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McDuck's Account Talk
- Thread starter McDuck
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McDuck
Well-known member
Re: Greg's Account Talk
http://latimesblogs.latimes.com/money_co/2008/10/just-19-more-da.html
http://latimesblogs.latimes.com/money_co/2008/10/just-19-more-da.html
- "Just 19 more days like this one and the Dow Jones industrial average will be at zero."
- Today "The Dow lost 508.39 points, or 5.1%, to 9,447.11, its lowest close since September 2003."
- "By the classic bear-market yardstick -- a minimum 20% drop in a major stock index -- the S&P 500 now has experienced a bear market in just 12 trading sessions: The index has fallen 20.6% since Sept. 19."
- Measured from its record high a year ago, the S&P now is down 38.3%.
- "Who is so desperate to get out? Many analysts point to hedge fund managers, who are believed to be facing another round of massive redemption notices from clients who want their cash back."
- "Some analysts say there still are too many market pros reluctant to exit stocks because they’re sure a bottom is near."
McDuck
Well-known member
Re: Greg's Account Talk
I IFTed today before the deadline to 33%S from 100%G in hopes of catching a short-term dead-rat bounce (maybe 10%).
At the 12-noon-deadline, DWCPF was down almost 6% and at the 4PM-close it was up 1%. So, the rat bounced during today's FRTIB-deadzone. I would have stayed in G if I had known that would happen. Nice system we have to work within
:suspicious:.
I IFTed today before the deadline to 33%S from 100%G in hopes of catching a short-term dead-rat bounce (maybe 10%).
At the 12-noon-deadline, DWCPF was down almost 6% and at the 4PM-close it was up 1%. So, the rat bounced during today's FRTIB-deadzone. I would have stayed in G if I had known that would happen. Nice system we have to work within
:suspicious:.
McDuck
Well-known member
Re: Greg's Account Talk
I should have IFTed back to 100%G the very next day. It has not been as high as it was on the 14th.
I should have IFTed back to 100%G the very next day. It has not been as high as it was on the 14th.
Re: Greg's Account Talk
Sorry to hear that greg. A lot of us were bearish, but who'da thought we'd see 40% to 50% in 10 months? Ouch! Just a year ago we were saying we had not seen a 10% correction in almost 5 years. So a 20% drop sure sounded like a good buying opportunity. Who knows how much worse it can get, but it certainly can - get worse.
Sorry to hear that greg. A lot of us were bearish, but who'da thought we'd see 40% to 50% in 10 months? Ouch! Just a year ago we were saying we had not seen a 10% correction in almost 5 years. So a 20% drop sure sounded like a good buying opportunity. Who knows how much worse it can get, but it certainly can - get worse.
McDuck
Well-known member
Re: Greg's Account Talk
That should have been "the I-Fund will be down close to 50%."
I'm down about 12% for the year, which I'm OK with. Thanks for the empathy Tom anyway.
That should have been "the I-Fund will be down close to 50%."
I'm down about 12% for the year, which I'm OK with. Thanks for the empathy Tom anyway.
Re: Greg's Account Talk
Currently down -46% You don't have far to go ! I wonder if the (C)&(S)
have to go that low before this all ends.
Currently down -46% You don't have far to go ! I wonder if the (C)&(S)
have to go that low before this all ends.
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