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Old 08-08-2011, 09:34 AM   #61
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Down 3.5% so far, whee!
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Old 08-08-2011, 09:35 AM   #62
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I'm glad I sold 60% of my stock investments 2 weeks ago and the rest last week. I would rather leave money on the table on the somewhat limited upside potential (in my opinion) rather than risk losing even more if the market keeps dropping.

Since I'm retired I'm in the business of preserving what I already have rather than trying to hit a home run on every investment. Are there any other people on this forum that take this point of view? I get the impression that I'm in the minority on this forum on that point of view.
I guess it must be a Dallas thing. I have been moving more to cash since April and am more than 50% cash. I mentioned several times that my perception of the overall economy is that it stinks and I see a recession on the horizon. That said, I would love to be wrong, but I'm not going to sit back and see a large portion of my wealth go out the window with retirement contemplated next year.
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Old 08-08-2011, 09:44 AM   #63
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I admit I have not researched this but I thought you might like to see it:

Matt Stoller: Standard & Poor
It's appropriate to be skeptical of the rating agencies. We should always apply a healthy skepticism to just about everything. And indeed, the S&P rating may be based on hogwash.

However, given the fiscal state of the Feds, it seems a bit to me like arguing about which model the weather forecasters used to predict a storm you find yourself in. Either way, you better take cover!

I get the sense that there is a bit of 'kill the messenger' going on here, by those who don't like the message.

-ERD50
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Old 08-08-2011, 09:46 AM   #64
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Down 3.5% so far, whee!
For some perspective, we are down... from recent peaks.

But we are still (as I type!) above where we were a year ago. That's not exactly cats-and-dogs-living-together-end-of-the-world stuff.


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Old 08-08-2011, 09:59 AM   #65
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Down 3.5% so far, whee!
I hate roller-coasters.
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Old 08-08-2011, 10:03 AM   #66
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I get the sense that there is a bit of 'kill the messenger' going on here, by those who don't like the message.

-ERD50
Huh? Like

Look, everyone knows about the mess in Washington but they also know about the credit worthiness of the US. While everyone is watching what US companies are doing today is anyone watching what Treasuries are doing so far?

I do think it is important to examine the messenger's motives. This is about my country, d-it.
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Old 08-08-2011, 10:22 AM   #67
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YIPPEE!!!
Love these buying opportunities!


[um, that's the right reaction here, isn't it]
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Old 08-08-2011, 11:56 AM   #68
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YIPPEE!!!
Love these buying opportunities!

[um, that's the right reaction here, isn't it]


That's one way to look at it.

Another is to repeat after me..."It's only a paper loss until you sell, It's only a paper loss untl you sell"
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Old 08-08-2011, 12:55 PM   #69
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YIPPEE!!!
Love these buying opportunities!


[um, that's the right reaction here, isn't it]
Absolutely! This is the buying opportunity of the century. Once the hangover wears off, reality will set in that nothing has affected company profits. Classic sell-off, hyped by the business news. Day traders will get rich on this mob mentality. By next week people will suddenly realize the sky isn't falling.
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Old 08-08-2011, 01:20 PM   #70
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And hey, here's another silver lining:

If your withdrawal rate is 4%, now you can sit back and relax, because Mr. Market is taking care of that for you!

Is this a great country or what?
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Old 08-08-2011, 01:32 PM   #71
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About one thirty local time Monday.

Full auto - Target Retirement.

Note to self - touching the trottle is a no no - let those Vanguard computers rebalance away.

heh heh heh - don't look (maybe a peak) and repeat football is coming. Football is coming.
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Old 08-08-2011, 01:41 PM   #72
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Hate to see the losses, but only down 2.4% from my high just a few weeks ago and still up for the year. There, now I feel better.......now I feel better......now I feel better..........

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Old 08-08-2011, 01:54 PM   #73
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60/40 AA is now 53/47. Should I rebalance to 60/40 now or wait for the dust to settle a bit?
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Old 08-08-2011, 01:58 PM   #74
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Hate to see the losses, but only down 2.4% from my high just a few weeks ago and still up for the year. There, now I feel better.......now I feel better......now I feel better..........

See? Your new AA is really helping compared with 2008-2009. Sounds like it is working out nicely for your peace of mind. Just keep .
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Old 08-08-2011, 02:01 PM   #75
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60/40 AA is now 53/47. Should I rebalance to 60/40 now or wait for the dust to settle a bit?
I put a good sized transaction in just now. I suspect we will get a bounce later in the week but who knows. Maybe we are heading for S&P 700 as Europe and the US flail.
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Old 08-08-2011, 02:01 PM   #76
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Maybe we are heading for S&P 700 as Europe and the US flail.
Sure hope you spelled that correctly...
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Old 08-08-2011, 02:06 PM   #77
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Per the original question, I think we have an answer...
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Old 08-08-2011, 02:10 PM   #78
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Per the original question, I think we have an answer...
Sort of. This is what I was expecting/hoping for since it seems like an over reaction to me. I have acted on my prediction but I am not real confident. This could keep going for a while. I still have room to buy more if we keep falling. But then maybe I will be twice a fool.
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Old 08-08-2011, 02:38 PM   #79
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Absolutely! This is the buying opportunity of the century. Once the hangover wears off, reality will set in that nothing has affected company profits. Classic sell-off, hyped by the business news. Day traders will get rich on this mob mentality. By next week people will suddenly realize the sky isn't falling.
You don't think all of this bad news and down market affects buyer demand?....and ultimately the market? I do.
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Old 08-08-2011, 02:39 PM   #80
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Oil down, now less than $82/barrel. If it stays there, that could provide some economic stimulus.
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