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Old 06-24-2016, 06:09 AM   #61
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Oooooooh - might be one of those mini crash mornings where ETFs can't open properly and people can't get online with their brokerage. Hope no one has stop losses set up!
Might also be a good morning to put in some low-ball buy orders if looking to start or add to positions.
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Old 06-24-2016, 06:48 AM   #62
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These articles are clickbait and it's sad to think how many people never make the returns posted by most mutual funds because they pile in when the values are up and sell in a panic in times like these.

In my pre-retirement days these dips were even easier to take because I was putting away so much new money and buying at bargain prices. When the dust settles I'll probably move some of my free cash into SPY.
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Old 06-24-2016, 07:04 AM   #63
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A couple of other interesting points (to me, anyway):
  • Glad to see Boston (District) was allowed to vote - over 75% voted to leave
Have ancestors from Gedney (Drove End).
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Old 06-24-2016, 07:38 AM   #64
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Dow already down 500 points. I should have taken my own advise and converted to cash yesterday and got back in later today. My 401k is now melting.
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Old 06-24-2016, 07:39 AM   #65
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Goodbye 401k gains...nice knowing you. Time to shove more money in my index funds.
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Old 06-24-2016, 07:40 AM   #66
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Initial market results show DJIA hovering around -500 pts. (~-2.7%)

If this is as low as we go, then we may have dodged a bullet by not making any changes.
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Old 06-24-2016, 07:44 AM   #67
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LOL, I'm not doing a blessed thing. I've got a year's expenses in cash so absolutely no need to change course.

I may buy some british pounds. I'm planning on going to London next year and if the the value drops it maybe a nice little bonus
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Old 06-24-2016, 07:50 AM   #68
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meh
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Old 06-24-2016, 08:12 AM   #69
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Dow already down 500 points. I should have taken my own advise and converted to cash yesterday and got back in later today. My 401k is now melting.
The only thing we knew yesterday was things were going to be volatile for a while.

When a storm is coming, hunker down. Best way not to get washed overboard when it hits

[Edit] I'm actually flat today in my index tracker. The euro dropped just about the same as the S&P. Individual shares down 1.5% (due to ArcelorMittal taking a >10% nose dive).
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Old 06-24-2016, 08:13 AM   #70
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Wow. Are there really people smart enough to be on this board, thinking about their future panicking over this?
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Old 06-24-2016, 08:21 AM   #71
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Every time I buy or sell based on Market sentiment, I lose. I rather do nothing and watch. Hopefully the US$ will remain the prime world reserve currency for at least near future and US economy continue to stay #1 in the world.

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Old 06-24-2016, 08:26 AM   #72
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Every time I buy or sell based on Market sentiment, I lose. I rather do nothing and watch. Hopefully the US$ will remain the prime world reserve currency for at least near future and US economy continue to stay #1 in the world.
I didn't just buy because of market sentiment or my own fear/greed per se. I just bought more international equities because my AA was out of whack as this hammering of international stocks left my AA too low on that asset class.
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Old 06-24-2016, 08:27 AM   #73
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Wow. Are there really people smart enough to be on this board, thinking about their future panicking over this?

Gee, I didn't think you had to be smart to be on this board but I'm not seeing much panic here. More like opportunism (is that a word?). It seems like it's the pros that are creating the volatility. It's not like any immediate action will come out of this. It'll take years but the uncertainty generates knee jerk response.


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Old 06-24-2016, 08:44 AM   #74
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I already put in orders this morning. There are those who do nothing or run...and there are those who run into the fire!
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Old 06-24-2016, 08:46 AM   #75
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Gee, I didn't think you had to be smart to be on this board....
I stand corrected!
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Old 06-24-2016, 08:46 AM   #76
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Initial market results show DJIA hovering around -500 pts. (~-2.7%)

If this is as low as we go, then we may have dodged a bullet by not making any changes.
Our market can change this much on a whim, so it's really a non-event.

I did put in a small order to pick up something cheap, but it looks like it won't get cheap enough, so no deal.
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Old 06-24-2016, 08:53 AM   #77
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It's just a lot of noise in the long run.
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Old 06-24-2016, 08:56 AM   #78
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It's just a lot of noise in the long run.
No one even knows what will happen, which is the main reason for the selloff and volatility -- markets hate uncertainty even more than bad news.
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Old 06-24-2016, 09:10 AM   #79
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There is always uncertainty. Markets just forget that occasionally.
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Old 06-24-2016, 09:31 AM   #80
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Well I recorded my portfolio value yesterday. Today I can see how many cars I could have bought with the loss. I don't remember any single day shifts this big (for international) even during the great recession.
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