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Archive for July, 2020

Posted by Martin July 26, 2020

Was this a blip?

Account Net-Liq: $5,534.40 SPX value: 3,215.63 Shiller PE: 29.97 Was the drop we saw last week a blip caused by the coronavirus and employment data no one cares about anyway anymore? It looks like it. As Jani said in his post, this may be just a wobble, bulls no longer care about anymore and we Continue reading →

Posted by Martin July 26, 2020

Problems with valuations

Account Net-Liq: $5,534.40 SPX value: 3,215.63 Shiller PE: 29.97 People keep screaming: “The market is overvalued!” Maybe. Investors use all sorts of metrics and formulas to calculate the valuation of the market. They use PE, Shiller PE, Buffett Indicator (typically a Wilshire 5000 Total market cap / GDP ratio) and according to all these metrics, Continue reading →

Posted by Martin July 25, 2020

Dividend stocks accumulation list July 2020

Account Net-Liq: $5,534.40 SPX value: 3,215.63 Shiller PE: 29.97 I updated my list of dividend stocks I plan accumulating this year (or in fact any year, as long as I accumulate them). My goal is to reach 100 shares of these stocks. Once I accumulate these shares, I will start selling covered calls to boost Continue reading →

Posted by Martin July 24, 2020

Markets losing it again, good or bad?

Account Net-Liq: $5,339.34 SPX value: 3,215.63 Shiller PE: 29.97 Markets continued down again today, as of this entry, S&P was down 0.84%. Normally, I would be OK with it if I didn’t have the SPX trade trying to get rid of it. I had to roll the puts down this time. But I decided to Continue reading →

Posted by Martin July 23, 2020

What I was worried about happened

Account Net-Liq: $5,287.47 SPX value: 3,235.66 Shiller PE: 30.16 In the morning that market rallied. So I rolled my SPX trade higher again. And of course, but the end of the day the market tanked down by -40.36 (-1.23%). And, of course, because I was rolling my puts higher too, to recoup some cash, now Continue reading →

Posted by Martin July 22, 2020

The market seems to ease the rally

Account Net-Liq: $4,976.45 SPX value: 3,276.02 Shiller PE: 30.53 The market seems to finally lose steam on its rally and today, it created an indecision candle and it even went red. True, when I write this entry, it is still too early in the morning and everything may change by the end of the day. Continue reading →

Posted by Martin July 21, 2020

So many sudden gurus

Account Net-Liq: $5,259.26 SPX value: 3,257.30 It is astonishing to see how many sudden investing and trading gurus popped out on social media, mainly on Youtube. It reminds me of my enthusiasm in 2008 when I decided to post about the market and my newly achieved knowledge of the market which no one ever knew Continue reading →

Posted by Martin July 21, 2020

The market is ripping it off rallying again

Account Net-Liq: $5,259.26 SPX value: 3,257.30 Another day with large gains and I do not see where do they come from. Another frustrating day where the market goes up 1%+ or down 1%+ and sometimes more. Where are the days where the market went up and down 0.30% and we considered it a huge gain? Continue reading →

Posted by Martin July 20, 2020

The market rallies again

Account Net-Liq: $$5,340.51 SPX value: 3,251.57 It is becoming quite frustrating that the market rallies again. It is weird. Everybody is pessimistic, everybody says that we are in a recession, we have new COVID-19 spikes and everybody is worried, yet the market rallies hard?!? Did everyone forget about the COVID? How come we sold off Continue reading →

Posted by Martin July 19, 2020

New week expectations

Account Net-Liq: $5,202.02 SPX value: 3,224.73 Expecting the new week and hope the market will be favorable to my trades. I hope to repair my SPX trade and make money on the existing open trades. I also finished reading Lifecycle Investing. I think it is a good book and worth re-reading a few more times. Continue reading →