Thread: bmneveu's Account Talk

Don't do it. Wait for the upswing. Too dangerous here.

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It is tempting! I always have to remind myself we were at these same levels only 4 1/2 months ago. 2019 was an abnormally good year with gains of over 30% so I think a correction is warranted.

I think we will be in the cycle for a while. The supply chain is going to be severely disrupted. So many things to watch with yield curve inversions and the possibility of the US joining Europe with negative interest rates!

Originally Posted by bmneveu

Futures down another 1.5% so far. I’m trying to be patient, but these fund prices are getting so cheap. How do I not just put a little in?


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Depends upon your age, risk tolerance, etc. Nothing wrong with putting "a little" in. Even if we get a few days in a row of relief rallies, it'll pull back again as a result of these fluid COVID-19 headlines. No risk, no reward. But do understand, as you lock in these bargain share prices, you may very well ride them down even further because no one can call a bottom in this environment. But, at least you would have bought in cheap... although they may go even cheaper.

The VIX is up to 48, a number we haven't seen since the September/October 2011 selloff. It got into the 60 range during the 2008 financial crisis.

The bulls are showing some signs of life... but can they do it in the afternoon when it really counts? We haven't seen that yet this week.

Originally Posted by bmneveu

The bulls are showing some signs of life... but can they do it in the afternoon when it really counts? We haven't seen that yet this week.

The Bulls are trying and if we can keep losses below 1% that would be a victory, just don't see it happening. 2 1/2 hours to the closing bell and we are close to a negative 2%. I just hope we don't have a panic sell off late. Everyone turn off the news.

Looks like a good chunk of the top 25 accounts on the AT moved into stocks. They were largely in the F fund earlier in the week. Take that for what it's worth. I'm trying to stay out until COVID-19 is under control. Hopefully that is not much longer!

Originally Posted by bmneveu

Looks like a good chunk of the top 25 accounts on the AT moved into stocks. They were largely in the F fund earlier in the week. Take that for what it's worth. I'm trying to stay out until COVID-19 is under control. Hopefully that is not much longer!

I made the same observation. Hopefully it's a good sign.

Bulls in the morning
Bears in the evening
Crying at super time

Q: How high does a dead cat bounce?

A: Depends on how high it fell from.

Market up early again. Will it last, or will the bears feast, again...