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02-11-2018, 04:37 PM
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#21
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Recycles dryer sheets
Join Date: Jan 2015
Location: Rural VT
Posts: 212
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We moved this summer and the packers lost my crystal ball...eh, it never worked anyway.
We do not have a clue! Just two weeks ago I was complaining about how much my RMDs would be next year and the market fixed that for me....
My guess is down about 500 and then leveling off and see sawing up and up starting the following week. Truly, where else is there to put your money?
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02-12-2018, 10:58 AM
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#22
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 40,544
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 Quote:
Originally Posted by W2R
[...] like most, I have irrational, completely unreliable hunches based on absolutely nothing. Mine tell me that the market will stay relatively stable for the first part of the week, and then continue to drop precipitously maybe starting next Thursday or Friday.
But who knows?
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Well, so much for my hunches! I see that the Dow is up ~420 points or so at the moment. I wouldn't call that "relatively stable".
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__________________
100% retired since 2009 and never plan to work for anybody ever again, paid or not. Retirement funded by Social Security, mini-pension, and investments (AA 45:55, mostly Vanguard). Debt free with no mortgage and over-the-moon happy to be retired.
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02-12-2018, 11:41 AM
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#23
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Full time employment: Posting here.
Join Date: Feb 2007
Posts: 541
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Quote:
Originally Posted by W2R
Well, so much for my hunches! I see that the Dow is up ~420 points or so at the moment. I wouldn't call that "relatively stable".
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In a 2016 Forbes article, they stated:
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In the last 87 plus years, the majority of the Dow’s daily returns (93.33%) were between -2.0% and +2.0%.
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So a change of 1.8% (as I type this for the Dow), while not normal, isn't all that abnormal. (over 6.67% of days would have a larger % change). It is the last year or so that has been abnormal. https://www.forbes.com/sites/mikepat.../#6f9e1f576972
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02-12-2018, 11:53 AM
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#24
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Posts: 1,398
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Quote:
Originally Posted by Ronstar
Have no clue. I was stunned to see that the DJIA went up 330 points today - just like last Friday. Then I found out that today is Sunday.
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oh, then you missed Saturday's 330 point gain?
I'm on a long trip and I have made the same mistake, because I don't know what day it is, generally.
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02-16-2018, 04:20 PM
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#25
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Syracuse
Posts: 1,400
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Quote:
Originally Posted by GravitySucks
I'll give a WAG (not even able to use the qualifying S)
Lots of ups and downs finishing S&P down 5%.
And I'll lose 5 lbs at the gym and dieting. Or maybe by taking the rocks out of my pocket.
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And this is why I don't day trade.
And didn't even lose the five pounds.
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“No, not rich. I am a poor man with money, which is not the same thing"
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02-16-2018, 07:51 PM
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#26
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Full time employment: Posting here.
Join Date: Jun 2017
Location: Western NC
Posts: 698
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