stock market was up today...

#10,451
#10,451
NorthDallas40 said:
Man I was chicken **** and didn’t pull the trigger on moving around $600k into an SnP index fund at 2240. It jumped back up so I decided to wait... and wait... and wait... 🤬
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My companies stock dropped almost $100 in one day. It’s now made up $70 of that loss. I wanted to dive in when it dropped so much but I was too worried we may actually go belly up. Oh well
 
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#10,452
#10,452
MontyPython said:
What a crazy market. FOMO bull stampede - with valuations pricing the economy to forthcoming perfection. People are presuming a great deal - like the pandemic is done and/or vaccine will come to the rescue shortly, and the economy will make a "V" recovery. I've got egg on my face to date, but I still think we're just in an up leg of a bear market.
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Thats almost a near impossibility. Cov Sars been around for a few decades, and nothing on the vaccine front. I think what you are seeing as people open back up the jobs come back and most people generally are saying F-U pandemic I'm rolling the dice.
 
#10,453
#10,453
FLVOL_79 said:
Thats almost a near impossibility. Cov Sars been around for a few decades, and nothing. I think what you are seeing as people open back up the jobs come back and most people generally are saying F-U pandemic I'm rolling the dice.
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They were very close to a SARs vaccine but then funding dried out as the need died out. Very likely to happen with this too.
 
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#10,455
#10,455
FLVOL_79 said:
Thats almost a near impossibility. Cov Sars been around for a few decades, and nothing on the vaccine front. I think what you are seeing as people open back up the jobs come back and most people generally are saying F-U pandemic I'm rolling the dice.
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You may be right. Time will tell.
 
#10,457
#10,457
rjd970 said:
Yeah - I've found trying to time the market is a fools errand. Never works out. It's so frustrating to look back on.
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I can't remember the figures, but a lot of the gains during a year come on just a few days. If you are on the sideline, you miss them. It takes a strong stomach to stay invested during severe downturns. Luckily, I have managed to do it.
 
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#10,461
#10,461
Hayezb said:
I literally know next to nothing about buying stocks but yesterday decided to buy four $50 stocks ( Apple, UnitedHealth Group, Tesla and Alibaba ). Not looking to get rich quick, although I wouldn't mind, but figured they were all "safe" stocks to buy as I slowly learn.

I'm thankful to have a good job that wasn't affected by Covid and even got a 5% raise so I'm looking to start investing while I'm young.
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General Rule of Thumb: When the Trump haters are rushing into this thread to point fingers, it is time to buy some. When they are absent and the TV talking heads say something about new record highs, it is time to sell some.
 
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#10,462
#10,462
Ernest T. Vol said:
General Rule of Thumb: When the Trump haters are rushing into this thread to point fingers, it is time to buy some. When they are absent and the TV talking heads say something about new record highs, it is time to sell some.
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You have come a long long way since the Mrs. Wylie days.
 
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#10,465
#10,465
Vol737 said:
Somebody went looking for a coincidence trying to make a big deal of it. If anyone truly believes Michael Brown, George Floyd and Rodney King move the markets at all, I’ve got some ocean front property in Arizona I’ll sell you.
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It's the civil unrest that follows those events that could have affected prices. I'd interpret those gains not as a result of the events and the civil unrest but rather as an examination that they had little affect. When cities are on fire it's certainly worth considering whether or not it's a good time to add to or reduce positions.
 
#10,466
#10,466
What does this mean?

Federal Reserve Actions to Support the Flow of Credit to Households and Businesses

Reserve Requirements
For many years, reserve requirements played a central role in the implementation of monetary policy by creating a stable demand for reserves. In January 2019, the FOMC announced its intention to implement monetary policy in an ample reserves regime. Reserve requirements do not play a significant role in this operating framework.

In light of the shift to an ample reserves regime, the Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This action eliminates reserve requirements for thousands of depository institutions and will help to support lending to households and businesses.
 
#10,467
#10,467
Rasputin_Vol said:
What does this mean?

Federal Reserve Actions to Support the Flow of Credit to Households and Businesses

Reserve Requirements
For many years, reserve requirements played a central role in the implementation of monetary policy by creating a stable demand for reserves. In January 2019, the FOMC announced its intention to implement monetary policy in an ample reserves regime. Reserve requirements do not play a significant role in this operating framework.

In light of the shift to an ample reserves regime, the Board has reduced reserve requirement ratios to zero percent effective on March 26, the beginning of the next reserve maintenance period. This action eliminates reserve requirements for thousands of depository institutions and will help to support lending to households and businesses.
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Community banks where you have your checking and savings accounts will have no cash reserve requirements after the next fed policy update.
 
#10,469
#10,469
Rasputin_Vol said:
Yeah, what does that mean?
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The Feds make the banks retain a certain amount of deposits so that they can absorb bad loan losses. Those are their cash reserves. But they take away from the available cash pool to originate loans from.

So it sounds like the Feds are removing the requirements for cash reserves in hopes that banks will use the freed up money to originate more loans. Sounds like a horrible idea to me as any bank that doesn’t practice sound reserve policy is probably a bank I have no desire to do business with. Plus if the bank has no reserves I’d guess they’re only gonna originate low risk loans. So people in desperate need still wouldn’t get served anyway. Looks desperate to me but I’m no financial guru.
 
#10,470
#10,470
NorthDallas40 said:
The Feds make the banks retain a certain amount of deposits so that they can absorb bad loan losses. Those are their cash reserves. But they take away from the available cash pool to originate loans from.

So it sounds like the Feds are removing the requirements for cash reserves in hopes that banks will use the freed up money to originate more loans. Sounds like a horrible idea to me as any bank that doesn’t practice sound reserve policy is probably a bank I have no desire to do business with. Plus if the bank has no reserves I’d guess they’re only gonna originate low risk loans. So people in desperate need still wouldn’t get served anyway. Looks desperate to me but I’m no financial guru.
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I’m no guru either but it sounds like the fed is just making this up as they go to keep the system propped up. Fully admit I don’t understand the larger implications, fwiw.
 
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