Investments/Stocks & the Wall St. Casino

by tootired2care 16 Replies latest social physical

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  tootired2care

  The stock market has had a big run-up over the last few years. I believe this is in large part because the Federal Reserve and Treasury dept. have been pumping it up with fake money--you may disagree. With the DOW and S&P near record highs, I'm torn If I should pull out or stay put. What are your thoughts on investing at this point? Hold-em or fold-em?

  What are you investing in these days, and what you've found successful or not in this brave new investing world, where good fundamentals don't really exist? I've recently started doing target date ETF's, and they have performed fairly well 3-6% monthly gains. I'm concerned that another crash like 08 may be just around the corner though.
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  Think About It

  What are your thoughts......

  I also agree that the Fed has been propping up the market with QE money. How long until that bubble will bust no one knows. I hate giving others financial advice, but I will throw a few questions out there to consider.

  Just ask yourself how much higher you think the current market will go, and are you willing to risk what you currently have to gain that extra percentage? Think who will position themselves to gain the most if the market continues to rise, verses who will position themselves to gain the most if the market tanks again? What do you wish you would have done right before the last time the market was at an all time high?

  Disclaimer: I went heavily short in early 2008. Currently, I have been buying the dips and selling the spikes, while building a heavy short 3X ETF position again.
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  tootired2care

  @think

  Great questions, I also did some shorting in 08 with QQQQ, FAZ and a few others. I remember once in 08 I bought into SDS and made a 3.5K profit in one day. I've never been able to repeat that kind of a one day gain again though. I must say you're quite brave for shorting with the FED pump going, but I have recently thought about shorting again too. What 3x fund are you using?
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  soontobe

  With the market manipulation, who knows? It all comes down to what's next from Benny and the inkJets. For what it's worth, the old adage is "sell in May and go away." Maybe not a bad idea doing that with broad market ETFs, although not necessarily for specific stocks. I've done very well with biotech this year.
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  tootired2care

  @soon - are you doing biotech ETF's or individual companies, and which ones?
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  Patrick45

  The good thing in this bad game is that de FED has unlimited credit in this game and they totally control it. If there is a gameplan, and I believe there is one, its hard to tell whether there will be a crash soon or only in a few years. NWO agenda is real imo. Preps are going on in a quiet and steady way. Sober analysis might help but most important will be to catch the waves and to watch for the sector rotation. Take care, its a shark infested pool.
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  Satanus
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  soontobe

  @soon - are you doing biotech ETF's or individual companies, and which ones?

  I do individual companies. Mostly pre-commercial. I'll PM you a few tickers I think could do well from here on through the end of the year because of upcoming clinical and regulatory events.
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  Think About It

  I must say you're quite brave for shorting with the FED pump going, but I have recently thought about shorting again too.

  I'm a trader. There is money to be made trading both sides of the market. Today has been a good day to be short, therefore I have sold some profitable positions today. I will buy those shorts back if the market goes back up. I also took some small long positions as insurance, and will sell them if the market bounces back up. My main game plan is to make money trading daily if I can, but to ensure that capitol is protected from a major drop at all costs. The higher this market goes the bigger short position I will take, and wait to see what happens.
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  tootired2care

  @patrick & @satanus

  I agree, but the jehobah left us high and dry, and we have to play the game if were gonna have any hope at a decent retirement. Hopefully we can help each other out a little in that regard.

  @soon - Thanks for those.

  @Think - So are you able to just trade stocks for a few hours a day, and make a enough to live on or do you work too?