Market Set For A Dive?

wiscoaster

Well-known member
No, I'm still short of bear territory by one percent. Remember, I'm going by my liquid net worth, not market index. I've always done better than the market. And if current housing bubble home market value is added in it's not even that bad. There's more still that needs to come. Today was not a climactic event in the sense of the traditional market "crash". Nobody's jumping out of windows yet, though they may have the sash up. It'll be interesting to see how it rolls around the globe and comes back to kick us in the ass tomorrow morning. I don't think Flag Day is a market holiday, is it? I'd be more worried if it was ....

Too late to sell but too early to buy. Though I'm looking at possibles.
 
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wiscoaster

Well-known member
OK, officially Bear Market from personal NAV POV ... but, not climactic feel to it yet, so probably more to go. And I was indoctrinated in 1987, so "been there, done that" multiple times, and it's not a "crash" yet. Maybe tomorrow. It is an interesting point to note that Monday is a market and bank holiday, so if something is going to happen, tomorrow and this weekend is going to be a very wide window of high-probability vulnerability.
 

wiscoaster

Well-known member
It's time to start looking for bargains. Providing you're long term (ie don't need the money for 10 years or more).
 

theotherwaldo

Well-known member
I've considered dabbling in stocks.
The problem is, I've got relatives that would kill me for what I've got in my pockets, much less what they could get if I did well in the stock market.
A couple of these wonderful family members specialize in putting their wealthy elders in rest homes and then disposing of all of their elder's possessions.
Another, a coroner, had a large collection of gold teeth that he kept in a baby's coffin until he'd gathered enough to sell.
I've even had one of my sisters put a contract out on me with her musician buddies.
Then, when I ducked out to another state, she sold or disposed of everything that I had to leave behind.
I've lost track of her over the years, but if she's still alive and thought that I had anything of value that she could get... .
 

wiscoaster

Well-known member
Well, "dabbling" is a sure-fire presciption for getting fleeced. A well-executed plan with sound fundamentals and persistent discipline over a long period of time works. As you've witnessed done by those who had no compunctions about method. Capitalism is what works for the honest and ethical majority, providing they stick with the discipline and the persistence.
 
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