I cannot find a single instance when a group of stocks, like tech, fell this far in such a short period of time without bouncing. I have looked at the data going back to the late 90’s and it is an absolute black swan to expect stocks to trade down in May, following a collective 30-50% beating during the months of March and April.
This included 2000, 2008 and 2009, during the worst stock markets known to mankind. What is so exactly unique about this decline to warrant another leg lower in May?
While we might drawdown another 2-5%, from now until the end of April. I am having a hard time justifying selling now, aside from my desire to “just end it all”, which is being guided by the weaker side of my emotions.
When I said I could hold my breath a long time, I meant it.
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FIG
it is a stocked market, after all…
I agree, i would probably hope for a good bounce during the strongest part of earnings season. Its a bit of a gamble though, as if these stocks even slightly disappoint they could get murdered.
And I repeat. Gosh you are dumb.
Don’t sell, the degens will push the higher in the weeks to come
A mind is a terrible thing
All the money you are losing is client’s money. That’s why you can make your loss this big ? Another story if your loss is all from your own money. How would you deal with if so, already sold ? I don’t mean to offence, but just asking because I’m dealing only own money.
losing own money is easier to deal with
+1
David, I don’t post much but I had to chime in. You tell me how it feels to be the dumbest guy in any room you walk into.
I’ll tell you how it feels to lose money for family and friends.
Fly, what were ur AUM? and what are they now?
4 minutes
Model I have been running just showed a rotation into the divvys over the last month, I exclude EMs from this model.
This not a growth model but a defensive make some dosh, but limit the losses. Currently down 26bps MTD. Growth model down 458 bps.
No signs of a need to run to cash or get out. Simple rotation.
Good job not listening to these aholes on board here.
Bart, how much does your girl friend charge for a blow job?
the sloppy joppy in the back of the tinted impala
BOUNCE!
Please let it hold this time?!
Fly, When are you going to bring back Marlin?
I don’t associate with any fish.
A couple unique attributes:
1) Momentum stocks have been killed but the S&P is still near its highs, subject to fall further, and hasn’t had a decent correction for an extended time.
2) VIX is way low compared to the carnage, so subject to increase significantly, taking the market with it. Also, the short covering rallies that you allude to might sold into faster w/ a low VIX.
Best wishes.
We are talking about time here, not valuation.
Two months down 50%. I cannot find a single instance when it fell in the third month. It might have fell in the fourth, but not the third.
The picture accompanying this post is hysterical,
I think it was from “Creepshow.”
(the movie..not the series.)
The big bounce cometh.Yellen is warming her tea.
Whaddya know? Dow & S&P green.
the past is done and over with.
if your cost basis in these stocks was at today’s prices, would you be worried? no, probably not.
QQQ is finding support at the Feb low. If the support holds, you may find your bounce. If it doesn’t, you’ll know what to do. “Hard time justifying selling now” is a logic that broke many great traders, Jesse Livermore included.
Bought the tiniest position in FEYE known to man just for a giggle at 44.75. For once I caught the low (of the day at least) and all I made is lunch. Who wants a cheeseburger ?
This market is insane, or maybe we all are thinking something of substance might develop this week.
Momo reversing hard. I wanted to pick up more YELP stock today but held out. Basis is 62 and my first target is 70. However, I’m holding YELP for the long haul. I would love to see it back in the 50s.
Hope is a town in Arkansas and a trading strategy, both of which should be avoided if a man cares to maintain his anal virginity.
I was never sure if you could really do it, but if you can, would please go back to banning some of these comments…especially the really intelligent ones about girlfriend blowing them, etc
$FEYE…Yea, today’s low was the bottom.
Bought May 55 calls. So fuck you !!
I’m an old man and these are the most disgusting, vile, despicable, degenerate animals I have ever had to comment with.
Go back to bed.
Short-covering on equities
Short-covering on equities was reportedly given a pretext from a Nikkei News story that Japan is preparing to downgrade its economic assessment in the April report. According to this catch by Zerohedge that bearish news on Japan reportedly lifted USD-JPY from lows of 101.47 to the 101.80 area (see earlier FX alert) and equities were slavishly programmed to follow suit.
SELL. What a bunch of turd advice.
FEYE Green LOL… this market is broken.
sell , buy , sell buy, you people need to shut the fuck up and go back to sucking the days dick.