It's over 9000!!!!!!!

[LikeLinus]

Originally posted by: Engineer

Timing might have worked well this time but most people can't time the market. I know people who took it out after a huge chuck of the drop and sure, they didn't drop to the bottom...but the market has now recovered to a point "higher" than what they jumped out at. I guess if enough people jumped out it would drop and they would look like geniuses and if they all jumped back in, again, looked like a genius when the market rocketed up.

Besides, nobody ever advised to start looking at all cash unless you were less than 5 years from retirement. Nobody suggested that 14 years worth of gains would have been wiped out in 1.5 years.

I read an article that stated that if you missed out on the 20 single largest days of the S&P 500 during the 90's, not only did you miss the profit, but you would have been negative. (No, I don't have a link, sorry).

I would never take my money out, but in Dec. I changed 100% of my portfolio into a stable principle fund that so far as gained me 2% for the year. Looking at the rest of the investment options, all of them were well in the negative (some around 30-50%) for the year and I would have lost thousands of dollars. Once things start to pick up, I'll change my portfolio mix and buy back into the more moderate risk things.

So it's more about investing smart than just pulling out.

 

[Engineer]

Originally posted by: LikeLinus

Originally posted by: Engineer

Timing might have worked well this time but most people can't time the market. I know people who took it out after a huge chuck of the drop and sure, they didn't drop to the bottom...but the market has now recovered to a point "higher" than what they jumped out at. I guess if enough people jumped out it would drop and they would look like geniuses and if they all jumped back in, again, looked like a genius when the market rocketed up.

Besides, nobody ever advised to start looking at all cash unless you were less than 5 years from retirement. Nobody suggested that 14 years worth of gains would have been wiped out in 1.5 years.

I read an article that stated that if you missed out on the 20 single largest days of the S&P 500 during the 90's, not only did you miss the profit, but you would have been negative. (No, I don't have a link, sorry).

I would never take my money out, but in Dec. I changed 100% of my portfolio into a stable principle fund that so far as gained me 2% for the year. Looking at the rest of the investment options, all of them were well in the negative (some around 30-50%) for the year and I would have lost thousands of dollars. Once things start to pick up, I'll change my portfolio mix and buy back into the more moderate risk things.

So it's more about investing smart than just pulling out.

You're up 2% since when? Since January 1st? If that's the case, you missed a large chunk of rally. I did not touch my 401k and it's up 14% since Jan 1st. Of course, it was down "insert large % here" in March from it's high (and still is down from it's high) but moving your money in December is a classic example of why it's difficult to time the market.

 

[dmcowen674]

Originally posted by: Special K

Originally posted by: SunnyD

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

My company's business is directly tied to the oil market. As painful as it is to say - I'm somewhat grateful for rising oil prices - means I get to keep my job.

Yeah, but look how volatile the price has been lately. It hit as low as $33 in December. Then it peaked at ~$70 in June, then it dropped to about $55, now it's back near $70 again.

I wouldn't be suprised if most of oil's recent movement has been due more to speculators rather than actual producers/consumers of oil.

Oil & Gas inventory at 25 year highs

 

[Engineer]

Originally posted by: PlasmaBomb

Originally posted by: Engineer

Originally posted by: AyashiKaibutsu
WHAT? OVER 9000!?

Click the Smiley!

(not mine, the OP's).

Hurry, because it has started falling since the OP posted!

You fail at dragonball...

What the hell is dragonball?

 

[Engineer]

Originally posted by: dmcowen674

Originally posted by: Special K

Originally posted by: SunnyD

Originally posted by: Special K
Meanwhile, oil marches up right along with the stock market. :frown:

My company's business is directly tied to the oil market. As painful as it is to say - I'm somewhat grateful for rising oil prices - means I get to keep my job.

Yeah, but look how volatile the price has been lately. It hit as low as $33 in December. Then it peaked at ~$70 in June, then it dropped to about $55, now it's back near $70 again.

I wouldn't be suprised if most of oil's recent movement has been due more to speculators rather than actual producers/consumers of oil.

Oil & Gas inventory at 25 year highs

CNBC reported that there is so much of the stuff that they are leaving a 60 day supply floating around the ocean in tankers because they have no place to store the stuff.

 

[sohcrates]

CSX keeps going up up up. Trains are the future!

And go CAT. Whether or not any construction is actually happening doesn't seem to matter anymore.

9000+ FTW

 

[SunnyD]

Originally posted by: Engineer

Originally posted by: PlasmaBomb

Originally posted by: Engineer

Originally posted by: AyashiKaibutsu
WHAT? OVER 9000!?

Click the Smiley!

(not mine, the OP's).

Hurry, because it has started falling since the OP posted!

You fail at dragonball...

What the hell is dragonball?

It's over 9000!

 

[moparacer]

I hate to say it but CNBC just said that traders are crediting the fact that Obamas health care reform is being stalled for the 2 percent pop today.....


So in a round about way it is Obamas doing!

lmao

 

[dullard]

Well, I did it. Went from 10% bonds / 90% stocks to 17% bonds / 83% stocks. If the rally keeps going, I'll move to 25% bonds (probably around S&P 1050). But I don't think it'll make it there any time soon.

 

[Engineer]

Originally posted by: moparacer
I hate to say it but CNBC just said that traders are crediting the fact that Obamas health care reform is being stalled for the 2 percent pop today.....


So in a round about way it is Obamas doing!

lmao

LOL. The rally started with a big 3M earnings report this morning, followed by Ford's better than expected numbers and finally, housing came in stronger than expected. The 2% upward movement was well ahead of Harry Reid stating that no vote would happen before the fall.

Originally posted by: dullard
Well, I did it. Went from 10% bonds / 90% stocks to 17% bonds / 83% stocks. If the rally keeps going, I'll move to 25% bonds (probably around S&P 1050). But I don't think it'll make it there any time soon.

Yes, after getting my ass burned during the last 1.5 years (up until March), I'm thinking of doing something similar. Already went to 10% after I had gained nearly 50% from the lows of the portfolio. Might go 15 to 20% bonds soon and leave it there, and the bond fund that I have as a choice averages just under 7% for the last 10 years, so not a bad choice (especially since the market has dumped for over 10 years now).

 

[yllus]

Originally posted by: nerdress

Originally posted by: yllus
Okay, I'll be the first to admit it. I thought of Dragonball Z when I saw the thread title.

this. only you aren't the first...i'm pretty sure you're like, the third.

Wrong! I was still the first to admit to it.

Originally posted by: polarmystery

Originally posted by: nerdress
...only you aren't the first...i'm pretty sure you're like, the third.

That's what she said.

lol

 

[Special K]

Hooray, the recession's officially over! DOW 14k by the end of the year!

 

[TheNinja]

sell, sell, sell!!!

 

[SunnyD]

Originally posted by: Engineer

Originally posted by: dullard
Well, I did it. Went from 10% bonds / 90% stocks to 17% bonds / 83% stocks. If the rally keeps going, I'll move to 25% bonds (probably around S&P 1050). But I don't think it'll make it there any time soon.

Yes, after getting my ass burned during the last 1.5 years (up until March), I'm thinking of doing something similar. Already went to 10% after I had gained nearly 50% from the lows of the portfolio. Might go 15 to 20% bonds soon and leave it there, and the bond fund that I have as a choice averages just under 7% for the last 10 years, so not a bad choice (especially since the market has dumped for over 10 years now).

The conservative risk taker in me started my 401k at 66%/33% stocks-to-bonds. I've played with the categories I'm putting into some, but I haven't touched the ratio at all. Granted I'm not netting nearly as high a % increase on the market, but all the same it makes it easier to weather the ups and downs of the last year a lot more.

 

[Engineer]

Originally posted by: amdhunter
No thanks to Obama.

Just saw that the Nasdaq is on pace to close higher for the 13th straight day. That last time this happened was when Bill Clinton (1992) was sworn into office, lol!

 

[thegimp03]

Originally posted by: Engineer

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

All thanks to Bush? Give me a fucking break and get some of your facts straight. Wasn't it Clinton's idea to use Fannie Mae and Freddie Mac to expand home ownership to lower income Americans and those with low credit history? Those who are now unable to make payments and caused the real estate market to basically crash because of all the foreclosures? These were people who shouldn't have even thought about buying a house.

 

[Engineer]

Originally posted by: thegimp03

Originally posted by: Engineer

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

All thanks to Bush? Give me a fucking break and get some of your facts straight. Wasn't it Clinton's idea to use Fannie Mae and Freddie Mac to expand home ownership to lower income Americans and those with low credit history? Those who are now unable to make payments and caused the real estate market to basically crash because of all the foreclosures? These were people who shouldn't have even thought about buying a house.

Cry much? I played the game with amdhunter because he was stating that Obama didn't help with the rally. I blamed the fall on Bush and hurt your feelings :cry;

As for facts, there is not one single FACT that caused this recession. It was a buildup over several presidential terms (Clinton's and Bush's) that caused this. Get your panties out of your ass.

 

[thegimp03]

Originally posted by: Engineer

Originally posted by: thegimp03

Originally posted by: Engineer

Originally posted by: tboo

Originally posted by: amdhunter
No thanks to Obama.

This

Again, all thanks to Bush for the initial drop. And again, see how that's played? Take it back to P&N. Serious discussions between men/women going on here...no trolls allowed!

All thanks to Bush? Give me a fucking break and get some of your facts straight. Wasn't it Clinton's idea to use Fannie Mae and Freddie Mac to expand home ownership to lower income Americans and those with low credit history? Those who are now unable to make payments and caused the real estate market to basically crash because of all the foreclosures? These were people who shouldn't have even thought about buying a house.

Cry much? I played the game with amdhunter because he was stating that Obama didn't help with the rally. I blamed the fall on Bush and hurt your feelings :cry;

As for facts, there is not one single FACT that caused this recession. It was a buildup over several presidential terms (Clinton's and Bush's) that caused this. Get your panties out of your ass.

It's clear I called out the way you (mis)stated "all thanks to Bush". And now you're going back on your initial response to say "buildup over several pres. terms that caused this - which is correct.

What a mature response you had to what I stated. Crying? I'd expect nothing less from someone like you trolling around Off Topic - go back to P&N, your friends are there, plus, the Dow being above 9000 is more like News, (the 'N' in P&N) isn't it? By the way, when was the last time Kentucky made it to the Final 4? That OT loss to AZ must have really hurt. :brokenheart:

 

[EagleKeeper]

Engineer's comment related to Bush was a play on amdhunter statement relating to Obama.

Stop the attacks unless you wish to move into P&N on this.

Senior Anandtech Moderator
Common Courtesy

 

[EagleKeeper]

Hopefully, there will not be a large selling/profit taking spree on Friday and this is an indication of confidence strength that the economy will be turning around.

 

[mshan]

My somewhat educated impression is:

- S&P 500 around 900 roughly represented fair value, given current economic conditions (i.e. world is not going to end and credit markets have stabilzed, albeit on government life support)

- earnings beats now seem in great part due to what, retrospectively, was overaggressive cost cutting and inventory reduction by companies when forward visibility was much more impaired

- anticipated economic tail wind for rest of year based upon rebuild up of inventory and economic stimulus (plus other stimulus packages from around the world)

- still risk of double dip type recession next year when inventory build and economic stimulus effects have worn off

(I also read somewhere that there is a lot of phantom bank owned foreclosures that could start spilling back into market next year)

 

[zinfamous]

Originally posted by: amdhunter
No thanks to Obama.

But do you blame him for the recession occurring before his election? The disappearance of the first $600 Billion bailout package (again, before he was elected)?

I am interested in your answer

 

[nerdress]

my non-educated once-so-ever impression is:

yay!

 

[zinfamous]

Originally posted by: Demon-Xanth
I chuckled.

This is a good sign though. The readjustment may be going much faster than I was expecting and we may have already seen the worst of it.

I'll care when we begin to see employment rise.

 

[zinfamous]

Originally posted by: Engineer

Originally posted by: PlasmaBomb

Originally posted by: Engineer

Originally posted by: AyashiKaibutsu
WHAT? OVER 9000!?

Click the Smiley!

(not mine, the OP's).

Hurry, because it has started falling since the OP posted!

You fail at dragonball...

What the hell is dragonball?

Don't worry, I'd consider it a compliment.