I’m Still Going Long and Hoping the Markets Go Down
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I’m Still Going Long and Hoping the Markets Go Down
1–10 of 69 posts
Re: I’m Still Going Long and Hoping the Markets Go Down
#2I hate being such a sook about the markets. I want to sell now and buy when it's lower, but I'm worried we're at bottom.
That said, I thought we'd hit bottom yesterday. And the day before that. And the day before that.
Re: I’m Still Going Long and Hoping the Markets Go Down
#3I hate being such a sook about the markets. I want to sell now and buy when it's lower, but I'm worried we're at bottom. That said, I thought we'd hit bottom yesterday. And the day before that. And the day before that.
If you didn't have a risk management plan in place, for shame.
Anyways, here's some stuff that will take the fear out of you.
http://bigpicture.typepad.com/comments/2008/10/10-bullish-si...
Re: I’m Still Going Long and Hoping the Markets Go Down
#4It's a great time to buy.
I haven't been in the market for a couple years, but I'm salivating over this downturn. Sorry for all those losing money, but in my opinion this is a buying opportunity like there never was before.
Re: I’m Still Going Long and Hoping the Markets Go Down
#5http://economix.blogs.nytimes.com/2008/10/10/how-long-before...
> Some may also wonder how long it will take the market to “recover.” It depends exactly what is meant by “recover,” of course, but one measure might be when the market returns to its pre-crash peak. The historical data is somewhat more distressing in this context.
> After the Great Depression, it took 29 years — until 1958 — for the market to reach its pre-Depression, inflation-adjusted peak. After the 1970s recession, it took 24 years — until 1992 — for the market to make a full “recovery” by the same measure. So no matter whether you start from the recent 2007 peak, or from the market’s absolute inflation-adjusted peak during the tech bubble in 2000, we may still have at least a decade to go before full “recovery.”
Although of course some of that time will be 'going back up', so won't be so bad. it's not like 74-92 were all bleak and tough, difficult years.
Re: I’m Still Going Long and Hoping the Markets Go Down
#6It's a great time to buy. I haven't been in the market for a couple years, but I'm salivating over this downturn. Sorry for all those losing money, but in my opinion this is a buying opportunity like there never was before.
I remember seeing this graph not too long ago that showed the P/E ratio of the stock market took off in the '90s and it never came back to its historical average range. The graph predicted that the "real" value of the Dow was in the 7,000 - 8,000 range. The people passing around these graphs would have looked like cranky perma-bears a few years ago. Now they look down-right reasonable.
It's not a crash, it's a readjustment to prudent pricing.
Re: I’m Still Going Long and Hoping the Markets Go Down
#7It's a great time to buy. I haven't been in the market for a couple years, but I'm salivating over this downturn. Sorry for all those losing money, but in my opinion this is a buying opportunity like there never was before.
The markets will probably bounce in the next week or two, so there's a trading opportunity, but the historical record says you're a fool if you buy to hold now. Ignoring that stocks probably have more to fall, the behavior of falling markets is that they bottom and then stay at the bottom for a long time. Things trade sideways for a long time before any secular bull kicks off. You do not have to worry about missing the boat.
Re: I’m Still Going Long and Hoping the Markets Go Down
#8It's a great time to buy. I haven't been in the market for a couple years, but I'm salivating over this downturn. Sorry for all those losing money, but in my opinion this is a buying opportunity like there never was before.
I remember seeing this graph not too long ago that showed the P/E ratio of the stock market took off in the '90s and it never came back to its historical average range. The graph predicted that the "real" value of the Dow was in the 7,000 - 8,000 range. The people passing around these graphs would have looked like cranky perma-bears a few years ago. Now they look down-right reasonable. It's not a crash, it's a readju…
Usually during a re-adjustment the market swings too far the other way by a few points. So I'd be looking for value stocks that have a P/E ratio that's overly low. Find some stock that's getting beaten up beyond the normal recovery by panicked sellers.
Re: I’m Still Going Long and Hoping the Markets Go Down
#9http://economix.blogs.nytimes.com/2008/10/10/how-long-before... > Some may also wonder how long it will take the market to “recover.” It depends exactly what is meant by “recover,” of course, but one measure might be when the market returns to its pre-crash peak. The historical data is somewhat more distressing in this context. > After the Great Depression, it took 29 years — until 1958 — for the market to reach its…
The 'going back up' part is where all the money is made.
Re: I’m Still Going Long and Hoping the Markets Go Down
#10I hate being such a sook about the markets. I want to sell now and buy when it's lower, but I'm worried we're at bottom. That said, I thought we'd hit bottom yesterday. And the day before that. And the day before that.
If you didn't have a risk management plan in place, for shame. Anyways, here's some stuff that will take the fear out of you. http://bigpicture.typepad.com/comments/2008/10/10-bullish-si...
I have risk management in place, of course. I'm not concerned about my losses, just wish I had the balls to capitalize on the falling market.
Good link, thanks. So perhaps time to start buying soon...