Heading under 10,000 on the way!

[Texas Proud]

I think there are definite problems with the markets. There are casino style investors out there who really aren't investing at all. They are more like gamblers than true investors, using computer models to profit off small price discrepancies between two different assets or products. I think this type of investing probably distorts the market somewhat and probably takes a little profit away from the true investors who are trying to save for retirement but this may be offset by the big increase in liquidity of markets. Hard for me to say whether or not the gamblers are a net plus for the markets but I do know better regulation is needed, especially where leverage and exotic investment vehicles are concerned.

ORRRR.... the 'gamblers' make sure that the price is more reasonable since they do not allow stuff to get way out of line...

Sure.. there is volatility... but if you are not one of those gamblers... the market will more than likely return to its mean over time...

So, gamblers for short term trading... investors for long... what are you

 

[Texas Proud]

At 41 you will be fine? Why?

Don't you know... but the time he retires... the rest of the country will have woke up and have fixed the problems with the markets... they will now all be 'fair' and we will all be in la-la land....


I actually think you have more to worry about your SS than the markets in the long term... but that is just me...

 

[ziggy29]

I actually think you have more to worry about your SS than the markets in the long term... but that is just me...

Fixing SS is trivial compared to the ticking time bombs in Medicare and some state/local pension plans.

 

[bbbamI]

Theme song for the mood around here....

YouTube - Gloom despair and agony on me

 

[ziggy29]

Theme song for the mood around here....

It is starting to feel like late 2008/early 2009 with all the last-hour selloffs. That isn't indicative of a market that wants to go higher, that's for sure. Something may turn it, but for now it's stuck in "uncertainty mode" which leads to selloffs on Fridays and in the last hour of daily trading.

Glad I lightened up over the last several months. Not much more than 50/50 now, which I can stomach in this environment.

 

[TromboneAl]

Jan 4 turned out to be a pretty good time to rebalance after all.

 

[BTravlin]

ORRRR.... the 'gamblers' make sure that the price is more reasonable since they do not allow stuff to get way out of line...

Sure.. there is volatility... but if you are not one of those gamblers... the market will more than likely return to its mean over time...

So, gamblers for short term trading... investors for long... what are you

Oh I'm definitely a long term type. I enjoy gambling but go to the casino for a little blackjack when I get the itch. I'm still not sure the gamblers are a net plus for the markets.

 

[oilspill]

I wouldn't mind another 10-20% drop. Every buyer can use a discount. We need more people to panic and sell. Wait - that's already happened.

 

[MichaelB]

Back up over DOW 10K.

 

[W2R]

Back up over DOW 10K.

Wait, the thread needs to be re-named "Heading over 10,000 on the way!" Ah, the rollercoaster still exists. All is right with the world.

 

[TromboneAl]

I still can't understand the title.

 

[MichaelB]

I still can't understand the title.

Nor most of the posts. That's what makes it so much fun.

Ah, the rollercoaster still exists. All is right with the world.

Exactly.

Did you ever notice the DOW is never 10,000. It's either more or it's less. Hmmm...I suspect a conspiracy.

 

[BTravlin]

Back up over DOW 10K.

You jinxed it, back under 9,900 now.

 

[bigla]

Oops, now it's below. I chickened out and took a bunch out of my equity allocation yesterday. Retired with no money to buy on the dips. I fear things will get worse and need to preserve the capital I have left after last year.
Larry

 

[MichaelB]

You jinxed it, back under 9,900 now.

Glad to be of assistance...

 

[ziggy29]

You jinxed it, back under 9,900 now.

Again, mostly in a last-hour selloff. Feels premature to load up on stocks, as this kind of common late (and Friday) selloff action in a high VIX isn't an indicator of a market poised to go up in the near future. That was the most common theme in the 2000-02 and 2008-09 market: not wanting to stay long through a market close because of uncertainty about what will happen while the markets are closed.

 

[Bestwifeever]

Watching the markets anymore is like watching a basketball game--it doesn't matter at all what the score is until just before the final buzzer.

 

[Dawg52]

Watching the markets anymore is like watching a basketball game--it doesn't matter at all what the score is until just before the final buzzer.

I have a feeling that will be the theme for the rest of the summer. It would be nice to have a few positive days along the way.

 

[W2R]

Well, as long as those dividends keep showing up...

I am strenuously trying to forget that they were once a little larger. If I don't compare with previous amounts, they seem just fine.

Amazing what ridiculous level of insouciance can be attained by those of us who are eligible to claim SS any time we want.

 

[DblDoc]

And...we are > 10,000 again...officially.

DD

 

[W2R]

Let's hear it for the roller coaster...

Let's see. After up, comes down, right?

 

[winger]

I only look at my investments on the days the market is up. There's already enough pain and sadness in life...............

 

[IndependentlyPoor]

I only look at my investments on the days the market is up. There's already enough pain and sadness in life...............

A man after my own heart.

Now that the DOW is back over 10K I might hazard a peek at my portfolio value.

Hey, not looking keeps me from panicing and selling at the bottom!

 

[IBWino]

Amazing what ridiculous level of insouciance can be attained by those of us who are eligible to claim SS any time we want.

I had to look that one up. Good word...but I've never encountered it before.

 

[W2R]

I had to look that one up. Good word...but I've never encountered it before.

Sorry! I didn't realize it was uncommon.