View Full Version : Stock Market Sell-off and Brokerages Down
BayouCountry
08-05-2024, 9:09am
Schwab site is down while a market correction is happening. I already moved back into a treasury ETF so it doesn’t affect me. Is a recession coming?
We're unable to authorize your access. Try again later.
This was my worry when AmeriTrade merged with Schwab. I never had problems with Ameritrade.
Others reporting that Vanguard is also down for maintenance.
BayouCountry
08-05-2024, 9:11am
Schwab finally posted a message:
Due to a technical issue, some clients may have difficulty logging in to Schwab platforms. Please accept our apologies as our teams work to resolve the issue as quickly as possible.
vettemed
08-05-2024, 9:32am
I can't log into Vanguard.
Unsuspicious
08-05-2024, 9:34am
No issues with fidelity.
But looks like everything is going on sale, time to load up.
GrandSportC3
08-05-2024, 9:35am
maybe a crash is coming, just in time for the election.. I'm not cheering for a crash but if it does happen, it will likely help Trump.
KenHorse
08-05-2024, 9:44am
maybe a crash is coming, just in time for the election.. I'm not cheering for a crash but if it does happen, it will likely help Trump.
The Commucrats will blame it on Trump and the sheeple will believe it
GrandSportC3
08-05-2024, 9:50am
The Commucrats will blame it on Trump and the sheeple will believe it
Most people will vote based on their situation and they will blame whoever is in power, rightfully or not rightfully. It doesn't matter.
Jughead
08-05-2024, 10:01am
This reminds me of the early days of internet brokerage accounts. System slowness, can't log on, difficult executing trades etc....
I'm not worried....stay the course.
Frankie the Fink
08-05-2024, 10:20am
This reminds me of the early days of internet brokerage accounts. System slowness, can't log on, difficult executing trades etc....
I'm not worried....stay the course.
Most gains after a drawdown happen in the first 10 days....market timing is a portfolio killer.
Moond0ggie
08-05-2024, 12:42pm
Schwab working now https://www.schwab.com/client-home....... No issues with TradeStation https://www.tradestation.com/
UVXY was made for days like this , it shot up to $65 , now around $55 (42% gain).....last week it was around $25 . (Holding 400)
https://finance.yahoo.com/quote/UVXY/
Frankie the Fink
08-05-2024, 1:03pm
Schwab working now https://www.schwab.com/client-home....... No issues with TradeStation https://www.tradestation.com/
UVXY was made for days like this , it shot up to $65 , now around $55 (42% gain).....last week it was around $25 . (Holding 400)
https://finance.yahoo.com/quote/UVXY/
Nice for a hedge but I wouldn't back up the truck to load up on it.
BRUIZER
08-05-2024, 1:10pm
Our RE investments are increasing exponentially annually.
Investing in corporations with bad actors ie hostile, anti-business governments globally is a recipe for disaster. Who didn't see the scam coming.
I can live on land and have access to it immediately. Not so much with a stock portfolio.
The ponzi scheme is about to go belly up. :yesnod:
I'm taking advantage of this free-fall. :takdir:
Now is the time to dump money on big stockholders; based on history, the markets always bounce back up.
I wish I had a few million for the great depression, black Monday, and 2008
107826
Schwab site is down while a market correction is happening. I already moved back into a treasury ETF so it doesn’t affect me. Is a recession coming?
We're unable to authorize your access. Try again later.
This was my worry when AmeriTrade merged with Schwab. I never had problems with Ameritrade.
Others reporting that Vanguard is also down for maintenance.
I’d had an Ameritrade account for years, margin account, traded options for a while, always had good service. When they got swallowed by Schwab I transferred everything to Fidelity. I no longer trade on margin or do options. It’s too bad, Ameritrade was a great, easy to maneuver platform.
Frankie the Fink
08-05-2024, 3:50pm
Our RE investments are increasing exponentially annually.
Investing in corporations with bad actors ie hostile, anti-business governments globally is a recipe for disaster. Who didn't see the scam coming.
I can live on land and have access to it immediately. Not so much with a stock portfolio.
The ponzi scheme is about to go belly up. :yesnod:
Exponentially ? Really...
04 commemorative
08-05-2024, 3:53pm
The market goes up....the market goes down.....rinse and repeat
Frankie the Fink
08-05-2024, 3:55pm
Peter Lynch said its not always the smartest person that makes money in the stock market, its the ones with the strongest stomachs.
Torqaholic
08-05-2024, 4:08pm
Read yesterday that Warren Buffet sold off all his stock holdings but don't quote me on that. I don't vouch for the veracity of any news article. This could be what's driving the craziness you guys are concerned with?
He's apparently anticipating a market crash? Don't know about that but he'll have a butt-load of cash to reinvest if/after it does. Wants to be a trillionaire :rofl:
vettemed
08-05-2024, 4:13pm
Read yesterday that Warren Buffet sold off all his stock holdings but don't quote me on that. I don't vouch for the veracity of any news article. This could be what's driving the craziness you guys are concerned with?
He's apparently anticipating a market crash? Don't know about that but he'll have a butt-load of cash to reinvest if/after it does. Wants to be a trillionaire :rofl:
He didn't sell ALL, but he did sell a considerable amount. He's been in T-Bills for a large portion of his investments.
MidLifeinMI
08-05-2024, 4:36pm
He didn't sell ALL, but he did sell a considerable amount. He's been in T-Bills for a large portion of his investments.
He sold about half of his AAPL stock; I'm sure that only added to today's big selloff. Stay the course.:yesnod:
Moond0ggie
08-05-2024, 4:59pm
Nice for a hedge but I wouldn't back up the truck to load up on it.
Yes, and its not good for holding , best for in & out trades .
I have felt that this market has been manipulated & has been at the frothy peak & due for a reality check, so I'll be a lot more
attentive now that it has become widely apparent & people will be scrambling to preserve all their gains & start heading for the exits.
UVXY had a 58% gain today at closing , not sure about tomorrow, if people are going to buy the dips or continue to sell for safety ?
BRUIZER
08-05-2024, 5:26pm
Exponentially ? Really...
Rapidly...yes.
Have you peeped land/home price trends in SW MT over the last five years? We're far ahead of our original projections from a number of years back. So much so, we've decided to stay another 18-24mos to finish/start/finish two additional high-density housing developments that sort of fell in our (the wife) lap. If it were up to me, I just wanted to stay in north central ID and fish/hunt with family. The wife had other plans (turning short-term into long-term plans) apparently. :Jeff '79:
Farm land to condo/apartment housing is the new trend in rural America...who f'ing knew :Jeff '79: This one took aprox nine months once ground was broke. The number of current housing developments ongoing here is mind-boggling honestly.
107839
107840
I'm certain other areas of the US are seeing similar growth at this point in time.
NEED-A-VETTE
08-06-2024, 12:01am
https://x.com/alifarhat79/status/1820526271224508874?s=46&t=SgvQfLYNggwY7GXoXGPnsw
NEED-A-VETTE
08-06-2024, 12:03am
maybe a crash is coming, just in time for the election.. I'm not cheering for a crash but if it does happen, it will likely help Trump.
I was thinking the same thing.
maybe a crash is coming, just in time for the election.. I'm not cheering for a crash but if it does happen, it will likely help Trump.
Quite possible! As far as the upcoming election it appears that the Covid Charlie Foxtrot is starting to grow, just in time for the election, fueled by the media & CDC!
Been playing the market before the Exxon Valdez 1989 puked out all that oil. I survived well. (also picked up some more of that stock after it had been beat down:D)
A couple thoughts its only a loss when/if you sell. What goes up will go down and visa versa! Over the course of time standing firm you will come out OK.
Also my favorite, you got to have a cast iron stomach to play the market!
Frankie the Fink
08-06-2024, 10:04am
Rapidly...yes.
Have you peeped land/home price trends in SW MT over the last five years? We're far ahead of our original projections from a number of years back. So much so, we've decided to stay another 18-24mos to finish/start/finish two additional high-density housing developments that sort of fell in our (the wife) lap. If it were up to me, I just wanted to stay in north central ID and fish/hunt with family. The wife had other plans (turning short-term into long-term plans) apparently. :Jeff '79:
Farm land to condo/apartment housing is the new trend in rural America...who f'ing knew :Jeff '79: This one took aprox nine months once ground was broke. The number of current housing developments ongoing here is mind-boggling honestly.
107839
107840
I'm certain other areas of the US are seeing similar growth at this point in time.
More high density housing in pristine, rural areas, that's what has Florida with so many "ghettos with a future".
Yes, and its not good for holding , best for in & out trades .
I have felt that this market has been manipulated & has been at the frothy peak & due for a reality check, so I'll be a lot more
attentive now that it has become widely apparent & people will be scrambling to preserve all their gains & start heading for the exits.
UVXY had a 58% gain today at closing , not sure about tomorrow, if people are going to buy the dips or continue to sell for safety ?
THANK YOU :takdir::thumbs::mirror::flag::cert:
Yes, and its not good for holding , best for in & out trades .
I have felt that this market has been manipulated & has been at the frothy peak & due for a reality check, so I'll be a lot more
attentive now that it has become widely apparent & people will be scrambling to preserve all their gains & start heading for the exits.
UVXY had a 58% gain today at closing , not sure about tomorrow, if people are going to buy the dips or continue to sell for safety ?
I can't believe it's at $44 now. Dang it! I was able to buy only 50 shares.
I'm considering starting a GoFundMe campaign to invest in.
I still remember when someone bought a $2 Pep Boys antenna for his C4 and I started a GoFundMe for him. I ended up getting a two-week ban.:funniest:
Unsuspicious
08-06-2024, 11:19am
I missed the LUMN pop. Didn't take profits the first pop, saw it drop, ran away only to have it pop again starting after hours yesterday. I'm bad at this. :sadangel:
Nevermind, I got back in before the earnings call today. It's poppin off closer to 9 now. I was in at 2 but had to get back in at 4. Profit is profit.
I'm actually not at all surprised by Warren Buffet trimming his exposure to AAPL. It has been on an incredible tear for years, so anyone who bought well is WAY ahead. Growth, especially revenue growth, is bound to slow down sooner or later, and honestly, as much as I like the stock and as much as it has helped me to an early retirement, I struggle to support the idea that it is NOT currently at least a little overvalued. As a result, my wife and I have been talking about trimming our position later this year, or possibly early next year. IMO, NOT a harbinger of some sort of market implosion.
dvarapala
08-06-2024, 4:12pm
I'm actually not at all surprised by Warren Buffet trimming his exposure to AAPL. It has been on an incredible tear for years, so anyone who bought well is WAY ahead. Growth, especially revenue growth, is bound to slow down sooner or later, and honestly, as much as I like the stock and as much as it has helped me to an early retirement, I struggle to support the idea that it is NOT currently at least a little overvalued.
Buffet decided to take some of his AAPL gains now while the corporate tax rate is still 21%, believing that the tax rate will be going up soon. :yesnod:
Buffet decided to take some of his AAPL gains now while the corporate tax rate is still 21%, believing that the tax rate will be going up soon. :yesnod:
How do you know that? Can you read his mind?
Not that it matters. Taking profits when it makes sense to take profits isn't a very hard concept to grasp. :shrug:
dvarapala
08-06-2024, 5:59pm
How do you know that? Can you read his mind?
:lol:
No, I know it because he said so.
https://youtu.be/zecjFAPHjVg?t=229
tjfontaine
08-06-2024, 7:23pm
I just BOUGHT Apple today ... a BUNCH .... I will hold to 230 then sell. I have done this frequently since 2010. It helped pay for my vacation house. I keep a war chest of cash on hand and buy on the dip and don't get greedy on the sell.
Moond0ggie
08-06-2024, 7:24pm
I can't believe it's at $44 now. Dang it! I was able to buy only 50 shares.
I'm considering starting a GoFundMe campaign to invest in.
I still remember when someone bought a $2 Pep Boys antenna for his C4 and I started a GoFundMe for him. I ended up getting a two-week ban.:funniest:
UVXY is a tricky trade , as all the market indicators seem like a drop is eminent , but theres a lot of manipulation fighting to hold it
up , being so close to election , so they can claim the Dems have been good for a strong market .
I should have sold 1/2 of my 400 yesterday at close @ $61. , but I thought the fear would continue to spread today......
I still believe we are in for a major correction .
:lol:
No, I know it because he said so.
https://youtu.be/zecjFAPHjVg?t=229
This explanation, on the face of it, makes no sense. Unless he sold because he wants to spend the money on another mansion, or stuff it in his mattress, he is going to deploy the proceeds from the AAPL sale into something else, and if he is right about rising tax rates, he'll be paying those higher rates on the returns of that other asset, so he fails to escape the rising rates with this tactic.
What did I miss? The S&P is at the same place it was a couple months ago. :eek:
107904
Jughead
08-07-2024, 7:32am
True but we have to panic!
:lol:
SurfnSun
08-07-2024, 7:56am
Fortunately I dumped NVIDIA 2 weeks ago, but unfortunately I held TSLA, glad to still be up on it.
Plan is to have cash ready if the market adjusts
Unsuspicious
08-07-2024, 10:34am
I'm reducing my count of individual stocks, but I had used VMEO as a stock to buy when I had a few dollars from dividends or left over after buying indexes. My rationale was that YouTube is shitting the bed so buy their competitor.
But VMEO popped off for a quick 30some percent profit so I exited today. Still believe in the company but hoping it was just short term hype spike from news and I'll return lower.
dvarapala
08-07-2024, 10:42am
This explanation, on the face of it, makes no sense. Unless he sold because he wants to spend the money on another mansion, or stuff it in his mattress, he is going to deploy the proceeds from the AAPL sale into something else, and if he is right about rising tax rates, he'll be paying those higher rates on the returns of that other asset, so he fails to escape the rising rates with this tactic.
Maybe he's investing the proceeds in tax-exempt bonds? :shrug:
I think you should go post your question in the comments to that video. Maybe Warren will clarify. :lol:
STAY
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:barnbabe: Be Still O' Heart . . . Be Still . . .
Ya know, Broke People seem to be Happier People ~ Less to Give A F()CK about :dance:
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