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01-24-2014, 04:00 PM
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#1
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 44,162
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I didn't DO it! :)
Stocks plunge in U.S., Dow sinks 318 points | The Exchange - Yahoo Finance
The Dow is down 318 points today! I promise I never uttered a word. 
I'm hanging on for the rollercoaster ride.
__________________
"It ain't over till it's over"
- - - Yogi Berra (1973)
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01-24-2014, 04:04 PM
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#2
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Dryer sheet aficionado
Join Date: Jan 2012
Location: Marietta
Posts: 43
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Is it time to buy??
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01-24-2014, 04:10 PM
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#3
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Full time employment: Posting here.
Join Date: Nov 2008
Location: Harrogate, UK
Posts: 915
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If it goes down much further next week....I have about $20K I was going to put somewhere. We have enough cash on hand for a couple of years.....so as long as the drop doesn't last too long I won't start twitching. I may need a few beers however.
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01-24-2014, 04:12 PM
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#4
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Dryer sheet aficionado
Join Date: Feb 2008
Posts: 49
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Whee!  .
__________________
Nothing I say should be considered medical,psychiatric,legal,financial,electrical,or plumbing advice. I know nothing about anything.
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01-24-2014, 04:13 PM
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#5
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Moderator
Join Date: Dec 2007
Location: Eastern WV Panhandle
Posts: 21,611
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Yeah, that's what they all say.
Normal variation. I hereby predict they'll go back up uh, sometime.
__________________
I heard the call to do nothing. So I answered it.
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01-24-2014, 04:15 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: North Scottsdale
Posts: 1,425
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I'm going to wait for a little more blood in the streets before I put some extra cash to work. A few more days like today ought to be sufficient.
__________________
FIRE'D in July 2009 at 51...Never look back!
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01-24-2014, 04:24 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Location: Denver
Posts: 3,152
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 Quote:
Originally Posted by W2R
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I thought of you as soon as I saw the news!
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01-24-2014, 04:24 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: Independence
Posts: 6,501
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Sorry, my fault. After selling all stocks in Oct 2012 and letting the proceeds languish in Vanguard money market last year, we finally bought back in at a high on the 9th and 14th of this month.
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01-24-2014, 04:24 PM
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#9
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 16,097
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No worries...
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 40% equity funds / 35% bond funds / 25% cash
Target WR: Approx 2.5% Approx 20% SI (secure income, SS only)
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01-24-2014, 04:30 PM
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#10
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 44,162
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Quote:
Originally Posted by Walt34
Yeah, that's what they all say.
Normal variation. I hereby predict they'll go back up uh, sometime. |
Yes, I am pretty sure it will.
Meanwhile, I expect some of our members will be looking for a good buying opportunity. 
__________________
"It ain't over till it's over"
- - - Yogi Berra (1973)
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01-24-2014, 04:33 PM
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#11
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Recycles dryer sheets
Join Date: Aug 2013
Posts: 176
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No, It is my fault. I funded our 2014 IRAs on yesterdays dip. 
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01-24-2014, 04:35 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 10,659
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So much for the January Effect.
But glad that I took profits by rebalancing on 1/2.
Not that I am extra smart or anything but that's my routine to rebalance at the start of the year. Better lucky than good. 
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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01-24-2014, 05:04 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Dec 2004
Location: Minneapolis
Posts: 4,337
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A pullback of 10% or more is anticipated or normal after a big run-up in 2013.
__________________
May we live in peace and harmony and be free from all human sufferings.
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01-24-2014, 05:13 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,212
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Quote:
Originally Posted by easysurfer
So much for the January Effect.
But glad that I took profits by rebalancing on 1/2.
Not that I am extra smart or anything but that's my routine to rebalance at the start of the year. Better lucky than good. |
Yeppers.
I rebalanced on December 30th. I really don't do it at a certain time of year, just when my AA is off 5 percent or more.
Taking profits makes me smile.
Now I just have to remember to buy back when I'm off 5 percent. ...or maybe 7 percent, or..... 
__________________
There's no need to complicate, our time is short..
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01-24-2014, 05:20 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Sep 2012
Location: Seattle
Posts: 4,137
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Wait until next week when Apple posts $15 per share earnings...this drop will be forgotten.
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01-24-2014, 05:49 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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I don't think it is time to buy yet. When I was working in a team of 4 people including myself and all of us had a Wall St. background, the universal buy signal we all paid attention to during 2010 and 2011 was to buy with both hands when my Dad would call and practically demand that we sell everything in his account. Just about every time I got one of those calls a purchase would have made money almost immediately.
Dad called today, but he was very easily mollified. I may have ruined my buy signal apparatus (Dad) by educating him, but I doubt it.
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Buy and Sell Index Signals that you can count on
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01-24-2014, 06:07 PM
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#17
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Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,376
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Buy and Sell Index Signals that you can count on
Quote:
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the universal buy signal we all paid attention to during 2010 and 2011 was to buy with both hands when my Dad would call and practically demand that we sell everything in his account.
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That would be the DadIndex Buy signal proven reliable many times
Quote:
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Almost 100 years ago, financier J.P. Morgan said that when even the shoeshine boy gives stock tips, it's time to sell
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The ShoeShine Sell Index - also very reliable
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01-24-2014, 06:43 PM
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#18
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Thinks s/he gets paid by the post
Join Date: Aug 2013
Location: North
Posts: 2,822
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I think I will BUY and fund the IRA's next Monday or Tuesday. My spreadsheet is telling me it will drop one more time if I base the history lesson off of a runners triple jump philosophy. I see a one skip, a two skip...and I believe this is the long skip right before the CLIMB...
Markets will go slightly lower monday and tuesday but finish the week strong.
**My approach means absolutely nothing to most people lol
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01-24-2014, 06:54 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: NE Tarrant County
Posts: 4,536
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Well over the first couple of weeks this year, I made some portfolio changes in order to set aside in cash/near cash some funds that we will need for higher than typical spending over the next couple of years. In doing this we sold about 11% of our equities, so I'm glad that we got that completed before this little dip.
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01-24-2014, 07:10 PM
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#20
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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: 11,384
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__________________
The worst decisions are usually made in times of anger and impatience.
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