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Started By
Message
1
Posted on 4/11/14 at 7:59 am to Ace Midnight
We need a good 8-10 percent correction
Posted on 4/11/14 at 8:02 am to roguetiger15
We "corrected" 10% or so in January.
Posted on 4/11/14 at 8:03 am to roguetiger15
quote:
We need a good 8-10 percent correction
Well if I recall, the Nasdaq is already 5% off its highs of the year.
Posted on 4/11/14 at 8:07 am to Lsut81
Unfortunately a correction is going to be a lot more than 10%. I'm also tired of this term "correction".
Posted on 4/11/14 at 8:07 am to donRANDOMnumbers
quote:
I'm also tired of this term "correction".
It's to avoid saying "crash".
Posted on 4/11/14 at 8:09 am to donRANDOMnumbers
Not even close to 10 percent in jan
Posted on 4/11/14 at 8:17 am to ell_13
You probably have more than 30 years
Posted on 4/11/14 at 8:18 am to Ace Midnight
quote:
I'm also tired of this term "correction".
Whenever I see the word "correction" I assume the speaker's analysis is about as complicated as thinking "what goes up must come down!" Like, the market has gone up for __ months, so now it is supposed to go down for __ months. About as scientific as saying a player is "due" for a hit.
Posted on 4/11/14 at 8:23 am to Paul Allen
Actually, I was being conservative with 30. I'm well ahead of most 27 year olds. Nothing to write home about. But we live well below our means and I've already been able to pay off all student loans and a car. We're also well above 100k net worth and might hit 200k by 30. And when I retire I don't plan to completely stop working even though I may not need to.
Posted on 4/11/14 at 8:32 am to ell_13
I've got 30yrs left to retirement and I know there will be tons of "Corrections"... I'm in long term and a dip or run up isn't going to stop me from putting $$$ in.
Posted on 4/11/14 at 8:34 am to ell_13
quote:I'll update it later this morning.
Seems like a good time to bump the prediction thread.
ETA: Done!
This post was edited on 4/11/14 at 8:46 am
Posted on 4/11/14 at 8:45 am to LSURussian
We're still in a sideways market until $DIA drops below 157. Ain't there yet. So it's premature to call "a correction"
Nasdaq is closer. QQQ needs to go below 84 for it to be outside of a sideways market.
Nasdaq is closer. QQQ needs to go below 84 for it to be outside of a sideways market.
Posted on 4/11/14 at 8:47 am to Lsut81
quote:
The Market Correction has begun
Posted on 4/11/14 at 8:58 am to Lsut81
Thanks for posting this btw. I didn't like seeing my portfolio down another 2%
Posted on 4/11/14 at 9:06 am to roguetiger15
quote:
Not even close to 10 percent in jan
Dow dropped roughly 7%
Nasdaq 5-6%
S&P 5-6%
thought i would clarify that you were right-ish. i remembered the hiccup being bigger (probably due to the spec stocks i play)
Posted on 4/11/14 at 9:08 am to ShubutaMS
quote:
I didn't like seeing my portfolio down another 2%
shite, I think mine dropped 3% yesterday
Posted on 4/11/14 at 9:17 am to Lsut81
S&p was down 3.6
Dow down 5.3
Nasdaq down 1.74
Dow down 5.3
Nasdaq down 1.74
Posted on 4/11/14 at 9:24 am to roguetiger15
V and BAC look really tempting.
Posted on 4/11/14 at 9:51 am to Lsut81
quote:It would not shock me if the market closes UP for the day today.
The Market Correction has begun
according to multiple analysts I have heard...
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