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

  1. wimpy77
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    wimpy77 Member

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    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
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    JBeukema BANNED

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    Take it all out, buy gold, and mail the gold to me for safekeeping ;)
     
  3. PoliticalChic
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    PoliticalChic Diamond Member

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    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.
     
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  4. wimpy77
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    wimpy77 Member

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    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
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    Paulie Platinum Member

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    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
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    auditor0007 Gold Member

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    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
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    Immanuel Gold Member

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    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
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    Toro Diamond Member

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    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
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    Big Black Dog Gold Member Supporting Member

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    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
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    wimpy77 Member

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    i shifted some things around and put some in commodities. im glad i got of the financials after what happened today.
     

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