Meadbh
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 22, 2006
- Messages
- 11,401
I'm in.
I think that's the point. I was never out.
I was partially out (30% stock, not all by choice), and am trying to get more back in (70% stock, target allocation). Hope the train does not leave without me, as I try to climb onto the last car.
Heck, I may even have to sit on the roof, like they do in India.
No happy talk here. Still plenty of flies hovering over my [-]pile of crap[/-] portfolio.
Its nice to see the headbanging has slowed..
Me too, still 70/25/5...I'm in.
Hopefully the Feds can correct the credit market and stem the tide of mortgage defaults until the jobs outlook improves...
If they can... The S&P may have bottomed out [on Nov 20 at 752]... knock on wood. [Unless some other catastrophe emerges.]
Hopefully we can a recover about 20% of the losses in the domestic stock market over the next 12 months. But I suspect the volatility will continue and the lows tested.
Schwab's Jeff Mortimer predicts a big market bounce - Nov. 26, 2008
20% from where? We've already gotten back 19% from the bottom as we stand right now. Another 20% (to 1075 S&P500) would get us to about 43% from the bottom. Not an unrealistic "goal" IMO. That would still be 31% down from the Oct '07 high. But I'd be happy with it, especially since I've poured in about 25% more cash (from the value on Oct 10) into stocks since Oct 10. So I'd get a nice bounce from those investments. Here's to hoping it comes to fruition!
Ah. OK. In other words approx. 43% recovery from the bottom of 752. I think it's certainly possible based on how the market has reacted in the past.I would hope to trim the loss from the last peak to 30% off the peak instead of approx 50% (at the bottom). 30% off its last peak would be just below 1100. Realistic?? It is difficult to say. It depends on investors.
Hey ooohh ahh people keep spending money..
Early data shows strong Black Friday: Financial News - Yahoo! Finance