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Ouch, Market Taking a Beating

Posted on 8/15/13 at 8:38 am
Posted by Lsut81
Member since Jun 2005
80101 posts
Posted on 8/15/13 at 8:38 am
Opened down 90, now down 160

Looks like Walmart missed, I'm assuming that is a major reason

Kind of shows how people are really spending their money instead of just going off of Surveys...
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 8/15/13 at 8:42 am to
Time to buy?
Posted by Lsut81
Member since Jun 2005
80101 posts
Posted on 8/15/13 at 8:44 am to
quote:

Time to buy?


Don't ask me, I don't know...
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/15/13 at 8:55 am to
Now down 191.
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 8/15/13 at 8:59 am to
quote:

Now down 191.


What gives? Doing work today is not on my to do list.
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 8/15/13 at 9:00 am to
Yep, this is one of those days where I just turn my head and check back in at 3:00.
Posted by Volvagia
Fort Worth
Member since Mar 2006
51895 posts
Posted on 8/15/13 at 9:01 am to
Hidenderg Omen

:omg:
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 8/15/13 at 9:02 am to
quote:

What gives?
More sellers than buyers....
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
16901 posts
Posted on 8/15/13 at 9:09 am to
yet CVRR is up. i will never fricking understand this stock
Posted by CamdenTiger
Member since Aug 2009
62381 posts
Posted on 8/15/13 at 9:17 am to
quote:

More sellers than buyers....


Next level stuff, right there. Its why I'm no good at this stuff.
Posted by Lsut81
Member since Jun 2005
80101 posts
Posted on 8/15/13 at 9:18 am to
Down 210 now...

Do we end up sub 15k by the weekend?
Posted by RickAstley
Reno, Nevada
Member since May 2011
1995 posts
Posted on 8/15/13 at 9:26 am to
quote:

quote:

More sellers than buyers....




Next level stuff, right there. Its why I'm no good at this stuff.


Yea I had to jot that tidbit down in my notebook. I am absolutely worthless today
Posted by Coach Guidry
Member since Nov 2007
2333 posts
Posted on 8/15/13 at 10:20 am to
Over/Under for the Weekend???
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69896 posts
Posted on 8/15/13 at 11:50 am to
quote:

Yep, this is one of those days where I just turn my head and check back in at 3:00.




Yeah, that's pretty much the only time I check the markets. And even then, I don't get excited unless the markets have been going down 1% or more for several days.

I'm investing $2K/Month in index funds and managed funds regardless of what the markets are doing, I'll buy more when I'm getting a bargain.

Posted by Lsut81
Member since Jun 2005
80101 posts
Posted on 8/15/13 at 12:04 pm to
quote:

I'm investing $2K/Month in index funds and managed funds


How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 8/15/13 at 12:15 pm to
Well people like Robert Shilling, Marc Faber, et al. have been throwing around the "bubble" word a lot the last 2-3 weeks, so it's not like a market correction isn't expected by a lot of people, myself included.

Since we're near the tail end of a lengthy 14-year bearish period for stocks, I don't think prices are terrible for the long term, but I do think that there will be a significant shakeout with home prices and equity prices as economic policy begins to transition, and more talk starts to revolve around a 2nd sequester, ObamaCare implementation, Fed tapering, etc.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
69896 posts
Posted on 8/15/13 at 12:26 pm to
quote:

How do you do this?

I've got leftover money and want to start putting it somewhere. Do you just go through a Vanguard and buy into the same funds over and over again?



Just FYI, That $2K is not "left over money", I invest before I pay any bills, buy any food, or buy any toys. It's off the top, it's paying yourself first. NOBODY gets paid before I pay myself, Not the utility company, not the bank, not THE frickING IRS. Now, I still pay those bills, but my priority is to myself and everyone else can wait in line.


I have a auto draft set up with American Funds and Fidelity. And that $2K goes to the same funds, month in, and month out. When I have leftover money that I want to invest in the market, I can buy funds from either firm in taxable accounts or I can buy stocks in my Trade King account.

Posted by NC_Tigah
Carolinas
Member since Sep 2003
123782 posts
Posted on 8/15/13 at 1:53 pm to
quote:

Well people like Robert Shilling, Marc Faber, et al. have been throwing around the "bubble" word a lot the last 2-3 weeks, so it's not like a market correction isn't expected by a lot of people, myself included.

Since we're near the tail end of a lengthy 14-year bearish period for stocks, I don't think prices are terrible for the long term
+1


quote:

but I do think that there will be a significant shakeout with home prices and equity prices as economic policy begins to transition, and more talk starts to revolve around a 2nd sequester
Several major players, John Paulson among them, suggest real estate, REITs as a potential haven.
Posted by Doc Fenton
New York, NY
Member since Feb 2007
52698 posts
Posted on 8/15/13 at 2:05 pm to
quote:

John Paulson


The same guy who got killed this year on gold?

I think he might be about to walk into the same trap with REITs, but we already discussed real estate a good bit in that thread from last Friday.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123782 posts
Posted on 8/15/13 at 2:55 pm to
quote:

The same guy who got killed this year on gold?
Yep.
Perhaps more importantly, the guy who shorted real estate (subprime) in 2007's "greatest trade ever."
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