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Bollweevil
Join Date: Dec 2003
Location: Fulshear, Texanistan
Posts: 3,361
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A little "Froth" in the stock market ?
Is is possible another major "correction" is on the horizon?
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Jack 74 911 Coupe 2.7L - K21 Option - S suspension |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,515
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yes
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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 ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,482
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Pulled back a chunk of my portfolio on Friday from stocks to money market. Only a matter of time before there's a correction, especially since there's little substance to support the market where it is today. Can move back to stocks once the correction runs it's course.
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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Slackerous Maximus
Join Date: Apr 2005
Location: Columbus, OH
Posts: 18,162
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Yes. Correction coming. 15-20%.
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2022 Royal Enfield Interceptor. 2012 Harley Davidson Road King 2014 Triumph Bonneville T100. 2014 Cayman S, PDK. Mercedes E350 family truckster. |
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AutoBahned
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I had a couple of stocks I was going to sell, but you guys have convinced me to hold them ...
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gduke2010
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,482
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Quote:
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Registered
Join Date: Oct 2003
Location: Roseville, CA
Posts: 3,066
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because it is expected to drop, which is why you hold. When has the market ever done what it is expected to do?
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1992 968 Polar Silver 2010 Toyota Highlander SE 2006 Lexus LS430 ML |
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,482
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Ah....the old double negative strategy. What could possibly go wrong?
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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Registered
Join Date: Jan 2012
Location: NW Ohio
Posts: 9,733
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I will look at my 401K options to see if anything looks correction proof, possibly bonds.
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AutoBahned
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Almost Banned Once
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Quote:
I wouldn't do anything right now.
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- Peter |
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Sugar Scoops Rule :)
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Stay diversified, my friends....
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Dave _______________________________________________ '76 911S Targa '62 VW Type 1 Sunroof '73 914 2.0 (1st Porsche, gone long ago but not forgotton) |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,515
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^^^^^Bingo
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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
Join Date: Mar 1999
Location: Vancouver,Wa.
Posts: 4,457
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"A little"???????
The term "irrational exuberance" fits nicely.......cept for the traders. They get their cut regardless.
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JPIII Early Boxster |
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15 Year Member
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Quote:
Please explain what fundamentals tell you that there is no substance to support the market? Please be specific. Please tell us when your market timing model indicates a good time to return to equities.
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1972 Porsche 911 2.4L 2025 Porsche 911 3.8L Turbo 2019 Mustang Shelby GT350 |
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Registered
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Bears are always right. Eventually. Even if it takes years.
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techweenie | techweenie.com Marketing Consultant (expensive!) 1969 coupe hot rod 2016 Tesla Model S dd/parts fetcher |
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Registered
Join Date: Jan 2002
Location: I'm out there.
Posts: 13,084
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That's funny... Having said that, I think it's a great time to buy real estate in solid locations.
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My work here is nearly finished.
Last edited by Moses; 04-16-2013 at 05:14 PM.. |
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,482
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Quote:
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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15 Year Member
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Quote:
I bought a rental house two years ago, and RE is getting expensive here. Quote:
Good luck on your retirement account calls going forward.
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1972 Porsche 911 2.4L 2025 Porsche 911 3.8L Turbo 2019 Mustang Shelby GT350 |
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