S&P should crash to 1900 or so within the next month - Page 7 - Business, Finances and Investing Forum

Monday or Tuesday is probably going to be a good time to get long. Doesn't mean there isn't more downside or no risk, but it is a great long setup right now.

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12-23-2018 , 07:33 AM

#152

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

Quote:

Originally Posted by turtletom

but it is a great long setup right now.

Loads of indexes and individual stocks at or very close to mid and longer-term support levels.
tqqq or sqqq could be interesting

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12-23-2018 , 04:44 PM

#153

WorldBoFree

old hand

Join Date: Dec 2009 Posts: 1,599

Quote:

Originally Posted by turtletom

Monday or Tuesday is probably going to be a good time to get long. Doesn't mean there isn't more downside or no risk, but it is a great long setup right now.

Isn't Tuesday xmas?

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12-23-2018 , 07:38 PM

#154

WorldBoFree

old hand

Join Date: Dec 2009 Posts: 1,599

Cool!

Was anyone even worried about the banks having liquidity?!?

Last edited by WorldBoFree; 12-23-2018 at 07:46 PM.

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12-23-2018 , 07:58 PM

#155

calmasahinducow

old hand

Join Date: Jan 2005 Posts: 1,807

Mnuchin and Trump are rightfully getting railed for this but it would be hilarious if this turns out to be the bottom.

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12-23-2018 , 09:21 PM

#156

rafiki

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Join Date: Jan 2006 Posts: 40,118

Quote:

Originally Posted by calmasahinducow

Mnuchin and Trump are rightfully getting railed for this but it would be hilarious if this turns out to be the bottom.

Very well could be. But I think it will be a choppy market after regardless. Not some straight forward resumption of bull.

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12-23-2018 , 11:02 PM

#157

WichitaDM

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Join Date: Oct 2004 Posts: 14,761

Trump and his band of idiots strike again. Tooth is probably too busy slaying mad ass out of his penthouse overlooking glaciers and volcanos to even notice this event.

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12-23-2018 , 11:24 PM

#158

ToothSayer

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Join Date: Jul 2015 Posts: 13,237

The "plunge" is just an orderly move to bonds so far as rates have gone up. You could actually predict SPY fairly well by just watching bond moves for an extended period. Nothing remarkable at all so far. The large cap tech was insanely overvalue (still is) and was correcting. Again, stock standard.

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12-24-2018 , 10:32 AM

#159

CandyKreep

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Join Date: Apr 2008 Posts: 6,402

Quote:

Originally Posted by Shuffle

Bloomberg reports that Trump has discussed firing Powell several times in the past couple days. Advisors have warned him not to do it.

https://www.latimes.com/politics/la-...221-story.html

-20% this week very possible. Nasdaq could briefly drop below 5k.

I didn’t think he had that authority.

Plus, I think even Trump isn’t stupid enough to not understand that it would be cutting off your nose to spite your face. If he’s still trying to hitch his wagon to the market’s performance that would be an insanely dumb move.

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12-24-2018 , 12:36 PM

#160

turtletom

old hand

Join Date: Aug 2015 Posts: 1,749

Order for half an ES position just weny through. Whereever and whenever we make a low I would expe t a restest. Will put on other half on retest if we get one next couple weeks. GL,Merry Christmas.

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12-24-2018 , 12:50 PM

#161

Morishita System

old hand

Join Date: Jan 2011 Posts: 1,391

I like OP's odds. 90% we bounce this week, 10% we have a 1987/1929 moment to 1900 and beyond.

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12-24-2018 , 01:29 PM

#162

fakekidpoker

old hand

Join Date: Jul 2011 Posts: 1,256

What's goin on in this thread lol

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12-24-2018 , 02:48 PM

#163

synth_floyd

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ARE YOU NOT ENTERTAINED? ARE YOU NOT ENTERTAINED?

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12-24-2018 , 03:04 PM

#164

fakekidpoker

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Join Date: Jul 2011 Posts: 1,256

Precious metals up again

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12-24-2018 , 03:52 PM

#165

Onlydo2days

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So the fed is done raising and will likely go back to cutting?

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12-24-2018 , 04:22 PM

#166

A_C_Slater

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Join Date: Oct 2004 Posts: 8,343

Quote:

Originally Posted by turtletom

YOU HEARD IT HEAR FIRST PEOPLE! WE GOT PAWL TUDOO JOWNES IN HERE!!!

Yeah we did, until a mod went and banned him. I bet he wonders why he's still poor.

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12-24-2018 , 07:01 PM

#167

adios

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Join Date: Sep 2002 Posts: 22,530

Quote:

Originally Posted by Onlydo2days

So the fed is done raising and will likely go back to cutting?

Negative. With UE at 3.7%, avg hourly wages increasing by 3.1% for 2018, with the boomers getting SS that is indexed to inflation basically the Fed is going to keep inflationary pressures in check. Fed has a very difficult task in keeping inflation in check while keeping the economy moving in a postive direction. There is no doubt the federal govt revenues rise and fall with the economic growth. Fed govt in the hole for mega $, running a huge deficit with a growing economy, and the boomers now getting SS and Medicare.

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12-25-2018 , 12:07 AM

#168

Jupiter0

veteran

Join Date: Sep 2009 Posts: 2,470

Quote:

Originally Posted by Onlydo2days

So the fed is done raising and will likely go back to cutting?

Bernanke waited until GDP took a big dive to cut. We always know after the fact exactly when the recession begins. I imagine Greenspan did the same thing. If they start cutting it's a clear signal a recession is here.

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12-26-2018 , 12:35 AM

#169

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,478

free ack shawn

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12-26-2018 , 12:45 AM

#170

piepounder

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Join Date: Sep 2012 Posts: 1,557

there were probably reasons beyond this thread

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12-27-2018 , 10:12 AM

#171

coordi

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Join Date: May 2007 Posts: 22,831

My 401k has an automatic rebalance after changing future contributions so I got double ****ed by the rally yesterday. Nice little learning experience on that one lol.

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12-27-2018 , 05:41 PM

#172

chytry

Pooh-Bah

Join Date: Feb 2010 Posts: 4,334

largest worry

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12-28-2018 , 12:48 PM

#173

Dream Crusher

banned

Join Date: Mar 2016 Posts: 18,786

Pretty amazing call by OP despite even if a bit overzealous. Sorry to hear he's been banned.

I guess these last 2 days of the year are supposed to go up due to end of the year buying by pension funds. Seems like January might be when the real excitement takes place, or at least might provide some clarity as to where this market is really going.