Originally Posted by lewdog:
People here were losing their shit on 2-3% drops, which is really nothing and many times is consolidation on sideways movement.
10% drop has significance and the downward trend is official IMO around this marker.
Yeah I'm thinking there will be green days like yesterday but followed by more deeper red. Like one step up, two steps down, for a while.
When there's that much upside in the bull people are taking profits, it's just what happens. Especially with s much uncertainty still around what type of recovery there will be, how long, etc. If millions of people are on limited or no income, it's not like everyone;s gonna be ready to hop on planes and spend money. [Reply]
Originally Posted by Stewie:
Boy. Powell didn't do the markets any favors with his words today or for the near future.
I'm sure Biden's stimulus blockage didn't help either. If/when we finally get another one the market should perk back up nicely at least for a few days. [Reply]
I dumped Deere this afternoon. Lew was right. I should have put a trailing stop in. I wanted to sell Monday but though hell it’s on a run counter to the market. LET IT ROLL. That was the top.
I really want to tie out their EOP deadlines are to their earnings reports. I have a pretty good handle on the ag market. Turf is pretty flat. Construction is typically pretty stable. I know fuckall about forestry, but I think I can capitalize on the flex in the ag sector. [Reply]
Sad times out here. I’m loading up on Rolls Royce with liquid funds right now. Don’t think it’ll go any lower but will likely rebound heavily in the coming months. [Reply]
After sleeping on it I'm considering trimming about 10 stonks, locking in losses for tax purposes and rolling into recovery stocks like AAL,CCL. Bottom line is ,whatever your portfolio is worth right now is what its worth so why not make a pivot ,grab a tax break at the same time. Might add some AMC also as even if the squeeze doesn't happen it should still double this year from where its at. [Reply]
Originally Posted by Hog's Gone Fishin:
After sleeping on it I'm considering trimming about 10 stonks, locking in losses for tax purposes and rolling into recovery stocks like AAL,CCL. Bottom line is ,whatever your portfolio is worth right now is what its worth so why not make a pivot ,grab a tax break at the same time. Might add some AMC also as even if the squeeze doesn't happen it should still double this year from where its at.
