Thread: rangerray's Account Talk

What a close today!

Looks like West Texas Intermediate is having a good morning.

Isn't it comforting to know how easily prices can be manipulated?

"As I stated, CEO’s make decisions on how they use their cash. With the economy shut down, layoffs in the millions, and no clear visibility about the economic recovery post-pandemic, companies are going to become vastly more conservative on the use of their cash.
Given that source of market liquidity is now gone [stock buybacks], the market will have a much tougher time maintaining current levels, much less going higher."

https://realinvestmentadvice.com/aaa...-asset-prices/

I feel like the S&P is going to fade into the close, like it did yesterday, but that's just a hunch.

And, you couldn't trade my hunch for lunch.

Taking a chance. I'll be 100% S Fund tomorrow. Going against all wisdom

Missed the noon cutoff so I guess I'll wait until another down day. Wanted to move a very small pct into C/S. I guess the talking heads are now saying not going to re-test the lows so things won't go too far down if there are more dips. Just hope it doesn't take off and miss too much. FOMO whispering to me again.....

Originally Posted by LTJPFED

I guess the talking heads are now saying not going to re-test the lows...

Beware of them, because they are nothing but market manipulators. They are only saying that in order to influence Mr. Market into not re-testing the low. It's all wishful thinking on their part.

Originally Posted by LTJPFED

Missed the noon cutoff so I guess I'll wait until another down day. Wanted to move a very small pct into C/S. I guess the talking heads are now saying not going to re-test the lows so things won't go too far down if there are more dips. Just hope it doesn't take off and miss too much. FOMO whispering to me again.....

No, I still believe the lows will be tested. I'm just trying a different theory at the moment. Don't do what I'm doing. Unless it pays off, then, still don't do what I do. I'm a nearly complete idiot at times. I'm gambling. I doing this and simply keeping my fingers crossed. The only thing I can promise is that I won't cry later because everybody told me so.

Are we waiting on the bump to come from the President's plan to reopen the country?