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06-10-2015, 11:28 AM
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#21
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Thinks s/he gets paid by the post
Join Date: May 2013
Location: OKC
Posts: 2,771
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 Quote:
Originally Posted by FiveDriver
If you visit the MarketWatch site often enough, you will see those kinds of headlines are a regular occurrence on there. It's click-bait - nothing more.
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^ This.
I rarely see real journalism anymore. It's nothing more than "catchy" headlines that lure people in to waste their time and get their eyes on some advertisements (or 12 of them). Even our local paper has gone to posting stories about...nothing. There are more "stories" about H.S. sports than anything of real substance. What's even more annoying is when something DOES happen that can effect local people, they report it 5 days after the fact, if at all.
Here's a fine example of the "trending" items on Facebook. Granted, this isn't from a news source per se, but any of those links WILL send you to a "news site" so it's a defacto news feed.
Oh wait...there is real news there...someone is mad they showed a DEAD DINOSAUR on Jurassic Park!?! Why couldn't they find one that was ALIVE?!? 
__________________
__________________
Retired in 2014 at the Ripe Age of 40
Founder and Head Lounger @ The Life of Leisure Institute
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06-10-2015, 12:19 PM
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#22
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 13,537
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As soon as they find a planet with intelligent life...
__________________
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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06-10-2015, 12:33 PM
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#23
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Moderator Emeritus
Join Date: Oct 2007
Posts: 4,930
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Meh. Someone's selling their book, I see.
I'm sure the vast majority of stock investors have no idea whatsoever that the Federal Reserve has even the merest inkling of a concept to perhaps raise interest rates, and when the overnight rate suddenly bumps up slightly the wave of shock and panic will devastate the market, because as we all know the market is no good at this whole 'pricing' thing.
Attachment 21853
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06-10-2015, 01:43 PM
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#24
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Moderator
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 15,647
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Down 22% from its peak isn't exactly a doomsday scenario. It's happened many times. It's a pretty significant bear market, but in both 2000-02 and 2008-09 the market went down much more than this on a percentage basis. Hardly uncharted waters there.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
RIP to Reemy, my avatar dog (2003 - 9/16/2017)
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06-10-2015, 02:50 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,867
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__________________
A totally unblemished life is only for saints.
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06-10-2015, 11:23 PM
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#26
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Recycles dryer sheets
Join Date: May 2014
Location: Yuma AZ
Posts: 270
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Ah… Black Monday, October 19, 1987. I was on a cross country flight, and the pilot announced the market crash.. I cheered… My investment discussion group had decided Friday morning to sell everything…
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06-11-2015, 08:45 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,329
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I am sure there will be a 22% fall. And a 50%fall. Someday.
As long as my dividends keep coming, it is OK.
Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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06-11-2015, 12:10 PM
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#28
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Thinks s/he gets paid by the post
Join Date: May 2008
Posts: 4,939
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Quote:
Originally Posted by UnrealizedPotential
We all like to think we know more in life than we actually do. This applies to the stock market as much as anything else.
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I am with Sgt Schultz:
__________________
There must be moderation in everything, including moderation.
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06-11-2015, 12:34 PM
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#29
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Confused about dryer sheets
Join Date: Jan 2007
Posts: 5
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GREAT!! I have been waiting for a good buying opportunity!! 
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06-11-2015, 12:48 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: May 2005
Location: Lawn chair in Texas
Posts: 13,537
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Wait for the "Wheeeee!!!".
__________________
Have Funds, Will Retire
...not doing anything of true substance...
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06-11-2015, 12:57 PM
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#31
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Thinks s/he gets paid by the post
Join Date: Nov 2008
Posts: 1,040
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If I understand correctly that would be a good time to convert more traditional IRAs to Roth IRAs without going into a higher tax bracket. I have already been converting for the last few years but it is something I need to do more of soon before I reach 70.5.
Cheers!
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06-14-2015, 07:55 PM
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#32
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gone traveling
Join Date: Nov 2013
Location: Los Angeles
Posts: 202
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MarketWatch is WORLD FAMOUS for constantly and repeatedly posting predictions of a stock market crash. Ask yourself if everyone knows that Janet Yellen is probably going to raise rates soon then why did stocks recently hit a new record high?
Oct 10, 2014: "Investor who predicted the subprime crisis says stocks will fall 10%-plus"
Dec 2, 2014 "Stock-Market Correction Eminent"
Jan 15, 2015: "Wall St. braces for shock waves from Swiss move"
Feb 23, 2015: "10 reasons U.S. stocks may see a 10%-20% correction by July"
March 25, 2015: "Stocks are overvalued and headed for trouble: analyst"
March 31, 2015: "Best time to sell stocks and go away starts tomorrow"
"Avoid weekend thinking and ignore the latest dire predictions of newscasters." -- Peter Lynch
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06-14-2015, 08:09 PM
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#33
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Recycles dryer sheets
Join Date: May 2013
Location: Laveen
Posts: 58
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Please bring it on.I have cash!
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06-15-2015, 12:00 AM
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#34
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,329
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The correction has started early for me. I am down 16% since peak in Nov due to my bet on oil & gas. Even pipelines are down, for no good reason AFAIK. Dividends are holding--for now. I may have to go back to w*rk.
Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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06-16-2015, 10:45 AM
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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: Dec 2004
Location: the City of Subdued Excitement
Posts: 5,329
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We are OK, but my Play Money is gone.
Sent from my SM-G900V using Early Retirement Forum mobile app
__________________
my bumpersticker:
"I am not in a hurry.
I am retired.
And I don't care how big your truck is."
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06-16-2015, 05:57 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Mar 2005
Location: yonder
Posts: 2,730
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Quote:
Originally Posted by FiveDriver
... Have your Exit Strategy planned if it gets really nasty...
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I would like to follow your suggestion. But, I'm not sure what your idea of "really nasty" is. I'd also like hear more about your "Exit Strategy".
__________________
When the people shall have nothing more to eat, they will eat the rich--philosopher Jean-Jacques Rousseau
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06-16-2015, 06:14 PM
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#37
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,519
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Quote:
Originally Posted by W2R
4000 points? Is that all? Piece o' cake. (yawn!)
2008-2009 was a great training exercise for us and after dealing with that crash and coming out of it nicely (as many of us did), such a drop would seem like child's play.
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1987 mentioned in article. After that little drop I violated my stay the course rule 60/40 and went 100% stock in my 401k for several years which really boosted my progress toward ER.
heh heh heh -  
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06-17-2015, 09:15 AM
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#38
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Recycles dryer sheets
Join Date: May 2015
Location: Charleston, SC
Posts: 212
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"Keep your powder dry. Have your Exit Strategy planned if it gets really nasty. But relying on MarketWatch for anything more than their daily charts is not a good thing."
I'm not going to have to explain Exit Strategy at this stage of the Bull Market, am I ??
It's up to the individual investor to set their threshold as it concerns "nasty" vs "really nasty". I had a mental Stop-Loss percentage on my 401K in 2000 that saved my bacon.
__________________
"He has all of the virtues I dislike and none of the vices I admire." -- Sir Winston Churchill
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06-17-2015, 09:24 AM
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#39
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 44,790
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Quote:
Originally Posted by FiveDriver
I'm not going to have to explain Exit Strategy at this stage of the Bull Market, am I ?
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Nah. We've all heard how easy it is to sell high and buy low... 
__________________
__________________
Numbers is hard
Charter resident of the lumpen slums of cyberspace
Retired in 2005 at age 58, no pension
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