Stocks: Market Crash Looming

[oyarde]

Dow down more than expected , it is early though in the day . Still , Gold should push through 1320.00 .

 

[oyarde]

Looks like the Nikkei is still up 1 3/4 percent for the year , the Dow 6 percent for the quarter 8 percent for the year. I will just keep using the locked 4 percent I get for a few dollars and reinvest the rest in something different .

 

[oyarde]

Dow up 220 this morning , S & P pretty flat .

 

[oyarde]

Without looking the Dow is probably about where it was this time last year .

 

[Zippyjuan]

Without looking the Dow is probably about where it was this time last year .

It has been hanging out near 24,000- 26,000 for quite a while now (since January, 2018). Trump wants the Fed to juice the money supply to make it go higher and higher.

 

[oyarde]

It has been hanging out near 24,000- 26,000 for quite a while now (since January, 2018). Trump wants the Fed to juice the money supply to make it go higher and higher.

Five quarters and no money made . Americans are not very patient . Wonder where they dump it next ?

 

[specsaregood]

Five quarters and no money made . Americans are not very patient . Wonder where they dump it next ?

My investments are making money, an average of 8% dividend yield, higher if you consider my buy price. The market could keep going sideways all year and I'd be fine with it.

 

[oyarde]

8 percent is good and you are at an age where it is important to make some . At my age I just rather not lose any . I can get a guaranteed four from my savings account at my Life Ins co so I put a little in there and pay my property taxes and buy ammo and gold with the rest . I am having fun .

 

[Zippyjuan]

My investments are making money, an average of 8% dividend yield, higher if you consider my buy price. The market could keep going sideways all year and I'd be fine with it.

8% yield is pretty high. Usually that means higher risk investments. I do like dividend investments though. You make money no matter what the stock price does. I have a couple in DRIPs where the dividends are automatically rolled over into more shares (and come with little to no fees even on additional purchases).

 

[specsaregood]

8% yield is pretty high. Usually that means higher risk investments. I do like dividend investments though. You make money no matter what the stock price does. I have a couple in DRIPs where the dividends are automatically rolled over into more shares (and come with little to no fees even on additional purchases).

Meh, I consider the entire stock market high risk since you are depending on other people to do something with your money. But there are plenty of pretty safe stocks you can get in the 8% or higher range. Especially if you wait to buy them when they go down unreasonably along with the entire market. But yeah, I own only a handful of stocks that don't pay decent dividends 4.5%+.

 

[Krugminator2]

A little turmoil in Brazil. Their market etf EWZ at 38.5 after hours down almost 8% today. Usually a good idea to buy panic.

 

[Krugminator2]

Brazil up 8% in two days.

 

[Krugminator2]

Market probably a buy with a half position here at 282.5 and hold for small rally. Maybe sell first up close vs previous day. Add if Monday opens down big.

 

[Krugminator2]

Market probably a buy with a half position here at 282.5 and hold for small rally. Maybe sell first up close vs previous day. Add if Monday opens down big.

SPY at 288.4 four hours later.

 

[Krugminator2]

@specsaregood

My hold time is pretty short. So I am the wrong person to ask. But since you did ask...

USAS in the low 2s high 1s might be worth a look. https://www.americassilvercorp.com/site/assets/files/4951/2018q2fs.pdf

Trades right at book value. Their primary business was silver but mining silver is unprofitable at these prices. The company figured out how to survive by focusing on lead and zinc production and if silver prices ever recover they will be in position to take advantage. Silver is at 2006 levels right now. Seems at least possible Silver could trade up over the next few years.

This company could be dead money for a year and could easily get cut in half. But could also trade up to 4.5-5 if mining stocks catch fire. It is a real company which distinguishes itself from almost all penny stocks and especially junior miners.. It will probably take a while for things to play out.

 

[Krugminator2]

It is funny there no gold threads right now when it actually makes sense to be a gold bull. There were all sorts of them in 2013 during euphoria. A couple of interesting factoids.

Here is the average return of gold miners when you have selloffs like this.

And the first time big speculators have been net short gold futures since 2002 which preceded a like 1000% runup in gold.

 

[r3volution 3.0]

Bonds are screaming recession.

The only question is whether they get it and then the Fed prints; or the Fed prints and it's avoided.

Either way, the Fed's printing, which is why gold and silver are shooting through the roof.

 

[Zippyjuan]

My tiny position on ALO is getting killed and only because their quarterly earnings weren't to "Wall St Expectations". Still profitable, still extracting metals but share price knocked into the dirt and will probably be delisted soon. These markets are so messed up.

On the "bright side", the indexes will absolutely start tanking before the end of August. We won't have to wait too much longer for the illusion to finally start to crumble.

Are we "tanking" yet?

 

[devil21]

Are we "tanking" yet?

Nope, just treading water via tweets and Kudlow interviews (aka PPT and headline reading algos manipulation). Dollar purchasing power is tanking, instead. I thought the -800 day could be the start but when the PPT and the algos are in full control during a major paradigm shift, predictions are pointless. The FRN dollar itself is the biggest illusion...

 

[Zippyjuan]

Nope, just treading water via tweets and Kudlow interviews (aka PPT and headline reading algos manipulation). Dollar purchasing power is tanking, instead. I thought the -800 day could be the start but when the PPT and the algos are in full control during a major paradigm shift, predictions are pointless. The FRN dollar itself is the biggest illusion...

What is the current inflation rate? How much has dollar purchasing power tanked?