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Old 10-10-2008, 06:18 PM   #121
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Okay, you called my bluff. But this is the LAST TIME. I MEAN IT. And you better cuddle us for a while afterwards!
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Old 10-11-2008, 01:41 AM   #122
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I don't care where the market finishes. I just want that bottom.
Oh, c'mon, I can't be the only guy here thinking "Nice board, but I wonder if she really surfs..."
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Old 10-11-2008, 03:25 AM   #123
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board? surf?
Oh, I see, she's at a beach. Didn't even notice that the first five times, I looked at her picture.
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Old 10-11-2008, 03:42 AM   #124
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I am not sure if we are at the bottom or not... but If I had long-term money to invest... I would be moving it into the stock market in stages spread over a series of months (average it).

But all I am investing is my normal investments in the 401k.

Of course, my allocation now close to 52/48 where is was about 70/30 last year. My target was 60/40... which I was intending to rebalance to over the next couple of years.

But since I intend to ER in 3 years... I am not going to sell bonds and buy stocks... we could be looking at a longer recovery time.

What I intend to do is rebalance some of my stock allocations into areas that are beat down. For example, I want to get a little more international exposure. I will probably do that now or very soon.
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Old 10-18-2008, 01:11 AM   #125
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Gosh, I come back to this site looking for hope and investment advice during this turbulent time, open this thread and see butts! Don't make me post a naked Kathy Bates picture!
You can post all the naked Kathy Bates pictures you want as long as you post one picture of yourself while you were a dancer in SF.
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Old 10-18-2008, 09:09 AM   #126
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the bottom isn't going to come until everyone who has a crazy idea like mortgaging their house to "invest" will lose their money and get stomped out
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Bottom???
Old 10-18-2008, 09:17 AM   #127
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Bottom???

I'm going to put in 1/2 now and DCA the rest... That way I have a little satisfaction I did the right thing with at least 1/2 of it !!!
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Bottom? Top?
Old 10-18-2008, 09:32 AM   #128
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Bottom? Top?

Just looking.
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Old 10-23-2008, 09:54 AM   #129
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Did you realize that the S&P500 hit a 52 week low yesterday and is now 72.77% lower than the 52 week high?

Happy Haloween everybody!!!

Cheers,

Charlie
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Old 10-23-2008, 10:02 AM   #130
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Did you realize that the S&P500 hit a 52 week low yesterday ... ?
It's way below 5-year low...

Heading towards 10-year low!

HAPPY HALLOWEEN!
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Old 10-23-2008, 10:03 AM   #131
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Did you realize that the S&P500 hit a 52 week low yesterday and is now 72.77% lower than the 52 week high?
Actually, the intraday low was hit on October 10.
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Old 10-23-2008, 10:09 AM   #132
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Did you realize that the S&P500 hit a 52 week low yesterday and is now 72.77% lower than the 52 week high?
?? Yahoo says the 52 week range low is a low of 839.80 and a high of 1,552.76. That would show it 45.92% lower than the 52 week high, right?

What am I missing?
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Old 10-23-2008, 10:10 AM   #133
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At market open this morning, just bought 1000 XLKs, 1000 XLUs, and 500 XLPs.

Wish me luck.

Well, if I lose money, I still find solace in reading about people who bought at the "earlier bottoms", before I did.
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Old 10-23-2008, 10:13 AM   #134
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?? Yahoo says the 52 week range low is a low of 839.80 and a high of 1,552.76. That would show it 45.92% lower than the 52 week high, right?

What am I missing?
Your range includes the intraday high/low. Some people only look at market close.
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Old 10-23-2008, 10:14 AM   #135
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If the bottom and capitulation is reached when the public can no longer hack one more show or bit of news on the falling stock market...well, it must be at bottom or near then. I've reached that point this morning, and am sick of being sick to my stomach about all this. Enough! Call the freaking bottom today...
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Old 10-23-2008, 10:15 AM   #136
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Your range includes the intraday high/low. Some people only look at market close.
OK, but my point is the low is more like 46% off the 52 week high, not 72%....
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Old 10-23-2008, 10:16 AM   #137
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Oops...

Since I bought this morning, it cannot be the bottom, by definition.

Excuse me, as I rush off to sell...
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Old 10-23-2008, 10:27 AM   #138
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I think we are at the bottom as well.

There is too much bouncing up and down in this range for it not to be the bottom.

You can actually time the market here since we can see the bottom edge of 8500 for the DOW. There may be lots more up and down bouncing so buy in at 8500 and hold, or sell at 9000 if you want to speculate or day trade.
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Old 10-23-2008, 10:29 AM   #139
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Oops...

Since I bought this morning, it cannot be the bottom, by definition.

Excuse me, as I rush off to sell...
You don't need a market bottom to make money. I have been doing a fair bit of research on Buffet's previous stock buys...He never gets the bottom of the stock price. Often he buys good companies at a premium. When he buys into a tanking market he often buys a fair bit above the bottom.

He has the foresight and belief that the market and stock will eventually rise above his purchase price. As he states quite a bit, he doesn't care where the market is on a purchase...he just looks at the metrics of the stock and buys at a discount or when the stock is undervalued relative to its expected value in the future. He uses the dividend discount model to evaluate purchases, which anyone who is decent with numbers can employ.

His record stands alone, and he is buying into this market.
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Old 10-23-2008, 10:32 AM   #140
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R40,

I am not usually a technician or chartist, but agree with you that the volatility must die down, before we can start crawling ourselves out of this hole. Since I have a lot of cash (stop-loss tripping like crazy on the way down), I am attempting a bit of day trading. Didn't work for me before, but being stubborn as I am, keep telling myself I will get the hang of it someday... Sigh...

Never care to gamble in casinos, but this kind of market brings out the gambler in yourself, I am telling ya...
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