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Lsut81
Chicago Cubs Fan
Member since Jun 2005
67584 posts

Ouch, Market Taking a Beating
Opened down 90, now down 160

Looks like Walmart missed, I'm assuming that is a major reason

Kind of shows how people are really spending their money instead of just going off of Surveys...


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1719 posts

re: Ouch, Market Taking a Beating
Time to buy?


Lsut81
Chicago Cubs Fan
Member since Jun 2005
67584 posts

re: Ouch, Market Taking a Beating
quote:

Time to buy?


Don't ask me, I don't know...


LSURussian
LSU Fan
Member since Feb 2005
93952 posts
 Online 

re: Ouch, Market Taking a Beating
Now down 191.


RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1719 posts

re: Ouch, Market Taking a Beating
quote:

Now down 191.


What gives? Doing work today is not on my to do list.


OnTheBrink
Alabama Fan
TN
Member since Mar 2012
5083 posts

re: Ouch, Market Taking a Beating
Yep, this is one of those days where I just turn my head and check back in at 3:00.


Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
42979 posts

re: Ouch, Market Taking a Beating
Hidenderg Omen

:omg:


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LSURussian
LSU Fan
Member since Feb 2005
93952 posts
 Online 

re: Ouch, Market Taking a Beating
quote:

What gives?
More sellers than buyers....


donRANDOMnumbers
New Orleans Pelicans Fan
Hub City
Member since Nov 2006
13706 posts
 Online 

re: Ouch, Market Taking a Beating
yet CVRR is up. i will never fricking understand this stock


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CamdenTiger
Member since Aug 2009
33745 posts

re: Ouch, Market Taking a Beating
quote:

More sellers than buyers....


Next level stuff, right there. Its why I'm no good at this stuff.


Lsut81
Chicago Cubs Fan
Member since Jun 2005
67584 posts

re: Ouch, Market Taking a Beating
Down 210 now...

Do we end up sub 15k by the weekend?


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RickAstley
LSU Fan
Reno, Nevada
Member since May 2011
1719 posts

re: Ouch, Market Taking a Beating
quote:

quote:

More sellers than buyers....




Next level stuff, right there. Its why I'm no good at this stuff.


Yea I had to jot that tidbit down in my notebook. I am absolutely worthless today


Coach Guidry
Atlanta Braves Fan
Member since Nov 2007
2332 posts

re: Ouch, Market Taking a Beating
Over/Under for the Weekend???


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Vols&Shaft83
Florida State Fan
Throbbing Member
Member since Dec 2012
49395 posts
 Online 

re: Ouch, Market Taking a Beating
quote:

Yep, this is one of those days where I just turn my head and check back in at 3:00.




Yeah, that's pretty much the only time I check the markets. And even then, I don't get excited unless the markets have been going down 1% or more for several days.

I'm investing $2K/Month in index funds and managed funds regardless of what the markets are doing, I'll buy more when I'm getting a bargain.



Lsut81
Chicago Cubs Fan
Member since Jun 2005
67584 posts

re: Ouch, Market Taking a Beating
quote:

I'm investing $2K/Month in index funds and managed funds


How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?


Doc Fenton
LSU Fan
New York, NY
Member since Feb 2007
51764 posts

re: Ouch, Market Taking a Beating
Well people like Robert Shilling, Marc Faber, et al. have been throwing around the "bubble" word a lot the last 2-3 weeks, so it's not like a market correction isn't expected by a lot of people, myself included.

Since we're near the tail end of a lengthy 14-year bearish period for stocks, I don't think prices are terrible for the long term, but I do think that there will be a significant shakeout with home prices and equity prices as economic policy begins to transition, and more talk starts to revolve around a 2nd sequester, ObamaCare implementation, Fed tapering, etc.


Vols&Shaft83
Florida State Fan
Throbbing Member
Member since Dec 2012
49395 posts
 Online 

re: Ouch, Market Taking a Beating
quote:

How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?



Just FYI, That $2K is not "left over money", I invest before I pay any bills, buy any food, or buy any toys. It's off the top, it's paying yourself first. NOBODY gets paid before I pay myself, Not the utility company, not the bank, not THE frickING IRS. Now, I still pay those bills, but my priority is to myself and everyone else can wait in line.


I have a auto draft set up with American Funds and Fidelity. And that $2K goes to the same funds, month in, and month out. When I have leftover money that I want to invest in the market, I can buy funds from either firm in taxable accounts or I can buy stocks in my Trade King account.



NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
71161 posts

re: Ouch, Market Taking a Beating
quote:

Well people like Robert Shilling, Marc Faber, et al. have been throwing around the "bubble" word a lot the last 2-3 weeks, so it's not like a market correction isn't expected by a lot of people, myself included.

Since we're near the tail end of a lengthy 14-year bearish period for stocks, I don't think prices are terrible for the long term
+1
Image: http://chart.finance.yahoo.com/z?s=%5eGSPC&t=my&q=&l=&z=l&a=v&p=s&lang=en-US®ion=US


quote:

but I do think that there will be a significant shakeout with home prices and equity prices as economic policy begins to transition, and more talk starts to revolve around a 2nd sequester
Several major players, John Paulson among them, suggest real estate, REITs as a potential haven.


Doc Fenton
LSU Fan
New York, NY
Member since Feb 2007
51764 posts

re: Ouch, Market Taking a Beating
quote:

John Paulson


The same guy who got killed this year on gold?

I think he might be about to walk into the same trap with REITs, but we already discussed real estate a good bit in that thread from last Friday.


NC_Tigah
LSU Fan
Carolinas
Member since Sep 2003
71161 posts

re: Ouch, Market Taking a Beating
quote:

The same guy who got killed this year on gold?
Yep.
Perhaps more importantly, the guy who shorted real estate (subprime) in 2007's "greatest trade ever."


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