Stock Investments

[The Wizard of Moz]

Has anyone used interactive brokers as a brokerage?

Getting sick and tired of missing out on short sells because scottrade doesn't have the shares to lend.

Also ETRM. If you can short it I recommend it. I'm helplessly watching it tumble while my brokerage laughs in my face.

 

[DJTJ]

Has anyone used interactive brokers as a brokerage?

Getting sick and tired of missing out on short sells because scottrade doesn't have the shares to lend.

Also ETRM. If you can short it I recommend it. I'm helplessly watching it tumble while my brokerage laughs in my face.

ugh, i wanna say my friend uses the first. I'll have to check, but won't see/talk to him for about a week.

 

[The Wizard of Moz]

Anyone wanna hear a joke?

Spoiler

chipolte's stock

 

[caf]

Anyone wanna hear a joke?

Spoiler

chipolte's stock

GE is tanking as well. I've read talk of them being removed from the DOW which they've been on since 1907.

On the other hand I have been killing it with FSELX. Bought in the mid $80s. Now at $120 WITH a 3% dividend yeild. Love that MF.

 

[The Wizard of Moz]

Yeah, so at this point this has to be called a crash and not a correction, right?

If it was JUST the indices dropping then you could make a case that it's a correction. But good God the VIX is losing its mind. Today it more than DOUBLED the previous high of percentage move in an intraday trading session. Literally up 116%

And the VIX has been a non stop upward trend for a week now

There has been ONE instance of very brief support during this sell off. This morning. And it ended up getting completely overtaken.

I think more is coming.

 

[Lee]

Yeah, so at this point this has to be called a crash and not a correction, right?

If it was JUST the indices dropping then you could make a case that it's a correction. But good God the VIX is losing its mind. Today it more than DOUBLED the previous high of percentage move in an intraday trading session. Literally up 116%

And the VIX has been a non stop upward trend for a week now

There has been ONE instance of very brief support during this sell off. This morning. And it ended up getting completely overtaken.

I think more is coming.

A crash is a market correction. A crash is the panic word, but technically all ups and down over time are just market corrections.

But yes, ofcourse the market will go down, it has gone up for too long. But guess what, after it goes down, it will go back up.

 

[The Wizard of Moz]

A crash is a market correction. A crash is the panic word, but technically all ups and down over time are just market corrections.

But yes, ofcourse the market will go down, it has gone up for too long. But guess what, after it goes down, it will go back up.

Generally the terms are used to indicate severity.

My point is I think that the slide is not yet over

 

[Lee]

Generally the terms are used to indicate severity.

My point is I think that the slide is not yet over

No way is it over, could take 6 months to slide all the way, could take 2 years, market corrections are always a thing. I get what you are saying, just making a point that the term crash is drastically over used.

But i see the market going well below 20k on the dow side, although the dow is a horrible indicator in itself, it is the one generally used.

 

[Lee]

Generally the terms are used to indicate severity.

My point is I think that the slide is not yet over

So I am a big believer in graphic highs and lows to indicate market resistance. If you look at the Dow, there really isnt resistance for a major market correction until we get to 18,000. ( a bit above, but close)

So it would not be out of line for a full 25% market correction over the next year. No, that will not be fun, but this is what happens when it goes up to quick.