Home › Forums › Financial Markets/Economics › The Donald Trump, Illegal Alien, Foreigner, Immigrant Bitch and Moan Thread
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no_such_reality.
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June 23, 2016 at 9:10 PM #798992June 23, 2016 at 9:12 PM #798993
SK in CV
ParticipantIt was good timing. Gold futures peaked at $1362.60 about 20 minutes ago and are now off that by $20. Make that $40 now that I’ve finished typing.
S&P were about $5 off limit down and finally turned around. Looks like the panic might be over. I think $2000 will have quite a bit of support. It’s gonna be a long night. I’ve been in and out 3 or 4 times.
This is way more than I expected, though I also suspect it’s pretty temporary. They’ve got 2 years to figure it out. But this is how the market reacts when low information voters rule. Expect the same thing on November 9 if Trump has any chance. Businesses deal quite well with uncertainty. The financial markets, not so much.
June 23, 2016 at 9:22 PM #798994ltsddd
ParticipantI’ll be buying UDOW
June 23, 2016 at 9:27 PM #798995
CoronitaParticipantDow down 500 points… I guess it’s safe to assume no rate hike for the rest of 2016, lol….
UDOW is bad idea right after a drop. The issue we don’t know how irrational the market is going to be on the way down….Sell in may looks like it was not a bad idea afterall.
June 23, 2016 at 9:30 PM #798996CoronitaParticipantWhat is VIX doing right now? Where can I see this?
Is it more likely we’re going to get a heck of lot more volatility over the next few weeks, as this thing flushes out?
My limited understanding is that even if the popular vote is to leave, it’s not technically legally binding…I’m just wondering if they really are going to do this or if it’s going to be like a GrExit in which eventually no exit occurs.
June 23, 2016 at 9:35 PM #798997ParticipantDow futures were down almost $700, down $667 this moment.
Circuit breaker kicked in on S&P futures at $1999. It may be closed for the night.
June 23, 2016 at 9:42 PM #798998CoronitaParticipantI think my luck this time prevented me from taking a $40k bath tomorrow….As much as I wished I went 100% into cash yesterday, it’s unrealistic to think that I would have done this..Because if BrExit went the other way, I would have been kicking myself for selling…..
The only question now is, when should we re-enter the markets…..After November, when we are sure Trump didn’t win? I figure if Trump does win, we probably will get another mini correction, just as a reaction…
June 23, 2016 at 9:43 PM #798999utcsox
ParticipantIs the 30-year mortgage rate going to drop to new low?
June 23, 2016 at 9:46 PM #799000CoronitaParticipant[quote=utcsox]Is the 30-year mortgage rate going to drop to new low?[/quote]
I guess more appropriate question is…When is UK going to introduce negative interest rates, like the Swiss…And more importantly, are we ever going to attempt that here? Lol…
BUT, I think I just found where to go on vacation next…London…Seems like now that the british pound just nose-dived 10-11% overnight, things are looking pretty appealing for the USD, lol…
June 23, 2016 at 9:48 PM #799001ParticipantI think it will bounce back to close to where we are in 6 weeks. Nothing happened. Unless 3 or 4 other countries decide to start talking about doing the same thing. Ford isn’t going to sell fewer cars. Google and Facebook aren’t going to stop selling advertising. Cat isn’t going to stop selling heavy equipment in China. Good thing is the UK never adopted the Euro. That would have been a pain to unwind. I could change my mind by 6:30 but this could be an opportunity.
June 23, 2016 at 9:53 PM #799002CoronitaParticipant[quote=SK in CV]I think it will bounce back to close to where we are in 6 weeks. Nothing happened. Unless 3 or 4 other countries decide to start talking about doing the same thing. Ford isn’t going to sell fewer cars. Google and Facebook aren’t going to stop selling advertising. Cat isn’t going to stop selling heavy equipment in China. Good thing is the UK never adopted the Euro. That would have been a pain to unwind. I could change my mind by 6:30 but this could be an opportunity.[/quote]
…and if trump wins??? 🙁
Hey, just playing the worst case scenario…People didn’t think BrExit was going to happen..So I’m not going to discount a trump with either. Seems like the world’s pendulum is swinging toward “low-information stupid”
June 23, 2016 at 10:08 PM #799003moneymaker
ParticipantIs it time to buy back in? Or should I wait for the real exit?
June 23, 2016 at 10:13 PM #799004Participant[quote=flu]…and if trump wins??? 🙁
Hey, just playing the worst case scenario…People didn’t think BrExit was going to happen..So I’m not going to discount a trump with either. Seems like the world’s pendulum is swinging toward “low-information stupid”[/quote]
Completely agree. I’m still pretty confident it can’t happen…. but then, H. L. Mencken said 90 years ago.
“No one in this world…has ever lost money by underestimating the intelligence of the great masses of the plain people.”
he continued…
“The mistake that is made always runs the other way. Because the plain people are able to speak and understand, and even, in many cases, to read and write, it is assumed that they have ideas in their heads, and an appetite for more. This assumption is a folly.”
June 23, 2016 at 10:23 PM #799005CoronitaParticipant[quote=moneymaker]Is it time to buy back in? Or should I wait for the real exit?[/quote]
I think I’m going to try a different strategy this time. Knowing that I won’t know exactly when is a good time to buy, maybe I’ll try to feather in purchases over the next few months, with some tomorrow/monday…Some a month later and some two monhs later, etc.
June 23, 2016 at 10:41 PM #799006Participant[quote=moneymaker]Is it time to buy back in? Or should I wait for the real exit?[/quote]
I did sell in May and I am 85% cash. So, yes, I will be moving some of that back into stocks tomorrow.
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