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View Poll Results: It's July, 2017. When would the market correct?
Starting this month 10 14.49%
In 3 months 11 15.94%
In 6 months 17 24.64%
Not for another year. Wheeee! 31 44.93%
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Poll:It's July 2017. When would the market correct?
Old 07-06-2017, 02:27 PM   #1
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Poll:It's July 2017. When would the market correct?

Looking at the stock chart for the last 5 years, it's clear to see that we had a nice bull run. The question in my (and some others) mind is when would the market correct?
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Old 07-06-2017, 02:39 PM   #2
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I couldn't vote because it doesn't show my prediction:

  • Starting this month
  • In 3 months
  • In 6 months
  • Not for another year. Whee!
  • As soon as I retire and need to live off the portfolio <-- This one
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Old 07-06-2017, 02:42 PM   #3
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When I don't have the cash to buy more.
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Old 07-06-2017, 02:44 PM   #4
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Yes.

Now if only I can find a way to get paid for that prediction.
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Old 07-06-2017, 02:50 PM   #5
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I think it goes sideways for a while. Not sure about market correction.
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Old 07-06-2017, 03:09 PM   #6
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Quote:
Originally Posted by Mdlerth View Post
I couldn't vote because it doesn't show my prediction:

[*]As soon as I retire and need to live off the portfolio <-- This one
Based on my experience, it is very plausible . Right after I retired about 1.5 years ago, the market went on a mini correction of almost 10%. And I thought, oh shoot, just my luck. But since then, things went pretty well.
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Old 07-06-2017, 03:10 PM   #7
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Well now you KNOW which one I voted for!

"Not for another year. Wheeee!"
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Old 07-06-2017, 03:52 PM   #8
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No clue about what or when the market will do anything. I'm a reactor (rebalancer) not a predictor.
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Old 07-06-2017, 04:19 PM   #9
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Well now you KNOW which one I voted for!

"Not for another year. Wheeee!"
me too! Damn the torpedoes.....
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Old 07-06-2017, 04:39 PM   #10
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At the peak of exuberant irrationality.

No, I don't have a clue when that will be.
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Old 07-06-2017, 04:42 PM   #11
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Sooner or later. Wait a minute, it's already later....
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Old 07-06-2017, 04:45 PM   #12
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When the fat lady sings.
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Old 07-06-2017, 04:56 PM   #13
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An optimistic lot, aren't wheeee? ;-)
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Old 07-06-2017, 05:00 PM   #14
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Well now you KNOW which one I voted for!

"Not for another year. Wheeee!"
Based on that I changed my vote.

Thanks for identifying this post as a poll!
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Old 07-06-2017, 05:01 PM   #15
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This is the top. Feels like y2k to me. And again people are talking about trillion dollar company. Tech will break down and we shall see the first trillion dollar company next cycle.

Thanks for the nice ride up from 2009.
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Old 07-06-2017, 05:13 PM   #16
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The person who can predict the market is not here. He/she is also not selling this knowledge via a mutual fund or brokerage house. He/she is on a private tropical island somewhere being hand-fed peeled grapes and drinking from a glass garnished with an orchid.
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Old 07-06-2017, 05:31 PM   #17
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I'm always wrong, so won't make a prediction. (Good thing)

Having said that, it seems like everyone else sells at the peak, and buys at the bottom. It's really why I made a recent post, about actual gain over a period of time... To look back from today, to an arbitrary point in time, and calculate my actual gain versus the DJIA, (for comparison purposes)

I think the trm is "beating the market"...

Anyway, since I think there are hundreds of different strategies, I wonder if investors (not me)... develop a "plan"... for market fluctuations, or if it's a matter of following the "news", and making an educated guess.

My former neighbor, during the heydays of day trading, worked his 150K pension buyout into over three million... via a "plan"... less than a year.

Am guessing that some members here also have a "plan"... Wanna share?

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Old 07-06-2017, 05:36 PM   #18
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No plan here, but I did sell my vti shares at 126.26 a few weeks ago and wrote cash covered puts for the exact same share. Strike price is 126. So I might get it back less premium. Ease the pain of buy and hold.
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Old 07-06-2017, 06:05 PM   #19
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This is the top. Feels like y2k to me. And again people are talking about trillion dollar company. Tech will break down and we shall see the first trillion dollar company next cycle.

Thanks for the nice ride up from 2009.
Y2K , I have a story as usual. That was the biggest non event of the century. I had a friend who managed to get into the Building maintenance section of my company. He went to every building to test their generators. Only to discover many of the older building didnt have any. Then to train some one on how to put it on when they power gets cut. In my building, it was an old diesel engine, I dont remember the details, but, one of the guys said this is an army thing "Hey Blue Collar Guy, can you go to the Army reserve center and see if you know anyone to give us a manual on this device. " Sure enough i got one for it. My friend made boo koo overtime prepping these generators and installing ones for the buildings that didnt have them.
OH when will the market correct? The day before I need to take out a huge sum.
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Old 07-06-2017, 06:12 PM   #20
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Unknowable. When is the next 2001 or 2008 or 1929?
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