Well, some of us can ...
Posted on 01/20/2016 9:51:55 AM PST by Leaning Right
If you care to, make a prediction as to where the Dow will bottom out, along with a defense of your answer. Who knows, if you hit it right on the nose CNBC might offer you your own show.
Well, some of us can ...
I am holding inverse ETFs - DOG, DXD, EUO, EPV, SH, SDS, SEF and a couple of other similar. The first two are short plays on the Dow. The next two are short the Euro currency and the EU markets. The next two are short the S&P 500 and finally, the last is short financials.
All of them are doing VERY well, offsetting most of my losses in tech sector stocks. I got out of my favorite dividend cows (MLPs and Oil Trusts) in November.
I bought a small stake in SLV this morning. (Fingers crossed)
It will come back. This is artificial. Iran will threaten the Gulf and we’ll be back to pay $3 a gallon
That was my first thought. If he's long in individual stocks, he might want to consider writing calls against those stocks, bring in some cash while he bides his time.
If he's heavily margined, that's a different story.
If I could retire now (18-24 months away), I'd roll my 401k into a self-directed account and put a portion of that money into big oil stocks, and write out-of-the money calls on them.
I’m in deep $hit!
I don’t suspect I’ll make it to old age.
We’re in trouble and no one realizes it yet. The bill our government elitists have imposed on us is coming due. I got out in 2008 and I never looked back.
My oil stock and Ruger are the only stock up today.
Oil is in a perfect storm at the moment with fracking, a global recession, Iran coming online, and the Saudi’s pumping all hitting at once. At some point it will be a buy.
“Gulp. I have a significant amount of my savings in the markets. I’m a long-term investor, so I’m not about to sell low right now... hope I don’t regret that.”
I made a mistake panic selling once ... ONCE! :-). It won’t happen again. I preserved my contributions, but I pissed away a lot of potential earnings (to the tune of 15%).
I’m a bit over 40 now so I have to start thinking about a percentage to keep “safe”, but staying out for too long in 2009 was stupid ... if you are in your 30s, you shouldn’t be thinking such things ... you’re gambling if you do that! Just keep the investments in the long term category and only monitor them occasionally. Keep on contributing too ... you’re in the buy low cycle of your 401K right now.
Another thing to keep in mind ... if the doom predictions are correct and the economy collapses, your 401K and retirement savings will be the last thing on your mind ... chances are you’d lose it even if you went all cash.
One final thing, it never hurts to be prepared by stocking up on items to get you through a couple of weeks of hardships. I am not talking about purchasing a former ICBM bunker (though I’d love one) and hoping for the end of the world so that you can tell all 1,000 survivors “I told you so” ... I’m just talking about being prudent ... a couple weeks of food, water, defense, and other items gives you a decent piece of mind. While I’m in the camp that feels there is no immediate danger, I flat out admit that I don’t know everything :-).
7530. In 2008-9 it went to 45.5% of 14163 peak. 45.5% of 18400 peak is 8368. Then I knocked another 10% because there is little the FED can do.
If you are in dividend stocks hang in there. Remember that emotion impacts the market too.
Agree.
We were told last week the fed was out of tricks to prop it up.
14,500 is a 20% decline from peak. I think that’s where it bottoms out.
But oil collapsing could make it even worse for many states.
“Gonna live on your good looks when you get old? /s”
Well, some of us can ...
talk about bust...
Well, if they did, those 10" diameter balloons will certainly cause some damage.
LOL...could be two weeks...could be five years.
Back in October '87, I was working for EF Hutton. I learned a lot from that experience.
Biggest lesson? Strive to reach old age without becoming a bitter old man, i.e. stewing over missed opportunities, crappy jobs, crappy bosses. I'm getting there, but my wife has 100% recall of every mistake I've made since we met.
Grandchildren really help in keeping spirits up, as do my children.
I remember the that like it was yesterday Guys were so leveraged they wound up with nothing. One guy I worked with was sleeping in his car in the parking structure.
What do you invest in now? Just curious.... I’m thinking about real estate, but starting to wonder if that’s a bad deal, too.
I’m thinking real estate, too. Do you think it will continue to be a good investment?
Remember, too many investors actually deeply regretted not buying stocks at the market bottom during the Great Depression. But one Joseph P. Kennedy did, and he made a GIGANTIC financial profit for selling depressed stocks as they recovered and selling highly-depressed real estate in Manhattan bought in 1929-1931 by 1937. How else do you explain the Kennedy family could build their homes in Hyannis Port, MA and West Palm Beach, FL?
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