U.S. stocks in free fall
Re: U.S. stocks in freefall
As I was catching up on my "US stocks in freefall" reading, I checked today's gyrations ("freerise"?) on Google finance:
My 2 yr old daughter was sitting on my lap and observed: "Are those mountains and cliffs? Is that from winter snow?"
"Yes, honey. Life is full of ups and downs, winters and summers." Thanks for helping to provide her first Bogle-lesson!
mbvcsaqqcvbbghggyghjuhyb,loiooi (<-- that was a message from her, she wanted to write her first comment)
My 2 yr old daughter was sitting on my lap and observed: "Are those mountains and cliffs? Is that from winter snow?"
"Yes, honey. Life is full of ups and downs, winters and summers." Thanks for helping to provide her first Bogle-lesson!
mbvcsaqqcvbbghggyghjuhyb,loiooi (<-- that was a message from her, she wanted to write her first comment)
A thing is right when it tends to preserve the integrity, stability, and beauty of the biotic community. It is wrong when it tends otherwise. -Aldo Leopold's Golden Rule of Ecology
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Re: A lifetime lesson
Taylor, be carful, someone is going to accuse you of cherry pickingTaylor Larimore wrote:Bogleheads:
I began investing in 1950 when the S&P 500 Index was under 20. Now it is over 1,900 (not including dividends).
I should have simply bought the market and stayed-the-course.
Best wishes.
Taylor
Neither a wise man nor a brave man lies down on the tracks of history to wait for the train of the future to run over him. |
-Dwight D. Eisenhower-
Re: U.S. stocks in freefall
There's a difference between holding back money in expectation of future price drops, which bears the implicit cost of not being invested during rises, and expecting increased returns due to price drops that happened to occur before planned investments. The former is market timing; the latter is not, but also not actionable, just luck.visualguy wrote:No, it's market timing.oragne lovre wrote:I think there is a subtle difference between "time the market" phrase, which means predicting the up and down of the market, and "buy when stocks fall" phrase, which means the obvious falling that triggers a purchase.johnep wrote:+1Beliavsky wrote:Lots of Bogleheads seem to simultaneously hold the following contradictory views:
(1) You can't time the market.
(2) When stocks fall, it's a great time to buy.
That said my portfolio is now up since just before this thread was bumped, so I'm guessing it wasn't such a firesale opportunity.
Re: U.S. stocks in freefall
Welcome back old thread. Small caps are getting close to a correction. Time to follow my plan and stay the course. Hope everyone is doing well and are not jumping from buildings in panic.
Never underestimate the power of the force of low cost index funds.
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Re: U.S. stocks in freefall
My father called me today to tell me that he hasn't checked his portfolio lately, and wondered if I would update him on his balances on a little spreadsheet widget I made for him. I told him my spreadsheet was busted, and that it might take me a couple of years or more to getting around to fixing it. Oh, and I told him not to bother opening his Q3 or year-end statements.
If you have to ask "Is a Target Date fund right for me?", the answer is "Yes" (even in taxable accounts).
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Re: U.S. stocks in freefall
You're pretty late with that call, they're already in a correction since at least Sept. 22nd when they exited the Bollinger band squeeze. At the moment Chaikin Money Flow is negative and they're riding the lower Bollinger band down. RSI is getting pretty low and MACD divergence pretty high though, I'd start looking for a bottoming candlestick pattern before making a new trade. I'd use 107 or so as a first resistance level (for the VB ETF), violation of that would mean a more serious breakdown headed down to the next resistance at 104, the double top breakdown target.ofcmetz wrote:Small caps are getting close to a correction.
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Re: U.S. stocks in freefall
Clearly_Irrational wrote:You're pretty late with that call, they're already in a correction since at least Sept. 22nd when they exited the Bollinger band squeeze. At the moment Chaikin Money Flow is negative and they're riding the lower Bollinger band down. RSI is getting pretty low and MACD divergence pretty high though, I'd start looking for a bottoming candlestick pattern before making a new trade. I'd use 107 or so as a first resistance level (for the VB ETF), violation of that would mean a more serious breakdown headed down to the next resistance at 104, the double top breakdown target.ofcmetz wrote:Small caps are getting close to a correction.
Huh?
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Re: U.S. stocks in freefall
Yes, but are we talking Pisces or Godzilla? We need details!Clearly_Irrational wrote:You're pretty late with that call, they're already in a correction since at least Sept. 22nd when they exited the Bollinger band squeeze. At the moment Chaikin Money Flow is negative and they're riding the lower Bollinger band down. RSI is getting pretty low and MACD divergence pretty high though, I'd start looking for a bottoming candlestick pattern before making a new trade. I'd use 107 or so as a first resistance level (for the VB ETF), violation of that would mean a more serious breakdown headed down to the next resistance at 104, the double top breakdown target.ofcmetz wrote:Small caps are getting close to a correction.
In theory, theory and practice are identical. In practice, they often differ.
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Re: U.S. stocks in freefall
Is that English or Swahili?Clearly_Irrational wrote:You're pretty late with that call, they're already in a correction since at least Sept. 22nd when they exited the Bollinger band squeeze. At the moment Chaikin Money Flow is negative and they're riding the lower Bollinger band down. RSI is getting pretty low and MACD divergence pretty high though, I'd start looking for a bottoming candlestick pattern before making a new trade. I'd use 107 or so as a first resistance level (for the VB ETF), violation of that would mean a more serious breakdown headed down to the next resistance at 104, the double top breakdown target.ofcmetz wrote:Small caps are getting close to a correction.
Re: U.S. stocks in freefall
Those looking to decode the terminology can find it in this thread: Southwest Airlines Engulfing, Reversal Candle Signals Downsi
Please continue the definitions in that thread.
Please continue the definitions in that thread.
Re: U.S. stocks in freefall
Clearly_Irrational
Clearly_Irrational--what was that?
Clearly_Irrational--what was that?
~ Member of the Active Retired Force since 2014 ~
- Phineas J. Whoopee
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Re: U.S. stocks in freefall
Thanks for the good wishes. Naturally, as a Boglehead, I jump from buildings in a calm manner.ofcmetz wrote:Welcome back old thread. Small caps are getting close to a correction. Time to follow my plan and stay the course. Hope everyone is doing well and are not jumping from buildings in panic.
PJW
- Clearly_Irrational
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Re: U.S. stocks in freefall
Technical analysis. I find it foolish to dismiss something as unworkable without knowing how it works.cfs wrote:Clearly_Irrational--what was that?
Re: U.S. stocks in freefall
So the Dow was down.
The fear factor brought to you by Reuters (title of the article) "Wall Street walloped: Stocks sink amid earnings, economic fears."
Actually, the sky is not falling, this was a normal down day in Wall Street. Keep those windows closed. Forget about the financial talking heads and catch the latest Major League Baseball Playoff Game (and congrats to my KC friends).
The fear factor brought to you by Reuters (title of the article) "Wall Street walloped: Stocks sink amid earnings, economic fears."
Actually, the sky is not falling, this was a normal down day in Wall Street. Keep those windows closed. Forget about the financial talking heads and catch the latest Major League Baseball Playoff Game (and congrats to my KC friends).
~ Member of the Active Retired Force since 2014 ~
Re: U.S. stocks in freefall
Thanks for the Technical Explanation.Clearly_Irrational wrote:Technical analysis. I find it foolish to dismiss something as unworkable without knowing how it works.cfs wrote:Clearly_Irrational--what was that?
~ Member of the Active Retired Force since 2014 ~
Re: U.S. stocks in freefall
I had a contribution to spend today, so bought more IEIS, which has been down lately. This is the first year in the last several where I have had to rebalance on the upside, and then on the downside. I guess things are returning to normal.
Last edited by scone on Wed Oct 01, 2014 4:55 pm, edited 1 time in total.
"My bond allocation is the amount of money that I cannot afford to lose." -- Taylor Larimore
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Re: U.S. stocks in freefall
Absolutely. Now about astrology...Clearly_Irrational wrote:Technical analysis. I find it foolish to dismiss something as unworkable without knowing how it works.cfs wrote:Clearly_Irrational--what was that?
In theory, theory and practice are identical. In practice, they often differ.
Re: U.S. stocks in freefall
U.S. stocks down more than 1 percent as the first US Ebola patient spooked investors
Hmmm, perhaps a momentum trade in the works.
Hmmm, perhaps a momentum trade in the works.
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Re: U.S. stocks in freefall
Is it OK if I panic and start shoveling some of my (admittedly not very much) spare cash into an extended market index fund?ofcmetz wrote:Welcome back old thread. Small caps are getting close to a correction. Time to follow my plan and stay the course. Hope everyone is doing well and are not jumping from buildings in panic.
Les vieillards aiment à donner de bons préceptes, pour se consoler de n'être plus en état de donner de mauvais exemples. |
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Re: U.S. stocks in freefall
I haven't looked into Astrology as seriously because it didn't seem to have any way to make useful, quantifiable & testable predictions. The theoretical underpinnings also seem pretty weak.technovelist wrote:Absolutely. Now about astrology...
If you're going to do some form of timing then you need a method and technical analysis is pretty much the best one available. It's essentially pattern recognition math as applied to human trading behavior. I found it quite useful back when I was doing active trading to answer the question of when, fundamental analysis is better at answering the question of what. Of course the market continues to get more efficient so both are really sub-optimal nowadays as can be seen by the decline of the hedge fund industry.
Re: U.S. stocks in freefall
This is at the top of page 17... First thing I saw when I clicked on this thread...papito23 wrote:As I was catching up on my "US stocks in freefall" reading, I checked today's gyrations ("freerise"?) on Google finance:
My 2 yr old daughter was sitting on my lap and observed: "Are those mountains and cliffs? Is that from winter snow?"
"Yes, honey. Life is full of ups and downs, winters and summers." Thanks for helping to provide her first Bogle-lesson!
mbvcsaqqcvbbghggyghjuhyb,loiooi (<-- that was a message from her, she wanted to write her first comment)
7 weeks ago, we'd be pretty excited about the S&P 500 being at 1946 like it is today.
Re: U.S. stocks in freefall
Yet another intense and emotional stay the course day...
...jumping out of tall buildings from the front steps.
It sure feels great to be a Boglehead.
Billy
...jumping out of tall buildings from the front steps.
It sure feels great to be a Boglehead.
Billy
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Re: U.S. stocks in freefall
There's always Astrological Finance.Clearly_Irrational wrote:I haven't looked into Astrology as seriously because it didn't seem to have any way to make useful, quantifiable & testable predictions...technovelist wrote:Absolutely. Now about astrology...
Last edited by backpacker on Wed Oct 01, 2014 7:05 pm, edited 3 times in total.
Re: U.S. stocks in freefall
Bring on the price declines! We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.This bull has been running for over 5 years,as we all know the best returns are garnered when we steadily buy index funds during a long declining market,only to see the portfolio rebound solidly when the market heads North again.Once again,welcome declining markets with open wallets
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: U.S. stocks in freefall
If someone figures out stocks freefall, will he get a Nobel in physics or economics?
Victoria
Victoria
Inventor of the Bogleheads Secret Handshake |
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Re: U.S. stocks in freefall
+1Toons wrote:Bring on the price declines! We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.This bull has been running for over 5 years,as we all know the best returns are garnered when we steadily buy index funds during a long declining market,only to see the portfolio rebound solidly when the market heads North again.Once again,welcome declining markets with open wallets
I've been breathing a sigh of relief these last few days...
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Re: U.S. stocks in freefall
9.8 $M/s/s.VictoriaF wrote:If someone figures out stocks freefall, will he get a Nobel in physics or economics?
Victoria
Lay 'em both on me, King o' Sweden.
PJW
Re: U.S. stocks in freefall
The Dow closed at 10,809.85 that day. Quite the freerise since then!Lbill wrote:Aug 8, 2011: DOW is down by over 550 points with a couple hours of trading left. Trading halt on the way?
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Two-time in top-10 in Bogleheads S&P500 contest; 18-time loser
Re: U.S. stocks in freefall
Today a freefall? On a percentage basis,hardly .A free fall is more like when the Dow lost 22.6% of its value in one day,October 19,1987. I remember that day.Dropped 538 points to 1738.Thats right 1738.Where is the Dow now?Hovering around 17,000.It just reaffirms,stick to your asset allocation,buy shares as often as you can ,forgetting "where the market is",Ignore the noise(its meaningless)Stay The Course
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
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Re: U.S. stocks in freefall
Using the NBER data I'd have to disagree with the "long overdue" part, we're still in very reasonable expansion territory.Toons wrote:We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.
Dec 2007 Last Peak
Aug 2012 Mean
Feb 2014 Linear Trend
Jan 2015 One Sigma
May 2017 Two Sigma
Oct 2019 Three Sigma
The leading indicator swirlogram only says slowdown rather than contraction.
Composite crash indicator is only 7.14/100 (over 30 is usually bad).
Dividend cuts did pick up last month, but that's been an on again off again occurrence since late 2012.
Minus an "event" of some kind I think a major bear market is unlikely to begin just now.
Re: U.S. stocks in freefall
@Clearly Irrational. I appreciate your mastery of technicals, and agree with your longer term prognosis. What are the key support, resistance levels + alarm bells for the S+P500 in coming weeks?
Re: U.S. stocks in freefall
I once had a professor that consistently argued that all charts and graphs of this type should have the Y-axis start at 0 (and not omit any of the territory between 0 and the top of the graph) to accurately depict the magnitude of the change in relative terms. I bet this graph would look pretty close to a horizontal line.HomerJ wrote:
Re: U.S. stocks in freefall
+2backpacker wrote:+1Toons wrote:Bring on the price declines! We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.This bull has been running for over 5 years,as we all know the best returns are garnered when we steadily buy index funds during a long declining market,only to see the portfolio rebound solidly when the market heads North again.Once again,welcome declining markets with open wallets
I've been breathing a sigh of relief these last few days...
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: U.S. stocks in freefall
Clearly_Irrational wrote:You're pretty late with that call, they're already in a correction since at least Sept. 22nd when they exited the Bollinger band squeeze. At the moment Chaikin Money Flow is negative and they're riding the lower Bollinger band down. RSI is getting pretty low and MACD divergence pretty high though, I'd start looking for a bottoming candlestick pattern before making a new trade. I'd use 107 or so as a first resistance level (for the VB ETF), violation of that would mean a more serious breakdown headed down to the next resistance at 104, the double top breakdown target.ofcmetz wrote:Small caps are getting close to a correction.
(C. L. Dodgson)Beware the Jubjub bird, and shun
The frumious Bandersnatch!
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Re: U.S. stocks in freefall
Not only show the Y=0 line, but also use a semi-log plot. It would look even more like a horizontal line.FedGuy wrote: I once had a professor that consistently argued that all charts and graphs of this type should have the Y-axis start at 0 (and not omit any of the territory between 0 and the top of the graph) to accurately depict the magnitude of the change in relative terms. I bet this graph would look pretty close to a horizontal line.
If you have to ask "Is a Target Date fund right for me?", the answer is "Yes" (even in taxable accounts).
Re: U.S. stocks in freefall
I just bought. However, it had nothing to do with market movement, and was just due to finding unexpected money in our budget to contribute toward our Roth IRAs. Since I triggered a rebalancing band early last month (buying bonds), I don't anticipate further rebalancing being necessary unless the market drops at least another 10-15%.
Retirement investing is a marathon.
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Re: U.S. stocks in freefall
The short answer is that the small caps are leading the large caps, which is normal.dgdevil wrote:@Clearly Irrational. I appreciate your mastery of technicals, and agree with your longer term prognosis. What are the key support, resistance levels + alarm bells for the S+P500 in coming weeks?
The S&P500 broke the bollinger band squeeze on Sept 25th and is now riding the lower bound downwards. RSI is still dropping and MACD divergence widening so the trend probably isn't over yet. Chaikin money flow just turned negative from postivie and volume is rising so that tends to reinforce the idea of further decline. The P&F chart shows a double bottom breakdown with an 1860 target. First support is around 1910 with second support around 1860 or so, the same as the breakdown target.
Over the next few days I expect the market to head down from it's low on Oct 1st.
Re: U.S. stocks in freefall
neurosphere wrote:Not only show the Y=0 line, but also use a semi-log plot.
L.
You can get what you want, or you can just get old. (Billy Joel, "Vienna")
Re: U.S. stocks in freefall
"The S&P500 broke the bollinger band squeeze on Sept 25th and is now riding the lower bound downwards. RSI is still dropping and MACD divergence widening so the trend probably isn't over yet. Chaikin money flow just turned negative from postivie and volume is rising so that tends to reinforce the idea of further decline. The P&F chart shows a double bottom breakdown with an 1860 target. First support is around 1910 with second support around 1860 or so, the same as the breakdown target."
Wow I can't even interpret that...Ignorance is Bliss
Wow I can't even interpret that...Ignorance is Bliss
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
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Re: U.S. stocks in freefall
It's actually not as complicated as it sounds.Toons wrote:Wow I can't even interpret that...Ignorance is Bliss
RSI is a relative strength indicator that scales from 0 to 100. Readings above 70 generally mean the stock is getting overbought while readings below 70 generally mean it's getting oversold.
MACD is a moving average covergence divergence indicator. In theory crossovers are buy/sell signals but in this context I was using it for measuring the size of the divergence, since it's an oscillating indicator when the divergence gets high that means the current trend is likely to reverse soon.
Chaikin Money Flow basically measures whether putting are putting money into or pulling money out of a particular stock or index in this case. I generally look more at the slope than the value. For example if a stock is going up but money flow is trending downwards then you know it's running out of steam.
Bollinger bands measure two standard deviations away from a moving average. It's really likely that price action will stay within those lines. A band squeeze is when the distance between the lines contracts sharply, this is a very reliable indicator that a bigger market move is coming up soon though it doesn't tell you which direction on it's own. Once the market moves after a squeeze, it's really likely that the trend will track the upper or lower line for a while, the point to watch for is when it starts diverging from that since that is a signal that the trend may be changing.
Volume just measures how many shares were traded during a day and can help you determine market mood. For example, extremely low volume often means the market participants are unsure of what to do and things may hover a bit before breaking sharply. Rising volume often means conviction in the current trend.
I didn't use any candlesticks in my description, but you can see a three crows pattern forming if today's price closes lower. That is generally a changeover signal between buyers and sellers.
Point and figure charts are basically a way to take some of the volatility out of the graph, they were developed before computers to help see trends and tend to have some pretty reliable known patterns that come with price predictions.
Technical indicators are all about probabilities. They tell you what is likely and if most of them are saying the same thing then it's more likely. Since we've broken the lower channel line it's pretty likely the market will drop some more, I wouldn't be taking any new long positions right now for short term trades.
Re: U.S. stocks in freefall
Simple explanation.
Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks.
Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks.
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- Clearly_Irrational
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Re: U.S. stocks in freefall
Last I read he was complaining about not being able to find much to buy since everything was so expensive. I doubt the current decline is big enough to change that situation.cfs wrote:Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks.
Re: U.S. stocks in freefall
He was on CNBC this morning and recommended index funds over hedge funds.Clearly_Irrational wrote:Last I read he was complaining about not being able to find much to buy since everything was so expensive. I doubt the current decline is big enough to change that situation.cfs wrote:Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks.
Retired |
Two-time in top-10 in Bogleheads S&P500 contest; 18-time loser
Re: U.S. stocks in freefall
-- Actually, it was reported on Yahoo finance that:BigFoot48 wrote:He was on CNBC this morning and recommended index funds over hedge funds.Clearly_Irrational wrote:Last I read he was complaining about not being able to find much to buy since everything was so expensive. I doubt the current decline is big enough to change that situation.cfs wrote:Here is the simple explanation to all the technical analysis codes: Markets are down and Mister Warren Buffett is busy buying stocks.
"Warren Buffett told CNBC on Thursday he bought stocks in Wednesday's big selloff. He won't name names or whether he was adding to positions of his current holdings. But he did describe them in a " Squawk Box " interview as "names you'd recognized."
-- But, of course, he is Warren Buffett and he is carrying a LOT of cash in his wallet, just waiting for an opportunity to invest a couple of dollars (not much, just a couple of dollars).
~ Member of the Active Retired Force since 2014 ~
Re: U.S. stocks in freefall
Toons!Toons wrote:Bring on the price declines! We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.This bull has been running for over 5 years,as we all know the best returns are garnered when we steadily buy index funds during a long declining market,only to see the portfolio rebound solidly when the market heads North again.Once again,welcome declining markets with open wallets
I always love reading your posts Sir! You really encourage me, as a new investor still learning and trying to "stay the course"!
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Re: U.S. stocks in freefall
Actually, he said what I reported. The full statement (sorry for the caps):cfs wrote:-- Actually, it was reported on Yahoo finance that:BigFoot48 wrote:He was on CNBC this morning and recommended index funds over hedge funds.
"Warren Buffett told CNBC on Thursday he bought stocks in Wednesday's big selloff. He won't name names or whether he was adding to positions of his current holdings. But he did describe them in a " Squawk Box " interview as "names you'd recognized."
-- But, of course, he is Warren Buffett and he is carrying a LOT of cash in his wallet, just waiting for an opportunity to invest a couple of dollars (not much, just a couple of dollars).
http://www.cnbc.com/id/102054108I MADE A BET SEVEN YEARS AGO AND I MADE THIS OFFER TO ANYBODY IN THE UNITED STATES. I SAID I BET A MILLION DOLLARS THAT THEY COULD PICK ANY GROUP OF FUND-TO-FUNDS OF HEDGE FUNDS AND I WOULD TAKE THE S&P 500 RUN BY VANGUARD AND THE WINNER WOULD GET TO PICK THE CHARITY THAT THE MONEY WENT TO. AND ALL I CAN TELL YOU IS I'M QUITE AWAYS AHEAD ON THAT BET NOW. HEDGE FUNDS AFTER FEES ARE NOT GOING TO DELIVER, IN MY VIEW, A RETURN AS WELL AS BUYING A LOW-COST INDEX FUND. BUT THEY ARE GOING TO MAKE A LOT OF MONEY FOR THE PEOPLE WHO RUN THEM.
Last edited by BigFoot48 on Thu Oct 02, 2014 11:30 am, edited 1 time in total.
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Re: U.S. stocks in freefall
Cheers back to you,,,Stay Focused,Stay Strong,Stay Positive,,FEAR NOTHING,Keep Investing,Stay the Course,,,and along the way Keep Smilin and Have funriptide wrote:Toons!Toons wrote:Bring on the price declines! We are long overdue for a good old fashioned bear market,where shares are scooped up at great prices.This bull has been running for over 5 years,as we all know the best returns are garnered when we steadily buy index funds during a long declining market,only to see the portfolio rebound solidly when the market heads North again.Once again,welcome declining markets with open wallets
I always love reading your posts Sir! You really encourage me, as a new investor still learning and trying to "stay the course"!
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: U.S. stocks in freefall
Thanks for the link
BigFoot48 thanks for the link, yes, on the same article he talks about buying stocks yesterday ("and if you told me the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday"). I see, he continues to be "Bullish on America."
BigFoot48 thanks for the link, yes, on the same article he talks about buying stocks yesterday ("and if you told me the market was going to go down 500 points next week, I would have bought those same businesses and stocks yesterday"). I see, he continues to be "Bullish on America."
~ Member of the Active Retired Force since 2014 ~
Re: U.S. stocks in freefall
This sentence was part of an Annual Report from a mutual fund that I have held for years,it might be appropriate .Read ,Re-read
"As for the financial markets,as the period came to a close,the U.S.stock market took one of its biggest tumbles in some time.Downturns such as this should be expected especially after the markets PROLONGED advance.In fact, I sometimes WELCOME them since they can provide me with BUYING opportunities."
Stay Focused(Laser Like),Stay The Course
"As for the financial markets,as the period came to a close,the U.S.stock market took one of its biggest tumbles in some time.Downturns such as this should be expected especially after the markets PROLONGED advance.In fact, I sometimes WELCOME them since they can provide me with BUYING opportunities."
Stay Focused(Laser Like),Stay The Course
"One does not accumulate but eliminate. It is not daily increase but daily decrease. The height of cultivation always runs to simplicity" –Bruce Lee
Re: U.S. stocks in freefall
When the moon is in the seventh houseToons wrote:"The S&P500 broke the bollinger band squeeze on Sept 25th and is now riding the lower bound downwards. RSI is still dropping and MACD divergence widening so the trend probably isn't over yet. Chaikin money flow just turned negative from postivie and volume is rising so that tends to reinforce the idea of further decline. The P&F chart shows a double bottom breakdown with an 1860 target. First support is around 1910 with second support around 1860 or so, the same as the breakdown target."
Wow I can't even interpret that...Ignorance is Bliss
And Jupiter aligns with Mars
And peace will guide the planets
And love will steer the stars
This is the dawning of the age of Aquarius
Gordon