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Message

The Market Correction has begun

Posted on 4/11/14 at 6:44 am
Posted by Lsut81
Member since Jun 2005
80117 posts
Posted on 4/11/14 at 6:44 am
according to multiple analysts I have heard...


I've got a little cash ready to go in during the drop, but I'm more interested in seeing PMs go up, so that I can unload some physical that I have.
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 4/11/14 at 6:56 am to
Just saw a headline that JP Morgan missed on Q1 earnings. Don't know if this is the start of the correction but it sounds like today won't be good for sure.
Posted by Lsut81
Member since Jun 2005
80117 posts
Posted on 4/11/14 at 6:59 am to
quote:

Don't know if this is the start of the correction but it sounds like today won't be good for sure.


I'm pretty sure yesterdays -3% Nasdaq was the start

But yeah, this will lend credence to it and begin the trend.

I don't need any of the money in my acct and can dollar cost average all the way to the bottom. I'd just like PMs to come up so I can unload some physical and roll that into $$$.
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119080 posts
Posted on 4/11/14 at 7:19 am to
How big of a correction are they talking about?
Posted by slackster
Houston
Member since Mar 2009
84765 posts
Posted on 4/11/14 at 7:20 am to
If they knew, why would they tell you?

No one knows what is going to happen tomorrow.
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4241 posts
Posted on 4/11/14 at 7:20 am to
quote:

PM's to come up

The same analysts are calling for PM's to 'never' recover.

Gold will never recover
Posted by Lsut81
Member since Jun 2005
80117 posts
Posted on 4/11/14 at 7:27 am to
quote:

The same analysts are calling for PM's to 'never' recover.



Disagree... May take some time, but I believe Gold will get up in the 1500-1600 range once again.

Hell, the analysts says 1200 was just the starting point of the collapse and it ran back up to 1400 a few weeks back.
Posted by C
Houston
Member since Dec 2007
27819 posts
Posted on 4/11/14 at 7:30 am to
quote:

according to multiple analysts I have heard


like a broken clock....

actually had a meeting with deutsche and one of their advisors thinks it will be 20% down the rest of the year. Of course he started with a disclaimer that most analysis is no better than throwing at a dart board...
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16904 posts
Posted on 4/11/14 at 7:32 am to
I love that i just dumped a bunch of cash back in it. Greeeeaaaat
Posted by SmackoverHawg
Member since Oct 2011
27329 posts
Posted on 4/11/14 at 7:32 am to
I've seen guesses of between 12-20%. Hoping for 20!!
Posted by C
Houston
Member since Dec 2007
27819 posts
Posted on 4/11/14 at 7:33 am to
quote:

I love that i just dumped a bunch of cash back in it. Greeeeaaaat


Yeah i'm still all in so I'm not listening to these guys tea leaves predictions...
This post was edited on 4/11/14 at 7:34 am
Posted by ell_13
Member since Apr 2013
84985 posts
Posted on 4/11/14 at 7:36 am to
I'm 27. Adding money to the Roth monthly. Sure, I look for the best bargain but it's all long term, blue chip stocks and cheap mutual funds. I've got 30 years. I'm way more worried about a dip in the market then than now.
Posted by ZereauxSum
Lot 23E
Member since Nov 2008
10176 posts
Posted on 4/11/14 at 7:37 am to
quote:

Yeah i'm still all in so I'm not listening to these guys tea leave predictions...


Yeah no one really knows. All my 401k money is in a target date fund. I could move it all to fixed income but I'm really not smart enough for all of that. I'd probably just miss the subsequent rally
Posted by SmackoverHawg
Member since Oct 2011
27329 posts
Posted on 4/11/14 at 7:39 am to
quote:

The Market Correction has begunIf they knew, why would they tell you?

That way if they are lucky and right, they can right a book predicting the next one.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/11/14 at 7:42 am to
Market analysts have predicted 23 out of the last 3 market corrections.
Posted by Traffic Circle
Down the Rabbit Hole
Member since Nov 2013
4241 posts
Posted on 4/11/14 at 7:43 am to
quote:

Disagree... May take some time, but I believe Gold will get up in the 1500-1600 range once again.


I disagree with the analysts too, just pointing out the view.
Posted by SmackoverHawg
Member since Oct 2011
27329 posts
Posted on 4/11/14 at 7:46 am to
quote:

Market analysts have predicted 23 out of the last 3 market corrections.


I predict the market will hit 17,000. Write it down.
Posted by C
Houston
Member since Dec 2007
27819 posts
Posted on 4/11/14 at 7:51 am to
quote:

Write it down.
I put it on a sticky note. Hopefully I won't lose it...
Posted by ell_13
Member since Apr 2013
84985 posts
Posted on 4/11/14 at 7:51 am to
Seems like a good time to bump the prediction thread.
Posted by Cold Cous Cous
Bucktown, La.
Member since Oct 2003
15045 posts
Posted on 4/11/14 at 7:52 am to
quote:


I predict the market will hit 17,000. Write it down.

I see what you did there.
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