Big day tomorrow on the stock market, me thinks.

[Coronita]

House passes fiscal cliff bandaid…..

[carlsbadworker]

Future is up a lot. Maybe I will get a chance to cash some stock to remodel my new house this month.

[SK in CV]

[quote=carlsbadworker]Future is up a lot. Maybe I will get a chance to cash some stock to remodel my new house this month.[/quote]

When you posted that, the only futures that were open were Asia. But when US stock futures opened at 4 AM west coast time, they were up over 1.5%. Now S&P up almost 1.9%, NQ up over 2% and the TF up over 2.4%. All btw, higher than they were on election day. Weeeeeeeeeeeeeee.

[Coronita]

and once again. the ones that are gonna lose are people holding on to just cash…Hurry up and open, markets…….

[carlsbadworker]

I am pretty sure that US stock future opens at Sunday night. The New York market maybe is closed but people can trade US future from Asian or European market.
Next time, check here on Sunday night: http://www.bloomberg.com/markets/stocks/futures/

[SK in CV]

[quote=carlsbadworker]I am pretty sure that US stock future opens at Sunday night. The New York market maybe is closed but people can trade US future from Asian or European market.
Next time, check here on Sunday night: http://www.bloomberg.com/markets/stocks/futures/%5B/quote%5D

Yes they do, normally. More like Sunday afternoon. But they closed Monday an hour after the cash close, until 4 AM west coast time for the new year’s day holiday. Forex trading resumed yesterday afternoon, before Asian markets opened.

[spdrun]

Can’t wait for Europe to start playing up again.

[The-Shoveler]

OK so now what !
I think we are sitting just about where we were last year at this time, same possible black swan’s still out there etc…
Don’t see a lot other than slow growth myself so I don’t see why everyone got so excited over this cliff deal.
Still on the side lines for now.

[SK in CV]

[quote=The-Shoveler]OK so now what !
I think we are sitting just about where we were last year at this time, same possible black swan’s still out there etc…
Don’t see a lot other than slow growth myself so I don’t see why everyone got so excited over this cliff deal.
Still on the side lines for now.[/quote]

Is the “side lines” an extraordinarly low yielding savings account or something similar? If so, you missed out on a lot. NQ and S&P up around 10%. Dow up 5% with a median yield of almost 3%. If you forsee the same slow growth in 2013 as we had in 2012, the sideline is not where you want your money.

[The-Shoveler]

Well in this case I am talking about just my 401K money for the most part.
Could be my age making decisions for me here as well,
I would rather wait for a big decline (some type of Black swan thing) before jumping in than be in and see Iran on the news one morning before the market opens. Or some other event.
On Iran, what would be worse for the markets?
1) Iran were to one day announce they have nuclear capability and no longer will they be at the mercy of western powers,
2) Iran were to announce full on war after some kind of attack.

Pick your poison,

[desmond]

Shov, don’t listen to the “your losing if your in cash” or “sitting on the sidelines is not where you want to be”. Everybody has a different tolerance for investing. You might want to make smaller scheduled investments into the market and not be so concerened waiting for “something to happen”. I just advised my son to start this years new 401k contributions into the market. (He will keep his current savings in cash). Where you don’t want to be is with losses or no savings at all……….

[Coronita]

indexes turned positive. I think it’s gonna make a break for a run up…or not…meh. who cares.

[SK in CV]

[quote=flu]indexes turned positive. I think it’s gonna make a break for a run up…or not…meh. who cares.[/quote]

Sweet edit 🙂

Right after you originally posted this comment I asked my chart watching friend if $1,460 on the S&P futures meant anything. She said no. (I think maybe she lied to me.) $1,447.50 was her number and we blew through that yesterday morning. She made money all day and night going long, tick by tick, but just coincidentally? (i think not), went short the moment it hit $1,460 and made a few more bucks. Now she’s flat and taking a nap. I think she knows things she doesn’t share.

Or not.

[Coronita]

[quote=SK in CV][quote=flu]indexes turned positive. I think it’s gonna make a break for a run up…or not…meh. who cares.[/quote]

Sweet edit 🙂

Right after you originally posted this comment I asked my chart watching friend if $1,460 on the S&P futures meant anything. She said no. (I think maybe she lied to me.) $1,447.50 was her number and we blew through that yesterday morning. She made money all day and night going long, tick by tick, but just coincidentally? (i think not), went short the moment it hit $1,460 and made a few more bucks. Now she’s flat and taking a nap. I think she knows things she doesn’t share.

Or not.[/quote]

I don’t care. Up or down .I figured I’m gonna stop trying to predict what I can’t predict. Who am I kidding 🙂

All I care is about generally the runup in some techs right before CES….

[carlsbadworker]

End of QE coming?

From Fed minutes: “In considering the outlook for the labor market and the broader economy, a few members expressed the view that ongoing asset purchases would likely be warranted until about the end of 2013, while a few others emphasized the need for considerable policy accommodation but did not state a specific time frame or total for purchases. Several others thought that it would probably be appropriate to slow or to stop purchases well before the end of 2013, citing concerns about financial stability or the size of the balance sheet. One member viewed any additional purchases as unwarranted.”

[Author]

Posts