() said:That was a bit of an owie, now, wasnt it?
I think its a bit overdone/oversold. Might keep going another trading day or two though.
I'm guessing your portfolio was down 30K to 40K today, hmmmmm.
retire@40 said:Hopefully, nobody decided to pick this week to retire.
retire@40 said:I'm guessing your portfolio was down 30K to 40K today, hmmmmm.
Apocalypse . . .um . . .SOON said:danm: My current market bias is 60% up (inflation) and 40% down (deflation). It's bothersome to me that the Fed is pumping money into the system while simultaniously raising interest rates, kinda like adding ExLax and a cork to the system--"let's make this little piggy as big as we can." They must think they're gods to be able to control both ends at once. Maybe they are. My only tweak to the portfolio has been to add a couple of natural gas stocks after Rita--so far. Good Luck.
Apocalypse . . .um . . .SOON said:(), because JG is gone right now, I think I'll step in: I'm not a big believer in Bogleism (sp?) fatalism. It's important to TRY to figure things out or find a Warren Buffet who can do it for you. But you're right too, the short-term is very, very difficult to figure out.
Sheryl said:Thought it was going to be a blood bath - I was pleasantly suprised that I'm only down by 0.6%. I'm still planning to be part of the herd that moves sideline cash into the market Monday morning.
bennevis said:Friday's market just proves to me that I'm correct in keeping a mere 25% in stocks.
The market giveth and the market taketh away.
The bear market that started in 2000 continues today.
The up of 2003 and 2004 were just upward spikes in what continues to be a very long bear market that I expect will continue for a very long time.
So sorry for the pessimism.
.
Remember what Bernstein said, something like this: Expected return = the dividend rate + the annual % increase in dividends.
So expect about a 6 percent increase in stocks, which is only a fraction above what you can get with bonds or CDs. So is the risk worth it ?