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05-05-2006, 02:52 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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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?
__________________
In a panamax down by the river.
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05-05-2006, 02:53 PM
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#2
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 147
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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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05-05-2006, 02:55 PM
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#3
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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: 9,072
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Re: Dow - Wow!
No.......I still have my mutual funds.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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05-05-2006, 02:59 PM
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#4
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 987
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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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05-05-2006, 03:05 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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Re: Dow - Wow!
 Quote:
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Originally Posted by DOG51
No.......I still have my mutual funds.
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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.
__________________
In a panamax down by the river.
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05-05-2006, 03:08 PM
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#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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05-05-2006, 03:44 PM
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#7
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Full time employment: Posting here.
Join Date: Feb 2006
Posts: 784
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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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05-05-2006, 04:38 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2005
Posts: 6,192
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Re: Dow - Wow!
but those 10 dogs of the dow are still dogs except for altria
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05-05-2006, 05:39 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: LaLa Land
Posts: 4,698
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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.
__________________
Work is something you do to get enough $ so you don't have to....Me.
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05-05-2006, 06:07 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,781
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Re: Dow - Wow!
Quote:
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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.
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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. 
__________________
In a panamax down by the river.
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05-05-2006, 06:10 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
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Re: Dow - Wow!
Quote:
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Originally Posted by Cut-Throat
Like unclemick would say. I'm gonna get ready and do nothing. 8)
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I'll help. 
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05-05-2006, 06:51 PM
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#12
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Recycles dryer sheets
Join Date: Apr 2006
Posts: 190
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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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05-05-2006, 07:33 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Re: Dow - Wow!
Quote:
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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.
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I thought large-cap is reasonably priced and is poised for a comeback.
Quote:
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What to do next? If I do nothing for awhile Vanguards MM fund will pay me to do nothing.
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Not a bad place to park your cash. I have 20% in cash.
__________________
May we live in peace and harmony and be free from all human sufferings.
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05-05-2006, 07:42 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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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.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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05-05-2006, 08:08 PM
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#15
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2003
Location: Losing my whump
Posts: 22,708
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Re: Dow - Wow!
ahhhh OOOOO GAAAAHHHH
__________________
Be fearful when others are greedy, and greedy when others are fearful. Just another form of "buy low, sell high" for those who have trouble with things. This rule is not universal. Do not buy a 1973 Pinto because everyone else is afraid of it.
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05-05-2006, 08:38 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,674
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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. 
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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05-06-2006, 07:49 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2003
Location: Kansas City
Posts: 7,968
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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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05-07-2006, 01:17 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Mar 2006
Location: Houston
Posts: 4,337
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Re: Dow - Wow!
Quote:
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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.
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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.
__________________
The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius
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