Stock Market Watch, President-Elect Trump

[Tony T]

Originally Posted by verticaldoug

Tony

You understand the guys that write that crap just try to earn their keep my being entertaining? There is no informational value.

Knowing that there was a big drop in oil today is informational.
And yes, a lot of what these guys write is crap.

[verticaldoug]

Originally Posted by Tony T

Knowing that there was a big drop in oil today is informational.
And yes, a lot of what these guys write is crap.

the drop is the 'what', but you need to know the 'why'

[Jeff N.]

Seems like forever since there was a positive day on Wall Street.

[saab2000]

Originally Posted by Jeff N.

Seems like forever since there was a positive day on Wall Street.

There have been good days, just not so many good weeks in the past 6 months or so. Traditionally these things have dips and peaks.

Thankfully, I've been crazy, crazy busy of late so I haven't seen the carnage. I'm just continuing to plug away at the contributions and only look on good days.

But yeah, I'm down tens of thousands of dollars in total value since my high sometime in mid-2015. But I have a lot more shares. So when it comes up it will come up much further. I just hope it does indeed come back up!

[Tony T]

Originally Posted by verticaldoug

the drop is the 'what', but you need to know the 'why'

The 'why' (oil is tanking) is reduced demand without an appropriate decrease in production.

[Tony T]

NIKKEI was down 900 points last night, down another 400 tonight.
China closed this week for New Years. Will be interesting when they open next week.

[Tony T]

Another failed rally. When even Yellen can no longer pump the market, all hope is lost

[verticaldoug]

Originally Posted by Tony T

Another failed rally. When even Yellen can no longer pump the market, all hope is lost

Your comment is essentially this:

I'm a smoker, I know it kills me, but as long as I get cigarettes, I'm happy.


The doom-loop quote courtesy of the Telegraph.

[Tony T]

And what happens when the smoker has his cigarettes taken away?
DOW ⬇ 100 (was ⬆ 180), S&P flat (was ⬆ 30) NAZ ⬆ 15 (was ⬆ 60)

[Jeff N.]

Originally Posted by Tony T

And what happens when the smoker has his cigarettes taken away?
DOW ⬇ 100 (was ⬆ 180), S&P flat (was ⬆ 30) NAZ ⬆ 15 (was ⬆ 60)

Un- frickin-believable.

[Llewellyn]

In the midst of all this doom and gloom, the people who are buying the shares that others are selling must see some potential upside. Otherwise they wouldn't buy.

[likebikes]

Originally Posted by verticaldoug

guys that write that crap try be entertaining? There is no informational value.'

you just described this entire thread imo.

[CNY rider]

Quoted from an outstanding market technician with decades of experience:

"The "squiggles" continue to deteriorate without any signs of a sustainable bottom (one that would accommodate more than a three day bounce). There seems to be a reluctance to face the realities of a bear market, simply because the vast majority of the "players" (including the robots) have never experienced one, nor bothered to learn from the experience of others who have. That's what makes the current one so interesting. If one were to believe in "symmetry", the purge of "excessive-leverage-going-up" will be met with "excessive-unwind-on-the-way-down". The genius who described markets as riding the escalator "up" but the elevator "down" really nailed it."

[Tony T]

Originally Posted by Llewellyn

In the midst of all this doom and gloom, the people who are buying the shares that others are selling must see some potential upside. Otherwise they wouldn't buy.

Unless they're covering shorts.

[Tony T]

Originally Posted by CNY rider

Quoted from an outstanding market technician with decades of experience:

"There seems to be a reluctance to face the realities of a bear market, simply because the vast majority of the "players"
(including the robots) have never experienced one, nor bothered to learn from the experience of others who have."

The "Flash Boys" may be playing a major part in this. While it might be easy in a rising market to "step-in the middle" when there is someone ready to buy, however not as easy when there are less buyers.

Hopefully the market will regain some losses in the next 2 days, otherwise China will have a hangover when they re-open on Monday after a week-off.