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Re: Stock scream room

Posted: Wed Dec 19, 2018 1:39 pm
by Tortoise
If they had predicted the timing of the stock market downturn in advance, then I'd be impressed.

Just about anybody can look at a stock market graph and say, "Yup, sure looks like the graph has been sloping down for the past month or two," and then tell a story that rationalizes why it might continue to go down for a while.

::)

Re: Stock scream room

Posted: Wed Dec 19, 2018 1:42 pm
by dualstow
Yep. I love that people can make a living off of it.
Turns out you *can* profit from predictions, but only if you are the predictor. And you don't have to be right!

Re: Stock scream room

Posted: Wed Dec 19, 2018 3:16 pm
by Cortopassi
My rebalance for Jan has turned from cash going into about 50% bonds and 50% gold and selling some stocks to

6% bonds, 17% gold and 75% stocks.

I'm not sure I like the turn of this....

My PP at a low for the year now.

Re: Stock scream room

Posted: Wed Dec 19, 2018 3:46 pm
by Xan
Cortopassi wrote:
Wed Dec 19, 2018 3:16 pm
My PP at a low for the year now.
They have medicine for that now. :-)

Re: Stock scream room

Posted: Wed Dec 19, 2018 3:52 pm
by dualstow
Xan wrote:
Wed Dec 19, 2018 3:46 pm
Cortopassi wrote:
Wed Dec 19, 2018 3:16 pm
My PP at a low for the year now.
They have medicine for that now. :-)
That crosses my mind every damn time I use pp in a sentence. O0

Re: Stock scream room

Posted: Wed Dec 19, 2018 4:20 pm
by Cortopassi
dualstow wrote:
Wed Dec 19, 2018 3:52 pm
Xan wrote:
Wed Dec 19, 2018 3:46 pm
Cortopassi wrote:
Wed Dec 19, 2018 3:16 pm
My PP at a low for the year now.
They have medicine for that now. :-)
That crosses my mind every damn time I use pp in a sentence. O0
HAH!

Re: Stock scream room

Posted: Wed Dec 19, 2018 10:36 pm
by Smith1776
It’s funniest when people are arguing about the strategy and keep saying “PP” in the middle of a bunch of serious statements. ;D

Re: Stock scream room

Posted: Thu Dec 20, 2018 12:31 am
by ochotona
A lot of the stock market selling he's going to turn out to be tax-loss harvesting. people talk about a Santa Claus rally but the Santa Claus rally really doesn't statistically take place until after Christmas.

Postscript Dec 25 - Lance Roberts looking for 2620-2650 as a possible oversold rally target.

Re: Stock scream room

Posted: Wed Dec 26, 2018 3:09 pm
by whatchamacallit
Wow. Up 5% today. Great example of reason to never get out of market. Even for a day.

Re: Stock scream room

Posted: Wed Dec 26, 2018 3:10 pm
by dualstow
whatchamacallit wrote:
Wed Dec 26, 2018 3:09 pm
Wow. Up 5% today. Great example of reason to never get out of market. Even for a day.
+1. Time in the market not timing the market.

Re: Stock scream room

Posted: Wed Dec 26, 2018 11:23 pm
by Cortopassi
Not every day you see 1000 points, wow.

Still, my rebalance is now buy 98% stocks, a sliver of bonds, and actually selling gold. Interesting.

We'll see what that looks like when I really will rebalance in early Jan after contributing to my IRAs.

Re: Stock scream room

Posted: Thu Dec 27, 2018 8:42 am
by Kriegsspiel
dualstow wrote:
Wed Dec 26, 2018 3:10 pm
whatchamacallit wrote:
Wed Dec 26, 2018 3:09 pm
Wow. Up 5% today. Great example of reason to never get out of market. Even for a day.
+1. Time in the market not timing the market.
https://web.archive.org/web/20170911171 ... -time.html