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Anyone notice a connection between the market and a certain politician today?
Even M* is getting "political." Above the fold this AM is the screamer: Tariffs Are a Self-Inflicted Economic Catastrophe, subhead: Risks of recession have just gone up, while the standard of living could go down. Dinky linky.
And to make up for their lack of coverage heretofor, they add this in case you missed it: Stocks Plunge as Trump’s Tariffs Threaten to Hurt Growth, Raise Inflation, subhead: Global markets react negatively to Wednesday’s tariff announcement. Yet another dinky linky.
It seems there are no anodyne analysts in a market rout.
Anyone notice a connection between the market and a certain politician today?
Nope. No me.
That's because a "certain poster" earlier this week had educated all of us dopes on this forum that tariffs have no direct correlation to the market or the economy.
That said, thanks in large part to another thread @larryB started this week on Lib Day, I sold 1/2 of our stocks this Monday. Fortunately that was BEFORE I learned what that other "certain poster" taught us dopes.
ASIDE: We manage portfolios of several friends and relatives. I was able to convince all of them but one to do the same as us on Monday. The lone wolf sadly is my life-long best friend with a LARGE stock portfolio, including a couple of individual tech stocks.
The British didn't understand what Brexit meant for their economy. But they wanted it, they voted for it, and they've gotten it. Now it's the Americans' turn
The British didn't understand what Brexit meant for their economy. But they wanted it, they voted for it, and they've gotten it. Now it's the Americans' turn
So, I guess OPEC lowered prices. Good for US oil companies. Not their stock today. Chevron and Exxon down 4 to 5 percent. ConocoPhilips almost 10 percent. But, with cheaper OPEC, prices at the pump? down?
For us, SELL time was Monday (which we did, 50% of our stock allocation), but no later than Wednesday COM.
We were pretty sure Thursday would bring bloodshed. We feared/still fear Friday's UE (and future UE reports) could add some kerosene to the fire. We think a recession and a BEAR are coming to a country near us relatively soon.
I guess one could SELL some now, but when I miss selling before the Big C, I usually wait to BUY the Bear.
If any stock exposure is to be bought now, for us, it would be Staples and/or Alternatives, though we are toying with adding a wee bit to FXAIX and/or PRWCX.
With some of Monday's stock SELLs proceeds, we bought a CD, three dedicated bond funds and QLENX Tues and Wed.
Bottom Line: We think this is going to get FAR worse before it gets ANY better. One MUST have a LT investment horizon to be BUYing, especially broad market stuff, anytime soon.
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NOT my opinion, but the narrative of some of the analysts/posters I follow:
Comments
And to make up for their lack of coverage heretofor, they add this in case you missed it: Stocks Plunge as Trump’s Tariffs Threaten to Hurt Growth, Raise Inflation, subhead: Global markets react negatively to Wednesday’s tariff announcement. Yet another dinky linky.
It seems there are no anodyne analysts in a market rout.
Nope. No me.
That's because a "certain poster" earlier this week had educated all of us dopes on this forum that tariffs have no direct correlation to the market or the economy.
That said, thanks in large part to another thread @larryB started this week on Lib Day, I sold 1/2 of our stocks this Monday. Fortunately that was BEFORE I learned what that other "certain poster" taught us dopes.
ASIDE: We manage portfolios of several friends and relatives. I was able to convince all of them but one to do the same as us on Monday. The lone wolf sadly is my life-long best friend with a LARGE stock portfolio, including a couple of individual tech stocks.
Don't talk to me about connections!!!
-Jim Mora (loosely quoted here)
https://www.cnbc.com/2025/04/02/trump-tariffs-on-vietnam-could-raise-prices-for-shoes-furniture-toys.html
WOW! 12%-25% DROPS!
"Will the UE report tomorrow result in a dead cat bounce, or just a really dead cat?
So, I guess OPEC lowered prices. Good for US oil companies. Not their stock today. Chevron and Exxon down 4 to 5 percent. ConocoPhilips almost 10 percent. But, with cheaper OPEC, prices at the pump? down?
For us, SELL time was Monday (which we did, 50% of our stock allocation), but no later than Wednesday COM.
We were pretty sure Thursday would bring bloodshed.
We feared/still fear Friday's UE (and future UE reports) could add some kerosene to the fire.
We think a recession and a BEAR are coming to a country near us relatively soon.
I guess one could SELL some now, but when I miss selling before the Big C, I usually wait to BUY the Bear.
If any stock exposure is to be bought now, for us, it would be Staples and/or Alternatives, though we are toying with adding a wee bit to FXAIX and/or PRWCX.
With some of Monday's stock SELLs proceeds, we bought a CD, three dedicated bond funds and QLENX Tues and Wed.
Bottom Line: We think this is going to get FAR worse before it gets ANY better. One MUST have a LT investment horizon to be BUYing, especially broad market stuff, anytime soon.
----------------------------------------
NOT my opinion, but the narrative of some of the analysts/posters I follow:
BUYing the dip has not worked for the last about 2 years (recent MW study)
NASDAQ is clearly rolling over (Katie Stockton)
https://www.cnbc.com/video/2025/04/01/off-the-charts-whats-next-for-tech-in-q2.html
Death Crosses for all major indexes are weeks away (yogi).
https://www.mutualfundobserver.com/discuss/discussion/63661/death-crosses#latest
Russell entered Bear Market land today (CNBC).
Recession fears are mounting and with recessions come Bear Markets (Just about everybody)