Sell in May and Go Away?

[krisbarry]

Here it is girlfriends...that correction that I was talking about, started already

You little ripper....down we go

 

[YOUNG_TRADER]

Here it is girlfriends...that correction that I was talking about, started already

You little ripper....down we go

lol a bit pre mature, that happen often for you? :

ITS BUDGET NIGHT TONIGHT AND WE CAN EXPECT A WINDFALL

 

[dj_420]

Here it is girlfriends...that correction that I was talking about, started already

You little ripper....down we go

hahahaha you have been sitting on cash since december and calling this correction every day, eventually the ASX will have a red day.

i dont think you realise how much money is sidelined waiting to get in just like yours!

DOW is up so doesnt look to red.

 

[YOUNG_TRADER]

I know DJ, isn't it funny?

Whats even funnier is that today is a healthy pause for the XAO after surging the last 4 days

Like DJ said you'll get it right one day STC (perhaps soon )

 

[Uncle Festivus]

Short term it all depends if the market has factored in a rate reduction in the US. If the Dow advance has already priced in a cut and the rate stays steady then we might have the first real consolidation, & flow on to the ASX.
But as the Fed has a habit of lagging the market I'm punting on rates on hold & small correction Thursday/Friday?

 

[krisbarry]

lol a bit pre mature, that happen often for you? :

ITS BUDGET NIGHT TONIGHT AND WE CAN EXPECT A WINDFALL

Upward pressure on inflation comes from these wild windfalls, we have see it all before!

RBA will be ready to backflip soon enough as people start to spend their tax cuts and raise rates

 

[krisbarry]

hahahaha you have been sitting on cash since december and calling this correction every day, eventually the ASX will have a red day.

i dont think you realise how much money is sidelined waiting to get in just like yours!

DOW is up so doesnt look to red.

No just sitting on cash since May 2nd, I am happy with that

 

[Kauri]

No just sitting on cash since May 2nd, I am happy with that

I noticed that previously you were regularly posting the value of your funds in the super fund. Just out of interest, if you can find it,what would the difference in value be between May 2 and yesterday??

 

[krisbarry]

I noticed that previously you were regularly posting the value of your funds in the super fund. Just out of interest, if you can find it,what would the difference in value be between May 2 and yesterday??

This is the latest update I have and that is for the 3rd of May

Cash position $46,064 + $33 interest = $46,097

if kept in fund I would have $46,209

So I am down by $112 at the moment.

 

[nizar]

I noticed that previously you were regularly posting the value of your funds in the super fund.

LOL. Weird isnt it?
Notice how nobody else does this

I agree with Uncle F regarding US markets.
I dont think a rate cut is priced in.
If Ben says some sweet words that rate cut possible during the year then it could be all good?

 

[chops_a_must]

I agree with Uncle F regarding US markets.
I dont think a rate cut is priced in.
If Ben says some sweet words that rate cut possible during the year then it could be all good?

I'm not so sure Niz. The markets are all looking very very nervous right now. It's a 50/50 call from here as to where they head this week. But I reckon we're in for some short term volatility.

 

[UMike]

lol a bit pre mature, that happen often for you? :

ITS BUDGET NIGHT TONIGHT AND WE CAN EXPECT A WINDFALL

Especially for a certain Childcare business.

 

[nomore4s]

Here it is girlfriends...that correction that I was talking about, started already

You little ripper....down we go

Never seen anyone so keen on a correction.
I'm a bit unsure of whether you want a correction or a major crash, because in the overall scheme of things, last May was barely a bump considering what has happened since.

 

[Out Too Soon]

Well I'm looking forward to a correction now as I"m out of nearly everything (except BON) . I'll just be cautious that a correction isn't the precursor to a bigger crash Maybe I''l wait until June to reinvest again

 

[nizar]

Maybe I''l wait until June to reinvest again

Good thinking.
The markets should be just about ripe for a correction as soon as you become fully invested again!

 

[nomore4s]

Good thinking.
The markets should be just about ripe for a correction as soon as you become fully invested again!

lol Nizar I was thinking the same thing, what if the correction comes in June this year, it's only about 2 weeks away.

 

[2020hindsight]

hey, now the bludy DOW has gone mad again!

I keep trying to get a few more bets on, - but on my terms lol - being hopelessly optimistic, keep placing "buys" a few points under market, and that's where they tend to fall to sleep lol.

Sometimes the graph comes down like a great eagle and picks up about a third (or a tenth) of what I wanted , so I find that I've bought - ohh great !! 681 YML shares at 36 or 37c for example.

This picking the correction bit is worse than trying to pick which lane will be fastest going to work.
or standing round the barbq trying to pick which way the wind will blow.

In my case at least, speaking philosophically, it's like a blind man trying to find a black cat that isn't there in a pitch black room.

(then again, maybe I'll find religion -..... and the cat as well )

 

[2020hindsight]

all those who said the first half of May just lost their bets for a start

 

[Out Too Soon]

Good thinking.
The markets should be just about ripe for a correction as soon as you become fully invested again!

LOL! That'd be right
Of course todays drop broke lower resistance line & it's only Thursday whereas there's normally a bit of a pull back on Friday soooo maaayyybe!

We'll see!

 

[Out Too Soon]

hey, now the bludy DOW has gone mad again!

This picking the correction bit is worse than trying to pick which lane will be fastest going to work.
or standing round the barbq trying to pick which way the wind will blow.

2020, an optimist like you should know it doesn't matter which side of the bbq you're on; if the smokes blowin' away from you, fine- if the smokes blowin' all around you it's keepin' the mossies off- also fine, so have another beer & be happy.