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Anyone thinking of exiting the market for a few months?

Posted on 8/26/22 at 12:19 pm
Posted by MrLSU
Yellowstone, Val d'isere
Member since Jan 2004
26039 posts
Posted on 8/26/22 at 12:19 pm
I’m seriously thinking about pulling my money out and parking it into mmf because we are very likely to see to massive downturn in the market that rivals 2008.

The foreclosure numbers are really moving into historic ranges once again too.
Posted by UltimaParadox
Huntsville
Member since Nov 2008
40886 posts
Posted on 8/26/22 at 12:30 pm to
The obvious answer is no and my advice is don't do it.

But based on your post, I'm sure you will time the market perfectly.
Posted by Shepherd88
Member since Dec 2013
4592 posts
Posted on 8/26/22 at 12:30 pm to
quote:

The foreclosure numbers are really moving into historic ranges once again too


We’re not even close to 2019 foreclosure levels yet. Lol
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
71435 posts
Posted on 8/26/22 at 12:30 pm to
quote:

pulling my money out


Sell low? Bold strategy Cotton.
Posted by buffbraz
Member since Nov 2005
5677 posts
Posted on 8/26/22 at 12:37 pm to
Meet Bob, the world’s worst market timer……. LINK

Posted by slackster
Houston
Member since Mar 2009
85139 posts
Posted on 8/26/22 at 12:50 pm to
quote:

we are very likely to see to massive downturn in the market that rivals 2008.


Why?
Posted by hombreman9
USA
Member since Feb 2009
3781 posts
Posted on 8/26/22 at 12:52 pm to
My experience with this - I called the top in early 2020. Went 100% cash. Made a big post about it here. Didn’t buy back in in time and basically broke even, ending up where I would have been if I had just stayed invested. Not advice, just saying it may not work out like you think it will.
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 8/26/22 at 12:52 pm to
quote:

I’m seriously thinking about pulling my money out and parking it into mmf because we are very likely to see to massive downturn in the market that rivals 2008.






quit watching cable news
Posted by notiger1997
Metairie
Member since May 2009
58276 posts
Posted on 8/26/22 at 1:05 pm to
I’ve been in all cash since 2009 waiting for the bottom.
Posted by Hussss
Living the Dream
Member since Oct 2016
6745 posts
Posted on 8/26/22 at 1:08 pm to
quote:

The foreclosure numbers are really moving into historic ranges once again too.


There will continue to be a nice cash bid in the housing market due to inflation / possible hyperinflation.

This is NOT 2008 deflationary style collapse
Posted by SulphursFinest
Lafayette
Member since Jan 2015
8785 posts
Posted on 8/26/22 at 1:12 pm to
You’re a little late
Posted by Turftoe
Denver
Member since Mar 2016
3923 posts
Posted on 8/26/22 at 1:14 pm to
buy some SQQQ calls
Posted by FLObserver
Jacksonville
Member since Nov 2005
14494 posts
Posted on 8/26/22 at 1:25 pm to
Weak hands. Don't let these bears scare you. Just have some cash on the sidelines and buy some great stocks when they down like 15 or 20 bucks a share. I've bought a few today and if they drop 15 or 20 next week will buy then. Got a couple stocks i want but hoping they drop a little lower,BLK, so i can pull the trigger. Days like today help
This post was edited on 8/26/22 at 1:29 pm
Posted by Triple Bogey
19th Green
Member since May 2017
5995 posts
Posted on 8/26/22 at 1:31 pm to
I've been sitting at 20% cash since January. I'll just wait until we head back down closer to those June lows if we ever get there and start buying. If not, I'll average up. Only thing I'm down big on is my Disney position right now
Posted by FLObserver
Jacksonville
Member since Nov 2005
14494 posts
Posted on 8/26/22 at 1:42 pm to
quote:

Only thing I'm down big on is my Disney position right now

Own DIS, UPST and PYPL and not in a good way so glad i could make you feel a little better
This post was edited on 8/26/22 at 1:44 pm
Posted by Triple Bogey
19th Green
Member since May 2017
5995 posts
Posted on 8/26/22 at 1:53 pm to
quote:

UPST and PYPL


This post was edited on 8/26/22 at 1:57 pm
Posted by Aubie Spr96
lolwut?
Member since Dec 2009
41212 posts
Posted on 8/26/22 at 2:33 pm to
CNBC Guest Nails It

quote:

"There's been a Caligula level of decadence when it comes to fiscal and monetary policy and the idea that we can unwind all of this with a soft, gentle landing seems a little unrealistic."


I don't know what's coming, but I know it isn't good. The Federal Reserve has been artificially inflating the market since 2008. That, coupled with poor fiscal policy, has us in a really bad spot that I'm not sure they can manage.

I'll never understand why the naysayers get downvoted on this board as much as they do? It's just a differing opinion.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 8/26/22 at 2:35 pm to
Paid 7k for 75k of downside protection, options expire end of October.

My big question to myself is was I too early? Maybe, but I’ll likely buy some end of year options as well.
Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/26/22 at 2:39 pm to
Out since February of this year other than a few energy stocks.

It’s your money. Do as you wish.

Posted by sawtooth
Baton Rouge
Member since Jul 2017
3588 posts
Posted on 8/26/22 at 2:40 pm to
quote:

I'll never understand why the naysayers get downvoted on this board as much as they do? It's just a differing opinion.


We must all think alike. Clearly you are an idiot if you don’t have the same opinion as me.
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