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Personally, I'm kind of hoping this Greek nonsense will finally knock this market back a but. I'd like to get a few more stocks on my watch list back into the buy zone.
Stock futures are looking pretty healthy this evening. Maybe I'll jump back in if there's enough bloodshed
so even if we fell 1-1/2 % today , in the long term scheme of things that difference would amount to near nothing in the sceme of things , hardly worth the risk of bailing in the first place ..
plus on the other hand if you bought in today and we slid 1000 points from here ,did you really accomplish any thing bailing out in the first place ?
so even if we fell 1-1/2 % today , in the long term scheme of things that difference would amount to near nothing in the sceme of things , hardly worth the risk of bailing in the first place ..
plus on the other hand if you bought in today and we slid 1000 points from here ,did you really accomplish any thing bailing out in the first place ?
I guess is someone has a weak sauce investment account balance in the grand scheme it would mean nothing.
Looking at long term charts and fundamentals the DOW should be trading around 14,000 and the NASDAQ trading around 4000... now stock markets can trade overvalued for a long time so that's fairly meaningless.. however even longer term 20 year charts show we've become disconnected from reality since about 2013... along with record low volumes granted a lot of trades are supposedly "dark market" trades that take place off the open market these days.
It's hard to want to go into long positions here on a broad market basis.
Also... people pay too much attention to day to day movements along with the market 'futures' which are pretty meaningless... 75% of the time when the futures show a really low open the market recovers anyways. Actually those odds are good for day traders because any time the market opens really low they can just go long and the odds favor them making money by the end of the trading session.
so even if we fell 1-1/2 % today , in the long term scheme of things that difference would amount to near nothing in the sceme of things , hardly worth the risk of bailing in the first place ..
plus on the other hand if you bought in today and we slid 1000 points from here ,did you really accomplish any thing bailing out in the first place ?
Profit is nonlinear because everyone's entry price is different. So, a 2% drop translates differently for each portfolio. We have been slaves to the "buy and hold" philosophy. The Greece default (soon to be) was not unexpected. Any rational being would have sold positions last week and then reenter in the market in mid-late July. But we are not rational because "you can't time the market" has been repeated so many times that it has become a fact.
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