Stock Market Sell off

paflyer said:
How much more are you willing to pay? You know, of your own free will?
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Well, now, that's a completely different subject, and not at all relevant to whether tax cuts generating increased revenue is fact or myth. I don't want to pay any more than I' m compelled to. But I also want good roads, good schools, a common defense, police, fire, social services, etc. But unless there's data to support it, saying "tax cuts generate increased revenue" just because you don't want to pay for them is intellectually dishonest, and there's no data in support, and a lot of data against. Repeating it foedn't make it true.

Look, the election's over. We all have a president and congress of one party majority. Wasn't my choice, but the people have spoken, and as Americans we accept that. I hope in four years everything is rainbows and lollipops. But that doesn't mean critical thinking is checked at the door until then.
 
Acrodustertoo said:
Good lord people are sure sensitive. Oh no we are having an election....sell...sell....sell! Oh wait, nevermind........oh no, some granny just pushed her shopping cart into a ford focus......sell.....sell.....sell.....oh wait nevermind......get me a sandwich!
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Dow closed today at 18808. I'd say that is an endorsement. Good times coming!
 
Gary said:
Save this post. We will revisit in 2-4 years to see if you are right. I'll assume you are all in equities.
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No, mostly cash since O got reelected. Gave up some gains but can sleep at night. Trump will be good for business and jobs, esp if he can kill OCare early.
 
Everskyward said:
Sell low, buy high...
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I kept everything in after 2008 crash, made my money back and more as things recovered, and decided not to be a pig. Moved a fair chunk to cash. That will change Jan 20.

 
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See, and the stock market plummet didn't happen afterall. More false doom and gloom from the media.
It will pull back soon enough, but I think DT will have a positive impact on the economy and stock market.
 
Pretty hard to predict but its been 8 years since the last major bear market and recession. Average time between recessions is 7 years. They say you can't time the market, but it doesnt stop people from trying.
 
I have never based my investing input on who was president. I did it gradually through Bush 41, Clinton, Bush 43, and Obama. I've probably ramped up gradually over the years, but that's only because I had more money to invest.
 
Neither party talks about reducing spending just how they will spend the money. Tax cuts are a good thing IF spending can be reduced without pinching essential services. More debt at this point is bad in my opinion. We have plenty for the next couple of generations of taxpayers.

Of course the big question is what essential services means. Everyone has a different answer.

The biggest problem I see is both sides have been taken over by the crazies. The moderate's that make up the majority of both parties have been silenced. I was a life long blue party member until this year. I switched just to vote in the red primary against our current president elect. Neither of the front runners in the blue primary were acceptable to me. It's been a disappointing election in a lot of ways. I hope at some point the good old USA pulls it head out of its butt.

Hopefully I'm not dipping into the old spin zone. Nothing partisan about my post. Equally disgusted with both sides.
 
I bought pharmaceutical company before the election. As I thought mainstream media was wrong!! Luckily I was right. I'm sitting much better now!
 
I think what's key is not getting greedy. I'm keeping an eye on all my investments right now and setting sell orders at the prices at which I think the particular investments will be getting overpriced. Riding the wave may be fun, but it's also dangerous. At some point the zeal will subside and things will get back to normal.

Rich
 
Tarheelpilot said:
Neither party talks about reducing spending just how they will spend the money.
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The biggest problem I see is both sides have been taken over by the crazies. The moderate's that make up the majority of both parties have been silenced.
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Amen, brother.
Tarheelpilot said:
I was a life long blue party member until this year. I switched just to vote in the red primary against our current president elect. Neither of the front runners in the blue primary were acceptable to me. It's been a disappointing election in a lot of ways. I hope at some point the good old USA pulls it head out of its butt.

Hopefully I'm not dipping into the old spin zone. Nothing partisan about my post. Equally disgusted with both sides.
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You know, it's funny you should mention that. I have been a life long red party guy, and wanted really badly to vote in the blue primary because I could actually support the candidate who eventually lost (for somewhat twisted reasons, but still). I didn't, though, because I thought it more important to vote for my guy in the red primary, even though he was completely out of the running. I was pretty sure that either vote would be nothing more than a protest vote, as would my vote in the general election. What sucks is that if I change my party affiliation to independent, or drop it altogether, I can't vote in ANY primary.

It has indeed been a singularly disappointing experience all around. We started out with so many good candidates, we live in a country with so much ability, so much promise and potential and and we ended up with... this.

As for my investments, I don't know what I'd have done differently if I'd correctly predicted the outcome of the election. Probably the wrong thing. I have realized that for the most part, my investments only make money in spite of my decisions and lose because of them.
 
Closed pending MC review. The few had to ruin it for everyone...

Edit: Reopened after deleting some posts. Lets try once more to avoid partisan bashing.
 
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I, for one, am glad the election is finally over. I got really tired of the political commercials. Now we can get back to our everyday lives of trying to survive.
 
Chip Sylverne said:
You'll get no argument from me. I wish they would have spent the infrastructure money years ago, when unemplyment was 12% and we could have borrowed it 10% cheaper. If it's good debt now, it would have been good debt then., but debt is still debt, gotta be repaid with interest. Actually better debt then, because it would have been less likely to kick off inflation. Oh, and don't forget the 7 trillion tax cut that's coming.
Bond prices move counter to interest rates, so your retirees just lost capital, unless they are holding the 30 year bond to maturity. If they live that long, add in the health care costs too.
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Government debt is a good thing, and they should always have it(unless government can be a net lender, but not many countries in the world can do this - definitely not the US). It is an useful tool to create growth, as long as it is kept in control. Ideally the debt interest should be lower than inflation, which means the money is essentially free.
 
Not arguing that point either.
But remember the debt ceiling fiasco? The fiscal cliff, the gov't shutdown? Every single member of the party about to assume power voted against raising the debt ceiling to pay current debt, never mind incurring more. Every single one.


Simply a statement of fact, not bashing, no value judgement, just fact.

This is going to be interesting, say the least.
 
In the end they realized, that not paying the debt would be against the Constitution, so not an option.
 
RJM62 said:
I think what's key is not getting greedy. I'm keeping an eye on all my investments right now and setting sell orders at the prices at which I think the particular investments will be getting overpriced. Riding the wave may be fun, but it's also dangerous. At some point the zeal will subside and things will get back to normal.

Rich
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Personally, I'm a "buy and hold " guy. Time in the market beats timing the market every time. Lots of studies show the greatest percentage gains are made over random, short periods of time. But there are white knuckle periods, that's for sure.

I only wish index funds were available when I started investing. Would have saved a fortune in fees. Now it would cost too much in capital gains to be worth the move .
 
mtuomi said:
In the end they realized, that not paying the debt would be against the Constitution, so not an option.
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Well, now we have the option to default and renegotiate . ;)
 
Chip Sylverne said:
Personally, I'm a "buy and hold " guy. Time in the market beats timing the market every time. Lots of studies show the greatest percentage gains are made over random, short periods of time. But there are white knuckle periods, that's for sure.
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Agreed. Lots of people lose who panic in a downturn and pull their money out of the market. I like to have some stocks with a 10-15 year horizon, and then some short-term "mad money" to invest when the market is down. I'm just waiting for the downturn to pump up the long-term portfolio.
 
Chip Sylverne said:
I only wish index funds were available when I started investing. Would have saved a fortune in fees. Now it would cost too much in capital gains to be worth the move .
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Don't index fund companies have equity purchasing accounts? Not sure, but maybe something to look into if you're able to move those stocks into a fund. I'd think that it wouldn't be taxed as you're just moving it and not cashing out? :dunno:
 
SoCal RV Flyer said:
It's early...
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True. Ken Fisher seems to think the bull will continue into the new year. It'd be nice, but I'm starting to wonder.

I've been adjusting my stops every day since the election. I jumped in with both feet in late 09. I figure if I get out now, I might miss some gains, but oh well. Not worth the risk to be greedy.
 
mscard88 said:
Don't index fund companies have equity purchasing accounts? Not sure, but maybe something to look into if you're able to move those stocks into a fund. I'd think that it wouldn't be taxed as you're just moving it and not cashing out? :dunno:
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When you sell a stock or fund and buy another, you are on the hook for capital gains (if you have any) on the stock/fund you sold. That's true even if you stay within the same company, unless the account is getting special tax treatment such as a 401(k).
 
Everskyward said:
When you sell a stock or fund and buy another, you are on the hook for capital gains (if you have any) on the stock/fund you sold. That's true even if you stay within the same company, unless the account is getting special tax treatment such as a 401(k).
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I believe that is true. It's not like real estate where you can do a like-exchange
 
paflyer said:
No, mostly cash since O got reelected..
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How'd that work out for you?
Oh....I see you're sleeping well.

Funny how politics can cloud our judgement.
 
paflyer said:
No, mostly cash since O got reelected. Gave up some gains but can sleep at night. Trump will be good for business and jobs, esp if he can kill OCare early.
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You made a big mistake if you really did that seeing that the market is up 50% since then.

Good job.

Any other investing advice you can give so I can make sure I do the opposite? :D:rolleyes:
 
paflyer said:
No, mostly cash since O got reelected. Gave up some gains but can sleep at night.
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How did that help you sleep?

You missed the first rule in politics and investing: the market LOVES gridlock (one party controlling the Oval Office while another controls Congress.
 
wrbix said:
Stagflation is what many expect.
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I've heard some even predicting serious deflation and negative interest rates. The financial forecasts remind me of hurricane prediction models. No one really knows for sure where it will go, but it probably won't be pleasant.
 
mtuomi said:
In the end they realized, that not paying the debt would be against the Constitution, so not an option.
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Nothing in Constitution addresses this.
Got a reference?
 
Fearless Tower said:
How did that help you sleep?

You missed the first rule in politics and investing: the market LOVES gridlock (one party controlling the Oval Office while another controls Congress.
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My original nestegg was restored, so I stopped playing in the casino.
 
Cavorter said:
You made a big mistake if you really did that seeing that the market is up 50% since then.

Good job.

Any other investing advice you can give so I can make sure I do the opposite? :D:rolleyes:
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I didn't put new money in but i'm about still around 40% in equities, but relatively safe ones.
 
Fearless Tower said:
I've heard some even predicting serious deflation and negative interest rates. The financial forecasts remind me of hurricane prediction models. No one really knows for sure where it will go, but it probably won't be pleasant.
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Time to buy another airplane.
 
Let's see. The US Treasury issues bonds. The Federal Reserve buys those bonds. The US Treasury pays interest on those bonds to the Federal Reserve. The Federal Reserve makes a profit on those bonds by collecting the interest. Those profits get transferred to the US Treasury.....
 
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