T1B

After riding the bench the past 3 months waiting to see if Scott's dire predictions came true, and thus missing out on some faily substantial gains in the process, I'm back in the deep water.

No sweat, Scott... I didn't lose a dime, but those bond funds sucked. Returned like 1% while the stock portfolios I was in returned around 10%.

To be honest, I took your advice only partially , and moved half my funds into those low risk junk bonds. The rest I kept right where they were.

But instead of a rather large CHA-CHING, I'll have to settle for a modest cha-ching.

Oh well, better safe than sorry yadda, yadda, yadda... but fuck that noise from now on. The Dow just hit another all time high yesterday.

I'm a gambler, and I'm in it to win it.

Good Luck Wags.

I've missed about 10% myself - but I'm still sleeping well at night.
I've never professed to be an expert - only offering my opinion.

Now in my opinion, this is the absolute worst time to jump back in.
It's earnings season and the market has already taken some hits over the past couple days - particularly tech.
Oil is also falling, and this is affecting the large cap indexes and dow.
Bernake's talking about inflation so any rate cut the tech run has been based on is off the table for the foreseeable future.

But lGee what do I know, since I've been calling for a major correction since October.

Still staying put in cash - and if it doesn't correct by the end of then I'll continue to wach and make decision based on what I see the market doing.

Right now I see it continuing to form a top.

KC Scott wrote:Now in my opinion, this is the absolute worst time to jump back in.

I totally agree.

Why the hell would you jump back in when the market is sitting at an all-time high ... ?
I'm not saying I agree with Scott on a large meltdown, but it IS going to fall back down some, IMO.
THAT is when you jump back in.

Hey, you've already missed out on some gains.
Suck it up and miss out on just a bit more, but don't be a goober and jump in when the bottom is waiting to fall out.

Wait it out just a bit longer.
When the market tanks a bit, jump back in when the prices are low.

I'm no expert either, but I think it's just common sense.

poptart wrote:

KC Scott wrote:Now in my opinion, this is the absolute worst time to jump back in.

I totally agree.

Why the hell would you jump back in when the market is sitting at an all-time high ... ?
I'm not saying I agree with Scott on a large meltdown, but it IS going to fall back down some, IMO.
THAT is when you jump back in.

Hey, you've already missed out on some gains.
Suck it up and miss out on just a bit more, but don't be a goober and jump in when the bottom is waiting to fall out.

Right. That's what I was saying to myself at the end of October, at the end of November, and yet again at the end of December. I will NOT, I refuse, nyet, aint gonna' happen, to be saying that to myself come the end of January.

Watching other people make money hand over fist whilst I stand on the sidelines nervously clutching at my purse strings ain't the way I wanna' roll, boys.

But I'll watch the markets closely, and at the first sign of serious trouble, I'll git. That's what I should have done in the first place.

Sin,
Wags High Roller

Wagon, the market has gone up steadily for 6 straight months.
November, December, and January are historically the BEST months for the market.

The thing is poised for a drop .... pretty damn soon, IMO.


Your money, do as you see fit.

Just offering my own view.

KC Scott wrote: Still staying put in cash - and if it doesn't correct by the end of then

Is that anything like the 12th of never? :)



Yeah, I'm staying out, too. I've been watching although not analyzing, and things just seem too unstable for me to take a risk, especially since I'm still learning about this stuff.

Mister Bushice wrote:

KC Scott wrote: Still staying put in cash - and if it doesn't correct by the end of then

Is that anything like the 12th of never? :)

Bwa - Ever have your mind going faster than you can type?

What I was trying to say was I am waiting till earnings season finishes up and then will determine whether to get back in now.

Technology is getting sold off (gee too bad I was only 4 Months off on that call)
And I see the large caps running on fumes.
I'm seeing some money flow moving to Bonds - Wags timing is bad.

...tentative signs of stabilization in the housing market.

Tentative my ass. We've seen orders roll in this week that filled the backlog out thru Feb. and put everyone on overtime. Contractors damn sure aren't being tentative these days.

Right. That's what I was saying to myself at the end of October, at the end of November, and yet again at the end of December. I will NOT, I refuse, nyet, aint gonna' happen, be saying that to myself come the end of January.

Cha-Ching

Yep, glad that I got back in when I did.

mvscal wrote:
Not much, evidently. You need to find whomever is feeding you all the bullshit you believe and punch him in the face.

Ho hum...another day another record.

Do you own the DIA ETF?
Do you own any dow components?

If the answer is no, then your not profiting from the Dow.
If it's yes - then Congrats.

As for the overall market - the Naz is what I watch as a barometer, and it looks to be making a head and shoulders pattern over the last 3 months. If this plays out, it will take out 2400 within the next 2 weeks. If it doesn't and the Naz closes above 2520 I'll bury my bear.

So - How much did you lose there, whiteyspan?

Mister Bushice wrote:So - How much did you lose there, whiteyspan?

Don't know yet. I'll know tomorrow.

Just numbers on paper, though. The recovery will be quite epic, despite Scott's dire predictions.

I'm in it for the long haul. No more hand-wringing here.