Stock Market Rally Monitoring Room

Alright!!! A landslide vote in favor of the rally room and it’s now open! The floor is open to everyone who likes a rally. And why not others as well.

US futures are pushing a 3% gain, long men and women are waiting for the NYSE opening with sweaty fingertips, only 30 min left, YES!

Uncle Masse, FA, he who is not afraid, plays :smiley:

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This is a nice thread. Here we can really mess around now that those bears have been running wild lately.

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Yeah, the stock market will still get its revenge when someone opens this kind of thing. Too soon…

At least we’ll know who to point the finger at if the decline continues :wink:

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The portfolio recovery plan is moving forward no matter the weather. In 10 years, it won’t matter if I timed it to the juiciest spot. Surprisingly many acquaintances have completely refrained from making periodic investment savings because “the bottom hasn’t been seen yet,” and the threshold to buy into rising prices only gets worse day by day. A twinkle in the eye and march on. Quoting myself:

https://twitter.com/jar_kan/status/1246796424672673792?s=19

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I had to write here

Masse opened a thread → futures immediately steeper up

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I’ve made a completely new observation during these past two months. Even today, with my portfolio up 7%, it’s hard to focus on studying when I just want to stare at green stock charts. It somehow feels really good again and again when I see +10% on the board. I’ve never been high, but this must be what it feels like. Does anyone else feel the same way?

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Investing doesn’t really evoke many emotions in me. The mental preparation has been successful :flexed_biceps:

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It does feel pretty wild. I have a company in my portfolio whose P/E based on last year’s earnings is about 1.5, but no one knows what the E might be for this year’s earnings. The company’s management also speaks quite vaguely. Another company has risen 70% in two weeks and will rise a lot more today. The temptation to cash in profits and see if I can get back in at a lower price after some time is starting to rise. I’ll have to keep my eyes open, at least.

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I wouldn’t be surprised if the opening of the Stock Market Tracker Room perfectly coincided with the peak of a bull trap :wink:

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Personally, I’m more scared of wild rallies upwards than downwards if there’s no news to explain it.

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In honor of the new thread and in line with its spirit, I saw this today:

image

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Hmm… where’s the rally? It bounced at the open, ate it right away, and now it’s churning sideways… I was promised a RALLY here. Where is it? :crying_cat_face:

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Cute that Masse uses Explorer. :hugs: …I used it too, back when modems were still rattling next to the computer. :+1:

I’m sure the rum will continue, because at least Steen Jakobsen believes that the economy will only start running on all cylinders after a very long time and social distancing takes about 3 percentage points off the GDP every month.

https://www.cnbc.com/video/2020/04/07/markets-totally-unprepared-for-whats-coming-economist-says.html

More than 90 countries – nearly half the IMF’s 189 members – have asked for emergency funding from the Fund to respond to the pandemic, she said.

I took a day off work today and have been aggressively selling shares.

It’s going to be interesting to see if central banks, the IMF, and partners can save us from the coronavirus.

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@jarnis do you still have your shorts in the ring?

Today I played with one short in the morning for some beef money, but nothing longer. I also bought and sold stocks. Let it rally, I’ll short again when it sags :smiley:

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Well, this day has finally arrived. The strongest signal of a bull market, i.e., mass discussion about a stock market surge, has begun. Let’s start tracking it now.

But at what point will the discussion lock up? Will the situation just turn out to be a mass bulltrap?

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Cocaine and gambling (investing)
Activate the same parts of the brain

Here’s some evening reading
If you’re interested
https://www.cell.com/neuron/comments/S0896-6273(01)00303-8

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If all investors, as a large mass, now believe that this crisis is the best buying opportunity ever in the 2-3 year term, can it then truly be so?

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And at least the SP500 is currently indicating that today we saw ~three-week highs almost simultaneously with the creation of this thread, and after that, we can crash again :smiley:

“Sell when Uncle Masse declares a bull market” :sweat_smile:

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