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Toker Villain
Big Wall climber
Toquerville, Utah
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Dec 20, 2018 - 11:30am PT
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Another bad day. This might not be the bottom.I don't see how oil can stay this low, but its bound to go back up.
Don't have much gold, but I do have some silver bullion.
S&P off 5% for the year, but I'm only down 3%, and still enjoying good dividend income.
I'm taking some losses to offset my capital gains.
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Trashman
Trad climber
SLC
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Dec 20, 2018 - 11:40am PT
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Was hoping to see DOW 22k, and here we are. Now I’m wondering if we can get to 21k.
Either way, as part of that “young” group I think it’s time to do some Christmas shopping!
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D'Wolf
climber
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Dec 20, 2018 - 07:59pm PT
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Don't be surprised if it drops below 19,000...
Or the S&P 500 below 2200...
60% of the S&P 500 stocks are already in a bear market...
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Kalimon
Social climber
Ridgway, CO
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Dec 20, 2018 - 08:08pm PT
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It looks like Pootie's plan is going as scheduled . . . the Donald is systematically wrecking the joint under the guise of making America great again!
How clever those Russians can be at times but they always seem to f*#k it up in the end.
Trump's reign will not end well.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Dec 20, 2018 - 08:47pm PT
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Every cloud has a silver lining!
President Trump hasn't been bragging about how gud he has been for the stock market of late.
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Trashman
Trad climber
SLC
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Dec 21, 2018 - 07:52am PT
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What cloud? I’d call this an unmitigated good, shits not gonna get better until rich people start feeling the pinch. I’d say 19k would be a good start.
A sustained inversion of the yield curve would be even better, smash that safe harbor so they’re forced to confront the effects of the sugar high they’ve been enjoying.
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Roger Brown
climber
Oceano, California
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Dec 21, 2018 - 12:13pm PT
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We just did our first investment in treasuries. We went for Monday's 26 week auction. The plan is to do this monthly. This appears to be the best move for us right now. Time will tell.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Dec 24, 2018 - 09:41am PT
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Sheesh! What a mess.
Well, I already offset my gains, I'll be styling' into the new year.
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i'm gumby dammit
Sport climber
da ow
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Dec 24, 2018 - 09:48am PT
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Was hoping to see DOW 22k, and here we are. Now I’m wondering if we can get to 21k. Yes We Can!
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Roger Brown
climber
Oceano, California
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Dec 24, 2018 - 10:03am PT
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Todays auction gave us 2.51 APR. Investing in America just feels better than investing in Bank of America. Pay back is way better too.
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i'm gumby dammit
Sport climber
da ow
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Dec 24, 2018 - 11:44am PT
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it seems there is a very real possibility the markets will finish Trump's first two years in the negative and it's entirely possible it will be mostly his doing.
It would be interesting at this point to see how the global markets would deal with indictments and impeachment proceedings.
I wonder when it will gain the name Trump Bubble?
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Roger Brown
climber
Oceano, California
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Dec 24, 2018 - 03:48pm PT
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Here's an interesting fact; Dow on election day 2008 9,319.
Dow on election day 2016 18,332.
Still a lot of air in the Bubble?
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Reilly
Mountain climber
The Other Monrovia- CA
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Dec 24, 2018 - 04:04pm PT
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Still a lot of air in the Bubble?
Actually, as I noted upthread, prices are quite reasonable now if you look at P/E ratios.
Definitely some buying opportunities.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Dec 24, 2018 - 04:50pm PT
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First thing Wednesday before the Santa rally.
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Lorenzo
Trad climber
Portland Oregon
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Dec 24, 2018 - 06:51pm PT
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Sorry.
no Santa.
Border security doesn’t have the funding to let Northerners in.
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Reilly
Mountain climber
The Other Monrovia- CA
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Dec 26, 2018 - 11:39am PT
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I told y’all to buy.
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Toker Villain
Big Wall climber
Toquerville, Utah
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Dec 26, 2018 - 12:52pm PT
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Grabbed a few bargains first thing, but Monday may not have been a bottom. People are still selling to offset tax liabilities before the new year.
Roller coasters can be fun, but eventually you want to stop before you toss your cookies.
Will we see a thousand on the DOW?
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Toker Villain
Big Wall climber
Toquerville, Utah
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Dec 26, 2018 - 12:56pm PT
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Ding Ding Ding
1020!!!!
edit, few minutes later
1085!
not the biggest daily percentage gain, but the first time to break a thousand.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Dec 27, 2018 - 08:16pm PT
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May we live in interesting stock market times.
Today, the Santa Claus rally collided with the "Trump Effect sell-off" & Santa won.
What will the future bring?
No clues here.
I'm not selling & I'm not buying.
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Lorenzo
Trad climber
Portland Oregon
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Dec 27, 2018 - 08:21pm PT
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T-bills and gold, baby.
Get a bit offshore.
You can write off the trips to manage your money.
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