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Or you can now use TapaTalk again!350Z's I fund thread OCT 07
- Thread starter 350zCommTech
- Start date
- Status
350zCommTech
Well-known member
After a nice recovery early this morning, Mr. YTC (Yen Carry Trade) is at it again.:worried:
Somebody out there is scared! Tech seems the only thing keeping this market from really falling apart. Apple reports Monday after the bell.
350zCommTech
Well-known member
Currently down 14 cents.
350zCommTech
Well-known member
Currently down 18 cents.
350zCommTech
Well-known member
Down 25 cents.
350zCommTech
Well-known member
James48843
Well-known member
It could be that the whole world sneezes by catching our oil price/sub-prime/faultering housing cold...
AaaaCHHooooo!elephant89501
New member
I just got back in town after a nice long cruise vacation; however, it looks like I missed the boat by being in the market during the past week. Do you guys see their N. Iraq and Oil situation continuing to drive the market down until fed meeting? I've kind of got my trunk in a knot over what to do, ride the market down or get out!
James48843
Well-known member
I bailed.
If you look at stockcharts.com, the S&P chart is now in a downtrend. My guess is that it will go down to around the 1490 level before rebounding. If that doesn't hold, there is a WHOLE lot of downside before the next major resistance points around 1400.
See: http://stockcharts.com/charts/gallery.html?$SPX
And when it goes down, it is looking like the rest of the world is doing the same.
We all have our own opinions- and you are certainly entitled to your own level of risk/reward comfort level, but the chart is saying to me now to be on the sidelines because a real potential downdraft is present.
My opinion, and mine only. Yours may vary. No purchase necessary. Except in Nebraksa. No valid with any other offer. Need not be present to win. Side effects may include nausea and vomiting. And if your money and the stock charts stay up longer than 4 hours, see your doctor immediately.
Frixxxx
Moderator
We're looking at a 2% loss today and you say that? :blink:
Can you post that information somewhere for review. I keep hearing about these "cycles" but am at a loss where to find them. I don't have the time to get all the research myself as I am still trying to swallow the fact I have 28 years until retirement.
Enquiring minds want to know!
Birchtree
Well-known member
We are a long way away from the fires of hell yet my friend. These types of corrections with volatility are becoming the norm - realize where you are in height. I'm like a fool still looking for 2,000 points in the next two months - no make that 2,300 points to Dow 15,900. Snort.
Birchtree
Well-known member
You're at negative 10%? You should consider that as golden because if you aren't bunny hopping around your allocation contributions will redeem you over time. You always should be gratious when you can accumulate shares on their lows because you buy more shares and that's how you'll end up with better than a 40,000 share position by the time you retire. Can you imagine making $40,000 a point in a fund you chose - I can.
Frixxxx
Moderator
Wrong choices I'm sure.... I'm thinking about the L2040 for the next ten years and then start looking at making moves.
If shares are more expensive on the day you buy, that means the shares you already have made money?
James48843
Well-known member
Sorry Birch- not all of us are as old (and as wise) as others. 40K on a one point move? I've still got a LONG way to go till then..... By the way, if you ever get tired of trying to maintain all that cash, you can always toss some my way, and I will happily take some of the load for you.
DCguy and Frixx- all of us have our own styles, and our own risk tolerence. You both said you were fairly new- the good news is then that you have an early start. I wish I had been able to start earlier than I did, but it was hard to save for retirement on a PFC's pay, a SPC's pay, or even SGT E-5 pay. I wasn't able to really start until I was early 30's.
Don't worry- while it is true the market goes down from time to time, it also goes up from time to time, so either you take the approach like Birch there, (which is a solid buy and hold strategy) and have a lot of years to do it with, in which case you'll be fine in your old age, or....
you choose to take a different tack, you control your own moves, and you learn from your mistakes, as well as the mistakes of others, and do better as you learn and become wiser.
Two schools of thought. Neither is wrong. Both can be right.
Each person has to figure out what works best for them.- Status
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