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01-24-2013, 12:20 PM
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#21
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Full time employment: Posting here.
Join Date: Jun 2006
Posts: 927
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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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RN, BSN-(ret)
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01-24-2013, 12:28 PM
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#22
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Posts: 1,994
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Quote:
Uh....Oh.! I think that means ...get ready to sell.....
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01-24-2013, 12:34 PM
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#23
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Thinks s/he gets paid by the post
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
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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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"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
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01-24-2013, 12:43 PM
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#24
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Well I thought it meant we should have already sold!
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01-24-2013, 12:51 PM
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#25
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,645
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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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01-24-2013, 12:57 PM
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#26
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Or maybe all the Carlsberg bottles at a movie theater in Brussels...
Carlsberg stunts with bikers in cinema - YouTube
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Numbers is hard
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01-24-2013, 01:36 PM
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#27
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 576
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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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01-24-2013, 03:17 PM
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#28
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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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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01-24-2013, 03:38 PM
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#29
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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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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"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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01-24-2013, 03:40 PM
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#30
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Quote:
Originally Posted by haha
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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Because we're a bunch of pessimistic, skeptical, risk averse, analytic, OCD navel gazers, that's why!
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01-24-2013, 03:55 PM
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#31
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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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01-24-2013, 03:56 PM
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#32
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by Meadbh
Because we're a bunch of pessimistic, skeptical, risk averse, analytic, OCD navel gazers, that's why!
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'Cept me...
__________________
Numbers is hard
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01-24-2013, 04:08 PM
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#33
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Full time employment: Posting here.
Join Date: Dec 2010
Posts: 576
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What do you gaze at instead?
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01-24-2013, 04:20 PM
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#34
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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01-24-2013, 04:21 PM
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#35
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by bondi688
What do you gaze at instead?
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I'm an Air Force gazer...
__________________
Numbers is hard
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01-24-2013, 04:27 PM
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#36
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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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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01-24-2013, 04:48 PM
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#37
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Posts: 2,525
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Quote:
Originally Posted by NW-Bound
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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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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01-24-2013, 04:55 PM
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#38
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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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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01-24-2013, 05:03 PM
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#39
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Moderator Emeritus
Join Date: Aug 2007
Location: Northern Illinois
Posts: 16,543
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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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01-24-2013, 05:07 PM
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#40
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,473
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Who, me?
Here's an avatar that I used once, briefly. I admit, I was in a bit of a mood at the time.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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