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10-01-2007, 01:16 PM
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#1
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Record Dow! Whee!
I know we're not SUPPOSED to feel happy due to the fact that the Dow is over 14,000. Stocks are no longer on sale at a blue light special, and all that.
But I can't wait to see how my TSP fared! What a guilty pleasure, but pleasure nevertheless. Despite the housing bust and other economic woes, I am back to where I had hoped I would be by this time of year. 
Laissez les bons temps rouler! 8)
__________________
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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10-01-2007, 01:33 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
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Here we go again. Suppose there will be a big sell-off tomorrow?
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
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10-01-2007, 01:35 PM
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#3
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Probably so. I thought there was going to be a sell-off today. 
__________________
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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10-01-2007, 02:02 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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Even without today's gain, I've averaged over 13% annual gain for the last five years. True, the start of the five year period was right about at the bottom, but it's still good to notice and appreciate good performance when it happens.
__________________
Al
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10-01-2007, 02:17 PM
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#5
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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Back to where I wanted to be as well. October suppose to be a volatile month though. Hold on tight. 
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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10-01-2007, 02:34 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
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As if this summer wasn't volatile enough.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
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10-01-2007, 02:44 PM
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#7
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Full time employment: Posting here.
Join Date: Apr 2005
Posts: 577
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I sold everything in a small cap mutual fund today, to put in my "house in the mountains fund". Since I'm buying it in less than two months -- hopefully -- it seemed prudent.
It was cool not having to expect it to fall tomorrow.
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10-01-2007, 02:49 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2006
Posts: 12,880
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 Quote:
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It was cool not having to expect it to fall tomorrow.
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Ah, but if it goes up 2% tomorrow...
__________________
Al
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10-01-2007, 03:12 PM
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#9
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Full time employment: Posting here.
Join Date: Apr 2005
Posts: 577
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If so
Quote:
Originally Posted by TromboneAl
Ah, but if it goes up 2% tomorrow...
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I'll sigh.
But it doesn't matter, in my back of the envelope approach to life. Selling today I'm up on what I expected to have, so I have to use another envelope to work it again, see which fund to take less from. Nice problem. I'll take it!
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10-01-2007, 03:29 PM
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#10
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Recycles dryer sheets
Join Date: Sep 2007
Posts: 488
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I am skeptical of the market. It was tanking just a few weeks ago. Then the FED started pumping money into the economy and lowered key interest rates. Is the economy truly sound or will some major profit taking occur in the next few weeks? I would not be surprized if there is a sizable correction for we have not felt the full force of the housing bust and credit crunch yet.
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10-01-2007, 03:46 PM
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#11
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Recycles dryer sheets
Join Date: Jun 2007
Posts: 374
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I suspect that the US market will trend down next year because of election worries. Regardless of your political viewpoints, its hard not to concede that one party rule, by either party, has a disastrous track record. So I expect the US market to be down big next year and into '09. When it comes to the predictability of the investment climate, the government that governs least is indeed the one that governs best.
Of course we're not market timers, so I'll just be upping our international AA to oh, about 80% of equities...
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10-01-2007, 04:12 PM
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#12
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gone traveling
Join Date: Nov 2005
Posts: 2,146
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A complete disconnect from reality the market. Housing is in the tank crude is over 80 and headed toward 100 a barrel. gasoline will be over 4 dollars a gallon next spring and summer driving season and housing will still be sinking the dollars is toast, yes everything is roses.
Newguy
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10-01-2007, 04:22 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 2005
Location: Lawn chair in Texas
Posts: 14,183
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__________________
Have Funds, Will Retire
...not doing anything of true substance...
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10-01-2007, 04:55 PM
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#14
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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File Format: PDF/Adobe Acrobat - View as HTML
Presidential Election Cycle shown in the paper may constitute an anomaly in the US. stock market, which could be useful for investors. ...
www.econ.cuhk.edu.hk/dept/seminar/06-07/2nd-term/Presidential_Election_Cycle.pdf - Similar pages
The stock market usually goes up in a Presidential election year .
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10-01-2007, 08:50 PM
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#15
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,860
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Quote:
Originally Posted by FinanceGeek
I suspect that the US market will trend down next year because of election worries. Regardless of your political viewpoints, its hard not to concede that one party rule, by either party, has a disastrous track record. So I expect the US market to be down big next year and into '09. When it comes to the predictability of the investment climate, the government that governs least is indeed the one that governs best.
Of course we're not market timers, so I'll just be upping our international AA to oh, about 80% of equities...
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Quote:
Originally Posted by Moemg
The stock market usually goes up in a Presidential election year .
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Geez, FG, what Moemg said. Neither party has even started priming the pump for the pre-election rallies. And as the dollar plummets against the pump-priming, unhedged international funds should do quite well.
Or maybe it started today.
Up 7% YTD... but I'll concede your point about 2009.
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
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10-01-2007, 09:48 PM
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#16
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Quote:
Originally Posted by Razor
I am skeptical of the market. It was tanking just a few weeks ago. Then the FED started pumping money into the economy and lowered key interest rates. Is the economy truly sound or will some major profit taking occur in the next few weeks? I would not be surprized if there is a sizable correction for we have not felt the full force of the housing bust and credit crunch yet.
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Wait until Thursday (European Central Bank news on interest rate) or Friday (employment data).
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10-01-2007, 09:56 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,455
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Dow 14,000 ... is not a big deal compared to the return of emerging markets (VWO-- 38.39%). I wonder when the fun ride be over?
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10-01-2007, 11:56 PM
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#18
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Full time employment: Posting here.
Join Date: Dec 2005
Posts: 567
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I didn't have much international before so decided to get some. Now my portfolio is way overweight in Emerging Markets and has made me 60K YTD. I just watch in amazement, this is fun. Between my taxable and ROTH I made 5,300 today and can't wait for morning to see my 401K gain.
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10-02-2007, 06:59 AM
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#19
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 319
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One word of caution regarding the International market is the old say'ing "when the US sneezes the rest of the world gets a cold". I have seen it time and again. It is easy to get excited about the international markets I am using it to your advantage. I am holding true to my % allocations and will selloff my winners, including international holdings to buy some area's of poorer performance, like Bond funds.
__________________
Just Trekking thru!
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10-02-2007, 08:56 AM
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#20
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Thinks s/he gets paid by the post
Join Date: Sep 2006
Posts: 1,691
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Quote:
Originally Posted by FinanceGeek
Of course we're not market timers, so I'll just be upping our international AA to oh, about 80% of equities...
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US goes down, don't you think we'll bring the rest of the world with it?
TJ
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