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divad
Trad climber
wmass
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Will trump apologize or just blame Obama?
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throwpie
Trad climber
Berkeley
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Buy low sell high
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Feb 2, 2018 - 05:11pm PT
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I don't pay a lot of attention to the Dow Jones Industrials Index & usually follow the S & P 500 Index, since it is a better indication of what the U.S. large-cap stock market is up to.
However! I note the Dow Jones Index dropped 666 points today! It's a sure sign that Satan rules our nation & the end is near, ----- or not!
Back on Dec 31, 2017, I did make this prediction:
And what happens in 2018? I predict a 15% - 20% correction in the market at some point next year. I'm firm in predicting the U.S. stock market will either be up or down from its present point, by the end of 2018.
With the economy doing so well, even though Satan is at our helm, a correction (which this sell-off isn't------yet) is a buying opportunity, not a selling mandate.
Stiff upper lips lads!
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Toker Villain
Big Wall climber
Toquerville, Utah
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Guess we'll know by next week if this is just a correction.
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Bruce Morris
Trad climber
Soulsbyville, California
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I've been waiting in the wings for a long, long time now, waiting to snap up some bargains.
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Fritz
Social climber
Choss Creek, ID
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Topic Author's Reply - Feb 2, 2018 - 09:43pm PT
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Bruce Morris! Re your comment:
I've been waiting in the wings for a long, long time now, waiting to snap up some bargains.
Yes!
It is very hard for our minds to endure the agony of that market risk again, once we have "sold-out" of the stock market & converted gains (or losses) to cash:
then, while your cash is not at risk in the stock market, inflation erodes your cash, while the stock market makes big gains,------or not.
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Adventurer
Mountain climber
Virginia
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The DOW is experiencing its biggest single day drop in history! Currently down 903 points with less than thirty minutes left in business day.
Time to buy!!!
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Reilly
Mountain climber
The Other Monrovia- CA
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Time to buy!!!
Yup, a new Volvo with the cash I pulled out last year.
‘Let them eat Priuses.’ - Marie Aintbuyinyette
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Mungeclimber
Trad climber
Nothing creative to say
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Bought in, but strictly for the dividends. Much like certain magazines. hah
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Risk
Mountain climber
Formerly TMJesse
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I pulled everything out of stock funds and shifted into government securities on Jan 18, the day before the shutdown. With the next shutdown at the end of the week along with continued chaos.... So far, I've escaped a 5% drop.
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dirtbag
climber
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Whew. Sold a bunch of stuff last week—now hold over half bonds.
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nature
climber
Boulder, CO
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down 1175 in a day.
thank the piece of sh#t president will take credit for the biglyest drop in history?
#thankobama
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AP
Trad climber
Calgary
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if the Elliot wave folks are right this is just wave 1 IF a major correction is happening. Wave 3 will be the big one
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wilbeer
Mountain climber
Terence Wilson greeneck alleghenys,ny,
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Propbably right. No worries,Inflation outpacing wage growth never happens,resume gambling.
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wilbeer
Mountain climber
Terence Wilson greeneck alleghenys,ny,
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Laughing Hardly
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tradryan
Big Wall climber
San Diego
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"The sell-off followed a spike in yields"
Munge - Since yields are =(dividend payment/stock price) they are always inversely proportional. If a dividend stock's share price rises too much the yield goes down and the stock looks less enticing.
Although my portfolio is up up up.... the last weeks have been rough! I think Fritz talked about buying Ford Motor Co a long time ago when I was reading through this and I was feeling proud because I bought at 10.94 before it went to 13.50. Now I'm feeling less proud with it at 10.24! At least the dividend payments make it easy to swallow.
Give it a day, then probably BUY BUY BUY! NLY is in the gutter too with a strong yield. Enticing. And then there's APO and TWMJF. Never thought of myself as a gambler (haha, yea right, compared to climbing these risks are mundane)
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Toker Villain
Big Wall climber
Toquerville, Utah
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Lets see what happens tomorrow,...
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briham89
Big Wall climber
santa cruz, ca
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Man I bought MCK a couple weeks ago hoping I would make around 10% on what is shaping up to be a shaky year. I hit 14% in 2 weeks.....got greedy and didn't sell (had great momentum)...now it's negative -_-
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Reilly
Mountain climber
The Other Monrovia- CA
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Bitchcoin’s a bargain at $6250!!!!!!
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