Class of 2016-18 - Earning an MBA is never a bad idea :)

Great Advice

Most investing advice that is available is either too elementary or pointless/random.  The Motley Fool has some people who really know how to trade.  They tend to profess what i already do:

It's common knowledge that the point of investing is to buy low and sell high, but selling because your stocks went down is the exact opposite of that. Of course, if your stocks go down because of any of the reasons listed here, such as a fundamental change in the business, by all means go ahead and sell. However, if the price drop has little to do with the company itself, a price drop should be looked at as a buying opportunity, not a reason to panic.

Nintendo

So a bunch of people bought Nintendo stock since they heard that Pokemon Go had become very popular around the world.  Now those same people are learning that Nintendo does not even own the game.  People thought Pokemon Go would make Nintendo suddenly take over the gaming world or something along those lines.  Somehow they thought this would happen just from one popular game people play on their phones.  Nintendo only receives a sliver of the profit due to licensing fees.  The stock price exploded, then crashed.  The thing is, it crashed due to people being so excited they didn't realize who owned the game.  Normally a crash would be because popularity ended.  Interesting.
The stock price was around 18, then it shot up to around 38, then it crashed and is currently around 27.  It is still popular and may get even more popular.  If people weren't so ignorant and impulsive, the stock price would have quickly bumped up to the 20-22 range.

This is kind of funny.  People look stupid when they are wandering around together looking for pokemon with their phones.  It makes sense for people to look stupid for attempting to 'invest' in Pokémon.  From what I see, people are having fun looking for the pokemon but no one is actually playing the game where you make your pocket monsters fight each other.  That will probably describe the wane of popularity overall when it happens.

What now?

The sp500 is floating around 2162.  It is just sitting there.  There wont be a selloff until there is fear of losing money.  There is nothing to talk about in the news other than terrorism and shootings.   People are not worried about their money.  The wealthy are sitting tight for now.  The middle class is riding high with few worries.  What happens next?

Sp500 new high

And just like that, the market gaps up to new highs.  Trading is fairly quiet during the day. Price is giving soft love taps to 2155.  Lately its calm all day but then price gaps up in the morning.  The stair stepping thing. 

If all the action is in the open, then there might be people making longer term trades.  Who knows.  My 401k is at a new high total, thats cool.  Is the market pushing up before dropping down like in the brexit vote?  All i know is people are buying at all time highs.  How dumb is that?  That is like buying clothes after they raise the price instead of having a sale.  As King Louie said in Jungle Book... "cur-aaaz-eh"

History in the making

The sp 500 is making all time highs as we speak.  That should create excitement and coerce people to make trades. 

It was pushing up very slowly after the opening.  It would probably keep rising for a while.

As i type this it is hitting 2138.  It is an interesting time because i know there could be a record high breakout to the upside or there could be a major selloff falling down to 1300.

What i do like is how my oil stock is not correlated with the market day.  For a little while they were moving together.