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DJ down 550 today and over 1000 on the week, is it starting?

Posted on 2/2/18 at 1:59 pm
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 2/2/18 at 1:59 pm
Surprised there hasnt been a thread on this, what is the board thinking? I am pulling my roth and an old 401k to holding accounts.

Is this the start to the correction?
Posted by President
Clark and Addison
Member since May 2016
240 posts
Posted on 2/2/18 at 2:01 pm to
It's been soaring way too much. Definitely a correction, but the sky isn't falling.
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 2/2/18 at 2:02 pm to
In the short term the market is a voting machine.
Posted by GREENHEAD22
Member since Nov 2009
19580 posts
Posted on 2/2/18 at 2:05 pm to
Yea but are we looking at 5% correction or a 20% correction.

I thought overall the earning reports and economy reports have been pretty good, wasnt expecting a pull back.
Posted by bogart
Member since Dec 2013
1201 posts
Posted on 2/2/18 at 2:11 pm to
I wonder if it has to do with the fact many are realizing today how corrupt our politicians are.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 2/2/18 at 2:14 pm to
Looks like a buying opportunity. Not trying to catch the knife but some things are starting to get a little better looking
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16302 posts
Posted on 2/2/18 at 2:15 pm to
quote:

Looks like a buying opportunity. Not trying to catch the knife but some things are starting to get a little better looking


This. Unless you are in retirement and are counting on income in the short term, a 5% or 10% correction is great.
Posted by leoj
Member since Nov 2010
3106 posts
Posted on 2/2/18 at 2:17 pm to
The start to the year was crazy. I’m not sure this will be the big correction, but a 5% would be nice.
Posted by LZ83
La
Member since Sep 2016
17406 posts
Posted on 2/2/18 at 2:17 pm to
Hope so
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
26972 posts
Posted on 2/2/18 at 2:20 pm to
No clue. Going to keep shoveling money in, though.
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 2/2/18 at 2:25 pm to
Today's decline was caused be the jobs report, low un-employment and a strong economy mean higher interest rates.

"U.S. stock market indexes trade firmly lower Friday as investors digest a stronger-than-expected jobs report that saw bond yields continue their climb"
Posted by TigerstuckinMS
Member since Nov 2005
33687 posts
Posted on 2/2/18 at 2:28 pm to
quote:

Surprised there hasnt been a thread on this, what is the board thinking? I am pulling my roth and an old 401k to holding accounts.

If you're not close to retirement, I'm thinking that you're foolish for trying to time the top of a market to get your money out in the hopes that 1) You've actually correctly identified a top and it's not just a blip and 2) if it is a top, that you'll later correctly identify a bottom to get back in instead of just continuing to invest steadily during what may or may not be a correction.

This is one of the few points on which the crypto guys and I fully agree. HODL. If your investments and investment philosophy are sound, a general marketwide correction is no reason to panic and is just a periodic kick in the nuts. Sure, it hurts, but the pain soon passes and you move on.
This post was edited on 2/2/18 at 2:42 pm
Posted by LSUcam7
FL
Member since Sep 2016
7900 posts
Posted on 2/2/18 at 2:32 pm to
quote:

Today's decline was caused be the jobs report


So good economic report means bad market? Are we back to the good news is bad news market of 2016?

Today’s selloff is nothing more than profit taking and rebalancing. There are plenty of bulls left in this market and company earnings are solid.
This post was edited on 2/2/18 at 2:33 pm
Posted by GoCrazyAuburn
Member since Feb 2010
34858 posts
Posted on 2/2/18 at 2:33 pm to
Just made my 2018 Roth contribution yesterday

Posted by Triple Bogey
19th Green
Member since May 2017
5974 posts
Posted on 2/2/18 at 2:34 pm to
Bond yields are going up, that's the only thing short term that I can see that will cause problems as far as equities are concerned.
Posted by Shepherd88
Member since Dec 2013
4578 posts
Posted on 2/2/18 at 2:38 pm to
So you’re cashing out your retirement over a 3% pullback from highs? Oh boy, this is what makes DIY investors fun to watch...
Posted by jdeval1
Member since Dec 2009
7525 posts
Posted on 2/2/18 at 2:44 pm to
quote:

So good economic report means bad market? Are we back to the good news is bad news market of 2016? 

The wage gains were more than expected which sounds like a good thing (and it is) but it will cause the Fed to ramp up interest rates faster than expected. Imo we need to get back to historically normal interest rates.
Posted by castorinho
13623 posts
Member since Nov 2010
82010 posts
Posted on 2/2/18 at 2:46 pm to
quote:

So you’re cashing out your retirement over a 3% pullback from highs? Oh boy, this is what makes DIY investors fun to watch...
yeah you either:
1- are close to retirement, and your funds are already balanced accordingly.so no need to panic
2- aren't close to retirement, in which case you welcome this.

It may work out for him, but more often than not its a bad idea.


Oh and this is over less than 4% in the past week
Posted by President
Clark and Addison
Member since May 2016
240 posts
Posted on 2/2/18 at 2:48 pm to
The big concern is interest rates. As long as treasury notes are going to go up, the market will fall. Keep an eye on the 10yr notes.
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 2/2/18 at 3:01 pm to
Bud Light's Dilly Dilly at the close
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