Dow 30,000?

[Imp4]

Originally Posted by Drew99GT
I actually am not a trader. Tried that and lost. Long term investor, but I still "look" at the markets and analyze them for a hobby. I know I'm too stupid to try and pick tops and bottoms! It just amuses me to see people continually say they're in cash, or they're shorting the market etc.

That's sage advise right there.
Too stupid here to pick tops and bottoms as well.

Originally Posted by PimTac
Everyone has their own risk tolerance. Trying to tell someone they should be in stocks when they have low risk tolerance is bad advice. In general, discussions like this tend to confuse consumer investors.

This is true as well.

Buy and hold. Low cost index. 4 fund portfolio max.
No expenses higher than 0.15%.

Reap the rewards of a well planned, insightful, unemotional portfolio.

Make your money work for you instead of you working for your money!!!

 

[Linctex]

Originally Posted by Leo99

I hear doom and gloom from lots of Internet people who say they are sitting on cash waiting. They've been waiting a long time and missed a lot of earnings thinking the market is going to crash.


Pure truth, right here!!

 

[eljefino]

I can smell a bargain but don't know what to do with full priced stuff. Sitting on cash since the January peak. My contributions ~10 years ago rose 250%, so I'll sit out for a bit. Thought about AMD in May at $12, now it's $28, oops.

 

[turtlevette]

Originally Posted by Drew99GT
It's overbought, it has to pullback, blah blah blah. IT DID JUST PULL BACK at the beginning of 2018! Now it's breaking out again.

And the total market indexes like the Valueline Geometric have broken out of the long term consolidation from 2000-2007, retested the breakout, and continued higher.

Of course the market can go a lot higher. There is nothing indicating a top is in currently.



OK,

What are we going to do. Ride this down to 23k?

It could be one of those October's

 

[ZeeOSix]

The market is falsely driven by overblown hype and controlled by day traders. An announcement made about something that's going to happen a year from now makes the market surge 300 points.

 

[PandaBear]

Originally Posted by Imp4
Originally Posted by Leo99
I hear doom and gloom from lots of Internet people who say they are sitting on cash waiting. They've been waiting a long time and missed a lot of earnings thinking the market is going to crash.


I hear you.
And it really is a silly strategy. If they truly believe the doom and gloom then the wise choice is to take the short position, they'll make big money all the way down. Then sell the shorts and reinvest and ride it back up.

There's and old Peter Lynch quote that goes something like:
"Far more money has been lost by investors preparing for corrections, or trying to anticipate corrections, than has been lost in corrections themselves."

Remember, make your money work for you, not you work for your money.

Only you can decide!!!

Count me in, I was sitting on a lot of cash and missed a whole up turn. I just do dollar cost averaging these days unless it is a company I understand and not relying on those pump and dump "fake news" these days.

 

[PandaBear]

Originally Posted by eljefino
I can smell a bargain but don't know what to do with full priced stuff. Sitting on cash since the January peak. My contributions ~10 years ago rose 250%, so I'll sit out for a bit. Thought about AMD in May at $12, now it's $28, oops.


I think AMD will keep going. The whole business model has changed and it has proven to be the correct way forward (Fabless). It used to be "real men have fabs" but in house fabs these days are just boat anchors.

 

[Mr Nice]

Originally Posted by Linctex
Originally Posted by Leo99

I hear doom and gloom from lots of Internet people who say they are sitting on cash waiting. They've been waiting a long time and missed a lot of earnings thinking the market is going to crash.


Pure truth, right here!!


They've been on the sideline for the last 5-6 years and now want a crash like Peter Schiff.

 

[splinter]

Nope. Not today.

 

[Vikas]

You jinxed it man :-(

 

[SeaJay]

Originally Posted by gfh77665
Will it make it during this bull run?


Maybe in 2019, not this year.

 

[fdcg27]

I don't think so.
There will be an economic contraction within the next 12-24 months. I think it'll be mild based upon what I can see of the amount of bad debt probably out there, but it will tank the equities market.
The Fed is probably acting properly in inching rates up, since a mature expansion doesn't need any stimulus. This is also the reason that the tax cuts were the wrong medicine applied at the wrong time.
I am of the school of thought that much of the appreciation in equities has been driven by a search for yields. When there is nothing to be realized by holding debt, who wants to buy bonds, especially since rates must rise going forward, with a consequent loss in bond values?
I guess the best answer is that we'll see.

 

[gfh77665]

Originally Posted by SeaJay
Originally Posted by gfh77665
Will it make it during this bull run?


Maybe in 2019, not this year.


I agree.