Official Let's Make Some Money Off Stocks Thread
08-03-2009, 05:13 PM
#2205
Registered User
Join Date: Mar 2003
Location: Philly
Posts: 2,129
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by Regpaq,Aug 3 2009, 04:36 PM
go short. its going to tank
Originally Posted by PearlwhiteS2k,Aug 3 2009, 06:26 PM
^ I agree it's going to tank soon..
Originally Posted by Cyberous,Jul 31 2009, 02:44 PM
Still have quite a bit of cash "waiting" for the leg down but is it ever going to happen? I'm sure it will but how hi do we go up before going down?
In early May, in this very thread, we had this exact same conversation. The market went up very rapidly by a massive amount from March-May. Many posters were saying, "get out now" or "go short now", and advising to buy back in after the market (seemingly inevitably) tanks again.
Well here we are 3 months later. The S&P 500 is up over 10%, and the NASDAQ is up over 14% since the last time we had this "The drop is coming, just you wait!" conversation in this thread in early May.
I'm not saying that we won't see some short term, significant drop in the markets. We probably will. But for those who have remained invested for at least the last 3 months, it's not going to matter much even if we did happen to see a sharp, short term drop. And if you just buy and hold, you do not have to worry about attempting to time the highs and lows.
Andrew
08-03-2009, 07:42 PM
#2206
Registered User
Join Date: Jun 2007
Posts: 140
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by aklucsarits,Aug 3 2009, 05:13 PM
This is why I don't like trying to time the market:
In early May, in this very thread, we had this exact same conversation. The market went up very rapidly by a massive amount from March-May. Many posters were saying, "get out now" or "go short now", and advising to buy back in after the market (seemingly inevitably) tanks again.
Well here we are 3 months later. The S&P 500 is up over 10%, and the NASDAQ is up over 14% since the last time we had this "The drop is coming, just you wait!" conversation in this thread in early May.
I'm not saying that we won't see some short term, significant drop in the markets. We probably will. But for those who have remained invested for at least the last 3 months, it's not going to matter much even if we did happen to see a sharp, short term drop. And if you just buy and hold, you do not have to worry about attempting to time the highs and lows.
Andrew
In early May, in this very thread, we had this exact same conversation. The market went up very rapidly by a massive amount from March-May. Many posters were saying, "get out now" or "go short now", and advising to buy back in after the market (seemingly inevitably) tanks again.
Well here we are 3 months later. The S&P 500 is up over 10%, and the NASDAQ is up over 14% since the last time we had this "The drop is coming, just you wait!" conversation in this thread in early May.
I'm not saying that we won't see some short term, significant drop in the markets. We probably will. But for those who have remained invested for at least the last 3 months, it's not going to matter much even if we did happen to see a sharp, short term drop. And if you just buy and hold, you do not have to worry about attempting to time the highs and lows.
Andrew
)
08-03-2009, 08:38 PM
#2208
Registered User
Join Date: Nov 2008
Location: SoCal.San Clemente<3
Posts: 1,381
Likes: 0
Received 0 Likes
on
0 Posts
it's gone up too much too fast on what basis? cnbc makes it sound like we're getting better, but the housing market still hasn't gotten any better and banks are still failing every week. i don't know where the top is, but i believe (as many others) that it's going to go down soon. i think too much speculation has driven it up. maybe in a month or two we'll see more and more red
08-03-2009, 10:15 PM
#2209
Registered User
Join Date: Apr 2007
Location: Irvine/Orange
Posts: 1,172
Likes: 0
Received 0 Likes
on
0 Posts
I'm too waiting for the dip that never seems to come. The fundamentals of this "recovery" are different from the past so it may even be possible that we might not see a downturn. Nevertheless, I'm really liking this market. I averaged down on a few energy plays when oil dropped back to the $5x.xx a few weeks ago and I couldn't be happier.... for now 
