- This topic has 8 replies, 5 voices, and was last updated 17 years, 4 months ago by
(former)FormerSanDiegan.
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July 31, 2007 at 6:47 AM #9654July 31, 2007 at 9:14 AM #68855
GoUSC
ParticipantI am happy when the market goes up because, in general, my 401k does well.
To be honest, ideally I would like to see the US continue to expand because we are switching from a consumption national to a production nation (go GM!)…not that that will happen. I think a lot of people on this board are, like me, pissed off they have been priced out of the housing market (In my case I could still afford a house but I refuse to pay a mortgage so out of whack with rents) and they want to see a correction to quicken the pace of housing price changes.
July 31, 2007 at 9:14 AM #68925ParticipantI am happy when the market goes up because, in general, my 401k does well.
To be honest, ideally I would like to see the US continue to expand because we are switching from a consumption national to a production nation (go GM!)…not that that will happen. I think a lot of people on this board are, like me, pissed off they have been priced out of the housing market (In my case I could still afford a house but I refuse to pay a mortgage so out of whack with rents) and they want to see a correction to quicken the pace of housing price changes.
July 31, 2007 at 9:56 AM #68881HereWeGo
ParticipantWell, Chris and I were here when we got our tails handed to us last week.
The interesting news today was the incredible strength from the Europeans. They have followed the US like a puppy for some time, but today, when the Dow dropped 100 pts over a brief period, the Europeans actually rallied. The FTSE went from +2.0% to +2.5% in the face of the Dow downturn. It’s nice to see the Europeans (and especially the British) show some independence, that’s a really good sign from my perspective.
July 31, 2007 at 9:56 AM #68951ParticipantWell, Chris and I were here when we got our tails handed to us last week.
The interesting news today was the incredible strength from the Europeans. They have followed the US like a puppy for some time, but today, when the Dow dropped 100 pts over a brief period, the Europeans actually rallied. The FTSE went from +2.0% to +2.5% in the face of the Dow downturn. It’s nice to see the Europeans (and especially the British) show some independence, that’s a really good sign from my perspective.
July 31, 2007 at 10:17 AM #68893surveyor
Participant=fwack=
I got wacked pretty well by the market last week. Lost about $20k, but I got half of it back now. I just kept buying. Couldn’t buy much though – I don’t have a lot of cash lying around…
July 31, 2007 at 10:17 AM #68963Participant=fwack=
I got wacked pretty well by the market last week. Lost about $20k, but I got half of it back now. I just kept buying. Couldn’t buy much though – I don’t have a lot of cash lying around…
July 31, 2007 at 10:22 AM #68895(former)FormerSanDiegan
ParticipantBeing a housing bear and a market bull has paid off well the last couple years. Many folks have trouble being pessimistic in one realm and optimistic on the other. I think it boils down to personality traits. Those who are neither eternally pessimistic or eternally optimistic typically come out ahead.
July 31, 2007 at 10:22 AM #68965ParticipantBeing a housing bear and a market bull has paid off well the last couple years. Many folks have trouble being pessimistic in one realm and optimistic on the other. I think it boils down to personality traits. Those who are neither eternally pessimistic or eternally optimistic typically come out ahead.
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