Are We in the Early Stages of Baseman's Pull-Back?
Investors dumped equities at an impressive clip last week, with the negative fund flows suggesting the recent drop in equities could continue in the near-term, according to an analysis from Bank of America.
"Last week marked the fifth biggest weekly net sales (-$5.2B) by clients in history (since 2008) and the largest since November," Bank of America equity strategist Savita Subramanian wrote in a note Tuesday. "Market weakness could continue near-term. In the prior times weekly flows were this (or more) negative, the subsequent week's returns were -1% on avg/median ... with negative returns 75% of the time."
By type of investor, Bank of America also noted that retail clients were the only net buyers of equities last week, while institutional and hedge fund clients sold.
Do you want to be trading against the Hedge Fund current? Maybe @oregonblitzkrieg can let us know what's really going on.
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30% cash after exiting my Travelers and VNQ positions this morning in IRAs.
The knock out earnings by the banks followed by the fade trade last week suggests trouble ahead.
Time to pump the brakes when everybody is talking about the difference between Cryptos and $43B Palantir and 2000. Keeping my 10 shares of Coinbase. Glad I went small
Hold on to your good companies in your taxable accounts. Have dry powder. -
I'm sitting on mine, but will go all in on a sharp decline. College tuitions are behind me, 2 kids employed, one in grad school on the school's nickel, so cash squeeze is less of a risk for me going forward (knock on wood).Baseman said:30% cash after exiting my Travelers and VNQ positions this morning in IRAs.
The knock out earnings by the banks followed by the fade trade last week suggests trouble ahead.
Time to pump the brakes when everybody is talking about the difference between Cryptos and $43B Palantir and 2000. Keeping my 10 shares of Coinbase. Glad I went small
Hold on to your good companies in your taxable accounts. Have dry powder.
I just don't want to be the chucklehead who dumps in today only to watch it take a nose dive that takes four years to recover from ... then again, I don't want to be the guy on the sideline watching this bull continue his run.
I'm going conservative ... unless I can get in on Doogcoin. That's another matter altogether. -
Put some cash in today. Not a ton, but I almost can't resist when the phone app is solid red for everything I monitor.
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Buying the dip is tempting, but be careful of catching a falling knife. Best to phase in rather than going in all at once. I'd also look to buy at a golden cross (i.e., 50 SMA crosses 200 SMA). It'll signal a potential rally and help prevent you from going red immediately and panic selling into a loss.HHusky said:Put some cash in today. Not a ton, but I almost can't resist when the phone app is solid red for everything I monitor.
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Drip it in 5% at a timeHHusky said:Put some cash in today. Not a ton, but I almost can't resist when the phone app is solid red for everything I monitor.
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I believe so. Price action of banks since reporting has been Aful.
Did average down with Viac and Disca, but sitting tight to see what happens.
This market last 6-8 months has been bi-polar. Either the reopening trade is working and those stocks go higher why the Nasdaq underperforms, or the opposite happens.
Today was a day where everything except pharmaceuticals was thrown out. -
Market rallying today. Maybe premature.
I'll leave it to @DawgsCanDance , our resident Mensa on market data and patterns to sort this out. He's the guy who has the historical perspective and can translate timing with micro trends and turn it into a reasonable macro picture for those of us with Speed Limit IQs (credit to @HoustonHusky with that beauty, that is going into the rotation).
Creep -
So the Dow is at 34,000 plus or minus today. It boggles the mind
Just did a quick google and the Dow on Dec 31 1999 was 11,497
Going back to 26K would be a big haircut
Dropping to 20K would be a panic unseen since the 30's
The 1989 crash came with a market at a "record high" of 2,791. It dropped 190 and is still recalled to this day.
No point really. -
Well, one point: the basic predicate for a crash is a red-hot market.RaceBannon said:So the Dow is at 34,000 plus or minus today. It boggles the mind
Just did a quick google and the Dow on Dec 31 1999 was 11,497
Going back to 26K would be a big haircut
Dropping to 20K would be a panic unseen since the 30's
The 1989 crash came with a market at a "record high" of 2,791. It dropped 190 and is still recalled to this day.
No point really. -
He's always been a pussy so prob
