Posted:
#1
call it whatever you want correction, profit taking, whatever, this SOB is going down big-time
The stock market will crash starting tomorrow
...
Views: 689
Posts: 16
Posted:
#5
Another 5% at most before the Correction reaches it's bottom. Save the Cash you are earning from the next couple of pay periods before you start buying on Discount!
This is amateur hour for an anyone who is panicking and that's completely liquidating their brokerage accounts. If anything, people should be holding for the LT (especially if any dividends are being paid) and prepared to buy more. I'm saying this as a 32 year old as I have plenty of time on my side. It may be a little different strategy for older members here.
Anyone paying attention to market news knew that this correction was coming and should come as no surprise.
BOL
Posted:
#6
Good advice Slob...
I've been in the market for as long as you have been alive & people are real quick to panic & believe they will eventually be able to time the market before it goes back up.
Yesterday's close was very ugly & I agree we will have more bumpy days ahead. However, I 'm a firm believer of staying in for the long haul even at my age.
Posted:
#7
Quote Originally Posted by Slobbasaurus:
Another 5% at most before the Correction reaches it's bottom. Save the Cash you are earning from the next couple of pay periods before you start buying on Discount!
About 10 years ago, when I was still working, I did this very thing. After the market dropped 30-40%, I upped my 401k contributions from 10% to 15% & left it, which is part of the reason I was able to retire last year @ 54.Another 5% at most before the Correction reaches it's bottom. Save the Cash you are earning from the next couple of pay periods before you start buying on Discount!
This is amateur hour for an anyone who is panicking and that's completely liquidating their brokerage accounts. If anything, people should be holding for the LT (especially if any dividends are being paid) and prepared to buy more. I'm saying this as a 32 year old as I have plenty of time on my side. It may be a little different strategy for older members here.
Anyone paying attention to market news knew that this correction was coming and should come as no surprise.
BOL
Posted:
#8
Quote Originally Posted by THEMUGG:
About 10 years ago, when I was still working, I did this very thing. After the market dropped 30-40%, I upped my 401k contributions from 10% to 15% & left it, which is part of the reason I was able to retire last year @ 54.
About 10 years ago, when I was still working, I did this very thing. After the market dropped 30-40%, I upped my 401k contributions from 10% to 15% & left it, which is part of the reason I was able to retire last year @ 54.
Love stories like this. That's great Mugg! Congrats to you sir 
Posted:
#10
Quote Originally Posted by Slobbasaurus:
Another 5% at most before the Correction reaches it's bottom. Save the Cash you are earning from the next couple of pay periods before you start buying on Discount!
Another 5% at most before the Correction reaches it's bottom. Save the Cash you are earning from the next couple of pay periods before you start buying on Discount!
This is amateur hour for an anyone who is panicking and that's completely liquidating their brokerage accounts. If anything, people should be holding for the LT (especially if any dividends are being paid) and prepared to buy more. I'm saying this as a 32 year old as I have plenty of time on my side. It may be a little different strategy for older members here.
Anyone paying attention to market news knew that this correction was coming and should come as no surprise.
BOL
BINGO!!!!
What do you call an Eternal Optimist? An accordion player with a beeper!
Posted:
#11
These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks.
I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please!
Posted:
#12
Quote Originally Posted by wallstreetcappers:
These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks. I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please!
These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks. I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please!
me too 15k i start paying attention
Posted:
#13
Quote Originally Posted by wallstreetcappers:
These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks.
I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please!
15k?
You calling for a recession? Granted it ran to far to fast. We need a shake out but 15k in a low unemployment, good earnings, corporate tax friendly environment i just don't see occuring. Rates are still historically low. If i must make a call i'd say 2300 for the S&P 500, about 20%
Posted:
#14
Quote Originally Posted by Goggles-Pisano:
QUOTE Originally Posted by wallstreetcappers: These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks. I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please! 15k?You calling for a recession? Granted it ran to far to fast. We need a shake out but 15k in a low unemployment, good earnings, corporate tax friendly environment i just don't see occuring. Rates are still historically low. If i must make a call i'd say 2300 for the S&P 500, about 20%
QUOTE Originally Posted by wallstreetcappers: These swings are curious and interesting, very telling about a thin bid market. It shows you that when the HFT guys arent making phony bids that the market can and will drop. This so far is nothing, not even worth rushing in to buy...we are at over-blown historic highs fueled by forced zero rates and no alternatives AND a massive pile of corporate debt to fuel buybacks. I am not even blinking until we get at least to 15k, then maybe I will wake up and pay attention. 23k still???? please! 15k?You calling for a recession? Granted it ran to far to fast. We need a shake out but 15k in a low unemployment, good earnings, corporate tax friendly environment i just don't see occuring. Rates are still historically low. If i must make a call i'd say 2300 for the S&P 500, about 20%
All of what you said happened because the FED engineered it and corporate profits were artificially bloated, those conditions are changing and we have also artificially altered the economic cycle...that is changing. Fair value to me with rates even remotely close to historic norms is below 10k...maybe well below.
Sheesh I go to Home Depot and the market reverses 400 points after reversing 600 points earlier. Yeah the HFT boys being out of the market has a real big impact on stock price action.
Posted:
#15
Yes the Fed engineered it and now the tax plan will band aid it. But isnt part of the Fed's job to make sunshine and roses even when it's raining? What if they keep making roses for another 5 years? I'm on for the ride and will nip away with what I don't have invested as i see fit.
Yeah its bouncing all over the place, nothing we haven't seen b4.
Enjoy your weekend
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