Stock market

[CKM]

some oil stocks were up today at least. some up a bunch I guess.

[walleyecheek]

That's too bad. I'd like to see gas prices at around .99 cents a gallon where it should be. To high for way too long !!!!!!

[bassin08]

I bought beans today. I got the last can that was on the shelf. I’m going to hold it until the price goes up and then sell it back to them. I’m in the bean market now!:rockit:

[REW]

Bassin,
The price of beans will get back to normal, if the folks from China follow through on some of their earlier buying projections.

[Thunderjet]

[QUOTE=walleyecheek;6272326]That's too bad. I'd like to see gas prices at around .99 cents a gallon where it should be. To high for way too long !!!!!![/QUOTE]

We were at $1.84 yesterday. Like to see it get down in the 1.60 range

[unchained]

Soybeans do not equal stock market. They equal commodities market.

Off topic banter should be moved to its own thread, especially when it's two guys posting 50 times in 2 days.

[unchained]

[QUOTE=cyber16;6271624]wow
Christmas eve day is usually a slower market day due to the fact many don't follow it being busy with the holiday.
A half day market closes another -650+ points.

A year ago I suggested in a thread that got nuked that I felt the bottom could be around 19k
Now I think we may go well lower in the coming months, I hope not[/QUOTE]

what are you basing that 19k number on? How'd you get there?

[QUOTE=Thunderjet;6271634]Am still hoping it drops to 21,000. That is the point I decided to reenter 5% at a time.
[/QUOTE]

what is your 21,000 number based on?

what if we see 22,001, rally from there, then move on to 30,000 over the next 4 years...you're just stuck on the sidelines because you didn't see 21,000?

More than likely you buy back in in 2020 after sitting out for 2 years, having cost yourself 2 years of dividends, triggered unnecessary capital gains taxes, trading costs and frictional costs, and end up buying back in higher than you sold.

This is why wholesale market timing doesn't work.

[eriksat1]

[QUOTE=REW;6272286]The market is up over 1000 points - 12/26/2018[/QUOTE]

That is called a "Dead Cat Bounce"

"What is a Dead Cat Bounce
A dead cat bounce is a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough."
[url]https://www.investopedia.com/terms/d/deadcatbounce.asp[/url]