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Started By
Message
moving out of the money markets today
Posted on 10/2/08 at 2:37 pm
Posted on 10/2/08 at 2:37 pm
back into my regular investments, hoping to get at least a five percent bump tommorow, then back to the money market . . . . . . .
3
Posted on 10/2/08 at 2:42 pm to cenla tigah
you don't have trading restrictions? Or are you just trading individual stocks?
ETA: looking at the action today, I'm not sure trying to pick a bottom here is a good idea.
ETA: looking at the action today, I'm not sure trying to pick a bottom here is a good idea.
This post was edited on 10/2/08 at 2:46 pm
Posted on 10/2/08 at 5:48 pm to Colonel Hapablap
your right, its a crap shoot, but I feel good about a bounce back. As far as trading restricitons, I have wait 30 days to go back into the same equity funds I was in before. Howevver, within the group I have to choose from, there were a couple I wasnt in.
Posted on 10/2/08 at 5:51 pm to cenla tigah
I'm just saying, in general, that this is a crash-like setup. We could easily bounce for a few percent gain, but we could also have a 20% down day. Or worse. Not a good expected return on that one, IMO.
Posted on 10/2/08 at 5:54 pm to rmc
quote:
Assuming you won't be betting on black?
opposite actually, I'm betting on no black day on wall street tommorow. Since those have been abundant lately, and the bailout likely to pass tommorow, I'm betting on green. Then, back to the safe havens, hoping to pick up a few points . . . . . (but thats prolly way to deep for such a shallow mind . . . .
Posted on 10/2/08 at 5:57 pm to Colonel Hapablap
quote:
I'm just saying, in general, that this is a crash-like setup. We could easily bounce for a few percent gain, but we could also have a 20% down day. Or worse. Not a good expected return on that one, IMO.
yes its true, your point on. But I just have a gut feeling for a bounceback. If I'm right, (and I pray I am, already made the move), I'm right back into the money market tommorow. . . . .
(my verzion of day trading
)Posted on 10/2/08 at 5:58 pm to Colonel Hapablap
Quarterly reports coming over the next two weeks. Dow below 10,000 by year end.
Posted on 10/2/08 at 6:02 pm to kfizzle85
I think you are right, I think its downward from here, at least for the short. But I played the super short, trying to make a fast buck tommorow.
A lot of the "experts" on here told me I was stupid for moving all my assests into the money market a few weeks ago, when we were in the upper elevens . . . . .
A lot of the "experts" on here told me I was stupid for moving all my assests into the money market a few weeks ago, when we were in the upper elevens . . . . .
Posted on 10/2/08 at 6:03 pm to cenla tigah
quote:
A lot of the "experts" on here told me I was stupid for moving all my assests into the money market a few weeks ago, when we were in the upper elevens . . . . .
who was that?
Posted on 10/2/08 at 6:07 pm to Colonel Hapablap
i could go back and look, my post title was " I took every cent out of my retirement today"
Posted on 10/2/08 at 6:17 pm to cenla tigah
I can see where you're going with the super-short play, and I'm with you, I definitely think the DOW will rally back to at or near 11 over the next two weeks or so.
ETA: Or until the 10-Qs start coming out.
This post was edited on 10/2/08 at 6:21 pm
Posted on 10/2/08 at 6:27 pm to kfizzle85
Isn't employment data coming out tomorrow? I haven't seen any forecasts, but I doubt it would be good. If those numbers are bad, I wouldn't be getting into the market tomorrow.
Posted on 10/2/08 at 6:30 pm to Colonel Hapablap
Is there a way to buy shares of the S&P 500, so that as that goes up or down, my investment follows those movements?
Posted on 10/2/08 at 6:43 pm to novabill
SPY is an ETF that tracks it, as is IVV from ishares. I am sure there are others. I know these two track it closely, but not exactly the same. Someone more knowledgeable may be able to explain why.
Posted on 10/2/08 at 7:31 pm to cenla tigah
quote:
A lot of the "experts" on here told me I was stupid for moving all my assests into the money market a few weeks ago, when we were in the upper elevens . . . . .
Some of us recommended you move partially to a money market and/or direct future contributions to a MM or stable value fund in you retirement vehicle as you were already down. Not to personalize the situation, but your actions could be compared to the poster child of why retail investors generate significantly lower returns than the market. No realistic asset allocation plan and waiting until well into a decline prior to going to cash and locking in a loss, then hop back in with no strategic plan with the hopes that a one day rise will luckily occur. Why is it this one day of the year that will allow you to generate a positive return? I have no idea how old you are or what the value of your holdings are, but what you are contemplating is highly risky. Good luck.
Perhaps you would be better off researching sectors that have experienced severe declines and DCA'ing into them through your 401k over time. I mean it when I say good luck, don't like anyone losing money, retirement funds or otherwise.
This post was edited on 10/2/08 at 7:33 pm
Posted on 10/2/08 at 7:56 pm to tirebiter
quote:
don't like anyone losing money, retirement funds or otherwise
advice well taken, thanks, really.
Posted on 10/2/08 at 8:00 pm to cenla tigah
as far as "luckily" hoping for a one day gain, I agree with you. However, the day after the "bailout" is unified, and approved, you gotta believe there will be a bump.
Not usually willing to take such risks, I think these are unusual times. I think they present that one day opportunity. Maybe I'm radical, crazy, or a gambler, but I am a big time hold'em player
Not usually willing to take such risks, I think these are unusual times. I think they present that one day opportunity. Maybe I'm radical, crazy, or a gambler, but I am a big time hold'em player
Posted on 10/2/08 at 8:00 pm to novabill
Nova, you can check out Proshares inverse ETF's if what you seek is a holding to balance out long holdings in the S&P 500 or other indexes. It is not dollar for dollar long term results but could be of help. Warning, the ultra's can be extremely volatile. Can't buy the financials at this time.
LINK
LINK
Posted on 10/2/08 at 9:02 pm to cenla tigah
quote:
as far as "luckily" hoping for a one day gain, I agree with you. However, the day after the "bailout" is unified, and approved, you gotta believe there will be a bump.
One could postulate that the bailout is too little too late and corporate damage will continue with no access to CP or other ST funding mechanisms. Nothing is guaranteed.
Posted on 10/2/08 at 10:29 pm to rmc
quote:
Assuming you won't be betting on black?
I wish I could be so confident about a particular day's returns.
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