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The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
Exactly, it's about being proactive about what you want to do, not reacting to market moves.

That said, if people are truly concered about the fiscal cliff, they will be moving their money out of the market and that should provide some good buying opportunities.
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I doubt people would move completely out of the market for the main reason that there isn't anywhere else to turn to make money. Even with a 5-year jumbo CD you can only get 2%, and the interest rate on that is already taxed at wage + PPACA (because the jumbo minimum is 100k, I'd say it's a safe assumption you're making over 200k/125k per year). What we will see, though, is VERY heavy volume, at least from the long-termers and dividend hunters.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

HELLO commodity drop; I think we may be seeing QE 3.1 fairly soon. -_-
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
I doubt people would move completely out of the market for the main reason that there isn't anywhere else to turn to make money. Even with a 5-year jumbo CD you can only get 2%, and the interest rate on that is already taxed at wage + PPACA (because the jumbo minimum is 100k, I'd say it's a safe assumption you're making over 200k/125k per year). What we will see, though, is VERY heavy volume, at least from the long-termers and dividend hunters.
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I can see people pulling out of the market if by the middle of December that little progress has been made in resolving the fiscal cliff issues, particularly those who have principle protection as their #1 concern but have been forced to take larger positions in the market because of the low (non-existent really) interest rates elsewhere. I can see them harvesting their gains and then just sitting on the cash until the uncertainty surrounding what Congress will do is resolved.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
I can see people pulling out of the market if by the middle of December that little progress has been made in resolving the fiscal cliff issues, particularly those who have principle protection as their #1 concern but have been forced to take larger positions in the market because of the low (non-existent really) interest rates elsewhere. I can see them harvesting their gains and then just sitting on the cash until the uncertainty surrounding what Congress will do is resolved.
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Most people doing that in the stock market have financial advisers, and the advisers will inform them that dividend taxation will not go higher than bank interest; it will go even to bank interest. Many of them are already getting better than 2% in the stock market, so if you're only taking that into consideration, it behooves to stick.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
Most people doing that in the stock market have financial advisers, and the advisers will inform them that dividend taxation will not go higher than bank interest; it will go even to bank interest. Many of them are already getting better than 2% in the stock market, so if you're only taking that into consideration, it behooves to stick.
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It's not about the taxes for these people, it is about what happens if the market tumbles 25% to 40% because the idiots we keep electing to Congress are more interested in having an ideological ****ing match than actually solving our fiscal issues. Capital preservation, not taxes or level of return, is the number one factor for many people who are at or near retirement. Those people I can see cashing out, paying the lower tax rate and then waiting to see what happens with the fiscal cliff.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
It's not about the taxes for these people, it is about what happens if the market tumbles 25% to 40% because the idiots we keep electing to Congress are more interested in having an ideological ****ing match than actually solving our fiscal issues. Capital preservation, not taxes or level of return, is the number one factor for many people who are at or near retirement. Those people I can see cashing out, paying the lower tax rate and then waiting to see what happens with the fiscal cliff.
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For a long-term play, certainly. If the stock has gone 4th quarter ex-dividend, you bet! How did stable value funds do in 2008, though?
 
Almington said:
It's not about the taxes for these people, it is about what happens if the market tumbles 25% to 40% because the idiots we keep electing to Congress are more interested in having an ideological ****ing match than actually solving our fiscal issues. Capital preservation, not taxes or level of return, is the number one factor for many people who are at or near retirement. Those people I can see cashing out, paying the lower tax rate and then waiting to see what happens with the fiscal cliff.
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And for people who have kids heading to college... Junior will be in community college by his junior year if people don't move into preservation mode.

I think we're all clear that nobody is suggesting a 100% position ... It may be boring but diversification is important...especially if you see a bad moon rising
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

pirate said:
And for people who have kids heading to college... Junior will be in community college by his junior year if people don't move into preservation mode.

I think we're all clear that nobody is suggesting a 100% position ... It may be boring but diversification is important...especially if you see a bad moon rising
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Bingo. Even if you're just starting with investments, it's important to be diversified. I think this is why I started dabbling with ETFs when I began investing. To those unfamiliar, an ETF is similar to a mutual fund, with exception that it has real-time pricing like any common stock. You have to be careful because their dividends typically are not qualified (though after the fiscal cliff, this news is irrelevant), but you still have a large breadbasket. One of the most common is SPY, which trades in stocks that are part of the S&P 500. There are a number that follow other indexes.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

For all you dividend hunters out there, a little present from COST... http://money.cnn.com/2012/11/28/investing/costco-dividend/

Just remember that you must hold the stock for 61 days in order to get the lower tax rate on the dividend. As I said before, Taxmageddon may not push us into recession, but there will certainly be more volume in the market, given there is no longer an incentive to hold onto stock.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Thanks FDude-That is one I missed. I get a lot of information about high yield from Carla Pasternak. I do not follow most of her recommendations but i do read through them and pick and choose.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

DrDemento said:
Thanks FDude-That is one I missed. I get a lot of information about high yield from Carla Pasternak. I do not follow most of her recommendations but i do read through them and pick and choose.
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After what I experienced with SLE, I am not doing too much dividend hunting. Usually once the news breaks, it's too late. I'll consider the stock, though, if it has a good dividend.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Almington said:
I can see people pulling out of the market if by the middle of December that little progress has been made in resolving the fiscal cliff issues, particularly those who have principle protection as their #1 concern but have been forced to take larger positions in the market because of the low (non-existent really) interest rates elsewhere. I can see them harvesting their gains and then just sitting on the cash until the uncertainty surrounding what Congress will do is resolved.
Click to expand...

Market contractions which bring down prices are an opportune time to buy. Anything that can bring down a share price that has nothing to do with the fundamental business means that its going on sale. I'll probably pull the trigger on big monopolies like goldman sachs, P&G, BRK B, etc if a depression of prices occur because of the cliff. I have been out of the market for some time, but have a feeling it will be a chance to buy soon.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

unh_hockey said:
Market contractions which bring down prices are an opportune time to buy. Anything that can bring down a share price that has nothing to do with the fundamental business means that its going on sale. I'll probably pull the trigger on big monopolies like goldman sachs, P&G, BRK B, etc if a depression of prices occur because of the cliff. I have been out of the market for some time, but have a feeling it will be a chance to buy soon.
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Depending on who you ask, there are some people that think dividends will be completely gone or severely diminished in 2013 just because of 2012 special payments. I highly doubt that companies will be that stupid. Always remember that 50% of a watermelon is better than 100% of a grape. There are many investors that will only go for dividend stocks (myself included for the most part at this time), not to mention it's not a 43.4% Federal rate for everyone (and I love how the poster in question doesn't even consider state income taxes, where even in a state like NH you get charged for this). You still have many mutual fund owners as well as retirees that would be at a lower tax bracket and wouldn't be affected by the increases. Hedge fund owners understand this.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

One of the big winners today is Citigroup, through cutting expenses.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

FlagDUDE08 said:
One of the big winners today is Citigroup, through cutting expenses.
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I don't trust Citigroup one bit whatsoever. I work with them on a fairly significant project when we sold them a block of business as part of a trust custody and trade settlement process. The whole project has been a mess, something that should have taken 8 or 0 months is now scheduled to end at 22 months because they can't get their act together over there. Add to that, people that work for the organization that's essentially my industry's maker have said (off the record, of course) that the entire company is a "giant cluster****" when it comes to all of their projects. The company lacks controls and the knowledge to do their jobs competently. We're in the testing phase now with them, and the industry maker's people are spot on with their comments.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

St. Clown said:
I don't trust Citigroup one bit whatsoever. I work with them on a fairly significant project when we sold them a block of business as part of a trust custody and trade settlement process. The whole project has been a mess, something that should have taken 8 or 0 months is now scheduled to end at 22 months because they can't get their act together over there. Add to that, people that work for the organization that's essentially my industry's maker have said (off the record, of course) that the entire company is a "giant cluster****" when it comes to all of their projects. The company lacks controls and the knowledge to do their jobs competently. We're in the testing phase now with them, and the industry maker's people are spot on with their comments.
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Now that the public has had time to digest the information put forth, the stock price is still up.

Meanwhile, now that Apple is moving a factory to the USA, no change in the stock price yet, but I wouldn't be surprised to see a drop once the public digests the information. The price has been dropping a bit.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Wow. 3M is up over 1.5% today and I can't find any reason for it...
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

Hmm... They updated that article since I last read it. What I don't get is how a positive non-earnings report could trigger a jump of nearly 2%. Seems out of place.
 
Re: The Stock Market thread: BUY! BUY! BUY! Sell, sell, sell...

dxmnkd316 said:
Hmm... They updated that article since I last read it. What I don't get is how a positive non-earnings report could trigger a jump of nearly 2%. Seems out of place.
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Future look. If analysts are predicting that the company is going to do well next quarter based upon the projected budget for that time, people will put their money in now, and that way they'll have more in the kitty once the earnings actually do come out (assuming the target is met or exceeded). It's the true definition of "speculation".
 
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