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Registered
Join Date: Nov 2007
Posts: 6,275
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Is now the time to go back into the stock market?
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Back in the saddle again
Join Date: Oct 2001
Location: Central TX west of Houston
Posts: 56,333
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1 year or 6 months ago would have been better.
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AutoBahned
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better now than 1 yr from now
buy a good LOW COST mutual fund after you have 6 mo.s living expenses in a cash acct; only then should you buy stocks |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,588
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Actually, I'm getting a bit antsy about the market right now...but to each his own.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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Registered
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No kidding. I am up over 57% for the past 12 months in one acct and 54% in the other.
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74 Targa 3.0, 89 Carrera, 04 Cayenne Turbo http://www.pelicanparts.com/gallery/fintstone/ "The problem with socialism is that you eventually run out of other people's money" Some are born free. Some have freedom thrust upon them. Others simply surrender |
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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If you have a lot of cash I wouldn't go "all in", buy in over time so you can cost average.
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Dog-faced pony soldier
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Depends on the stock. Overall I think the market is due for a big correction, especially in financials.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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Registered
Join Date: Dec 2004
Location: Manhattan Beach
Posts: 774
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I wouldn't get in now unless you have a very long time horizon...
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Now Porsche-less ex-'74 Carrera, '93 RS America, '89 Cab, '88 Coupe “Thank god there’s no 48-hour race anywhere in the world, because chances are nobody could beat Porsche in a 48 hour race.” Carroll Shelby, 1972. |
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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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depends on whether you plan to go short or long.
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Registered
Join Date: Jun 1999
Posts: 7,203
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IMO, should have never gotten out....I'm getting nervous now, we've had quite a run up.
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1957 Speedster, 1965 356SC, 1965 356SC Outlaw, 1972 911T, 1998 993 C2S, 2018 Targa 4 GTS, 2014 Cayenne S, 2016 Boxster Spyder, 2019 Tacoma |
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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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I would expect some profit taking after the quarterly earnings are digested. It has been quite a healthy run up.
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Registered
Join Date: Feb 2009
Location: San Antonio Texas
Posts: 521
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So- given the concensus is to hold, sounds to me like a great time to buy. But I agree dollar cost average, plus diversify.
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Chuck ------- 70 & 75 911S 96 993 C4S '10 F-150 |
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Dog-faced pony soldier
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If by "healthy" you mean "large" or "significant" then I agree with you. If by "healthy" you mean "sustainable" I would disagree.
The market is overvalued right now given the strength (or lack thereof) of our economic fundamentals. It's a bubble. Everyone knows it too - it's just a question of who will get off before the crash/correction. As always some sectors will thrive and others will tank. In general though, the indexes are going to get whacked in short order, I'm guessing on the order of 15-20%. Financials are going to get pounded again too. I'm mulling a short position on financials myself by don't know if I have the stomach for it given the hit I took last year. Money is in a LOT shorter supply these days than two years ago and risks that used to be acceptable are a lot more difficult to swallow.
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A car, a 911, a motorbike and a few surfboards Black Cars Matter |
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Bland
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If you got out 18 months ago, your loss was MY GAIN!
The US economy doesn't reflect the world economy anymore. Do some research, the economy is very strong in Canada and other parts of the world right now and there are still some bargains to be had.
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06 Cayenne Turbo S and 11 Cayenne S 77 911S Wide Body GT2 WCMA race car 86 930 Slantnose - featured in Mar-Apr 2016 Classic Porsche Sold: 76 930, 90 C4 Targa, 87 944, 06 Cayenne Turbo, 73 911 ChumpCar endurance racer - featured in May-June & July-Aug 2016 Classic Porsche Last edited by unclebilly; 04-25-2010 at 06:08 AM.. |
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Stay away from my Member
Join Date: Aug 1999
Location: Agoura, CA
Posts: 5,773
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LOL, the stuff I bought in January-March 2009 has done well.
I'm on a long time horizon but follow the school that you should never stop investing. It makes sense to periodically re-evaluate what you're investing in, but on a 20+ year timeline the weekly or yearly fluctuations should not worry you to death. I don't mess with day-trading or highly speculative stuff, just mainstream stocks and funds.
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Chris C. 1973 914 "R" (914-6) | track toy 2009 911 Turbo 6-speed (997.1TT) | street weapon 2021 Tesla Model 3 Performance | daily driver 2001 F150 Supercrew 4x4 | hauler |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,588
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Ohhh, for that crystal ball...
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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With the exception of Cambell you are all showing a huge amount of naivete...or ignorance..
This is Stock Market 101....During a financial CRISIS the SM was hugely OVERSOLD, far oversold for the basic strength of the economy. As in a pendulum the SM will swing back to a FAIR MARKET value which reflects the true strength of an economy. So the huge move upwards was not a run up but basically a return to fair market values... That being said where is the economy today? Earnings are coming in very strong, the world economy has recovered and is moving forward with great strength. Except for Europe and the USA.. Reflect that with the fact that the SM has shown a 0% return for the past 10 years...The SM will do quite well going forward...5% to 23% per year for the next 10 years is the prognosis by OPIE... Now this is just for the Liberals on this Board...With the adoption of Social Democracy in America..One can EXPECT to have a SLOW TO A NO GROWTH ECONOMY...with unemployment in the 8% to 10% range as being NORMAL...what is the basis of such an assertion...the HISTORY of European Social Democracies...that is how they perform...simple... In the USA there needs to be 3% growth in the economy for job creation without the Social Justice routine...European economies DO NOT usually meet that criteria...so Liberals are virtually voting their own jobs away.
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Copyright "Some Observer" |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,588
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Ahhh, that's the glory of the market...sooner or later, those making predictions can claim they were right..
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
Further and seperate from OPIE..Since the bottom in March of 09 I have been a believer that the market is going to not only teturn to fair market values but do well going forward. It will be in fact a paradox to the US unemployment rates. Corps will find that they can make do with less employees, and the relted social engineering cost. The world econ is quite robust and our SM relfects that...if you go back in the archieves U will see that I have continually said that Corps with international exposure will do well, which is reflected in the price of their stocks. Remember all the times I have said the USA econ is the SICK MAN OF THE WORLD. Just because U Boyz are without a job doesn't mean the world econ isn't booming.. As many of U BOYZ know I watch what the SM is doing everyday for the last 20 years. This is a SM that wants to go up... The way it is moving is very positive...slow and steady... Check it out..bad news sends the market down, but by the end of the day the SM has come off the lows, the next day is usually an up day. In other words bad news does not compound itself, any dip in SM price sends the buyers back in..This is a market that wants to go up...it is seen as a good value...
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Copyright "Some Observer" |
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AutoBahned
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"I watch what the SM is doing everyday..."
- sure sign of a bad investing approach check it every 3 months; buy stocks you can keep for 10 years |
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