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Dow up 400+ Talk about crazy days.
Old 10-27-2011, 01:29 PM   #1
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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?
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Old 10-27-2011, 01:35 PM   #2
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Old 10-27-2011, 01:46 PM   #3
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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.
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Old 10-27-2011, 02:01 PM   #4
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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.
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Old 10-27-2011, 02:17 PM   #5
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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.
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Old 10-27-2011, 02:20 PM   #6
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W2R, you could just pass the hat/paypal account instead of teasing us.
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Old 10-27-2011, 02:25 PM   #7
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W2R, you could just pass the hat/paypal account instead of teasing us.
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Old 10-27-2011, 02:31 PM   #8
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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)
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Old 10-27-2011, 02:52 PM   #9
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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.
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Old 10-27-2011, 02:57 PM   #10
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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...
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Old 10-27-2011, 02:59 PM   #11
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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?
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Old 10-27-2011, 03:03 PM   #12
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It was already down over 60 points to 340 before the market closed...
See? I just *knew* it would go down.
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Old 10-27-2011, 03:07 PM   #13
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I thought you had everything in CD's?
No, never been 100% CD's. Just very conservative.
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Old 10-27-2011, 03:19 PM   #14
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Interesting, but not anything to get excited about:

List of largest daily changes in the Dow Jones Industrial Average - Wikipedia, the free encyclopedia

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)...
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Old 10-27-2011, 03:20 PM   #15
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Another day of market volatility, just to the upside is all, no reason to get excited.
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Old 10-27-2011, 03:34 PM   #16
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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.
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Old 10-27-2011, 03:40 PM   #17
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That move will finance our trip to Africa in February.
You will enjoy your trip all the more through recalling how you financed it.
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Old 10-27-2011, 04:01 PM   #18
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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
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Old 10-27-2011, 04:34 PM   #19
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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
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.
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Old 10-27-2011, 04:36 PM   #20
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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.

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