Moddiction

Well can't really sell since it is 401K money but oh well hahah. Rolling it over shortly so maybe I can put it somewhere other than the S&P 500 or something..
Have half of my 401K money in a small-mid growth equity fund. Don't really know how to look up info for that one though.

Cyberous

If you really believe we are going to have a down turn can't you move all your allocations to cash? I know I can do that with Vanguard.

I am hoping for a little down turn, I just like to think of it at 401k at clearance

Don

AZDavid

Futures were up in after hours even after this news.

S&P places 23 banks on CreditWatch with negative implications
3:17 p.m. 05/04/2009

Standard & Poor's placed its ratings on 23 banks on CreditWatch with negative implications. The CreditWatch placements relate to an ongoing industry review and reflect companies S&P believes have at least a one-in-two likelihood of a one-notch or multiple-rating downgrade within 90 days. Names placed on CreditWatch with negative implications include: Associated Banc-Corp (ASBC), Astoria Financial (AF), BB&T (BBT), Bank of America (BAC), Capital One (COF), Citigroup

sahtt

Just FYI I will be taking a lot off the table whether this rally continues or not. I basically have "hard" stops set from here and will be taking most of my AAPL off around 138-139.90 if it hits it, YUM about 3 points higher, etc.

The difference between amateurs and professionals is knowing when to sell.

I know for an absolute fact most of the bank and REIT buying has been shorts covering; you can tell by the level 2 action when it gets extreme. You can also tell when there is extreme buying on capitulation like always* happens on C after the very first green candle.

cthree

^ I'm taking profits in everything I bought a couple months back, when AAPL was < $90 I was loading up.

andreiscv

Transferred my 401k funds to capital preservation (money market) for now.

What's up with AMZN? My put option on it is still green because it hasn't been participating so much in the rally after earnings.

AZDavid

If you are really interested in what is going on with markets this is a great blog to follow

http://zerohedge.blogspot.com/

trainwreck

i would be careful with constantly changing your money in and out of mutual funds, especially with 401k. lots of times there are fees and what not depending on the fund for selling early. adjusting ur holdings is one thing, but trying to time the market by cashing out and buying in might not be the best idea.

amzn has had a huge run last month. same with adbe. but as with most tech, its buy on mystery sell on hystery.

therookie

taking everything off the table this morning except small positions in YGE and WMB.

ExOdy

I took some appl and v off the table earlier today. these things have just run up crazily.