Home › Forums › Financial Markets/Economics › when to buy into 401k?
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peterb.
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October 14, 2008 at 9:34 PM #287369October 14, 2008 at 9:52 PM #287700
moneymaker
ParticipantI think the time to buy in was last Friday. I also took cash out last year, with the hopes of putting down on a house but I just can’t seem to do it as prices still seem to high to me. As volatile as the market has been I expect it will hover between 9 and 10,000 until the end of the year. Smart people are investing in good stocks right now, I don’t have that ability to individually analyze stocks so I pretty much ignore the markets wild swings.
October 14, 2008 at 9:52 PM #287384moneymaker
ParticipantI think the time to buy in was last Friday. I also took cash out last year, with the hopes of putting down on a house but I just can’t seem to do it as prices still seem to high to me. As volatile as the market has been I expect it will hover between 9 and 10,000 until the end of the year. Smart people are investing in good stocks right now, I don’t have that ability to individually analyze stocks so I pretty much ignore the markets wild swings.
October 14, 2008 at 9:52 PM #287731moneymaker
ParticipantI think the time to buy in was last Friday. I also took cash out last year, with the hopes of putting down on a house but I just can’t seem to do it as prices still seem to high to me. As volatile as the market has been I expect it will hover between 9 and 10,000 until the end of the year. Smart people are investing in good stocks right now, I don’t have that ability to individually analyze stocks so I pretty much ignore the markets wild swings.
October 14, 2008 at 9:52 PM #287684moneymaker
ParticipantI think the time to buy in was last Friday. I also took cash out last year, with the hopes of putting down on a house but I just can’t seem to do it as prices still seem to high to me. As volatile as the market has been I expect it will hover between 9 and 10,000 until the end of the year. Smart people are investing in good stocks right now, I don’t have that ability to individually analyze stocks so I pretty much ignore the markets wild swings.
October 14, 2008 at 9:52 PM #287727moneymaker
ParticipantI think the time to buy in was last Friday. I also took cash out last year, with the hopes of putting down on a house but I just can’t seem to do it as prices still seem to high to me. As volatile as the market has been I expect it will hover between 9 and 10,000 until the end of the year. Smart people are investing in good stocks right now, I don’t have that ability to individually analyze stocks so I pretty much ignore the markets wild swings.
October 14, 2008 at 10:06 PM #287715scaredyclassic
Participantnobody knows. that’s the truth.
also, most market movement is noise. meaningless. there is no way to predict the future.
October 14, 2008 at 10:06 PM #287746scaredyclassic
Participantnobody knows. that’s the truth.
also, most market movement is noise. meaningless. there is no way to predict the future.
October 14, 2008 at 10:06 PM #287742scaredyclassic
Participantnobody knows. that’s the truth.
also, most market movement is noise. meaningless. there is no way to predict the future.
October 14, 2008 at 10:06 PM #287398scaredyclassic
Participantnobody knows. that’s the truth.
also, most market movement is noise. meaningless. there is no way to predict the future.
October 14, 2008 at 10:06 PM #287699scaredyclassic
Participantnobody knows. that’s the truth.
also, most market movement is noise. meaningless. there is no way to predict the future.
October 14, 2008 at 10:23 PM #287720peterb
ParticipantNumber one rule of all the successful traders and investors in the market….know the trend. The trend is now down. If you can handle shorting or puts, get in there and make some dough as we are headed for an all-time waterfall. But I dont think that’s your MO. So do the accumulation thing. Buy in 20% chunks as your decision is confirmed by the stock increasing in price. And if it goes down 5%, get out and wait. This is no place for amatuers right now. A lot of smart money is waiting this one out. And they are smart! Some of the smartest plays are not to play!
GDX is probably a good play long in this market.Keep this in mind…US unemployment is 6.1%, CA unemployment is 7.7%, the globe is headed towards a recession and showing no reversal, home equity is being devistated and most companies are cutting back on spending. Many companies will be posting earnings in the next 2 months. I am betting the news will not be good. How will the market that’s already not very happy, react to this news??
October 14, 2008 at 10:23 PM #287403peterb
ParticipantNumber one rule of all the successful traders and investors in the market….know the trend. The trend is now down. If you can handle shorting or puts, get in there and make some dough as we are headed for an all-time waterfall. But I dont think that’s your MO. So do the accumulation thing. Buy in 20% chunks as your decision is confirmed by the stock increasing in price. And if it goes down 5%, get out and wait. This is no place for amatuers right now. A lot of smart money is waiting this one out. And they are smart! Some of the smartest plays are not to play!
GDX is probably a good play long in this market.Keep this in mind…US unemployment is 6.1%, CA unemployment is 7.7%, the globe is headed towards a recession and showing no reversal, home equity is being devistated and most companies are cutting back on spending. Many companies will be posting earnings in the next 2 months. I am betting the news will not be good. How will the market that’s already not very happy, react to this news??
October 14, 2008 at 10:23 PM #287704peterb
ParticipantNumber one rule of all the successful traders and investors in the market….know the trend. The trend is now down. If you can handle shorting or puts, get in there and make some dough as we are headed for an all-time waterfall. But I dont think that’s your MO. So do the accumulation thing. Buy in 20% chunks as your decision is confirmed by the stock increasing in price. And if it goes down 5%, get out and wait. This is no place for amatuers right now. A lot of smart money is waiting this one out. And they are smart! Some of the smartest plays are not to play!
GDX is probably a good play long in this market.Keep this in mind…US unemployment is 6.1%, CA unemployment is 7.7%, the globe is headed towards a recession and showing no reversal, home equity is being devistated and most companies are cutting back on spending. Many companies will be posting earnings in the next 2 months. I am betting the news will not be good. How will the market that’s already not very happy, react to this news??
October 14, 2008 at 10:23 PM #287747peterb
ParticipantNumber one rule of all the successful traders and investors in the market….know the trend. The trend is now down. If you can handle shorting or puts, get in there and make some dough as we are headed for an all-time waterfall. But I dont think that’s your MO. So do the accumulation thing. Buy in 20% chunks as your decision is confirmed by the stock increasing in price. And if it goes down 5%, get out and wait. This is no place for amatuers right now. A lot of smart money is waiting this one out. And they are smart! Some of the smartest plays are not to play!
GDX is probably a good play long in this market.Keep this in mind…US unemployment is 6.1%, CA unemployment is 7.7%, the globe is headed towards a recession and showing no reversal, home equity is being devistated and most companies are cutting back on spending. Many companies will be posting earnings in the next 2 months. I am betting the news will not be good. How will the market that’s already not very happy, react to this news??
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