At this point you shouldn’t bother trying to get in until this market actually trades above the 200 day moving average. You won’t get to brag to your friends about getting in at the bottom but you also aren’t risking getting caught in a major market decline which is a possibility now. I think the Fed is going to be pretty powerless from preventing a crash at this point.
still happy I took $$$ out of the market and paid off my house last year, though I wish at this point, I took more out and paid off my last rental too.
Damned if you do, damned if you don’t.
That said, I’m excited to be getting my first ESPP plan purchase tomorrow from my new company.
However, the name of the game will be “sell”. My company’s stock has been ridiculously volatile, and I wouldn’t be surprise if we see a +-15% swing in less than a week, which would defeat the purpose of the ESPP purchase. U know, one of those “unicorn” tech companies, so people say.
[quote=The-Shoveler]The Stock market and the local economy seem to be in different universes as far as I can see.
very interesting.
Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.[/quote]
Last time we were in the epicenter of the bubble. Everybody and their brother was a mortgage broker or real estate agent. The sales declined and their income started drying up before the bubble popped. This time we’re going along for the ride. There will probably be some job impact in technology and biotech though. QCOM stock peaked a year and half ago. The biotechs peaked about 6 months ago.
Investors ‘go bananas’ for gold bars as global stock markets tumble
Bullion dealers report record sales as buyers “queue round the block” to purchase the precious metal.
BullionByPost, Britain’s biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis.
Well it’s an even numbered day so the markets will probably be up. Anybody else feeling like this is a financial roller coaster for little kids? Vonnie Quinn on Bloomberg is hot!
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