Home › Forums › Financial Markets/Economics › Time to buy the stock market?
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January 28, 2009 at 10:54 PM #338468January 29, 2009 at 11:35 AM #338152
(former)FormerSanDiegan
Participant[quote=peterb]The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.[/quote]
That’s why I suggested dollar cost-averaging into this market over the next couple years rather than dumping in a lump sum.
January 29, 2009 at 11:35 AM #338480Participant[quote=peterb]The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.[/quote]
That’s why I suggested dollar cost-averaging into this market over the next couple years rather than dumping in a lump sum.
January 29, 2009 at 11:35 AM #338574Participant[quote=peterb]The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.[/quote]
That’s why I suggested dollar cost-averaging into this market over the next couple years rather than dumping in a lump sum.
January 29, 2009 at 11:35 AM #338602Participant[quote=peterb]The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.[/quote]
That’s why I suggested dollar cost-averaging into this market over the next couple years rather than dumping in a lump sum.
January 29, 2009 at 11:35 AM #338694Participant[quote=peterb]The best we’ve gotten so far on this technical bounce has been 9000. From a low of 7400. The record bad news just keeps rolling in. I’m with Chris on this one. The worst is yet to come. The govt is gearing up to spend $3T. Amazing!! Lay-offs are coming in waves. The Dow at 8000 seems too high given the economic devistation at hand and increasing. Historically, credit contractions of this magnitude are very rare and devistating events. One year into a contraction of this level, seem way too early for a bottom.[/quote]
That’s why I suggested dollar cost-averaging into this market over the next couple years rather than dumping in a lump sum.
January 30, 2009 at 8:52 PM #3390814plexowner
Participant[img_assist|nid=10183|title=Dow in January|desc=|link=node|align=left|width=460|height=284]
How does that saying go?
Oh yeah – as goes January, so goes the year
At 1000 points per month the Dow could be at zero before school starts in September
Buy and hold is so dead as an investment philosophy
And dollar cost averaging – let’s see, I’m already in a hole so I think I’ll dig it a little deeper …
Wake up and smell the coffee, Francis
January 30, 2009 at 8:52 PM #339410Participant[img_assist|nid=10183|title=Dow in January|desc=|link=node|align=left|width=460|height=284]
How does that saying go?
Oh yeah – as goes January, so goes the year
At 1000 points per month the Dow could be at zero before school starts in September
Buy and hold is so dead as an investment philosophy
And dollar cost averaging – let’s see, I’m already in a hole so I think I’ll dig it a little deeper …
Wake up and smell the coffee, Francis
January 30, 2009 at 8:52 PM #339505Participant[img_assist|nid=10183|title=Dow in January|desc=|link=node|align=left|width=460|height=284]
How does that saying go?
Oh yeah – as goes January, so goes the year
At 1000 points per month the Dow could be at zero before school starts in September
Buy and hold is so dead as an investment philosophy
And dollar cost averaging – let’s see, I’m already in a hole so I think I’ll dig it a little deeper …
Wake up and smell the coffee, Francis
January 30, 2009 at 8:52 PM #339531Participant[img_assist|nid=10183|title=Dow in January|desc=|link=node|align=left|width=460|height=284]
How does that saying go?
Oh yeah – as goes January, so goes the year
At 1000 points per month the Dow could be at zero before school starts in September
Buy and hold is so dead as an investment philosophy
And dollar cost averaging – let’s see, I’m already in a hole so I think I’ll dig it a little deeper …
Wake up and smell the coffee, Francis
January 30, 2009 at 8:52 PM #339625Participant[img_assist|nid=10183|title=Dow in January|desc=|link=node|align=left|width=460|height=284]
How does that saying go?
Oh yeah – as goes January, so goes the year
At 1000 points per month the Dow could be at zero before school starts in September
Buy and hold is so dead as an investment philosophy
And dollar cost averaging – let’s see, I’m already in a hole so I think I’ll dig it a little deeper …
Wake up and smell the coffee, Francis
January 30, 2009 at 9:50 PM #339086stockstradr
ParticipantBuy and hold is so dead as an investment philosophy
w/regards western stock markets, you have made a brilliant statement above.
Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600”
Then buy oil stocks, and medical / pharma, and gold miners, and agri-commodity. Try to buy those in NON dollar denominated issues, such as European companies, or better yet, Asian companies in those areas.
Keep adding to those positions as the S&P500 continues to crash lower to say 500, or worse!
Never sell those stocks, not until you retire. Also read peterb’s and Chris Scoreboards posts on the market.
Also, don’t own any dollars, except for a $100 bill to frame as a future memento of a currency that died a hyperinflation death. Frame it next to your token Zimbabwe 100 Billion Dollar note.
You’ll get rich following those tips above.
One more thing: anyone who wasn’t short stocks all through Jan is either a moron, or hasn’t been paying attention (to the world), or BOTH.
January 30, 2009 at 9:50 PM #339415ParticipantBuy and hold is so dead as an investment philosophy
w/regards western stock markets, you have made a brilliant statement above.
Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600”
Then buy oil stocks, and medical / pharma, and gold miners, and agri-commodity. Try to buy those in NON dollar denominated issues, such as European companies, or better yet, Asian companies in those areas.
Keep adding to those positions as the S&P500 continues to crash lower to say 500, or worse!
Never sell those stocks, not until you retire. Also read peterb’s and Chris Scoreboards posts on the market.
Also, don’t own any dollars, except for a $100 bill to frame as a future memento of a currency that died a hyperinflation death. Frame it next to your token Zimbabwe 100 Billion Dollar note.
You’ll get rich following those tips above.
One more thing: anyone who wasn’t short stocks all through Jan is either a moron, or hasn’t been paying attention (to the world), or BOTH.
January 30, 2009 at 9:50 PM #339510ParticipantBuy and hold is so dead as an investment philosophy
w/regards western stock markets, you have made a brilliant statement above.
Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600”
Then buy oil stocks, and medical / pharma, and gold miners, and agri-commodity. Try to buy those in NON dollar denominated issues, such as European companies, or better yet, Asian companies in those areas.
Keep adding to those positions as the S&P500 continues to crash lower to say 500, or worse!
Never sell those stocks, not until you retire. Also read peterb’s and Chris Scoreboards posts on the market.
Also, don’t own any dollars, except for a $100 bill to frame as a future memento of a currency that died a hyperinflation death. Frame it next to your token Zimbabwe 100 Billion Dollar note.
You’ll get rich following those tips above.
One more thing: anyone who wasn’t short stocks all through Jan is either a moron, or hasn’t been paying attention (to the world), or BOTH.
January 30, 2009 at 9:50 PM #339536ParticipantBuy and hold is so dead as an investment philosophy
w/regards western stock markets, you have made a brilliant statement above.
Here is some useful advice for average investors: dump all your stocks and stock mutual funds.
Next, ignore the market until your morning newspaper headline reads: “S&P500 CRASHES TO 600”
Then buy oil stocks, and medical / pharma, and gold miners, and agri-commodity. Try to buy those in NON dollar denominated issues, such as European companies, or better yet, Asian companies in those areas.
Keep adding to those positions as the S&P500 continues to crash lower to say 500, or worse!
Never sell those stocks, not until you retire. Also read peterb’s and Chris Scoreboards posts on the market.
Also, don’t own any dollars, except for a $100 bill to frame as a future memento of a currency that died a hyperinflation death. Frame it next to your token Zimbabwe 100 Billion Dollar note.
You’ll get rich following those tips above.
One more thing: anyone who wasn’t short stocks all through Jan is either a moron, or hasn’t been paying attention (to the world), or BOTH.
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