The Top of the market is Looming?

[qldfrog]

FOMO << BITH ....

The value of 'Fear of Missing Out' is significantly lower than 'Bird in the Hand'. Thus Happy to have some cash and not fear about missing a further possible rise .....

Gunnerguy

Bird in the hand ..thanks did not know the acronym

 

[over9k]

Here's your $64,000 question:



Are markets going to continue cascading from here? They've dumped from their peak on the news, but are they going to consider it a storm in a teacup or lose their collective minds?

 

[aus_trader]

Bird in the hand ..thanks did not know the acronym

Yeah man, I actually thought 'Bullet In The Head' before these guys explained it to us...

 

[over9k]

I'll repost this again:



And point out that even if you'd bought right at the end of sep or middle of feb or end of march, you'd still be deep in the green right now.

Honestly, even if things dump another 15% or so I'd just consider that yet another dip to buy. Australia's vaccine rollout might be abysmal and AU markets follow USA fairly strongly (about 0.75 correlation with the S&P last I checked) but USA's isn't.

In fact, if your holdings are in USD like mine, then we might very well see a relatively strong U.S market and a relatively shite AU one, which would bring strong exchange rate favourability as the AUD will tank.

Food for thought.

 

[gartley]

Well the headlines say the market was "spooked" by the Delta variant. MSM as always looking for reasons to justify what the market did on any given day.
Only problem is:
Just like its predecessor 18 months ago, this coronavirus version was in the news long before the markets tumbled.
The warning signs where there....

 

[aus_trader]

Interesting to see XAO has recovered fast after a little sell off this morning. So looks like there is some local buying support to backstop any fear coming from Wall St...

 

[frugal.rock]

Interesting to see XAO has recovered fast after a little sell off this morning. So looks like there is some local buying support to backstop any fear coming from Wall St...

Look into my crystal balls...

Market direction was clear before open, just had to get past last nights FEAR...? and the panic dumping on open.

 

[aus_trader]

Look into my crystal balls...

Market direction was clear before open, just had to get past last nights FEAR...? and the panic dumping on open.

View attachment 127604

Nice crystal ball, better than a psychic !

 

[qldfrog]

Look into my crystal balls...

Market direction was clear before open, just had to get past last nights FEAR...? and the panic dumping on open.

View attachment 127604

I do not have much trust in the crystal ball..i usually look at the nyse future before open, and not sure i have seen such a good correlation between future and actual values at the end of the session...
Anyway, my systems do the decision and they are very cautious...
4 out of 6 100pc cash, 5th no buy mode, 6th is agressive and would trade in the middle of a hurricane ?
But none of the 2 which can do it have engaged the bear mode...
For what these are worth..not much

 

[divs4ever]

Yeah man, I actually thought 'Bullet In The Head' before these guys explained it to us...

in this crazy mixed up current world that makes sense too ( and it made laugh .. good one )

 

[divs4ever]

Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead

Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead By Reuters

Bubbles, bubbles everywhere: Jeremy Grantham on the bust ahead

www.investing.com

but then somebody rushes onto the field and finds a new way to kick the can

what SHOULD happen and what does happen seem to be light years apart

i have SOME reserve cash , but have some juicy positions in some places ( up more than 400% )

keep what i have and try for a bargain or two looks like my best option

good luck everyone

 

[over9k]

@divs4ever I deployed my last remaining cash into BTU & SPCE at the open dip yesterday. SPCE is up 12%, BTU is up 7%, and the futures for all the indices are deep into the green.

You'll be fine

 

[divs4ever]

i have been in the share-market since 2011 ( actually very late 2010 ) and haven't been in a REAL crash yet ( March 2020 was more ' too many things to buy ' rather than panic , to me )

however i am now retired so can't afford a near total wipe-out

i would rather have a margin of safety ( than not )

cheers

 

[aus_trader]

i have been in the share-market since 2011 ( actually very late 2010 ) and haven't been in a REAL crash yet ( March 2020 was more ' too many things to buy ' rather than panic , to me )

however i am now retired so can't afford a near total wipe-out

i would rather have a margin of safety ( than not )

cheers

Yeah, having a bit of cash on the side is not a bad idea in that case.

Now to the markets.

So with the daily monitoring of the markets, Wall street has pretty much clawed back yesterday's losses:


We could have a few runs on the board when asx starts trading in the morning...

 

[noirua]

 

[qldfrog]

Yeah, having a bit of cash on the side is not a bad idea in that case.

Now to the markets.

So with the daily monitoring of the markets, Wall street has pretty much clawed back yesterday's losses:
View attachment 127621

We could have a few runs on the board when asx starts trading in the morning...

Here we go again another market at the top and an economy growing less than the artifical injection of cash should be aka a depression hidden..
Happy the systems did not switch to bear...we should see big jumps today

 

[over9k]

Good morning, people who did not deploy all of their remaining cash yesterday.



(You know I've gone & jinxed it now)

 

[aus_trader]

We could have a few runs on the board when asx starts trading in the morning...

asx having a good day...

 

[divs4ever]

Good morning, people who did not deploy all of their remaining cash yesterday.



(You know I've gone & jinxed it now)

i still have some cash reserves despite trying to find better spots to deploy it , i also hold at least 3 current take-over targets ( that i would rather not succeed , i prefer offers with a scrip component )


maybe i am too demanding but only bought a few EVN yesterday and a few RKN ( so far ) today

sigh just a test of patience , i guess ( more divs coming near the end of the month as well )

 

[over9k]

Told you it was a dip buying opportunity.