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Anyone else hoping for a market plunge?
Old 09-07-2018, 02:46 PM   #1
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Anyone else hoping for a market plunge?

Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."

Anyone else share my daydream?
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Old 09-07-2018, 02:53 PM   #2
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No, I stay fully investing according to my AA, so "buying opportunities" would be wasted on me. It doesn't help to jump in on a 15% drop if I've missed out on a 25% run up.
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Old 09-07-2018, 02:56 PM   #3
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I did for a couple of years, but the relative leveling-off of the market recently has made me a bit more comfortable. In engineering lingo, an unstable system is one that over-reacts to stimuli. This market has been stimulated in unbelievable ways and remains stable. At some point we will take a hit, but we will ride it through just as we have for every other hit since 1987. So I am not hoping for a hit nor am I worrying about it. Just coasting.
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Old 09-07-2018, 02:59 PM   #4
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Nooooo! Although I think it may within a year. No crystal ball. I just like where it is and I'm not in accumulation phase anymore. I have plenty to buy low just don't have the years to make up the losses from a market plunge.


But good luck to all of you still fighting the good fight and working toward RE. I already found my "Big Rock Candy Mountain".






Cheers!
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Old 09-07-2018, 03:05 PM   #5
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Originally Posted by RenoJay View Post
Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."
Moving toward higher highs? Like where we'd be anyway without a plunge?

Plunges are inevitable. Taking advantage of them is wise; I always look for bargains when that happens.

But I don't see the connection of 'moving toward higher highs' and a severe market drop however. I don't see a plunge as a causation.

If you're just talking about a correction, I tend to ignore them. IMO, '08 was a once in a lifetime buying opportunity and a once in a lifetime lesson in not panicking.

But one could argue that the only thing '08 did was delay prices to get to where they would've been eventually at some point in time; it didn't accelerate 'higher highs'.
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Old 09-07-2018, 03:32 PM   #6
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Originally Posted by RenoJay View Post
Ok, this will be sacrilege to some, but I find myself daydreaming about a stock market plunge. The reason is that it's inevitable that it will occur at some point, there are a lot of indicators saying it should be relatively soon, and the sooner we get there, the sooner there will be buying opportunities and also the sooner we can start recovering from it and moving toward higher highs. As they say, "The waiting is the hardest part."

Anyone else share my daydream?
People in retirement would more than likely not share this daydream vs. perhaps some working folks.
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Old 09-07-2018, 03:37 PM   #7
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no please

Major sequence of returns risk for me. Of course, there ultimately will be some type of drawdown in the future. When......nobody knows. My budget is setup to survive a 30% drawdown.

That being said. I am staying fully invested. I'm fully diversified. I went through 1987 and everything up till today
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Old 09-07-2018, 03:40 PM   #8
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No, but I always like a "good dip"!
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Old 09-07-2018, 03:42 PM   #9
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Why?
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Old 09-07-2018, 03:58 PM   #10
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Yes, actually. Opportunity
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Old 09-07-2018, 04:04 PM   #11
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Nope. Not in the least.
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Old 09-07-2018, 04:07 PM   #12
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People in retirement would more than likely not share this daydream vs. perhaps some working folks.
Bingo! When I was w*rking, and accumulating, downturns meant I got more shares for my money.

On a side note, when I was working and nearing retirement (2015) I remember all the young folk cheering the recovery in stock prices. I reminded them that it was good for me, but they should be hoping for the market to stay down for a much longer time.
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Old 09-07-2018, 04:12 PM   #13
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Old 09-07-2018, 04:16 PM   #14
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I’d never hope for a downturn, but I’ve planned for it whenever it happens. I’m a long term investor, not a market timer.
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Old 09-07-2018, 04:21 PM   #15
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No, not sure why anyone would be HOPING for a plunge. It will happen and could last many years when it does.

For me not a good thing to hope for, there will be a bear market at sometime and I'm ready but many may not be.

Your time to invest when it heads south will come soon enough.
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Old 09-07-2018, 04:25 PM   #16
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No, not sure why anyone would be HOPING for a plunge. It will happen and could last many years when it does.

For me not a good thing to hope for, there will be a bear market at sometime and I'm ready but many may not be.

Your time to invest when it heads south will come soon enough.


Anyone who is not with 2-3yrs of fire should be hoping for a plunge, time to buy cheaply and severely reduces your odds of sequence of returns risk.
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Old 09-07-2018, 04:35 PM   #17
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The only thing a plunge will do for me would be to enable a greater percentage of my IRA to be converted to a Roth
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Old 09-07-2018, 04:35 PM   #18
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Not looking/hoping for one, but am prepared if it happens. Will it be fun? Most likely not...especially how the mouth breathers that present the "news" will spin it.
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Old 09-07-2018, 04:36 PM   #19
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Why?
Because I want to be able to sell into the next rally or I want to move from a outperforming sector into a underperforming sector or just want to arbitrage.
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Old 09-07-2018, 04:38 PM   #20
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Anyone who is not with 2-3yrs of fire should be hoping for a plunge, time to buy cheaply and severely reduces your odds of sequence of returns risk.
True, but something I wouldn't hope for because many could get hurt also.
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