Page 629 of 703 FirstFirst ... 129529579619627628629630631639679 ... LastLast
Results 7,537 to 7,548 of 8435

Thread: coolhand's Account Talk

  1. #7537

    Join Date
    Mar 2006
    Location
    Raleigh, NC
    Posts
    3,416

    Default Re: coolhand's Account Talk

    With bonds, gold, and silver all dumping at the same time as equities I think this means a cash run.

    Thus, deflation as the dollar gets stronger. That is probably why the Fed is throwing money into the system. They don't want a strong dollar. They want their dollar - whatever that is.

    And, don't forget - the price of oil just dumped as Saudi Arabia and Russia started playing games to regain market share. That also makes the dollar stronger.

    The Fed is always worried about inflation, but we have been on the edge of deflation since 2007. Deflation is a very bad thing.

    Don't do debt, get out of debt. Go Full Dave Ramsey!!!
    Lookin' up at the 'G Fund'!!!

  2.  
  3. #7538

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: coolhand's Account Talk

    Quote Originally Posted by MaStA View Post
    Heck my wife and I were looking at houses since we are about to PCS and mortgage rates just went up almost 1% it seems overnight or over the last couple of days. We have never purchased a house, but I think that may have been enough to scare me off considering the mortgage was already going to be more than my BAH in the area.
    VA Loan, I used mine 3 times and if needed 1 more is available.



  4.  
  5. #7539

    Join Date
    Feb 2008
    Location
    Smithfield, VA
    Posts
    934

    Default Re: coolhand's Account Talk

    Quote Originally Posted by nnuut View Post
    VA Loan, I used mine 3 times and if needed 1 more is available.
    That's what we were going to do and literally a day or two ago you could get a 30 year VA loan for 3% and now it is 3.75%. There are reasons I found on Google for it such as lenders being overwhelmed driving the rates significantly higher. https://www.inquirer.com/health/coro...-20200312.html

  6.  
  7. #7540

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,793
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    The bears had their way with the market again today. A massive liquidity injection delivered a brief respite, but then the selling kicked in again.

    S&P 500.png
    DWCPF.png

    Ugly just got uglier. Momentum is almost vertical to the downside.

    NYAD.png

    Breadth remains quite ugly too (of course).

    NAAIM got more bearish. They were pretty predictive of the upside for a long time. The reading this week suggests more selling for the next week (not necessarily each day).

    I remain bearish.

  8.  
  9. #7541

    Join Date
    Dec 2009
    Location
    On a Florida beach
    Posts
    1,454

    Default Re: coolhand's Account Talk

    Quote Originally Posted by MaStA View Post
    That's what we were going to do and literally a day or two ago you could get a 30 year VA loan for 3% and now it is 3.75%. There are reasons I found on Google for it such as lenders being overwhelmed driving the rates significantly higher. https://www.inquirer.com/health/coro...-20200312.html
    Wow, I feel even luckier after reading these posts since my wife and I locked in our refi rate with our VA loan at Navy Federal at 2.875% (with zero points) a few days ago.
    They're definitely overwhelmed since we haven't heard a peep from them since then, but I've get that locked in rate in writing.
    I think there will be another opportunity in the future though as rates gravitate toward zero, maybe around June this year.

  10.  
  11. #7542

    Join Date
    Sep 2006
    Location
    Upstate NY
    Posts
    3,874
    Blog Entries
    46

    Default Re: coolhand's Account Talk

    Why not strive to be debt free instead of playing musical chairs with a mortgage the rest of your life? Reminds me of July 2007 when Chuck Prince, CEO of Citigroup said, "When the music stops, in terms of liquidity, things will be complicated. But as long as the music is playing, you’ve got to get up and dance.” He was a professional with access to the best information available and we know how that turned out.

    I wonder how many people use HELOC's to pay for the lifetime lease on their SUV?

    It's an unsustainable system.


  12.  
  13. #7543

    Join Date
    Mar 2012
    Location
    Hampton Roads, VA
    Posts
    3,729

    Default Re: coolhand's Account Talk

    I'm debt free save for the mortgage, which I'm paying extra on to close it out early.
    50% S, 50% C 06 Mar, was 100% G; 80% S 20% C COB 08 Jan '24; 100% G COB 14 Nov; was 100% C COB 31 Oct (Boo!); was 100% G COB 12 Oct; was 50% C, 50% S COB 22 Jun; Life is good!

  14.  
  15. #7544

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,793
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    Quote Originally Posted by coolhand View Post
    Today's sell-off feels like a switch may have been pulled. There are certainly reasons for the market to nose dive, but NAAIM did not forecast that last week. Not only were they pretty bulled up, but there wasn't any real shorting among them (of significance). It is too soon to say how this plays out, but I would not get too comfortable with the bullish case. I think we should always be ready in case "it's different this time". The Virus is wreaking havoc in many ways. It may be the catalyst that drives the market lower (when they are ready). And it's possible they are ready. I'm not bearish yet, but I'm not complacent either.
    In my post dated 2/24, I said that "Today's sell-off fees like a switch may have been pulled".

    It was. It was the beginning of serious downside pressure culminating into a bear market.

    Friday's rally was pretty impressive. It also feels like a switch may have been pulled, but I am not as comfortable with that feeling as I was the first time.

    S&P 500.png
    DWCPF.png

    The rally, impressive as it was, did not completely erase the previous day's losses. With volatility at a high level, the market could just as easily reverse once more. It's just too early to embrace the long side in my opinion, and I know how it feels to be wrong and watch price continue to rise while remaining on the sidelines.

    The latest reading from NAAIM is heavily beared up. The CBOE is also beared up. I don't like betting against smart money (NAAIM), but it's only a weekly sentiment reading and things could change between readings.

    NYAD.png

    Breadth bounced again, but the trend is still down according to the chart.

    This is a tough market right now. It's a guessing game what happens day to day with everything that is going on. The indicators are still bearish and that is what my personal sentiment is tied to. Let's see how Monday goes after Friday's moon shot.

  16.  
  17. #7545

    Join Date
    Jun 2004
    Location
    Boiled Peanut, Georgia, USA
    Posts
    76,383

    Default Re: coolhand's Account Talk

    With the FED lowering the the interest rate to 0.25% I think we may have another UP day TOMORROW. So far the futures are down.

    Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

    https://www.businessinsider.com/fed-...economy-2020-3



  18.  
  19. #7546

    Join Date
    Oct 2004
    Location
    Orlando, FL
    Posts
    6,793
    Blog Entries
    1229

    Default Re: coolhand's Account Talk

    Quote Originally Posted by nnuut View Post
    With the FED lowering the the interest rate to 0.25% I think we may have another UP day TOMORROW. So far the futures are down.

    Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

    https://www.businessinsider.com/fed-...economy-2020-3
    We'll see, but there is a lot more churn coming. Things are only going to get more interesting as we move forward.

  20.  
  21. #7547

    Join Date
    Jun 2004
    Location
    In Your Imagination...
    Posts
    4,385

    Default Re: coolhand's Account Talk

    Every day lately has been a crap shoot. But ya never know. I've learned not to get excited until the last 1/2 hour of trading, especially the last 5 minutes.

    Quote Originally Posted by nnuut View Post
    With the FED lowering the the interest rate to 0.25% I think we may have another UP day TOMORROW. So far the futures are down.

    Fed slashes main interest rate to near zero in historic move designed to cushion economic blow of coronavirus pandemic

    https://www.businessinsider.com/fed-...economy-2020-3
    "Treat your wife with honor, respect, and understanding as you live together so that you can pray effectively as husband and wife." 1 Peter 3:7

  22.  
  23. #7548

    Join Date
    Oct 2007
    Location
    Breaking Bad's Background
    Posts
    15

    Default Re: coolhand's Account Talk

    FED: "I know what you're thinking: 'Did he fire six shots or only five?'"

    Market: "That was six, that was definitely your last bullet."

    FED: "Well, to tell you the truth, in all this excitement, I've kinda lost track myself. But being this is a FED rate cut, the most powerful weapon in the world, and would blow your chart clean up..."

    Market: "Well, it might, you know, under normal circumstances and all- but what good is free fiat currency when everyone's hunkered down streaming Netflix with a surplus of toilet paper and bottled water? And that was your last bullet, dude."

    FED: "...you've got to ask yourself one question: 'Do I feel lucky?' Well, do you, punk?"

    Market: "Yeah, not so much. Would you please back off, you know, social distance and all...but that was your last bullet, definitely your last bullet, so I think we're both screwed for awhile."

  24.  
Page 629 of 703 FirstFirst ... 129529579619627628629630631639679 ... LastLast

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
S&P500 (C Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
DWCPF (S Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
EFA (I Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)
BND (F Fund) (delayed)
coolhand's Account Talk
(Stockcharts.com Real-time)

Yahoo Finance Realtime TSP Fund Tracking Index Quotes