Down goes the Dow

The Peanut Gallery wrote:

K5 wrote:

It's really not so tough for those with average or above intellects. Reading past jobs without the graphs included

Anyone with at least average intelligence would know how to quote a prior posting.

I have no idea what you are talking about. Nor do you, I suspect. I copied and pasted an article which included some graphs that were deleted in the pasting. The prose explained what was going on. If this were not Letsrun, I would be shocked anyone had any trouble following it at all.

Pay attention wrote:

Why don't use just use stops to protect your funds?

K5 wrote:

They cost money.

I don't pay anything for a stop beyond the usual trade fee if/when a trade is made. If you're paying for stops, you need a new broker.

Pay attention wrote:

Pay attention wrote:

Why don't use just use stops to protect your funds?

K5 wrote:

They cost money.

I don't pay anything for a stop beyond the usual trade fee if/when a trade is made. If you're paying for stops, you need a new broker.

I have never used stops. I assume that nothing is free -- including stops

K5 wrote:

I have never used stops. I assume that nothing is free -- including stops

Now you know the truth. Why not give them a try and make some more money?

K5 wrote:

The whole stock market thing is a bog gamble and we are the customers, not the house.

This is why you don't have the stomach for investing in the stock market and really shouldn't comment on it.

Investing in the stock market is NOT gambling. Why not?

1) The odds are in your favor. You can not compare the stock market to a casino. The Dow today is higher than it ever has been, and over time, it ALWAYS goes up...ALWAYS. One more time for emphasis...ALWAYS.

2) The results of the stock market are NOT random. There are lots of reasons why a stock goes up or down, and none of it is just random chance.

3) There is not an "end of game". If you lose money gambling (slot machine or black jack for example), then that money is GONE. When you buy stocks, especially in mutual funds as you should do, if you have a big loss in value, you do not have to sell (cash in). As was stated in point #1, the stock market ALWAYS goes up over time, so you just wait, perhaps even use the down time to invest MORE, and watch it all balloon up later on. You can't do that in a casino or with traditional forms of gambling.

Investing in the stock market is for people who:

1) Are debt free but for a house or MAYBE a large student loan or MAYBE a zero interest car loan (too many of these 'acceptable' loans though is too much and you should work on getting rid of the debt as a bigger priority than investing).

2) Have an emergency fund of 3-6 months of expenses.

3) Invest money you make TODAY that you don't need today so that you can retire later on and have an income. Rule of thumb is to do 15% of your income minimum if possible. The way that you invest is that you do it religiously, making VERY FEW changes over time to your funds (usually just buying new ones to increase diversification), and then putting in even more money if you can if the market tanks.

agip wrote:

another all time high for the Dow

And the S&P!

Pay attention wrote:

K5 wrote:

I have never used stops. I assume that nothing is free -- including stops

Now you know the truth. Why not give them a try and make some more money?

It's worth looking into

Pay attention wrote:

K5 wrote:

I have never used stops. I assume that nothing is free -- including stops

Now you know the truth. Why not give them a try and make some more money?

Opportunity costs are every bit as real as any other cost. There is no such thing as a free lunch.

Flagpole wrote:

[quote]K5 wrote:

The whole stock market thing is a bog gamble and we are the customers, not the house.

This is why you don't have the stomach for investing in the stock market and really shouldn't comment on it.

Flag.

You are really naïve if you don't understand that there are those with inside info and those with the size to move the market -- these are the house -- and then there is us -- the Johns.

The only people certain to make money in the market are those selling access to it and selling their "expertise".

You should recognize that you are not thinking rationally by your continued use of the emotional assertion "you don't have the stomach for it".

Pay attention wrote:

sheeat hitting fan wrote:

Last month on here I said sub 10,000 on by the end of the year and got crucified on here for it. Markets are over-inflated by at least 40%. Fed has just been pumping billions into it. Printing up money like the old soviet union.

Stocks are no where near bubble territory.

You reach this conclusion based on what facts and what reasoning?

Flagpole wrote:

What a great year for stocks. Dow is up 21%+ on the year.

I'm ahead of the Dow comfortably now (was behind the Dow into the summer) at over 25% up. Woo Hoo!

Why are you cheering? All of your new purchases are at high prices!

dummy wrote:

Flagpole wrote:

What a great year for stocks. Dow is up 21%+ on the year.

I'm ahead of the Dow comfortably now (was behind the Dow into the summer) at over 25% up. Woo Hoo!

Why are you cheering? All of your new purchases are at high prices!

How do you know?

I wish I had a lot of shares of stock in the market now. I'd be selling and holding that big pile of cash for the next time prices come down, i.e. are on sale, not just available for the ever greater fools to buy. Buy low....sell high and this is certainly high.

Pointing Out the Obvious wrote:

Opportunity costs are every bit as real as any other cost. There is no such thing as a free lunch.

That has nothing to do with stops. You need to educate yourself about this selling method before chiming in.

dummy wrote:

Why are you cheering? All of your new purchases are at high prices!

Look up "dollar cost averaging" and learn something.

Big Wish wrote:

I wish I had a lot of shares of stock in the market now. I'd be selling and holding that big pile of cash for the next time prices come down, i.e. are on sale, not just available for the ever greater fools to buy. Buy low....sell high and this is certainly high.

How do you know this is a high?

hmmmmmmmmmmmmmmm wrote:

Big Wish wrote:

I wish I had a lot of shares of stock in the market now. I'd be selling and holding that big pile of cash for the next time prices come down, i.e. are on sale, not just available for the ever greater fools to buy. Buy low....sell high and this is certainly high.

How do you know this is a high?

what is it about the words 'record high' that you don't understand?

Klioty wrote:

dummy wrote:

Why are you cheering? All of your new purchases are at high prices!

Look up "dollar cost averaging" and learn something.

Why don't you explain it to us

You can't be that stupid.