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Old 02-08-2018, 03:14 PM   #341
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We are now officially in a "Correction" in S&P 500. <10.1%>
and also in DJIA <10.3%>

Only NASD remains above the correction territory at <8.96%>
Oh wow, really!

That was fast.

I doubt the selling is done, but what do I know?
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Old 02-08-2018, 03:19 PM   #342
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I'm sitting with a lot of cash and will begin dollar cost averaging some equities into my 401k beginning tomorrow.

I
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Old 02-08-2018, 03:21 PM   #343
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Remember folks, points don't mean sheet, it's all about percentages.
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Old 02-08-2018, 03:22 PM   #344
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Who is going to start the "Dow 20k by April 1" thread?
Is that an April Fools joke? If not, why so far out?
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Old 02-08-2018, 03:23 PM   #345
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We are wine tasting in Temecula this weekend. Hopefully I don’t pull a “Sideways” and slam the dump bucket! It’s only a paper loss....
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Old 02-08-2018, 03:24 PM   #346
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Had a heavier lunch than normal. Fell asleep. Woke up and saw market just close with the Dow down -1033 points. Felt like back in 2008.

I wanted to see some excitement. This is a bit too much. More fun like this tomorrow?

Bye bye an Audi S6 today.

PS. Quicken stock quotes run 20 minutes behind. Make it an S7.

Who else blowing dough?
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Old 02-08-2018, 03:37 PM   #347
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Time to play the "Crash Card"
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Old 02-08-2018, 03:37 PM   #348
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Remember folks, points don't mean sheet, it's all about percentages.
Today was the 156th largest % one day drop in history. Yawn. I may buy next week with some dry powder.
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Old 02-08-2018, 03:41 PM   #349
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Trying to look for positives.

This chart must come with the ever common phrase, "History DOES NOT guarantee future results."
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Old 02-08-2018, 03:45 PM   #350
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Remember folks, points don't mean sheet, it's all about percentages.
True. Percentage wise, we had nearly 10% daily drop in 2008. So far, it took several days to drop the same.

But I am still not used to using Audis as a measure of daily loss. I was using Honda Civic before.

And I am still driving Civic.

PS. This kicks me back to the end of Sep 2017. How 'bout y'all?
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Old 02-08-2018, 03:54 PM   #351
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By the way, here's another measure of complacency to supplement the Wh*** indicator.

Late in 2017, when the market closed at a new high each day, I would tell my wife how much we "made" that day. It could be a Civic or CRV on a good day. My wife's reaction used to be "Wow!"

Then, just two weeks ago, her reaction was somewhat indifferent. "Yeah?"

I now know I should have sold all.
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Old 02-08-2018, 03:55 PM   #352
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What a day! Well here is some good news, there are a lot more flavors to pick from then there was 10 years ago

https://www.maruchan.com/products/ramen/
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Old 02-08-2018, 03:57 PM   #353
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Is that an April Fools joke? If not, why so far out?
Kind of a joke, but maybe not.

You are right. Let's see, a thousand a day... Hmmm... "Dow 20k by Feb 15?"
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Old 02-08-2018, 03:58 PM   #354
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What a day! Well here some good news, there are a lot more flavors to pick from then there was 10 years ago

https://www.maruchan.com/products/ramen/
Thank goodness we're not to cat food.
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Old 02-08-2018, 04:00 PM   #355
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Heck, it's cheaper than cat food. If I remember right, local store had them on sale at $1 for 10.

Saving the difference between cat food and ramen, one can use it to buy cheap less expensive stock.
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Old 02-08-2018, 04:16 PM   #356
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It's days like this that I give my cash bucket a hug and then relax.
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Old 02-08-2018, 04:18 PM   #357
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A word I have not read here in a long time: capitulation. Anybody venturing a guess as to whether we are there or not?

But I scanned the S&P 500. Red everywhere.

Tech stocks: AAPL -2.75%. GOOGL -4.52%. AMZN -4.68%. NFLX -5.47%

Boring stocks: WMT -2.75%. T -3.68%. JNJ -3.85%.

Only a handful of exceptions: Viacom, Philip Morris, Kellogg, plus a few others.
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Old 02-08-2018, 04:19 PM   #358
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It's days like this that I give my cash bucket a hug and then relax.
+1

And remind myself again why I'm happy I said "no thanks" to the articles that showed having a cash bucket was a drag on returns.
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Old 02-08-2018, 04:20 PM   #359
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Heck, it's cheaper than cat food. If I remember right, local store had them on sale at $1 for 10.

Saving the difference between cat food and ramen, one can use it to buy cheap less expensive stock.
If that is the case best we stock up on them now, you know what happens when demand exceeds supply
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Old 02-08-2018, 04:27 PM   #360
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Cash, oh yeah, I have loads of it. Always do.

The perennial question is how much to keep for myself, and how much to feed the cash guzzling market?

Constant struggle between greed and fear.
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