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01-28-2014, 08:31 AM
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#21
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I call the 2013 run up as the correction. This week is just noise.
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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01-28-2014, 08:34 AM
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#22
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Recycles dryer sheets
Join Date: Jun 2011
Posts: 144
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Market dips=buying opportunity.
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01-28-2014, 09:05 AM
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#23
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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If you pay me enough, I will privately inform you where the market is going in the next few months.
Or you can buy it here for a more modest sum: Amazon.com : The Future by Lsbcal
Some of you think this is just a joke, but I take it very seriously and have all my money riding on this.
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01-28-2014, 09:10 AM
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#24
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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: 50,022
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 Quote:
Originally Posted by Lsbcal
Some of you think this is just a joke, but I take it very seriously and have all my money riding on this.
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You have all your money riding on this board or that one?
__________________
Numbers is hard
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01-28-2014, 09:10 AM
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#25
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,731
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I'm going to go see this guy today:
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01-28-2014, 09:11 AM
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#26
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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This morning I spent an hour in intense concentration as I tried to read the minds of the Fed Chair and the Central Bankers in Europe. Nothing but blank thoughts. So, I brought out my Crystal Ball, but it is cracked and the magical 'ether' inside has escaped. Finally, I decided to play my trump card and fired up my Time Machine. Alas, it is broken and the part it needs won't be made until 2347. So, I can't help answer the question.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-28-2014, 09:13 AM
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#27
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,266
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Quote:
Originally Posted by twolfy
Market dips=buying opportunity.
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But low, sell high. What a novel concept!
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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01-28-2014, 10:26 AM
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#28
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Thinks s/he gets paid by the post
Join Date: Aug 2007
Posts: 2,874
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Quote:
Originally Posted by obgyn65
I think I started a thread a few months ago about my first investment in bonds ever, and bonds crashed right after that. I bought my first home ever, a condo, in 2008, cash with no mortgage, at the very peak - still have not recovered from that. No more real estate for me.
And now this correction. This is yet again another piece of evidence that some of us, including myself, are just unlucky when it comes to investments, even if we don't try to time the market.
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I bought at some of the highs before the crash in 2008. I was down over 37% in 2008 - more than the S&P500! - but I kept buying. I broke even sometime in 2010 and since then have done quite well. It's hard to see your principal take a hit, and of course there's no guarantee that it will come back, but historically it always has. I take comfort in that fact and my take is that if it doesn't come back, then sh*t's hit the fan and my portfolio value may not matter much.
Btw, if it's cheaper now, maybe it's a good time to buy more? 
__________________
Eat, Drink and Be Merry.
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01-28-2014, 10:42 AM
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#30
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by REWahoo
You have all your money riding on this board or that one?
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Definitely on that one. Now I'm a bit confused.
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01-28-2014, 10:43 AM
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#31
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2006
Location: west coast, hi there!
Posts: 8,809
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Quote:
Originally Posted by Chuckanut
This morning I spent an hour in intense concentration as I tried to read the minds of the Fed Chair and the Central Bankers in Europe. Nothing but blank thoughts. So, I brought out my Crystal Ball, but it is cracked and the magical 'ether' inside has escaped. Finally, I decided to play my trump card and fired up my Time Machine. Alas, it is broken and the part it needs won't be made until 2347. So, I can't help answer the question.
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You have missed your calling as a novelist. I'm now waiting for the next installment.
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01-28-2014, 10:52 AM
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#32
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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I live in the moment.
When in a bull market, I think about how much my net worth grows.
When in a bear market, I think about all the shares I'm getting.
I just DCA so no zig zagging around for me.
But I'll take the bait and look in my crystal ball and say since it's been about 5 years since the start of the great recession, we are due for a long correction, until the next election come around then it's go, go go
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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01-28-2014, 02:13 PM
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#33
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Thinks s/he gets paid by the post
Join Date: Apr 2011
Location: Madison
Posts: 1,337
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just bought some more stocks on this dip. I'm calling it a short but tepid correction.
Aren't you glad I brought this all into discussion?? 
__________________
Wild Bill shoulda taken more out of his IRA when he could have. . . .
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01-28-2014, 02:54 PM
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#34
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gone traveling
Join Date: Apr 2011
Posts: 3,375
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Define long.
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01-28-2014, 03:15 PM
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#35
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 25,346
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I DIY, I have my own crystal ball. And I'm keeping it to myself. 
__________________
When I was a kid I wanted to be older. This is not what I expected.
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01-28-2014, 04:33 PM
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#36
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by dtbach
Last few days have been interesting in the market. Don't see the start of a Bear market but wondering if this might be a sharp but short correction or one of a longer deeper magnitude?
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Short and shallow one. But if it turns out to be a longer and deeper one, I see it as an opportunity to re-balance.
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01-28-2014, 06:26 PM
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#37
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gone traveling
Join Date: Jun 2012
Location: Austin
Posts: 245
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I asked my son for his opinion on the stock market:
Travis Stock Market Show
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01-28-2014, 06:51 PM
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#38
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Administrator
Join Date: Apr 2006
Posts: 23,041
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I bought $175k of SDY at the open this morning, so that is my stake in the ground. We'll see how it goes.
__________________
Living an analog life in the Digital Age.
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01-28-2014, 09:39 PM
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#39
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 277
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Quote:
Originally Posted by Gumby
I bought $175k of SDY at the open this morning, so that is my stake in the ground. We'll see how it goes.
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Thanks for the warning...what's your track record lol
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01-28-2014, 09:40 PM
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#40
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Recycles dryer sheets
Join Date: Jan 2014
Posts: 277
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Quote:
Originally Posted by Turboslacker
Short one
At least I got a 50-50 chance
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See I was right. Market up today.
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