Posted on 02/09/2018 1:03:42 PM PST by Hojczyk
S&P 500 2,619.56 +38.56(+1.49%)
Dow 30 24,190.83 +330.37(+1.38%)
Nasdaq 6,874.49 +97.33(+1.44%)
(Excerpt) Read more at finance.yahoo.com ...
Ooooo...bold prediction.
Hope you are right!
The problem is the speed at which that 10% came.
I think if it was over a period of weeks or months many more people would view it soberly instead of emotionally.
I want the market to go down another 15%. There are some really inexpensive stocks that are just begging to be bought at the right price. I read on this thread earlier about how they lived through the market corrections in the 80’s. I made best friends with my father in law and my dad when Hillary tried to take over the pharmaceutical industries when Bill was getting BJs and pretending to run things.
If you all remember that all the drug stocks, biotech stocks, health insurance stocks tanked. It was epic. All I have to say that Johnson and Johnson along with Amgen brought a smile to my father in law’s face. I just figured that we would still need baby powder, Tylenol, medicine that is cheap to make and prevents you from needing blood transfusions and helps your body fight infection.
“The market” might be expensive but there are companies that are still undervalued. Remember how everyone made fun of Buffet for buying rail company stocks a couple of years ago. Look at what his rail holding have done.
Investment is all about emotions and knowing your ability to trust your instincts. People even dump out of mutual funds and ETFs which are designed to mitigate risk and avoid emotional trading....at the bottom when it’s the cheapest as opposed to dollar cost averaging and letting the beauty of compounding interest help them.
So basically this was all about the fear of shutdown and program trading.
How old are you?
That’s a rather personal question but I’m 48.
After listening to Rush today, and his theory the Fed is conspiring to cause the market to tank, I am asking, who is Powell, and is he a homicide conservative or like justice Kennedy and Souter, a squishy plant by the Left???
Who is Powell, really???
You have a pretty high risk tolerance.
That’s a fair statement.
I don’t like to lose but I tend to preserver due to my high opinion of the economy and of things to come yet under Trump given what’s he’s doing to unleash our economy.
I’m curious about how all this affects CALPERS and other government retirement.
Many years ago, I watched a documentary where the CALPERS people were all giddy about how much money they were making in the stock market and how they were going to force liberal policies on the companies whose stock they purchased.
It seems like they were barely limping along in a great market.
I wonder how many Democrats lost to the Democrat shorts? A circle of misery, they are. ;-)
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