amass Fiat 500s. when gas prices go nuts, you can sell for profit.
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Originally Posted by nitrodann
(Post 736493)
And im too young to understand any of it hahaha
Website tips for where to learn? Dann http://www.sovereignman.com/expat/is-it-fixable http://www.sovereignman.com/expat/wh...nomic-collapse |
So three weeks after I bailed, the US market indices dropped below where it was when I got out. The drop was very steep today, 2.2% on the Dow and 2.7% on the NASDAQ.
It looks like the Asian market indices are dropping as well. Good thing Congress passed the debt bill. It looks like the markets are responding favorably. Not. |
Originally Posted by ZX-Tex
(Post 756028)
Good thing Congress passed the debt bill. It looks like the markets are responding favorably. Not.
Thanks to the pages...oh look, Gabby Gifford is here!!!! |
oh herro double bear play time investments! nice of you to make 5% today!
I was happy to make my comission back. |
Holy shit, as of 12 pm eastern the Dow is down 2.8% just from this morning's opening. NASDAQ is down 3.39%.
The S&P 500 is down almost 10% from its April peak. Hang on to your hats ladies. |
Originally Posted by ZX-Tex
(Post 736464)
So I pulled most of my investments out of equities and parked them temporarily in a money market. Fortunately I did this before today's market plunge (the Dow is back below 12,000). I am going to sit out for the next two to three months and see what happens. Since I own a Miata that naturally makes me an investment expert.
Originally Posted by ZX-Tex
(Post 756593)
Holy shit, as of 12 pm eastern the Dow is down 2.8% just from this morning's opening. NASDAQ is down 3.39%.
The S&P 500 is down almost 10% from its April peak. Hang on to your hats ladies. |
I am going to wait for the recovery to take hold, or at least when there are better economic outcome predictions, and for the market to bottom out. Both are hard to know for certain of course. Then I'll get back in, hopefully not missing the rally, and go into a broad spread of foreign and domestic equity funds, same as before. I am in this for the long haul so fortunately my timing does not need day-trader precision.
I'm not an investment expert, but I play one on the internet. In the mean time, I am no-cost refinancing the house with my current lender at a stupid-low 15-year fixed rate. Mortgage rates are really, really low right now. |
Originally Posted by ZX-Tex
(Post 756647)
I am going to wait for the recovery to take hold, or at least when there are better economic outcome predictions, and for the market to bottom out. Both are hard to know for certain of course. Then I'll get back in, hopefully not missing the rally, and go into a broad spread of foreign and domestic equity funds, same as before.
B) If you are going to try and time the market (i.e. large tactical moves such as selling out of all or most of your equities to sit in cash temporarily), I would think you need a better defined process than the above. C) "What economic outcome predictions?" As in predictions from economists? If you are using statistical economic indicators, which ones? Hopefully not things like unemployment and GDP. D) How will you know the market has "bottomed out?" Bottomed out over what time period? For the calendar year?
Originally Posted by ZX-Tex
(Post 756647)
I am in this for the long haul so fortunately my timing does not need day-trader precision.
Originally Posted by Scrappy Jack
Do you know what the average intra-year drop is over the past 30 years?
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Dow closed down 4.3% for the day. NASDAQ is down 5.3%
Originally Posted by Scrappy Jack
(Post 756671)
A) Do you know... ...stuff... ...there was a short-term drawdown of -16%.
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Glory hallelujiah
what a day back in black here i come |
i pulled what i had out a while ago. you know, gold is supposed to hit 2k/ounce by the end of the year!
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ultrashort ultrashort ultrashort ultrashort ultrashort ultrashort ultrashort !!!! !
! |
Originally Posted by ZX-Tex
(Post 756692)
Dow closed down 4.3% for the day. NASDAQ is down 5.3%
I am not saying that tactical moves cannot add risk-adjusted return (I would argue just the opposite). I would argue that making major tactical moves based on "feelings," economist predictions and backward-looking or lagging economic indicators is the way to achieve "average individual investor" returns. You know, the kind that lag basic indices over normal investment time horizons? If you were using a specific forward-looking data set or a defined process, it would make more sense to me. You seem like too smart a guy to be making huge moves based on emotion. :makeout:
Originally Posted by Scrappy Jack
(Post 756671)
A) Do you know what the total dollar amount of output lost in the official recession was? And how much of it has been recovered since?
Originally Posted by spoolin2bars
(Post 756698)
i pulled what i had out a while ago. you know, gold is supposed to hit 2k/ounce by the end of the year!
Or, more simply, what typically happens to something with a nominal price chart that looks like the left side of the Eiffel Tower? ;)
Originally Posted by Faeflora
(Post 756700)
ultrashort ultrashort ultrashort ultrashort ultrashort ultrashort ultrashort !!!
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Yeah I agree. Do not read too much into me following the market day-to-day. It is just interesting. I am not sitting here watching a real-time DJIA plot with my pointer on the 'execute trade' button.
You seem to know investing. What is your background? We need to get JasonC back in here. This could be epic. |
Scrappy Jack. An intelligent Floridian?
I behold a pale horse... |
If only Capitol Hill would provide an unchecked debt ceiling increase, this never would happen.
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Originally Posted by Scrappy Jack
(Post 756713)
Again, not sure is serious. "The market can stay irrational longer than you can stay solvent." Also remember that the leveraged ETFs have tracking errors over longer holding periods. They are really better used for very short term hedging.
It wasn't enough cash to offset the short term losses from the last week but it was fun to watch. |
I am going to break this in to a couple of posts because it got longer than anticipated.
Originally Posted by ZX-Tex
(Post 756726)
You seem to know investing. What is your background? We need to get JasonC back in here. This could be epic.
I do not watch CNBC at all. Instead, I have access to institutional research and a lot of very smart people. None of those people are TV/radio hosts or newspaper columnists. I work hard to synthesize all of that data and those subjective interpretations to come up with an understanding of where we've been and the probabilities of where we are going. That said, none of what we are discussing should be taken as me giving individual investment advice. We are just talking about general principles.
Originally Posted by Scrappy Jack
(Post 756713)
I am not saying that tactical moves cannot add risk-adjusted return (I would argue just the opposite). I would argue that making major tactical moves based on "feelings," economist predictions and backward-looking or lagging economic indicators is the way to achieve "average individual investor" returns. You know, the kind that lag basic indices over normal investment time horizons?
If you were using a specific forward-looking data set or a defined process, it would make more sense to me. You seem like too smart a guy to be making huge moves based on emotion. :makeout: So, you dump a bunch of fuel and pull a bunch of timing. It turns out, the track day is really hot and voila! Your car does not blow up because you are running a 10:1 AFR, practically no WOT timing advance and no detonation. You are also making about 150 WHP in an LS1. You won't blow up, but you won't really set any respectable lap times, either. When asked to describe your process for how and when you will dial things back up, your answer is "when things feel better, I will add more fuel and timing." That would seem like a terrible tuning method, right? I believe the same thing goes for investing. It should be done using data and a specifically defined process (preferably a forward-looking one). Going back to the car metaphor, a better strategy might be to say you will use certain DAQ measurements in defined increments, noting the car's performance as you progress, to get back to a specific target WHP range (e.g. 320 WHP +/- 15 WHP). |
Again, I am not offering individual investment advice or soliciting business of any kind.
Originally Posted by Scrappy Jack
(Post 756713)
There was $554 billion of output lost and $634 billion of output recovered.
Originally Posted by Scrappy Jack
(Post 756713)
Do you know what gold is trading at on an inflation adjusted basis? What the inflation-adjusted peak was and when it was? What happened to it in the years following?
In 1980, there was no GLD or other gold-oriented ETFs and the average investor did not have 24-hour online access to trading accounts. Gold was an illiquid asset that often required physical receipt (and redemption).
Originally Posted by Scrappy Jack
(Post 756713)
Or, more simply, what typically happens to something with a nominal price chart that looks like the left side of the Eiffel Tower? ;)
:2cents: |
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