Last day of trading in 2007 brings a 100 pt loss for the DOW

[Chris Scoreboard Johnston]

Most 401k’s should have a SP 500 Index fund or something close, and a guaranteed fund, which is mostly bonds. You can always move into bonds during uncertain periods, and into the SP 500 or equivalent fund during good periods.

Unfortunately, alot of 401k’s are not allowing people to move around alot like this nowadays, so if you make allocation changes, be prepared to sit in your new allocation for awhile, and also be questioned for being a market timer.

They (PPT) are again trying to rig the market to go up by stopping people from timing things. However, it is what it is so be aware of it going in.

[stockstradr]

Most 401k’s should have a SP 500 Index fund or something close…

My reply is that your advice is about half right, or “something close.”

Try adding the word “INVERSE” to your advice about buying S&P 500 Index funds, as in:

Under these non-normal market conditions, most 401K’s should have some portion of funds allocated to INVERSE S&P 500 funds or ETF’s.

There. Much better. Now people may actually thank you for that advice.

At the top of the market last year 2007, I bought 2X (Yes, that’s 2X leveraged) INVERSE S&P 500 Index funds.

So I not only ignored your advice, I went OPPOSITE your above advice.

That turned out to be a VERY smart move for my 401K. For those wanting specific suggestions, you might try the inverse ETF products from PROSHARES, such as the Ultrashort, ticker “SDS”

I won’t even detail the numerous PUTS I also bought on the various indexes at the peak last year, but you can be sure I’ve made a hell of a lot of money on those PUTS.

If I had instead followed the advice you just gave, and had bought straight S&P 500 index funds at the top of the market last year, that portion of my 401K would now be DOWN 5%.

Now, I imagine you’ll respond and note that the S&P index was up 3.5% for 2007, and you’ll claim your advice remains sound.

Then I’ll respond (now) and remind you that 3.5% was obviously below the actual inflation rate, and also below the interest I earned (5%) last year in my online bank’s savings account!

Under normal economic conditions, your buy-the-S&P index advice is sound advice, but given the current accelerating MESS our economy is in, your advice is not good.

Last comment for anyone reading this thread: I’m NOT suggesting people dump 100% of their 401K into inverse S&P index funds, but I am suggesting allocating say 10% to 25% to inverse index funds, depending on your age and how much risk you can accept for your portfolio. And one more thing, you certainly should sell almost every stock (and bull mutual fund or ETF) you own, and consider selectively shorting some stocks.

[stockstradr]

Most 401k’s should have a SP 500 Index fund or something close…

My reply is that your advice is about half right, or “something close.”

Try adding the word “INVERSE” to your advice about buying S&P 500 Index funds, as in:

Under these non-normal market conditions, most 401K’s should have some portion of funds allocated to INVERSE S&P 500 funds or ETF’s.

There. Much better. Now people may actually thank you for that advice.

At the top of the market last year 2007, I bought 2X (Yes, that’s 2X leveraged) INVERSE S&P 500 Index funds.

So I not only ignored your advice, I went OPPOSITE your above advice.

That turned out to be a VERY smart move for my 401K. For those wanting specific suggestions, you might try the inverse ETF products from PROSHARES, such as the Ultrashort, ticker “SDS”

I won’t even detail the numerous PUTS I also bought on the various indexes at the peak last year, but you can be sure I’ve made a hell of a lot of money on those PUTS.

If I had instead followed the advice you just gave, and had bought straight S&P 500 index funds at the top of the market last year, that portion of my 401K would now be DOWN 5%.

Now, I imagine you’ll respond and note that the S&P index was up 3.5% for 2007, and you’ll claim your advice remains sound.

Then I’ll respond (now) and remind you that 3.5% was obviously below the actual inflation rate, and also below the interest I earned (5%) last year in my online bank’s savings account!

Under normal economic conditions, your buy-the-S&P index advice is sound advice, but given the current accelerating MESS our economy is in, your advice is not good.

Last comment for anyone reading this thread: I’m NOT suggesting people dump 100% of their 401K into inverse S&P index funds, but I am suggesting allocating say 10% to 25% to inverse index funds, depending on your age and how much risk you can accept for your portfolio. And one more thing, you certainly should sell almost every stock (and bull mutual fund or ETF) you own, and consider selectively shorting some stocks.

[stockstradr]

Most 401k’s should have a SP 500 Index fund or something close…

My reply is that your advice is about half right, or “something close.”

Try adding the word “INVERSE” to your advice about buying S&P 500 Index funds, as in:

Under these non-normal market conditions, most 401K’s should have some portion of funds allocated to INVERSE S&P 500 funds or ETF’s.

There. Much better. Now people may actually thank you for that advice.

At the top of the market last year 2007, I bought 2X (Yes, that’s 2X leveraged) INVERSE S&P 500 Index funds.

So I not only ignored your advice, I went OPPOSITE your above advice.

That turned out to be a VERY smart move for my 401K. For those wanting specific suggestions, you might try the inverse ETF products from PROSHARES, such as the Ultrashort, ticker “SDS”

I won’t even detail the numerous PUTS I also bought on the various indexes at the peak last year, but you can be sure I’ve made a hell of a lot of money on those PUTS.

If I had instead followed the advice you just gave, and had bought straight S&P 500 index funds at the top of the market last year, that portion of my 401K would now be DOWN 5%.

Now, I imagine you’ll respond and note that the S&P index was up 3.5% for 2007, and you’ll claim your advice remains sound.

Then I’ll respond (now) and remind you that 3.5% was obviously below the actual inflation rate, and also below the interest I earned (5%) last year in my online bank’s savings account!

Under normal economic conditions, your buy-the-S&P index advice is sound advice, but given the current accelerating MESS our economy is in, your advice is not good.

Last comment for anyone reading this thread: I’m NOT suggesting people dump 100% of their 401K into inverse S&P index funds, but I am suggesting allocating say 10% to 25% to inverse index funds, depending on your age and how much risk you can accept for your portfolio. And one more thing, you certainly should sell almost every stock (and bull mutual fund or ETF) you own, and consider selectively shorting some stocks.

[stockstradr]

Most 401k’s should have a SP 500 Index fund or something close…

My reply is that your advice is about half right, or “something close.”

Try adding the word “INVERSE” to your advice about buying S&P 500 Index funds, as in:

Under these non-normal market conditions, most 401K’s should have some portion of funds allocated to INVERSE S&P 500 funds or ETF’s.

There. Much better. Now people may actually thank you for that advice.

At the top of the market last year 2007, I bought 2X (Yes, that’s 2X leveraged) INVERSE S&P 500 Index funds.

So I not only ignored your advice, I went OPPOSITE your above advice.

That turned out to be a VERY smart move for my 401K. For those wanting specific suggestions, you might try the inverse ETF products from PROSHARES, such as the Ultrashort, ticker “SDS”

I won’t even detail the numerous PUTS I also bought on the various indexes at the peak last year, but you can be sure I’ve made a hell of a lot of money on those PUTS.

If I had instead followed the advice you just gave, and had bought straight S&P 500 index funds at the top of the market last year, that portion of my 401K would now be DOWN 5%.

Now, I imagine you’ll respond and note that the S&P index was up 3.5% for 2007, and you’ll claim your advice remains sound.

Then I’ll respond (now) and remind you that 3.5% was obviously below the actual inflation rate, and also below the interest I earned (5%) last year in my online bank’s savings account!

Under normal economic conditions, your buy-the-S&P index advice is sound advice, but given the current accelerating MESS our economy is in, your advice is not good.

Last comment for anyone reading this thread: I’m NOT suggesting people dump 100% of their 401K into inverse S&P index funds, but I am suggesting allocating say 10% to 25% to inverse index funds, depending on your age and how much risk you can accept for your portfolio. And one more thing, you certainly should sell almost every stock (and bull mutual fund or ETF) you own, and consider selectively shorting some stocks.

[stockstradr]

Most 401k’s should have a SP 500 Index fund or something close…

My reply is that your advice is about half right, or “something close.”

Try adding the word “INVERSE” to your advice about buying S&P 500 Index funds, as in:

Under these non-normal market conditions, most 401K’s should have some portion of funds allocated to INVERSE S&P 500 funds or ETF’s.

There. Much better. Now people may actually thank you for that advice.

At the top of the market last year 2007, I bought 2X (Yes, that’s 2X leveraged) INVERSE S&P 500 Index funds.

So I not only ignored your advice, I went OPPOSITE your above advice.

That turned out to be a VERY smart move for my 401K. For those wanting specific suggestions, you might try the inverse ETF products from PROSHARES, such as the Ultrashort, ticker “SDS”

I won’t even detail the numerous PUTS I also bought on the various indexes at the peak last year, but you can be sure I’ve made a hell of a lot of money on those PUTS.

If I had instead followed the advice you just gave, and had bought straight S&P 500 index funds at the top of the market last year, that portion of my 401K would now be DOWN 5%.

Now, I imagine you’ll respond and note that the S&P index was up 3.5% for 2007, and you’ll claim your advice remains sound.

Then I’ll respond (now) and remind you that 3.5% was obviously below the actual inflation rate, and also below the interest I earned (5%) last year in my online bank’s savings account!

Under normal economic conditions, your buy-the-S&P index advice is sound advice, but given the current accelerating MESS our economy is in, your advice is not good.

Last comment for anyone reading this thread: I’m NOT suggesting people dump 100% of their 401K into inverse S&P index funds, but I am suggesting allocating say 10% to 25% to inverse index funds, depending on your age and how much risk you can accept for your portfolio. And one more thing, you certainly should sell almost every stock (and bull mutual fund or ETF) you own, and consider selectively shorting some stocks.

[HereWeGo]

Short plays are ALWAYS trades, never investments. If you’re not comfortable with that idea, don’t buy those inverse ETFs.

That said, I’m looking at dxesx on the next up day. That trade is all on the long side at this point, which is usually a good time to get to the other side of the boat … or get slaughtered, as the case may be.

[HereWeGo]

Short plays are ALWAYS trades, never investments. If you’re not comfortable with that idea, don’t buy those inverse ETFs.

That said, I’m looking at dxesx on the next up day. That trade is all on the long side at this point, which is usually a good time to get to the other side of the boat … or get slaughtered, as the case may be.

[HereWeGo]

Short plays are ALWAYS trades, never investments. If you’re not comfortable with that idea, don’t buy those inverse ETFs.

That said, I’m looking at dxesx on the next up day. That trade is all on the long side at this point, which is usually a good time to get to the other side of the boat … or get slaughtered, as the case may be.

[HereWeGo]

Short plays are ALWAYS trades, never investments. If you’re not comfortable with that idea, don’t buy those inverse ETFs.

That said, I’m looking at dxesx on the next up day. That trade is all on the long side at this point, which is usually a good time to get to the other side of the boat … or get slaughtered, as the case may be.

[HereWeGo]

Short plays are ALWAYS trades, never investments. If you’re not comfortable with that idea, don’t buy those inverse ETFs.

That said, I’m looking at dxesx on the next up day. That trade is all on the long side at this point, which is usually a good time to get to the other side of the boat … or get slaughtered, as the case may be.

[Chris Scoreboard Johnston]

Nothing I have said is advice, it is commentary on a blog. I was simply telling someone who seemed to want to be less exposed, how to accomplish it in a 401k, nothing more. My clients get my advice, which for the official record was a profit of over $34,000 per contract in 2007, that is per contract and is audited! If you want to compete with me, my question to you is do you have anything that can rival that? I suspect you are some loudmouth who makes a lucky trade here and there but net loses.

To recommend inverse funds for the average Joe is irresponsible, but I think most people can see from what they read from you that you are full of it. Inverse funds are not available in 401k funds, anyone who knows anything at all knows that. 401k funds specifically try to discourage short term trading, and if you were in the busines you would be aware of that.

However, since you know it all, I will leave all the trading commentary to you.

Thanks for giving me the half right billing, I something to aspire to in getting the other half.

[Chris Scoreboard Johnston]

Nothing I have said is advice, it is commentary on a blog. I was simply telling someone who seemed to want to be less exposed, how to accomplish it in a 401k, nothing more. My clients get my advice, which for the official record was a profit of over $34,000 per contract in 2007, that is per contract and is audited! If you want to compete with me, my question to you is do you have anything that can rival that? I suspect you are some loudmouth who makes a lucky trade here and there but net loses.

To recommend inverse funds for the average Joe is irresponsible, but I think most people can see from what they read from you that you are full of it. Inverse funds are not available in 401k funds, anyone who knows anything at all knows that. 401k funds specifically try to discourage short term trading, and if you were in the busines you would be aware of that.

However, since you know it all, I will leave all the trading commentary to you.

Thanks for giving me the half right billing, I something to aspire to in getting the other half.

[Chris Scoreboard Johnston]

Nothing I have said is advice, it is commentary on a blog. I was simply telling someone who seemed to want to be less exposed, how to accomplish it in a 401k, nothing more. My clients get my advice, which for the official record was a profit of over $34,000 per contract in 2007, that is per contract and is audited! If you want to compete with me, my question to you is do you have anything that can rival that? I suspect you are some loudmouth who makes a lucky trade here and there but net loses.

To recommend inverse funds for the average Joe is irresponsible, but I think most people can see from what they read from you that you are full of it. Inverse funds are not available in 401k funds, anyone who knows anything at all knows that. 401k funds specifically try to discourage short term trading, and if you were in the busines you would be aware of that.

However, since you know it all, I will leave all the trading commentary to you.

Thanks for giving me the half right billing, I something to aspire to in getting the other half.

[Chris Scoreboard Johnston]

Nothing I have said is advice, it is commentary on a blog. I was simply telling someone who seemed to want to be less exposed, how to accomplish it in a 401k, nothing more. My clients get my advice, which for the official record was a profit of over $34,000 per contract in 2007, that is per contract and is audited! If you want to compete with me, my question to you is do you have anything that can rival that? I suspect you are some loudmouth who makes a lucky trade here and there but net loses.

To recommend inverse funds for the average Joe is irresponsible, but I think most people can see from what they read from you that you are full of it. Inverse funds are not available in 401k funds, anyone who knows anything at all knows that. 401k funds specifically try to discourage short term trading, and if you were in the busines you would be aware of that.

However, since you know it all, I will leave all the trading commentary to you.

Thanks for giving me the half right billing, I something to aspire to in getting the other half.

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