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Old 10-19-2007, 05:02 PM   #41
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The difference is that if you work hard on the stock market you'll get better with age.

Sellers went nuts today. Wish we didn't already have everything fully invested...
I'm taking care of my mom's investments since my dad passed a couple years ago. He moved everything into money markets before he died to make it simple for my mom. Today I moved a good chunk of it (about 20%) back into the market, about a half hour before the close after seeing a pretty decent entry point developing.
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Old 10-19-2007, 05:29 PM   #42
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The difference is that if you work hard on the stock market you'll get better with age.

Sellers went nuts today. Wish we didn't already have everything fully invested...

I suspect this may not be your first day of wishing that, obviously this is a requirement in the macro condition to achieve a top in the market.
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Old 10-19-2007, 05:45 PM   #43
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Make a little gain....Take a little profits.... The race is won by those who don't get greedy...Pigs and Hogs........Tortise and Hare.....
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Old 10-19-2007, 06:10 PM   #44
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I suspect this may not be your first day of wishing that, obviously this is a requirement in the macro condition to achieve a top in the market.
Dude, that was a golfing joke. Lighten up and laugh a little. And no "wishing" required-- my stock market performance is a lot better than my golfing ever was.

Our ER portfolio dropped 1.8% today, compared to the Dow's 2.6% drop, and we're still up 6.8% YTD. I see this as yet another buying opportunity...
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Old 10-19-2007, 07:17 PM   #45
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Our ER portfolio dropped 1.8% today, compared to the Dow's 2.6% drop, and we're still up 6.8% YTD. I see this as yet another buying opportunity...

Interesting my portfolio also dropped 1.8% today, and I'm also looking at buying. If I ever drop off the internet for several months (like sailing the South Pacific) I know who I want to keep an eye on my portfolio.

I am curious is anybody else spooked that this dropped happened 20 years to the day after the 1987 crash. Is this a pure coincidence or a self-fullfilling prophesy?

Unlike the 1987 crash, which I had the misfortune of staying home sick, and getting to watch unfold in real time, but could not get my online quotes. I was blissfully unaware of this correction until after the market closed.
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Old 10-19-2007, 07:51 PM   #46
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Is this a pure coincidence or a self-fullfilling prophesy?
Must be the latter.

Our portfolio only dropped by 1.17%, but it's a big thing for us.
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Old 10-19-2007, 08:26 PM   #47
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Must be the latter.

Our portfolio only dropped by 1.17%, but it's a big thing for us.
Mine dropped 1.2% today. Maybe I will win some back on the golf course tomorrow.
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Old 10-19-2007, 08:31 PM   #48
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Down 1.2% here, too. Feels kind of good: sky is falling according to the media, and I took nothing more than a little ding.
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Old 10-19-2007, 09:45 PM   #49
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I've still got too many accts (I didn't say too much money) and have them loaded at Morningstar can't get the portfolio page to open, to tired to actually do the math (please send help)
Wet finger in the air down about 1% today so a few hours ago I grabbed 10% of my cash and bought some more small cap value.
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Old 10-19-2007, 09:49 PM   #50
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I must be geeting old and jaded. Down 350 points? Is that the best you can do? I crapped bigger things than that!
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Old 10-20-2007, 09:16 AM   #51
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Greed is good. Now another quick 5-6000 point drop and I'll back up the the truck - maybe take a Heloc on on the house, go higher than 65% stocks, etc, etc.

Or not. Might just watch a little football, buy a couple Norwegian widow stocks, and let my lifecycle fund auto rebalance.

Geaux Saints!

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Old 10-20-2007, 09:31 AM   #52
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My portfolio dropped 1.2% -- but from the media hoopla all day yesterday, you would have thought the bottom had fallen out completely. I wonder a bit about how much of the market is driven by these "skies are falling" stories.
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Old 10-20-2007, 09:58 AM   #53
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Just a few short weeks ago the market was plummeting with no bottom in site. The FED bailed it out by pumping billions into the economy and cutting interest rates. There definately is a major problem and the FED can not manipulate the market forever. Eventually the housing bust, weak dollar, out of control government spending, credit crunch and high oil prices will catch up to us. It is not doom and gloom, it is just facing reality. The only reason the market had been going up the last few weeks is that the economy is so bad that another interest cut is expected.
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Old 10-20-2007, 10:12 AM   #54
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Interesting my portfolio also dropped 1.8% today...
Both our portfolios are probably contaminated with too much Intel stock...

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... and I'm also looking at buying.
... and that's probably the cause of the Intel problem.

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If I ever drop off the internet for several months (like sailing the South Pacific) I know who I want to keep an eye on my portfolio.
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I am curious is anybody else spooked that this dropped happened 20 years to the day after the 1987 crash. Is this a pure coincidence or a self-fullfilling prophesy?
Friday's market drop was pure coincidence.

This coming Monday's meltdown will be the self-fulfilling prophesy...
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Old 10-20-2007, 10:50 AM   #55
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This coming Monday's meltdown will be the self-fulfilling prophesy...
Monday will be real interesting. It could go either way unless there is some really bad news.
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Old 10-20-2007, 10:58 AM   #56
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It's the FOX Business Channel Effect:

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IS FOX BUSINESS NEWS BAD FOR THE MARKET?

Network began on Monday. Market since Monday:

Eschaton

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Old 10-20-2007, 11:13 AM   #57
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Hey! Our gold stock BGEIX gained almost exactly what our Hewlett-Packard lost. Pretty cool! Ended up loosing just as many dollars for the day as the number of points the Dow lost. Can you tell we don't have a great wad in the market? If tomorrow brings another crummy day i may actually splurge and buy something boring.
Errr - just took a Saturday look at our stuff - was going to have this great post about how one of the virtues of having low gaining stocks was the slow losing - no such luck. The above post was inaccurate. We are down for the day as of 10/20 1.35%, red top to bottom... I know BGEIX updates once a day, looks like some of the others do as well. Or the pony carrying the latest news from the outside just made it into town.
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Old 10-20-2007, 11:15 AM   #58
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Down 1.9% yesterday. Still up 16.1% YTD. Currently sitting tight.
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Old 10-20-2007, 01:05 PM   #59
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Monday will be real interesting. It could go either way unless there is some really bad news.
I would expect a rebound, personally. If not, the slide will be short lived.
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Old 10-20-2007, 01:19 PM   #60
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I would expect a rebound, personally. If not, the slide will be short lived.
Only if the Fed cuts interest rates again. If not, the fall could last a while.
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