Market debreif

[Expensive Date]

I am too afraid to watch.

I thought you Michigan guys were tough:26:

 

[augie58]

Right in the video the lady says "her and her husband bought more house than they could afford." Now she says "stop the foreclosures the government needs to keep me in my house." I say bull*** we can not reward bad behavior.:03::03:

 

[BBB725]

Right in the video the lady says "her and her husband bought more house than they could afford." Now she says "stop the foreclosures the government needs to keep me in my house." I say bull*** we can not reward bad behavior.:03::03:

It's not her fault, "the banks made it too easy"

Right they found her the house and forced her to buy it.

 

[fund razor]

I am really an Ohioan, ex date. We are tough, but cheap.

I was thinking that a "new age bottom" would be about 7325.

Boy was I wrong.

 

[Expensive Date]

Thats about what I thought I didn't think we would breech the November lows but we did.Problem is if we go into 6s the stop losses on managed funds will start to kick in and this could be another black Tuesday

 

[fund razor]

I should have cashed my Mom out in October. Her losses have been significant, and she is entering a managed-care facility today. Part of my fear comes from that.

I hope some good news inspires some bargain hunting. Downside (for me, anyway) of that looks like oil will follow any uptick.

 

[Boss252]

Watch out Obama is on tv tonight. You know what that means for the market tomorrow.

 

[tunnelvision69]

he's friends with terrorists & it's starting to look like he is showing them how a pro can do it!! at the rate he's going his job will be done in less than six months.

 

[Expensive Date]

Today was nice gained back most of yesterdays losses HIG up 21% and UYG also up 21%.I almost dumped at the close in case the speech does not go well tonight but decided to ride it out bear rallys usually are quick but might get a few days

 

[KENNYO]

Is there someone on here that can tell me what to do? All my 401K is in stocks. I've lost 50% in the last year($160K). Do I leave it where it is and hope(Like i've been doing) that it will level off or do I park it somewhere and wait for the take off again?
I made the mistake of thinking it wouldn't get any worse but DAMN, every day is worse. Any suggestions?

 

[Tommy Gun]

Is there someone on here that can tell me what to do? All my 401K is in stocks. I've lost 50% in the last year($160K). Do I leave it where it is and hope(Like i've been doing) that it will level off or do I park it somewhere and wait for the take off again?
I made the mistake of thinking it wouldn't get any worse but DAMN, every day is worse. Any suggestions?

Conventional wisdom on a 401K or any investment for that matter is duration...how long before you'll need the money. If your timeline is long (10+) years it is probably best to let it ride. It sure is miserable for the moment though.

 

[KENNYO]

Conventional wisdom on a 401K or any investment for that matter is duration...how long before you'll need the money. If your timeline is long (10+) years it is probably best to let it ride. It sure is miserable for the moment though.

Yeah, i would say i've got at least ten years now!!

 

[MarylandMark]

Conventional wisdom on a 401K or any investment for that matter is duration...how long before you'll need the money. If your timeline is long (10+) years it is probably best to let it ride. It sure is miserable for the moment though.

So true! It hurts but I'm still putting in $16.5K this year! I have 14 years til I can hang up the work boots and figure what I am buying now is what is going to make me rich in the future. Buy low / sell high!

 

[fund razor]

Conventional wisdom on a 401K or any investment for that matter is duration...how long before you'll need the money. If your timeline is long (10+) years it is probably best to let it ride. It sure is miserable for the moment though.

My Mom's guy is telling her to hold. But she is 71, ill... and just moved into an assisted living place. She lost 80k in this ride. I am tempted to pull the plug on the investment advisor. I am financial poa.

 

[MarylandMark]

My Mom's guy is telling her to hold. But she is 71, ill... and just moved into an assisted living place.

Hold in that situation? I'd think I'd pull the plug on him as well. She should have been much better insulated than it sounds like she was (percents are better than dollar amounts so that could be a drop in the bucket but doesn't sound like it).

I'm down almost 6 figs but being 36 I (hopefully) have time for it all to come back around.

 

[fund razor]

No.... she was in an agressive position all last year. I met the with the guy and said wtf??? But he felt that the "bottom" was different than me. I agreed to leave it for the moment. She does have an income protection feature. She was hiding symptoms, or I would have stepped in sooner.
I have her in a place that is re-imbursable. When she runs out of money she won't have to move.

 

[Expensive Date]

Fund sorry to hear about your Mom hope she is doing ok

 

[Expensive Date]

Is there someone on here that can tell me what to do? All my 401K is in stocks. I've lost 50% in the last year($160K). Do I leave it where it is and hope(Like i've been doing) that it will level off or do I park it somewhere and wait for the take off again?
I made the mistake of thinking it wouldn't get any worse but DAMN, every day is worse. Any suggestions?

Thats a tough call could this market go lower... yes I have entertained the idea of going to cash but I will more than likely ride it out.I am down about 35% in my IRAs and sep.You have to make this decision yourself age has a huge factor.I probably have at least 20 years to go so it would be kinda arrogant to think this market will not rally by then, hell it will probably come back and crash again in that time.
Most financial advisor's are clueless I use a broker for my SEP and some long term stuff the rest I do myself you really have to be hands on.That being said you also have to like doing it if you don't it will drive you crazy.
But we are in a classic bear market this will gain and pull back for years

 

[Expensive Date]

Interesting video on ETFs
http://cosmos.bcst.yahoo.com/up/player/popup/?rn=289004&cl=11868639&src=finance&ch=4535474

 

[BBB725]

Hold in that situation? I'd think I'd pull the plug on him as well. She should have been much better insulated than it sounds like she was (percents are better than dollar amounts so that could be a drop in the bucket but doesn't sound like it).

I'm down almost 6 figs but being 36 I (hopefully) have time for it all to come back around.

Sell the boat!:biggrinjester: