Looks like a panic crash in store for today. sell at the bell and buy it all back later or ride it out? thinking of selling 50% of individual stocks since over half of my retirement is in index funds so liquidate a total of around 25%. Nvidia off 13% premarket already Will this change the polls? Asian stocks tumble on recession fears; Japanese shares eye bear market (msn.com)
I am going to buy some puts of the major indexes (a very, very small % of my public portfolio) as a pure hedge and hope my gamble doesn’t payoff. I’m also shorting Tesla, Apple and I’m going to try to buy some Nvidia if it keeps dropping. Bad thing about having most of your money in PE holding co’s is that they are illiquid. Good thing is that they are illiquid so I only place a few small bets for fun on days like this.
It may, but not sure there are many undecideds at this point. That being said, if you are that worried about how the markets perform, in my investing lifetime you would be in much better shape voting Democrat. While the R party talks a big game about being pro business, that seems to just be in regards to the C-Suite, not investors.
Have to think it hurts the incumbent party, but if the Fed drops rates and the market bounces back who knows. Personally, never a fan of panic selling tho I wish I had followed up last week in selling one stock with a sizeable gain. Can be scary if near retirement, but even in 2008/2009 we rode it out, bought some on the way down and l/t it worked out well. Major hit today, but I'm still up for the year.
Source of the panic selling? Yen carry trade numbers are huge. Yen going up, $ going down, billions in borrowed Yen having to be paid back forces liquidation of assets and spirals from there https://www.cnn.com/2024/08/07/business/yen-carry-trade-stocks-nightcap/index.html
Nope. Didn't like the open. Ended up adding some more nvidia at 92.2. Just wish I would have had more powder Hard to sit on cash, thought hard about using margin at that price but avoid it. Now worried about nvidia chip delays of new chip due to design flaws.
and Japan says no more rate hikes and everything tuns green...and people think that potus is responsible for the market... BOJ's Uchida: No rate hikes while markets are volatile | NHK WORLD-JAPAN News
Are they picking up crowdstrike clients or just a good beat on earnings? 25% in a day recovered the last 6 months of losses..
Probably a bit of both. Crowdstrike is pretty flat today but still slightly up. I think its mostly earnings.
I invested in it years ago for reasons I cannot recall . It just sits quietly in the far corner of my buy-and-hold portfolio.
