steelyman
Moderator Emeritus
I think you should either sell or turn off your TV and get on with your life. The nice thing about the second option is you don't have to fret about when to buy...
Best advice I've heard all week.
I think you should either sell or turn off your TV and get on with your life. The nice thing about the second option is you don't have to fret about when to buy...
chinaco said:If you are really worried do some hedging.
Options are available... you can write 'em too!
Animorph said:That's a key. How much do you think it'll go down? And then, how much are you willing to bet? And last, how close can you hit the peak (which was a while past most likely) and trough? A 10% drop and a bet of 10% of your portfolio and you can make 1.1% extra if everything works out OK. Is that worth it?
I think you're a little paranoid, but let me introduce you to true paranoia. Big money wants to drive little guys out out of a rising market. If they can scare you off with tales of political fights, so that you are induced to sell low, that's good for them, bad for you.... but party enmity hasn't been this bad since the duel between Hamilton and Burr!
The good news is that in the event our esteemed Congresscritters do what many of us expect, that the interest rate on what remains of our Treasuries will be much higher...
Well, you obviously know better than the folks who lived it and experienced it.I sense a boat-load of revisionist, looking through rose-colored glasses, history here. If I get motivated later, I might try to google up some infamous quotes from the 'genteel' times of 30-40 years ago.
Well, you obviously know better than the folks who lived it and experienced it.
And really, I would suggest there are far better uses of one's time than going out of one's way to "win" a trivial argument on a message board that really doesn't amount to anything but idle banter. Is it really that important to you? Wow.
Are things worse today? There is a lot of 'good old days' talk on a variety of topics.
No significant news? Are you kidding me? Did you see what the Greek parliament did? It could've gone the other way.
Also the ISM report today was big.
But the 6% rise was after a 4% drop 2 weeks ago, so net +2% on the Greek news. Not such a big move after all.
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. With all of the enmity between Democrats and Republicans these days, doesn't it seem likely that sooner or later the market is going to react to the possibility of a default? I mean isn't it obvious to everyone?? Don't you guys hear what the opposing sides are saying about each other on MSNBC and CNBC? Really, these guys are in servious opposition to each other.
Thanks, best post on this thread...
With Greek 10 year bonds now at about 16% APR, I'm ready to jump in with both feet. That's way more than the annual increase needed to meet my SWR, and the rate is guaranteed. Hey, they are government bonds, what could go wrong?
But cashing out now strikes me as a reasonable thing to do at the moment. With all of the enmity between Democrats and Republicans these days, doesn't it seem likely that sooner or later the market is going to react to the possibility of a default? I mean isn't it obvious to everyone?? Don't you guys hear what the opposing sides are saying about each other on MSNBC and CNBC? Really, these guys are in servious opposition to each other.