Current Events > DOW drops another 450 points.

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Squall28
12/06/18 9:59:25 AM
#1:


Trade wars baby!

https://www.cnn.com/2018/12/06/investing/stock-market-today-dow-jones-huawei/index.html
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Solid Sonic
12/06/18 10:00:23 AM
#2:


I was really hoping this topic would be bait and switch.

Financial market conversations are THE height of boring.
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Doom_Art
12/06/18 10:01:06 AM
#3:


Thanks for nothing, Trump
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ManBeast462
12/06/18 10:02:02 AM
#4:


You dont even have anything in there though
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A_Good_Boy
12/06/18 10:02:06 AM
#5:


What did Trump do this time? Make another tweet saying that he's the Tariff-man?
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Giant_Aspirin
12/06/18 10:02:19 AM
#6:


this is somehow the fault of the Dems obv
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Squall28
12/06/18 10:02:52 AM
#7:


ManBeast462 posted...
You dont even have anything in there though


I lost $6k in two days. Feels bad man
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Darkman124
12/06/18 10:03:27 AM
#8:


Solid Sonic posted...
I was really hoping this topic would be bait and switch.

Financial market conversations are THE height of boring.


then dont post in them

i manage to not post in the 50+ threads per day about pop culture

Squall28 posted...
ManBeast462 posted...
You dont even have anything in there though


I lost $6k in two days. Feels bad man


relax

it's money you're not touching for a long time

of the $30,000 i have invested over the last month, one lot of 10k is flat, one is down 10%, one is down almost 30%

A_Good_Boy posted...
What did Trump do this time? Make another tweet saying that he's the Tariff-man?


ordered arrest of the CEO of huawei
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CharlesBronson
12/06/18 10:06:14 AM
#9:


Squall28 posted...
I lost $6k in two days. Feels bad man

lol your in the wrong investments i'm up $40 today
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A_Good_Boy
12/06/18 10:06:16 AM
#10:


Oh, thought that was 2 days ago. The days are just blending in together.
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Darkman124
12/06/18 10:07:37 AM
#11:


CharlesBronson posted...
lol your in the wrong investments i'm up $40 today

post your trades live or fuck off
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EndOfDiscOne
12/06/18 10:08:04 AM
#12:


Trump just pushed my retirement back another year
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CharlesBronson
12/06/18 10:08:55 AM
#13:


Darkman124 posted...
CharlesBronson posted...
lol your in the wrong investments i'm up $40 today

post your trades live or fuck off

lol 85% savings account 15% USFR sold all my stock in june lol
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SK8T3R215
12/06/18 10:08:59 AM
#14:


EndOfDiscOne posted...
Trump just pushed my retirement back another year

lmfao
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#15
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Darkman124
12/06/18 10:12:56 AM
#16:


Ex-Kefiroth posted...
Darkman124 posted...
ordered arrest of the CEO of huawei

Well, that's something I can get behind from him for once.


ish

timing is utter shit considering he's supposed to be negotiating the end of a trade war

the message investors are taking is "he was lying about ending it like he lies about everything else"
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Doom_Art
12/06/18 10:13:00 AM
#17:


Ex-Kefiroth posted...
Darkman124 posted...
ordered arrest of the CEO of huawei

Well, that's something I can get behind from him for once.

Yep. I got no problems with that. That company is shady as fuck.

It's just fun tying the falling numbers to Trump since he likes bragging about them when they go up
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Squall28
12/06/18 10:14:06 AM
#18:


Darkman124 posted...
relax

it's money you're not touching for a long time

of the $30,000 i have invested over the last month, one lot of 10k is flat, one is down 10%, one is down almost 30%


Yeah I know. I'm not really too worried because I'm not selling for a long time. But it is frustrating because the country is really shooting itself in the foot with all this.

lol your in the wrong investments i'm up $40 today


What do you own?
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spudger
12/06/18 10:14:56 AM
#19:


Fuck trump
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CharlesBronson
12/06/18 10:15:54 AM
#20:


Squall28 posted...

What do you own?

85% savings account 15% USFR
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Darkman124
12/06/18 10:16:36 AM
#21:


Squall28 posted...
Yeah I know. I'm not really too worried because I'm not selling for a long time. But it is frustrating because the country is really shooting itself in the foot with all this.

just remember that earnings season is in january and it's the real reason people speak of the 'santa claus rally'

if you think corporate earnings will significantly be impacted by the phony trade war, you might have reason to be a bear

i don't, which is why i bought small caps on their way down, and harder at their bottom. my bottom buy has been retested, but not broken lower.
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Coastal_elite
12/06/18 10:17:12 AM
#22:


Squall28 posted...
Trade wars baby!

https://www.cnn.com/2018/12/06/investing/stock-market-today-dow-jones-huawei/index.html


American companies are such traitors LOL.

"Chinese CEO arrested for doing shady stuff to American companies"
American companies: "The chinese are getting punished for messing with american companies!! THIS SUCKS! SELL STOCK NOW!!"
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Darkman124
12/06/18 10:18:19 AM
#23:


more to the tune of "the chinese are not going to trust trump and will cancel the trade war truce!"

news driven headlines are rarely the marker of good trend trades. today's drop was much less than tuesday's, like less than half.
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CharlesBronson
12/06/18 10:19:54 AM
#24:


Darkman124 posted...
today's drop was much less than tuesday's, like less than half.

lol wait til 3:00
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Darkman124
12/06/18 10:20:26 AM
#25:


CharlesBronson posted...
Darkman124 posted...
today's drop was much less than tuesday's, like less than half.

lol wait til 3:00


if you're so sure it'll drop more buy some SPY puts and post the trade live in this thread
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#26
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Darkman124
12/06/18 10:21:39 AM
#27:


Ex-Kefiroth posted...
There's probably just as good a chance everything will be positive by then.

i wouldnt expect to see green today, but news-driven drops are generally buying opportunities.

in general i would call this a good time to buy. when prices fell to similar levels in oct i also called it a good time to buy, and it was. but this time we're looking at the bottom of a defined trading range and we're here because of news rather than because of trend or technicals or fundamentals, so i would expect there's a better chance we'll see a bottom

unless, ofc, the bull market is officially over, in which case buy signals become sell signals, but i don't think that is the case. willing to consider it if we don't break above the present trading range by next earnings, though.
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BignutzisBack
12/06/18 10:23:37 AM
#28:


The market needs to rally by the New Year so I can get that part of my bonus
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Squall28
12/06/18 10:34:31 AM
#29:


BignutzisBack posted...
The market needs to rally by the New Year so I can get that part of my bonus


That's another thing. My company bases raises and bonuses on how well the stock is doing. We're in the gutter right now so I doubt I'm getting anything when the yearly review comes up.
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#30
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Squall28
12/06/18 10:43:03 AM
#31:


CharlesBronson posted...
Squall28 posted...

What do you own?

85% savings account 15% USFR


I've given up on bonds because of how damn slow they move. It doesn't even feel like it's worth the time at this point in my life. Maybe when I'm a few years away from retirement.
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Darkman124
12/06/18 10:48:31 AM
#32:


bonds and foreign indexes are the two places i am underweight

despite my terrible stock picks ive still done better than those sectors have overall
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#33
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Darkman124
12/06/18 10:54:05 AM
#34:


Ex-Kefiroth posted...
Oh shit, didn't you load up on GE like back in February? That's gotta sting.


i got out of that position when the stock went nuts on news of the CEO departure and 23b goodwill writedown. was able to only lose ~$9k net on my trades there. still no idea why "we fired our CEO" was good enough news to overcome "power is never going to recover and we are probably selling most of it"

re-initiated a smaller position at $10, though, after dividend cut, because i hate myself. imo stock is still worth $10, willing to hold a position of that size down to 2009 lows. at this rate, revisit of them seems likely.
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clearaflagrantj
12/06/18 10:55:31 AM
#35:


Head and shoulders almost complete on 1 year time frame for stock indexes, get ready for a dive down below the neckline and the official start of the crash.
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The Trent
12/06/18 10:55:55 AM
#36:


who cares, let's watch oil prices today after the saudis do their thing
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Ray_Dorset
12/06/18 11:34:09 AM
#37:


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Darkman124
12/06/18 11:45:10 AM
#39:


potential reversal on the 30min chart, let's see if they sell it hard
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FLUFFYGERM
12/06/18 11:45:44 AM
#40:


clearaflagrantj posted...
Head and shoulders almost complete on 1 year time frame for stock indexes, get ready for a dive down below the neckline and the official start of the crash.


dude what are you even blabbering about? lmao
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theAteam
12/06/18 11:46:39 AM
#41:


FLUFFYGERM posted...
clearaflagrantj posted...
Head and shoulders almost complete on 1 year time frame for stock indexes, get ready for a dive down below the neckline and the official start of the crash.


dude what are you even blabbering about? lmao


T E C H N I C A L A N A L Y S l S
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UnholyMudcrab
12/06/18 11:47:16 AM
#42:


We're like two hours into the day. What's the point in writing articles about it?
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Mr_MacPhisto
12/06/18 11:50:28 AM
#43:


I always see CE topics on here when the market dips, but then silence when it creeps back up again. Hmm.
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Darkman124
12/06/18 11:51:47 AM
#44:


Mr_MacPhisto posted...
I always see CE topics on here when the market dips, but then silence when it creeps back up again. Hmm.


ive penned some on runups

they dont get much attn
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Squall28
12/06/18 11:56:16 AM
#45:


Mr_MacPhisto posted...
I always see CE topics on here when the market dips, but then silence when it creeps back up again. Hmm.


Because creeps are slow.
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lesidesi
12/06/18 12:17:47 PM
#46:


proper markets day today, great for real traders
don't listen to T E C H N I C A L A N A L Y S l S

we got vol, not just in equities either
good pnl months lately for my book, might have one of my best trading years in a long time
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Darkman124
12/06/18 12:24:59 PM
#47:


lesidesi posted...
proper markets day today, great for real traders
don't listen to T E C H N I C A L A N A L Y S l S

we got vol, not just in equities either
good pnl months lately for my book, might have one of my best trading years in a long time


fixed income been mirroring equities since 1630 GMT?

i wish i had cash to put to work today. i went all in during the oct lows.
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wannabepranksta
12/06/18 12:30:34 PM
#48:


Darkman124 posted...
Solid Sonic posted...
I was really hoping this topic would be bait and switch.

Financial market conversations are THE height of boring.


then dont post in them

i manage to not post in the 50+ threads per day about pop culture

Squall28 posted...
ManBeast462 posted...
You dont even have anything in there though


I lost $6k in two days. Feels bad man


relax

it's money you're not touching for a long time

of the $30,000 i have invested over the last month, one lot of 10k is flat, one is down 10%, one is down almost 30%

A_Good_Boy posted...
What did Trump do this time? Make another tweet saying that he's the Tariff-man?


ordered arrest of the CEO of huawei

CFO*
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Darkman124
12/06/18 12:32:39 PM
#49:


yeah, good catch there^
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Broseph_Stalin
12/06/18 12:39:09 PM
#50:


Mr_MacPhisto posted...
I always see CE topics on here when the market dips, but then silence when it creeps back up again. Hmm.


Probably because that hasn't been happening.
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#51
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