Dow drops 300 points as stocks sell-off intensifies

[ABX]

Skipping the political spin from both sides, just as the rapid increase wasn't necessarily a good thing, this rapid drop isn't necessarily a bad thing. Both were related in part to the value of the Dollar, which has been on the rise finally..
https://www.poundsterlinglive.com/usd/8412-the-us-dollar-is-making-a-come-back

"We've had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable," one strategist said.
The Dow and S&P 500 posted their worst session of the year on Monday.
Long-dated Treasury yields climbed further on Tuesday, with the U.S. 10-year Treasury yield trading near levels not seen since 2014, amid fears of higher inflation....

https://www.cnbc.com/2018/01/30/us-stock-futures-dow-data-earnings-and-politics-on-the-agenda.html

[thackney]

Hope I can get back to the office in time to buy back what I sold last week.

[Frank Cannon]

—CNBC's Gina Francolla and Chris Hayes contributed to this report.

Curious what a Commie Pinko talking head at PMSLSD has to do with an alleged straight business news piece?

[Frank Cannon]

Hope I can get back to the office in time to buy back what I sold last week.

No access to a computer or phone where you are posting from now?

[bolobaby]

No access to a computer or phone where you are posting from now?

Frank Cannon's BS detector just went off!

[bolobaby]

I will say this: my gene editing picks have done very well for me.

Even with today's down action, I'm looking at total gains of...

NTLA - 30%
EDIT - 122%
CRSP - 117%

[WingNot]

Frank Cannon's BS detector just went off!

It's stuck on full ...just like the gas gauge on his Lincoln Mark V

[thackney]

No access to a computer or phone where you are posting from now?

I wanted to search around some before I bought again.  General Dynamics didn't drop that much, looking for a better buy, wanted the computer for research.

[IsailedawayfromFR]

Hope I can get back to the office in time to buy back what I sold last week.

I just sold off my Dr Pepper when it announced its purchase by Keurig.

A solid 23% gain on that announcement. Will buy back once the euphoria settles back down.

[thackney]

I just sold off my Dr Pepper when it announced its purchase by Keurig.

A solid 23% gain on that announcement. Will buy back once the euphoria settles back down.

Always fun trying to guess where the bottom is on a stock and then trying to buy.  Buy low and sell high is harder than many would understand.  Buying in when most are jumping out and then selling when most think it is a great buy.

My problem is often my own greed, a limit order too low to ever get in.  Then when I do get in, realizing I jumped too soon, not the bottom yet...

[IsailedawayfromFR]

Always fun trying to guess where the bottom is on a stock and then trying to buy.  Buy low and sell high is harder than many would understand.  Buying in when most are jumping out and then selling when most think it is a great buy.

My problem is often my own greed, a limit order too low to ever get in.  Then when I do get in, realizing I jumped too soon, not the bottom yet...

I have found in retirement it is advantageous not to try to time correctly, but to undertake action.

First, one will make gains even though they may not be as much as one could.

Secondly, any losses(tough in current climate) are useful to offset the gains on page one of the 1040 at year end.

Companies like Enron taught millions this credo.

[thackney]

I have found in retirement it is advantageous not to try to time correctly, but to undertake action.

First, one will make gains even though they may not be as much as one could.

Secondly, any losses(tough in current climate) are useful to offset the gains on page one of the 1040 at year end.

Companies like Enron taught millions this credo.

Yes, I'm learning to accept that, and trying to learn to be patient.  I'm good at not operating at a panic, no one transaction is going to make or break me.

I'm also learning to keep my own limits.  If I set a limit order to buy if it drops another $0.50, don't keep second guessing it or chasing it if it doesn't go down that far.

And once it rises enough, at or near the target, set a trailing stop loss at 1% and don't look back after it sells.  It may not be the top dollar, but I made my profit, now look for the next one.

I haven't traded stocks for a lot of years.  I used to always go for growth cap funds and just let it ride forever.  And most of my retirement is still in that stuff.  But I'm trying, more out of curiosity, with a piece of it on individual stocks.  Last couple years I've risen a little bit more than the Dow or S&P500 so I'm doing okay.

[IsailedawayfromFR]

Yes, I'm learning to accept that, and trying to learn to be patient.  I'm good at not operating at a panic, no one transaction is going to make or break me.

I'm also learning to keep my own limits.  If I set a limit order to buy if it drops another $0.50, don't keep second guessing it or chasing it if it doesn't go down that far.

And once it rises enough, at or near the target, set a trailing stop loss at 1% and don't look back after it sells.  It may not be the top dollar, but I made my profit, now look for the next one.

I haven't traded stocks for a lot of years.  I used to always go for growth cap funds and just let it ride forever.  And most of my retirement is still in that stuff.  But I'm trying, more out of curiosity, with a piece of it on individual stocks.  Last couple years I've risen a little bit more than the Dow or S&P500 so I'm doing okay.

I buy lots of individual stocks but keep growth stocks in check with value and dividend stocks predominating.  I Know that has missed the outstanding growth in Dow in the past year, but, being retired, dividends being paid is more important than ups and downs of stock price.

And I never use brokers or online purchasing agents like etrade. 

The less people between me and the company lessens the opportunity for others to skim off my holdings.

[thackney]

online purchasing agents like etrade. 

All I do is through Fidelity online.  I can set up my limits over the weekend and not have to follow it too close.  I still try to check in when I have time, but that is often out of my control.

[IsailedawayfromFR]

All I do is through Fidelity online.  I can set up my limits over the weekend and not have to follow it too close.  I still try to check in when I have time, but that is often out of my control.

With the 666 point drop in the Dow today, may be time to make that jump back in.

I am kinda wary though with the number 666.

[InHeavenThereIsNoBeer]

With the 666 point drop in the Dow today, may be time to make that jump back in.

I certainly hope not.  I'm hoping this is the run up to Black Monday 2.0.

I want to make money investing in companies that provide value, not gambling that central banks will do "Whatever it takes"[TM] to sustain this bubble another day/week/month/year/decade.

[IsailedawayfromFR]

I certainly hope not.  I'm hoping this is the run up to Black Monday 2.0.

I want to make money investing in companies that provide value, not gambling that central banks will do "Whatever it takes"[TM] to sustain this bubble another day/week/month/year/decade.

Am not attempting to time a market.  I posted to someone who was just about willing to jump back in, and the drop should have helped him make that decision.

I am certainly not hoping for a Black Monday as I wish our economy and stock market the thrive and just have small tweaks from time to time, not something ruinous for anybody at your benefit.