from USATODAY.COM
personally...I am buying a whole bunch of mutual funds this month and this just makes it better for me.
personally...I am buying a whole bunch of mutual funds this month and this just makes it better for me.
Nasdaq Slips Below 2000 wiping out 2004 gains, Dow Close behind, Analysts worried about job growth/elevated valuation
- Thread starter tnitsuj
- Start date
I saw an article the other week saying Buffet thought the market was overvalued. Of course, I ignored it cause I'm sticking to my dollar-cost averaging plan. I thought about shorting martha stewart stock also 
But I lack the bravery or the play money...
But I lack the bravery or the play money...20% revenue growth QoQ and 28% general rise in profits across the boards. guess it's not good enuff no more until the jobs show up.
cuz all the great numbers can't be sustained or so they worry
cuz all the great numbers can't be sustained or so they worry
You beat me to it Tnitsuj
Where's Heartsurgeon, his beloved Market is tanking again.
I hope he doesn't have shares in Sun.
It gets even better, there's an article that shows that many Mutual Funds are now closed except to the super wealthy.
3-9-2004 Nasdaq Ends Below 2,000
The Nasdaq ended below the psychologically key 2,000 level for the first time this year. Both the Nasdaq and the blue-chip Dow, which have been pinned in a narrow trading range for more than a month, are now hovering close to the same levels as at the start of the year.
Banc of America Securities cut its rating on Sun Microsystems to "neutral" from "buy."
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The Rich Boys have put so much money in that now only the Super Wealthy can play the Monopoly game:
3-9-2004 Many Funds Are Closing to New Investors
NEW YORK - A growing number of mutual funds are closing their doors to new investors for a reason that might sound heretical coming from Wall Street: They have more money than they know what to do with.
Fund investors, encouraged by the recovery, are shoveling money into the market at levels not seen since the height of the late 1990s technology boom. Total mutual fund assets now stand at a record $7.5 trillion, according to the Investment Company Institute. January was the third-largest month ever for equity funds, with $43.8 billion of inflows.
But all this new money is coming in at a time when stocks aren't cheap. Many investors are chasing last year's best performers ? which market professionals warn against ? including small-caps, which are trading at extremely high valuations.
The rapid inflow of money and the dearth of good deals creates a challenging situation for fund managers. They can either bend their discipline and buy stocks they wouldn't normally buy, let cash build up and risk dragging down returns or close to new investors. In most cases, experts say, temporarily shutting down is the most responsible choice.
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"In most cases, experts say, temporarily shutting down is the most responsible choice."
Yeah right. The only treason they are doing that now is because last time the small investors (those with around 100,000 to 500,000) were burned so badly that the Manager Parent Companies are paying back in Lawsuits and settlements and they don't want to do that again.
We're less than 10 weeks into the year, so let's keep "wiping out 2004 gains" in a bit of perspective. This is a short-term correction in an otherwise pretty good uptrend pattern. Plus we're still down pretty big from the all-time Nasdaq highs even with the outsized gains of 2003 and early 2004, so slipping from 2200 to below 2k is pretty much a non-event when you were at 5000+ about four years ago.
Not sure if I trust financial advice or analysis from someone who's forum name is "Q36ExplosiveSpaceModulator" -- WTF?
Any of the other smart financial types around here got some good mutual fund picks for me? I'm also dumping cash into my SEP IRA this month and need some nice moderate risk mutual funds. Thinking of jumping into some index funds ... I'm really not sure.
You just don't remember the relevant Bugs Bunny episode... it was what Marvin the Martian was going to use to blow up the earth, because "it was blocking his view of Venus." This might help:
Q36 explosive space modulator .wav
I think you answered your own question. Vanguard's index funds would do quite nicely for you (or anyone for that matter), and you could look into index or sector ETF's (Exchange Traded Funds) if you prefered that flavor of index investing. As far as not getting financial advice from me (or anyone else on an online forum), I'm a series 7 licensed general securities representative, but that's probably a better reason not to take advice from me than my unusual AT nickname is
Originally posted by: Q36ExplosiveSpaceModulator
I think you answered your own question. Vanguard's index funds would do quite nicely for you (or anyone for that matter), and you could look into index or sector EFT's if you prefered that flavor of index investing. As far as not getting financial advice from me (or anyone else on an online forum), I'm a series 7 licensed general securities representative, but that's probably a better reason not to take advice from me than my unusual AT nickname is
I was kidding. Mostly.
Heh, thanks for the warning though! Too bad Anand doesn't add a financial forum here -- us geeks gotta stick together. When you say "sector EFT's" what do you mean exactly? Is that just like an index only filtered for a specific sector? Like "technology" or "biotech" or what have you?
ETFs
Typo. I meant to type ETF, for Exchange Traded Funds. For most folks here, that will primarily mean investments like the QQQ (Nasdaq index) and SPY (S&P 500 Index), although sector funds like technology or biotech qualify. There's also now ETFs designed to help fit specific investing strategies, like one that focuses on dividend-paying stocks (DVY).
The advantages of ETF's vs. regular index funds are that they trade during the day rather than being daily-priced like index mutual funds, allow you to better control your taxable earnings, and offer some more trading flexibility. To index funds' advantage, they normally have a slightly better cost structure (lower management fees) and of course no commissions to pay.
IMO, i still think it's the "Ides of March" effect, in which ppl are at the time where they have to file taxes AND PAY FOR THEM. and to do that they have to sell stock, usually the ones that gained the most, hence nasdaq is under heavy pressure since it rose like 50% last year.
dam i miss the january effect
dam i miss the january effect
CADsortaGUY
Lifer
Originally posted by: ReiAyanami
IMO, i still think it's the "Ides of March" effect, in which ppl are at the time where they have to file taxes AND PAY FOR THEM. and to do that they have to sell stock, usually the ones that gained the most, hence nasdaq is under heavy pressure since it rose like 50% last year.
dam i miss the january effect
Yeah - OH TEH NOOEEESS!!! - 3months
CkG
I love the ignorant attitude. When Clinton was in office and the market was way overvalued, this was good because the economy was "booming."
Now the economy can't be good and the stock market must be evil, so any gains now are bogus... put Kerry in office and all the libs will be running around saying how great stock market gains are for the economy.
Such a shame that an entire class of people price themselves on being two-faced wafflers.
Now the economy can't be good and the stock market must be evil, so any gains now are bogus... put Kerry in office and all the libs will be running around saying how great stock market gains are for the economy.
Such a shame that an entire class of people price themselves on being two-faced wafflers.
Dow Jones Industrial Average - 1 year chart
God Bless the United States of America, President Bush, and the Dow Jones Industrial Average.
The "beloved market" has helped make me a "tons" of money of the last 24 years. It's putting my kids through college, and it's going to make my retirement glorious.
the market isn't tanking, it's just "catching it's breath"
God bless capitalism.
"the market isn't tanking, it's just "catching it's breath"
Straight from the mouths of the Rich Boys Club.
I'm not a rich boy, and I don't think the market is tanking either. Nothing else other than real estate is really going to give you such consistent returns over the long term with so little work. Index Funds baby, Index Funds.
corporate earnings are up 28% YoY, and businesses are actually beginning to increase their budgets
now if only we could get them to pay taxes...
now if only we could get them to pay taxes...
Uh, no, sorry Dave, but some of us stuck with stuffy old Blue Chips and companies with good management in lieu of the latest designer craze from dotus bombus. We are in just as good if not better shape than before. Don't ever forget what I tell you: Where there is chaos, there is money and lots of it.
Betting on a companies with no earnings history or non-existent P/E ratios? Please. That's for day traders, hard-up brokers and kiddies. The Iraqi Invasion? What an awesome buying opportunity! Hillary "I hate drug companies" Clinton? Hello pharmaceuticals!
Like I said earlier, where there is chaos, there is money. Don't forget it!
Yep, here at the R.B.C. the women are beautiful and smart, the Scotch is at least 25 years old, and everyone listens to Rush at lunch time.
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