Exciting as hell... But I think the time to get off the roller-coaster is right now.
No frickin' way. Put some stop loss orders in effect, but my 401k went up $8000 in one day.
Extrapolate that over the next 12 months.
That's what I said when I sold AAPL at $121 after buying it at $59. It closed at $140 on the nose today.
Well .. depends on one’s time horizon, asset allocation and risk tolerance etc. An investor needs to know that a pullback of 10-20% can always happen but the market comes back. One cannot time the market and if a person bails they may have to buy back in at an even higher price.
If you plan to be in the market for 5 years or more what possible reason is there to bail? Best strategy is to dollar cost average into a well diversified portfolio of index funds over 30 years and chill.
“Exciting as hell... But I think the time to get off the roller-coaster is right now.”
Nope. Ride it to 15,000. Technology stocks. EMC in particular. There will always be a need for storage and EMC is by far the leader. Stock is $19.00 a share. Best deal money can buy.
DOW would be a lower if not for the large money supply inflation being done.