Market's gonna tank, how do i get in on contrafund

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Market's gonna tank, how do i get in on contrafund

ml242
please advise. i want to spend some coin on this before the bell.
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Re: Market's gonna tank, how do i get in on contrafund

Harvey
Administrator
No way for normal people to beat the experts, IMO.  Maybe time for some kind of a more broad based thread?
"You just need to go at that shit wide open, hang on, and own it." —Camp
Z
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Re: Market's gonna tank, how do i get in on contrafund

Z
In reply to this post by ml242
It's too late
You would have had to bought it today before the polls started coming in
While the market will go down 1000 points it will be a great buying opp.  
if You French Fry when you should Pizza you are going to have a bad time
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Re: Market's gonna tank, how do i get in on contrafund

PeeTex
I looked out the window, the sun is still in the sky and there was no nuclear war.
The markets will recover quickly when everyone realizes the world did not come to an end.
Don't ski the trees, ski the spaces between the trees.
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Re: Market's gonna tank, how do i get in on contrafund

JTG4eva!
Long way to the closing bell......but markets are currently up and climbing.

The last two elections with a new President Elect saw markets drop 3-5% the following day.

Might this Trump election change that trend?
We REALLY need a proper roll eyes emoji!!
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Re: Market's gonna tank, how do i get in on contrafund

nepa
Financials are through the roof... market is anticipating an end to the SIFI concept.
Z
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Re: Market's gonna tank, how do i get in on contrafund

Z
Market soaring.  The advisor service I used put out a podcast about this.  Its behind a password protected firewall so I can't post it.  Basically their point is that Trumps speech last night hit it out of the park with points on the lower corporate tax rate and moves to bring back all the overseas profits and fixing the ACA are all seen as big market movers.  Health Care stocks are especially good today while oil is off as Trump will allow the Keystone XL and more production for energy independence.
if You French Fry when you should Pizza you are going to have a bad time
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Re: Market's gonna tank, how do i get in on contrafund

PeeTex
I thought this would take two or three days to settle out, looks like the markets are quite happy (well, not Mexico).
Don't ski the trees, ski the spaces between the trees.
Z
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Re: Market's gonna tank, how do i get in on contrafund

Z
some investing ideas

VHT vanguard Health care EFT

MDT Medtronic - giant health care firm that merged with Covidien recently

Refineries - epa will lessen regulatory costs for refiners

Coach is buying - like Ptex I thought it would take a couple days and I was thinking Friday was going to be the buying day
if You French Fry when you should Pizza you are going to have a bad time
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Re: Market's gonna tank, how do i get in on contrafund

Snowballs
Banned User
Coach Z wrote
 Coach is buying
Good. Set 'em up!
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Re: Market's gonna tank, how do i get in on contrafund

PeeTex
In reply to this post by Z
Coach Z wrote

Refineries - epa will lessen regulatory costs for refiners
Stay away from energy stocks - if he eases on production in the US and allow the pipelines than the energy markets will tank. Several of my clients are really hurting, they service the process industry and with the low cost of feed stock their customers are not buying.
Don't ski the trees, ski the spaces between the trees.
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Re: Market's gonna tank, how do i get in on contrafund

campgottagopee
In reply to this post by Snowballs
Snowballs wrote
Coach Z wrote
 Coach is buying
Good. Set 'em up!
WORD!
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Re: Market's gonna tank, how do i get in on contrafund

Harvey
Administrator
You market timers are entertaining.  Just recently (Labor Day) did my first ever rebalance (EVER!) and I started going all in on bonds with like 70% of new contributions. It's an old guy thing.

I was going to change that (new contribs only) if the market tanked this week. Now I'm not changing anything, or maybe rebalancing further.

I've never seen this kind of discrepancy between djia futures and what happened at this morning's opening.  I didn't hear Donnie's speech, but what you are saying makes sense.  

Reminder to Mr Trump: one thing this proves is that words matter.  His people (and hopefully DT himself) learned this with the forcible removal of his Twitter account and his teleprompter action. Don't fuck up dude.
"You just need to go at that shit wide open, hang on, and own it." —Camp
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Re: Market's gonna tank, how do i get in on contrafund

Snowballs
Banned User
Harvey wrote
 Don't fuck up dude.
Right! Lock Her Up !

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Re: Market's gonna tank, how do i get in on contrafund

JTG4eva!
Coach was hoping for buying opportunities late this week.  More likely we'll have to worry about profit taking erasing some of today's gains!
We REALLY need a proper roll eyes emoji!!
Z
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Re: Market's gonna tank, how do i get in on contrafund

Z
I agree it would have been better if the market tanked first but my existing portfolio would have been hit more than the potential gains on what I had available cash for new buys.

Watched Carl Icahn on CNBC this morning and he said he was at the Hilton for Trump's speech and then left and immediately started buying as he saw the opportunity.  When a guy like that says he was buying we are talking line a 100 mil worth.
if You French Fry when you should Pizza you are going to have a bad time
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Re: Market's gonna tank, how do i get in on contrafund

Harvey
Administrator
This post was updated on .
The market was certainly quite interesting this week. After djia futures were down ~800 Tues night the market rose 300+ in regular trading on Weds.

I've seen the market buck the futures by the end of the day, but usually at open they will mirror a strong move in the futures.

It made me wonder if the central banks stepped in with an aggressive buy to calm the markets.
"You just need to go at that shit wide open, hang on, and own it." —Camp
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Re: Market's gonna tank, how do i get in on contrafund

Snowballs
Banned User
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Re: Market's gonna tank, how do i get in on contrafund

billyymc
Infrastructure and inflation. That's what drove the markets this week. Trump's policies, what is known of them, will benefit infrastructure stocks through spending which will drive inflation which will benefit banks. Those stocks make up a big component of the DJIA which is what went up the most. S&P went up but by less % than the DJIA, and NASDAQ went down quite a bit.

The huge jump is probably premature until more is known, but that's BAU for the markets. Jump first, then look.
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Re: Market's gonna tank, how do i get in on contrafund

Harvey
Administrator
I know that was the conventional wisdom, but it was basically a 1500 point swing, which is a lot for any speech from a politican, and Trump seems to be already rewriting his agenda from the campaign. (Drain the swamp, kill ACA,deporting Muslims etc).

Was thinking maybe there were actual market forces at play.
"You just need to go at that shit wide open, hang on, and own it." —Camp
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