Dow Hit Again.....Time To Buy? by Jongsstraw

REAL WORLD EVENT DISCUSSIONS

Dow Hit Again.....Time To Buy?

POSTED BY: JONGSSTRAW
UPDATED: Friday, August 17, 2007 05:44
SHORT URL:
VIEWED: 598
PAGE 1 of 1

Thursday, August 16, 2007 7:58 AM

OK you financial whiz kids out there.

Down another 300+ pts today so far to 12,600.

Represents a 10% Loss since 14,000 high last month.

Pretty significant correction...is this it?...or is the worst yet to come?

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, August 16, 2007 8:48 AM

JONGSSTRAW

Nevermind...Dow came back

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, August 16, 2007 9:26 AM

HERO

DOW goes both up and down.

I'd suggest you buy it when its low and sell it when its high. I'm no expert, but that
s what I try to do.

H

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Thursday, August 16, 2007 10:11 AM

JONGSSTRAW

Thanks Hero for your wise advice. It's a kindness. The airwaves are full of pundits who all see different things in the market...I know, I watch them all..Cavuto, Bulls & Bears, Cashin' In, Mad Money, Forbes on Fox, etc. My favorites are Ben Stein, Jonathon Honig, and Wayne Rogers.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 1:46 AM

FINN MAC CUMHAL

I think the correction is over, but I'm not expert enough to speculate. I would suggest avoiding speculation anyway. Trying to capitalize on the current correction could be very risking.

My advice would be to invest in the market if you're not already. The American economy is the most productive in history, if you put your money into it today, in a few years you’ll have a nice chunk of change with little to no effort. It’s the easiest money I’ve ever made.

Nihil est incertius vulgo, nihil obscurius voluntate hominum, nihil fallacius ratione tota comitiorum.

Nothing is more unpredictable than the mob, nothing more obscure than public opinion, nothing more deceptive than the whole political system.

-- Cicero

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 2:09 AM

SIGNYM

I believe in solving problems, not sharing them.

The market should be part of your investment, but not the whole shebang. Are you young, or near retirement? If you're within 5 years of retirement, move your $$ into insured investments that generate a steady income. Also, do you have time to watch your stocks, or do you have so many responsibilities that you can't devote the time? If you're young, and you have the time, AND you know what stocks to pick, then this might be a good time to buy.

Market cycles are like housing cycles- the market will rise dramatically for a few years and then languish for about 10 years, not even keeping pace with inflation. Quite honestly, I don't pay much attention to the market because I'm too busy to buy and sell. I've made a fair but of $$$ in stocks, but only by buying the stocks I KNEW were undervalued (no matter what the market).

---------------------------------
Always look upstream.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 2:31 AM

JONGSSTRAW

Quote:
Originally posted by SignyM:
The market should be part of your investment, but not the whole shebang. Are you young, or near retirement? If you're within 5 years of retirement, move your $$ into insured investments that generate a steady income. Also, do you have time to watch your stocks, or do you have so many responsibilities that you can't devote the time? If you're young, and you have the time, AND you know what stocks to pick, then this might be a good time to buy.

Market cycles are like housing cycles- the market will rise dramatically for a few years and then languish for about 10 years, not even keeping pace with inflation. Quite honestly, I don't pay much attention to the market because I'm too busy to buy and sell. I've made a fair but of $$$ in stocks, but only by buying the stocks I KNEW were undervalued (no matter what the market).

Thanks for your input. I have been out of the stock market since 2001. I guess I've just been a bit scared to go back in since I lost a boatload back them. I do sleep well at night not having to worry about the market, however I feel like everyone else has capitalized and profited greatly during the last 6 years, and I have missed out.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 2:50 AM

SIGNYM

I believe in solving problems, not sharing them.

No, not "everyone"! In fact, the stock market has been something of a dog as far as investments are concerned, because (as Rue pointed out elsewhere) it actually hasn't even kept pace with inflation. The problem with the stock market is that the buy-sell orders are computer-driven and since the brokerages all run on similar software it can create runaway situations. Also, if you buy your stocks from a broker, be aware that brokerages ALSO buy and sell stocks, and a broker may be told to "unload" stocks onto his clients, so think twice before going with a broker's recommendation!

---------------------------------
Always look upstream.

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 4:42 AM

RUE

I have a vote and I'm not afraid to use it!

I've bought a few profitable stocks but for the most part I've stayed out of the market b/c you have to be up on it. No matter what the experts say (don't try to time the market) it's the only way to make money in anything under 20 - 30 years.

(I think it's ridiculous that they will point out chart going back to the 1910s and say - well see, if you had put your money in stocks then and just waited you'd have made out well. No one has 100 years to wait.)

***************************************************************
"Global warming - it's not just a fact, it's a choice."

NOTIFY: N | REPLY | REPLY WITH QUOTE | TOP | HOME

Friday, August 17, 2007 5:44 AM

HERO

Quote:
Originally posted by Jongsstraw:
OK you financial whiz kids out there.

Down another 300+ pts today so far to 12,600.

Represents a 10% Loss since 14,000 high last month.

Pretty significant correction...is this it?...or is the worst yet to come?

I bought into it yesterday morning, sold out a couple hours later...made a little...went back in in the afternoon and sold out again this morning after the FED cut rates and made a lot (at least a lot by my standards).

I found an undervalued stock that is a good buy, but I'll have to hold it for a few months before I see a return, but I'm guess 20-30% by Christmas.

H

NOTIFY: Y | REPLY | REPLY WITH QUOTE | TOP | HOME

YOUR OPTIONS

SHARE THREAD

NEW POSTS TODAY

USER	POST DATE

USER

POST DATE