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The thing is, I don't really even follow the markets, so emotions such as "being left behind" don't play into this for me. I don't expect to retire for at least 30 more years, so in the long term, it hardly matters anyway.
I would just ask you why you invested a couple of weeks ago? If it was simply a matter of your personal money and time frame, then my comment has no bearing. You might even consider your investment a time/market averaging one, which is typically good for longer term diversification.
But timing does matter, and a very big reason why most don't get rich long term in the markets.
I don't try to "time" the market, because my investment time frame is over 30 years. Of course, the majority of my account is funded by regular payroll deductions, but I do on occasion make one time contributions outside of that to my various accounts. Unfortunately, I don't have a crystal ball and can't see what the market will do in two weeks, let alone two hours.
I may have bad luck with my timing, but at least I'm making an effort and I've already grown a nice balance over the years. The term "rich" is subjective, but compared to most people who don't save anything, and depend on social security to fund their retirements, I think I'll be OK
Sounds like you're doing fine.
I've been into this since the late '70's. And although I generally don't 'time', sometimes I do and have. I'm in a doctor group of about 10 docs. And when the other 9 are 'all in', I typically find ways to get out. Or at least more 'out'. This worked out the best for me in the late '90's with the Internet boom, and again in 2006 with the housing boom.
1) Wednesday's was actually a big DOW increase, so there is a correction to that.
2) Comments by Mario Draghi of Europe's Central Bank suggest weaknesses need to be addressed in European economies.
3) Continued concern over Syria/Iraq/Turkey
4) Slowed economic growth in China
5) Correction to a stock market that had gotten ahead of global economic growth
6) Weakness in the chip manufacturing sector
The thing is, I don't really even follow the markets, so emotions such as "being left behind" don't play into this for me. I don't expect to retire for at least 30 more years, so in the long term, it hardly matters anyway.
Ratso! I wish I wasn't retiring for another 30 years.
Speaking of which, gas prices were generally under $3 the past few days here in DFW.
And what do you know? NO mentions of Obama and gas in the same sentence lately. What a coincidence...
That's because Republicans know that the president has no control over the price of gas but think nobody else knows this.
So when it's high, it's Obama's fault. When it's low, it's due to market conditions.
There Is No Mystery To Today's Selloff
quote: This is important as virtually all of the mega rally in the last 5 years has come in the Fed balance sheet expansion periods. The other periods have been more challenging for markets.
There Is No Mystery To Today's Selloff
quote: This is important as virtually all of the mega rally in the last 5 years has come in the Fed balance sheet expansion periods. The other periods have been more challenging for markets.
I predicted volatility years ago, when first learned about the stock market....
People always ask what is the reason behind the latest trend: well, there isn't one. At least one that makes sense. As there was no logical reason for the last long rally. It's like a flock of sheep - when one or two turn in a specific direction, all others follow. Next, some smart people try rationalizing why all sheep moved to one place. So now it depends how many investors will be selling. If they don't stop soon, it will be a stampede.
The only tool in the FED toolbox, used for "propping up" as you call it, is QE.
As posted earlier in this thread, QE is almost finished and has been reduced dramatically, every month since Janet Yellen took over.
quote:
Goldman's quiet and out of place admission that what matters for a country's central bank is the flow of its purchases, not the stock
... it may be not just the stock of securities held by the Fed but also the ongoing flow of purchases that matters for yields...
Its october, which always begins a sell off before everyone else sells of..
Taxes are due soon.
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