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10-14-2009, 01:20 PM
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#1
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Woo-Hoo!!!
__________________
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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10-14-2009, 01:24 PM
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#2
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.
And thank you W2R for not going "whee" "whee" again!
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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10-14-2009, 01:24 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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W2R has posted the "W" word*. Sell everything.....
*"Woo-Hoo" is Swahili for "Whee"
__________________
Numbers is hard
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10-14-2009, 01:25 PM
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#4
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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That's it I am going 100% gold and ammo...
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10-14-2009, 01:29 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.
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Yes, I was overdue for a rebalance and this looks like as good a time as any. I have to get back to putting my rebalances on auto-pilot, though...
The Dow currently looks like a NYC ZIP code...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-14-2009, 01:30 PM
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#6
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Quote:
Originally Posted by REWahoo
W2R has posted the "W" word*. Sell everything.....
*"Woo-Hoo" is Swahili for "Whee"
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But I don't speak Swahili!
Quote:
Originally Posted by FIREdreamer
That's it I am going 100% gold and ammo...
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Glad to provide this valuable service to y'all.
Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.
And thank you W2R for not going "whee" "whee" again!
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You're quite welcome. And yes, seems to me that we had a lot of folks that were honestly sweating bullets when the market was near the bottom. So, do you (oh member) REALLY think your asset allocation is just fine as it is? Time to think about it.
__________________
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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10-14-2009, 01:32 PM
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#7
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Moderator Emeritus
Join Date: Dec 2002
Location: Oahu
Posts: 26,856
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Quote:
Originally Posted by Want2retire
The Dow is over 10,000 again. Time to celebrate after this long, fast run-up.
I would expect that we will be back and forth from the 9,000's to the 10,000's and back for a while, but this is sure better than 6500 in my book.
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So now you're calling both the top AND the bottom?!?
__________________
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Co-author (with my daughter) of “Raising Your Money-Savvy Family For Next Generation Financial Independence.”
Author of the book written on E-R.org: "The Military Guide to Financial Independence and Retirement."
I don't spend much time here— please send a PM.
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10-14-2009, 01:35 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Quote:
Originally Posted by Want2retire
I would expect that we will be back and forth from the 9,000's to the 10,000's and back for a while, but this is sure better than 6500 in my book.
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Not if you are very young and wanted to keep loading up on cheap stocks for many years...
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-14-2009, 01:35 PM
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#9
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Quote:
Originally Posted by Nords
So now you're calling both the top AND the bottom?!?
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Back when the Dow was around 6600, I said the bottom would be 3500 or something, as I recall. So, I guess I don't really have much skill at that...
What I am good at, is saying it's TIME TO PARTY!!!
Of course, we still have 25 minutes to the closing bell. But still, at least it surpassed 10,000 during the day.
__________________
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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10-14-2009, 01:37 PM
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#10
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Young people don't HAVE to get happy about the market. After all, they are going to live another 70 wonderful years! Over half of those years will be after I have returned to dust..., so scroom. JUST KIDDING!!
__________________
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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10-14-2009, 01:38 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2008
Posts: 5,178
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No, really, it really does feel like time to get out...
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10-14-2009, 01:40 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 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by tmm99
No, really, it really does feel like time to get out...
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This time it's different no different - ah heck, who knows...
__________________
Numbers is hard
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10-14-2009, 01:43 PM
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#13
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Moderator Emeritus
Join Date: May 2007
Posts: 12,894
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Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now?
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I did, a few weeks ago.
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10-14-2009, 01:53 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 2007
Location: Denver, Colorado
Posts: 6,256
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Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now?
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Is it too late to pile some on?
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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10-14-2009, 01:59 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jul 2006
Posts: 1,901
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Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now?
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I'm still selling to maintain my new equity asset allocation. Now, what do I do with all this cash.
__________________
“I guess I should warn you, if I turn out to be particularly clear, you've probably misunderstood what I've said” Alan Greenspan
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10-14-2009, 02:03 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: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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I think that's a significant part of what is fueling this rally -- all the other options for investing your cash really seem to stink right now.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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10-14-2009, 02:07 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by ziggy29
I think that's a significant part of what is fueling this rally -- all the other options for investing your cash really seem to stink right now.
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Yep. This is exactly the reason I can't work up much enthusiasm for trimming some equity gains.
__________________
Numbers is hard
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10-14-2009, 02:11 PM
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#18
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Moderator Emeritus
Join Date: Jan 2007
Location: New Orleans
Posts: 47,474
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Quote:
Originally Posted by REWahoo
Yep. This is exactly the reason I can't work up much enthusiasm for trimming some equity gains.
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I'm less than 1% (only 0.6%) out of balance anyway, or I would. I guess that's because my TSP contributions are all in the G Fund (a bond fund). Actually, I would wait until it was over 10,000 for several days. It's possible that a lot of people will be selling because it reached 10,000, and that might drive the market back down tomorrow. But then, who knows?
Closing Dow 10,015.90
__________________
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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10-14-2009, 02:47 PM
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#19
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Recycles dryer sheets
Join Date: Mar 2007
Posts: 319
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It all depends on your AA. It might be a good time to re-balance. I let that judge my actions. Normally I would wait till Jan. to avoid the tax man a little longer.
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Just Trekking thru!
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10-14-2009, 02:50 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Dec 2007
Posts: 4,764
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Quote:
Originally Posted by Bestwifeever
Anyone going to take money off the table now? Seem to remember discussions about getting out of the markets when the Dow hit 10,000 again.
And thank you W2R for not going "whee" "whee" again!
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Nah still within my AA. I took some off a few months ago when my EM got out of whack.
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