[S&P is down 1.3%, thus] We're all going to die!!!

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technovelist
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[S&P is down 1.3%, thus] We're all going to die!!!

Post by technovelist » Thu Sep 25, 2014 12:22 pm

The S&P 500 is down 1.3%!!!! :greedy
In theory, theory and practice are identical. In practice, they often differ.

chaz
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Re: We're all going to die!!!

Post by chaz » Thu Sep 25, 2014 12:28 pm

Bad days occur. :?
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Dtort
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Re: We're all going to die!!!

Post by Dtort » Thu Sep 25, 2014 12:29 pm

Isn't that supposed to be spelled "B-U-Y"?

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tennisplyr
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Re: We're all going to die!!!

Post by tennisplyr » Thu Sep 25, 2014 12:32 pm

Non-issue if your portfolio is diverse. ➡️
Those who move forward with a happy spirit will find that things always work out.

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rob
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Re: We're all going to die!!!

Post by rob » Thu Sep 25, 2014 12:32 pm

** Busted post since title was changed **
Last edited by rob on Thu Sep 25, 2014 3:34 pm, edited 1 time in total.
| Rob | Its a dangerous business going out your front door. - J.R.R.Tolkien

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Drain
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Re: We're all going to die!!!

Post by Drain » Thu Sep 25, 2014 12:36 pm

rob wrote:Pretty sure we're all going to die regardless of the S&P direction :D
Speak for yourself, mortal.
Darin

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InvestorNewb
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Re: We're all going to die!!!

Post by InvestorNewb » Thu Sep 25, 2014 12:52 pm

It's amazing how fast it can come and go.
My Portfolio: VTI [US], VXUS [Int'l], VNQ [REIT], VCN [Canada] (largest to smallest)

mikeast
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Re: We're all going to die!!!

Post by mikeast » Thu Sep 25, 2014 12:54 pm

Can't argue with that--the human mortality rate is still 100 %. Too bad the market isn't that predictable.

livesoft
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Re: We're all going to die!!!

Post by livesoft » Thu Sep 25, 2014 12:57 pm

I thought there was a thread that already took care of this for us.
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poker27
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Re: We're all going to die!!!

Post by poker27 » Thu Sep 25, 2014 12:58 pm

I normally turn on CNBC for a few minutes when I work from home. You always have predictors on there saying these companies will outshine these and so on. I never really thought about how humorous this was until I joined BH.

22twain
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Re: We're all going to die!!!

Post by 22twain » Thu Sep 25, 2014 1:09 pm

My 403(b) contributions will probably arrive in my account today, so I'm glad to get a slight discount per share on the stock fund in it.
My investing princiPLEs do not include absolutely preserving princiPAL.

ResearchMed
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Re: We're all going to die!!!

Post by ResearchMed » Thu Sep 25, 2014 1:12 pm

And this is the WORST DAY SINCE JULY!!!!!!!!!!!

Let's see... using my abacus and counting on fingers and toes... that is TWO MONTHS AGO!

OMG!

RM
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Logan T
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Re: We're all going to die!!!

Post by Logan T » Thu Sep 25, 2014 1:12 pm

Dtort wrote:Isn't that supposed to be spelled "B-U-Y"?
+1

I bought about $10k worth of ETFs this morning. Unfortunately I didn't wait long enough since they have just been dropping since...
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Bustoff
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Re: We're all going to die!!!

Post by Bustoff » Thu Sep 25, 2014 1:19 pm

technovelist wrote:The S&P 500 is down 1.3%!!!! :greedy
Since friday, VTI down 3% and VXUS down 3.5%

Maybe time for some opportunistic re-balancing.
Last edited by Bustoff on Thu Sep 25, 2014 1:23 pm, edited 1 time in total.

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zhiwiller
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Re: We're all going to die!!!

Post by zhiwiller » Thu Sep 25, 2014 1:21 pm

The price is back to what it was a month ago. Still up 6% of so YTD?

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oldzey
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Re: We're all going to die!!!

Post by oldzey » Thu Sep 25, 2014 1:36 pm

"The broker said the stock was 'poised to move.' Silly me, I thought he meant up." ― Randy Thurman

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Trevor
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Re: We're all going to die!!!

Post by Trevor » Thu Sep 25, 2014 1:41 pm

yahoo finance and all that other noise is going to have a field day with this. It's the big correction, everybody panic!!!



Case in point:
http://www.cnbc.com/id/102032946


"TOXIC FACTORS" ?!?! Time to abandon ship ! :P
WWJD - What Would Jack Do?

LRonHalfelven
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Re: We're all going to die!!!

Post by LRonHalfelven » Thu Sep 25, 2014 1:45 pm

Anyone who's read Siegel (Stocks for the Long Run) and Keynes ("In the long run, we're all dead") already knows that.
"If you change your strategy frequently you don't really have one." --Garry Kasparov

technovelist
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Re: We're all going to die!!!

Post by technovelist » Thu Sep 25, 2014 1:48 pm

Trevor wrote:yahoo finance and all that other noise is going to have a field day with this. It's the big correction, everybody panic!!!



Case in point:
http://www.cnbc.com/id/102032946


"TOXIC FACTORS" ?!?! Time to abandon ship ! :P
Yes, this is obviously the reason!

"Traders pointed to no one reason but said a morning story on a Russian draft law that would allow the seizure of foreign assets made the rounds on bond and stock desks, as equities selling accelerated."
In theory, theory and practice are identical. In practice, they often differ.

FinancialDave
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Re: We're all going to die!!!

Post by FinancialDave » Thu Sep 25, 2014 1:50 pm

Can't really add anything but my:

:sharebeer
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chaz
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Re: We're all going to die!!!

Post by chaz » Thu Sep 25, 2014 2:01 pm

FinancialDave wrote:Can't really add anything but my:

:sharebeer
+1. :sharebeer
Chaz | | “Money is better than poverty, if only for financial reasons." Woody Allen | | http://www.bogleheads.org/wiki/index.php/Main_Page

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jimb_fromATL
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Re: We're all going to die!!!

Post by jimb_fromATL » Thu Sep 25, 2014 2:04 pm

technovelist wrote:The S&P 500 is down 1.3%!!!! :greedy
Best just not to look at the data every day.

Since 1950 there have been over 1000 days that were as bad or worse. Here are the 100 worst days since 1950:

Code: Select all

                     date	     close	   %change
 Black Mon, Oct, 19, 1987	    224.84	   -20.47%
       Wed, Oct, 15, 2008	    907.84	    -9.04%
       Mon, Dec, 01, 2008	    816.21	    -8.93%
       Mon, Sep, 29, 2008	   1106.42	    -8.81%
       Mon, Oct, 26, 1987	    227.67	    -8.28%
       Thu, Oct, 09, 2008	    909.92	    -7.62%
       Mon, Oct, 27, 1997	    876.99	    -6.87%
       Mon, Aug, 31, 1998	    957.28	     -6.8%
       Fri, Jan, 08, 1988	    243.40	    -6.77%
       Thu, Nov, 20, 2008	    752.44	    -6.71%
       Mon, May, 28, 1962	     55.50	    -6.68%
       Mon, Aug, 08, 2011	   1119.46	    -6.66%
       Mon, Sep, 26, 1955	     42.61	    -6.62%
       Fri, Oct, 13, 1989	    333.65	    -6.12%
       Wed, Nov, 19, 2008	    806.58	    -6.12%
       Wed, Oct, 22, 2008	    896.78	     -6.1%
       Fri, Apr, 14, 2000	   1356.56	    -5.83%
       Tue, Oct, 07, 2008	    996.23	    -5.74%
       Mon, Jun, 26, 1950	     18.11	    -5.38%
       Tue, Jan, 20, 2009	    805.22	    -5.28%
       Wed, Nov, 05, 2008	    952.77	    -5.27%
       Wed, Nov, 12, 2008	    852.30	    -5.19%
       Fri, Oct, 16, 1987	    282.70	    -5.16%
       Thu, Nov, 06, 2008	    904.88	    -5.03%
       Mon, Sep, 17, 2001	   1038.77	    -4.92%
       Tue, Feb, 10, 2009	    827.16	    -4.91%
       Thu, Sep, 11, 1986	    235.18	    -4.81%
       Thu, Aug, 04, 2011	   1200.07	    -4.78%
       Wed, Sep, 17, 2008	   1156.39	    -4.71%
       Mon, Sep, 15, 2008	   1192.70	    -4.71%
       Mon, Mar, 02, 2009	    700.82	    -4.66%
       Tue, Feb, 17, 2009	    789.17	    -4.56%
       Thu, Aug, 18, 2011	   1140.65	    -4.46%
       Wed, Aug, 10, 2011	   1120.76	    -4.42%
       Thu, Apr, 14, 1988	    259.75	    -4.36%
       Mon, Mar, 12, 2001	   1180.16	    -4.32%
       Mon, Apr, 20, 2009	    832.39	    -4.28%
       Thu, Mar, 05, 2009	    682.55	    -4.25%
       Mon, Nov, 30, 1987	    230.30	    -4.18%
       Fri, Nov, 14, 2008	    873.29	    -4.17%
       Tue, Sep, 03, 2002	    878.02	    -4.15%
       Thu, Oct, 02, 2008	   1114.28	    -4.03%
       Mon, Oct, 25, 1982	    133.32	    -3.97%
       Thu, Oct, 22, 1987	    248.25	    -3.92%
       Thu, May, 20, 2010	   1071.59	     -3.9%
       Mon, Oct, 06, 2008	   1056.89	    -3.85%
       Thu, Aug, 27, 1998	   1042.59	    -3.84%
       Fri, Jul, 19, 2002	    847.75	    -3.84%
       Tue, Jan, 04, 2000	   1399.42	    -3.83%
       Mon, Sep, 22, 2008	   1207.09	    -3.82%
       Thu, Jun, 29, 1950	     17.44	     -3.7%
       Mon, Nov, 18, 1974	     69.27	    -3.67%
       Wed, Nov, 09, 2011	   1229.10	    -3.67%
       Fri, Nov, 15, 1991	    382.62	    -3.66%
       Tue, Aug, 04, 1998	   1072.12	    -3.62%
       Tue, Apr, 18, 1961	     66.20	    -3.61%
       Mon, Jun, 04, 1962	     57.27	    -3.55%
       Thu, Dec, 03, 1987	    225.21	    -3.53%
       Mon, Mar, 24, 2003	    864.23	    -3.52%
       Mon, Mar, 30, 2009	    787.53	    -3.48%
       Tue, Feb, 27, 2007	   1399.04	    -3.47%
       Mon, Feb, 23, 2009	    743.33	    -3.47%
       Fri, Oct, 24, 2008	    876.77	    -3.45%
       Fri, Jun, 04, 2010	   1064.88	    -3.44%
       Tue, Apr, 03, 2001	   1106.46	    -3.44%
       Mon, Aug, 05, 2002	    834.60	    -3.43%
       Tue, Sep, 09, 2008	   1224.51	    -3.41%
       Wed, Jul, 10, 2002	    920.47	     -3.4%
       Mon, Dec, 04, 1950	     19.00	    -3.36%
       Wed, Jan, 14, 2009	    842.62	    -3.35%
       Thu, Jan, 29, 2009	    845.14	    -3.31%
       Mon, Jul, 22, 2002	    819.85	    -3.29%
       Thu, May, 06, 2010	   1128.15	    -3.24%
       Fri, Sep, 27, 2002	    827.37	    -3.23%
       Tue, Feb, 05, 2008	   1336.64	     -3.2%
       Thu, Sep, 22, 2011	   1129.56	    -3.19%
       Mon, Oct, 27, 2008	    848.92	    -3.18%
       Wed, Dec, 20, 2000	   1264.74	    -3.13%
       Thu, Feb, 04, 2010	   1063.11	    -3.11%
       Thu, Sep, 20, 2001	    984.54	    -3.11%
       Tue, Jun, 29, 2010	   1041.24	     -3.1%
       Mon, Feb, 09, 1953	     25.69	    -3.09%
       Fri, Jun, 06, 2008	   1360.68	    -3.09%
       Fri, Mar, 08, 1996	    633.50	    -3.08%
       Tue, Oct, 21, 2008	    955.05	    -3.08%
       Mon, Jul, 07, 1986	    244.05	    -3.07%
       Tue, Nov, 28, 1950	     19.56	    -3.07%
       Mon, Jul, 08, 1974	     81.09	    -3.07%
       Mon, Jun, 22, 2009	    893.04	    -3.06%
       Mon, Nov, 19, 1973	    100.71	    -3.05%
       Wed, Sep, 30, 1998	   1017.01	    -3.05%
       Fri, Feb, 18, 2000	   1346.09	    -3.04%
       Mon, Aug, 06, 1990	    334.43	    -3.02%
       Thu, Oct, 01, 1998	    986.39	    -3.01%
       Mon, Mar, 17, 1980	    102.26	    -3.01%
       Thu, Sep, 19, 2002	    843.32	    -3.01%
       Wed, Jan, 07, 2009	    906.65	      -3.%
       Thu, Aug, 23, 1990	    307.06	      -3.%
       Thu, Sep, 04, 2008	   1236.83	    -2.99%
       Fri, Jan, 09, 1998	    927.69	    -2.97%
jimb

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dumbbunny
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Re: We're all going to die!!!

Post by dumbbunny » Thu Sep 25, 2014 2:06 pm

technovelist wrote:The S&P 500 is down 1.3%!!!! :greedy
I'm jumping out the window. Good thing I live in a single level house.
“It’s the curse of old men to realize that in the end we control nothing." "Homeland" episode, "Gerontion"

technovelist
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Re: We're all going to die!!!

Post by technovelist » Thu Sep 25, 2014 2:08 pm

I started a new job on Black Monday 1987, so I remember it well. :mrgreen:
In theory, theory and practice are identical. In practice, they often differ.

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backpacker
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Re: We're all going to die!!!

Post by backpacker » Thu Sep 25, 2014 2:08 pm

The S&P is now up only 8% for the year instead of 10%! AAAAHHHHHHH!!!!

mptness
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Re: We're all going to die!!!

Post by mptness » Thu Sep 25, 2014 2:31 pm

jimb_fromATL wrote:Since 1950 there have been over 1000 days that were as bad or worse.
I think we had 5 this year, and I for one am still alive (by coincidence only).

technovelist
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Re: We're all going to die!!!

Post by technovelist » Thu Sep 25, 2014 2:35 pm

mptness wrote:
jimb_fromATL wrote:Since 1950 there have been over 1000 days that were as bad or worse.
I think we had 5 this year, and I for one am still alive (by coincidence only).
Isn't that just a case of survivorship bias? :mrgreen:
In theory, theory and practice are identical. In practice, they often differ.

Jack FFR1846
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Re: We're all going to die!!!

Post by Jack FFR1846 » Thu Sep 25, 2014 2:45 pm

And here I just sold all of my 401k stock fund to buy 401k bond fund to rebalance.

I feel like a market timer now. Can I still stay here?
Last edited by Jack FFR1846 on Thu Sep 25, 2014 2:51 pm, edited 1 time in total.
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island
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Re: We're all going to die!!!

Post by island » Thu Sep 25, 2014 2:49 pm

I should be killed just for opening yet another post like this. :oops:

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Kenkat
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Re: We're all going to die!!!

Post by Kenkat » Thu Sep 25, 2014 2:50 pm

We are. And that's why the S&P 500 being down 1.3% is really not too important in the overall scheme of things.

LRDave
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Re: We're all going to die!!!

Post by LRDave » Thu Sep 25, 2014 2:58 pm

It's that reverse-double-flickering candle thingie I tell ya! :D

111
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Re: We're all going to die!!!

Post by 111 » Thu Sep 25, 2014 3:02 pm

I just realized that a nice benefit of having your portfolio split between 2 accounts with equities in one and bonds in the other is that pretty much everyday one of them will be green.

It's kind of nice psychologically when I hear people/news talking about how bad the market is doing to look at my bond account and see that it's up. And, on days when an index hits a new record high I can then look at my stock account and see how well I'm doing.

I guess maybe it's self-delusion, but I guess that's the best kind. :P At any rate, it seems to help me "stay the course".

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tadamsmar
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Re: We're all going to die!!!

Post by tadamsmar » Thu Sep 25, 2014 3:06 pm

Jobless claims were lower than expected, according to the media.

By that logic, if more are not fired then the market is going to have a correction.

John3754
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Re: [S&P is down 1.3% !!!]

Post by John3754 » Thu Sep 25, 2014 3:11 pm

zzzzzzzzzzzzzzzzzz...

core4portfolio
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Re: [S&P is down 1.3% !!!]

Post by core4portfolio » Thu Sep 25, 2014 3:15 pm

If tomorrow is down again, its time to buy some VTSAX :)
I wish it should be up.... who knows
Allocation : 80/20 (80% TSM, 20% TBM) | Need to learn fishing sooner

Sidney
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Re: [S&P is down 1.3% !!!]

Post by Sidney » Thu Sep 25, 2014 3:17 pm

net of yesterday's gain?
I always wanted to be a procrastinator.

technovelist
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Re: We're all going to die!!!

Post by technovelist » Thu Sep 25, 2014 3:22 pm

111 wrote:I just realized that a nice benefit of having your portfolio split between 2 accounts with equities in one and bonds in the other is that pretty much everyday one of them will be green.

It's kind of nice psychologically when I hear people/news talking about how bad the market is doing to look at my bond account and see that it's up. And, on days when an index hits a new record high I can then look at my stock account and see how well I'm doing.

I guess maybe it's self-delusion, but I guess that's the best kind. :P At any rate, it seems to help me "stay the course".
That works even better with the HBPP. :beer
In theory, theory and practice are identical. In practice, they often differ.

LongerPrimer
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Re: [S&P is down 1.3% !!!]

Post by LongerPrimer » Thu Sep 25, 2014 3:26 pm

Sold some winners and losers on Monday. This week is essentially end of quarter and next week (end of Sept, beginning Oct) will be repositioning week. Friday will be a down day. IMO

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Houston101
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Re: [S&P is down 1.3% !!!]

Post by Houston101 » Thu Sep 25, 2014 3:42 pm

For me the only time for excitement are:

1) Market falls significantly

2) Dividends are announced

:D

staythecourse
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Re: [S&P is down 1.3% !!!]

Post by staythecourse » Thu Sep 25, 2014 3:49 pm

Maybe a good time to remember even after the worst investing day in recent memory (1987 crash) the market ended up +5% by the end of that year.

Great line from Mr. Bogle: "When everyone is doing something the best thing is to stand still and do nothing". Or something to that effect.

Good luck.
"The stock market [fluctuation], therefore, is noise. A giant distraction from the business of investing.” | -Jack Bogle

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dbCooperAir
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Re: [S&P is down 1.3% !!!]

Post by dbCooperAir » Thu Sep 25, 2014 3:50 pm

technovelist wrote:The S&P 500 is down 1.3%!!!! :greedy

It may be time to update the following thread!
http://www.bogleheads.org/forum/viewtop ... &start=800

I was looking for the above thread to be bumped!
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-

whomever
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Re: [S&P is down 1.3% !!!]

Post by whomever » Thu Sep 25, 2014 3:55 pm

...the human mortality rate is still 100 %...
Not true! It's only 94%, according to the best available evidence:

http://www.scientificamerican.com/artic ... mber-dead/

:-)

technovelist
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Re: [S&P is down 1.3% !!!]

Post by technovelist » Thu Sep 25, 2014 4:05 pm

whomever wrote:
...the human mortality rate is still 100 %...
Not true! It's only 94%, according to the best available evidence:

http://www.scientificamerican.com/artic ... mber-dead/

:-)
Ok, then I retract my original title. :D
In theory, theory and practice are identical. In practice, they often differ.

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Re: We're all going to die!!!

Post by TomatoTomahto » Thu Sep 25, 2014 4:07 pm

LRDave wrote:It's that reverse-double-flickering candle thingie I tell ya! :D
:sharebeer
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Browser
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Re: [S&P is down 1.3% !!!]

Post by Browser » Thu Sep 25, 2014 4:21 pm

If there is anything you wouldn't lust to buy today in order to rebalance, then you should immediately SELL it. e.g. Time to get rid of that tilty factor stuff?
We don't know where we are, or where we're going -- but we're making good time.

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Re: [S&P is down 1.3% !!!]

Post by leonidas » Thu Sep 25, 2014 4:44 pm

I don't get too worked up over 1-2% daily moves. If these days make you nervous you may want to re-evalutes your equity position.
If the market moves another 3 or 4% will move a bit of bond money over but will try to keep my head.

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Re: [S&P is down 1.3% !!!]

Post by tennisplyr » Thu Sep 25, 2014 4:48 pm

If this bothers you you've learned nothing in this forum 🙈🙉🙊
Those who move forward with a happy spirit will find that things always work out.

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Re: [S&P is down 1.3% !!!]

Post by technovelist » Thu Sep 25, 2014 4:51 pm

I just thought it was a custom to have a hysterical post whenever the stock market didn't go up for a day, so I was contributing my share. :confused
In theory, theory and practice are identical. In practice, they often differ.

dgdevil
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Re: [S&P is down 1.3% !!!]

Post by dgdevil » Thu Sep 25, 2014 5:38 pm

The same people laughing too smugly and loudly at this 1.3% dip -- and it will get steeper -- are the same ones who have conniptions about expense ratios that are slightly higher than Vanguard's. A bit of a disconnect there.

madbrain
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Re: [S&P is down 1.3% !!!]

Post by madbrain » Thu Sep 25, 2014 6:17 pm

dgdevil wrote:The same people laughing too smugly and loudly at this 1.3% dip -- and it will get steeper -- are the same ones who have conniptions about expense ratios that are slightly higher than Vanguard's. A bit of a disconnect there.
Not really a disconnect - we can reliably do something about choosing funds with low expense ratios - but we can't really reliably do anything about daily drops.
At least I don't have a time machine to anticipate them, so I can't.

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