Sensei's account talk

[Sensei]

Flying out to LA at noon Monday, so need to go to bed. I just read that they're trying to get the debt deal resolved before Asian markets open. That's in about 8 more hours. We'll see...

If the deal gets done, I'm holding S until we see the next Sentiment Survey. If the deal doesn't get done, I'm thinking of going a little more defensive, like 20% in each fund. I don't want to get out entirely, but don't want to be completely exposed.

Looking forward to the Spaghetti Factory, In N Out, dim sum, Korean food, Baja Fresh, the list goes on!

 

[TSPIntel]

Have a nice and safety fly. I think I will stay till Friday the 29th, day before New Moon. Have a Nice Trip.

 

[Sensei]

Have a nice and safety fly. I think I will stay till Friday the 29th, day before New Moon. Have a Nice Trip.

Thanks! The flight was safe, which is the best I can say about it. At risk of whining excessively, I'll just say that United Airlines is not the "friendly skies". Each time I fly with them, I swear it will be the last, then I see that with just a few more miles I can get a free flight somewhere... they have me hooked.

Hopefully Disneyland will live up to its "Happiest Place on Earth" moniker, as that's where I'll be spending the next 2 days. It's never disappointed me in the past.

I'm still in the S-fund, but somehow glad to be down less than 2% so far. I think everyone agrees it could have been worse. Sticking 'til Friday's sentiment survey results.

 

[Sensei]

Geez, I thought I was spending a lot of money during my summer vacation back to LA, but I've blown way more money by wearing sticky pants in the S-fund throughout this correction/crash we're currently going through. I've now managed to catch the full brunt of both of these last corrections. I suck. This whole game sucks. The only good news is that I still have 29 years before I'm 65. Maybe I'll just never retire, then my TSP will be irrelevent.

 

[nasa1974]

Geez, I thought I was spending a lot of money during my summer vacation back to LA, but I've blown way more money by wearing sticky pants in the S-fund throughout this correction/crash we're currently going through. I've now managed to catch the full brunt of both of these last corrections. I suck. This whole game sucks. The only good news is that I still have 29 years before I'm 65. Maybe I'll just never retire, then my TSP will be irrelevent.

What sucks is that we have to trade before noon eastern time and we only have 2 IFT's.

 

[WorkFE]

Sensei,
Missed opportunity. It sucks but any move at this point would be, IMO, reactionary and do more harm than good. We thought long and we were wrong. If you don't think the values of the funds are every going to return why bother contributing. Its nice to be right every now and then but we just were not this time. Time at this point is your friend. It's your move.

 

[Birchtree]

Ah, it ain't that bad yet. The VIX at 23.81 - 0.98 is telling its own story today - there will be a rally later today when all the sellers are exhausted.

 

[RealMoneyIssues]

Ah, it ain't that bad yet. The VIX at 23.81 - 0.98 is telling its own story today - there will be a rally later today when all the sellers are exhausted.

Nice try BT. Would love for you to be correct, but nothing is making sense... TA, emotions, the damn government...

Getting out now while I still have some money.

 

[Sensei]

I'm not getting out. Like I said, 29 years to go. I think the market will have recovered by some extent by then.

 

[Birchtree]

29 years from now the Dow could be well over 30,000. I hope I live that long.

 

[felixthecat]

I know I read this morning that no matter the gloom...when the market has been down 8 days in a row...and other than 1978...most likely will have an up day. Looking for a rally in the afternoon. Could be wrong...however...I don't feel it in any way as being wrong. Feels right.

 

[Birchtree]

The R2K is only down -1.45 currently - I can feel the rumble building for a stampede.

 

[jpcavin]

Nice try BT. Would love for you to be correct, but nothing is making sense... TA, emotions, the damn government...

Getting out now while I still have some money.

Why lock your losses? Do you need your money this year? Sit tight and wait it out..

 

[DakotaKid]

If you believe that the ride is going lower (substantially lower, not a dip), why not lock your losses (or cut your losses) and wait for a better entry point? We're not all Birch here...

 

[Birchtree]

The last time the Dow lost 9 days was in 1978 when yellow back Jimmy was president. Nov. 2012 can't come soon enough for me.

 

[WorkFE]

(substantially lower, not a dip)

That is the key: substantially, Fire does not just burn those who held on. It can get you in the opposite direction as well.
My point is, given the amount of time (29 years), would moving now be worth it. I don't know where the market is headed and anyone on here that claims they do (100%) are playing a fools game.

 

[TSPIntel]

The DOW went from 11,000 to 7,000 back to 14,000 then down to 6,000 and back to 12000...
I will not be surprise if it goes to 16000 few years from now.

 

[Sensei]

Back from vacation with a heavier credit card balance and a lighter TSP account. The vacation was awesome though. Spent the last 4 days in Hawaii, not thinking or even caring what was happening in the stock market.

 

[Sensei]

Looks like I'm going to be taking it squarely on the chin again today. And I go back to work in the morning. Argh. I think I'll check where my Dodgers are in the standings. Oh, wait a minute...

 

[Sensei]

I'm looking for two consecutive green days, and an exit for the rest of this month. I was hoping Monday & Tuesday would be provide me a chance, but Asia is starting out a little south of center.

In the meantime, I'm going to double my bi-monthly DCA into my personal stock portfolio. I guess I should up my TSP contribution too. Who knows how long that would take to process?