robnplunder
Thinks s/he gets paid by the post
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?
Poll:It's July 2017. When would the market correct?
- Thread starter robnplunder
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Another Reader
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When I don't have the cash to buy more.
RetiredGypsy
Full time employment: Posting here.
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Yes.
Now if only I can find a way to get paid for that prediction.
Now if only I can find a way to get paid for that prediction.
Fedup
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I think it goes sideways for a while. Not sure about market correction.
OP
OP
robnplunder
Thinks s/he gets paid by the post
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.
W2R
Moderator Emeritus
Well now you KNOW which one I voted for!
"Not for another year. Wheeee!"
"Not for another year. Wheeee!"
REWahoo
Give me a museum and I'll fill it. (Picasso) Give
No clue about what or when the market will do anything. I'm a reactor (rebalancer) not a predictor.
At the peak of exuberant irrationality.
No, I don't have a clue when that will be.
No, I don't have a clue when that will be.
OP
OP
robnplunder
Thinks s/he gets paid by the post
An optimistic lot, aren't wheeee? ;-)
HillCountry
Recycles dryer sheets
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.
Thanks for the nice ride up from 2009.
OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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.
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?
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?
Fedup
Thinks s/he gets paid by the post
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.
Blue Collar Guy
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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.
Car-Guy
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Don't forget other memorable drops, like Black Monday, Oct 19, 1987. Well over a 20% drop in one day. Remember the old saying, the bigger they are, the harder they fall. Never been bigger than it is today..... Hope that old saying doesn't hold true for the Dow.
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NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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I do not know, did not venture a guess, and left the poll unanswered.
In any case, a correction will stir things up and cause some excitement. I can handle that.
How about a bear market (20% decline), instead of just a correction of 10%? Would that be more fun?
In any case, a correction will stir things up and cause some excitement. I can handle that.
How about a bear market (20% decline), instead of just a correction of 10%? Would that be more fun?
Blue Collar Guy
Thinks s/he gets paid by the post
My idea of fun isnt a bear market. But it sure would give me plenty to cry about and post haha
MRG
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
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What fun, that time was.
I barely knew what a stock/bond/fund was and all these SR people wanted to know if the systems would handle this load? IDK, you all just told me this never happened before!
I guess I lost money that day, it didn't matter long term. Actually it was good for me professionally, there are opportunities when systems go apecrap crazy.
OldShooter
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
"The idea that a bell rings to signal when investors should get into or out of the market is simply not credible. After nearly 50 years in this business, I do not know of anybody who has done it successfully and consistently." -- John Bogle
"I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it." -- Peter Lynch
"There are two kinds of investors, be they large or small: Those who don't know where the market is headed, and those who don't know that they don't know." -- William Bernstein
I could copy and paste all night. But what I cannot do is to find anyone with any credibility who believes in the idea that timing the market is a realistic expectation. Only guys on forums believe this, and then only a few of them.
"I can't recall ever once having seen the name of a market timer on Forbes' annual list of the richest people in the world. If it were truly possible to predict corrections, you'd think somebody would have made billions by doing it." -- Peter Lynch
"There are two kinds of investors, be they large or small: Those who don't know where the market is headed, and those who don't know that they don't know." -- William Bernstein
I could copy and paste all night. But what I cannot do is to find anyone with any credibility who believes in the idea that timing the market is a realistic expectation. Only guys on forums believe this, and then only a few of them.
