Dow Plunges 387 points today

WBunch · 08-09-2007, 06:05 PM

What are your feelings about the last few weeks of the Markets Ups and Downs? Out of the the last 14 trading sessions 10 were either triple digit gains or losses. Any views on weather this is a correction or just bad juju..

healthagent · 08-09-2007, 06:06 PM

Unless you're a day trader it's not even of interest.

WBunch · 08-09-2007, 06:13 PM

I know but there are some long term affects of some of the possible reasons for the recent drops. If Sub-Prime Lending woes continue it could have devastating affects on the markets and the economy for a while.

somarco · 08-09-2007, 06:29 PM

Personally, I think it is all tied in to Barry Bonds and a vast right wing conspiracy . . .

senior-advisor-indiana · 08-09-2007, 06:33 PM

This information is why FIA are a good alternative for Seniors.

Frank Stastny · 08-09-2007, 06:36 PM

Quote:

Originally Posted by WBunch

I know but there are some long term affects of some of the possible reasons for the recent drops. If Sub-Prime Lending woes continue it could have devastating affects on the markets and the economy for a while.

As John said:

Unless you are selling it is only a "paper loss" and doesn't mean a thing. I won't make any changes in my portfolio based on that information. It's all media hype as far as I'm concerned. I really could care less what the market does on a daily basis.

People buy insurance regardless of what the economy is doing. December has traditionally been my best month.

WBunch · 08-09-2007, 06:40 PM

Quote:

Originally Posted by Frank Stastny

As John said:

Unless you are selling it is only a "paper loss" and doesn't mean a thing. I won't make any changes in my portfolio based on that information. It's all media hype as far as I'm concerned. I really could care less what the market does on a daily basis.

People buy insurance regardless of what the economy is doing. December has traditionally been my best month.

I wasn't referring to a insurance slow down. And I'm not saying people should adjust their portfolios unless there is a longer term trend. I was just throwing out the info for conversation. As a fee based advisor I get a few phone calls around times like this from clients that need hand holding..

senior-advisor-indiana · 08-09-2007, 06:40 PM

December is always a good month for me with med supps. Everyone always thinks that the holidays mess up Dec. BUt that has been the exact opposite for me.

CHUMPS FROM OXFORD · 08-09-2007, 06:51 PM

Corrections are a natural phenomena (spellcheck was used with that word). We've had a pretty nice run the last 12 months, so this is somewhat expected.

The Fed said its going to keep its hands off, and I think that will ultimately be a positive development. If you can end the year at about 6%-8% up, you did well.

International Funds have done very well this year...Easily double digits. They're in my mix, but not heavily. I'm not sure about Roger Sweet's portfolio though.

Frank Stastny · 08-09-2007, 06:57 PM

Quote:

Originally Posted by WBunch

I wasn't referring to a insurance slow down. And I'm not saying people should adjust their portfolios unless there is a longer term trend. I was just throwing out the info for conversation. As a fee based advisor I get a few phone calls around times like this from clients that need hand holding..

I'm sorry, I didn't mean to come across like I was agrueing the point with you, just making a comment because I can.

I'm trying to catch up to Senior's number of posts. LOL LOL LOL

senior-advisor-indiana · 08-09-2007, 07:07 PM

That will never happen Frank. Unless I decide to work more. But then again I post sometimes between my appointments on my laptop. So dream on Franky.

If I have to I will start double posting like you

CHUMPS FROM OXFORD · 08-09-2007, 08:33 PM

When you hit 1000 posts, do we get something...maybe a Target gift certificate?

Frank Stastny · 08-09-2007, 09:53 PM

Quote:

Originally Posted by CHUMPS FROM OXFORD

When you hit 1000 posts, do we get something...maybe a Target gift certificate?

Shazam, WOW, Way Cool. I just bought a new pistol and I can use all the Targets I can get. You don't have any extra ammo do you?

Mr. Bill · 08-09-2007, 11:43 PM

I think part of the problem is the conversion of the NYSE into more electronic trading, taking a bunch of specialists off the floors. and sadly, with the falling dollar, it seems like it could only get worse. It really is a great argument for FIAs.

Anyone using Bagwell's latest concoction???

Macdaddy · 08-10-2007, 12:17 AM

The markets right now are very over extended, even more so than during the internet bubble. I was recently told that the markets have never gone up this much in this short time since just prior to the 1929 crash. It took the DOW 25 years to recoup to its previous level, yes I said 25 years. Would that mess with your retirement?

Paper losses are real losses if you need to access those funds and cannot because they have lost 70% of their value. talk to the folks who bought Nasdaq tech stocks at the top of the market prior to its crash. They are still under water.

Am I concerned? Yes, and I personally am moving to market neutral hedge funds.

WBunch · 08-10-2007, 12:26 AM

Quote:

Originally Posted by Macdaddy

Am I concerned? Yes, and I personally am moving to market neutral hedge funds.

Now I'm not handing out advice here, but if risk is not what you are into, then hedge funds are not your ball game...

Macdaddy · 08-10-2007, 12:35 AM

Quote:

Originally Posted by WBunch

Now I'm not handing out advice here, but if risk is not what you are into, then hedge funds are not your ball game...

Where there is no risk there is no reward. If you want no risk, use a mason jar to put your saving in and bury it in the back yard.

Been using hedge funds 6 years, and yes you must do your due diligence. If I want no risk then I am looking at getting only 4-5%, or nearly 20 years to double my money.

I ain't that patent.