Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Dow up 400+ Talk about crazy days.
Old 10-27-2011, 02:29 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.
RetirementColdHardTruth is offline   Reply With Quote
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!

Old 10-27-2011, 02:35 PM   #2
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
Still plenty of room to run. Patience, grasshopper.
__________________

__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 10-27-2011, 02:46 PM   #3
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by RetirementColdHardTruth View Post
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.
73ss454 is offline   Reply With Quote
Old 10-27-2011, 03:01 PM   #4
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by RetirementColdHardTruth View Post
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)
GregLee is offline   Reply With Quote
Old 10-27-2011, 03:17 PM   #5
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,877
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
W2R is online now   Reply With Quote
Old 10-27-2011, 03:20 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
brewer12345's Avatar
 
Join Date: Mar 2003
Posts: 16,391
W2R, you could just pass the hat/paypal account instead of teasing us.
__________________
"There are three kinds of men. The one that learns by reading. The few who learn by observation. The rest have to pee on the electric fence for themselves."



- Will Rogers
brewer12345 is offline   Reply With Quote
Old 10-27-2011, 03:25 PM   #7
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,877
Quote:
Originally Posted by brewer12345 View Post
W2R, you could just pass the hat/paypal account instead of teasing us.
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities.

- - H. Melville, 1851
W2R is online now   Reply With Quote
Old 10-27-2011, 03:31 PM   #8
Full time employment: Posting here.
 
Join Date: Jan 2004
Posts: 844
Quote:
Originally Posted by RetirementColdHardTruth View Post
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)
__________________
farmerEd is offline   Reply With Quote
Old 10-27-2011, 03:52 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,436
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
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 10-27-2011, 03:57 PM   #10
Moderator
Alan's Avatar
 
Join Date: Jul 2005
Location: Eee Bah Gum
Posts: 21,098
Quote:
Originally Posted by W2R View Post
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
Now it's adventure before dementia
Alan is offline   Reply With Quote
Old 10-27-2011, 03:59 PM   #11
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by Dawg52 View Post
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.
73ss454 is offline   Reply With Quote
Old 10-27-2011, 04:03 PM   #12
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,877
Quote:
Originally Posted by Alan View Post
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
W2R is online now   Reply With Quote
Old 10-27-2011, 04:07 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Dawg52's Avatar
 
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 7,436
Quote:
Originally Posted by 73ss454 View Post
I thought you had everything in CD's?
No, never been 100% CD's. Just very conservative.
__________________
Retired 3/31/2007@52
Full time wuss.......
Dawg52 is offline   Reply With Quote
Old 10-27-2011, 04:19 PM   #14
gone traveling
 
Join Date: Apr 2009
Location: Eastern PA
Posts: 3,851
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)...
__________________
rescueme is offline   Reply With Quote
Old 10-27-2011, 04:20 PM   #15
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,529
Another day of market volatility, just to the upside is all, no reason to get excited.
__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Old 10-27-2011, 04:34 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
donheff's Avatar
 
Join Date: Feb 2006
Location: Washington, DC
Posts: 8,642
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.
__________________
Every man is, or hopes to be, an Idler. -- Samuel Johnson
donheff is offline   Reply With Quote
Old 10-27-2011, 04:40 PM   #17
Thinks s/he gets paid by the post
GregLee's Avatar
 
Join Date: Oct 2010
Location: Waimanalo, HI
Posts: 1,881
Quote:
Originally Posted by donheff View Post
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)
GregLee is offline   Reply With Quote
Old 10-27-2011, 05:01 PM   #18
Administrator
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 38,877
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
W2R is online now   Reply With Quote
Old 10-27-2011, 05:34 PM   #19
Thinks s/he gets paid by the post
73ss454's Avatar
 
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,378
Quote:
Originally Posted by W2R View Post
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.
73ss454 is offline   Reply With Quote
Old 10-27-2011, 05:36 PM   #20
Full time employment: Posting here.
 
Join Date: Sep 2002
Posts: 538
Quote:
Originally Posted by rescueme View Post
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
__________________

__________________
JDARNELL is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 01:22 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.