I lightened up yesterday. Took some hits, but in no big rush to dive back in. Sept. and Oct. ain't the best months for the market, historically speaking.

I pinned back my ears and decided I was going to ride this one out.

In previous times i got out and didn't time the jump back in as well as I could have and gave up lots of good green.
We'll see how this strategy works comparatively.

Nice move today. Hope everyone made a lot of their money back.

After today's rebound I'm about 2% up year to date, and I was up 6% YTD several weeks ago.

I was told there wouldn't be any math so I didn't bring a calcumalator, but if i'm not mistaken that leaves me down 4% from peak.
I believe it'll come back. Just not sure how quickly.

I'm down about 4-5% from the peak as well. I "think" I'm still up for the year by a few million.

Any of you familiar with the Mojena Market site?
They had a sell signal back on June 7- still very strong sell.

Mojena Market Timing

Have you looked at the history of that signal? It hasn't beat "buy and hold" since 2008. Going back to 1990 it only has a 1% advantage over just holding the S&P and they don't factor in all the trading costs or tax implications. Seems like a waste of time to me.:confused:

3 weeks ago I was up about 110% over last August in my "swing wildly at every pitch" account.

Now I'm up about 10%. So . . . . I got a real nice learnin'.

Up is better than down. Even if it's 10%

Heard on the radio that most Chinese citizens keep their savings in cash or property, so the stock market swing doesn't affect their economy either way.
But in the near future, the PRC is planning on putting its government retirement funds into the market.

That could be huge, one way or another.

Wowza, thought I'd check in on one of my "stupid, but what the hey" stocks today...LNCO +33.85%

Guess that means I'm only down ~9% now :/