-
Please read our AutoTracker policy on the IFT deadline and remaining active. Thanks!
-
$ - Premium Service Content (Info) | AutoTracker Monthly Winners | Is Gmail et al, Blocking Our emails?
Find us on: Facebook & X | Posting Copyrighted Material
-
Join the TSP Talk AutoTracker: How to Get Started | Login | Main AutoTracker Page
-
The Forum works well on MOBILE devices without an app: Just go to: https://forum.tsptalk.com ...
Or you can now use TapaTalk again!
Psychology and the market
- Thread starter tsptalk
- Start date
James48843
Well-known member
GGAl, I hate to break this news to you, but Ronald Regan was the President of the United States at the time when the market got hit with the worst decline in history-
It was a Monday. I remember because I lost a lot of money that day.
October 19,. 1987, with Ronald Regan as President, our Dow Jones fell 22.6 percent in one day.
mlk_man
Banned
You were fine until you made this little comment. Two men means "coming out of the woodwork"? Also, you say that the market turned around after Reagan's speech but then next thing you say is that your original comment was just a joke. Now we get this little male bashing post.
I wonder who the real ones not surprised are.
James48843
Well-known member
Ok=
Psychology time.
This morning, I looked at the early strength, and thought I saw a good opportunity to catch a bounce in the "I" upward tomorrow.
Then, I saw Tom move OUT of the market today, after I moved INTO the market.
Now, I see this huge force downward moving.
Lots of psychology today.
What are people thinking? Are we at a near panic point for the general public?
Or is this the buying opportunity of the year?
You have to admit, it's a nice 10% decline from the high, and then some, and stocks are "on sale" now.
Where will the bottom be?
12,000 Dow?
10,000 Dow?
Psychology time.
This morning, I looked at the early strength, and thought I saw a good opportunity to catch a bounce in the "I" upward tomorrow.
Then, I saw Tom move OUT of the market today, after I moved INTO the market.
Now, I see this huge force downward moving.
Lots of psychology today.
What are people thinking? Are we at a near panic point for the general public?
Or is this the buying opportunity of the year?
You have to admit, it's a nice 10% decline from the high, and then some, and stocks are "on sale" now.
Where will the bottom be?
12,000 Dow?
10,000 Dow?
vectorman
Active member
I moved out in a "sell the rally" move. Unfortunately, by COB we had no rally. We will get a decent rebound soon - but it may be another selling opportunity.
The thing that spooks me most is that the market is not bouncing from extreme oversold conditions. That's new and a concern.
vectorman
Active member
" The thing that spooks me most is that the market is not bouncing from extreme oversold conditions. "
That's when the panic starts to take hold.:worried:
Everyones' rush to keep 4 years worth of profits causes the situation to get worse. And in my mind this all snow balled after Cramer exploded on TV, getting the media to start scaring the heck out of the world. Besides, its the big dogs game, we just hope to hang on to the leftovers.
Birchtree
Well-known member
In times of panic I try to remind myself: What's easy to do is almost always the wrong thing to do. And what's hard to do is almost always what makes you money. It has worked for me on and off over many years. In November we'll look back and think....how silly we all were. Some will hold and many will run, only time will be the judge.
ATCJeff
Well-known member
Tom wrote.......
This is the only reason I bailed today. We are not seeing the bounces.
This is the only reason I bailed today. We are not seeing the bounces.
James48843
Well-known member
I absolutely concur.
Very odd.
I am trying to remember a period of similar behavior- the 10% correction and the accelerating downward thrusts. I am thinking this is more like January 1991. But the financial market is totally different and the outside influences are totally different this time. Which means that what we are seeing COULD be a cascading of letting off steam for the longer term run up, not just a simple 10% sell off before resuming upward. The housing market rules. Look at the parallels between the current state of the housing market, (and the NAHB confidence numbers) now and January 1991. That is a better clue as to what is next.
And it is not pretty.
Bullitt
Well-known member
Bullitt
Well-known member
No wonder everybody is happy, it's nearly vertical right now. What ever happened to buy low, sell high? Let me guess- We've still got a long ways to get to match 2007 so right now you're actually buying low.
View attachment 9133
View attachment 9133
Similar threads
