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Old 12-27-2018, 06:58 AM
 
71,763 posts, read 71,853,273 times
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not really , i don't think there is a whole lot more downside from the lows we have seen , maybe 10% or so more to go ... but even if there is more my standard models provide over a decade of fixed income so i can wait it out .

it served its purpose and spared me tens of thousands in additional drops .
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Old 12-27-2018, 07:01 PM
 
Location: Pueblo area
213 posts, read 122,475 times
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Quote:
Originally Posted by mathjak107 View Post
markets have always been a way of transferring wealth from the impatient to the patient
Let me guess. You work for Lotto or a casino. You can use my slogan “Bored with that work and saving nonsense, just buy a win for life lotto ticket”.
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Old 12-27-2018, 07:15 PM
 
Location: NE Mississippi
13,689 posts, read 8,598,131 times
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Quote:
Originally Posted by loves2read View Post
It is not always about long-term anymore
This market encourages trading short term
Not saying people still can't make money/grow their assets using buy-and-hold strategy and out waiting periods of volatility and corrections
But if there is someone on each side of a trade--
Every time one loses money, the other axiomatically is making money...
"This market encourages trading short term"......... I don't know why you say that. I'm not a short term trader, nor do I own many stocks. I do know an awful lot about the ones I own (NVTA & BEAT). Short term trading is encouraged by myriad sources and most of them have a reason to encourage it. They remind me of tobacco companies the way they encourage a bad habit.



"Every time one loses money, the other axiomatically is making money" ..... Can't be true. Of all the money lost in GE, for example, I can't picture how someone else made money. Everyone loses money is cases like that. No matter when they buy. And the company is worth less and less. In the end it may be worth Zero. The money is all gone and no one has it. It's gone.
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Old 12-27-2018, 08:28 PM
 
Location: Somewhere in deep in Maine
3,665 posts, read 2,815,751 times
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My grandfather always bought high and sold low. Lots of people do it that way. Without a lot of sound knowledge of the stocks you are buying, and their track records, along with some good measures of prediction(which work about as well as weather predictions), its really a cr@p shoot.

My pension has almost 100 billion under management, and they have the resources to not lose money unless things get really bad.
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Old 12-28-2018, 02:47 AM
 
71,763 posts, read 71,853,273 times
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Quote:
Originally Posted by CatPeople View Post
Let me guess. You work for Lotto or a casino. You can use my slogan “Bored with that work and saving nonsense, just buy a win for life lotto ticket”.
you would be guessing wrong
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Old 12-28-2018, 04:41 AM
 
71,763 posts, read 71,853,273 times
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futures up almost 200 .....

think about it , we could see an entire years average gains which are 8-10% in just 3 trading days .
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Old 12-28-2018, 05:44 AM
 
12,046 posts, read 5,146,469 times
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Quote:
Originally Posted by mathjak107 View Post
futures up almost 200 .....

think about it , we could see an entire years average gains which are 8-10% in just 3 trading days .
It goes up and it comes down. It goes down, and then comes up. Nothing to lose sleep over right now. As long as the economy doesn't tank, neither will stocks
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Old 12-28-2018, 06:44 AM
 
71,763 posts, read 71,853,273 times
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exactly ... this time is nothing different . markets just do their thing in minutes when they don't like something they see . as long as we don't tank the economy we will recover .

the chaos in washington , the fed and the tariff's can all push us closer . many will be spending less too when they feel poorer . that can do it . the economy is the wild card .

Last edited by mathjak107; 12-28-2018 at 07:02 AM..
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Old 12-28-2018, 08:01 AM
 
9,713 posts, read 4,572,717 times
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Quote:
Originally Posted by slyfox2 View Post
My grandfather always bought high and sold low. Lots of people do it that way.

That's what happens when you listen to the analysts, who are issuing upgrades and praising stocks when they are hitting highs, and issuing downgrades and trashing stocks when they are hitting lows.
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Old 12-28-2018, 08:12 AM
 
2,463 posts, read 2,106,176 times
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Quote:
Originally Posted by marino760 View Post
It goes up and it comes down. It goes down, and then comes up. Nothing to lose sleep over right now. As long as the economy doesn't tank, neither will stocks
Agree entirely. The other factor that does not seem to be acknowledged is all those fund managers acting to give them the right results. It seems there is play to end up on a high note and earn their fees. Obviously, can't control things but definitely factor into it.
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