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Anyone else thinking of pulling back on the stock market?

Posted on 7/18/14 at 1:20 pm
Posted by Rockerbraves
Greatest Nation on Earth
Member since Feb 2007
8015 posts
Posted on 7/18/14 at 1:20 pm
For the past 12 years I have been 98 to 100% invested in the stock market with a strong preference on tech funds. Have been considering pulling completely out for a few months with the idea that the market may drop.
Posted by Kramer26
St. George, LA
Member since Jan 2005
6397 posts
Posted on 7/18/14 at 1:27 pm to
Wow, you have between 98-100 % of your money in the stock market. You would be screwed if it crashed. That's too much risk for me. You gotta diversify between stock, bonds, CDs, etc.
Posted by Odinson
Asgard
Member since Apr 2014
2747 posts
Posted on 7/18/14 at 1:42 pm to
yes, correction is imminent.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 7/18/14 at 2:00 pm to
quote:

yes, correction is imminent.


Probably happens next week. Tuesday I think.
Posted by lsu13lsu
Member since Jan 2008
11466 posts
Posted on 7/18/14 at 2:22 pm to
quote:

Probably happens next week. Tuesday I think.

1:00 PM EST. While we are at lunch and have no chance to hit the sell button. Skip lunch that day.
Posted by vuvuzela
Oregon
Member since Jun 2010
14663 posts
Posted on 7/18/14 at 2:33 pm to
quote:

1:00 PM EST.


It will be at 1:14 PM, idiot.
Posted by tokenBoiler
Lafayette, Indiana
Member since Aug 2012
4404 posts
Posted on 7/18/14 at 2:47 pm to
quote:

quote:
yes, correction is imminent.

Probably happens next week. Tuesday I think.



Thanks. How long will it last?
Posted by Rockerbraves
Greatest Nation on Earth
Member since Feb 2007
8015 posts
Posted on 7/18/14 at 2:58 pm to
quote:

That's too much risk for me. You gotta diversify between stock, bonds, CDs, etc.

No doubt. Told myself if the market every got back from it's lows I would diversify, but now greed semms to have me hanging around again.
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/18/14 at 4:47 pm to
You can protect yourself somewhat with stop losses, but if we all agree that a crash or correction is coming in the reasonably foreseeable future, I don't see why you'd want to stay in, risking devastation just to make a few extra bucks.

I still have a little in, but I'm mostly out, at this time. My cousin recently told me that all of her economics professors are saying get out.
Posted by Y.A. Tittle
Member since Sep 2003
101155 posts
Posted on 7/18/14 at 5:05 pm to
quote:

My cousin recently told me that all of her economics professors are saying get out.


shite, in that case I'm going all in.
Posted by Rockerbraves
Greatest Nation on Earth
Member since Feb 2007
8015 posts
Posted on 7/18/14 at 5:13 pm to
quote:

I still have a little in, but I'm mostly out, at this time.
Question is where did you put your money? Not use to earning 1 percent on a year bank CD. A friend of mine is preaching silver?
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/18/14 at 5:19 pm to
I know. I'm just saying that the chorus is beginning to rise. If it gains enough voices, it will become reality, regardless of basis.
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/18/14 at 5:25 pm to
The last big move I made was the GoPro IPO. Bought at 30' sold at 38, bought again at 35 and sold on the way down at 44. That's all liquid now, though. The 3D sector gave me a jump a couple of weeks ago, but has steadily declined since. My stop losses protected my gains somewhat but the top did get chopped off quite a bit.

I might have to make a run at the Alibaba IPO just because of the hysteria, take what I can get, and get out completely. The famous predictors of gloom and doom have spoken, and I have no reason to continue trying to buy into a market at all time highs.
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
26901 posts
Posted on 7/18/14 at 5:25 pm to
quote:

Wow, you have between 98-100 % of your money in the stock market. You would be screwed if it crashed. That's too much risk for me. You gotta diversify between stock, bonds, CDs, etc.


Not if he doesn't need the money for another thirty years. The only reason to diversify outside of equities more than 15 or so years from retirement is if you don't have the discipline to see the value of your accounts cut in half and not sell.

Now, I'm not saying that bonds et all are a bad thing. I'm simply pointing out that they are mostly mental comfort blankets for those with long investment timelines.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 7/18/14 at 5:33 pm to
Yes.
Posted by jso0003
Member since Jun 2009
5170 posts
Posted on 7/18/14 at 8:28 pm to
quote:

My cousin recently told me that all of her economics professors are saying get out.


The most bullish thing I've heard in a while
Posted by Dr Rosenrosen
Member since May 2006
3328 posts
Posted on 7/18/14 at 9:03 pm to
As long as the Fed continues to be accommodating and interest rates remain low, I am all in.

And I still don't see the euphoria among mom/pop investors that would make me nervous.
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/18/14 at 9:34 pm to
Well then stay the course.
Posted by UL-SabanRival
Member since May 2013
4651 posts
Posted on 7/19/14 at 3:17 am to
Well, "euphoria" would not generally make a person nervous. I think the word you were looking for was possibly "hysteria." However, if you don't detect a serious level of hysteria among the most veteran of investors, you're not only failing to pay attention, you're blind, deaf and dumb.

But go ahead and make another three percent before losing half and hoping it will all one day be okay. Even if/when it does eventually rebound, I'm still not clear on why someone wouldn't pull out of all time highs, wait for any measurable time into the huge dip, and re-invest. Even if you get back in halfway down the slide, you're still doing a lot better than you would have otherwise, right?

You've got about 7 months. Good luck.
Posted by Dr Rosenrosen
Member since May 2006
3328 posts
Posted on 7/19/14 at 7:40 am to
You don't fight the Fed, UL Saban. There is a floor under this market right now. It won't be there forever, but for the next 12-24 months I still like this market.
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