Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
Try 7000.
gaber wrote:
Try 7000.
God I hope not. But not out of the question. Most recent meltdown was only five years ago and it went from 14,000 plus to less than 7,000
f*** you wrote:
Klondike5 wrote:Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
Oh my god! The stock market fluctuates? F*ck! Everyone panic!
The point (well, other than the one on your head) is that yes the markets fluctuate, sometimes losing over 50% of their value, and it feels like one of those times may be approaching. Do you have an actual opinion on that? Or are you like Flagpole, who thinks losing 50% of your liquid assets accumulated over a lifetime and invested in the market is not a bad thing or no big deal?
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.
I got out at the end of June with the Dow at @ 15,000.
No plans to get back in any time soon. I will play it be feel.
Got out in 2008 with the Dow at 12,800 having come down from mid 14,000s. Boy was I glad I did as I watched most of my acquaintances take the ride down to 6,800.
Got back in later in 2009 with the Dow at @ 9,000
Klondike5 wrote:
Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
High was 15,658.
Klondike5 wrote:
I got out at the end of June with the Dow at @ 15,000.
No plans to get back in any time soon. I will play it be feel.
Got out in 2008 with the Dow at 12,800 having come down from mid 14,000s. Boy was I glad I did as I watched most of my acquaintances take the ride down to 6,800.
Got back in later in 2009 with the Dow at @ 9,000
Dow hit 14,100 in October 2007...it didn't get to "mid 14,000s".
Klondike5 wrote:
f*** you wrote:Oh my god! The stock market fluctuates? F*ck! Everyone panic!
The point (well, other than the one on your head) is that yes the markets fluctuate, sometimes losing over 50% of their value, and it feels like one of those times may be approaching. Do you have an actual opinion on that? Or are you like Flagpole, who thinks losing 50% of your liquid assets accumulated over a lifetime and invested in the market is not a bad thing or no big deal?
I am happy for you that you are happy with what you did, but it was risky for you to do that. No one...that is NO ONE can time the market.
Losing 50% IS no big deal as long as you are still 10+ years away from retirement and you don't do something stupid like sell at the wrong time.
I lost 39% of my portfolio value in 2008, but by 2011, no counting contributions, my value had recovered.
What did I do as the stock market dropped like a stone? In invested more. I continued investing as always so that when the market dropped below 7,000, I was a buyer. I was a buyer at 6500 and 6700 and 7000 and 8000 and 9000 and all the way up to now. I have made HUGE gains from those buys.
I would LOVE to see the market drop to 7000 again, but I seriously doubt that it will.
When you are in retirement, you MUST have other sources of income other than stocks, so that when there's a big drop in stocks, you can draw from those other resources...Social Security, bonds, CDs, or cash. I'm not a fan of CDs currently, but if you retire with ZERO debt (as you should), then you could either have about 40-50% in bonds, OR go all stocks except for 2-3 years of expenses in CDs or cash that you can use if the market really tanks. It's not an investment...it's just insurance against the market really tanking.
The ONLY time you should worry about a big stock market crash is if you are in retirement or about to retire and you have all your investments in stocks with no other sources of income expected. Just don't put yourself in that situation and you'll be ok.
It's silly to WORRY about the stock market. Position yourself well, and you have nothing to worry about.
Flagpole, great insight. People will continue to rip on you, despite you demonstrating time and time again that you actually are knowledgeable about the topic. I appreciate your input.
I, too, don't mind if the market tanks....decades until retirement for me.
f*** you wrote:
Klondike5 wrote:Down to 14,850 from a peak of 15,700 I believe.
Maybe 5%
What's the bottom?
I am betting sub 13,000
Oh my god! The stock market fluctuates? F*ck! Everyone panic!
No worries - I'm already panicking. Indeed, I live in a perpetual state of panic so that I am always prepared.
Flagpole wrote:
I am happy for you that you are happy with what you did, but it was risky for you to do that. No one...that is NO ONE can time the market.
...
It's silly to WORRY about the stock market. Position yourself well, and you have nothing to worry about.
This ^ is the right answer.
Klondike5 wrote:
...sometimes losing over 50% of their value, and it feels like one of those times may be approaching.
It "feels"? Is that your usual investment strategy?
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.
Going into the year, most people would have been surprised if the Dow got as high as it has now dropped to by August.
When it went over 13,000 people got skittish.
Bigfoot Investments wrote:
Flagpole wrote:I am happy for you that you are happy with what you did, but it was risky for you to do that. No one...that is NO ONE can time the market.
...
It's silly to WORRY about the stock market. Position yourself well, and you have nothing to worry about.
This ^ is the right answer.
Big of you to say, brother. Accurate too.
Flagpole wrote:
What did I do as the stock market dropped like a stone? In invested more. I continued investing as always so that when the market dropped below 7,000, I was a buyer. I was a buyer at 6500 and 6700 and 7000 and 8000 and 9000 and all the way up to now. I have made HUGE gains from those buys.
Do you believe this to be generally true? In other words, are there any "game changing" events that may cause large market losses where you wouldn't want to keep buying? I believe the next debt ceiling debacle is coming up in mid-October and if the government defaults this time (they came very close in 2011), you may get your wish for a 7,000 Dow.
Flagpole.
Enjoy the ride down.
Don't say you weren't warned.
Oh wait, you think losing lots of money in a meltdown is a good thing. I forgot.
Itchy finger wrote:
Klondike5 wrote:...sometimes losing over 50% of their value, and it feels like one of those times may be approaching.
It "feels"? Is that your usual investment strategy?
It worked damn well in 2008 when I got out of the market and avoided about 85% of the meltdown
Klondike5 wrote:
Flagpole.
Enjoy the ride down.
Don't say you weren't warned.
Yeah watch out, Flagpole. This guy felt the last big dip and now he's feeling it again. It's in his bones! Hahahahaha.