Another bad day on the markets

Discussion in 'Stock Market Forum' started by Onionman, Jan 27, 2015.

  1. Onionman

    Onionman Senior Investor

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    The S&P 500 fell 1.3% as we continue our weak start to the year. It's the reporting season so we were always going to have a volatile period, and we saw Microsoft and Caterpillar disappoint with their numbers.

    But what is everyone thinking about the market in its current state?
     
  2. crimsonghost747

    crimsonghost747 Senior Investor

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    YAY for a red index! I'm in this for the long term so lower price just means that I get more good stuff with the same amount of cash. Lots of volatility could be coming our way due to earnings, oil and other political issues around the world. So I'm holding on to most of my cash at the moment in hopes that we will see more of these red days.

    PG went down about 3%. Nothing wrong with their sales or fundamentals, their revenue is down due to exchange rates. (strong dollar) I think it might be time to increase my position soon.
     
  3. turt

    turt Guest

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    I still think the market will remain choppy but not really head too far in either direction. A constant rise and fall every couple days like we had a few years back.
     
  4. admin

    admin Administrator Staff Member

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    Was a good day for me I sold everything the day before. Now I'm just waiting for a few days of dips to get back in.
     
  5. petesede

    petesede Guest

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    kinda a ´meh´ day. There wasn´t really any big news causing it, nobody really missed earnings. I was shocked a bit by the oil inventory increase. Still think there are going to be a bunch of upside surprises because of oil prices.
     
  6. TipdOff

    TipdOff Well-Known Member

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    Another rough day - lots of red on the map. ^VIX moving a lot today on news that the Fed is going to be patient in regards to raising the interest rate. Apple really bucked the trend.

    [​IMG]
     

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    Last edited by a moderator: Jul 8, 2016
  7. troutski

    troutski Guest

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    It's a rocky market in the short-term, but that's not going to impact most long-term investments. I wouldn't worry too much about it, unless you're specifically trying to play the short game. Then you might get lucky on some bets/investments and then lose quite a bit on others. I don't think the market will be down as a whole for too long, though. There's still plenty of room for an improved economy and a stronger market than last year.
     
  8. Onionman

    Onionman Senior Investor

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    Ultimately, we need some of these kind of days. A bit of excessive, unnecessary selling, which drags down the good and the bad in equal measure. Then it's about getting back in at the right level. This should hopefully be more of a buying opportunity than a selling one.
     
  9. downloads

    downloads Well-Known Member

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    Funny that you mention the VIX. For the past year or so I was somewhat comforted with it being so low. But in the past week I've been seeing it slowly start to rise up. If it gets back up into the $40s you know we're going to be in for a bumpy ride.

    Now if that happens, the question is whether to avoid risk or play the risk...
     
    Last edited by a moderator: Jul 8, 2016
  10. crimsonghost747

    crimsonghost747 Senior Investor

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    I think we need a lot of these days. The market is still too high in my opinion... P/E is getting ridiculously high and it's starting to be harder and harder to find anything that is cheap enough to buy. (in my opinion) I think a lot of people are starting to sell small parts of their portfolio in order to reel in the profits and we will see a lot of these days when the market is at 0 to -2%.
     

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