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I bought some non-div stocks when the dow was on it's high 11,000's, but sold most of them already. Most of them were gambles, so I barely broke even.
However, I also grabbed a lot of dividend stocks (PFE, INTC, NUE, JNJ, T & MSFT) when the DOW dropped below 11k so now I'm riding high on those purchases. I'm considering keeping them as I like the quarterly dividends and seem like good long term investments but I'm also tempted to sell everything now, as I do believe sh*t might hit the fan pretty soon (war against Iran, oil prices, presidential politics, etc) and this might be the right time just walk away with all the profits. I can always do this all over again once the DOW is low again.
What was your goal when you first purchased these stocks? I'm sure a correction will happen eventually, maybe in a month, maybe in 12 months. I dont see it being anything too major that will make me sell what I've designated as my long term holds.
Israel is not gonna do anything stupid. It's mere sabre-rattling. BRIC holds way too much sway right now to let anything happen with Israel and Iran. If they attack, it only justifies Iran's need for nukes and it would be quite the way for Israel to shoot herself in the foot. In a changing world of Arab springs and more conservative governments forming all over the Arab world (yes, big surprise, those deposed dictators kept the muslim brotherhood in check), it will start an arms race amongst Egypt, Libya, Syria etc., an Israeli attack is what every one of these states needs to justify a nuke arsenal, in the eyes of emerging economies like China, India, Brazil and Russia which are more sympathetic to the Palestinian cause.
The real problem is Europe and the elephant has been put in the corner of the room for obviously the US elections. That's not too hard to decipher. Eventually, some money has to go into the bailout package from America via the IMF and it's not too big of a favour to do, just to pipe things down Greece-side for the interim.
Once elections are out of the way, sovereign debt will dominate the markets for the rest of this decade. It's just inevitable and it's uncontainable cancer.
People and their endless risk aversion. Markets go up and keep going up well past 52 week highs with regularity. Of course they eventually correct but if you get your mindset right i shouldnt be a big problem. The market had a real good fakeout last week as some just couldnt wait for a correction and one bad day convinced them it was here. Corrections are multiple day sell offs into rising volume. Sure waiting for confirmation may lose a few percent from the top, but get serious with yourself and ask how many tops and bottoms in the market have you perfectly called?
I'm no financial advisor, but the best thing we do is hold on and sit still. It has served us well. It was tempting to pull out when the market tanked, but if you have the stomach for it, it is good to wait for a rebound. They usually do come.
I like to hold what I manage for long periods. So I guess I "hold on and sit still" as well. I have aggressive hedge fund investments and let the professionals there "play" the markets for me.
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