Down big may be an understatement. Does not look good.
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stock traders how y'all doing
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Originally posted by Problem Child View Postit's a trap to get people back into the market...needs to drop more than 1000 points for me to get back in
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Everyone ready for the fed decision today? Personally I'm hoping on them causing the market to have another flash crash type event with a lot of volatility over then next few weeks before the next big earnings season kicks off in Oct. It sure makes day trading stocks easier when there is that volatility.
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Originally posted by lwelch70 View PostAnything catching the eye as of lately? I got hit pretty hard on a couple energy sector stocks and looking to grab tails on some quick flips.
Otherwise just pick some best of breed stocks that can weather these storms. DIS, SLB, NKE, HD, SBUX, FB, CVX, AAPL, WM are pretty high on my list. DIS I would probably wait until after earnings. I think they aren't going to have a great earnings this time because of ESPN. They warned last time and recently had layoffs. But with Star Wars movie and Christmas, their Feb earnings should be good. If you can get it after a pullback especially if it drops about 8% to the 92-94 range, then it's a great buy. NKE just reported a good quarter so look for any whole market drop as a time to buy them.
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I've heard multiple big investment people warn to watch for the double bump in the market. In other words, stock tanks, then rebounds potentially to record highs, then the bottom falls out. If you try to time getting out when the stock market is at it's peak is when you loose. Those over the years that have made a lot of cash in the stock market consistently were out before things dipped.
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