 |
|
Finally a good quarter in the markets
06-29-2009, 01:38 PM
|
#1
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
After six consecutive quarters with negative returns, the S&P 500 index fund (at Vanguard) is one day away from posting a 16% quarterly return. That would be the largest quarterly return in at least the last ten years, slightly edging out the 15.4% returns of Q2 2003.
It is also up around 36% from its early March lows.
Sooo... I guess we'll have a very happy "Post your quarterly returns" thread in another day or two (at least for those who followed the "and hold" part of the buy and hold strategy). Barring an exciting day June 30, that is.
|
|
|
|
06-29-2009, 01:59 PM
|
#2
|
|
Thinks s/he gets paid by the post
Join Date: Feb 2008
Location: 43N Latitude, NY
Posts: 4,635
|
__________________
Freebird
"Happiness depends upon ourselves." - Aristotle
|
|
|
|
|
06-29-2009, 02:00 PM
|
#3
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,113
|
Don't Jinx it!
Audrey
|
|
|
|
|
06-29-2009, 02:32 PM
|
#4
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
What could possibly go wrong? I knocked on wood before I hit "post new thread"! We are safe. Or tomorrow may be the worst day in the markets all year. However, I'm thinking some actively managed mutual funds might be buying tomorrow (if they haven't already) for window dressing to make it look like they have been holding a high equities allocation all quarter. You don't want to look a fool when you are depending on your reputation as a superior stock picker and market timer.
|
|
|
|
|
06-29-2009, 02:56 PM
|
#5
|
|
Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 3,113
|
 Quote:
Originally Posted by FUEGO
What could possibly go wrong? I knocked on wood before I hit "post new thread"! We are safe. Or tomorrow may be the worst day in the markets all year. However, I'm thinking some actively managed mutual funds might be buying tomorrow (if they haven't already) for window dressing to make it look like they have been holding a high equities allocation all quarter. You don't want to look a fool when you are depending on your reputation as a superior stock picker and market timer.
|
What could possibly go wrong?!?!??! Just asking that question alone nullifies your knock on wood! LOL!
The quarter end window dressing is already in - most of that was mostly done last Thursday so that the transactions could close by end of month.
But, whatever, we'll see what happens tomorrow! BTW, both April and May had very strong 1st day of the month rallies rather than end of month rallies. This month has been rather flat.
Audrey
|
|
|
|
|
06-29-2009, 02:37 PM
|
#6
|
|
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 5,548
|
I find it hard to get excited about it, since I see it as just recovering from the YTD slump.
chart.jpg
__________________
- Al -- Always serious, never joking. No, wait. Never serious... Always... I forget.
|
|
|
|
|
06-29-2009, 02:44 PM
|
#7
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
Quote:
Originally Posted by TromboneAl
I find it hard to get excited about it, since I see it as just recovering from the YTD slump.
|
When you look at it that way, it doesn't sound nearly as good. But when you look at it your way, we won't be able to celebrate until the S&P 500 gets back to its Oct 2007 highs of 1565. 
|
|
|
|
|
06-29-2009, 04:54 PM
|
#8
|
|
Full time employment: Posting here.
Join Date: Aug 2007
Posts: 674
|
Quote:
Originally Posted by TromboneAl
I find it hard to get excited about it, since I see it as just recovering from the YTD slump.
Attachment 6756 |
For those of us accumulating that area under the curve has been very helpfull...
DD
|
|
|
|
|
06-29-2009, 03:03 PM
|
#9
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
If the market tanks 15% tomorrow, we know whom to blame.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
06-29-2009, 03:28 PM
|
#10
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
Quote:
Originally Posted by ziggy29
If the market tanks 15% tomorrow, we know whom to blame.
|
You guys can have everything I was paid for the first post in this thread if we see a 15% drop.
|
|
|
|
|
06-30-2009, 10:47 AM
|
#11
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
Quote:
Originally Posted by ziggy29
If the market tanks 15% tomorrow, we know whom to blame.
|
Sweet! I made the market drop today. Just in time for the bi-monthly 401k contributions to be invested...
|
|
|
|
|
06-30-2009, 10:51 AM
|
#12
|
|
Moderator
Join Date: Oct 2005
Location: Texas Hill Country
Posts: 7,253
|
Yep. Same here -- 15th and last day of each month (or the preceding business day if they fall on weekends or holidays). So as far as I'm concerned, those are usually good days for the market to drop to buy in a little cheaper...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
|
|
|
|
|
06-30-2009, 12:39 PM
|
#13
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
Quote:
Originally Posted by ziggy29
Yep. Same here -- 15th and last day of each month (or the preceding business day if they fall on weekends or holidays). So as far as I'm concerned, those are usually good days for the market to drop to buy in a little cheaper...
|
Yep - I'll take a 1.3% discount today now that my 6% match is GONE.
|
|
|
|
|
06-30-2009, 12:59 PM
|
#14
|
|
Thinks s/he gets paid by the post
Join Date: May 2007
Posts: 2,484
|
Thanks, 401k + taxable account contributions going in today (all equity)!
|
|
|
|
06-29-2009, 04:24 PM
|
#15
|
|
Full time employment: Posting here.
Join Date: Feb 2007
Posts: 644
|
Wow! WHAT a deal!!!
__________________
Only got A dimple, would have preferred 2!
|
|
|
|
|
06-29-2009, 04:27 PM
|
#16
|
|
Thinks s/he gets paid by the post
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 3,011
|
Wake me up in mid December when it's time to rebalance.
__________________
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.
|
|
|
|
|
06-29-2009, 04:32 PM
|
#17
|
|
Thinks s/he gets paid by the post
Join Date: Nov 2007
Posts: 2,352
|
Quote:
Originally Posted by mickeyd
Wake me up in mid December when it's time to rebalance.
|
Oh come on! Don't you get at least a little joy out of counting your coin Scrooge McDuck style? 
|
|
|
|
|
06-29-2009, 05:01 PM
|
#18
|
|
Thinks s/he gets paid by the post
Join Date: Apr 2004
Location: South Texas~29N/98W
Posts: 3,011
|
Yea, of course I'm happy for the folks that love short-term gains. 
__________________
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.
|
|
|
|
|
06-29-2009, 04:33 PM
|
#19
|
|
Dryer sheet wannabe
Join Date: Jun 2009
Posts: 15
|
It has been a wonderful 4 months in the market. Because of that, I have moved 30% of my self-managed accounts to cash (money market funds) for a while. New monthly money is 50% equities.
I am far more pleased with this year than last year
|
|
|
|
|
06-29-2009, 07:43 PM
|
#20
|
|
Thinks s/he gets paid by the post
Join Date: May 2006
Posts: 1,729
|
__________________
"If everything is under control, you are going too slow." - Mario Andretti
|
|
|
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
|
| Thread Tools |
Search this Thread |
|
|
|
| Display Modes |
 Hybrid 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
