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-   -   Who's still in/out of the Stock Market? (http://glocktalk.com/forums/showthread.php?t=1460466)

wrenrj1 12-27-2012 20:05

Who's still in/out of the Stock Market?
 
I just cashed out as of 12-28, put my orders in earlier tonight. I don't have much in the stock market, just money I could afford to lose, but I won't give a percentage of it to Obama, plus I believe that there's going to be a major sell off prior to Jan. 1.

I'll take my gains under current tax law and see if the cliff happens. I can always get back in with what I believe is a lower cost if the cliff happens. Any thoughts on the stock market as it relates to the fiscal cliff?

unit1069 12-27-2012 20:17

I shorted the market last month but was stopped out and am currently all cash. I can't see how Europe is already in recession and the US can avoid another one.

M2 Carbine 12-27-2012 20:35

The only large money I've ever lost was when the "experts" were managing my money in the stock market.

Never again.

jpa 12-27-2012 20:37

If we go off the cliff, I'm buying up a whole bunch of mutual fund shares.

Louisville Glocker 12-27-2012 20:44

Not a bad time to sell. I don't have that option (retirement account). If it plummets, wait until the bottom is reached (Dow at 8000 or so), and buy it back up. Always rebounds.

Just remember, sell high, buy low.

But, my crystal ball tells me it is going to keep going up to about 14,000 this year. Maybe a bit higher. I think the economy is looking decent, housing continues to improve (huge in my perspective), and companies are hiring. (the politicians will take care of this fiscal cliff, they just live on drama)

superspud 12-27-2012 20:49

Both myself and my father are 2/3rds of the way out... Waiting for our government to get their heads out of their ass before reinvesting. Today was a perfect example of how the market is reacting to the fiscal cliff. Down 150 all day, then they announce congress will be meeting again to hopefully reach an agreement and it snaps back to zero in the last half hour.

devildog2067 12-27-2012 21:16

Meh. I'm in index funds and I don't worry about it. Life is too short to try and time the market unless it's what you do for a living.

2bgop 12-27-2012 21:24

Quote:

Originally Posted by devildog2067 (Post 19787929)
Meh. I'm in index funds and I don't worry about it. Life is too short to try and time the market unless it's what you do for a living.

I pick stocks for fun and let professionals do the rest for me. I lack the time and talent to do it for real.

cgwahl 12-27-2012 21:33

I'm more or less like Devil. I just do index funds and have an asset allocation I like and rebalance it a few times a year.

I'm sure I've lost money not selling at the highs and rebuying at the lows, but I figure I have also saved some not selling at the lows and buying at the highs as well. Except for seeing where the DOW or S&P is now and then for giggles, I have neither the time nor inclination to follow this stuff all the time.

Jake514 12-27-2012 21:36

I think the politician plump up the conditions for 3 years so the market is poised to do as best it can on election year. We are past that now and I anticipate the market to fall in 2013, although the exact timing would be a guess.

Bernake does not want it but I expect housing to go down if rates do rise. Most people buy houses on a "how much is it a month" mentality so if rates go up 1 or 1.5% their payments go up and they cannot afford as much house, and house prices end up declining.


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