Posted on 10/10/2014 1:26:07 PM PDT by Signalman
*U.S. Stocks End Lower; DJIA Drops 115 Points, or 0.7%
*Nasdaq Composite Sinks 2.3%
(Excerpt) Read more at online.wsj.com ...
Maybe you can only pump fake dollars into a fake economy for so long. But what do I know?
Probably Friday selloff. Investors with the jitters. We will see what Monday brings.
You have to way way back to find the S&P in a 30-point range every day for four days in a row. This is a sign of a system going out of control, like somebody starting to skid on the ice.
Wasn’t it crazy like this in the summer of 2008? Or am I mis-remembering?
A wee bit of volatility this week.
We will see what Monday brings...
After everyone checks their portfolios over the weekend it could get ugly!
200 dma is ~1877 if we dip below that..?
I’ve been out - it’ll hit sometime before the holidays. I won’t go back in until it’s under 10,000.
Any thoughts on what I should do with 401k money? I’m likely about 20 years from retirement.
Me too. I quit a job of 16 years last summer and took that 401K and rolled it over into a cash account. That is the first thing I would do if you can. But if you still work for an employer that has your 401K not sure if you can. Then I would get ready to take everything in physical cash when this thing drops below 10,000. Because after that, you may not be able to get to your money at all and I would rather have 60% percent of it than none of it. I am not a financial advisor but this is what I am going to do.
I think this was the week the American public and the world finally had their “aw, crap, he really IS incompetent!” moment.
Found a bargain yesterday and bought. I will buy some more in the weeks ahead.
Could be ebola, too.
I didn't see the market tanking until the Fed raises interest rates. If it comes before the mid-terms, boy, won't Obola be surprised.
Slowdown in Europe and China, interest rates about to go up for the first time in forever, and the Fed ending their asset purchases (aka printing money).
All those things are bad for stocks.
You can still afford to wait it out. You could put a portion in cash.
I'm 10 years from retirement, and, depending how next week goes, I'm thinking about putting 50% in cash.
I'm pretty sure that, judging by historical precedent, we're a year overdue for a correction. Then again, the fed is behaving in an unprecedented manner.
I shifted most of my money into government securities and bonds Monday. My allocation of retirement funds is 80% safer, 20% in the stock market. It was 30% safeish, 70% stock market all last year. The correction is nigh.
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