Down goes the Dow

all time highs today for small cap and mid cap

By my rules I have to buy some gold on Friday - if it finishes above the 200 day moving average. that will be the first time I've owned gold in two years.

if it is true that you should be afraid every time you buy something...I should definitely buy gold here. I hate the stuff. as an investment. dumb, brute, primitive piece of metal. Profiting off fear.

Flagpole wrote:

K5 wrote:

My record? Getting out at the end of 1999 and back in in 2003? Out in 2008 about 20% of the way into the meltdown and back in in 2009 with the Dow at 9k.

And out with the Dow at $15k in 2013.

To re-enter after the next huge meltdown. Or maybe never again. The next one may be the next Depression.

Such a horrible record

...

Also, of the three times you exited the market, we only have proof of this last time (and least by you saying what your action were so we can really determine if it was good or not), and that's not going so well...

Talk about a lack of proof coming from someone who posts about beating the Dow every year without a scintilla of proof is absolutely hilarious.

agip wrote:

all time highs today for small cap and mid cap

By my rules I have to buy some gold on Friday - if it finishes above the 200 day moving average. that will be the first time I've owned gold in two years.

if it is true that you should be afraid every time you buy something...I should definitely buy gold here. I hate the stuff. as an investment. dumb, brute, primitive piece of metal. Profiting off fear.

Here's your chance to pick up some gold...

You know this economy would be much better off if everybody had voted for Ralph Nader in 00' and 04'.

Some Things Are Hilarious wrote:

Talk about a lack of proof coming from someone who posts about beating the Dow every year without a scintilla of proof is absolutely hilarious.

Consistently beating the Dow (an arbitrary assortment of large cap US equities) is really easy. One simple way would be to invest in an S&P 500 index fund.

dumb wrote:

Some Things Are Hilarious wrote:

Talk about a lack of proof coming from someone who posts about beating the Dow every year without a scintilla of proof is absolutely hilarious.

Consistently beating the Dow (an arbitrary assortment of large cap US equities) is really easy. One simple way would be to invest in an S&P 500 index fund.

Your name is truly appropriate.

Some years the S&P Index Fund will beat the Dow, some years it will not. Note the inconsistency with the use of the word, 'consistently'.

fisky wrote:

Just for fun, here's a forecast.

Today, 12Feb, the Dow 15,971 as I type this. Based on chart analysis, my forecast is...

Dow 16,400 within the next two weeks... NLT 26Feb.

didn't quite make it, but still pretty good directionally - down 16,200

agip wrote:

fisky wrote:

Just for fun, here's a forecast.

Today, 12Feb, the Dow 15,971 as I type this. Based on chart analysis, my forecast is...

Dow 16,400 within the next two weeks... NLT 26Feb.

didn't quite make it, but still pretty good directionally - down 16,200

Yep, I missed it.

Some Things Are Hilarious wrote:

Talk about a lack of proof coming from someone who posts about beating the Dow every year without a scintilla of proof is absolutely hilarious.

1) Not sure why that's funny...it's just true. Maybe I should pitch a tv show to Comedy Central about a guy who says he beats the Dow though he has no proof...somehow I don't think they would buy that show. Beating the Dow again so far in 2014 too...I'm up 2.3% YTD while the Dow sits at -2.28%. My stuff is managed by the good people at Vanguard and Fidelity, and they do a good job.

2) Also, my strategy involves me KNOWING that I can NOT know when the market will tank or go up a ton while the OP is convinced he can do that. Makes us very different, him wrong, and me humble.

Word!

Flagpole wrote:

My stuff is managed by the good people at Vanguard and Fidelity, and they do a good job.

Word!

I'm down 1.48%.

DAMN YOU BLACKROCK!!!

Randy Oldman wrote:

Flagpole wrote:

My stuff is managed by the good people at Vanguard and Fidelity, and they do a good job.

Word!

I'm down 1.48%.

DAMN YOU BLACKROCK!!!

I'm down 1.64% ytd in my stock account. Damn ME!

Haven't checked the mutual funds. Hopefully Flagpole is right and Vanguard is doing a good job. :)

I don't agree much with Flaggy's love for Barry, but Vanguard is doing a good job. My 401K is up 6.54% YTD with CISGX (Touchstone Sands Capital Institutional Growth Fund).

s&p 500 closed at an all time high.

that cisgx is a hot pepper - it's like one of those internet funds from the 90s. Great returns but huge volatility.

In spirit, you get 30% more upside and 30% more downside. So as long as the bull market lasts you might be ok.

But in 2008...down 50%. You got to make sure you understand the risk in that fund.

Flagpole's brother wrote:

I don't agree much with Flaggy's love for Barry, but Vanguard is doing a good job. My 401K is up 6.54% YTD with CISGX (Touchstone Sands Capital Institutional Growth Fund).

I don't love Obama. Lots of things I'm against. I think he's better than Romney would have been, and I think he deserves defending against some partisan crap, but I definitely do not love him.

agip wrote:

s&p 500 closed at an all time high.

that cisgx is a hot pepper - it's like one of those internet funds from the 90s. Great returns but huge volatility.

In spirit, you get 30% more upside and 30% more downside. So as long as the bull market lasts you might be ok.

But in 2008...down 50%. You got to make sure you understand the risk in that fund.

Bloody hell! +45% in the last 12 months, 33% over 5 years.

Best 3 month return +37.95%

Worst 3 month return -40.98%

Yep, I'm very happy with CISGX over the last 3 years. In addition, OTCFX (T.Rowe Price Small Cap Fund) has been good for me.

Here was coach D's prediction from 2011 for where we would be today-

coach d wrote:

NO.

I predict:

Dow 15000 around the end of 2012. That will be the top.

Bear Market lasting ~2 years to DOW 6000-8000.

.

Ouch.

agip wrote:

all time highs today for small cap and mid cap

By my rules I have to buy some gold on Friday - if it finishes above the 200 day moving average. that will be the first time I've owned gold in two years.

if it is true that you should be afraid every time you buy something...I should definitely buy gold here. I hate the stuff. as an investment. dumb, brute, primitive piece of metal. Profiting off fear.

agip,

Yes, it is definitely hated. What other asset could you imagine being up over a +400% gain in the past 13 years (about +13.5% annualized!) and still be hated as much as gold? It really is fascinating.

What percent of your portfolio will this gold holding represent?

What vehicle are you using for your gold position?