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Is this the long awaited correction
Old 01-14-2015, 06:37 PM   #1
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Is this the long awaited correction

The market down over a percent again today after a roller coaster session. We've got to be 5% or more off of December highs. Is this the long awaited correction or just a blip brought on by the markets trying to make sense of price drops in crude?


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Old 01-14-2015, 07:23 PM   #2
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S&P is only down 0.58%
We had some down days last week... followed by up days.

As long as W2R doesn't mention any words beginning with a W.... we're ok.

(I'm really not a superstitious person - except for W2R's ability to call a rollercoaster.)
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Old 01-14-2015, 07:28 PM   #3
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I predict the market will go down...then up, then down again, and then up again...many times over.
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Old 01-14-2015, 07:40 PM   #4
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My bond fund increased in value. So it is not all bad, right?
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Old 01-14-2015, 07:44 PM   #5
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Agreed. Market goes up, market goes down. Just wanted to see some discussion. Always fascinates me to read the common sense comments that prevails on this blog.


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Old 01-14-2015, 07:52 PM   #6
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Oh darn - is it December 15th, 2015 already? Because I promised myself I wasn't going to look until then.
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Old 01-14-2015, 08:16 PM   #7
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I'm down barely 1% from my all-time high, which occurred on 11/26/2014.

I'm not especially worried. Sure, some day we will have a market correction; the market goes up and down, like a roller coaster. But, the past six years have been wonderful.
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Old 01-14-2015, 08:22 PM   #8
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does a picture from W2R count? should I panic? Oh no!!!!
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Old 01-14-2015, 08:22 PM   #9
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Is this the long awaited correction?

Only the Shadow knows.

Ha
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Old 01-14-2015, 08:23 PM   #10
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does a picture from W2R count? should I panic? Oh no!!!!
Nah, you're safe, I think!!! Of course, I thought so in 2007, too...

Record Dow! Whee!
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Old 01-14-2015, 08:26 PM   #11
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Darn it - she said it! Even if only by linking a former thread.

I'll blame W2R and 2b... 2b because he just gave notice and said it would be his fault if the market tanked.
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Old 01-14-2015, 09:41 PM   #12
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No, a correction is generally described as a drop of at least 10%. They usually happen at least once or twice a year.
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Old 01-14-2015, 11:02 PM   #13
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No, a correction is generally described as a drop of at least 10%. They usually happen at least once or twice a year.
Oh wow, I expected to find only strangers here after my long time away, I can't believe how many people are still here! Hi!

I think all this volatility is mostly oil driven. The market is sorting out losers and some are cashing in profits. But the economy's fundamentals are about to wash over this. We are offering 3-5k referral bonuses for skilled engineers at my company. We. Simply. Can't. Find. Them. But hey, it's only San Diego so nobody wants to live here right.....?

Despite wage stagnation pent up demand for skilled labor is going to force major corporations to finally blink and start upping their pay. Wages --->Consumer Spending---->low gas prices---->more consumer spending.

(This wild ass guess is the creators pure fictional musings and any resemblance to realities past or present is purely coincidental)
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Old 01-15-2015, 07:54 AM   #14
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We are offering 3-5k referral bonuses for skilled engineers at my company. We. Simply. Can't. Find. Them. But hey, it's only San Diego so nobody wants to live here right.....?
We had a visit to Carlsbad during the Xmas holidays (2014) and really enjoyed the weather, food and scenery of hills and beaches. The cost of housing of nearby towns (e.g., Oceanside, Vista) is reasonable compared to that of San Diego.
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Old 01-15-2015, 08:02 AM   #15
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The market down over a percent again today after a roller coaster session. We've got to be 5% or more off of December highs. Is this the long awaited correction or just a blip brought on by the markets trying to make sense of price drops in crude?
No one knows. But what would you do if you thought a correction was imminent? Consider both statements...
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Old 01-15-2015, 08:51 AM   #16
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Darn it - she said it! Even if only by linking a former thread.

I'll blame W2R and 2b... 2b because he just gave notice and said it would be his fault if the market tanked.
Absolutely, this is to test my commitment. OMY? Not a chance.

I still don't have an end date but the project is getting close to done -- at least my part of it. I'm still predicting an early February final exit.

We should see a solid market rally when I finally have no ability to reverse course.
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Old 01-15-2015, 08:54 AM   #17
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We had a visit to Carlsbad during the Xmas holidays (2014) and really enjoyed the weather, food and scenery of hills and beaches. The cost of housing of nearby towns (e.g., Oceanside, Vista) is reasonable compared to that of San Diego.
Are you trying to tempt me? If so, it's not working. I don't have any desire to live in San Diego.
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Old 01-15-2015, 09:02 AM   #18
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when the S&P gets around 1900, then we're talking correction...
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Old 01-15-2015, 10:17 AM   #19
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Are you trying to tempt me? If so, it's not working. I don't have any desire to live in San Diego.
No, I like to move there away from the chilly, cold winter days here in Minnesota, but DW wants to stay so that she's close to her mom.
I might have a better argument to move to the San Francisco Bay Area as DD is working and living there, but the cost of housing is ridiculous, not to mention traffic congestion.
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Old 01-15-2015, 10:24 AM   #20
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Are you trying to tempt me? If so, it's not working. I don't have any desire to live in San Diego.
Yes it's really a terrible place. We have earthquakes, droughts, even hail sometimes, the traffic is awful and too much time at the beach can give you skin cancer. You want to die of that? Crowds are terrible and people are nasty. Please everyone stay away.
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