. 

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11 hours ago, lod001 said:

I really need that pump handle to break off in his hand and shove it up his ass. He can extract it at S&P 2000.

For every 1000 points the market drops, the FED is going to pump a trillion into the economy.  Don't fight the fed.

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My builder owes me 4k and I want that money now. Some sweet deals are going on.

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I bought a lotto ticket. HTZ .45 option June 19th strike. cost me 4 bucks 

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