User Panel
Posted: 12/26/2018 4:19:04 PM EDT
It will probably crash tomorrow (fuck Mondays).
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With as brutal as the selloff has been thus far in December, it would be foolish to think todays action is anything but a headfake. This being said, it did bounce off a long 2 year support line today, so maybe there is hope.
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I invest with a calendar, not a stop-watch so the day-to-day twitching of the market doesn't concern me (much).
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I really wish I had surplus money to invest when the market goes in free fall.
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Oil rebounded and so did stocks. My call is that we rebound for the rest of the week and then panic sell again next week.
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We're -16% from the highs this year and the trend is definitely down. One big up day is nice, but there's nothing to suggest it will hold right now. If we put together a string of wins and break through some moving averages to the upside then it'll be time to get excited.
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Up 860... and I forgot to throw a few K into it this morning.
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Quoted:
Time to get short again. View Quote |
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%5 in one day is a pretty monster rally. The rest of the week will be interesting.
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If I was DJT on Air Force One right now, I'd be saying "Melania, you know what would make this a perfect day?"
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Quoted:
If it keeps going up, it's because economic prosperity from Obama's term is catching up View Quote View All Quotes View All Quotes |
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Quoted:
Crazy how in an 8 hr period, can make all the difference on when it's best to buy stocks. View Quote View All Quotes View All Quotes |
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At least today it was good compared to days past so I will gladly take it.
Who knows maybe in a few more weeks it will rise enough so that I might sell off that shitty International Equity fund I stuck money in a few years ago. |
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I wish all the financial network media experts that will crawl out of the woodwork this afternoon could have tipped me off to this sort of move in advance.
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Meanwhile at CNN...
"Stocks closed slightly higher but still tend toward decline as fears of Trump recession deepens." |
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Pre payday bounce. Can’t be low when all those 401k dollars hit Friday morning
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So we got a new day tomorrow.
Are we going to cry in our beer, or toast our sparkling wine? |
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