Octopus Overlords

Carpet_pissr wrote: Mon Feb 05, 2018 5:30 pm This is the correction you're seeking.

Maybe now time to buy more AMZN. Or tomorrow.

Pyperkub wrote: Mon Feb 05, 2018 6:18 pm

Carpet_pissr wrote: Mon Feb 05, 2018 5:30 pm This is the correction you're seeking.

Maybe now time to buy more AMZN. Or tomorrow.

Is it just me who sees $1k+/share and thinks it's not worth it, even if the money invested would be the same if it were 100 shares @ $10+/share? It's the same portion of the damn company, so it *shouldn't* make a difference, and yet it does.

I suspect that a side benefit is that it makes it *appear* to be a premium/elite stock...

Edit: FWIW, down another $11/share (00.79%) in after hours trading so far...

Carpet_pissr wrote: Mon Feb 05, 2018 6:41 pm

Pyperkub wrote: Mon Feb 05, 2018 6:18 pm

Carpet_pissr wrote: Mon Feb 05, 2018 5:30 pm This is the correction you're seeking.

Maybe now time to buy more AMZN. Or tomorrow.

Is it just me who sees $1k+/share and thinks it's not worth it, even if the money invested would be the same if it were 100 shares @ $10+/share? It's the same portion of the damn company, so it *shouldn't* make a difference, and yet it does.

I suspect that a side benefit is that it makes it *appear* to be a premium/elite stock...

Edit: FWIW, down another $11/share (00.79%) in after hours trading so far...

In reading about reasons for splitting a stock, that is one usually listed, FWIW. Such a high price per share might make some retail investors balk, if for no other reason than psychological.

Pyperkub wrote: Mon Feb 05, 2018 6:18 pm

Carpet_pissr wrote: Mon Feb 05, 2018 5:30 pm This is the correction you're seeking.

Maybe now time to buy more AMZN. Or tomorrow.

Is it just me who sees $1k+/share and thinks it's not worth it, even if the money invested would be the same if it were 100 shares @ $10+/share? It's the same portion of the damn company, so it *shouldn't* make a difference, and yet it does.

I suspect that a side benefit is that it makes it *appear* to be a premium/elite stock...

Edit: FWIW, down another $11/share (00.79%) in after hours trading so far...

Carpet_pissr wrote: Mon Feb 05, 2018 6:41 pm In reading about reasons for splitting a stock, that is one usually listed, FWIW. Such a high price per share might make some retail investors balk, if for no other reason than psychological.

“Because the Obama economy was so weak all of these years, we had just artificially cheap money,” Hannity said, referring to a Fox News analysis he had seen on the cable network.

He explained that “cheap money” is from borrowing at “ridiculously low rates,” which he added must now end.

“The government has artificially, the Fed has artificially, kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”

Then, he declared that the plunge ― which saw stocks erase all their 2018 gains ― is actually good.

“In many ways, it’s a sign of the strength of the economy more than anything else,” he said in comments posted online by Media Matters.

Carpet_pissr wrote: Mon Feb 05, 2018 8:56 pm About 15% retail investors for Amazon from what I can tell.

LawBeefaroni wrote: Tue Feb 06, 2018 9:49 am XIV went from over $100 to around $4 yesterday. Hearing that liquidation is next. Short VIX? Really?


XIV Black swan.

Carpet_pissr wrote: Tue Feb 06, 2018 11:01 am FWIW, after buying more GM this morning, and averaging out the gains, my GM shares are up 23%, and my long held Ford shares are down the exact same %. Not sure what to make of that, if anything. Get yer shit together, Ford?

LordMortis wrote: Thu Feb 08, 2018 3:45 pm Over 10% in about a week. Now December and January's gains are no longer there. If SPY dips below 260, it will be tempting to pull some of my future car money and gamble on timing...

...

Edit and below 260 we go but I'm not playing the game of trying to arrange a deposit with ten minutes before the bell.

Fed Chair Janet Yellen noted that while tax cuts are likely to boost demand in the economy, she also expects a lower corporate rate and tax incentives for investment to boost supply and, potentially, productivity, curbing their inflationary impact.

Yellen did raise a longer-term concern about tax cuts adding to U.S. public debt, "taking what is already a significant problem and making it worse." She added that Congress may have less "fiscal space" for stimulus to help lift the economy out of future recessions.

Carpet_pissr wrote:BUY BUY BUY

malchior wrote: Fri Feb 09, 2018 7:25 am What a week so far. It is leaving me to wonder if something bigger isn't going on. We'll see eventually after it stabilizes but right now it looks like a lot of people got caught off-sides. This doesn't feel like portfolio reallocation or pure algo trading solely at this point. I'm almost on board with the VIX/hedge fund theory that some are kicking around in finance world.

We have all heard the VIX or volatility index referred to as the Fear Index or Fear Gauge. Rising VIX was meant to signal fear in the markets. That is how most investors have historically thought about VIX and traded it (directly or through Exchange Traded Products).

Ever since Simon Potter's 2012 arrival as head of The NYFed's trading desk, the manipulation of VIX (and thus its reflexive levered tail wagging the algo-driven dog of the indices) has been front-and-center day-after-day in the so-called US equity 'market'. Since the introduction of VIX ETFs there has been an almost inexhaustible supply of conspiracy theory coincidental evidence of a mysteriously well-capitalized market participant always willing to step on the neck of any volatility-spike, thus protecting poor market participants from any prospective plunge

Zaxxon wrote: Fri Feb 09, 2018 2:18 pm

Carpet_pissr wrote:BUY BUY BUY

Yep.

Rosenberg noted how the yield on the 10-year Treasury note rose 16 basis points during the drop.

"I cannot tell you how rare a market condition this is – that yields are rising into this risk pullback," he wrote in a note to clients Friday.

Rosenberg cited how bonds rallied during the financial crisis in 2008 when the market fell and during other big corrections.

"But not this time. This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994," he added. "What these periods had in common was Fed tightening concerns, jitters over economic overheating and an ever-flatter yield curve. One of these years had a huge correction and one had massive volatility and rolling corrections. Pick your poison."

noxiousdog wrote: Fri Feb 09, 2018 5:28 pm This correction is well overdue. The S&P 500 PE was 25.45 at the end of 2017. The median is 15.

Or maybe this time it's different.

noxiousdog wrote:

Zaxxon wrote: Fri Feb 09, 2018 2:18 pm

Carpet_pissr wrote:BUY BUY BUY

Yep.

Careful

Rosenberg noted how the yield on the 10-year Treasury note rose 16 basis points during the drop.

"I cannot tell you how rare a market condition this is – that yields are rising into this risk pullback," he wrote in a note to clients Friday.

Rosenberg cited how bonds rallied during the financial crisis in 2008 when the market fell and during other big corrections.

"But not this time. This rare occurrence of bond yields rising even as stock markets decline was a feature in 1987 and 1994," he added. "What these periods had in common was Fed tightening concerns, jitters over economic overheating and an ever-flatter yield curve. One of these years had a huge correction and one had massive volatility and rolling corrections. Pick your poison."

Pyperkub wrote: Fri Feb 09, 2018 7:07 pm

noxiousdog wrote: Fri Feb 09, 2018 5:28 pm This correction is well overdue. The S&P 500 PE was 25.45 at the end of 2017. The median is 15.

Or maybe this time it's different.

Hard to tell as the corporate tax cut hasn't fully kicked in yet - the increased bottom lines from that would definitely warrant a spike in P/E of Public companies in good shape, but I'm not sure when/if it will normalize, especially with the interest rate hikes on the way. I think at least a year, maybe two to really see that impact on P/E.

U.S. stocks finished higher for a fourth straight session and climbed back into positive territory for the year as traders shrugged off the latest sign that inflation is firming.

Wednesday's rally, which materialized despite a report that showed consumer prices in January rose faster than expected, continues a rebound following last week's massive market plunge that had knocked the Dow down more than 10% from its high and caused market fear to spike. Signs of stability have eased fears that the market was on the verge of a major decline.
...
At the close of trading, the Dow Jones industrial average was up 253 points, or 1.0%, at 24,893.49. The Dow is still 6.5% below its Jan. 26 record high but up 0.7% for the year.
...
The stock market's rise Wednesday coincided with a big drop in Wall Street's "fear gauge," known as the VIX. The VIX, a gauge of future market volatility in the next 30 days, fell by more than 20% Wednesday to a level below 20. That's nearly half of where it was on Feb. 5 when it more than doubled in a single day and closed at 37.32, a record spike that exacerbated turbulence in the stock market.
...
For now, stock investors are focusing on market positives, such as a strong U.S. economy, a solid labor market and growth in most economies around the world, says Ripley.

LawBeefaroni wrote: Wed Feb 21, 2018 6:29 pm Bought in AMZN on 9/6/2017. Looking at that chart, I should really sell.