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Old 06-20-2013, 09:50 PM   #41
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Originally Posted by Live And Learn View Post
I was using a 10% drop; 20% left me potentially broke at 79 which is much too young. I was unable to sleep when the market wasn't even dropping yet. Just not emotionally ready. I will probably keep working. Worst thing that happens is that I "wasted" a couple of good years to be able to spend more money on travel later on.
Well, maybe let it drop 10% and then run your numbers at that point and then retire if you show success then. I've often thought the best time to retire is just when there has already been a drop....

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Old 06-20-2013, 10:45 PM   #42
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Originally Posted by Katsmeow View Post
..............................................I also thought it was kind of absurd for the market to react so strongly to Bernanke's statements which I also didn't find alarming.
I have a diferent view. I really can't remember anytime in the last 20 years when "The Market" didn't react absurdly to statements by the Fed.

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Old 06-21-2013, 08:43 AM   #43
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Am out of my bailiwick when it comes to investing, but thought this article on the safety of the market (that ETF's are supposed to enhance), might be worth a read.

"ETF Losses Today Were Far Beyond What The Most Sophisticated Risk Models Could Have Predicted" | Zero Hedge
It deals with the situation that can occur when the amount of cash redemptions at a trading desk exceeds the allocated at risk capital. It can essentially halt trading, and cause the very steep market drops.

Most of these problems occur because of the high frequency trading where automatic trades take place in milliseconds and ahead of the human reaction time.

This morning there were announcemnts from exchanges that purport to fend off the "crash" effect, but the pundits question these changes.

A harum scarum article but something to keep in mind as it describes what actually happened yesterday.
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Old 06-21-2013, 11:50 AM   #44
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It appears we are not done yet with people thinking they can time the markets, paying too much attention to short term activity and committing to their strategy only as long as things are good. Best of luck with all that; the overwhelming evidence is that you're going to underperform.

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