Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
Starting a thread for folks to contribute to discussions about current market activity, index levels, price movement, tactical reactions to news, etc. Might be better if there was ONE thread for all this stuff versus one new one for each day. If not, I'll delete this thread, but it just seemed like a good/handy idea.
A good idea. I was about to post this link, but this a good place to land. I've used this site page for general interest, but moreso during times of markets 'duress'. The page is at 'price', but one may select 'performance' and 'technical' without leaving the page. The display will rotate to the choice. One may watch as the numbers change, near real time. At the right edge column, one will see the clock image. At 6pm, EST; these are all 'red', being that markets are closed for active trading. As the Japan area opens first, later tonight you will find those market 'clock' color change to 'green', and so on; as markets open. Tonight may be of particular interest IF the tariffs come into place, as advertised.
ADD: 8pm, EST @rforno Some of this reminds me of the GFC period when Bloomberg and CNBC were doing live staffed broadcasts all through the nights. AND Japan area has started trading...............
A little late to cover up, but today I had to place protection in my portfolio by buying an inverse ETF. I've made (long) index purchases this past week, but clearly this might get even uglier (crisis level) soon.
I don't know what reality Orange lives in, but he clearly has too much control of our financial lives. This is not normal and we are quickly passing the point of no return.
Wall Street is quickly catching on to this new "reality".
That said, who knows whether he finally relents from this foolish gambit. We didn't need any of this.
I was distressed after waking up this morning to see the Green in the indexes had turned into a sea of RED. Stinky poopy. Schwab is completing my 2-step trade today, leaving my Junk behind and buying WCPNX and SWVXX.
I'm watching closely. Are the decisions of the current regime going to bring us to a Weimar Republic-like situation? I can no longer attribute the benefit of the doubt.
Guys. Mentioning “orange “ and “the current regime “ sounds very close to connecting politics to current market activity. Be careful,,, you know who is lurking……..
Guys. Mentioning “orange “ and “the current regime “ sounds very close to connecting politics to current market activity. Be careful,,, you know who is lurking……..
Markets are collapsing. Cannot ignore the elephant in the room, though MAGA loyalists will try.
Optimistically, at some point the tariff war will end…either via Congressional action or otherwise.
So….it makes sense to compile a buy-list. It’s funny, over the last year or so I established via Schwab a number of alerts for positions I would really like at prices I’d like to pay.
6 alerts have triggered this week. Now…not to buy RIGHT NOW, but when cooler heads prevail.
@PressmUp. Not me. I am perhaps half way through retirement and the regime might last longer than me. A big enough crash might be enticing but it would be for sport. It’s an age thing.
"In reality, Trump has little to fear from his fellow Republicans—at least for the time being. Between certain quirks of legislative history and certain stubborn facts of public opinion, he is still well-positioned to dictate when—if ever—he starts serious tariff negotiations with trading partners.
The most radical option that lawmakers have is to revoke the national emergency Trump declared to provide legal justification for his tariffs. That could be done with a majority vote of both houses, per the 1976 National Emergencies Act. (A special provision of the law says such measures can’t be filibustered.)
However, in 1983, the Supreme Court—contrary to what the authors of the National Emergencies Act expected and intended—ruled that any such resolution would itself be subject to veto by the president. And it takes a two-thirds majority in both houses to override a veto.
JD. Excellent reporting on the 1983 Supreme Court rule. It’s a perfect (shit) storm. And that same National Emergencies Act can and likely will be used against the opposition to the regime.
However, in 1983, the Supreme Court—contrary to what the authors of the National Emergencies Act expected and intended—ruled that any such resolution would itself be subject to veto by the president. And it takes a two-thirds majority in both houses to override a veto.
Optimistically, at some point the tariff war will end…either via Congressional action or otherwise.
So….it makes sense to compile a buy-list. It’s funny, over the last year or so I established via Schwab a number of alerts for positions I would really like at prices I’d like to pay.
6 alerts have triggered this week. Now…not to buy RIGHT NOW, but when cooler heads prevail.
Anyone doing the same?
Long before the current mayhem, I'd been researching all sorts of funds and stocks. I landed upon only TWO: BLX and ET. By now, ET has fallen from the heights by quite a bit, making it attractive for me to buy more, under $15.00. As for BLX... Would you believe ? It was UP today, but still down generally along with the Markets. When the first BLX dividend landed in my account since buying, I discovered zero taken preemptively from the published total in foreign tax. That's one reason why it's a keeper.
I'm not a trader. I intend for these to be long-holds. Unless the sky falls down. The major Indices are in Bear Territory. My portfolio is less than half that far down. Still stings.
Market is starting to ignore US-China tariff war - how bad could it get now? Futures are showing that SP500 is near where it ended at the close on Tuesday.
Edit: CNBC -- Trump raises China tariffs to 125% but announces 90-day pause for others
Now watch Donnie bleat about how the Dow "rose the most ever in a single day" under his watch, which *clearly* means his policies are working. *grumble*
And remember, this is only a PAUSE. He could eat a bad hamberder in 91 days, throw another tantrum, and we'll be right back to where we were an hour ago.
Now that the link between our mutual funds and political actions is obvious to all ,will the political / investment discussion remain banished to the back forty? This is not to mean let’s make disparaging remarks to those we disagree with but to allow comments that include politics as something that impacts investments like the fed , unemployment numbers and consumer confidence.
(Is he not dead yet?) Glad to see Markets pop. But the volatility is insane. My former junk bond money is hiding in the MMkt. I'm not moving it outa there anytime soon.
Awesome relief rally, but tough to understand how much damage has already been done here in the US. Future economic report releases should be an adventure.
I feel less confident now than I have since we had gas lines in the '70s. But I'd take the Peanut Farmer back in a heartbeat.
Executed 5 separate sales across my basket at Fidelity between 2 and 4 PM Wednesday. Basket has 12 holdings (stocks / CEFs). Had put through 1 buy order earlier in the day and had also bought in the days leading up to Wednesday.. These maga-swings make it tough to stay on top of everything.
Is it time to Dollar CA back in, or do you wait until he dies or gets shot? Sold off down to 35% stock when he got sworn in, but want to be at 52%. Or do you wait until next year when he tries to cancel the midterm elections?
Comments
I've used this site page for general interest, but moreso during times of markets 'duress'.
The page is at 'price', but one may select 'performance' and 'technical' without leaving the page. The display will rotate to the choice. One may watch as the numbers change, near real time.
At the right edge column, one will see the clock image. At 6pm, EST; these are all 'red', being that markets are closed for active trading. As the Japan area opens first, later tonight you will find those market 'clock' color change to 'green', and so on; as markets open.
Tonight may be of particular interest IF the tariffs come into place, as advertised.
Major World Market Indexes
ADD: 8pm, EST @rforno Some of this reminds me of the GFC period when Bloomberg and CNBC were doing live staffed broadcasts all through the nights.
AND Japan area has started trading...............
I don't know what reality Orange lives in, but he clearly has too much control of our financial lives. This is not normal and we are quickly passing the point of no return.
Wall Street is quickly catching on to this new "reality".
That said, who knows whether he finally relents from this foolish gambit. We didn't need any of this.
I'm watching closely. Are the decisions of the current regime going to bring us to a Weimar Republic-like situation? I can no longer attribute the benefit of the doubt.
So….it makes sense to compile a buy-list. It’s funny, over the last year or so I established via Schwab a number of alerts for positions I would really like at prices I’d like to pay.
6 alerts have triggered this week. Now…not to buy RIGHT NOW, but when cooler heads prevail.
Anyone doing the same?
https://www.thefp.com/p/will-congress-stop-trump-tariffs
"In reality, Trump has little to fear from his fellow Republicans—at least for the time being. Between certain quirks of legislative history and certain stubborn facts of public opinion, he is still well-positioned to dictate when—if ever—he starts serious tariff negotiations with trading partners.
The most radical option that lawmakers have is to revoke the national emergency Trump declared to provide legal justification for his tariffs. That could be done with a majority vote of both houses, per the 1976 National Emergencies Act. (A special provision of the law says such measures can’t be filibustered.)
However, in 1983, the Supreme Court—contrary to what the authors of the National Emergencies Act expected and intended—ruled that any such resolution would itself be subject to veto by the president. And it takes a two-thirds majority in both houses to override a veto.
Advantage: Trump. "
Advantage: Trump. "
Just kill me now.
I'm not a trader. I intend for these to be long-holds. Unless the sky falls down. The major Indices are in Bear Territory. My portfolio is less than half that far down. Still stings.
As of 1330 ET...
Dow is up 2250 6%
SPX up 332 6%
NQ up 1400 8%
Edit: CNBC -- Trump raises China tariffs to 125% but announces 90-day pause for others
Now watch Donnie bleat about how the Dow "rose the most ever in a single day" under his watch, which *clearly* means his policies are working. *grumble*
And remember, this is only a PAUSE. He could eat a bad hamberder in 91 days, throw another tantrum, and we'll be right back to where we were an hour ago.
Just his brain. But it's been that way for quite a while.
I feel less confident now than I have since we had gas lines in the '70s. But I'd take the Peanut Farmer back in a heartbeat.
Just for you @larryB: "TRUST IN TRUMP"
so much for Donnie's 'put' yesterday lol