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Old 08-24-2015, 10:25 PM   #81
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I was hoping for a dead-cat bounce so I could get some more cash.

Maybe this dead cat just goes "Splat" and does not bounce.

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Old 08-24-2015, 10:31 PM   #82
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On the way home tonight from a quick (and inexpensive) dinner with my DW, she quietly asked me if we lost money in the market today (she is not a market follower). I quietly said yes and we need to continue to focus on LBYM for the time being...

Maybe that will slow the spending on the grandkids..(only hoping here).
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Old 08-24-2015, 10:39 PM   #83
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Looks like tomorrow may start as today did with Asian markets sliding tonight:

Asian shares resume slide on fears over Chinese economy | Reuters
Except US market futures are way high positive, whereas last night they were way negative.
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Old 08-24-2015, 10:43 PM   #84
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Except US market futures are way high positive, whereas last night they were way negative.
It's early yet.
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Old 08-24-2015, 10:46 PM   #85
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On closer look, only the Shanghai index is down -4.6% as of this writing. Other Asian markets are up, such as Japan, HK, Korea, Taiwan, Australia, Singapore, etc... The trading day is still young so it is not certain how the markets will close, but there is hope.

The dead cat will bounce. Long live the dead cat.
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Old 08-25-2015, 03:56 AM   #86
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It's early yet.
Even higher now.
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Old 08-25-2015, 06:29 AM   #87
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Even higher now.
Too bad. I was hoping for a little more carnage before it recovers. I've still got a few wish-list limit orders that haven't executed.
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Old 08-25-2015, 07:30 AM   #88
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I thought the dead cat bounce would have happened on Monday. My crystal ball must need to be sent in for a warranty repair.
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Old 08-25-2015, 09:41 AM   #89
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On the way home tonight from a quick (and inexpensive) dinner with my DW, she quietly asked me if we lost money in the market today (she is not a market follower). I quietly said yes and we need to continue to focus on LBYM for the time being...



Maybe that will slow the spending on the grandkids..(only hoping here).

Ah, very sneaky strategy Aja. Coincidently taking DW to a cheap place for dinner as the prop while mentioning LBYM to get your message across.


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Old 08-25-2015, 09:46 AM   #90
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At the end of the day, I always tell my wife how much we make or lose, and also how we do relative to the market.

She used to suggest that we sold out everything, back in the 2008-2009 crisis. She doesn't anymore.
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Old 08-25-2015, 09:47 AM   #91
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Maybe that will slow the spending on the grandkids..(only hoping here).
Hasn't help me any. Of course, with the slot car set I just put up in the basement, I'm also not setting the positive example.
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Old 08-25-2015, 09:47 AM   #92
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Ah, very sneaky strategy Aja. Coincidently taking DW to a cheap place for dinner as the prop while mentioning LBYM to get your message across.


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Unfortunately, this strategy and effect has a short life. Once granddaughter shows up, they go shopping.
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Old 08-25-2015, 01:38 PM   #93
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Maybe that will slow the spending on the grandkids..(only hoping here).
Ha. Dream on....
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Old 08-25-2015, 01:49 PM   #94
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Spent the last of my spare cash this morning adding to one of my positions. I'm all in so let it roar! Now back to work to make more money to invest.
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Old 08-25-2015, 03:10 PM   #95
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It seems there is still some fear in this market. 2008 is still fresh in some investors minds.
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Old 08-25-2015, 03:23 PM   #96
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I bought some PEP and TGT in the last few minutes of today's session when the market dropped again. My fear level will increase if companies start cutting dividends, but for now I'll buy when I see some opportunities. I have plenty of cash to take advantage of this down market and have no illusion of being able to pick a bottom.


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Old 08-25-2015, 03:33 PM   #97
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Was listening to some pundit yesterday, and he said "watch the last hour of these markets for direction".

Probably pretty good advice during this volatile time.

I was thinking of buying, but I'm going to stick to my strategy of buying a chunk the first week of every month. So, I'm still a week away from buying. We'll see then.
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Old 08-25-2015, 03:50 PM   #98
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In general too many investors buy much too early in a bear market, that is why in severe bear markets that valuations stay low quite a while after their end as portfolio drops consumed much of the investable cash. Many of the "bold" investors who invest when they feel valuations are in their favor are in before the lows are hit. They do perform very well in long rung just not as well if they had a little more patience. In general you can wait 18 months from the start of the bear market to begin investing.

My stock allocation dropped to 48% from 50% based on selling 2 stocks not meeting my criteria any more and the market fell when I only had one suitable replacement. For now I am not making any moves as the deflation from the commodities continues in it's death battle with the Central Banks of the world. It is possible the market will turn my 48% equity position to a 25% equity position, I certainly hope not but I will be very glacial in adding to equity positions over the next 18 months. On the other hand if the market were to take off from here I will be very happy with that outcome. I would recommend keeping equity position the same in general as it was before this drop began, I would recommend selling though any long term bonds and move into shorter term bonds unless your long term bonds are laddered. I still think US treasuries will be sold as a means of raising cash around the world putting them in a bear market no matter what happens to equity.
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Old 08-25-2015, 03:59 PM   #99
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My fear level will increase if companies start cutting dividends, but for now I'll buy when I see some opportunities.
Transocean just announced they are suspending their dividend:

Transocean shares drop on dividend suspension plan - MarketWatch
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Old 08-25-2015, 04:11 PM   #100
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Transocean just announced they are suspending their dividend:

Transocean shares drop on dividend suspension plan - MarketWatch

I won't be buying any oil companies, but I do own Exxon And Chevron. Ol hold them since I've had them for years.


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