Anyone been watching the market?

**banditfist** · 06-20-2008, 08:13 AM

Options expiration is today so there will be a lot of whipsaws. But, 12,000 could become resistance if we close under.

The financials are not healthy at all. There are a lot of crap sandwichs still being held as level 3 assets. The Moody's and S&P downgrades of Ambac and MBIA will have a dramatic effect on the real value of those assets. It will make it more difficult to continually mark-to-myth their value. We are still in lala land for now.

**sm808** · 06-20-2008, 08:27 AM

Double-bottom....improvement in the next 6 months I belive.

**banditfist** · 06-20-2008, 08:33 AM

Double-bottom? Waay to early to call that. We haven't yet tested the March 08 lows. We will....just haven't yet.

**sm808** · 06-20-2008, 08:35 AM

Sorry, I wasn't quite calling it, but as we approach the March lows...then perhaps. Should have been more clear.

**Reldon** · 06-20-2008, 09:42 AM

I watch the market once a week. Either way, all of my funds are in for the long term so watching the market every day would just cause more un-needed stress.

**disneysteve** · 06-20-2008, 10:03 AM

Originally posted by sweeps View Post

The Dow has quietly dropped

I don't think it has been quiet at all. You haven't been able to turn on the news or pick up a paper or magazine without hearing about the problems in the market and the economy. Good Morning America has had one story or another virtually every day for weeks.

I think for those of us who are in the accumulation phase of our investing lives, it has created a good buying opportunity. This is when those automatic investment plans and dollar cost averaging help us grab up lots more shares for our money. Hopefully, that will let us benefit from the eventual recovery by having a bigger stake in the market.

The people who I imagine are really getting hammered are the folks who are retired or close to retirement. I'm 20 years from retirement (actually 18 hopefully) so I think I've got time to ride the cycle, but I know people who are within a couple of years of retiring who aren't happy at all.

**Fmites** · 06-21-2008, 05:23 PM

People on the financial tv channels are saying there is around another 20% further down for the markets over the next few months - so I'll wait awhile before I buy anthing new

**Scanner** · 06-21-2008, 06:49 PM

The market doesn't matter anymore.

It's all about oil.

The market cow-tows to oil.

**banditfist** · 06-24-2008, 08:12 AM

If you know what you are doing, money can be made when the market is going up, down, or even sideways.

**disneysteve** · 06-24-2008, 08:32 AM

Originally posted by banditfist View Post

If you know what you are doing, money can be made when the market is going up, down, or even sideways.

Sure. Become a broker. You get your commission no matter what.

**aida2003** · 06-25-2008, 05:30 AM

Originally posted by Fmites View Post

People on the financial tv channels are saying there is around another 20% further down for the markets over the next few months - so I'll wait awhile before I buy anthing new

Yes, this is another piece of overall noise. Let's wait and see if they're right....well, not me, I keep DCA'ing

.

**noppenbd** · 06-25-2008, 05:40 AM

In markets like this, I keep remembering the part in Bernstein's "Four Pillars of Investing" where he notes that down markets are good when you are young, bad when you are old. Seems simple and fairly obvious but it is easy to forget when you see your account balances dropping. (I am fairly young in case you were wondering).

**Duchesse** · 06-25-2008, 06:51 AM

I peep once a week but that's all. I'm just maintaining my positions. I'm not buying anything.

**stressedmama** · 06-25-2008, 09:00 AM

I to hate to check on my 401K balance right now. Each time I do, I get a little depressed. I'm young, so I know it's a good thing (mentally) because I'm buying low, but it still brings me down when I see my overall total going down or staying constant.

Anyone been watching the market?