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Woo-Hoo!!!
Old 10-14-2009, 02:20 PM   #1
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Woo-Hoo!!!

The Dow is over 10,000 again. Time to celebrate after this long, fast run-up.



(at least I didn't say "Whee!!!")

I would expect that we will be back and forth from the 9,000's to the 10,000's and back for a while, but this is sure better than 6500 in my book.
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Old 10-14-2009, 02:24 PM   #2
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Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.

And thank you W2R for not going "whee" "whee" again!
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Old 10-14-2009, 02:24 PM   #3
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W2R has posted the "W" word*. Sell everything.....


*"Woo-Hoo" is Swahili for "Whee"
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Old 10-14-2009, 02:25 PM   #4
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That's it I am going 100% gold and ammo...
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Old 10-14-2009, 02:29 PM   #5
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Originally Posted by Bestwifeever View Post
Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.
Yes, I was overdue for a rebalance and this looks like as good a time as any. I have to get back to putting my rebalances on auto-pilot, though...

The Dow currently looks like a NYC ZIP code...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 10-14-2009, 02:30 PM   #6
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W2R has posted the "W" word*. Sell everything.....


*"Woo-Hoo" is Swahili for "Whee"
But I don't speak Swahili!
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That's it I am going 100% gold and ammo...
Glad to provide this valuable service to y'all.

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Originally Posted by Bestwifeever View Post
Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.

And thank you W2R for not going "whee" "whee" again!
You're quite welcome. And yes, seems to me that we had a lot of folks that were honestly sweating bullets when the market was near the bottom. So, do you (oh member) REALLY think your asset allocation is just fine as it is? Time to think about it.
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Old 10-14-2009, 02:32 PM   #7
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Originally Posted by Want2retire View Post
The Dow is over 10,000 again. Time to celebrate after this long, fast run-up.
I would expect that we will be back and forth from the 9,000's to the 10,000's and back for a while, but this is sure better than 6500 in my book.
So now you're calling both the top AND the bottom?!?
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Old 10-14-2009, 02:35 PM   #8
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I would expect that we will be back and forth from the 9,000's to the 10,000's and back for a while, but this is sure better than 6500 in my book.
Not if you are very young and wanted to keep loading up on cheap stocks for many years...
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"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)

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Old 10-14-2009, 02:35 PM   #9
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So now you're calling both the top AND the bottom?!?
Back when the Dow was around 6600, I said the bottom would be 3500 or something, as I recall. So, I guess I don't really have much skill at that...

What I am good at, is saying it's TIME TO PARTY!!!

Of course, we still have 25 minutes to the closing bell. But still, at least it surpassed 10,000 during the day.
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Old 10-14-2009, 02:37 PM   #10
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Not if you are very young and wanted to keep loading up on cheap stocks for many years...
Young people don't HAVE to get happy about the market. After all, they are going to live another 70 wonderful years! Over half of those years will be after I have returned to dust..., so scroom. JUST KIDDING!!
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Old 10-14-2009, 02:38 PM   #11
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No, really, it really does feel like time to get out...
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Old 10-14-2009, 02:40 PM   #12
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No, really, it really does feel like time to get out...
This time it's different no different - ah heck, who knows...
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Old 10-14-2009, 02:43 PM   #13
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Anyone going to take money off the table now?
I did, a few weeks ago.
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Old 10-14-2009, 02:53 PM   #14
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Anyone going to take money off the table now?
Is it too late to pile some on?
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Old 10-14-2009, 02:59 PM   #15
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Anyone going to take money off the table now?
I'm still selling to maintain my new equity asset allocation. Now, what do I do with all this cash.
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Old 10-14-2009, 03:03 PM   #16
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I'm still selling to maintain my new equity asset allocation. Now, what do I do with all this cash.
I think that's a significant part of what is fueling this rally -- all the other options for investing your cash really seem to stink right now.
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Old 10-14-2009, 03:07 PM   #17
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I think that's a significant part of what is fueling this rally -- all the other options for investing your cash really seem to stink right now.
Yep. This is exactly the reason I can't work up much enthusiasm for trimming some equity gains.
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Old 10-14-2009, 03:11 PM   #18
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Yep. This is exactly the reason I can't work up much enthusiasm for trimming some equity gains.
I'm less than 1% (only 0.6%) out of balance anyway, or I would. I guess that's because my TSP contributions are all in the G Fund (a bond fund). Actually, I would wait until it was over 10,000 for several days. It's possible that a lot of people will be selling because it reached 10,000, and that might drive the market back down tomorrow. But then, who knows?

Closing Dow 10,015.90
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Old 10-14-2009, 03:47 PM   #19
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It all depends on your AA. It might be a good time to re-balance. I let that judge my actions. Normally I would wait till Jan. to avoid the tax man a little longer.
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Old 10-14-2009, 03:50 PM   #20
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Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.

And thank you W2R for not going "whee" "whee" again!
Nah still within my AA. I took some off a few months ago when my EM got out of whack.
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