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02-05-2018, 12:32 PM
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#141
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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 Quote:
Originally Posted by mamadogmamacat
Will be interesting to see what happens between 2:30 and 3:30 or thereabouts. is that not when large institutional investors weigh in typically? be it either large buying or selling, or i suppose most typically a lot of churning of both
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Good point! Maybe the Dow will even end up higher than Friday; who knows? Not me, that's for sure.
As of this moment, the Dow is down 542 points. WOW! 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-05-2018, 12:34 PM
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#142
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,258
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Quote:
Originally Posted by frayne
Not worried a bit, the sooth sayers are telling us the market fundamentals are sound, dilly, dilly !
Also the check is in the mail. Dilly, Dilly !
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'
Dilly Dilly  ?
Good Grief! Does that indicate this market correction means I can only afford Bud Light instead of the craft beer I now drink? Now that would be a big cut in my quality of life.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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02-05-2018, 12:39 PM
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#143
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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I just looked.
Cluck, cluck.... 
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-05-2018, 12:42 PM
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#144
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Thinks s/he gets paid by the post
Join Date: Feb 2007
Location: Upstate
Posts: 2,950
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Been nibbling today on the down trodden. A little XLE and QCOM.
Why these two? Who knows.
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02-05-2018, 12:48 PM
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#145
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Thinks s/he gets paid by the post
Join Date: Mar 2008
Location: Atlanta Suburb
Posts: 1,499
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How can you all remain calm. Its down more than 10% today alone and off 60% from its all time high.
Why didn't someone warn me about bitcoin! 
__________________
"Oh, twice as much ain't twice as good
And can't sustain like one half could
It's wanting more that's gonna send me to my knees" - John Mayer
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02-05-2018, 01:05 PM
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#146
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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DJIA down 800 now. It has to drop 2662 points from its recent high in order to be a correction, and has gone only 1900 points. Needs another day like today.
PS. Now, down 960 points. Whoo hoo! Are we having fun yet? And people thought that the Wh*** proclamation lost its power. I said its effect would be delayed, and that made it even more devilish to lure people into complacency.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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02-05-2018, 01:08 PM
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#147
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Full time employment: Posting here.
Join Date: Jan 2014
Location: Austin
Posts: 661
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YTD market gains now gone, VIX is at 28, and Dow is down over 1,000 points for the day.
Shorts are cashing in their gains.
__________________
ER'd 6/1/2014 @ age 53. Wow, is it already 2022?
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02-05-2018, 01:08 PM
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#148
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Down 1000.... Nothing to do now but hold on.
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02-05-2018, 01:09 PM
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#149
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by flintnational
How can you all remain calm. Its down more than 10% today alone and off 60% from its all time high.
Why didn't someone warn me about bitcoin! |
The Dow is down 1080 as of this moment!!! Wow.
I can remain calm because I've been through this before, and came out of it fine. Also, some of us become paralyzed with fear and actually just cannot sell. This is a GOOD thing at times when the market is dropping like this.
I never liked bitcoin because of another forum I frequent, where they push it a lot (which I hate).
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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02-05-2018, 01:11 PM
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#150
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Gone but not forgotten
Join Date: Jul 2012
Location: Peru
Posts: 6,335
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Like watching a horror movie... As of now, DJ headed down towards $1600...
Technical correction now official if it holds.
VIX @45
(edit) VIX was @35... bad reporting from FoxNews... 
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02-05-2018, 01:12 PM
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#151
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Tampa Bay Area
Posts: 1,866
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down 1500 but still not enough for me to rebalance .... I thought I might be able to TLH some stuff but every single lot that I own is still in the profit zone (not that I'm complaining)
__________________
"For the time being no discipline brings joy, but seems grievous and painful; but afterwards it yields a peaceable fruit of righteousness to those who have been trained by it." ~
Hebrews 12:11
ER'd in June 2015 at age 52. Initial WR 3%. 50/40/10 (Equity/Bond/Short Term) AA.
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02-05-2018, 01:12 PM
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#152
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,071
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A correction is past due. Now down 1500.....
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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02-05-2018, 01:13 PM
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#153
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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Dilly, Dilly is it 4pm yet ?
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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02-05-2018, 01:14 PM
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#154
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Time to buy yet?
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02-05-2018, 01:17 PM
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#155
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Full time employment: Posting here.
Join Date: Dec 2012
Posts: 751
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Maybe time to buy for some of us. For me, it is time to go out and eat and shop.....life goes on
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02-05-2018, 01:19 PM
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#156
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 17,258
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This will drive out the nervous Nellies and the get-rich-quick crowd, thus leaving the rest of us with an opportunity to buy at prices that promise a richer future total return.
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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02-05-2018, 01:20 PM
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#157
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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Quote:
Originally Posted by W2R
I'm just going to do nothing but post about it. As Looking4Ward said, it may not turn out to be that bad. I might be over-reacting. Trying not to be Chicken Little about this. 
And, I am still planning on buying that SUV at some point this year. Just not sure when or what SUV, yet. I am encouraged by reading that Moemg likes her Rav4 so much, so I'm looking into that one again as well as two or three other models. |
The prices on the Highlander are insane but the RAV 4 is too small. Honda has gone to a turbo motor on the CR-V on all the models except the base LX. Don't trust the longevity on the turbo. It looks like another 5 to 10 years for the Lexus for me...
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02-05-2018, 01:21 PM
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#158
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2014
Location: Huntsville, AL/Helen, GA
Posts: 6,002
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Nice to have cash equivalents where no IRAs or 401k's have to be sold for a few years--until RMDs are taken.
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02-05-2018, 01:22 PM
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#159
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gone traveling
Join Date: Mar 2015
Location: Greenville
Posts: 653
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Luckily, I was already at my pretty much 65/35 AA (although I guess that will have changed now). As in 2008/2009, since I am working and not drawing down, I can weather it. I will probably increase my contributions once I see things stabilize for a while to try and take advantage. Still 5+ years out, so hoping this too will pass and I will still only be 5 or so years out.
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02-05-2018, 01:22 PM
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#160
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Earlier, said I would not be trading.
Couldn't help it to see the market drops so much, so step in to "help" and just bought a token amount of 5-figure worth of S&P index. It's a dirty job, but someone has to do it.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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