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cornerstore · 30 May 2020, 08:18 AM

“The World Trade Organization is expecting to see a 13-23% contraction in worldwide trade and the Organization for Economic Coordination and Development warned that the economic downturn would be lasting.”

Letsgodiving · 30 May 2020, 08:59 AM

Quote:

Originally Posted by cornerstore

“The World Trade Organization is expecting to see a 13-23% contraction in worldwide trade and the Organization for Economic Coordination and Development warned that the economic downturn would be lasting.”

You seem to be a perma-bear. Back in March you were saying the Dow should stabilize around 12k and could go to 7500 sooner rather than later. Here we are at Dow 25383 two months later. I wonder how much $$ you have lost/missed out on with your negative view of the market/economy.

Maybe we will get there and you will be proven right but right now your outlook has been spectacularly wrong.

JParm · 30 May 2020, 09:15 AM

Quote:

Originally Posted by Letsgodiving

You seem to be a perma-bear. Back in March you were saying the Dow should stabilize around 12k and could go to 7500 sooner rather than later. Here we are at Dow 25383 two months later. I wonder how much $$ you have lost/missed out on with your negative view of the market/economy.

Maybe we will get there and you will be proven right but right now your outlook has been spectacularly wrong.

Concur. Most of his posts have edged that way, and I truly don't see how it helps anyone.

If you want to complain about the state of the market, take it to another forum. We'd rather help each other out around here.

cornerstore · 30 May 2020, 09:33 AM

Quote:

Originally Posted by jpeezy14@hotmail.com

Concur. Most of his posts have edged that way, and I truly don't see how it helps anyone.

If you want to complain about the state of the market, take it to another forum. We'd rather help each other out around here.

I posted a news release quote by the WTO”. My first post in a week on this thread, after the market is closed. As to helping out , getting conflicting views on investor forums is helping out. Ironically I did not complain, I only posted a Barrons link and a quote.

austinp · 30 May 2020, 09:36 AM

I like to hear opinions and read articles on both sides. Let’s keep it civil gents.

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cornerstore · 30 May 2020, 09:50 AM

Quote:

Originally Posted by Letsgodiving

You seem to be a perma-bear. Back in March you were saying the Dow should stabilize around 12k and could go to 7500 sooner rather than later. Here we are at Dow 25383 two months later. I wonder how much $$ you have lost/missed out on with your negative view of the market/economy.

Maybe we will get there and you will be proven right but right now your outlook has been spectacularly wrong.

Not my outlook, Barrons and WTO. Yes me and a ton of people missed this 30% move by underestimating the lengths the Fed would go to to prop up the show. Today Fed Chief ” many red lines have been crossed” in the financial markets. Pretty much sums it up. Good that you are making money.

cornerstore · 30 May 2020, 02:31 PM

Quote:

Originally Posted by austinp

I like to hear opinions and read articles on both sides. Let’s keep it civil gents.

Sent from my iPhone using Tapatalk

I agree, the thread is titled - talking stocks- after all.

77T · 30 May 2020, 03:21 PM

We’ll probably not see anything like this again...until next time. (and there’s always a next time)

Flash Crash
DotCom Bubble
Great Recession
Pandemic _____________(fill-in the blank)

I’m not sure we’re past this one yet so the balance sheet at the Fed will likely fatten up. Planning accordingly could net you gains.

Sent from my iPhone using Tapatalk Pro

walds11 · 30 May 2020, 06:37 PM

Quote:

Originally Posted by austinp

I like to hear opinions and read articles on both sides. Let’s keep it civil gents.

Sent from my iPhone using Tapatalk

Both sides of what? I don’t want to see this thread closed down. Things went haywire on that other thread and it was shut down.

A971 · 30 May 2020, 08:21 PM

I didn't buy enough stock.

This pain trade higher is... painful.

I enjoy this thread. Thanks to everyone for participating.

austinp · 31 May 2020, 02:04 PM

Quote:

Originally Posted by walds11

Both sides of what? I don’t want to see this thread closed down. Things went haywire on that other thread and it was shut down.

The bulls and bears. Some are firmly in one camp or the other. I like hearing from both.

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razzz · 1 June 2020, 12:07 AM

Adyen is the biggest weight in my personal account at about 25%. It's expensive but that is the norm when buying fast growing, payment processors. I like their customer focused approach. They appear to have the secret sauce, based on the clients they are able to attract(eBay, Uber, Spotify, etc). Payments are a sticky business too. Once you sign up with someone, it is hard to leave.

If you wanted to invest in Stripe(private), this would be the best alternative. It's been on a tear lately because of the e-commerce boom, so I would be weary of that. Overall I think this is a solid +10yr buy and hold.

walds11 · 1 June 2020, 01:12 AM

Quote:

Originally Posted by austinp

The bulls and bears. Some are firmly in one camp or the other. I like hearing from both.

Sent from my iPhone using Tapatalk

Got it

RyanO · 1 June 2020, 07:21 AM

Hope everyone had a nice weekend. Does anyone else thing the riots which are erupting across the country coupled with the escalating trade tensions with China might derail this rally?

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bryan13 · 1 June 2020, 10:02 AM

Quote:

Originally Posted by RyanO

Hope everyone had a nice weekend. Does anyone else thing the riots which are erupting across the country coupled with the escalating trade tensions with China might derail this rally?

Sent from my iPhone using Tapatalk

Thats what you would think and would be most logical. But in the current market bad news is only good news. Futures did open down about a percent, but they will recover and probably be up by open if I had to guess.

RyanO · 1 June 2020, 11:12 AM

And on that note, futures have recovered most of their losses.

bryan13 · 1 June 2020, 11:25 AM

Quote:

Originally Posted by RyanO

And on that note, futures have recovered most of their losses.

Is anyone really all that surprised? Futures are a total joke at this point.

watchmework · 1 June 2020, 12:33 PM

Quote:

Originally Posted by bryan13

Is anyone really all that surprised? Futures are a total joke at this point.

I agree...most of the time I look the futures flip from pos to neg or neg to positive overnight, has been the case the past couple weeks at least.

razzz · 1 June 2020, 12:51 PM

It just goes to show how much uncertainty there is right now. Price discovery at its finest.

beshannon · 1 June 2020, 09:00 PM

Quote:

Originally Posted by RyanO

And on that note, futures have recovered most of their losses.

Algos trading the news cycle

Quote:

Originally Posted by bryan13

Is anyone really all that surprised? Futures are a total joke at this point.

Not sure they are a joke, they are very thinly traded and move on news

Quote:

Originally Posted by watchmework

I agree...most of the time I look the futures flip from pos to neg or neg to positive overnight, has been the case the past couple weeks at least.

Not enough trade to maintain a more orderly market so they swing very quickly with the news

Quote:

Originally Posted by razzz

It just goes to show how much uncertainty there is right now. Price discovery at its finest.

Exactly and the overnight futures are an indicator of possible sentiment for the day

JParm · 1 June 2020, 10:07 PM

https://www.marketwatch.com/story/he...S%3D1591012967

Keeping on the defensive today. I am including TJX to my watchlist, but I don't anticipate making any moves unless we hit a circuit breaker...

logo · 2 June 2020, 12:20 AM

Extremely thin volume market today. Not much movement for the mega name stocks like AAPL, NKE, HD etc, but large swings in some harder hit stocks like airlines and cruise lines. Need to be cautious on those IMO - not sure that holds into the close.

JParm · 2 June 2020, 12:29 AM

Quote:

Originally Posted by logo

Extremely thin volume market today. Not much movement for the mega name stocks like AAPL, NKE, HD etc, but large swings in some harder hit stocks like airlines and cruise lines. Need to be cautious on those IMO - not sure that holds into the close.

Was going to same the same. I think people are waiting on the sidelines right now to see how the protests, China relations, etc. will affect this in the near term.

https://www.marketwatch.com/story/th...S%3D1591021226

beshannon · 2 June 2020, 12:39 AM

Quote:

Originally Posted by logo

Extremely thin volume market today. Not much movement for the mega name stocks like AAPL, NKE, HD etc, but large swings in some harder hit stocks like airlines and cruise lines. Need to be cautious on those IMO - not sure that holds into the close.

Quote:

Originally Posted by jpeezy14@hotmail.com

Was going to same the same. I think people are waiting on the sidelines right now to see how the protests, China relations, etc. will affect this in the near term.

https://www.marketwatch.com/story/th...S%3D1591021226

Agreed and remember we have entered a seasonally slow time anyway, the news cycle is stranger this year but it is summer. I would expect thin trading and wild swings but I am not sure we break from the trading range until possibly the fall.

I am standing pat at the moment, I removed a lot of my trading cash for a large purchase (planned) so I have less to work with at this time in one of my trading accounts.

cornerstore · 2 June 2020, 01:43 AM

China tells state firms to halt purchases of major U.S. farm products:

https://finance.yahoo.com/news/china...104544960.html

JParm · 2 June 2020, 02:36 AM

https://www.cnbc.com/2020/06/01/why-...e-streets.html

Interesting article on those asking why we're still up with everything going on in the world.

beshannon · 2 June 2020, 08:55 PM

Very confusing news flow

https://www.thestreet.com/markets/5-...tuesday-060220

I remain cautious and will protect gains at this level on the S&P

I see no value to purchase at the moment and have been simply watching

Uggi · 2 June 2020, 09:23 PM

Quote:

Originally Posted by beshannon

I remain cautious and will protect gains at this level on the S&P

I see no value to purchase at the moment and have been simply watching

Exactly the same for me. Most of my stops closed out at levels I'm very happy with at the end of last week or yesterday. I have cash on hand and will be patient. My remaining open (US) positions are in GOOG, MSFT, WFC, JPM and a smaller one in BRK. That's down from around 25 positions in March. I'm not even close to being tempted to buy into anything here, especially with events unfolding at present.

kieselguhr · 3 June 2020, 02:58 AM

No adds this week either. Been sticking to the plan and just collecting premiums on airlines and will keep doing so until they get called away from me.

JParm · 3 June 2020, 06:23 AM

https://www.barrons.com/articles/sto...on-51591038369

Some good insight here from yesterday.

30 May 2020, 03:21 PM	#2918
77T 2025 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 42,325	We’ll probably not see anything like this again...until next time. (and there’s always a next time) Flash Crash DotCom Bubble Great Recession Pandemic _____________(fill-in the blank) I’m not sure we’re past this one yet so the balance sheet at the Fed will likely fatten up. Planning accordingly could net you gains. Sent from my iPhone using Tapatalk Pro __________________ Does anyone really know what time it is?

1 June 2020, 10:07 PM	#2931
JParm "TRF" Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,571	https://www.marketwatch.com/story/he...S%3D1591012967 Keeping on the defensive today. I am including TJX to my watchlist, but I don't anticipate making any moves unless we hit a circuit breaker... __________________

2 June 2020, 02:36 AM	#2936
JParm "TRF" Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,571	https://www.cnbc.com/2020/06/01/why-...e-streets.html Interesting article on those asking why we're still up with everything going on in the world. __________________

2 June 2020, 08:55 PM	#2937
beshannon "TRF" Member Join Date: Jun 2009 Real Name: Brian Location: Northern Virginia Watch: One of Not Many Posts: 17,892	Very confusing news flow https://www.thestreet.com/markets/5-...tuesday-060220 I remain cautious and will protect gains at this level on the S&P I see no value to purchase at the moment and have been simply watching __________________ IWC Portugieser 7 Day, Omega Seamaster SMP300m, Vacheron Constantin Traditionnelle Complete Calendar, Glashutte PanoInverse, Glashutte SeaQ Panorama Date, Omega Aqua Terra 150, Omega CK 859, Omega Speedmaster 3861 Moonwatch, Breitling Superocean Steelfish, JLC Atmos Transparent Clock

3 June 2020, 06:23 AM	#2940
JParm "TRF" Member Join Date: Aug 2010 Location: NorCal Watch: Yes! Posts: 6,571	https://www.barrons.com/articles/sto...on-51591038369 Some good insight here from yesterday. __________________

30 May 2020, 08:18 AM	#2911
cornerstore "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 4,012	“The World Trade Organization is expecting to see a 13-23% contraction in worldwide trade and the Organization for Economic Coordination and Development warned that the economic downturn would be lasting.”

30 May 2020, 09:36 AM	#2915
austinp "TRF" Member Join Date: Jul 2013 Location: us Posts: 3,419	I like to hear opinions and read articles on both sides. Let’s keep it civil gents. Sent from my iPhone using Tapatalk

30 May 2020, 08:21 PM	#2920
A971 "TRF" Member Join Date: Jun 2018 Location: Japan Posts: 252	I didn't buy enough stock. This pain trade higher is... painful. I enjoy this thread. Thanks to everyone for participating.

1 June 2020, 12:07 AM	#2922
razzz "TRF" Member Join Date: Jan 2020 Location: NorCal Posts: 24	Adyen is the biggest weight in my personal account at about 25%. It's expensive but that is the norm when buying fast growing, payment processors. I like their customer focused approach. They appear to have the secret sauce, based on the clients they are able to attract(eBay, Uber, Spotify, etc). Payments are a sticky business too. Once you sign up with someone, it is hard to leave. If you wanted to invest in Stripe(private), this would be the best alternative. It's been on a tear lately because of the e-commerce boom, so I would be weary of that. Overall I think this is a solid +10yr buy and hold.

1 June 2020, 07:21 AM	#2924
RyanO "TRF" Member Join Date: Feb 2013 Real Name: Ryan Location: DMV Watch: LVc Posts: 2,162	Hope everyone had a nice weekend. Does anyone else thing the riots which are erupting across the country coupled with the escalating trade tensions with China might derail this rally? Sent from my iPhone using Tapatalk

1 June 2020, 11:12 AM	#2926
RyanO "TRF" Member Join Date: Feb 2013 Real Name: Ryan Location: DMV Watch: LVc Posts: 2,162	And on that note, futures have recovered most of their losses.

1 June 2020, 12:51 PM	#2929
razzz "TRF" Member Join Date: Jan 2020 Location: NorCal Posts: 24	It just goes to show how much uncertainty there is right now. Price discovery at its finest.

2 June 2020, 12:20 AM	#2932
logo "TRF" Member Join Date: Jan 2019 Location: North America Posts: 2,368	Extremely thin volume market today. Not much movement for the mega name stocks like AAPL, NKE, HD etc, but large swings in some harder hit stocks like airlines and cruise lines. Need to be cautious on those IMO - not sure that holds into the close.

2 June 2020, 01:43 AM	#2935
cornerstore "TRF" Member Join Date: Sep 2009 Location: Canada Posts: 4,012	China tells state firms to halt purchases of major U.S. farm products: https://finance.yahoo.com/news/china...104544960.html

3 June 2020, 02:58 AM	#2939
kieselguhr "TRF" Member Join Date: May 2013 Real Name: Nick Location: Las Vegas Watch: 1601 Posts: 10,643	No adds this week either. Been sticking to the plan and just collecting premiums on airlines and will keep doing so until they get called away from me.

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