question

Discussion in 'Stock Market' started by wimpy77, Jun 16, 2009.

  1. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    how much money should i take out of the market. i think the correction is finally here and should i put it in cash?
     
  2. JBeukema
    Offline

    JBeukema BANNED

    Joined:
    Apr 23, 2009
    Messages:
    25,613
    Thanks Received:
    1,703
    Trophy Points:
    0
    Location:
    everywhere and nowhere
    Ratings:
    +1,705
    Take it all out, buy gold, and mail the gold to me for safekeeping ;)
     
  3. PoliticalChic
    Offline

    PoliticalChic Diamond Member

    Joined:
    Oct 6, 2008
    Messages:
    55,766
    Thanks Received:
    15,641
    Trophy Points:
    2,190
    Location:
    Brooklyn, NY
    Ratings:
    +24,936
    Here's a suggestion, from a chart analysis guy, Steve Frenkel, @ Marketpatternwatch.com

    Interviewed today, 6/16, he says that DOW will hit 9000/9100, Nasdaq 1915-1920, and then the bottom drops out.

    Both stocks and commodities.

    Remain out at least until October.

    Who knows.
     
    • Thank You! Thank You! x 1
  4. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    im kinda thinking that this is the correction that most people were looking for but i could be wrong. wouldn't be the first time :)
     
    Last edited: Jun 16, 2009
  5. Paulie
    Offline

    Paulie Platinum Member

    Joined:
    May 19, 2007
    Messages:
    31,538
    Thanks Received:
    4,851
    Trophy Points:
    1,130
    Ratings:
    +15,381
    Two pieces of advice...

    1. Don't make your decision based solely on ONE analyst's chart analysis

    2. Don't make your decision based solely on someone's opinion on a message board.

    That being said though, here's my opinion. The market is due for a correction, because to me it seems like some of these companies are too overvalued for this economic environment. Look at the balance sheets of the companies you're invested in. If they're healthy, then take SOME off the table, but don't liquidate your entire positions, in fact, buy back in on dips. If you have money tied up in companies with too much liability (debt), then it's probably better to move it.

    If you have money in any commodities, and you REALLY think a correction is coming, then liquidate some and wait for the dip. I'm bullish on commodities myself, becuase if we do have some kind of economic turnaround, you know commodities are going to inflate. Not only that, commodities are necessities for life. You can almost never go wrong as long as you don't blow the timing.
     
  6. auditor0007
    Offline

    auditor0007 Gold Member

    Joined:
    Oct 19, 2008
    Messages:
    12,566
    Thanks Received:
    2,255
    Trophy Points:
    255
    Location:
    Toledo, OH
    Ratings:
    +3,218
    Most everyone believes there is going to be a correction. Some believe it will be much bigger than others. Personally, I believe we haven't hit the low of lows yet. I think the correction is going to be rather significant, but that's just me. The point is that a correction almost certainly is coming. Do you wait for the market to go up a couple hundred more points or not? If you believe the correction is inevitable, then trying to time it just right really doesn't make good sense.
     
  7. Immanuel
    Offline

    Immanuel Gold Member

    Joined:
    May 15, 2007
    Messages:
    16,823
    Thanks Received:
    2,210
    Trophy Points:
    183
    Ratings:
    +2,224
    Here is another suggestion, if you are reacting to something that has happened on the market recently (due to the death of my father, I have not been paying much attention the past couple of weeks) then it is already too late to react. Don't pull out just because the market fell the past couple of days. If you didn't pull out before it started to drop, then wait for it to rebound. It will.

    Immie
     
  8. Toro
    Offline

    Toro Diamond Member

    Joined:
    Sep 29, 2005
    Messages:
    50,755
    Thanks Received:
    11,052
    Trophy Points:
    2,030
    Location:
    The Big Bend via Riderville
    Ratings:
    +25,081
    You should not be asking how much YOU should be taking out of the market. That is and always should be your decision, not a decision based on the opinion of others.

    Yesterday, I hedged out all my longs by putting on short positions. But I could be wrong and will cover all my shorts tomorrow if I think I am.
     
  9. Big Black Dog
    Offline

    Big Black Dog Gold Member Supporting Member

    Joined:
    May 20, 2009
    Messages:
    22,912
    Thanks Received:
    5,108
    Trophy Points:
    260
    Ratings:
    +5,716
    I got out of the market altogether and put my money into CD's. It pays crap BUT it won't loose money. I was tired of getting beat up.
     
  10. wimpy77
    Offline

    wimpy77 Member

    Joined:
    Jan 21, 2009
    Messages:
    591
    Thanks Received:
    10
    Trophy Points:
    16
    Ratings:
    +10
    i shifted some things around and put some in commodities. im glad i got of the financials after what happened today.
     

Share This Page