Dow down 1,000, should we be worried ?

[strikingsunset]

so if the Dow continues its current trend of losing 2-3 per cent a day will I be staring at the abyss in around a months time?


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[mogandave]

it is painful...

 

 

[Brunolem]

1 hour ago, mogandave said:

it is painful...

 

 

Or rather it is going to be painful. 

 

These are just the forewarning tremors... 

[mogandave]

I would hate to have to get a job...

[Thailand J]

if you want to know where is the rock bottom.

[SheungWan]

On 11/26/2018 at 4:37 PM, Thailand J said:

Market timing is difficult . You dont have to buy in at the hour when Dow was at the lowest in 2009. Anytime in 2007-2009 during the recession if you bought an index fund you would have doubled or tripled your money by now. Recession is scary, but it's a great time to add to your long term portfolio. Unless you believe US GDP will continue to decline.

You say market timing is difficult and then you do precisely that for a starting point.

[SheungWan]

19 hours ago, strikingsunset said:

so if the Dow continues its current trend of losing 2-3 per cent a day will I be staring at the abyss in around a months time?

Well now you can maybe start answering the question yourself from a one month ago and jog along.

[SheungWan]

On 11/21/2018 at 8:58 PM, Lacessit said:

I don't particularly care. As long as my blue-chip Australian shares keep paying those juicy fully-franked dividends with a grossed up yield of 7-8% pa, why should I?

I recall a friend transferring a significant amount of cash to AUD in order to benefit from high interest rates. As far as he was concerned it was a no-brainer. And then all that interest was wiped out (and more) with the dive in the Australian dollar.

[SheungWan]

On 11/21/2018 at 4:36 PM, Benroon said:

Lows are buying opportunities 

 

On 11/21/2018 at 4:40 PM, Brunolem said:

BTFD!

How's that been working out for you this month?

[SheungWan]

On 11/21/2018 at 9:21 AM, SheungWan said:

And if it goes down another 9% you will say the same thing again?

 

On 11/21/2018 at 9:22 AM, strikingsunset said:

yes

And then a month passed..............................

[dreaming]

On 11/26/2018 at 2:44 PM, mogandave said:

Well it blows, but to put it into perspective, we’re only down this years gains, and still way up from two years ago.

Could be worse, could’ve bought bitcoin...

Bitcoin is still up from 2 years ago 300%. Dow jones only 20%

[mogandave]

Bitcoin is still up from 2 years ago 300%. Dow jones only 20%

Good point.

[strikingsunset]

And then a month passed..............................

and you were and are right,i doff my cap.


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[SheungWan]

10 minutes ago, strikingsunset said:

and you were and are right,i doff my cap.

 

Send money (if any left).

[strikingsunset]

Send money (if any left).

I’m glad we retain our humour - fortunately i dived into investments in 2008 so I won’t be the first one approaching the balcony,have a great Christmas,it’s only money...


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[uli65]

still little bit  time to sell all the junk in Dow Jones and Nasdaq.

the final meltdown is coming after new year.  

 

[RotBenz8888]

Anyone out there still believes this is just a bump on the road? ????NASDAQ -21 from the top..so far. Let's be honest, this is just the beginning. See you all further down, I MIGHT start buying at -40.

Edited December 22, 2018 by RotBenz8888

[SheungWan]

1 hour ago, uli65 said:

still little bit  time to sell all the junk in Dow Jones and Nasdaq.

the final meltdown is coming after new year.  

Say it three times and make a wish!

[SheungWan]

3 hours ago, strikingsunset said:

I’m glad we retain our humour - fortunately i dived into investments in 2008 so I won’t be the first one approaching the balcony,have a great Christmas,it’s only money...

 

I might be excellent advising others what to do, but with my own trading I am and have been rubbish. And a happy new year to you too! ????

Edited December 22, 2018 by SheungWan

[SheungWan]

40 minutes ago, Benroon said:

So whats your point ? Whats the point of any of your pant wetting postings on this ? Investments are a cyclical thing - if it was a no brainer we would all be billionaires - however if you are going to fill your nappy every time there's a blip as you seem to be doing then best put your meagre means in a high street bank and earn next to <deleted> all and leave professional investing to the professionals !

Anyone listening to people like you or the house price crash doom mongers who are probably in their 25th consecutive year of talking <deleted> isn't going to do as well as they could.

I was responding to a specific contribution re investing in high yield Australian assets. My underlying point was that in that particular example the high interest rate returns were totally knocked out by the AUD exposure incurred. The person concerned BTW, doesn't need the cash for now, so he will not close out his losses, but he certainly isn't muttering 'cyclical' incantations with a view to getting his original investment figure back or making any profit at all. At one time I myself bought AUD when AUDUSD was $1.04. Australian mate was convinced it was going to $1.20. It slumped to $0.96. As soon as it recovered back to $1.04 I was out. Lesson learned? Sometimes it is best to fold one's hand. The retail investor is traditionally loath to sell at a loss and at times that can cause more damage. This part of the thread kicked off when one contributor pointed out that he was 9% down a month ago and what he might do. It was an interesting question. Some will hold on. And some will take the other side of that trade.

Edited December 22, 2018 by SheungWan

[SheungWan]

8 hours ago, dreaming said:

Bitcoin is still up from 2 years ago 300%. Dow jones only 20%

Not everybody bought 2 years ago. Someone was buying all the way up to $19000. And re the DOW, plenty of people buying all the way down from the top. Not sure if it is always useful just to cherry pick starting points unless they were one's own personal ones.  And they are of course never Bitcoin at $10,000.

[SheungWan]

10 minutes ago, Benroon said:

Fair enough - of course its prudent to fold - only a fool gets sentimental or myopic about stocks. However that's why despite telling myself that I could do it standing on my head (I can't) - I pay highly skilled pro's not just for their profit making strategies but for their defensive strategies coming into play now.

Don't forget as someone who use to install it for them - some software licences can cost 6 figure sums for a ONE user licence to give them cutting edge info - something 99.9% of home experts could not contemplate - that what you get for your fees (and someone to blame :-))

Mind you I should add that three, no four significant occasions where I have folded on a stock it has turned out to be the completely wrong thing to do. Bounced right back, nay shot past my buy point. One going on right now. Sick as a parrot.

Edited December 22, 2018 by SheungWan

[SheungWan]

1 hour ago, Benroon said:

Anyone listening to people like you or the house price crash doom mongers who are probably in their 25th consecutive year of talking <deleted> isn't going to do as well as they could.

Property has been very kind to me. But thank you for lassooing me to the doom mongers. Lovely bunch of lads.

Edited December 22, 2018 by SheungWan

[uli65]

some smartass have lost money and now talk bs because I am telling them the reality.

I enjoy to watch the fools in bloomberg tv when they talk rubbish when the stock market fall apart.

 

apparently are one of these losers benny. 

 

 

 

[SheungWan]

13 minutes ago, uli65 said:

some smartass have lost money and now talk bs because I am telling them the reality.

I enjoy to watch the fools in bloomberg tv when they talk rubbish when the stock market fall apart.

apparently are one of these losers benny. 

Go for it! Anyway, thank goodness I watch CNBC instead.

[SheungWan]

16 minutes ago, Benroon said:

it can drive you nuts - I bought shedloads of stock (I won't mention the name incase it breaks some rules) where a company made a condom with a Viagra type solution at the tip of it (obviously on the inside) - I thought that would be an absolute goldmine in every bar vending machine, replacing uber expensive medication etc etc - a massive revolution (still might) but they've been trying to get it through endless regulatory hoops and the share has just drooped, forgive the pun !!

I was 1000% convinced I would never have to work again !

Bad luck on that one. I nearly bought a stock on the FTSE AIM which invested monies in Japanese Love Hotels. It eventually folded and went T**s Up.

[mogandave]

If the people on TV knew what the market was going to do:

1. They would not be on TV

2. They would not tell anyone else.

That said, they are not fools, the make long money for blowing smoke up peoples bums a couple hours a day.

[mogandave]

Fair enough - of course its prudent to fold - only a fool gets sentimental or myopic about stocks. However that's why despite telling myself that I could do it standing on my head (I can't) - I pay highly skilled pro's not just for their profit making strategies but for their defensive strategies coming into play now.
 
Don't forget as someone who use to install it for them - some software licences can cost 6 figure sums for a ONE user licence to give them cutting edge info - something 99.9% of home experts could not contemplate - that what you get for your fees (and someone to blame :-))

Yet half the fund managers with advanced degrees that have all that software available to them can’t outperform an index fund in the same sector.

“It’s a monkey with a handful of darts, how much do you want to pay the monkey?”

[marqus12]

probably a short-term recovery soon

[xylophone]

17 minutes ago, mogandave said:

If the people on TV knew what the market was going to do:

1. They would not be on TV

2. They would not tell anyone else.

That said, they are not fools, the make long money for blowing smoke up peoples bums a couple hours a day.

Let's face it, it's all about your goals, risk profile and the amount of time you have to invest your funds.

 

If you are a long-term investor, then you see the market ride out its highs and lows and know full well that over the longer term the share market or at least an index thereof, ends up in positive territory, although there have been periods of negative results/performance.

 

If you are in for the long run, then stay the course, if you invested just for a few years and cannot take the peaks and troughs, then you shouldn't be there in the first place.

Edited December 22, 2018 by xylophone