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So, it took 18 months but here we are. How much loss can you tolerate? I'm out of the market for now so I am not willing to tolerate much!!
at least you didn't have to tolerate the more than 5% up day in nasdaq and ALMOST 1000 point rise in the dow...
this is why you can't time this ..
odds are no one trusts this move . but tomorrow could be up 1200 ... so now what do you do ? do you wait or buy in 2400 points later ? human nature says wait until it drops again , only what if it goes higher ?.. well now you know why you had so many waiting and waiting to get back in back in 2008 .
this is why the typical small investor hurts themselves with their visions of getting in at some low .
Last edited by mathjak107; 12-26-2018 at 01:53 PM..
Surprised that this dead cat has no long-lived bounce again this morning. I mean, it's up for the first hour or two of trading as a few hopefuls bet on a bounce, but then the super-short-term profits get taken by coffe time, and everybody else loses their shirt by close. Every freaking day, now.
Talk about a pattern change. Looks like we're nowhere near the bottom.
There has been a "rebalancing" of multiple pension funds out of bonds and into stocks to the tune of $64 BILLION DOLLARS at the end of this quarter.....think the bounce ( a dead cat to be sure) might be related??
It is only a matter of time before we enter the next bear market. I am trying to prepare for it mentally and emotionally. I am use to seeing my 401K and Fidelity account at a certain level. On occasion it has dropped 5-10% and I can take it but if the stock market drops 40-50-60% like it did in 2000-2002 and 2007-2009, I may panic and bail out at the bottom. I did both times!
Are you ready for the next HUGE BEAR MARKET? and will you panic like I did?
The above was written on 3/6/2017 when the Dow was at 20,900. It went down slightly after the comment was written, but then continued to climb slowly to 26,600. Today, 12/26/2018, it is at 22,800 having gained 1000 points - an event almost no one on this board saw coming.
Anyone got any thoughts?
at least you didn't have to tolerate the more than 5% up day in nasdaq and ALMOST 1000 point rise in the dow...
this is why you can't time this ..
odds are no one trusts this move . but tomorrow could be up 1200 ... so now what do you do ? do you wait or buy in 2400 points later ? human nature says wait until it drops again , only what if it goes higher ?.. well now you know why you had so many waiting and waiting to get back in back in 2008 .
this is why the typical small investor hurts themselves with their visions of getting in at some low .
I agree.
We keep some cash, have some real estate income, and then we pick our stocks (2 of them) and keep them.
NVTA for about 2 years and BEAT for about 3 years. Other than options I have not made a single move in all that time. And probably won't for a couple of years.
The individual investors sold last week and Monday, the traders come in day after Christmas (when all individual investors are sitting around at home) and buy up everything for rock bottom prices. I feel for people that panic sold past week
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