Dow to drop over 4000 pts and other news at 11PM

[unno2002]

[FONT=&quot]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…[/FONT]

 

[Ed_The_Gypsy]

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

 

[ls99]

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.

I am with Sgt Schultz:

 

[norske69]

GREAT!! I have been waiting for a good buying opportunity!!

 

[HFWR]

GREAT!! I have been waiting for a good buying opportunity!!

Wait for the "Wheeeee!!!".

 

[Badger]

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!

 

[ETFs_Rule]

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

 

[mtheulen]

Please bring it on.I have cash!

 

[Ed_The_Gypsy]

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

 

[Ed_The_Gypsy]

We are OK, but my Play Money is gone.

Sent from my SM-G900V using Early Retirement Forum mobile app

 

[redduck]

... Have your Exit Strategy planned if it gets really nasty...

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".

 

[unclemick]

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.

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 -

 

[FiveDriver]

"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.

 

[REWahoo]

I'm not going to have to explain Exit Strategy at this stage of the Bull Market, am I ?

Nah. We've all heard how easy it is to sell high and buy low...