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Old 01-24-2013, 12:20 PM   #21
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The market goes up and the market goes down. Kind of like the tides and waves. You can get a stomach upset if you watch it too closely.
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Old 01-24-2013, 12:28 PM   #22
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It can't last forever.

Meanwhile, I must admit I am absolutely thrilled every day when I see my portfolio balances!! Wheee....!!!!



What a great ride!
Uh....Oh.! I think that means ...get ready to sell.....
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Old 01-24-2013, 12:34 PM   #23
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A market correction is generally defined as a drop in the averages of 10%. I do not see a drop like that for the markets, barring an unforseen calamity or congress screwing up the sequester/budget/continuing resolution thereby causing a market panic. Personally I do not see this as an entry point in general, preferring to wait until May. Might sell some at the money covered calls out to August to generate some cash.
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Old 01-24-2013, 12:43 PM   #24
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Uh....Oh.! I think that means ...get ready to sell.....
Well I thought it meant we should have already sold!
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Old 01-24-2013, 12:51 PM   #25
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I think all the Bud Light bottle labels must be in alignment for the market to change direction.
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Old 01-24-2013, 12:57 PM   #26
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I think all the Bud Light bottle labels must be in alignment for the market to change direction.
Or maybe all the Carlsberg bottles at a movie theater in Brussels...

Carlsberg stunts with bikers in cinema - YouTube
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Old 01-24-2013, 01:36 PM   #27
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Nothing goes up forever. There will always be a pullback, but the question is how big is the correction, whether it is temporary and how long with the pullback last before its starts the next leg up. A bull market climbs on the wall of worry. You always should have diversification in your investment. And do you listen to Bogle?
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Old 01-24-2013, 03:17 PM   #28
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I predict that the markets will go down in February and will oscillate wildly until the US gets its debt ceiling sorted out, and then there will be a bull market.

But what do I know? Your educated guess is as good as mine. But I hope I'm right.
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Old 01-24-2013, 03:38 PM   #29
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It interests me to see this thread. Ordinarily investors get turned on by rising prices. We have had essentially 4 years of rising prices. Why the bearishness? I don't have an opinion, but I wonder why apparently many others do.

Ha
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Old 01-24-2013, 03:40 PM   #30
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It interests me to see this thread. Ordinarily investors get turned on by rising prices. We have had essentially 4 years of rising prices. Why the bearishness? I don't have an opinion, but I wonder why apparently many others do.

Ha
Because we're a bunch of pessimistic, skeptical, risk averse, analytic, OCD navel gazers, that's why!

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Old 01-24-2013, 03:55 PM   #31
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What a tragedy!

If the market stayed at the level before W2R rung the bell, I would have had a nice daily gain. As it is now, I am staring at a loss of $77. Was quite a bit worse earlier, but the market recovered some.

Dow was still up, but S&P closed flat, and my diversified portfolio tracked the S&P more closely than the Dow.
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Old 01-24-2013, 03:56 PM   #32
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Because we're a bunch of pessimistic, skeptical, risk averse, analytic, OCD navel gazers, that's why!
'Cept me...
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Old 01-24-2013, 04:08 PM   #33
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'Cept me...
What do you gaze at instead?
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Old 01-24-2013, 04:20 PM   #34
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What a tragedy!

If the market stayed at the level before W2R rung the bell, I would have had a nice daily gain. As it is now, I am staring at a loss of $77. Was quite a bit worse earlier, but the market recovered some.

Dow was still up, but S&P closed flat, and my diversified portfolio tracked the S&P more closely than the Dow.
If you think THIS was bad, just wait....



As for me, today was another all time high. It's a little unnerving.
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Old 01-24-2013, 04:21 PM   #35
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What do you gaze at instead?
I'm an Air Force gazer...
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Old 01-24-2013, 04:27 PM   #36
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The stock market has been going straight up lately. Does anybody think a correction is imminent, and when a good entry point would be? Thanks.
I'm LOL! because I don't think your definition of "straight up" or perhaps your definition of "lately" are the same as mine. That probably means you define "correction" and "imminent" differently as well.

I have all my money riding on "LOL!'s Market Timing Newsletter" and I follow that strictly without any deviation.
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Old 01-24-2013, 04:48 PM   #37
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What a tragedy!

If the market stayed at the level before W2R rung the bell, I would have had a nice daily gain. As it is now, I am staring at a loss of $77. Was quite a bit worse earlier, but the market recovered some.

Dow was still up, but S&P closed flat, and my diversified portfolio tracked the S&P more closely than the Dow.
Up about $2K. I guess most of my actively managed funds were honest when they said they buy value stocks. The only actively managed fund in my portfolio that was down today was Contra which owns a chunk of Apple stock.
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Old 01-24-2013, 04:55 PM   #38
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The Dow 30 components tend to be dividend-paying stodgy companies and the opposite of the Nasdaq with growth stocks. The S&P is somewhere in the middle.

My portfolio does not really mirror the S&P, as it has higher concentrations of natural resource and industrial companies, in addition to many international stocks. Yet, on some days, it tracks the S&P reasonably close. I always find it interesting to watch from day to day.

PS. By the way, W2R has shown herself to be an evil sadist, despite the nice looking avatars that she used.
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Old 01-24-2013, 05:03 PM   #39
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It has been a good run. I reallocated a week ago to more bonds and felt ok about until I read the "get crushed in bonds" thread.
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Old 01-24-2013, 05:07 PM   #40
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PS. By the way, W2R has shown herself to be an evil sadist, despite the nice looking avatars that she used.
Who, me?

Here's an avatar that I used once, briefly. I admit, I was in a bit of a mood at the time.

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