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it's the crash of October 2014 all over again
12-12-2014, 02:52 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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it's the crash of October 2014 all over again
I want to be the first to panic that this downturn will be ruiness.
Remember how bad it was in October? We are headed for at least that kind of calamity, possible worse this time. In fact we may never recover again. It may be a new normal in which stock owners report to work each day because the laborers are in charge of investment capital.
I just saw a dog living with a cat and they had a pet duck.
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12-12-2014, 03:01 PM
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#2
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Was there blood running in the streets yet?
__________________
Retired since summer 1999.
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12-12-2014, 03:09 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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12-12-2014, 03:13 PM
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#4
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Gloom, despair, and agony on me.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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12-12-2014, 03:35 PM
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#5
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 414
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Come on! Surely you know, this time is different.
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12-12-2014, 03:40 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,021
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 Quote:
Originally Posted by Palmtree
Come on! Surely you know, this time is different.
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Please don't say that...
__________________
Numbers is hard
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12-12-2014, 04:12 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Oct 2004
Location: Portland
Posts: 2,038
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My fault, I moved $50k from cash to the Spartan Total Market Index fund right before the down turn.
Sorry all. 
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12-12-2014, 04:20 PM
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#8
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,340
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Quote:
Originally Posted by Helen
My fault, I moved $50k from cash to the Spartan Total Market Index fund right before the down turn.
Sorry all. |
That explains it.
__________________
When I was a kid I wanted to be older. This is not what I expected.
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12-12-2014, 04:27 PM
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#9
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gone traveling
Join Date: Oct 2014
Location: Katy
Posts: 78
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Quote:
Originally Posted by dallas27
I want to be the first to panic that this downturn will be ruiness.
Remember how bad it was in October? We are headed for at least that kind of calamity, possible worse this time. In fact we may never recover again. It may be a new normal in which stock owners report to work each day because the laborers are in charge of investment capital.
I just saw a dog living with a cat and they had a pet duck.
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I'm rearranging all my deck chairs as soon as I get home this evening.
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12-12-2014, 04:38 PM
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#10
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Thinks s/he gets paid by the post
Join Date: Oct 2008
Posts: 1,608
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Did someone say buying opportunity?
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12-12-2014, 05:18 PM
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#11
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Moderator Emeritus
Join Date: Oct 2007
Location: Portland
Posts: 4,946
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12-12-2014, 05:29 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2003
Location: Pasadena CA
Posts: 3,346
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But if you are momentum investing isn't it best to be the first to panic?
Sent from my iPad using Early Retirement Forum
__________________
T.S. Eliot:
Old men ought to be explorers
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12-12-2014, 05:33 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Posts: 6,506
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This too shall pass. Next!
Hard to get wound up, as I am listening to the Earth wheel sky band's Gypsy tango.
__________________
There must be moderation in everything, including moderation.
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12-12-2014, 06:09 PM
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#14
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Recycles dryer sheets
Join Date: Aug 2014
Location: Western Canada
Posts: 393
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Quit whining, look at what has happened to us Canuckstanis. TSX is clobbered, down to ~ a year ago.
We can (but won't) buy a pretty good company with a 6% divi at a bargain price. Extra points: I did
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12-12-2014, 06:19 PM
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#15
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Recycles dryer sheets
Join Date: Aug 2011
Location: aberdeen
Posts: 267
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I actually sold all my biggest stock gainers in the last few months. I was not feeling good and thought we are at the last part of the long bull market. I now see the market moving sideways and then down!!!. Now I don't know what to do with my bond funds.
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12-12-2014, 06:27 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Aug 2010
Posts: 1,089
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well, comparing to the high on 12/5, it is only down 3.7%.
I will panic when it is down 10%.
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12-12-2014, 10:11 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Mar 2010
Location: Chicago
Posts: 1,154
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Quote:
I prefer.....WHEEE. 
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12-12-2014, 10:59 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Crash of Oct 2014? What crash? It was just a correction. This time, it may be different!
Quote:
Originally Posted by Rick_Head
Quit whining, look at what has happened to us Canuckstanis. TSX is clobbered, down to ~ a year ago.
We can (but won't) buy a pretty good company with a 6% divi at a bargain price. Extra points: I did
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You made me look. TSX is actually still up 3.6% YTD, and 7.7% the last 12 months. However, it is down -12.5% relative to its recent high in early September. It has gone back into the low of Oct. The US S&P is next!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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12-12-2014, 11:23 PM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2008
Location: No fixed abode
Posts: 8,765
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Quote:
Originally Posted by fh2000
well, comparing to the high on 12/5, it is only down 3.7%.
I will panic when it is down 10%.
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I won't even be ready to start buying at 10%. Maybe 15%. Maybe 20. Yep, the S&P back at around 1600 would be a good time to buy/panic.
__________________
"Good judgment comes from experience. Experience comes from bad judgement." - Anonymous (not Will Rogers or Sam Clemens)
DW and I - FIREd at 50 (7/06), living off assets
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12-13-2014, 08:21 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 3,502
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http://youtu.be/q0POXW4V1_k
40 Years of darkness for sure!
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__________________
“No, not rich. I am a poor man with money, which is not the same thing"
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