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re: More carnage in the stock market on Monday?

Posted on 2/5/18 at 10:57 am to
Posted by YoungManOldMan
Member since Dec 2017
1882 posts
Posted on 2/5/18 at 10:57 am to
I went ahead and bought 25% more shares to average down my position. We going all in.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22238 posts
Posted on 2/5/18 at 11:01 am to
quote:

More carnage
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167120 posts
Posted on 2/5/18 at 11:18 am to
quote:

but it looks like the market is trying to shake it off.


Disregard my earlier comment
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12789 posts
Posted on 2/5/18 at 11:58 am to
I wouldn't be too surprised if it falls to 24,000.
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 2/5/18 at 2:10 pm to
quote:

I wouldn't be too surprised if it falls to 24,000.
Would you be surprised if it happened today?
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167120 posts
Posted on 2/5/18 at 2:17 pm to
Wish I would have bought VIX.X today. Up 100%+
Posted by Janky
Team Primo
Member since Jun 2011
35957 posts
Posted on 2/5/18 at 2:17 pm to
This is crazy. Almost like the flash crash. We just reversed 800 pts.
Posted by Jyrdis
TD Premium Member Level III
Member since Aug 2015
12789 posts
Posted on 2/5/18 at 2:35 pm to
quote:

Would you be surprised if it happened today?


We almost got there.
Posted by Bestbank Tiger
Premium Member
Member since Jan 2005
70913 posts
Posted on 2/5/18 at 9:31 pm to
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 by RevolverKing
Member since May 2017
76 posts
Posted on 2/5/18 at 9:34 pm to
Futures down roughly 1400 right now, looking like 23k tomorrow will be tested
Posted by meeple
Carcassonne
Member since May 2011
9346 posts
Posted on 2/5/18 at 9:36 pm to
My 401k is aggressive in stocks. Should I transfer to stable funds tonight?
Posted by Volvagia
Fort Worth
Member since Mar 2006
51896 posts
Posted on 2/5/18 at 9:38 pm to
quote:

My 401k is aggressive in stocks. Should I transfer to stable funds tonight?



NO.

Posted by RevolverKing
Member since May 2017
76 posts
Posted on 2/5/18 at 9:39 pm to
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 by meeple
Carcassonne
Member since May 2011
9346 posts
Posted on 2/5/18 at 9:54 pm to
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 by RevolverKing
Member since May 2017
76 posts
Posted on 2/5/18 at 9:58 pm to
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 by Volvagia
Fort Worth
Member since Mar 2006
51896 posts
Posted on 2/5/18 at 10:47 pm to
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.
Posted by meeple
Carcassonne
Member since May 2011
9346 posts
Posted on 2/5/18 at 11:01 pm to
Agreed
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