The Stock Market

Jack · Post by **Jack** » Mon May 22, 2006 5:35 pm

Who is taking the biggest beating??

I'm down about 10 Grand since my peak in April, granted most of that was profit . I'm still holding on to my stocks and mutual funds...

but it is starting to concern me..

Anyone else willing to share war stories??

ElvisMonster · Post by **ElvisMonster** » Mon May 22, 2006 5:55 pm

Blue Horse Shoe loves Anacot Steel. But you didn't hear that from me.

mothster · Post by **mothster** » Mon May 22, 2006 5:57 pm

pioneer aviation.............pioneer aviation

poptart · Post by **poptart** » Tue May 23, 2006 8:01 am

Long term, this is nothing more than the tiniest of bumps in the road.

Think long term or you'll yank your hair out.

Hey, the market dropped 23% in ONE day in Oct of '87.

Nothing like that has happened currently.

At the moment of this typing, the Dow is slightly ahead of where it was right before 9/11 took it's legs right out from under it.

Until this 'correction' is over, just don't look at your portfolio.

My own opinion is that the 'drop' is almost over, and after that it'll be somewhat bumpy the rest of the year, with the markets pushing up slightly over current levels by year's end.

'07 should see the markets make significant gains, barring of course another major event such as 9/11, which IS possible.

Of course you could liquidate right now, take a large wad of cash and bury it in a can in your back yard.

Does that sound like a better idea than staying the course ...?

Just close your eyes and hang on, Jack.

You've got a pair, don't ya ... ?

Jack · Post by **Jack** » Tue May 23, 2006 2:53 pm

poptart wrote:Long term, this is nothing more than the tiniest of bumps in the road.

..............

Of course you could liquidate right now, take a large wad of cash and bury it in a can in your back yard.

Does that sound like a better idea than staying the course ...?

Just close your eyes and hang on, Jack.

You've got a pair, don't ya ... ?

Poptart, just conversating....

I have held on for years and have been rewarded.. It's just that most of my rewards have been lost in the last couple of months..

I did Mutual Funds for years with a few stocks and 4+ years ago (right after 9/11), started to build my own Stock Portfolio.

Hopefully, it was just a bump... Today, we are up 1% or so..

A.C. Crut · Post by **A.C. Crut** » Tue May 23, 2006 3:05 pm

It's not a sprint, it's a marathon.

poptart · Post by **poptart** » Tue May 23, 2006 3:19 pm

Exactly, and Jack, despite the trainwreck of the past couple of weeks the Dow is still UP for '06.

NASDAQ and S&P may be down slightly for '06.

Hey, you can't be hurtin' too bad.

War Wagon · Post by **War Wagon** » Wed May 24, 2006 12:55 am

poptart wrote: Until this 'correction' is over, just don't look at your portfolio.

You've got a pair, don't ya ... ?

I'll take contradictions for $1000, Alex. :)

Staying the course here as well. 100% of my 401k is in Stocks, and there it shall remain.

Last 15 years overall performance out front should tell me.