Stock market thread

[PsychoCid]

Ok, time for pain:

I bought Amazon during their IPO. Sat on it for years as they built up and expanded, and never made any money. Then finally, they showed a profitable quarter, then year, then boom! Off they go. Then my oldest daughter is off to college, so I sell it to help fund that. Made a cool $50,000 profit. 2 years later, Amazon is trading 8x higher...if I owned it now, I'd be looking at $500,000. From 100 shares at IPO.

Ok, I'm sad now...

Told my buddy to hang on to Amazon. He sold it, it went up.

Told my buddy to buy a little gold. He didn't, it went up.

It's time for me to start throwing some serious coin at the market again, hm...

Aww man. There will be more! Interested to see where this Kodak thing goes.

[Open G]

G...are you our previous mod??

No I'm just a guy that doesn't play guitar very well and came across this surprising story about Eastman Kodak stock. I don't own the stock. make no recommendations to buy, sell or hold.

[golem]

The GDP took a huge hit. It makes me wonder if "the market" as the aggregate behavior of investors as being overoptimistic.

[bleys21]

I'd almost guarantee it is....there's no justification for the valuations we're seeing. Of course, I'm betting that way, not shorting the market, but I've been hording cash since all this crap started so I can grab some discounts if she tanks.

And if she doesn't, well I'm still making money and increasing my portfolio

[Tonray's Ghost]

I'd almost guarantee it is....there's no justification for the valuations we're seeing. Of course, I'm betting that way, not shorting the market, but I've been hording cash since all this crap started so I can grab some discounts if she tanks.

And if she doesn't, well I'm still making money and increasing my portfolio

There may not be an underlying economic justification based upon real GDP and earnings growth...but the stock market is a forward discounting mechanism and the fact the FED continues to provide unlimited liquidity, and hints that negative rates (even though they claim not) are coming to a FED branch near you. This leaves few alternatives for that liquidity except the stock market. Nobody is going to leverage up to buy a cruise line or an airliner, or an office or retail space (real economy bricks and mortar stuff) but they are more than willing to leverage up to buy equities because it is the only game in town at the moment.

[uwmcscott]

I'd almost guarantee it is....there's no justification for the valuations we're seeing. Of course, I'm betting that way, not shorting the market, but I've been hording cash since all this crap started so I can grab some discounts if she tanks.

And if she doesn't, well I'm still making money and increasing my portfolio

One could argue that the lack of justification for pricing has existed for the last 5-6 years. They said the same thing before the housing bubble and y2k and every other bubble.

Not to mention the fact that there’s this little bug out there that won’t go away no matter how much we try to ignore it.

[doc-knapp]

Starting increasing my shorting position as of Thursday. This bubble is gonna blow soon.

[bleys21]

Hey Doc...you may be right, the market is looking a bit shaky this week. If Apple hadn't blown the doors off with its earnings report, things could be a lot worse.

Any particular sectors you're targeting with the shorts? I'd ask what stocks (if any) but I understand you may not want to specify...