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Wow, wish you hadn't asked me that one...
That's part of your retirement, so depending on when you looking to retire... I think right now "capital preservation" is key, especially when it comes to 401k's, etc., and at least you were smart, like some of us others, and saw this coming, so you didn't take a hit since the downturn.
Back to your question, if you're going to start adding back, I would at least "dollar cost average", and depending on your options, definitely go a lot lower risk and if you can pick individual stocks, make your basket.
However, I still think there is another "shoe to drop", considering all of the lay-offs. Now, you have even more people can't afford to pay their mortgages, and credit cards too. So, I think that might be the next shoe to drop, consumer debt, bankruptcies, etc.
If it were me, I'd wait until you see definitive confirmation as to an uptrend. That said, I wouldn't get in a hurry to get back in for the "long term" (3 - 5 yrs, imo).
So, maybe wait 'til after the summer, or even this year? Trying to time the market, as you well know, is impossible, but in early 2003, that's when I got in b/c I felt that if things got any worse, the least of our worries would be the pps of some stocks, lol.
However, I don't feel that same way now for obvious reasons. Go with your gut Griff, and wth are you asking me this, you know a heck of a lot more than I do, lol.
GOOD LUCK!! :)
FAS, IMO... it might be time for the Dow to start going back up. Bernanke spelling-out some details and saying that 100's of billions of funds are finally going out, "imminent". :)
Griff, your 7500 call might have just been "spot on", we'll see.
Remember this is just my opinion!
As long as you keep it up... you guys are doing well. :)
Definitely, you can thank Obama for that one!
The news they released, during the last hour, made it turn on a dime.
GJ guys, congrats!! :)
GL guys.
Yepper, seems like everyone is going to tech stock, NVDA up a touch too.
But, the dow is starting the afternoon drop, if it goes past 7888... well, you know.
Quick Lunch For Me!
Hey Early, isn't DXO pegged to the 30-yr. as well though?
I haven't bothered to even look at a prospectus on it b/c I don't care/play it that much.
LOL, and last week, early last week in fast, the "Fast Money" 'pro's' said, "it was finally finished going down." LOL
Amazing, Glad I learned a LONG TIME AGO NOT to listen to anyone else. Well, the "pro's" anyway.
IMO, not a good sign, if it doesn't move up some during this time of day.
But Again, just my opinion. :)
IMO, just midday slowdown.
This market is reminds of when someone drowns, and they can't find the body (usually dragging w/ HUGE hooks, talk about "trolling" for "fish".
So, unfortunately they have to wait for the body to expand and POP to the surface...
In other words, it's dead in the water, lol.
Did you hear the latest?
Apparently, the idiot that tried to sell the video, and having failed miserably at that; then, tried to sell the actual bong.
And, of course now, he is facing charges for possession, lol.
I might do stupid things at times, but THAT DEFINITELY TAKES THE 'OL CAKE! :)
Futures were up 27 on the dow at last look. So, maybe we will get a bounce tomorrow.
Honestly, I hope that I'm wrong about the 7k on the dow. Doc thinks that I am, but these markets are just sooooo crazy lately, gotta get in/out b/c who knows what could happen??
"ugly" might be putting it nicely.
k, gotta go, GOOD LUCK!! :)
:)), sorry fellas. IMO, could see the HUGE drop tomorrow, and God willing, hopefully see the "perpetuation" but I honestly don't know. Obviously, who does?
All I kknow for sure is that we will see A LOT of INFLATION.
Appreciate it man, and once I get back up on "both feet", lol, I won't be so moody... like a woman once a month. :)
Have a good one man.
Yeah, I've seen those posts, many days, lol.
However, my post was totally out of line, so I just felt it necessary to apologize to the board.
As Always, GOOD LUCK!! :)
"All Apologies People", IMO, I just think it's safer to play FAZ right now vs. FAS.
Today is a great example of why I've been doiing this.
Griff, sorry I made you miss your perfect call on FAS, and honestly, I wish that I had bought FAS after selling FAZ, lol.
Anyway, I still think the dow will hit 7k, but again, hopefully, I am wrong.
We will see what we will see, FLOW
GOOD LUCK!!
Everytime that I post on this site, usually when people play the "blame game", I GET 'JUNK MAIL'.
Well, this one has been blocked, and added to the "shit list". So, good luck and you won't ever see me here again. Some people are soooo f'ing petty, and I really hope they know what they're doing b/c I have a Federal judge as a close friend, and other people that do computer work w/ their eyes closed.
SO, TO ALL THAT ARE DOING THIS CHILDISH SHIT, GO FUCK YOURSELVES!!
NEXT WEEK'S EARNIINGS AND DATA...
Monday: ***BANK RESCUE PLAN UNVEILED*** Earnings Before: HAS, L, NYX, ROH, Earnings After: GNW, PFG, PLD Other: UBS Global Healthcare Services Conf.
Tuesday: Earnings: CVH, DTV, PBG, TAP, AMAT, Other: Geithner Testifies
Wednesday: Earnings: AYE, CCE, AGU, GENZ, LVLT, JNY, IR, MT, Eco: MBA Mortgage Application, Trade Balance
Thursday: Earnings: AET, DEO, KO, MAR, PGN, MFE, Eco: Retail Sales (JAN), Jobless Claims, U. Of Michigan Confidence
Friday: Earnings: ANF, PEP, WYN Eco: Consumer Credit
lol, yep and on bad news even, glad I was wrong, short-term anyway. :)
Honestly dc, I am sorry and will just watch the board for now.
GOOD LUCK!! :)
It's a long day, you'll more chances at trades.
Uh, that was just a joke. Thought that was obvious, sorry you missed a trade man.
Dow 7k is coming, maybe this afternoon?
Hey, I did very well on that FAZ trade. :)
If you see 'em turning, get out or get in, whatever the case may be. Recall, I did say "the good ol' in, out".
It's a crap-shoot man, but just like I believed the dow would hit 8k, and it did, I think it will hit 7k at least, JMO.
GOOD LUCK!! :)
Hey dc, I hate to use a quote from "Clockwork Orange", but I would be using the "good ol' in, out".
People are chitting bricks right about now. I've got one, maybe two more weeks, and I'm getting out for awhile.
GOOD LUCK!! :)
7000 coming to a streamer near you!!!
GO FAZ!! Chooooo Chooooo!! :))
lol, Doc... You still think the indexes are going up? :)
I've been saying 7000 on the dow for quite awhile now, and me thinks we're getting close. Hell, it could happen in one day!
GOOD LUCK!! :)
lol, I just love that little green box.. like there's anything "normal" about this market. :)
Next Week's Earnings Schedule
Monday: Earnings Before: HUM, MAT Earnings After: AFL,SNDK Eco: Personal Income, Personal Spending, PCE, ISM Manufacturing, Construction
Tuesday: Earnings Before: ADM, ADP, BP, CME, DHI, DOW, MOT, MRK, MRO, NOC, PNC, SGP, TYC, UPS Earnings After: CTX, DIS, ERTS, MET, TUP, YUM Eco: Pending Home Sales, Crude Inventories
Wednesday: Earnings Before: AGN, CLX, DVN, GR, KFT, NOV, PC, PM, RL, SLE, SNA, TWX Earnings After: CSCO, PHM, PRU, SUN Eco: MBA Mortgage Application, ADP Employment, ISM Non-Manufacturing
Thursday: Earnings Before: CI, DUK, K, MA, MCO, Earnings After: HIG, NWSA, Eco: Monthly Retail Sales, Factory Orders Other: Raymond James Airline Conf., BOE Interest Rate Decision, ECB Interest Rate
Friday: Earnings: BIIB, Eco: JOBS REPORT, Consumer Credit Other: Corning Investor Meeting
nj dc!!
I think that I'm going to start using "conditional orders" b/c I had it written down to buy STEM at 2.2ish, but too many notes, lol.
You meant 2008, right?
But I'm sure you're not thinking that strategy for '09 b/c that's when A LOT of dipchits say things will get better, lmao!!
Hope there's A LOT of crows out there b/c they're gonna need 'em!
p.s. Oh screw it, just keep printing more money 'til it's not worth the paper it's printed on. I've known for a long time that we don't have a Congress that actually cares about its constituents, but geeeeez, IT'S JUST A SHAME, GREED!!
WTH HAVE THE "SMART" PEOPLE GONE, and wtf haven't people gone to jail yet, just REDICULOUS!
Sorry, this was WAYYYYYY off topic but I'm really getting pissed and don't think I'm alone. lol, and I even made money today, this week (in the market).
Can U Say VOLA-F'ING-TILITY?
Man o man, this had to be one of the most volatile days that I've seen in terms of the etf's, just unreal.
Oh yeah, can U also say... INFLATION!!! We thought it was bad last year, but honestly, I don't think we've seen NOTHING yet!!
FLOW OUT :)
Hope you still have some dc b/c it was as high as 2.83 in eh's, so it might be in play again tomorrow.
Up or Down, I don't give two chits, lol. Anything cheap like that, and that kind of move, man o man... the money that can be made, OR maybe the financials will do like the first round (WM, FNM, etc.) and give us some great op's again, for "BIG BUCKS, NO WAMMYS!!" :)
Yep, Obama's interview on CNBC started a massive sell-off in the financials, unreal!!
Hopefully, it got a bit overdone in eh's, but we'll know for sure tomorrow.
I almost bought some FAS at 9.4, but decided best to wait 'til p/m tomorrow. I'd rather miss it than wake up to even worse.
Sorry Griff.
That's more like it, get these moving again, the right direction.
This is soooo similar to fishing, lol. Well, imo at least. :)
flipped FAS again, God bless that little etf.
I've got to learn those darn things, quick and in a hurry. :)
Congrats!
Good one!!
I'm gonna have to watch my posts today or I'll have to buy a subscription, again, lol. :)
But yes sir, it actually was FAS this time.