GlockTalk.com
Home Forums Classifieds Blogs Today's Posts Search Social Groups



  
SIGN-UP
Notices

Glock Talk
Welcome To The Glock Talk Forums.
Reply
 
Thread Tools Display Modes
Old 12-27-2012, 20:05   #1
wrenrj1
Senior Member
 
wrenrj1's Avatar
 
Join Date: May 2002
Location: Huskerville
Posts: 10,166
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?
__________________
We are told by our government NOT to judge Muslims by the actions of a few crazies. We are also told by this same government TO judge ALL gun owners by the actions of a few crazies.
wrenrj1 is offline   Reply With Quote
Old 12-27-2012, 20:17   #2
unit1069
Senior Member
 
unit1069's Avatar
 
Join Date: Oct 2007
Location: So. Central US
Posts: 8,449
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.
__________________
Rocket Scientist
unit1069 is offline   Reply With Quote
Old 12-27-2012, 20:35   #3
M2 Carbine
Senior Member
 
M2 Carbine's Avatar
 
Join Date: Dec 2002
Location: Texas
Posts: 28,672
The only large money I've ever lost was when the "experts" were managing my money in the stock market.

Never again.
M2 Carbine is offline   Reply With Quote
Old 12-27-2012, 20:37   #4
jpa
CLM Number 268
Charter Lifetime Member
 
Join Date: May 2001
Location: Las Vegas NV
Posts: 10,130
Send a message via AIM to jpa Send a message via Yahoo to jpa
If we go off the cliff, I'm buying up a whole bunch of mutual fund shares.
__________________
Big Dawg #1408, TT #1408
Moto Club #1408, GSSF Member, NRA RSO
NRA Benefactor Member
jpa is offline   Reply With Quote
Old 12-27-2012, 20:44   #5
Louisville Glocker
Urban Redneck
 
Louisville Glocker's Avatar
 
Join Date: Dec 2010
Location: Louisville, KY
Posts: 2,125
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)
__________________
Louisville Glocker
Louisville Kentucky
G19 G26 G30 Sig 2340 357 Beretta U22 (kid's) Two Saiga 12 Two Draco 7.62x39 "pistols" Colt 6920 Saiga SGL21-94, M92 Krinkov "pistol," PSA Patrol Carbine Saiga 223 CCDW KY
Louisville Glocker is offline   Reply With Quote
Old 12-27-2012, 20:49   #6
superspud
Ninja
 
Join Date: Jul 2006
Location: The Lone Star State
Posts: 413
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.
__________________
open your mind and shut your mouth...
superspud is offline   Reply With Quote
Old 12-27-2012, 21:16   #7
devildog2067
Senior Member
 
devildog2067's Avatar
 
Join Date: Apr 2005
Location: Near Chicago, IL
Posts: 15,781
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.
devildog2067 is offline   Reply With Quote
Old 12-27-2012, 21:24   #8
2bgop
Senior Member
 
2bgop's Avatar
 
Join Date: Dec 2006
Location: In the SEC
Posts: 5,681
Quote:
Originally Posted by devildog2067 View Post
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.
2bgop is online now   Reply With Quote
Old 12-27-2012, 21:36   #9
Jake514
Senior Member
 
Join Date: Feb 2007
Location: Texas
Posts: 1,098
Send a message via Yahoo to Jake514
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.

Last edited by Jake514; 12-27-2012 at 21:37..
Jake514 is offline   Reply With Quote
Old 12-27-2012, 21:33   #10
cgwahl
Sheriffs a near
 
cgwahl's Avatar
 
Join Date: Feb 2002
Location: CA
Posts: 11,103
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.
__________________
The irony of the information age is that we can't necessarily trust all the information.


Pawsitively Stylish Mobile Pet Salon (Southern California)

Last edited by cgwahl; 12-27-2012 at 21:34..
cgwahl is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump




All times are GMT -6. The time now is 21:20.



Homepage
FAQ
Forums
Calendar
Advertise
Gallery
GT Wiki
GT Blogs
Social Groups
Classifieds


Users Currently Online: 1,472
430 Members
1,042 Guests

Most users ever online: 2,244
Nov 11, 2013 at 11:42