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I just checked futures & they appear to be down more than I would expect. Although it's the day after triple witching (?) & this maybe playing into the drop. I'm holding for the near future. Trying to stay Kool, Derf
Evergrande, Chinese property development co likely having a Lehman moment...alledegedly shady business practices...contagion? Germany exports a great deal to China...what happens to Europe? Tax increases on the horizon...supply chain disruptions up the ying yang...transiory inflation...sure, will you swallow what they are feeding you? Have you bought groceries lately? Drive by a Honda dealer, there are like 5 cars on the lot for sale. Will Powell be forced to raise rates...taper....nah that won't happen...will it?
What's your hurry to jump in at a couple points discount?
Wait till the reall kaka show starts...
Of course I am certain I do NOT know what will happen.
Good Luck, Good Health and Good Investing to all!
Get your popcorn ready and enjoy the show
I think the next few weeks will be very interesting -- much of the drama will be coming out of DC and i suspect the markets will 'look' for a reason to pull back ... debt ceiling, BIF, reconciliation, gridlock, pandemic, Fed taper timeline, etc, etc. So I'm watching and nibbling as necessary.
A non-equity interest today: what will high yield rates and structured credit look like at the end of the day? I have a lot of the latter and also think the response in those markets will hint at how broad and deep this equity selloff will go. (HYG is down 0.4% so far.)
SOXL (ship shortage expect for ~ 24 more months)
Barron’s had a great article over the weekend on 5 mining companies they think represent good value longer term. All have been recently damaged by China’s slowdown which has resulted in a lessening in the demand for steel. Take your pick. All 5 have low PEs, little or no debt, good management. NGLOY was my pick. It fell 8% Friday and 7% more early today before I bought a small slice for my “real assets” sleeve.
As I noted in May, commodities / resource stocks had been bid up too high on overreaction to inflation fears. While some areas of the commodities / resources complex remain high (ie energy, real estate), I think (per the Barron’s piece) that there is value now in some parts of that broader complex - for longer term, patient investors.
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Google SHIBA-USD for more info if you want.
Extremely busy today w work
Shib-usd extremely volatile. Can gain 30% one day but loose 40% next day
Just 0.5% portfolio play monies
Feel going vegas sometimes
That's what Monday's action looked like to me so I added to AAPL, AMZN and MSFT just prior to the close.
Ah, at least one other person saw it the same way and offered an interesting metric...
And OBTW, Monday's drop was not a stand alone event. It came on the heels of a coupla DOWN weeks and was highlighted by the S&P blowing through its 50-day MA. So yeah, of course as a LT investor I added on Monday.
will buy back in later
I'll keep an eye on as two fairly new managers since 2020.
Sold some HEGD and MWFSX.
“You get off a roller coaster the same place you get on, which pretty well describes the week just past. After a nearly 2% plunge Monday, the major U.S. stock indexes ended the week at or a bit above where they had landed the previous Friday. All of which attests to the persistence of the BTFD (for “buy the dip”—you fill in the missing modifier) sentiment …”
Barron’s September 27, 2021
No need to look for a phenomenon.
The list is pretty endless, and somewhat obvious.
Thinking out loud in no particular order...
1. Liquidity - a FED juiced market
2. Most bonds ain't worth the risk
3. Endless supply of new money - trillions of dollars on the sidelines
4. Inflation - while others worried/worry about it, we reallocated higher %'s to stocks starting late 2020 (We weren't/aren't alone in that strategy
5. Duh, the US stock markets have historically been/are still the best investments on the planet
6. Oh those millenials https://www.yahoo.com/finance/news/hard-bearish-stock-market-risk-121500864.html
7. Add any of a number of other reasons