Another Market Down Day .. Are you buying or selling ?

[dvalley]

I plowed another $20k into the market today (in addition to the $10k nibble two days ago). Just a 70/30 split between VTI/VTSAX and VXUS/VTIAX. The latter is down about 14% YTD.

 

[aja8888]

I went to the doctor today and did nothing with my investment accounts. Every time I play around with the accounts, I seem to screw things up, so I'll just leave well enough alone.

 

[CyclingInvestor]

I agree. Volatility is more captivating than any rival football game, the final lap of nascar, or the last seconds of the kentucky derby.

I agree. While I always stay about 99% invested, movement like this last week give me a chance to trade a few stocks that are relatively over-valued in my opinion (goodbye PM and DUK) for a few that are newly under-valued (hello IRM and ABBV).

 

[misanman]

Looking on the bright side, the covered calls I sold a couple of weeks ago expired today out of the money

 

[Montecfo]

Long and strong

 

[Winemaker]

Took some cash out of stable value, bought some value, took some cash and bought some beat up preferrdeds. Yawn.

 

[NYEXPAT]

Surfed the Web earlier this morning, while drinking my coffee. Saw that the Dow was down more than 300 points. Darn! Did not buy or sell anything.

Went out to the backyard to continue some work.

Went back in just now to rest. Saw that the Dow had dropped more than 500 points, and has already bounced back. Whoo Hoo! Fun time!

There are posters here who say the market action is boring and puts them to sleep. Then why are they still reading and posting on these threads?

I myself find this crazy market much more interesting to watch than any sports game, which I find extremely boring.

+1

 

[LiveBelowMeans]

Bought GOOG today after earnings report. I like the long term prospects of everything they’re doing. Jmho

 

[W2R]

Surfed the Web earlier this morning, while drinking my coffee. Saw that the Dow was down more than 300 points. Darn! Did not buy or sell anything.

Same here.

[…]There are posters here who say the market action is boring and puts them to sleep. Then why are they still reading and posting on these threads?

I myself find this crazy market much more interesting to watch than any sports game, which I find extremely boring.

I think it's riveting! It's like watching a slow motion train wreck. I have no intention of doing anything, but it's still amazing and fascinating to watch. One could even think of it as being like a long, drawn out soap opera. You know the car is going to go off the cliff, but it's filmed in very slow motion and you just can't take your eyes away from it.....

Luckily my AA is conservative enough that I'm not inordinately distressed about the market. My (paper) losses are only $36K and I expect that much and more to return in due time.

 

[jimbee]

I follow my investment policy statement (IPS). Nothing to do yet, haven't hit any action limits.

 

[NYEXPAT]

It's hard to believe at one point I was up almost 17% and now I'm about break even. I can handle the ride. I do think this is the only time we've corrected twice in a year in an election year where house/senate were predominately controlled. I could be wrong on that stat.

I have seen you on the Investment performance thread and we always had similar results. After seeing this post, I had to look it up and as of yesterday I was up 14.33% YTD. That compares to +17% the end of September and reinforces (for me) why I spend my time trading instead of playing with my Yoyo.

 

[jimbee]

A down market is a good time for Roth IRA conversions.

 

[allegra3201]

Buying. And if it drops more, I'll buy more.

Same here. But not hoping for another drop.

 

[Tiger8693]

i have about $60k in cash that was rolling through CD ladder, but let lapse just for this possibility. I bought $10k IVV yesterday at about $273, and another $10k today at $266. Will watch next week and decide on when to put in the next $10k, maybe eventually investing the whole $60k. I won't (potentially) need it until "earliest" 5-6 years, so hoping this will at that time (hindsight) seem like a smart move.

 

[HadEnuff]

holding. for now.

 

[Car-Guy]

Bought into the dow Wednesday, sold several (most) yesterday, am about to buy back "some" again today.

Just ran some numbers. I made about $12,200 profit between Wednesday's buys and Thursday's sell orders. (Not that great but it's better than a sharp stick in the eye.) I bought back in today about 30 mins before the closing bell but not as much as I had bought Wednesday. Now it's wait the weekend to see what Monday holds. If it drops again, I'll "probably" buy some more. Not much different than on line gambling, albeit, slower.

 

[HFWR]

BIV tripped the 10% down limit back in August or so, but I didn’t rebalance until after the last rate hike (DMT!)

On 10/23, both VGK and IGR tripped the limit, so bought enough to rebalance. Nothing very close to 10% down (or up...) at the moment, so steady as she goes.

 

[NW-Bound]

... I think it's riveting! It's like watching a slow motion train wreck. I have no intention of doing anything, but it's still amazing and fascinating to watch. One could even think of it as being like a long, drawn out soap opera. You know the car is going to go off the cliff, but it's filmed in very slow motion and you just can't take your eyes away from it.....

Nooooo! Not a train wreck!

It should be like a cliff-hanger stunt, like in those James Bond movies where our hero always manages to save himself at the last minute, even if he goes off a cliff with no parachute.

Train wreck. Bite your tongue.

The market is officially in a correction today. Long live the market.

 

[NW-Bound]

Speaking of James Bond movies, a few years ago when I was in a health scare and was under surgeries and treatments, I reserved from the local library all of Ian Fleming's novellas and read them while resting in bed.

Yes, I read all of them. The original stories were really low-tech, and the real James Bond did not have the fancy weapons like in the movies. He was not rich either. But he was a good gambler, and often went to play in casinos to get extra money to augment his income.

The movies are too far-fetched, but I like the music nevertheless.

PS. From the description of Bond in the novellas, I think Daniel Craig fits the character. Bond is not a really handsome guy, and even has a scar on his face.

 

[W2R]

Nooooo! Not a train wreck!

It should be like a cliff-hanger stunt, like in those James Bond movies where our hero always manages to save himself at the last minute, even if he goes off a cliff with no parachute.

Train wreck. Bite your tongue.

The market is officially in a correction today. Long live the market.

Oh I LOVE IT! Especially when he managed to survive and even miss hitting the mountain after all that. You're right; that's a better analogy than the slow motion train wreck.

I think Daniel Craig is the best Bond, too. I read all of the James Bond books when I was young, and always imagined Bond as being a lot like Craig.

 

[COcheesehead]

Selling crap I want to get out of. Buying zero more in equities. Building cash, adding to my bond ladders. Winter is coming. I hope for sun, but know cold and snow are the norm. Feeling content.

 

[foxfirev5]

A down market is a good time for Roth IRA conversions.

Yep, that's about all I'm doing

 

[Oz investor]

i wasn't planning to sell ( most of ) the portfolio anyway

am currently looking for opportunities to add extra stocks and readjusting the biases ( more towards boring little health-care stocks , and companies that should resist imploding )

am not rushing the market may drop more before Xmas or after Xmas

unlike the US interest-bearing securities are still dead-in-the water here ( no real rates growth )

 

[NW-Bound]

I have seen you on the Investment performance thread and we always had similar results. After seeing this post, I had to look it up and as of yesterday I was up 14.33% YTD. That compares to +17% the end of September and reinforces (for me) why I spend my time trading instead of playing with my Yoyo.

I don't know how much time you spend on watching the market, but if I can get that kind of return, I would be spending even more time than I have.

Watch I do, but make the right trades, I don't.

I did quite well last year, but this year has been crummy. So, last year was due to luck, and it runs out for me this year.

 

[NW-Bound]

... I think Daniel Craig is the best Bond, too. I read all of the James Bond books when I was young, and always imagined Bond as being a lot like Craig.

All right! Finally found someone who actually read all of Fleming's novellas.

And I am glad we agree on Daniel Craig. Fleming's Bond is not someone who looks too clean and white-collar like Roger Moore. Bond is a regular guy, not real tall or muscular, but a tough cookie. Connery is good, but I don't think Bond character is as big and muscular (Connery was a body builder).