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Old 10-27-2011, 05:55 PM   #21
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Well, I just saw this ignorance demonstrated on Cash Cab. The question was, "Named after the Senator who proposed it, what saving plan provides tax free withdrawals after retirement?" The guys in the cab didn't know and the street shout out came up with Wellstone as the answer.
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Old 10-27-2011, 06:03 PM   #22
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I think what's really important here is that the Saint's came back and stomped poor Indy after the Tampa Bay fiasco.

And yes I'm still pretty much full auto in Target Retirement(aka balanced index fund).

In both cases did I stay the course and not watch or get all emotional? Well not exactly. So I peeked but I stayed the course.

heh heh heh - Geaux Saint's. Full auto hurry up just stand there.

9 individual stocks(ex DRIP Plans) left - for the hormones in case football fails me.
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Old 10-27-2011, 06:17 PM   #23
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It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since 74, Euro Rises
While all this is true, and more, and consumer sentiment is below 50 (47?), 3Q corporate profits are reasonably good, and outlooks are stable. 3Q GDP growth wasn't great at 2.5%, but much better than last quarter. And, if by default, every quarter further away from this mess we get, the closer we'll be to reducing the excess housing inventory. Along this same line, the average age of our auto fleet is increasing, and those cars will need to be replaced. Not to mention a brazillion dollars on corporate balance sheets.

I'm still 45% bonds, 35% stocks, 10% cash, and 5% each in a REIT and a commodities fund. And with all the volatility of late, my 25% rebalance bands have only been triggered once, so no shuffling since late spring. Coincidentally, I'm about 5% down from the all-time high, with a standard deviation approching infinity...
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Old 10-27-2011, 06:24 PM   #24
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I rebalanced in May. The mkt never did go down enough for me to rebalance again....

I reckon I'll wait it out.

In the meantime it is nice to see the portfolio grow...
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Old 10-27-2011, 06:36 PM   #25
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I took some profits today.
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Old 10-27-2011, 06:54 PM   #26
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It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since 74, Euro Rises
Perhaps it's easier to understand if you consider that there is money around looking for a home. It has to light somewhere. What matters is not how much unemployment there is, but where there is the least unemployment. Where are there the fewest riots? Where are national debts least out of control? Which economies are least likely to collapse?
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Old 10-27-2011, 07:12 PM   #27
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It was already down over 60 points to 340 before the market closed...
That was me....sorry about that
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Old 10-27-2011, 08:04 PM   #28
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Man, I wish we could see 2008/2009 bear markets again. What a buying opportunity! Even a May 2010 flash crash would be awesome. This going up 400 points in a day isn't helping my dollar cost averaging and attempt to buy low. I mean, making half a year's salary in a day is cool and all, but I like buying stuff on the cheap.
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Old 10-27-2011, 08:40 PM   #29
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My portfolio hardly moved today. My preferred shares and REITs got a little boost, but mostly by less than 1%.

On the other hand, if ( when ) the correction occurs, my portfolio will not decline as quickly.

Suits me fine, as at my age I'm more concerned with capital preservation, so as long as I have my dividend and bond income, I am OK.

Doing OK with some naked puts, however. May buy to close and take profit next week if this market rise continues tomorrow.
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Old 10-27-2011, 08:48 PM   #30
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It's crazy - - unemployment is out of sight, people are rioting all over the world, national debts are spiraling upwards, economies are said to be teetering on the brink of collapse, and yet the S&P 500 Extends Best Month Since 74, Euro Rises
W2R, nobody ever said the market was based on logic. If it was, we'd all be flying high. As you said it's crazy. That's why I'm not in it anymore. I sleep so good at night.
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Old 10-27-2011, 11:31 PM   #31
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I am going to make a wild prediction--

DOW 20000 by the end of 2015.

Housing will turn around by then and we will see the economy running on all cylinders.

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Still plenty of room to run. Patience, grasshopper.
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Old 10-27-2011, 11:45 PM   #32
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I am going to make a wild prediction--

DOW 20000 by the end of 2015.

Housing will turn around by then and we will see the economy running on all cylinders.
Is this a whee?
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Old 10-28-2011, 06:03 AM   #33
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I am going to make a wild prediction--

DOW 20000 by the end of 2015.

Housing will turn around by then and we will see the economy running on all cylinders.
You do realize that in 2015, we will all remind you of this prediction?
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Old 10-28-2011, 07:02 AM   #34
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See? I just *knew* it would go down.
The DAX and FTSE are maginally lower today at mid day.
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Old 10-28-2011, 07:31 AM   #35
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The DAX and FTSE are maginally lower today at mid day.
Well, we shall see. I can hardly wait until the US markets open. Even though I'm pretty much a buy-hold-rebalance type, I still think it's exciting to watch and try to guess what will happen next.
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Old 10-28-2011, 07:34 AM   #36
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For entertainment purposes I listen to various money mgrs on the radio, two weeks ago all 3 said their market indicators are showing the market will be dropping and they all recommend getting out and buying on the dips. Apparently there were hammer bottoms and this is the start of an ABC or Elliot wave which is causing 200 day moving averages converging on the Fourier transform derivative.
So lets see if I got this right: If I was a client I would have just missed out on a 20% upswing PLUS you are charging 1.5%/year??
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Old 10-28-2011, 09:21 AM   #37
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Yup. The internet is forever.

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You do realize that in 2015, we will all remind you of this prediction?
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Old 10-28-2011, 10:24 AM   #38
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I am going to make a wild prediction--

DOW 20000 by the end of 2015.

Housing will turn around by then and we will see the economy running on all cylinders.
Dunno about the Dow prediction, but I have thought for some time that it would take until 2013 to 2015 for housing to work through its mess and the economy to regain full footing.
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Old 10-28-2011, 10:40 AM   #39
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As of yesterday the SP500 is up 10.7% for the last 1 year period. About in line with historical annual returns of 10.2% going back to 1950.

We have problems all over, but humans haven't changed that much in the last decade.

I vote for a much higher SP500 in the next 12 months -- well at least 10.2% higher.
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Old 10-28-2011, 11:00 AM   #40
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For entertainment purposes I listen to various money mgrs on the radio, two weeks ago all 3 said their market indicators are showing the market will be dropping and they all recommend getting out and buying on the dips.
TJ
Yesterday I was siting ouside on the west side of an espresso shop enjoying the sun. There was a homeless guy sitting at a table next to me with an old fashioned boom box.

He was listening to some market/finance guru.

Ha
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