Almost every sector is down today.
I made a buy that was pretty significant for me yesterday, so yes, today is the beginning of the end. Technically, yesterday afternoon was the high water mark.Gabster43213 said:
Almost every sector is down today.
MAS444 said:
Yep! I'd say time to go to cash...except the board has been "going to cash" for years in light of imminent crash.
Logos Stick said:MAS444 said:
Yep! I'd say time to go to cash...except the board has been "going to cash" for years in light of imminent crash.
I read Buffett is extremely heavy cash right now.
Schiller PE is almost back to what is was pre correction.
Stocks are overvalued imo.
The interest on our debt is now larger than the defense budget. First time in history. In a couple of years, the interest payments will surpass both Social Security and Medicare. First time in history. It's mathematically not sustainable.
Thus, I'm heavy cash. Could be wrong. We shall see.
Logos Stick said:
The interest on our debt is now larger than the defense budget. First time in history. In a couple of years, the interest payments will surpass both Social Security and Medicare. First time in history. It's mathematically not sustainable.
Thus, I'm heavy cash. Could be wrong. We shall see.
roger on that, if it gets to the point where holding equities is no longer a viable investment option then we got much much bigger problems than being in cash is going to solve. At that point you are going to need an AR, ammo and sustainable food supply. We are all going down together in that scenarioQuote:
If capitalism ends as we know it, or America craters for an extensive amount of time (or forever), being heavy on cash won't do you much good.
Stive said:Logos Stick said:MAS444 said:
Yep! I'd say time to go to cash...except the board has been "going to cash" for years in light of imminent crash.
I read Buffett is extremely heavy cash right now.
Schiller PE is almost back to what is was pre correction.
Stocks are overvalued imo.
The interest on our debt is now larger than the defense budget. First time in history. In a couple of years, the interest payments will surpass both Social Security and Medicare. First time in history. It's mathematically not sustainable.
Thus, I'm heavy cash. Could be wrong. We shall see.
And what good does being heavy on cash do you if this all comes tumbling down like the fear mongers think? You're not going to use it to buy back in because the government isn't going to fix what you perceive as the problem.
If capitalism ends as we know it, or America craters for an extensive amount of time (or forever), being heavy on cash won't do you much good.
Charlie Murphy said:
What is the "correct" position for the stock market?
Asking because I'd like to buy low and sell high. Thanks!!
El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
Gotta say, I agree with Prop Joe here. No offense, but that's some VooDoo word salad worthy of certain politicians.Proposition Joe said:El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
I think you can just bookmark this post link and reference it any time you'd like with a "as I predicted..."
tysker said:
Buffett is often long cash* because when BRKA finds a business they like, they go all in to purchase a large percentage of the company, if not the whole thing, with cash. They typically do not use leverage when making purchases. BRKA prefers to be the bank, not use them.
*and it's likely not cash, probably T-bills earning ~500 bps
Quote:
Berkshire Hathaway's cash position has reached a new high. It sold a portion of its largest holding, Apple, to buy U.S. Treasury Bills. And Warren Buffet has all but told us at the Berkshire Hathaway Annual Meeting in Omaha that the market is overly expensive and unattractive.
May 7, 2024
Proposition Joe said:El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
I think you can just bookmark this post link and reference it any time you'd like with a "as I predicted..."
That username.permabull said:
All the bears who told me to sell when SPY was 430-450 are going to be pounding their chest and telling me they "told me so" when it retreates to 505
Buffett was also very late to the Apple game and since he's sold a portion of his holding it's up 10 points. I own ELF and for 2 weeks every news story I could find was saying Sell. I didn't. Sometimes the people who get paid to tell you about the market know less than their readers.Logos Stick said:tysker said:
Buffett is often long cash* because when BRKA finds a business they like, they go all in to purchase a large percentage of the company, if not the whole thing, with cash. They typically do not use leverage when making purchases. BRKA prefers to be the bank, not use them.
*and it's likely not cash, probably T-bills earning ~500 bps
LOL, of course he's not holding dollar bills. He's in fixed income like the rest of us.
He indicted that the market is overpriced.Quote:
Berkshire Hathaway's cash position has reached a new high. It sold a portion of its largest holding, Apple, to buy U.S. Treasury Bills. And Warren Buffet has all but told us at the Berkshire Hathaway Annual Meeting in Omaha that the market is overly expensive and unattractive.
May 7, 2024
El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
OldArmyCT said:Buffett was also very late to the Apple game and since he's sold a portion of his holding it's up 10 points. I own ELF and for 2 weeks every news story I could find was saying Sell. I didn't. Sometimes the people who get paid to tell you about the market know less than their readers.Logos Stick said:tysker said:
Buffett is often long cash* because when BRKA finds a business they like, they go all in to purchase a large percentage of the company, if not the whole thing, with cash. They typically do not use leverage when making purchases. BRKA prefers to be the bank, not use them.
*and it's likely not cash, probably T-bills earning ~500 bps
LOL, of course he's not holding dollar bills. He's in fixed income like the rest of us.
He indicted that the market is overpriced.Quote:
Berkshire Hathaway's cash position has reached a new high. It sold a portion of its largest holding, Apple, to buy U.S. Treasury Bills. And Warren Buffet has all but told us at the Berkshire Hathaway Annual Meeting in Omaha that the market is overly expensive and unattractive.
May 7, 2024
Perfectly legal and very common. Machines count the cards for yaEliteZags said:El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
I thought reading charts to influence investment decisions was considered 'insider trading'?
or is it just frowned upon, like counting cards, or farting in an elevator
Sometimes, portfolio managers reduce positions in names they love due to concentration and risk (like the 5% allocation rule for mutual funds). If a stock price increases and the position becomes too large relative to other holdings, managers have to haircut that position or find creative ways to restructure.OldArmyCT said:Buffett was also very late to the Apple game and since he's sold a portion of his holding it's up 10 points. I own ELF and for 2 weeks every news story I could find was saying Sell. I didn't. Sometimes the people who get paid to tell you about the market know less than their readers.Logos Stick said:tysker said:
Buffett is often long cash* because when BRKA finds a business they like, they go all in to purchase a large percentage of the company, if not the whole thing, with cash. They typically do not use leverage when making purchases. BRKA prefers to be the bank, not use them.
*and it's likely not cash, probably T-bills earning ~500 bps
LOL, of course he's not holding dollar bills. He's in fixed income like the rest of us.
He indicted that the market is overpriced.Quote:
Berkshire Hathaway's cash position has reached a new high. It sold a portion of its largest holding, Apple, to buy U.S. Treasury Bills. And Warren Buffet has all but told us at the Berkshire Hathaway Annual Meeting in Omaha that the market is overly expensive and unattractive.
May 7, 2024
EliteZags said:El Chupacabra said:
Could be. IF the lines I drew on a chart match up correctly, we could see a major correction. But only if my price target is triggered and SPY breeches the other lines on my chart. But we could go the other direction too if the bar charts confirm the trend. I'd look for another major leg up if we stay out of the normal range for a few sessions, but only if the lines confirm it...even then we could see the opposite. Would need the confirmations of the charts to determine if a correction or another run up. Based on recent price action, it is inconclusive at this point. But momentum tends to favor the other side of the chart and the market could be overbought (with confirmation of the chart of course). If we go outside the bands of the lines on my chart, it could suggest a correction of epic proportions, but only with price confirmation.
I thought reading charts to influence investment decisions was considered 'insider trading'?
or is it just frowned upon, like counting cards, or farting in an elevator
YouBet said:
Not really a strategy to follow when the elephant in the room (The Debt) decides to implode. I met with my FA yesterday and I always bring this up and he agrees with me that if The Debt decides it's going to crash the country then there isn't **** any of us can do.
Basically, financial advisors and their firms look ahead and just assume everything will not crash so they ignore it as a factor like everyone else. They obviously keep tabs on it and we look at charts and what not but there is nothing to be done about it.
Goldman's only take on the debt is that they think Congress will eventually do something about it before it crashes. Lol. Ok.