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Old 07-03-2011, 05:32 PM   #61
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Don't worry, as in all Greek conundrums, Deus Ex Machina will solve the problem.

You think the Chicago Dem Machine will be involved in saving Greece?
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Old 07-03-2011, 05:34 PM   #62
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Wow, I think I'm going to have to cut my throat, the end of the world is near.
Can I have the Super Sport?
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Old 07-03-2011, 06:05 PM   #63
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Can I have the Super Sport?
Heh, No!
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Old 07-03-2011, 06:26 PM   #64
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You think the Chicago Dem Machine will be involved in saving Greece?
That would definitely qualify as unexpected and contrived.
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Old 07-07-2011, 10:49 AM   #65
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All I know is that after the past week, and today! I'm glad I didn't "get out" of the market. Who thought the market would make up for all of May and June in one week? Just goes to show, you can't predict the market.
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Old 07-07-2011, 10:58 AM   #66
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All I know is that after the past week, and today! I'm glad I didn't "get out" of the market. Who thought the market would make up for all of May and June in one week? Just goes to show, you can't predict the market.
Sure you can predict it. If you look above some of us did just that. This downturn was not the end of the world. Just some day to day responses of the Greek problem that would be resolved as soon as some resolution was passed.

Timing is harder. However, using time as a variable in understanding investing is foolish (or incredibly difficult). Time is relevant for work/labor where it tends to have some strong linear effect (creative work is an exception to this). Investing is more like hunting. Alternatively, time is a nonlinear and likely weak variable in investing. Certain conditions and environments will have certain outcomes. They may occur today or they may occur next year, but they usually do occur.
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Old 07-07-2011, 11:31 AM   #67
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All I know is that after the past week, and today! I'm glad I didn't "get out" of the market. Who thought the market would make up for all of May and June in one week? Just goes to show, you can't predict the market.
I predict we'll have another "flashing blue light special" of stocks on sale within the next two months.

The latest drop was what, not much more than 7% off the peak? I don't think the word "correction" even gets used until it's more than 10%.
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Old 07-07-2011, 01:51 PM   #68
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You are rarely run over by the train you see coming.


I predict a solution to the debt ceiling before we stop making payments and a start of the football season before the owners lose any TV revenue
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Old 07-07-2011, 01:52 PM   #69
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It's a slam dunk that some time over the next four weeks, the market is going to crash because of the contention in Washington. So my thoughts are... get out now and jump back in during the crash
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Old 07-07-2011, 08:16 PM   #70
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There are two rules to investing that an old wise man taught me.

1) Don't be afraid to take a profit
2) Don't be afraid to take a loss

That and my gut has worked for me. That said, I would never advocate getting completely out of the market.
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Old 07-07-2011, 08:38 PM   #71
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Remember Laszlo Birinyi, a regular on Louis Ruykeyser's weekly Wall Street Week show? I miss old Lou. Anyway, I always enjoyed listening to Laszlo. He's not running for the hills.

Laszlo Birinyi's Stock Market Investment Strategy - Video - Bloomberg
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Old 07-07-2011, 10:34 PM   #72
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Nostalgia.....and timely....Circa 1987:

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Old 07-08-2011, 06:50 AM   #73
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Great to watch Rukeyser again. Never a better financial show.
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Old 07-08-2011, 07:44 AM   #74
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Great to watch Rukeyser again. Never a better financial show.
+1...

I wonder what happened to the "elves" ...
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Old 07-08-2011, 09:34 AM   #75
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MSNBC and CNBC
I think I see the problem...
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Old 07-09-2011, 01:46 AM   #76
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Interesting comment at 5:25 where Louis discusses the huge run up to the crash. On Oct. 19, 1987 the Dow lost 22 or 23%, to put that in perspective today that would be a loss of 2785 points in just 1 day! That makes the flash crash in May (when it was down over 900 points at the bottom) look like just another down day of 1% or so. Now we lost a lot over the past 7 weeks but we gained it all back in just 8 days! Another huge run up prior to another crash? I don't expect that but ...
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Old 07-09-2011, 07:34 AM   #77
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I'm taking heat now and I know I deserve it. Intellectually, I really do know that timing is a no- no and I haven't succumbed to it for more than a decade. (Of course I also knew that timing was a no-no when I was doing it 15 years ago.)

But cashing out now strikes me as a reasonable thing to do at the moment.
Maybe your asset allocation is too aggressive/volatile for you. Adjusting equities 5-10% downward (or whatever) might be a first step.

The phrase "cashing out" belongs in Vegas - not investing.
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Old 07-19-2011, 03:17 PM   #78
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OK, we are in about 3 weeks into this 4 week prediction. Major market crash within the next week, look out below. (heh)
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Old 07-19-2011, 03:22 PM   #79
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If you think it's going to crash do you move AA to more bonds then buy back into equity's when they are low
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Old 07-19-2011, 04:08 PM   #80
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If you think it's going to crash do you move AA to more bonds then buy back into equity's when they are low
The thought here is to sit tight since no one knows what the market is going to do. If you think the market is going to go up or it's going to crash you'll probably be wrong so sit tight and you'll get your share.

Read the thread through and see what was said.
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