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I didn't DO it! :)
Old 01-24-2014, 04:00 PM   #1
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I didn't DO it! :)

Stocks plunge in U.S., Dow sinks 318 points | The Exchange - Yahoo Finance

The Dow is down 318 points today! I promise I never uttered a word.

I'm hanging on for the rollercoaster ride.
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Old 01-24-2014, 04:04 PM   #2
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Is it time to buy??
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Old 01-24-2014, 04:10 PM   #3
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If it goes down much further next week....I have about $20K I was going to put somewhere. We have enough cash on hand for a couple of years.....so as long as the drop doesn't last too long I won't start twitching. I may need a few beers however.
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Old 01-24-2014, 04:12 PM   #4
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Whee!.
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Old 01-24-2014, 04:13 PM   #5
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Yeah, that's what they all say.

Normal variation. I hereby predict they'll go back up uh, sometime.
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Old 01-24-2014, 04:15 PM   #6
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I'm going to wait for a little more blood in the streets before I put some extra cash to work. A few more days like today ought to be sufficient.
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Old 01-24-2014, 04:24 PM   #7
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Originally Posted by W2R View Post
Stocks plunge in U.S., Dow sinks 318 points | The Exchange - Yahoo Finance

The Dow is down 318 points today! I promise I never uttered a word.

I'm hanging on for the rollercoaster ride.
I thought of you as soon as I saw the news!
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Old 01-24-2014, 04:24 PM   #8
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Sorry, my fault. After selling all stocks in Oct 2012 and letting the proceeds languish in Vanguard money market last year, we finally bought back in at a high on the 9th and 14th of this month.
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Old 01-24-2014, 04:24 PM   #9
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Old 01-24-2014, 04:30 PM   #10
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Yeah, that's what they all say.

Normal variation. I hereby predict they'll go back up uh, sometime.
Yes, I am pretty sure it will.

Meanwhile, I expect some of our members will be looking for a good buying opportunity.
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Old 01-24-2014, 04:33 PM   #11
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No, It is my fault. I funded our 2014 IRAs on yesterdays dip.
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Old 01-24-2014, 04:35 PM   #12
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So much for the January Effect.

But glad that I took profits by rebalancing on 1/2.

Not that I am extra smart or anything but that's my routine to rebalance at the start of the year. Better lucky than good.
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Old 01-24-2014, 05:04 PM   #13
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A pullback of 10% or more is anticipated or normal after a big run-up in 2013.
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Old 01-24-2014, 05:13 PM   #14
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So much for the January Effect.

But glad that I took profits by rebalancing on 1/2.

Not that I am extra smart or anything but that's my routine to rebalance at the start of the year. Better lucky than good.
Yeppers.

I rebalanced on December 30th. I really don't do it at a certain time of year, just when my AA is off 5 percent or more.

Taking profits makes me smile.

Now I just have to remember to buy back when I'm off 5 percent. ...or maybe 7 percent, or.....
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Old 01-24-2014, 05:20 PM   #15
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Wait until next week when Apple posts $15 per share earnings...this drop will be forgotten.
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Old 01-24-2014, 05:49 PM   #16
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I don't think it is time to buy yet. When I was working in a team of 4 people including myself and all of us had a Wall St. background, the universal buy signal we all paid attention to during 2010 and 2011 was to buy with both hands when my Dad would call and practically demand that we sell everything in his account. Just about every time I got one of those calls a purchase would have made money almost immediately.

Dad called today, but he was very easily mollified. I may have ruined my buy signal apparatus (Dad) by educating him, but I doubt it.
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Buy and Sell Index Signals that you can count on
Old 01-24-2014, 06:07 PM   #17
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Buy and Sell Index Signals that you can count on

Quote:
the universal buy signal we all paid attention to during 2010 and 2011 was to buy with both hands when my Dad would call and practically demand that we sell everything in his account.
That would be the DadIndex Buy signal proven reliable many times

Quote:
Almost 100 years ago, financier J.P. Morgan said that when even the shoeshine boy gives stock tips, it's time to sell
The ShoeShine Sell Index - also very reliable
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Old 01-24-2014, 06:43 PM   #18
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I think I will BUY and fund the IRA's next Monday or Tuesday. My spreadsheet is telling me it will drop one more time if I base the history lesson off of a runners triple jump philosophy. I see a one skip, a two skip...and I believe this is the long skip right before the CLIMB...

Markets will go slightly lower monday and tuesday but finish the week strong.

**My approach means absolutely nothing to most people lol
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Old 01-24-2014, 06:54 PM   #19
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Well over the first couple of weeks this year, I made some portfolio changes in order to set aside in cash/near cash some funds that we will need for higher than typical spending over the next couple of years. In doing this we sold about 11% of our equities, so I'm glad that we got that completed before this little dip.
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Old 01-24-2014, 07:10 PM   #20
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Originally Posted by W2R View Post
Stocks plunge in U.S., Dow sinks 318 points | The Exchange - Yahoo Finance

The Dow is down 318 points today! I promise I never uttered a word.

I'm hanging on for the rollercoaster ride.
Thanks for letting us know. I was going to put you on my enemies list along with Target.
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