U.S. stocks in freefall

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Bastiat
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Re: U.S. stocks in freefall

Post by Bastiat » Fri Feb 02, 2018 11:12 pm

Bwlonge wrote:
Fri Feb 02, 2018 10:17 pm
If you bought a 500 fund at the S&P500 peak in 2000, and you had the intention of holding, you wouldn't start making money on it until 2013.

Tell me why I should put money in now on an insane looking peak, amidst deregulation, growing income inequality, and growing interest rates...

In other words, tell me why I shouldn't take out the few thousand I put in a month ago before it goes red, and put it in a high interest savings account, or pay off the rest of my student loans @ 5.5%.

I feel fine about my retirement account, but the things I mentioned have me thinking maybe this particular set of monies would look better on conservative, guaranteed moves.
Tell me what evidence you have that any of the things you mention portend negative stock returns.

There is absolutely consideration for paying off those student loans; as mentioned, 5.5% is a good guaranteed return, but without a fuller picture of your situation we can't tell for sure if that's the best course. (That's for another thread)

Someone who bought in late Feb last year at an "insane looking peak" has done very well in only a short period of time. The point is no one knows the future - what we do know is that trying to market time based on the factors that you specifically bring up (or any others) is losing prospect.

What I can also tell you is that if you're starting to freak out about a 2% decline, and thinking about withdrawing money - particularly when the market is still above levels seen just a few weeks ago - you aren't of a frame of mind to handle any sort of actual decline or bear market. This is nothing. I'd suggest doing a lot of reading and also revisiting your Asset Allocation.

limeyx
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Re: U.S. stocks in freefall

Post by limeyx » Fri Feb 02, 2018 11:46 pm

ImmigrantSaver wrote:
Fri Feb 02, 2018 5:57 pm
limeyx wrote:
Fri Feb 02, 2018 4:52 pm
ImmigrantSaver wrote:
Fri Feb 02, 2018 10:55 am
lostdog wrote:
Fri Feb 02, 2018 10:38 am
RBD today?
Good question. I have 2k to put in between now and the end of February (50/50 VXUS and VBR as I am underweight in both). Do I do it now or do I wait.. Decisions decisions..
I have some to put in too. Probably moanday
I pulled the trigger today. That means it will keep going down on Monday. You are welcome! :beer
I just put in a bunch of buy orders for Monday. So ... of course it will keep going down :)

Finally sold off all the individual stocks my previous FA had got us into ... was waiting for them to get to long term which they did 1/24
Surprising how painful it is to sell off stocks that are actually up (AAPL, AMZN, GOOGL) ... but it was the right thing to do (rebalancing some into bonds, but most back into to index funds)

Finally all indidivual stocks are done with and no plans to buy anymore !!

fennewaldaj
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Re: U.S. stocks in freefall

Post by fennewaldaj » Sat Feb 03, 2018 12:34 am

columbia wrote:
Fri Feb 02, 2018 10:57 pm
Note that I own ~ 25% international:

International plunged just as much today. That global diversification thing doesn’t always play out in the way some want it to.
I wouldn't expect it to help over short periods much. I think it helps you more over long periods. A classic example would be 2000-2009. International fell more or less the same in both bear markets but the cumulative return over the decade ended up being higher for international.

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Doom&Gloom
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Re: U.S. stocks in freefall

Post by Doom&Gloom » Sat Feb 03, 2018 1:30 am

TSquare wrote:
Fri Feb 02, 2018 4:24 pm
I want to make a comment but I'm very superstitious and don't want to jinx us all!
It's bad luck to be superstitious, silly!

madbrain
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Re: U.S. stocks in freefall

Post by madbrain » Sat Feb 03, 2018 1:32 am

RRAAYY3 wrote:
Fri Feb 02, 2018 5:00 pm
Brutal; market hasn’t been this low since January 10th, 2018.

How are you guys breaking the news to loved ones?
Did something happen today ? I didn't even think to mention it over dinner. Had lamb and pearl couscous, and a nice bordeaux at home - typical meal for me.

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willthrill81
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Re: U.S. stocks in freefall

Post by willthrill81 » Sat Feb 03, 2018 1:39 am

Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

madbrain
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Re: U.S. stocks in freefall

Post by madbrain » Sat Feb 03, 2018 1:59 am

willthrill81 wrote:
Sat Feb 03, 2018 1:39 am
Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
My end-of-jan 401k contributions just purchased shares on friday. I feel good about it.

Crushtheturtle
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Re: U.S. stocks in freefall

Post by Crushtheturtle » Sat Feb 03, 2018 2:23 am

madbrain wrote:
Sat Feb 03, 2018 1:59 am
willthrill81 wrote:
Sat Feb 03, 2018 1:39 am
Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
My end-of-jan 401k contributions just purchased shares on friday. I feel good about it.
Same here. Ask me later though, if this turns into a 20+% pullback. :shock:

Darn you, emotions! Darn you to heck!

limeyx
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Re: U.S. stocks in freefall

Post by limeyx » Sat Feb 03, 2018 2:46 am

madbrain wrote:
Sat Feb 03, 2018 1:32 am
RRAAYY3 wrote:
Fri Feb 02, 2018 5:00 pm
Brutal; market hasn’t been this low since January 10th, 2018.

How are you guys breaking the news to loved ones?
Did something happen today ? I didn't even think to mention it over dinner. Had lamb and pearl couscous, and a nice bordeaux at home - typical meal for me.
Yum, I love lamb ... you are giving me ideas

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BuyAndHoldOn
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Re: U.S. stocks in freefall

Post by BuyAndHoldOn » Sat Feb 03, 2018 6:01 am

Crushtheturtle wrote:
Sat Feb 03, 2018 2:23 am
madbrain wrote:
Sat Feb 03, 2018 1:59 am
willthrill81 wrote:
Sat Feb 03, 2018 1:39 am
Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
My end-of-jan 401k contributions just purchased shares on friday. I feel good about it.
Same here. Ask me later though, if this turns into a 20+% pullback. :shock:

Darn you, emotions! Darn you to heck!

Same here. I bought TWICE yesterday. Maybe more, depending on when 401k/HSA contributions got invested.

....and how long can the market stay irrational, relative to my ability to stay liquid? I forget :confused

Emotions make things harder, for sure. FOMO on Friday; regret by next week?

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market timer
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Re: U.S. stocks in freefall

Post by market timer » Sat Feb 03, 2018 6:22 am

willthrill81 wrote:
Sat Feb 03, 2018 1:39 am
Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
No, I'm still on the sidelines. If this becomes a 15-20% correction, and VIX goes to 30+, I'll probably start selling some puts. Until then, I'm looking forward to seeing my interest income from cash go up 2-3x.

BogleMelon
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Re: U.S. stocks in freefall

Post by BogleMelon » Sat Feb 03, 2018 7:28 am

I am going to beat "the market".. I will be smarter than the crowd.. I am staying on course! :beer
"One of the funny things about stock market, every time one is buying another is selling, and both think they are astute" - William Feather

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AtlasShrugged?
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Re: U.S. stocks in freefall

Post by AtlasShrugged? » Sat Feb 03, 2018 7:42 am

Just for fun, I downloaded my 401K purchase history from 1/1/2008 through 12/31/2010. Lo and behold, I was a buyer all the way through! [albeit, at a low level - this was way before I became an informed Boglehead]

There is no reason I can think of not to 'stay the course'. Now, I have to admit....being up 2% for the year instead of 6% takes a little wind out of the sails. :oops:
“If you don't know, the thing to do is not to get scared, but to learn.”

RRAAYY3
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Re: U.S. stocks in freefall

Post by RRAAYY3 » Sat Feb 03, 2018 7:49 am

Pretty sure all global fundamentals / economies are still in excellent shape and this was simply the herd mentality / overreaction to something everyone should’ve known was happening in 2018 - interest rates increasing. Likely a combo of that, bond’s “crashing”, and people taking some off the top of January’s run.

It seems like a “rough week” but only because of January’s ridiculous run - which was so big that if you invested early January you’re still up for 2018 even after this “meltdown”

On the bright side - bought Int’l at a discount and I’m closer to my target AA way sooner than I expected - and I get paid next week so feel free to drop another %1 or 2 (then it can go back up - can’t handle the hysteria)

azanon
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Re: U.S. stocks in freefall

Post by azanon » Sat Feb 03, 2018 7:57 am

ResearchMed wrote:
Fri Feb 02, 2018 5:24 pm
azanon wrote:
Fri Feb 02, 2018 5:21 pm
RRAAYY3 wrote:
Fri Feb 02, 2018 5:19 pm
jebmke wrote:
Fri Feb 02, 2018 5:15 pm
Wow, worst week since ..... 2016

Washington Post Headline
Dow drops 666 points and posts its worst week since 2016
The drop in “points” is skewing the severity ... Dow at all time highs - 600 points is not a big deal

Dow at 1,000 - a 600 point drop = end of civilization
marked dropped ~ 89% from top to bottom from 29'-32'. We came out ok.
Er, not everyone "came out ok"...

RM
We was used as a pronoun for civilization.

ResearchMed
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Re: U.S. stocks in freefall

Post by ResearchMed » Sat Feb 03, 2018 8:09 am

azanon wrote:
Sat Feb 03, 2018 7:57 am
ResearchMed wrote:
Fri Feb 02, 2018 5:24 pm
azanon wrote:
Fri Feb 02, 2018 5:21 pm
RRAAYY3 wrote:
Fri Feb 02, 2018 5:19 pm
jebmke wrote:
Fri Feb 02, 2018 5:15 pm
Wow, worst week since ..... 2016

Washington Post Headline

The drop in “points” is skewing the severity ... Dow at all time highs - 600 points is not a big deal

Dow at 1,000 - a 600 point drop = end of civilization
marked dropped ~ 89% from top to bottom from 29'-32'. We came out ok.
Er, not everyone "came out ok"...

RM
It wasn't the "end of civilization", just stated directly. We all together now?
Not really.

It was the total end to some people's lifestyle, security, and many dinners, and for a very long time.
Some people did not "recover" financially, not at all, ever.
The desperate poverty remained, for the rest of their lives.
Children grew up going to bed hungry, for years. (Probably the adults too, but that's not what was/is talked about, remembered, especially by those who were those children.)
There weren't the same safety nets. Actually, no safety nets at all, for many.

*Some* came out "okay".
Others? Not so much, or not at all.

RM
This signature is a placebo. You are in the control group.

cutterinnj
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Re: U.S. stocks in freefall

Post by cutterinnj » Sat Feb 03, 2018 8:15 am

Nice little drop yesterday. I put a few G's in VTSAX. Will do the same when it falls some more. Like buying at a discount.

azanon
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Re: U.S. stocks in freefall

Post by azanon » Sat Feb 03, 2018 8:16 am

ResearchMed wrote:
Sat Feb 03, 2018 8:09 am
azanon wrote:
Sat Feb 03, 2018 7:57 am
ResearchMed wrote:
Fri Feb 02, 2018 5:24 pm
azanon wrote:
Fri Feb 02, 2018 5:21 pm
RRAAYY3 wrote:
Fri Feb 02, 2018 5:19 pm


The drop in “points” is skewing the severity ... Dow at all time highs - 600 points is not a big deal

Dow at 1,000 - a 600 point drop = end of civilization
marked dropped ~ 89% from top to bottom from 29'-32'. We came out ok.
Er, not everyone "came out ok"...

RM
It wasn't the "end of civilization", just stated directly. We all together now?
Not really.

It was the total end to some people's lifestyle, security, and many dinners, and for a very long time.
Some people did not "recover" financially, not at all, ever.
The desperate poverty remained, for the rest of their lives.
Children grew up going to bed hungry, for years. (Probably the adults too, but that's not what was/is talked about, remembered, especially by those who were those children.)
There weren't the same safety nets. Actually, no safety nets at all, for many.

*Some* came out "okay".
Others? Not so much, or not at all.

RM
I was disputing the claim that a 60% drop on the dow (from 1000 to 400) would cause the end of civilization because an 89% drop did not cause the end of our civilization. I'm sorry you found the exchange confusing, but hopefully my restating it overtly has cleared up the confusion.

ResearchMed
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Re: U.S. stocks in freefall

Post by ResearchMed » Sat Feb 03, 2018 8:30 am

azanon wrote:
Sat Feb 03, 2018 8:16 am
ResearchMed wrote:
Sat Feb 03, 2018 8:09 am
azanon wrote:
Sat Feb 03, 2018 7:57 am
ResearchMed wrote:
Fri Feb 02, 2018 5:24 pm
azanon wrote:
Fri Feb 02, 2018 5:21 pm


marked dropped ~ 89% from top to bottom from 29'-32'. We came out ok.
Er, not everyone "came out ok"...

RM
It wasn't the "end of civilization", just stated directly. We all together now?
Not really.

It was the total end to some people's lifestyle, security, and many dinners, and for a very long time.
Some people did not "recover" financially, not at all, ever.
The desperate poverty remained, for the rest of their lives.
Children grew up going to bed hungry, for years. (Probably the adults too, but that's not what was/is talked about, remembered, especially by those who were those children.)
There weren't the same safety nets. Actually, no safety nets at all, for many.

*Some* came out "okay".
Others? Not so much, or not at all.

RM
I was disputing the claim that a 60% drop on the dow (from 1000 to 400) would cause the end of civilization because an 89% drop did not cause the end of our civilization. I'm sorry you found the exchange confusing, but hopefully my restating it overtly has cleared up the confusion.
Confusing?

Not at all.

Just because it isn't "the end of civilization" doesn't mean that everyone ended up fine (and that perspective still ignores the "ride", which shouldn't be ignored).

But if "it wasn't the end of civilization" is your metric, then... sure.
But that certainly is *not* our metric!
We surely do care that *we* "end up okay", very specifically, and not in a "barely subsistence" way.

Also, I guess I missed the part where others were making claims that the market drops would actually lead to the end of civilization...
And I doubt that's what most here are posting about.

RM
This signature is a placebo. You are in the control group.

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ruralavalon
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Re: U.S. stocks in freefall

Post by ruralavalon » Sat Feb 03, 2018 8:39 am

4ransom wrote:
Fri Feb 02, 2018 4:57 pm
Not time to dig out the PLAN B yet.
Vanguard Total Stock Market Index Fund Admiral Shares (VTSAX) is up 3.13% Year to Date.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Re: U.S. stocks in freefall

Post by oldcomputerguy » Sat Feb 03, 2018 8:55 am

RRAAYY3 wrote:
Sat Feb 03, 2018 7:49 am
Pretty sure all global fundamentals / economies are still in excellent shape and this was simply the herd mentality / overreaction to something everyone should’ve known was happening in 2018 - interest rates increasing. Likely a combo of that, bond’s “crashing”, and people taking some off the top of January’s run.
Reportedly the VIX is up as well, which indicates at least some loss of investor confidence.
It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. And if you’re smart, surround yourself with smart people who disagree with you.

hightower
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Re: U.S. stocks in freefall

Post by hightower » Sat Feb 03, 2018 9:05 am

Wake me up when VTI hits $100/share. This is nothing, but I hope it turns into a big time bear market. I'm young and need to buy a lot of shares.

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willthrill81
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Re: U.S. stocks in freefall

Post by willthrill81 » Sat Feb 03, 2018 10:40 am

RRAAYY3 wrote:
Sat Feb 03, 2018 7:49 am
Pretty sure all global fundamentals / economies are still in excellent shape and this was simply the herd mentality / overreaction to something everyone should’ve known was happening in 2018 - interest rates increasing. Likely a combo of that, bond’s “crashing”, and people taking some off the top of January’s run.
That's my interpretation as well. I suspect that Friday cleared out some of the most fearful of the nervous nellies, though we may see more of that on Monday too.

The fundamentals and leading indicators are all still rock solid, and I see nothing from my vantage point that indicates that this bull is done yet.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings

sreynard
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Re: U.S. stocks in freefall

Post by sreynard » Sat Feb 03, 2018 11:29 am

Bwlonge wrote:
Fri Feb 02, 2018 10:17 pm
If you bought a 500 fund at the S&P500 peak in 2000, and you had the intention of holding, you wouldn't start making money on it until 2013.

Tell me why I should put money in now on an insane looking peak, amidst deregulation, growing income inequality, and growing interest rates...

In other words, tell me why I shouldn't take out the few thousand I put in a month ago before it goes red, and put it in a high interest savings account, or pay off the rest of my student loans @ 5.5%.

I feel fine about my retirement account, but the things I mentioned have me thinking maybe this particular set of monies would look better on conservative, guaranteed moves.
Because I didn't have $800,000 to put in the S&P500 in 2000. All I had was $600 every payday. Now I do.

sreynard
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Re: U.S. stocks in freefall

Post by sreynard » Sat Feb 03, 2018 11:43 am

Crushtheturtle wrote:
Sat Feb 03, 2018 2:23 am
madbrain wrote:
Sat Feb 03, 2018 1:59 am
willthrill81 wrote:
Sat Feb 03, 2018 1:39 am
Here's a question for all those who have been lamenting about not wanting to invest in stocks "at all time highs."

Now that the market has retreated a little, will you now feel better about buying into it?
My end-of-jan 401k contributions just purchased shares on friday. I feel good about it.
Same here. Ask me later though, if this turns into a 20+% pullback. :shock:

Darn you, emotions! Darn you to heck!
A 20% pullback would be a real quandary for me. I cut my 401K contributions back to a little above the company match to help pay off the house faster, but If the market goes back to January '17 levels, or lower, I'll have to rethink that.

Speaking of emotions. It was a curious feeling checking my account balances last night. Listening to the radio yesterday several people called in telling how much their first paycheck had increased from the tax cut. Looking at the Quicken screen, I realized that, if my take home is close to those callers, I just lost about five years worth of tax cut benefit yesterday.

RRAAYY3
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Re: U.S. stocks in freefall

Post by RRAAYY3 » Sat Feb 03, 2018 12:52 pm

oldcomputerguy wrote:
Sat Feb 03, 2018 8:55 am
RRAAYY3 wrote:
Sat Feb 03, 2018 7:49 am
Pretty sure all global fundamentals / economies are still in excellent shape and this was simply the herd mentality / overreaction to something everyone should’ve known was happening in 2018 - interest rates increasing. Likely a combo of that, bond’s “crashing”, and people taking some off the top of January’s run.
Reportedly the VIX is up as well, which indicates at least some loss of investor confidence.
Good - get rid of all the performance chasers. I enjoyed the sale yesterday, prepared to double down on Monday as well

I don’t think this bull is anywhere near done

EnjoyIt
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Re: U.S. stocks in freefall

Post by EnjoyIt » Sat Feb 03, 2018 12:56 pm

Bwlonge wrote:
Fri Feb 02, 2018 10:17 pm
If you bought a 500 fund at the S&P500 peak in 2000, and you had the intention of holding, you wouldn't start making money on it until 2013.

Tell me why I should put money in now on an insane looking peak, amidst deregulation, growing income inequality, and growing interest rates...

In other words, tell me why I shouldn't take out the few thousand I put in a month ago before it goes red, and put it in a high interest savings account, or pay off the rest of my student loans @ 5.5%.

I feel fine about my retirement account, but the things I mentioned have me thinking maybe this particular set of monies would look better on conservative, guaranteed moves.
2 comments
1) At a loan of 5.5% you should either refinance ASAP or look at paying it off instead of investing in a taxable account. So I agree with you.

2) The S&P peaked many many times in the 1990s before it hit the peak you allude to in 2000. How is an investor to know which one of those peaks is the top and it is time to sell? Just like today, was the peak in January 2018 the last peak or do we have many more peaks ahead of us?

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Leif
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Re: U.S. stocks in freefall

Post by Leif » Sat Feb 03, 2018 1:14 pm

jhfenton wrote:
Fri Feb 02, 2018 9:21 pm

I'm all the way back to January 3rd or 4th! :oops: I haven't looked at our individual holdings, but it's probably because of our hefty international stake. :beer
I checked my portfolio history. I'm back to last year. Lowest since 12/29/17. So much for 2018.
Investors should diversify across many asset-classes so that whatever happens, we will not have all our investments in underperforming asset classes and thereby fail to meet our goals-Taylor Larimore

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Re: U.S. stocks in freefall

Post by Peculiar_Investor » Sat Feb 03, 2018 1:20 pm

Another viewpoint from one of my favorite blogs -- It’s Over | The Irrelevant Investor
Michael Batnick wrote:Jack Bogle likes to say “the stock market is a giant distraction to the business of investing.” The chart below is a good visual to support this statement. Friday was the seventeenth -2% day for the S&P 500 in the last five years. Focusing on the day-to-day is a really good way to lose sight of the long-term trends, or why you’re even investing in the first place.
A good reminder to all.
Michael Batnick wrote:But if we weren’t overreacting, we wouldn’t be human, and that’s what makes markets so fun and interesting and scary and exciting.
Also worthwhile remembering the first part. The markets are something totally different than investing. Investing isn't supposed to be interesting, scary or exciting. Generally it should be boring.
Normal people… believe that if it ain’t broke, don’t fix it. Engineers believe that if it ain’t broke, it doesn’t have enough features yet. – Scott Adams

DrGoogle2017
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Re: U.S. stocks in freefall

Post by DrGoogle2017 » Sat Feb 03, 2018 1:37 pm

I still make money for the month of January, just not as much as I had a few weeks earlier.

azurekep
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Re: U.S. stocks in freefall

Post by azurekep » Sat Feb 03, 2018 4:20 pm

jebmke wrote:
Fri Feb 02, 2018 5:15 pm
Wow, worst week since ..... 2016

Washington Post Headline
Dow drops 666 points and posts its worst week since 2016
Glad to know the market has a sense of humor. ;)

666 as the 2009 low in the S&P.

666-point drop in the Dow.

In 2009, I was pretty sure there was human intervention into getting the 666 number. Probably the same yesterday. #MarketConspiracyTheory

TheAccountant
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Re: U.S. stocks in freefall

Post by TheAccountant » Sat Feb 03, 2018 4:38 pm

Two months until the start of the recession! aka stock discount sale.

itstoomuch
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Re: U.S. stocks in freefall

Post by itstoomuch » Sat Feb 03, 2018 4:42 pm

Superstitious are we?
Rev012718; 4 Incm stream buckets: SS+pension; dfr'd GLWB VA & FI anntys, by time & $$ laddered; Discretionary; Rentals. LTCi. Own, not asset. Tax TBT%. Early SS. FundRatio (FR) >1.1 67/70yo

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Re: U.S. stocks in freefall

Post by azurekep » Sat Feb 03, 2018 5:05 pm

itstoomuch wrote:
Sat Feb 03, 2018 4:42 pm
Superstitious are we?
You referring to the 666?

Here's my logic: :)
  • Algorithms control the day-to-day price movement of the markets (though price levels are more broadly controlled by the human participants).
  • Algorithms are written by human programmers.
  • Algorithms are ultimately controlled by humans (though the bots have a lot of autonomy.)
  • When markets get close to 666 (in price level or drop in points), the "Bots Just Want to Have Fun" algorithm kicks in.


Makes sense to me. :)

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Re: U.S. stocks in freefall

Post by drk » Sat Feb 03, 2018 5:21 pm

azurekep wrote:
Sat Feb 03, 2018 5:05 pm
itstoomuch wrote:
Sat Feb 03, 2018 4:42 pm
Superstitious are we?
You referring to the 666?

Here's my logic: :)
  • Algorithms control the day-to-day price movement of the markets (though price levels are more broadly controlled by the human participants).
  • Algorithms are written by human programmers.
  • Algorithms are ultimately controlled by humans (though the bots have a lot of autonomy.)
  • When markets get close to 666 (in price level or drop in points), the "Bots Just Want to Have Fun" algorithm kicks in.


Makes sense to me. :)
In other areas of software, we call that an Easter Egg.

perl
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Re: U.S. stocks in freefall

Post by perl » Sat Feb 03, 2018 6:07 pm

I've got a better explanation: Satan.

sreynard
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Re: U.S. stocks in freefall

Post by sreynard » Sat Feb 03, 2018 6:58 pm

perl wrote:
Sat Feb 03, 2018 6:07 pm
I've got a better explanation: Satan.
Yes?

GoldenFinch
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Re: U.S. stocks in freefall

Post by GoldenFinch » Sat Feb 03, 2018 7:45 pm

azurekep wrote:
Sat Feb 03, 2018 4:20 pm
jebmke wrote:
Fri Feb 02, 2018 5:15 pm
Wow, worst week since ..... 2016

Washington Post Headline
Dow drops 666 points and posts its worst week since 2016
Glad to know the market has a sense of humor. ;)

666 as the 2009 low in the S&P.

666-point drop in the Dow.

In 2009, I was pretty sure there was human intervention into getting the 666 number. Probably the same yesterday. #MarketConspiracyTheory
It actually only dropped 665.75. Stop exaggerating.

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Didymograptus
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Re: U.S. stocks in freefall

Post by Didymograptus » Sat Feb 03, 2018 8:03 pm


It actually only dropped 665.75. Stop exaggerating.
666 is the integer of the beast!
The best things in life aren't things

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Doom&Gloom
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Re: U.S. stocks in freefall

Post by Doom&Gloom » Sat Feb 03, 2018 8:17 pm

Didymograptus wrote:
Sat Feb 03, 2018 8:03 pm

It actually only dropped 665.75. Stop exaggerating.
666 is the integer of the beast!
LOL. Good one!

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Re: U.S. stocks in freefall

Post by LadyGeek » Sat Feb 03, 2018 8:48 pm

Please stay on-topic.
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

_daath
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Re: U.S. stocks in freefall

Post by _daath » Sun Feb 04, 2018 10:45 am

With stock prices inevitably falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?

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LadyGeek
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Re: U.S. stocks in freefall

Post by LadyGeek » Sun Feb 04, 2018 11:30 am

Welcome! We don't look at daily prices. Our investing strategy is a diversified long-term buy and hold approach using low-cost index funds.

Here's a better explanation: Bogleheads® investment philosophy

Also see: Getting started
Wiki To some, the glass is half full. To others, the glass is half empty. To an engineer, it's twice the size it needs to be.

thangngo
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Re: U.S. stocks in freefall

Post by thangngo » Sun Feb 04, 2018 11:41 am

_daath wrote:
Sun Feb 04, 2018 10:45 am
With stock prices inevitably maybe falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?
Fix it for you. Unless you just traveled back in time from Tuesday...

I already bought some on Friday, so I'd have to wait until 2/15 payday. I don't want to leverage with just minor speed bump (2%, 5% drop).

Theoretical
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Re: U.S. stocks in freefall

Post by Theoretical » Sun Feb 04, 2018 11:45 am

triceratop wrote:
Fri Feb 02, 2018 10:19 pm
Bwlonge wrote:
Fri Feb 02, 2018 10:17 pm
If you bought a 500 fund at the S&P500 peak in 2000, and you had the intention of holding, you wouldn't start making money on it until 2013.

Tell me why I should put money in now on an insane looking peak, amidst deregulation, growing income inequality, and growing interest rates...

In other words, tell me why I shouldn't take out the few thousand I put in a month ago before it goes red, and put it in a high interest savings account, or pay off the rest of my student loans @ 5.5%.

I feel fine about my retirement account, but the things I mentioned have me thinking maybe this particular set of monies would look better on conservative, guaranteed moves.
You should absolutely pay off your 5.5% student loans over stock or bond investing with post-tax money. In my opinion. 5.5% is a high risk-free return.
Yeah, your three goals should be contribute enough to 401k to get the employer match, definitely slay the 5.5% loan dragon, and build up a high yield savings Emergency fund

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Leif
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Re: U.S. stocks in freefall

Post by Leif » Sun Feb 04, 2018 12:09 pm

LadyGeek wrote:
Sun Feb 04, 2018 11:30 am
Welcome! We don't look at daily prices. Our investing strategy is a diversified long-term buy and hold approach using low-cost index funds.
Speaking only for myself I do look at prices daily (downloaded to a spreadsheet), but rarely act on them. I have a long-term buy, hold, and rebalance approach.
_daath wrote:
Sun Feb 04, 2018 10:45 am
With stock prices inevitably falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?
I don't think anything to do with the market is inevitable. I personally use rebalance bands. If the value of an asset class drops below the band I buy. If the value of an asset class exceeds the band I sell. Also known as "Buy low, sell high". Don't be too concerned with the daily ups and downs of the market.
Investors should diversify across many asset-classes so that whatever happens, we will not have all our investments in underperforming asset classes and thereby fail to meet our goals-Taylor Larimore

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Re: U.S. stocks in freefall

Post by drk » Sun Feb 04, 2018 12:40 pm

_daath wrote:
Sun Feb 04, 2018 10:45 am
With stock prices inevitably falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?
It's odd to say that something is inevitable when it's not even borne out by the available data. Maybe prices will fall, but they could just as easily rise or stay the same.

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Re: U.S. stocks in freefall

Post by MotoTrojan » Sun Feb 04, 2018 9:54 pm

drk wrote:
Sun Feb 04, 2018 12:40 pm
_daath wrote:
Sun Feb 04, 2018 10:45 am
With stock prices inevitably falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?
It's odd to say that something is inevitable when it's not even borne out by the available data. Maybe prices will fall, but they could just as easily rise or stay the same.
While still not a guarantee, I would assume the Futures market for a specific day to be a more reliable indicator than previous patterns after similar days.

drk
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Re: U.S. stocks in freefall

Post by drk » Sun Feb 04, 2018 10:05 pm

MotoTrojan wrote:
Sun Feb 04, 2018 9:54 pm
drk wrote:
Sun Feb 04, 2018 12:40 pm
_daath wrote:
Sun Feb 04, 2018 10:45 am
With stock prices inevitably falling even further Monday/Tuesday, what do y'all have your buy limits at and for what?
It's odd to say that something is inevitable when it's not even borne out by the available data. Maybe prices will fall, but they could just as easily rise or stay the same.
While still not a guarantee, I would assume the Futures market for a specific day to be a more reliable indicator than previous patterns after similar days.
Those comments were submitted hours before the open of futures trading today.

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Re: U.S. stocks in freefall

Post by Houe » Mon Feb 05, 2018 8:54 am

So who is a buyer in this market? It not like bonds are a safe alternative...

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