Have you checked your 401K lately?

[livinincali]

[quote=svelte]If you have no appetite for rollercoasters, you should park your money on the side during October.

It is a notoriously volatile month.[/quote]

As is the case in every major market decline we go ahead an ignore the fact that we probably topped and are looking at a 50% decline over the next 18 months. It’s just a bad month. 10% later, time to buy the dip. 20% decline it will come back. 30% decline I’m worried but I still think the economy is doing good it will come back. 40% decline ok I’m going to sell some stuff. 50% decline oh shit it’s not coming back. Welcome to your life over the next 2 years. I bet how’s your 401K doing isn’t going to be much of a topic once this bubble pops. When you’re on a losing streak, it’s become nobody could see it coming.

[spdrun]

Then again, it could actually be temporary. Remember January 2014? The world didn’t end. No way of knowing till it plays itself out. Or the Fed starts up QE4 🙂

The situation bears(hah!) watching, but I don’t see the world ending tomorrow either. Keep enough cash around for comfort, but don’t panic either.

And repeat after me: individual. stocks. ain’t. the. indices.

[joec]

Why I keep saying interest rates aren’t going up significantly anytime soon…Europe is scared of deflation again.

Low interest rates till 2020 IMO or longer even.

[svelte]

[quote=livinincali][quote=svelte]If you have no appetite for rollercoasters, you should park your money on the side during October.

It is a notoriously volatile month.[/quote]

As is the case in every major market decline we go ahead an ignore the fact that we probably topped and are looking at a 50% decline over the next 18 months. [/quote]

I’m going to remind you of this statement in 18 months. 🙂

[spdrun]

Why I keep saying interest rates aren’t going up significantly anytime soon…Europe is scared of deflation again.

Well … stocks hard-declined after QE2 was euthanized in 2011, even with ZIRP continuing. Possibly the end of QE3 will have the same result, along with real-estate — would be one MOTHER of a buying opportunity. Will take six months for the Fedheads to come up with a way to kick the can further down the road. In the mean time, buyer’s market, BABY!

[ltsddd]

The nasdaq is getting close to “correction” territory. Down close to 8% since Sep 2. Let’s hope corporate earnings won’t be a stinker.

[spdrun]

Why is a correction a bad thing or something to be wished away? You don’t have to be long stocks if you don’t want to be, you know.

Better than an over-inflated, fellated, Obamanated, B.S. (Bernanke) market corrects 10-20% now than 50% in a year or two.

A correction or even a crash is just a buying opportunity. Personally, I hope the market doesn’t decrease further till the October Fed meeting, they taper to zero (and aren’t given an excuse to delay euthanasia of QE3), then the real correction starts!

Another 20% down on the NASDAQ will take us to mid-2013 territory. Not the end of the world.

[poorgradstudent]

Corrections are normal. They are called corrections for a reason.

I’m seeing a pretty awesome buy opportunity. I feel pretty smart that I sold my long positions a few weeks ago. Only wish I had more money in my 401k to play with 😛

[The-Shoveler]

Me too.

[ltsddd]

Same here, got out completely at the end of August and have been buying back on recent dips. Still have 90% of my $ on the sideline.

[joec]

I sold the bulk of my holdings in April.

Netflix getting destroyed in after hours trading today!

[svelte]

[quote=livinincali][quote=svelte]If you have no appetite for rollercoasters, you should park your money on the side during October.

It is a notoriously volatile month.[/quote]

As is the case in every major market decline we go ahead an ignore the fact that we probably topped and are looking at a 50% decline over the next 18 months. It’s just a bad month. .[/quote]

DJIA
17042 – Sept 30
17390 – Oct 31

SP500
1972 – Sept 30
2018 – Oct 31

NASDAQ Composite
4493 – Sept 30
4630 – Oct 31

There will always be another correction in future months, but my statement about October held true in 2014.

[joec]

Everything near all time highs again…I’m sure once I buy in, it will go down.

[spdrun]

Here’s hoping!

Election is done.
QE3 is dead (neither Japan’s not Europe’s programs are comparable in scope).
Commodity prices are deflating.
Stronger dollar will ding US exports soon.

[poorgradstudent]

[quote=joec]Everything near all time highs again…I’m sure once I buy in, it will go down.[/quote]
If you’ve been sitting on the sidelines, I don’t think now is the time to dive back in.

October 13-15th would have been a fine time to dive back in. I’m shocked we’re up 10% since then, and I’m not the most bearish pigg. I’m seriously considering switching my 401k to bond funds in the short run.

[Author]

Posts