U.S. Politics

[Miamipuck]

I’d like to think economically minded people had the foresight to sell stock in an impending stock market crash

Sure but the notion that people up and sell entire portfolios to move to cash is pure and utter bullshit. I was in the institutional end for a long time. Only a few, very few funds, are even allowed to move to cash like that. So a small percentage sale is normal but an entire portfolio, nfw.

Most of this selling is the unwinding of leveraged positions and trades going south. Most trades and huge positions are linked and when one part of the trade goes bad they have to unwind everything. That's why the selloffs are massive or the resulting bounce is just as massive.

My guess is it will get worse before better. It will turn around when companies report light at the end of the tunnel. The turnaround will be more massive than the drop off and I plan on trading advantage of it.

[SixFeetDeep]

A wealthy Georgia senator is reportedly the second member of Congress to have dumped massive shares of stocks following a private, chamber-wide meeting on the new coronavirus.

Sen. Kelly Loeffler (R-GA), whose husband is the chairman and CEO of the New York Stock Exchange, began selling off more than a million dollars in stocks on the same day as the closed-door Senate meeting on Friday, Jan. 24, reports The Daily Beast.

Over the next three weeks, through Feb. 14, Loeffler made 27 sales worth between $1,275,000 and $3,100,000, before the market nosedived and her holdings’ values tanked.

[Pope]

Sure but the notion that people up and sell entire portfolios to move to cash is pure and utter bullshit. I was in the institutional end for a long time. Only a few, very few funds, are even allowed to move to cash like that. So a small percentage sale is normal but an entire portfolio, nfw.

Most of this selling is the unwinding of leveraged positions and trades going south. Most trades and huge positions are linked and when one part of the trade goes bad they have to unwind everything. That's why the selloffs are massive or the resulting bounce is just as massive.

My guess is it will get worse before better. It will turn around when companies report light at the end of the tunnel. The turnaround will be more massive than the drop off and I plan on trading advantage of it.

Agreed. I’m ready to go all in early april

[dcm1602]

That's what Badger had jsut posted.

They're worth over 500 million dollars, and her husband's head of the NYSE.

Selling less than 1% of their net worth worth of stock over the course of one month isn't particularly suspicious

[dcm1602]

Agreed. I’m ready to go all in early april

It's definitely nerve-wracking figuring out where the bottom is.

I'm far more concerned about missing the golden window, than losing anything

[Miamipuck]

It's definitely nerve-wracking figuring out where the bottom is.

I'm far more concerned about missing the golden window, than losing anything

The biggest misconception is picking tops and bottoms. The best investors ever never do and can't. They know when stuff is cheap and when it's expensive and act accordingly. This notion that you can pick the top or bottom is freaking dumb.

 

[dcm1602]

This would be absolutely catastrophic if true. And set the tone for some seriously dark excrement ahead

Coronavirus: California estimates 25.5 million residents — 56% of the state — will get virus in next 8 weeks

[dcm1602]

The biggest misconception is picking tops and bottoms. The best investors ever never do and can't. They know when stuff is cheap and when it's expensive and act accordingly. This notion that you can pick the top or bottom is freaking dumb.

 

Well I'm certainly not expecting to time the market

Rather utilizing a sensible approach with DCA buying as it drops. What I was talking about it having the market rapidly recover over a day or two. And basically start cranking towards DOW 100k

[Miamipuck]

Well I'm certainly not expecting to time the market

Rather utilizing a sensible approach with DCA buying as it drops. What I was talking about it having the market rapidly recover over a day or two. And basically start cranking towards DOW 100k

You miss a day you miss a day but what I quoted is pretty sensible and exactly what you should be doing.

[dcm1602]

You miss a day you miss a day but what I quoted is pretty sensible and exactly what you should be doing.

True but this is extreme volatility.

I mean I put a chunk of change in at dow 25,000 and in under a month it was at 18,000  compounded over 30 years that could make several hundred thousand dollars of a difference in returns

[bojanglesman]

..

[SixFeetDeep]

Fire her into the sun

[bojanglesman]

Fire her into the sun

If her statement is true, I don't think she did anything wrong.  There's probably plenty of other reasons to fire her into the sun though (after the hate f***, of course)

[dcm1602]

Odd that Diane Feinstein isn't mentioned in here, yet her and husband sold the most stock of all right before this 🤔

[bojanglesman]

Odd that Diane Feinstein isn't mentioned in here, yet her and husband sold the most stock of all right before this

Her $ was in a blind trust. She had zero control over what was bought and sold