RBS: "Sell (Mostly) Everything"
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Originally Posted By: Ramblejam
http://static.guim.co.uk/ni/1452594796380/European-Rates-Weekly-08011.pdf
Page 3
They are right, Just wait and see...But oh wait, BITOG investors know way more than RBS!
http://static.guim.co.uk/ni/1452594796380/European-Rates-Weekly-08011.pdf
Page 3
They are right, Just wait and see...But oh wait, BITOG investors know way more than RBS!
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Liquidate all and play PowerBall !!
I sold a bunch of stuff in September. Sitting in cash until the buy back in signal.
Originally Posted By: Bluestream
They are right, Just wait and see...But oh wait, BITOG investors know way more than RBS!
No they don't, however, they just want to keep more suckers "in the game" .
I'd actually say they have a vested interest in this, perhaps they work for the Stock Exchange, large banks, or investment firms, none of those things would surprise me.
As usual there will be a large pool of small time mom and pop investors that will listen to clowns like Cramer and not sell off only to be burned once again, these folks never learn that the game is rigged and the house NEVER loses.
They are right, Just wait and see...But oh wait, BITOG investors know way more than RBS!
No they don't, however, they just want to keep more suckers "in the game" .
I'd actually say they have a vested interest in this, perhaps they work for the Stock Exchange, large banks, or investment firms, none of those things would surprise me.
As usual there will be a large pool of small time mom and pop investors that will listen to clowns like Cramer and not sell off only to be burned once again, these folks never learn that the game is rigged and the house NEVER loses.
There is growing evidence that the economy is slowing and headed for a recession. The stock market peaked last year with extreme valuations. It's dropped some since then, but there could be a lot more of that to come. If you're long in stocks be prepared to take a major haircut in the near future. Most of my investments are in my 401k account, and I'm sitting on a very defensive allocation at this time.
Originally Posted By: Joel_MD
T... Most of my investments are in my 401k account, and I'm sitting on a very defensive allocation at this time.
It's the right thing to do until things become clearer. Just don't make the mistake to stop contributing to your 401K.
T... Most of my investments are in my 401k account, and I'm sitting on a very defensive allocation at this time.
It's the right thing to do until things become clearer. Just don't make the mistake to stop contributing to your 401K.
Like Doog and some others....got out around September....bit my lip as the market just wouldn't quit rising.....just a gut feeling....took funds and sat in securities paying about 2.2% a year.....now I'm glad I did but, like everybody else, I've been thinking "what if" I'd have gotten out in late December??? After that crash in 08, I've lost the taste for risk. Looking at retirement in about 10 years so I just may stay in secure funds and just live with it.
One way to GAURANTEE that you will underperform the market and a basic index fund: TRY AND TIME THE MARKET.
I'm smart. Smarter than the average investor. They don't know what's REALLY going on. They're sheep. Lemmings. They can't see through the smoke and mirrors. But ME, I'M the smart one. I know what's going on. I'm going to time the market based on my intellect and what I've read. No one else gets it. I do, though. I just have this feeling.
Congratulations on being so narcissistic that you believe you're smarter than everyone else, when it comes to the market. Why don't you have a newsletter to share your smarts? Why aren't you a million or billionaire? You know what the market is going to do and when, so why aren't you betting the farm? Why aren't you rich?
I'm smart. Smarter than the average investor. They don't know what's REALLY going on. They're sheep. Lemmings. They can't see through the smoke and mirrors. But ME, I'M the smart one. I know what's going on. I'm going to time the market based on my intellect and what I've read. No one else gets it. I do, though. I just have this feeling.
Congratulations on being so narcissistic that you believe you're smarter than everyone else, when it comes to the market. Why don't you have a newsletter to share your smarts? Why aren't you a million or billionaire? You know what the market is going to do and when, so why aren't you betting the farm? Why aren't you rich?
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I think there will be a strong reaction higher to the recent SM drop though maybe the August lows have to be retraced first. If a bounce occurs, start easing out of the favorites of the past 7 years if you haven't already.... and start buying what's been out of favor for years. The stock market is near all time highs and then you have hated sectors (like commodities) that have fallen 80-95%, many of them at 5-20 year lows. No one can time the tops and bottoms perfectly. Rotations in sectors are occurring. And if there's no bounce in the stock market....GLTA.
Finviz charts
Finviz charts
Originally Posted By: 69GTX
No one can time the tops and bottoms perfectly.
THIS.
This is the key. Focus on that, don't throw it in as an aside. All of that other [censored] doesn't mean a darn thing b/c of THIS. Charts, witchcraft, none of it means a thing, b/c no one can consistently time the market.
And you know what happens? People try. And they lose. Even if you get it right *most* of the time, you'll still lose.
"Time in the market, not timing the market"
You will outperform your peers if you just buy and hold. Diversify your portfolio, have an asset allocation of stocks:bonds that fits your risk tolerance and your need and ability to take risk.
But that's how to get rich slowly. Its boring. Its much more exciting to "trade" the market - aka gamble! You'll lose. But its more exciting thinking that you know better and that somehow by doing something, you're going to create money and a positive return vs others.
Good luck to all those who are smarter than me and feel lucky.
I'm not lucky and not smarter, so I just follow Mr. Bogle's advice.
No one can time the tops and bottoms perfectly.
THIS.
This is the key. Focus on that, don't throw it in as an aside. All of that other [censored] doesn't mean a darn thing b/c of THIS. Charts, witchcraft, none of it means a thing, b/c no one can consistently time the market.
And you know what happens? People try. And they lose. Even if you get it right *most* of the time, you'll still lose.
"Time in the market, not timing the market"
You will outperform your peers if you just buy and hold. Diversify your portfolio, have an asset allocation of stocks:bonds that fits your risk tolerance and your need and ability to take risk.
But that's how to get rich slowly. Its boring. Its much more exciting to "trade" the market - aka gamble! You'll lose. But its more exciting thinking that you know better and that somehow by doing something, you're going to create money and a positive return vs others.
Good luck to all those who are smarter than me and feel lucky.
I'm not lucky and not smarter, so I just follow Mr. Bogle's advice.
Personally, I think that rebalancing your portfolio is a prudent thing to do now whether that's to the defensive side or just moving gains from existing funds into different existing funds. I did this recently and tracking it, I saved four figures in one of the recent downturn periods just due to the fact that I was overweighted and needed to fix my allocations.
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
In and out of the market may keep your money at x level but it disproportionately impacts your abilities to gain. If you miss the best 20-30 days of a particular market period because you're waiting for the "red phone" to ring telling you to re-enter the market, you've likely already lost most of your future gains.
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
In and out of the market may keep your money at x level but it disproportionately impacts your abilities to gain. If you miss the best 20-30 days of a particular market period because you're waiting for the "red phone" to ring telling you to re-enter the market, you've likely already lost most of your future gains.
Originally Posted By: surfstar
One way to GAURANTEE that you will underperform the market and a basic index fund: TRY AND TIME THE MARKET.
I'm smart. Smarter than the average investor. They don't know what's REALLY going on. They're sheep. Lemmings. They can't see through the smoke and mirrors. But ME, I'M the smart one. I know what's going on. I'm going to time the market based on my intellect and what I've read. No one else gets it. I do, though. I just have this feeling.
Congratulations on being so narcissistic that you believe you're smarter than everyone else, when it comes to the market. Why don't you have a newsletter to share your smarts? Why aren't you a million or billionaire? You know what the market is going to do and when, so why aren't you betting the farm? Why aren't you rich?
Who's being narcissistic?
One way to GAURANTEE that you will underperform the market and a basic index fund: TRY AND TIME THE MARKET.
I'm smart. Smarter than the average investor. They don't know what's REALLY going on. They're sheep. Lemmings. They can't see through the smoke and mirrors. But ME, I'M the smart one. I know what's going on. I'm going to time the market based on my intellect and what I've read. No one else gets it. I do, though. I just have this feeling.
Congratulations on being so narcissistic that you believe you're smarter than everyone else, when it comes to the market. Why don't you have a newsletter to share your smarts? Why aren't you a million or billionaire? You know what the market is going to do and when, so why aren't you betting the farm? Why aren't you rich?
Who's being narcissistic?
Originally Posted By: Vuflanovsky
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
DOW was down 365 today
Don't buy that stay invested [censored], This is a unique time, and going to be big. Liquidity around the world is drying up and the Fed has said they see 4 rates hikes next year.
of course that will not happen, and they need to communicate that even though they will look like they have no clue..Every year there is 15% chance of a recession based on past history...We have not had one since 08-09...do the math, Do you want another 50% haircut?
You can get back in but only after the market bottoms out and stays flat. (capitulation)
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
DOW was down 365 today
Don't buy that stay invested [censored], This is a unique time, and going to be big. Liquidity around the world is drying up and the Fed has said they see 4 rates hikes next year.
You can get back in but only after the market bottoms out and stays flat. (capitulation)
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Originally Posted By: Bluestream
Originally Posted By: Vuflanovsky
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
DOW was down 365 today
Don't buy that stay invested [censored], This is a unique time, and going to be big. Liquidity around the world is drying up and the Fed has said they see 4 rates hikes next year.
of course that will not happen, and they need to communicate that even though they will look like they have no clue..Every year there is 15% chance of a recession based on past history...We have not had one since 08-09...do the math, Do you want another 50% haircut?
You can get back in but only after the market bottoms out and stays flat. (capitulation)
Exactly Bluestream!
Originally Posted By: Vuflanovsky
It's been proven in many, many studies that exiting the market screws you to a significant degree over the longer term. If you're five years away from retirement, I'd still be in some conservative investments rather than exiting the market.
DOW was down 365 today
Don't buy that stay invested [censored], This is a unique time, and going to be big. Liquidity around the world is drying up and the Fed has said they see 4 rates hikes next year.
You can get back in but only after the market bottoms out and stays flat. (capitulation)
Exactly Bluestream!
Unfortunately, my guess is that you were telling people to stay out of the market after the March 2009 bottom which followed a "unique" event also...I wouldn't disagree that this is uncharted territory in many ways but if someone is telling me they know when to enter the market after a long sell-off or severe downturn, then they'd always reap the benefit of the most productive days in the cycle. As mentioned, historically that hasn't been the case for most if not all...and that's the crux of gains over time.
If someone wants to flip houses, turn their IRA into physical gold, or become a McDonald's franchisee to avoid the coming meltdown, more power to them.
The "uniqueness" ( real or imagined ) of this market wouldn't prevent me from doing something as innocuous as dollar cost averaging every month. If we're going to be the equivalent of hunters and gatherers again sooner than later, then it doesn't really matter anyway.
If someone wants to flip houses, turn their IRA into physical gold, or become a McDonald's franchisee to avoid the coming meltdown, more power to them.
The "uniqueness" ( real or imagined ) of this market wouldn't prevent me from doing something as innocuous as dollar cost averaging every month. If we're going to be the equivalent of hunters and gatherers again sooner than later, then it doesn't really matter anyway.
Got these links today, wasn't sure where to put 'em.
CS predicts challenging year for railroads in 2016
http://www.manufacturing.net/news/2016/0...p;type=headline
Quote:
CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.
The railroad's forecast for lower freight volume suggests the overall U.S. economy may be slowing after several years of steady growth.
China's economic turmoil breeds doubt
http://www.manufacturing.net/news/2016/0...p;type=headline
AutoNation CEO warns of auto sales plateau
http://wardsauto.com/dealer/autonation-c...883e22e3854a61b
CS predicts challenging year for railroads in 2016
http://www.manufacturing.net/news/2016/0...p;type=headline
Quote:
CSX Corp. expects to deliver lower profits in 2016 as weak demand for coal and crude oil persists and the strong U.S. dollar continues to limit exports.
The railroad's forecast for lower freight volume suggests the overall U.S. economy may be slowing after several years of steady growth.
China's economic turmoil breeds doubt
http://www.manufacturing.net/news/2016/0...p;type=headline
AutoNation CEO warns of auto sales plateau
http://wardsauto.com/dealer/autonation-c...883e22e3854a61b
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