Mass panic will filter out the weak hands, create a situation where investors are sitting on large amounts of cash, and a question in most people's mind is if we are near bottom. We don't see it yet but based on gut feeling people will see a move that'll signal it's time to get back in, and people will buy back in and ride it back up as fast as they sold it, not wanting to miss the ride up. Emotions will always drive the market, more powerful than fundamentals can achieve alone. It's human nature.
I don't know how to play the sell low, buy lower game, but I beleive in the campany I am rooting for and am willing to throw more money at it at what I perceive to be boxing day sale prices.
I don't know how to play the sell low, buy lower game, but I beleive in the campany I am rooting for and am willing to throw more money at it at what I perceive to be boxing day sale prices.
Dow went from -500 to -350 pretty quickly. Now back up to -470. There are buyers out there, but they are getting smarter and waiting for the EOD to pickup a better deal. I know I did too.
One must be wondering what's happening behind closed doors in the White House and what plans do they have in store for us to help stabilise the market and bring back investor confidence. Millions of dollars of equity are evaporating every day.
SunnyD
Belgian Waffler
Millions of dollars that should never have been there in the first place. This is yet another market correction fixing the last year of speculation trading that's been going on.
I started investing about 10 years ago. About every 6 months I think "I wish I had only ever bought AAPL... oh well too late now".
JMapleton
Diamond Member
- Nov 19, 2008
- 4,179
- 2
- 81
Intelligent investors saw this coming. The market needed a correction from the inflation fed rally that occurred in the last two years.
This will create a great buying opportunity when the market bottoms out, which might be a short while.
It's almost impossible to predict bottoms, but I expect the S&P to go below 1,000, maybe below 900, that's not unreasonable. This isn't a crash, just a correction though.
This will create a great buying opportunity when the market bottoms out, which might be a short while.
It's almost impossible to predict bottoms, but I expect the S&P to go below 1,000, maybe below 900, that's not unreasonable. This isn't a crash, just a correction though.
Engineer
Elite Member
- Oct 9, 1999
- 39,230
- 701
- 126
So you think that the S&P falling another 20% on top of the 17+% it's already fallen since mid July isn't a crash, just a correction? LOL.
SunnyD
Belgian Waffler
Dow Jones
10,809.85 -634.76 (-5.55%
S&P 500
1,119.46 -79.92 (-6.66%)
Nasdaq
2,357.69 -174.72 (-6.90%)
D: :biggrin:
The market has been overpriced for years now. 2008 fixed it a good bit, but then the speculators killed it yet again - propped up by the government. The market is realizing that it just can't go on like this forever - yet the speculators don't seem to get that. This cycle will happen a couple more times before the dust settles and people realize that just can't pump the market up to pad their wallets at their own whim.
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F this
Glad I sold out of most of my single stocks like F @ 15, C @ 44, and A @ 51 (apparently I only like single letter symbols?)
Now F @ 9.93, C @ 28, A @ 32.56 - And people were telling me earlier not to sell some of these b/c I'd have to pay some short term capitals gains. Nobody ever went broke making gains, even if you have to pay taxes.
Of course those were small fries compared to my market index funds and 401k funds. Those are just plain screwed.
The best thing I learned from 2008 to now those is:
1. Don't be afraid to put money in when the market is low, average down if you can
2. Don't be afraid to take some profits. This whole "hold and watch your money gain 7% a year" is old advice IMO. That $hit doesn't happy anymore b/c of a more global economy and people that do their own online investing. I'm to trying to "time" the market, but I have no problem actually selling funds now, I give up on the whole "set it and forget" method, it's stupid b/c you never take any profits you just see your net worth go up and down and you gain no actual paper money.
Glad I sold out of most of my single stocks like F @ 15, C @ 44, and A @ 51 (apparently I only like single letter symbols?)
Now F @ 9.93, C @ 28, A @ 32.56 - And people were telling me earlier not to sell some of these b/c I'd have to pay some short term capitals gains. Nobody ever went broke making gains, even if you have to pay taxes.
Of course those were small fries compared to my market index funds and 401k funds. Those are just plain screwed.
The best thing I learned from 2008 to now those is:
1. Don't be afraid to put money in when the market is low, average down if you can
2. Don't be afraid to take some profits. This whole "hold and watch your money gain 7% a year" is old advice IMO. That $hit doesn't happy anymore b/c of a more global economy and people that do their own online investing. I'm to trying to "time" the market, but I have no problem actually selling funds now, I give up on the whole "set it and forget" method, it's stupid b/c you never take any profits you just see your net worth go up and down and you gain no actual paper money.
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agreed, it take a few iterations before it stabilizes ... the question is how far down will drop on this dip, S&P to 900s, 800s, lower? and for that matter subsequent dips.
JMapleton
Diamond Member
- Nov 19, 2008
- 4,179
- 2
- 81
FelixDeCat
Lifer
- Aug 4, 2000
- 31,100
- 2,717
- 126
anyone have thoughts about Berkshire Hathaway (BRK-B) for long-term?
supposedly the company has been downgraded by S&P and the share price seems to have reflected that (along w/ the whole market trend of going down). does anyone smarter than me think that the company is still a good investment in the mid-to-long term? their fundamentals seem good and i am tempted to invest more $$ in them.
looking for some input thanks!
supposedly the company has been downgraded by S&P and the share price seems to have reflected that (along w/ the whole market trend of going down). does anyone smarter than me think that the company is still a good investment in the mid-to-long term? their fundamentals seem good and i am tempted to invest more $$ in them.
looking for some input thanks!
Imp
Lifer
- Feb 8, 2000
- 18,828
- 184
- 106
As far as I know, the only thing it has going for it is Warren Buffet, and he doesn't look like he's going to be in full control (if he even still is) within the next few years. His apparent successor turned out to be a fraudulent piece of shit, IIRC.
JMapleton
Diamond Member
- Nov 19, 2008
- 4,179
- 2
- 81
I've followed BRK closely for over a decade and while they will never duplicate the returns they have in the past simply because of their size, I would bet every penny I have or will have BRK is one of the safest and most solid companies in the US.
Buffett specifically designed that company to last a century or longer. All the companies he's purchased, he thought very closely about long term viability and what he calls having a "moat" around the company (in terms of competition).
JMapleton
Diamond Member
- Nov 19, 2008
- 4,179
- 2
- 81
Buffett's approach to investing is very simple. He's not like a talented stock trader or hedge fund investor. Buffett can and will find a competent replacement because he's talents can be duplicated. Buffett's true talent has been his consistent application of his talents, something few people can continue to do for 50 years as he has.
It's people like you who will make BRK an excellent buy the day Buffett ceases to control BRK and the stock falls hard.
Also, I can assure you, Buffett is in full control of that company and goes to work every day.
You go ahead and bring a shareholder vote to the table. Buffett vs. "X"
Warren Buffett alone controls 34% of the voting power at Berkshire Hathaway.
This doesn't include shares owned by Charlie Munger or Bill Gates and his foundation.
You go ahead and keep spreading these myths.
David Sokol never has been(and never will be) considered his apparent successor.
Only Barron's believed that.
I made a boatload of money after the market collapsed the last time, I'd advise after this thing finds its bottom to invest.
thanks guys. seems now is a good time to buy in general and i think i'll buy some more BRK-B today.
Jeffg010
Diamond Member
- Feb 22, 2008
- 3,435
- 1
- 0
Where is the bottom?
The million dollar money making question, if only. I still think it is going down. Since I'm out I want it to go down like it did in 2008. I can't fathom why people think jumping in now is a good thing. If the market goes down again today what did you accomplish by getting back in? 2008 is still too fresh in peoples mind.
The people that can't stay out for any length of time are the same type of people who stand around at a casinos thinking if I jump back in I can make money. Those types of people are just too addicted to the market to stay out. They really have no will power
By me jumping in and out of the market I made more money that way then my 401k could ever do or ever will. What TheNinja said is pretty much what I follow and I am going to do this time around. Wait it out and jump back in when the market looks like it is coming back. I won't jump back in either after one day of gains that is a joke. I'll wait out until it looks likes it coming back around for a good awhile. Even if I miss the bottom so be it.
I'd say if it drops below 11k start buying, and only invest in Mid-large cap stocks as the risk is less then investing in smaller cap stocks, IE Intel vs AMD, buy Intel.
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