|
|
Dow up 400+ Talk about crazy days.
10-27-2011, 01:29 PM
|
#1
|
Recycles dryer sheets
Join Date: Jan 2011
Location: Marietta
Posts: 117
|
Dow up 400+ Talk about crazy days.
It is getting too rich for my blood. All indications point to start raising cash and locking in some profits.
Rebalancing anybody?
__________________
Give me a surfboard and a hammock, some fresh fruit and veg, a fish or two and I am happy for life. I don't need much of a roof over my head to be happy.
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
10-27-2011, 01:35 PM
|
#2
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
Still plenty of room to run. Patience, grasshopper.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-27-2011, 01:46 PM
|
#3
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
|
Quote:
Originally Posted by RetirementColdHardTruth
It is getting too rich for my blood. All indications point to start raising cash and locking in some profits.
Rebalancing anybody?
|
Timing the market are we, good luck with that.
__________________
Work is something you do to get enough $ so you don't have to....Me.
|
|
|
10-27-2011, 02:01 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
|
Quote:
Originally Posted by RetirementColdHardTruth
Rebalancing anybody?
|
I think it would make sense. Some recommend buying on the way down and selling on the way up. However, personally, I'm staying in.
__________________
Greg (retired in 2010 at age 68, state pension)
|
|
|
10-27-2011, 02:17 PM
|
#5
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
|
The Dow is up 400+?
Wh....
Wh....
Wh...
...
Wh..y, that is wonderful!
My (habitually malfunctioning) crystal ball says that it will be down tomorrow.
__________________
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!
|
|
|
10-27-2011, 02:20 PM
|
#6
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
|
W2R, you could just pass the hat/paypal account instead of teasing us.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
|
|
|
10-27-2011, 02:25 PM
|
#7
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
|
__________________
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!
|
|
|
10-27-2011, 02:31 PM
|
#8
|
Full time employment: Posting here.
Join Date: Jan 2004
Posts: 851
|
Quote:
Originally Posted by RetirementColdHardTruth
It is getting too rich for my blood. All indications point to start raising cash and locking in some profits.
Rebalancing anybody?
|
I agree, and have been doing such for a while...but then again I am one of those dirty market timers who is perfectly OK sitting in cash for long periods of time, and then trading aggressively when opportunity arrives....(There, I admitted it)
|
|
|
10-27-2011, 02:52 PM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
|
Sweet. I had a med(or 2) after my golf today, may have to celebrate another good stock marker day by having another. That's the nice thing about med's, good for drowning your sorrows and good when rejoicing. Life is good.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
10-27-2011, 02:57 PM
|
#10
|
Administrator
Join Date: Jul 2005
Location: N. Yorkshire
Posts: 34,050
|
Quote:
Originally Posted by W2R
The Dow is up 400+?
My (habitually malfunctioning) crystal ball says that it will be down tomorrow.
|
It was already down over 60 points to 340 before the market closed...
__________________
Retired in Jan, 2010 at 55, moved to England in May 2016
Enough private pension and SS income to cover all needs
|
|
|
10-27-2011, 02:59 PM
|
#11
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
|
Quote:
Originally Posted by Dawg52
Sweet. I had a med(or 2) after my golf today, may have to celebrate another good stock marker day by having another. That's the nice thing about med's, good for drowning your sorrows and good when rejoicing. Life is good.
|
I thought you had everything in CD's?
__________________
Work is something you do to get enough $ so you don't have to....Me.
|
|
|
10-27-2011, 03:03 PM
|
#12
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
|
Quote:
Originally Posted by Alan
It was already down over 60 points to 340 before the market closed...
|
See? I just *knew* it would go down.
__________________
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!
|
|
|
10-27-2011, 03:07 PM
|
#13
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,067
|
No, never been 100% CD's. Just very conservative.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
|
|
|
10-27-2011, 03:20 PM
|
#15
|
Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,877
|
Another day of market volatility, just to the upside is all, no reason to get excited.
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
|
|
|
10-27-2011, 03:34 PM
|
#16
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,317
|
Well, I did my one market timing exercise and got out unscathed. At the bottom in early August (I think it was 8/8) we were speculating around here that things would pop back up. I moved $170K from a bond fund into equities with the plan to pull them back (get back to my planned AA) when we got back to Dow 12000. My trade is in to execute tonight returning it back to bonds. That move will finance our trip to Africa in February. I have no guess where things will go from here. If we go up another 10% or so over the next months I will probably load up a bit more in bonds. If we drop 10%, who knows -- depends whether it looks like another 2008 as the Euro zone implodes or just like jitters. Not that I could really tell the difference.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
|
|
|
10-27-2011, 03:40 PM
|
#17
|
Thinks s/he gets paid by the post
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
|
Quote:
Originally Posted by donheff
That move will finance our trip to Africa in February.
|
You will enjoy your trip all the more through recalling how you financed it.
__________________
Greg (retired in 2010 at age 68, state pension)
|
|
|
10-27-2011, 04:01 PM
|
#18
|
Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,472
|
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
__________________
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!
|
|
|
10-27-2011, 04:34 PM
|
#19
|
Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
|
Quote:
Originally Posted by W2R
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
|
Sounds good about the S&P but take a look what it did in the last 5 months, in the toilet. At some point it has to make an upward move. I still have a long way to go after the last 5 months of getting killed.
__________________
Work is something you do to get enough $ so you don't have to....Me.
|
|
|
10-27-2011, 04:36 PM
|
#20
|
Thinks s/he gets paid by the post
Join Date: Sep 2002
Posts: 1,173
|
Quote:
Originally Posted by rescueme
Interesting, but not anything to get excited about:
Again, it's one of those buy on the rumor, sell on the facts kind of days. When a workable solution is in place for Europe, then I'll get excited. Till then, it's just fluff (and I never trade on fluff)...
|
This is what I was thinking also. I did take some profits off the table today as it is a play that is very volatile so I ride it up and buy it back down. Nothing that is going to change my day though. I guess it just makes me feel like I am actually cashing in on some gains.
It can go up or down but until I take $$ off the table it really doesn't matter. Of course I am finding I don't like buying when things are more expensive than the last time I purchased.
JDARNELL
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|