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Started By
Message
Posted on 2/5/18 at 11:18 am to stout
quote:
but it looks like the market is trying to shake it off.
Disregard my earlier comment
Posted on 2/5/18 at 11:58 am to tigerpawl
I wouldn't be too surprised if it falls to 24,000.
Posted on 2/5/18 at 2:10 pm to Jyrdis
quote:Would you be surprised if it happened today?
I wouldn't be too surprised if it falls to 24,000.
Posted on 2/5/18 at 2:17 pm to jturn17
Wish I would have bought VIX.X today. Up 100%+
Posted on 2/5/18 at 2:17 pm to stout
This is crazy. Almost like the flash crash. We just reversed 800 pts.
Posted on 2/5/18 at 2:35 pm to jturn17
quote:
Would you be surprised if it happened today?
We almost got there.
Posted on 2/5/18 at 9:31 pm to LSUcam7
quote:
So tell me what has changed other than market price to convince me the economy is not in a healthy situation?
Nothing.
But I don't think a 30% increase in one year was justified by any underlying trends either. So I suspect it's just a correction.
Posted on 2/5/18 at 9:34 pm to Bestbank Tiger
Futures down roughly 1400 right now, looking like 23k tomorrow will be tested
Posted on 2/5/18 at 9:36 pm to RevolverKing
My 401k is aggressive in stocks. Should I transfer to stable funds tonight?
Posted on 2/5/18 at 9:38 pm to meeple
quote:
My 401k is aggressive in stocks. Should I transfer to stable funds tonight?
NO.
Posted on 2/5/18 at 9:39 pm to meeple
Lol not unless you are retiring in the next 5-7 years. I’m in very aggressive too, just that many more shares I’ll get at these lower prices. This is all about interest rates going up meanwhile the economy itself is very strong. I expect a big rebound in the next few months. I’m just gonna let it ride but I’m in mid 30s and not worried about the short term. Just my opinion
Posted on 2/5/18 at 9:54 pm to RevolverKing
Yeah but what’s the harm in moving balances to something stable now while continuing to buy in at the same pace (dollar cost averaging). And then transfer the balance back in at a lower value. Sell high and buy low, right?
Posted on 2/5/18 at 9:58 pm to meeple
Yeah it’s just like they say, it’s like trying to catch a falling knife. It’s your money, do what you think is right.
Posted on 2/5/18 at 10:47 pm to meeple
quote:
Sell high and buy low, right?
You are right, that is the idea.
However, the flaw in your plan is the same as the reason why you didn’t sell off anything a month ago when it was pressed past all time highs.
You won’t know when to execute.
I suppose you could decide with a defined approach of stepping out, and coming back in a week, but now you are getting into a sloppy slope that is getting growing risk.
At the end of the day, what little merit and weight exists to the idea went away from you waiting too long. The time to do it if you were was Friday at the latest. Now for all you know you may get a market rebound larger than future expected deficits. Remember, even if you put in the order now (assuming 401k) it won’t go into effect until after the full trading drop if tomorrow.
So you will be executing your plan AFTER a 10% drop. Not the best if moves.
You are better off in the future keeping a modest amount conservatively allocated and using that to taking advantage of price swings.
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