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Dow - Wow!
Old 05-05-2006, 03:52 PM   #1
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Dow - Wow!


Spank my behind and take away my Boglehead pin. With the Dow at 11577 who can resist locking in some profits or at least taking some money off the table...I can't.

<With head bowed in shame> Today I sold VFINX, IBM, and EDS. I'm now top heavy with dry powder...nice problem to have.

Anyone else feeling like this market might be on steroids?


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Re: Dow - Wow!
Old 05-05-2006, 03:53 PM   #2
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Re: Dow - Wow!

Yea I have $300K to invest for ER in 2 years and dont think this is the time to put it in the market.
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Re: Dow - Wow!
Old 05-05-2006, 03:55 PM   #3
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Re: Dow - Wow!

No.......I still have my mutual funds.
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Re: Dow - Wow!
Old 05-05-2006, 03:59 PM   #4
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Re: Dow - Wow!

DOW - What is that?

Just 30 stocks in a "universe" of many. *For those that are interested:

http://finance.yahoo.com/q/cp?s=%5EDJI

Sure, you can place a "bet" on it (after a small run-up). *However, like indivudial stocks, it is still too "narrow" a field (and only U.S. based).

For those of you that "feel good" about the "condition" - I surely wish you well.

That's not the path I'm taking - of course, it's my life - and my decision.

- Ron
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Re: Dow - Wow!
Old 05-05-2006, 04:05 PM   #5
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Re: Dow - Wow!

Quote:
Originally Posted by DOG51
No.......I still have my mutual funds.
Me too. But US Large Caps seem overpriced. I'm very happy with the return I've gotten over the last 1.5 years.

What to do next? If I do nothing for awhile Vanguards MM fund will pay me to do nothing.

Something to ponder on the way to celebrate at the Emerging Markets Chinese Buffet.


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Re: Dow - Wow!
Old 05-05-2006, 04:08 PM   #6
 
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Re: Dow - Wow!

Like unclemick would say. I'm gonna get ready and do nothing. 8)

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Re: Dow - Wow!
Old 05-05-2006, 04:44 PM   #7
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Re: Dow - Wow!

Hm... market timing?

What are the specific tea leaves you're using to divine that "the market might be on steroids"? Is it today's signing of the Abuja peace accord in Sudan?
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Re: Dow - Wow!
Old 05-05-2006, 05:38 PM   #8
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Re: Dow - Wow!

but those 10 dogs of the dow are still dogs except for altria
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Re: Dow - Wow!
Old 05-05-2006, 06:39 PM   #9
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Re: Dow - Wow!

I'm going to do the opposite of what I used to do, nothing.

Maybe this time I'll be right.
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Re: Dow - Wow!
Old 05-05-2006, 07:07 PM   #10
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Re: Dow - Wow!

Quote:
Originally Posted by 73ss454
I'm going to do the opposite of what I used to do, nothing.

Maybe this time I'll be right.
I hope so. I'm pretty much doing nothing too. My sales are only 5% of holdings. I just couldnt resist "selling high". Its a new concept for me.
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Re: Dow - Wow!
Old 05-05-2006, 07:10 PM   #11
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Re: Dow - Wow!

Quote:
Originally Posted by Cut-Throat
Like unclemick would say. I'm gonna get ready and do nothing. 8)

I'll help.
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Re: Dow - Wow!
Old 05-05-2006, 07:51 PM   #12
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Re: Dow - Wow!

Lots of bearishness on this thread. Of such stuff are walls of worry built.
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Re: Dow - Wow!
Old 05-05-2006, 08:33 PM   #13
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Re: Dow - Wow!

Quote:
Originally Posted by BUM
Me too. But US Large Caps seem overpriced. I'm very happy with the return I've gotten over the last 1.5 years.
I thought large-cap is reasonably priced and is poised for a comeback.

Quote:
What to do next? If I do nothing for awhile Vanguards MM fund will pay me to do nothing.
Not a bad place to park your cash. I have 20% in cash.

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Re: Dow - Wow!
Old 05-05-2006, 08:42 PM   #14
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Re: Dow - Wow!

Mostly, the right thing to do is sit tight. That includes now, although I must admit it is a little weird to see EVERYTHING (stocks, bonds, commodities, REITs, etc.) going up at once.
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Re: Dow - Wow!
Old 05-05-2006, 09:08 PM   #15
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Re: Dow - Wow!

ahhhh OOOOO GAAAAHHHH
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Re: Dow - Wow!
Old 05-05-2006, 09:38 PM   #16
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Re: Dow - Wow!

Yawn...Dow up, Dow down...make a decision on exactly what your asset allocation is and place your hard-earned funds in that allocation and go to sleep.
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Re: Dow - Wow!
Old 05-06-2006, 08:49 AM   #17
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Re: Dow - Wow!

13th year of ER - at the ripe old old age of 62/63 this year.

Consolidated my ER portfolio into Vanguard Target Retirement 2015 from Lifestrategy/Reit/Small Cap Value and finally rolled a small 401k(1995) from Fidelity to above VG Target.

In my mad money, remodeling, male hormone, hobby stock, kayak funds:

Still zapping DRIPs and transferring to VG broker. Bought a tad of ILA, STON, EGLE - waiting for mother pharma to get cheaper in the fall.

Core ER - do nothing. But at the edges - entertainment wise you just can't kill those male hormones - AND AND now with Viagra and other stuff - putzing will never die - if I end up in a rest home with wheelchair too slow to catch the 'young ones' - there will always be 'The Market'.

heh heh heh heh heh heh heh heh
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Re: Dow - Wow!
Old 05-07-2006, 02:17 PM   #18
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Re: Dow - Wow!

Quote:
Originally Posted by BUM
Me too. But US Large Caps seem overpriced. I'm very happy with the return I've gotten over the last 1.5 years.
Large US Caps are probably the most underpriced. They have lagged this latest "bull leg." We can argue whether it's a "dead cat bounce," bull rally in a secular bear or the real thing. That won't change the poor relative performance of the Large US Caps versus every other asset class I follow.

IMHO, I think we've got some more room on the upside but I also subcribe to the "get ready to do nothing" camp.

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