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 Market Drop 1st trading day

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Thump

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Posts : 2718
Join date : 2008-05-13
Location : Central Florida

PostSubject: Market Drop 1st trading day   Mon Jan 04, 2016 4:28 pm

Pretty good drop the first trading day.  People with sense
know they aren't betting on the value of stocks, they're
betting on other people's ignorance.

Story this morning that it was because of China's drop and
oil prices jumping higher because of conflicts between
Saudi Arabia and Iran and that changed soon after.

Ignorant people trying to day trade panicked, "Oh God, the
market is crashing" and more people stampeded in.  I
did notice that the smarter day traders saw an opportunity
to pick up some stocks close to the end of trading expecting others
to come to their sense and jump back in tomorrow.

Not enough drop to make me want to gamble.
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Thump

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Join date : 2008-05-13
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PostSubject: Re: Market Drop 1st trading day   Fri Jan 08, 2016 3:26 pm

Thought it was going back up and it was over but not yet.

1935.11 - If it goes down $15.11 I'm goint to hit it
with 10% of my cash. Wanted to anyway 'cause it
was such a good deal but maintaining my discipline.
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Thump

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PostSubject: Re: Market Drop 1st trading day   Fri Jan 08, 2016 4:01 pm

Crap, crap, crap.  Just missed it, couldn't get logged in
in time.

Edit: Would have missed it anyway, went by too fast.
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rockhump

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PostSubject: Re: Market Drop 1st trading day   Sat Jan 09, 2016 8:41 am

What were you trying to buy? An S&P ETF.. Maybe SPY? Sounds like you are in a good cash position to take advantage.
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Thump

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PostSubject: Re: Market Drop 1st trading day   Sat Jan 09, 2016 10:14 am

Looked like the S&P ETF VOO was the best deal around
yesterday's closing. VIG and VTI weren't bad.
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