I didn't say it... but great market lately!

[JmfromTx]

2 years after market low, the little guy is back - Yahoo! Finance

These kind of articles scare me. I remember in the late 90's a quote that went something like this "when the cab driver and the elevator operator are giving you stock tips it's time to get out". And John Neff sitting between two new age investment gurus looking bewildered at their optimism about how things are different now (also late 90's). Call me pessimistic or alarmist but I can't help wondering if the baby boomers aren't being set up for a big a$$ kicking.

 

[donheff]

2 years after market low, the little guy is back - Yahoo! Finance

I can't help wondering if the baby boomers aren't being set up for a big a$$ kicking.

The boomers just got a big a$$ kicking. Another would be piling on But this is a demonstration of why market timing won't work. If the average Joe is just getting back in that would signal a period of substantial gains ahead before the next crash. The fog is whether it will be a short period or a long one -- could go either way. I will sit tight on my AA and hope I don't become an a**.

 

[JmfromTx]

The boomers just got a big a$$ kicking. Another would be piling on But this is a demonstration of why market timing won't work. If the average Joe is just getting back in that would signal a period of substantial gains ahead before the next crash. The fog is whether it will be a short period or a long one -- could go either way. I will sit tight on my AA and hope I don't become an a**.

I agree with what you say. I am doing the same thing. I guess I just don't understand market psychology. I see it on a daily basis but I still don't get it. I am starting to understand why a lot of folks will be working longer though.

 

[RetiredGypsy]

I wish it'd chosen the end of the month for mine to drop 1.3% instead of today. Would have been a great time to buy.

But since it dropped 1.3% today instead, I now have to panic, drop out of equities entirely and stick all my money in 30 year bonds at 4.5%.

 

[ls99]

This roller coaster is very funny -

A few days ago finished re-reading The Wall Street Gang by Richard Ney.

Always timely, published 1974.

Seems more fitting here then in the What did you read thread.

 

[haha]

This roller coaster is very funny -

A few days ago finished re-reading The Wall Street Gang by Richard Ney.

Always timely, published 1974.

Seems more fitting here then in the What did you read thread.

Is that the one where he is leaning against his Rolls in his driveway in Beverly Hills, looking very dapper in an ascot? He sold me with this photo!

Ha

 

[ls99]

Did not see that version, mine is paperback $2.25 when new. I was a cheapskate even then.

 

[haha]

Did not see that version, mine is paperback $2.25 when new. I was a cheapskate even then.

I think I still have that book somewhere. He looked like a more handsome David Niven, just about to con some widow.

Ha

 

[freebird5825]

I think I still have that book somewhere. He looked like a more handsome David Niven, just about to con some widow.

Ha

Hmmmmmm....nah. He needs a mustache to get my attention.

 

[W2R]

I don't want to jinx anything. Honest. Do not fear. I'm not going to say "Whee!" .

BUT, I just wanted to mention that my portfolio was higher yesterday than I had ever imagined it could be. This market is taking my breath away and still seems to be headed up, up, up.

OK, now don't trip over each other as you rush out to sell... Just wanted to provide a fair warning with a decent lead time to all.

I'm STILL happy. Sorry, folks!

My portfolio is larger today than it has ever been, larger than it was when I started this thread. If the market remains as high as it has, with just a little normal volatility as it has shown, I think we all have reason to smile.

Never fear! There will always be times when you can logically be miserable over the market, but so far this spring isn't one of them IMO. My guess, for what it's worth, not much, is that you'll probably have to wait for another month or two ("Sell in May and go away") for that.

 

[NW-Bound]

OMG! W2R is at it again!

"Sell in May and go away"...

And, and, and, she has turned into a [-]DMT[/-] CMT!

 

[W2R]

OMG! W2R is at it again!

And, and, and, she has turned into a [-]DMT[/-] CMT!

 

[Bestwifeever]

OMG! W2R is at it again!



And, and, and, she has turned into a [-]DMT[/-] CMT!

She's turned into a Wheeee Market Timer.

And the secret is out--now "wheee" know what the W in her name stands for!

 

[W2R]

She's turned into a Wheeee Market Timer.

And the secret is out--now "wheee" know what the W in her name stands for!

Wheee2Retire? I *LOVE* it!

If I had thought of that in time, I would have changed my username to that, instead.

 

[haha]

I'm STILL happy. Sorry, folks!

My portfolio is larger today than it has ever been, larger than it was when I started this thread. If the market remains as high as it has, with just a little normal volatility as it has shown, I think we all have reason to smile.

What we have seen hardly ranks as normal volatility. VIX is down to 16.54 today, on a 52 wk range of 14.86-48.20.

What we have is another lemming dash, far less concentrated and extreme than before, but present nonetheless.

Ha

 

[brewer12345]

What we have seen hardly ranks as normal volatility. VIX is down to 16.54 today, on a 52 wk range of 14.86-48.20.

What we have is another lemming dash, far less concentrated and extreme than before, but present nonetheless.

Ha

An ocean's worth of liquidity is an amazing thing to watch slosh around.

 

[haha]

Hmmmmmm....nah. He needs a mustache to get my attention.

Ha! I think if I looked like him all my loneliness would be in the past! I might even mix business with pleasure and con a few younger widows.

Ha

 

[FinanceDude]

Other shoe has not dropped yet..........irrational exuberance is rampant..........

 

[Moemg]

Everytime I hear the whee word I rush to rebalance .

 

[misanman]

Total account balances are highest ever so I took some profits earlier today. That will bring my cash balances up to a more comfortable level.

 

[W2R]

Total account balances are highest ever so I took some profits earlier today. That will bring my cash balances up to a more comfortable level.

Isn't it great? I love the way my cash balance has replenished itself after buying more of a bond fund a while back.

Even my dividends for the first three months have been more than they were for last year's first three months (maybe partly due to having more in bond funds).

 

[Dawg52]

Total account balances are highest ever so I took some profits earlier today. That will bring my cash balances up to a more comfortable level.

I should have, but was out all day. Market will probably open 10% down Monday.

 

[explanade]

When QE2 ends, will the rug be pulled out from under?

This morning, someone cited some numbers. Govt. intervention added 2% to GDP in 2010, .5% in 2011 and it will add nothing next year.

 

[Beryl]

I'm a happy camper watching the positive slopes but a little sorry that I rolled over my 401K to an IRA thereby losing my Stable Funds investment option.

 

[steelyman]

I'm STILL happy. Sorry, folks!

My portfolio is larger today than it has ever been, larger than it was when I started this thread. If the market remains as high as it has, with just a little normal volatility as it has shown, I think we all have reason to smile.

Never fear! There will always be times when you can logically be miserable over the market, but so far this spring isn't one of them IMO. My guess, for what it's worth, not much, is that you'll probably have to wait for another month or two ("Sell in May and go away") for that.

I was going to reply in this thread earlier this evening noting that this thread only started less than a month and a half ago, but decided to can it.

I've been selling a little bit (on the order of a thousand or two) periodically lately, and may indeed sell in May and go away this summer. My motivation for the selling has been capital preservation (vs. growth). Yes, I know there will be arguments to the contrary, but I am fortunate to have a stable value fund available through a 457 plan that is returning much better than money markets.