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  #1  
Old 10-16-2014, 11:51 AM
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Default The market is down 8% ...

... over the last month. What are you doing about it? Selling off? Battening down the hatches? Or scooping up the bargains?

I picked up JPM @ $54.81. Not bad with a forward P/E below 10 and right @ book value.

Anyone else see any good deals out there?
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Old 10-16-2014, 03:41 PM
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Default Re: The market is down 8% ...

Not even looking.

I disposed of all my disposable income for this year building a lake and a barn. Actually, I have a meeting with my financial advisor tomorrow morning and we're going to use the little free cash sitting around in my portfolio to strengthen the position in some stocks that I already own.
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Old 12-08-2014, 08:53 AM
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Default Re: The market is down 8% ...

It has occured to me that the last time crude oil prices lost as much value as they have, the stock market crashed. This was back in 08...

At the time some advisors warned of the impending crash, based off what had happened to crude prices. Then I found this...

http://www.informationclearinghouse.info/article40370.htm

It states that the junk bond market is the thing to watch now. JFYI.

Regards, Kirk
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Old 12-18-2014, 04:50 PM
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Default Re: The market is down 8% ...

Since banks now pay such a low rate of interest, I recently put some money I had in the bank in a Merrill Lynch account. I really don't know what I'm doing. I hope I didn't make a BIG mistake.
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Old 01-09-2015, 08:27 AM
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Default Re: The market is down 8% ...

http://www.zerohedge.com/news/2015-0...appening-again

These guys are doom and gloomers, but I think it wise to look at what is being said. It's not good news for equities.

Commodities do well when the equity markets tank. Fortunately I produce commoditites on my farm, and may find insulation from the equities markets in my back yard....

Tempted to get on the side lines by selling out my stocks, and going short with SH once again. Last time I was wrong about doing that, and it had a cost. But if one is correct in predicting a fall in the market, SH will be a big winner... as it shorts the S&P 500 stock index at 2 to 1....

So I am a good bit nervous about the market...

Regards, Kirk
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Old 01-09-2015, 11:47 AM
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Default Re: The market is down 8% ...

Quote:
Originally Posted by 300 H and H View Post
http://www.zerohedge.com/news/2015-0...appening-again

These guys are doom and gloomers, but I think it wise to look at what is being said. It's not good news for equities.

Commodities do well when the equity markets tank. Fortunately I produce commoditites on my farm, and may find insulation from the equities markets in my back yard....

Tempted to get on the side lines by selling out my stocks, and going short with SH once again. Last time I was wrong about doing that, and it had a cost. But if one is correct in predicting a fall in the market, SH will be a big winner... as it shorts the S&P 500 stock index at 2 to 1....

So I am a good bit nervous about the market...

Regards, Kirk
And who can do that? I know I can't. I only bought a short fund once (SKT), back in 2012. I sold it a month later. It's now trading at a third of what I paid for it.

If you look at the charts of these short funds, they're on a steady decline, with spikes when there's a major economic event (like the '09 stock market plummet). So lots of risk, with very narrow opportunities for reward. Not my style of investing.

You said you tried SH before but lost. Why do it again? Why sell good companies for a small chance to make a big score? To me, that's gambling, not investing. But, if you've got the bank to play like that, more power to ya!
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Old 01-09-2015, 04:26 PM
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Default Re: The market is down 8% ...

Last time I just moved some funds to SH and my stocks made money while SH drifted lower. Probably do the same today, and keep the stocks and buy into some SH just in case...


Kinda like and insurace policy I think..

Regards, Kirk
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Old 08-23-2015, 06:30 PM
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Default Re: The market is down 8% ...

Not happy with Apple, still in the black but just barely, time for a stay in
'the house of pain"
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Old 08-23-2015, 09:11 PM
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Default Re: The market is down 8% ...

Based upon my sources and Ron Paul, the Rapture cometh. (giggle)

Sell your equities NOW and stock up on noodles, forty-five and toilet paper.
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Old 08-24-2015, 08:14 PM
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Default Re: The market is down 8% ...

Thanks to skf, my paper loss today was only 0.56%.
If something happened today and I had to liquidate the hedge would have saved me arse.
Also got lucky that all but one of my holdings did better than the market today as well. C got me.
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Old 08-24-2015, 08:28 PM
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Default Re: The market is down 8% ...

Quote:
Originally Posted by Kane View Post
Based upon my sources and Ron Paul, the Rapture cometh. (giggle)

Sell your equities NOW and stock up on noodles, forty-five and toilet paper.
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Old 08-24-2015, 09:08 PM
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Default Re: The market is down 8% ...

Talked to my stock broker today. He said that the market is reacting to what is going on over seas. The American economy is doing well.
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Old 08-25-2015, 12:22 PM
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Default Re: The market is down 8% ...

Never trust a stock broker.
Jus sayin'
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Old 08-25-2015, 12:28 PM
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Default Re: The market is down 8% ...

Quote:
Originally Posted by waybomb View Post
Never trust a stock broker.
Jus sayin'
No kidding. They're worse than lawyers.
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Old 08-25-2015, 01:00 PM
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Default Re: The market is down 8% ...

I used the wrong term. He is a financial adviser. So far I've done very well.
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Old 08-25-2015, 01:35 PM
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Default Re: The market is down 8% ...

Quote:
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I used the wrong term. He is a financial adviser. So far I've done very well.
Good for you.

Can I ask how they are paid?
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Old 08-25-2015, 07:07 PM
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Default Re: The market is down 8% ...

SKF played well for me again. It is only a paper position since I haven't sold anything, but, my portfolio was only down 0.04% at close.
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Old 08-25-2015, 08:13 PM
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Default Re: The market is down 8% ...

Quote:
Originally Posted by waybomb View Post
SKF played well for me again. It is only a paper position since I haven't sold anything, but, my portfolio was only down 0.04% at close.
That's great. SKF is trading at just over a third of what it was when I sold it. With those proceeds, I bought MCD and MO, which are up about 50% even after the bloodbath over the last week.

There are many ways to hedge.
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Old 08-26-2015, 12:56 PM
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Default Re: The market is down 8% ...

You sold SKF at the right time then. Good for you!

JPR - if something really bad happens, you are sunk. Say, like another in-continent major terrorism attack. Or if a too big to fail does. If SKF works the way it has, you'll lose about half and I'll gain 5200% or more, if the market drops in the 50% range. The last few days have shown me I made the right decision.

That's the value of a hedge - insurance.

What skf has done for me the last few days is allowed me to sleep. My position essentially stayed flat through this bump.

IF SKF went to 10 bucks, I would hurt a bit, but would not be ruined. In fact, I'd be ahead since obviously the market would be roaring for skf to go to 10 and my other investments would grow. So 217k gamble nets me some negative offset to the others but I am still close to even.

Likewise, if SKF went to 4000 bucks (as it did in 2009, twice), I would be way ahead then the losses experienced by the market turning so sour that SKF went to 4000. What's that 250k@76 worth? 13mm+.

Just my 2 cents.

Play 'em as you see 'em.

I just do not believe the market is realistic. A real number is less than 15,000. Maybe way less; who knows how much crap has again penetrated the financial markets. I am banking on the downswing, and actually hedging that thought with my other investments.

And to be clear - make your own mind up about investments. I am not an adviser nor a pro, just a dumb luck jerk who has no right nor ability to recommend anything to anybody.
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  #20  
Old 08-26-2015, 02:10 PM
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Default Re: The market is down 8% ...

Quote:
Originally Posted by waybomb View Post
I just do not believe the market is realistic. A real number is less than 15,000. Maybe way less; who knows how much crap has again penetrated the financial markets.
When Ben Bernanke started monetizing our debt at the rate of $85B/month for six years (something he said he would never do) the equities markets are full of funny money. Trillions.

What are the banksters supposed to do when handed billions and billions of phony USD's at zero percent interest?? Duh.

BTW, when Clinton was prez, 55% of the wealth gains were going to the top 1%. When Bush was prez, 65% went to the top. With Hussein as prez, 85% is going to the top. WTF? Free money. Gamble in the phony equities markets. You'll get bailed out. Again.

BTW, China is no longer buying USA bonds. So who keeps buying them? Why, the USA of course. What could possibly go wrong?
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