Is the stock market going to tank?

[4matic]

Trump agrees with Benny:

http://thehill.com/homenews/campaign...about-to-burst

Good god...

“She’s keeping the economy going, barely,” Trump said. “The reason they’re keeping the interest rate down is Obama doesn’t want to have a recession-slash-depression during his administration.”

[Benny Profane]

When did I ever say that?

What did he say, exactly?

[Mazderati]

Walmart at a three and a half year low with a three percent dividend. Don't mind if I do.

[4matic]

Walmart at a three and a half year low with a three percent dividend. Don't mind if I do.

I like the CEO and strategy. I buy stuff from Walmart.com but the shipping is clumsy and slow. They have an opportunity in online shopping with buy online and pickup at store. In some locations they have dedicated pickup so you don't even have to leave the car. And, Buffett owns it at much higher prices.

[liv2ski]

Not the bond market. Not the private equity market. Not the real estate market. Not the dollar. Nor pig futures. Nor gold prices. (Although they may all be related, or not.) Nor anything else.

And not a small 100-200 point correction/gains taking. And not "Is the stock market overvalued?" Nor any other possible similar question (although they may all be related, or not).

But: Is the US, stock, market (let assume for sake of discussion the DJIA in particular) going to TANK in the next six months?

Discuss.

Or not.

Yes, but the thing that pisses me off is my magic 8 ball will not tell me when

[Bromontana]

Yes, but the thing that pisses me off is my magic 8 ball will not tell me when

Gold long and USD short are now off to the races. Crossed 200 day moving averages. Will likely retest em, then move. 60% it works every time. Seriously though, these are trends that are just now accelerating. Better risk reward investment now than S&P and major indices. You have to go through the work of defining risk, entry and exit plan, and monitoring, but the opportunities are there.

WTI sitting on support of 20dma / 200sma on 4 hour chart. Fairly important pivot to affirm the uptrend or indicate further bottom fishing.

Saw Wal Mart and Netflix at some deep relative discounts today.

Natural gas doing well off lows, likely tracking with USD declines.

[Meathelmet]

From your perspectives, any guesses how the upcoming MiFID II/MIFIR will affect the industry? Apparently it could initially hit some smaller (banking) companies hard but what could its ramifications to be to the exchange in general?

[Bromontana]

From your perspectives, any guesses how the upcoming MiFID II/MIFIR will affect the industry? Apparently it could initially hit some smaller (banking) companies hard but what could its ramifications to be to the exchange in general?

No clue but Id be happy to see it hit iBank margins, or put them under.

[babybear]

this game is kinda fun for a minute or two distraction

http://www.bloomberg.com/features/20...-trading-game/

[406]

this game is kinda fun for a minute or two distraction

http://www.bloomberg.com/features/20...-trading-game/

44% return, what do I win :-)

[Bromontana]

Bought some WTW puts around 14.9pps today... should be fun!

3-4x float rotation today

[jahoney]

i jumped in blind late august/september

TWTR @ 28.13
XOM @ 72 (stoked)
AAPL @ 115 (wishing I waited)
AMD @ 2.10 (still wishing I waited)
DIS @ 98.50 (fuckin' pumped)
AMRB @ 10.06 (fuck zacks)

not too disappointed in my choices

any opinions or advice is appreciated.

plan on holding AAPL till it's at least $20-30 higher. AMRB might go up when the Fed raises rates. DIS is long for a long time, AMD i'll give a year.

I'm overweight on TWTR but I have faith

[Bromontana]

I like DIS, XOM, would sell AAPL and tech. Believe in TWTR long term but am neutral on its value.

Cash is a viable spot as well. You dont need to have 100% allocation to get yield, and often the rush to find enough companies dilutes quality. Hold some good values and cash until crude goes up. If crude doesnt go up it could pull down the indices.

[4matic]

i jumped in blind late august/september

TWTR @ 28.13
XOM @ 72 (stoked)
AAPL @ 115 (wishing I waited)
AMD @ 2.10 (still wishing I waited)
DIS @ 98.50 (fuckin' pumped)
AMRB @ 10.06 (fuck zacks)

not too disappointed in my choices

any opinions or advice is appreciated.

plan on holding AAPL till it's at least $20-30 higher. AMRB might go up when the Fed raises rates. DIS is long for a long time, AMD i'll give a year.

I'm overweight on TWTR but I have faith

Don't let TWTR turn into a loser. Have an exit plan.
XOM you can probably hold forever with 4% affective yield.
AAPL will be a market play. If the market does well AAPL will be ok.
AMD. I'd dump it. It's $2 for a reason. Dead money. Percentage risk is very high.
DIS you can probably hold forever but need to watch. Content is changing. They started cost cutting and outsourcing this year. Could be more bad news short term.
AMRB. They just filed an 8K so you need to read that. It's a micro cap and reasonable speculation. It has recent analyst coverage:

http://www.benzinga.com/stock/amrb/ratings

[jahoney]

My plan for TWTR is if it breaks $40 I'm out. DIS I want to hold but once the SW hype fades I'll probably sell, too. Sometime in January I think.

XOM I plan on adding more if oil goes down into the $30s again and the stock price goes down also.

I only have 150 shares of AMD, so if I lose it all worth the risk, they are making a comeback IMHO. Intel seems to be losing steam, I'll give Zen a chance to succeed.

[Bromontana]

Biotechs look coiled to melt down. BIS daily chart for reference.

Hope it doesnt happen but risk is extremely high.

Day one of the WTW meltdown has commenced, more Oprah pump needed.

[LeeLau]

Biotechs look coiled to melt down. BIS daily chart for reference.

Hope it doesnt happen but risk is extremely high.

Day one of the WTW meltdown has commenced, more Oprah pump needed.

I bought some WTW out of the money puts today. Paying a lot of premium for volatility. Had some short in premarket but the borrows are unavailable and even then I'm paying 30% for the borrow ouch.

Ass reaming on FXP. Chickened out and didn't add to the position at the lows. Bought some USD vs CAD. That's all I got. Been riding lots and not really paying much attention to the markets

[Bromontana]

I bought some WTW out of the money puts today. Paying a lot of premium for volatility. Had some short in premarket but the borrows are unavailable and even then I'm paying 30% for the borrow ouch.

Ass reaming on FXP. Chickened out and didn't add to the position at the lows. Bought some USD vs CAD. That's all I got. Been riding lots and not really paying much attention to the markets

Sorry about FXP.. second trade wiped out the first but I released it in time. Looked at reentry in FXP and am not clear enough on valuation to move again there. I'm getting mind fucked in crude. Fun times. WTW should pay us well, quite the POS Oprah bought into paper profits aside.

[jahoney]

got out of twtr today..

maybe if it drops to 26 again I'll buy in less than I had previously

[Stu Gotz]

I think the Theranos and Valeant stories are very interesting right now. Valeant is awesome because it couldn't happen to a nicer guy than Ackman. But also because there are some weird channel stuffing issues which will bring to light just how F'ed up our healthcare system truly is. And Theranos is a prime example that maybe all of those privately priced unicorns may not be all that they are made out to be.

[shroom]

DIS you can probably hold forever but need to watch. Content is changing. They started cost cutting and outsourcing this year. Could be more bad news short term.

you read the article re: requiring their tech team to train their H1-B replacements (might have been offshore)?

the tech forums I frequent we're losing their shit over it

[Bromontana]

the tech forums I frequent we're losing their shit over it

Just a little creative destruction, what gives?

Still laughing at that Ackman remark...classic

[4matic]

you read the article re: requiring their tech team to train their H1-B replacements (might have been offshore)?

the tech forums I frequent we're losing their shit over it

Carly showed them all how to do that. Yeah, I read the article. I'm expecting Sandeep and Ravi to be hosting Sportscenter soon.

My company is doing that with our tech support. It's going to be a disaster. They are already extending everyone by one month. The interesting thing is the partners are right in the middle of selling the company.

[4matic]

It's interesting that the Valeant and biotech meltdown was signaled two months ago. IBB hasn't even made a new low. The rotation is into large cap issues like GE, KO, GM, INTC, NKE, etc. Junk and high yield alternatives look pretty good right here too. I could see Valeant at zero in months.

[4matic]

Accusation is Valeant was running fraudulent billing accounts between co-parties to log fake revenue. Oldest trick in the book. That's what took Financial News Network down. I'll tell you the story if anyone wants to hear. SOX was supposed to help eliminate this specifically but compliance auditing is almost non-existent these days.