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- Thread starter SoapyCy
- Start date
Values seem to be gone. I still am a bit too heavy in bonds and was looking to convert, but I guess I will just wait.
At this rate I’m going to be completely out of one of my short term value plays soon. Looking at what options are out there for long term investing. Definitely want to get out of this investment as I don’t believe in it long term but everything else seems overpriced. Do I just keep it in cash? If I do that would leave me heavily cash. I’m already at like 12%
The market is propped up on all of the 25-35 year old first time investors who immediately feel like experts, buying up everything they can and showing their friends how easy it was to make money. I'm certainly not complaining but I think we'll see a sell-off in July-ish.
I don't know how it stays this high when Q2 earnings start to come out, they are going to be really really really bad. In a consumer based economy, how do you have all time highs in the market when we have 16% unemployment.
I agree that it has recovered more than it should have. I think it should have plateaued more around 2,900 and 3,000. With that said I also think there are a lot of older investors who are still stuck in the immediate correlation with the economy mindset. The stock market should absolutely be ahead of the economy. I also think people are afraid of the crash from 2008 and how long that took to recover but this was a much more temporary shock to the economy and market. Many of the jobs lost are going to be temporary.
Im struggling to properly value the market because I think we have two competing narratives that are dramatically different. I think reality is going to be in the middle.
I sold some CIM for a loss in my brokerage account and then rebought 1,300 shares in my Roth IRA. It's up 90% since then and has a 10% dividend.
Dow is now positive for 2020. I was kinda thinking about selling my stake in VDE here soon, and moving that into something more long term. But all the long term stuff is so expensive.
I had BA and sold it. Then I bought call options and sold those. Made like $500 but could have made about $10,000.
As my dad says, put the cork on the bottle and don't even go to the bar.
I sold mine also. I had RCL and got rid of it too. I should have got back in on Boeing when it was in the high 90's.
What part of Bankrupt do Robinhooder's not understand? Seriously, this is beyond dumb.
Hertz, $5.53 up 2.96 TODAY or 115%
Do you people understand that they have already filed for bankruptcy? This will be worth nothing in the near future with NO warning. One day a judge will wake up and say yep, not enough assets here and you'll get nothing. The stock will "reorganize" and start trading with a new ticker.
Chesapeake Energy - $69.92 u up $45.12 or 181% and an article tonight says they will file bankruptcy soon. It is down $27 in AH but I wouldn't be surprised if someone tries to bid it up again.
Hertz, $5.53 up 2.96 TODAY or 115%
Do you people understand that they have already filed for bankruptcy? This will be worth nothing in the near future with NO warning. One day a judge will wake up and say yep, not enough assets here and you'll get nothing. The stock will "reorganize" and start trading with a new ticker.
Chesapeake Energy - $69.92 u up $45.12 or 181% and an article tonight says they will file bankruptcy soon. It is down $27 in AH but I wouldn't be surprised if someone tries to bid it up again.
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CHK has had a crazy week so far, probably worth a watch to see what way that roller coaster goes at the bell.
