Originally Posted by petegz28:
Gonna have a fairly decent finish maybe....the last leg down was rather weak and we saw a good bounce off of that and the 200 day held. That's a good sign going into the weekend. There was every excuse for people to dump out in fear of Monday. Still lost about half of the gains for the day though. And we are not done selling. I am seeing continued selling for a bit.
Unless something happens I would say start prepping for election concerns.
I still strongly believe that institutional rebalancing will provide downward pressures on equities. To me, the institutional buying at the end of the first quarter explains the sudden recovery in equity prices. [Reply]
Originally Posted by Nightfyre:
I still strongly believe that institutional rebalancing will provide downward pressures on equities. To me, the institutional buying at the end of the first quarter explains the sudden recovery in equity prices.
Originally Posted by Demonpenz:
can you explain to dummies for me?
Basic allocation re-balancing. On a personal level it's large cap to mid cap, stocks to bonds, etc. On an institutional level, it's the fund manager re-allocating to different stocks within the overall portfolio. Once a quarter I look at which allocation is doing best in the short term and adjust. All of it. [Reply]
I don't know how to word this like a pro but my gut feeling is that the market bounces back too high too soon and will go down. It isn't going to return to covid 1 levels but just a reduction. I had an an account that was down 40 percent and just checked it again and it was back up to what it was before covid. So I am expecting a drop for awhile. I know this is a bunch of bullshit from a guy that lives with his mom, but hey I need to share my feelings on my 500 dollars in a Vanguard ETF [Reply]
1. New cars.
2. Leased new cars.
3. Houses they can't afford
4. Things on credit they can't pay for
5. Luxury goods
6. Lots of "things" or cheap (low-quality) things
7. Expensive weddings
Car. 4 wheels, totes you around. Overall costs are way too high!
I don't know what to get. My Altima has 78,000 miles at 7 years old. Should just dump a few thousand at it for a variety of shit and continue on. But I love having a new ride and as hard as I resist the temptation, I'll lose. [Reply]