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Well, I've definitely gotten hammered the last few days

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Sammy Pepys Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 02:59 PM
Original message
Well, I've definitely gotten hammered the last few days
I'll probably be up somewhere around 7-9% overall YTD after today, as opposed to the 14% gain I had going YTD a week or so ago.

But I've got time. In fact, in light of the downturn I upped my monthly IRA contribution. Time to focus on dollar cost averaging.
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TomInTib Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 03:05 PM
Response to Original message
1. You have plenty of company.
Ugh...

I am headed down the hill to but a bottle of Chinaco Anejo to wash away my troubles (at least temporarily).
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earthside Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 03:28 PM
Response to Original message
2. There's More Coming
I don't think this sell-off is over ... In fact, this could be the beginning of The Big One.

We'll see.

But I've been predicting this and investing defensively for the past four years.

See: www.Earthside.com
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danalytical Donating Member (603 posts) Send PM | Profile | Ignore Wed May-17-06 03:33 PM
Response to Reply #2
3. Wait till June 29th
When the Feds meet. If they raise another 25% stocks are gonna really tumble. I have a feeling they will let it sit until the next meeting though. I guess we'll just have to wait and see.
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Sammy Pepys Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 03:56 PM
Response to Reply #2
5. Well, I've made it through one....
...I can make it through another. The money I've got in the market is primarily retirement money, and retirement is a ways away. I'll just look at it as another Spring Sale-a-thon :D
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-18-06 05:57 AM
Response to Reply #2
8. I don't think so, not yet
because there are plenty of people out there with lavish tax cuts plus plenty of pension plans looking for bargains. Real estate is no longer generating the kind of returns that stocks and some bonds are generating. All that money's got to go someplace besides in the mattress. My guess is that it will go into the market.

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bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-18-06 07:06 AM
Response to Reply #8
9. Yep, the game is not over yet (I think).
The entire fiat currency system is underpinned by the fact that it's the only game in town. As long as it works better than barter or putting gold in your mattress, the game can go on. Not that gold in your mattress looks shabby these days.
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MatrixEscape Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 03:50 PM
Response to Original message
4. You think you are getting hammered ....
My personal net worth of 0% - adjusted price increases is down 100% from a DVZ (divide by zero) I have been taking on my life-to-date, total losses.

I have no time. In fact, in a greasy, thick downturn I have downgraded my Personal Intake Portfolio to even cheaper beer brands, unheard of cigarette brands, and more cost-effective, "house brand" consumables. This has taken my net-loss out of the spiraling black hole and kept it orbiting around the smelly rim while prices head for Uranus.

Fortunately, my investments in WifeCo and Kids.com left me dumped out of the Family Investments Market to invest con solo with less overhead.

I am considering downsizing my investment in my humble McCamper and moving it into free-roaming, Wandering Homeless Yields, which are mostly cardboard and garbage stocks.

I hear many are now looking into Library Internet Access as a cost-cutting means to surf while taking in WHY dividends.
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sendero Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 06:42 PM
Response to Reply #4
6. I don't know..
.... whether to laugh at you or cry for you :)
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Greyhound Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-22-06 09:44 PM
Response to Reply #4
11. I know what you're asking yourself,
why didn't I take the blue pill?!?

I hear ya, my worth is sub-zero since the geniuses voted one of their own in because he didn't make them feel as stupid as they are. :grr:

But thanks for the laugh! :rofl:
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Jack_Dawson Donating Member (1000+ posts) Send PM | Profile | Ignore Wed May-17-06 06:49 PM
Response to Original message
7. NIKKEI Futures down already
or so I read. Asian markets were up today before our crap CPI report.
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On the Road Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-22-06 06:22 PM
Response to Original message
10. I Was All Cash
and the most conservative options in my company IRA. So that's good.

But I wanted to be short. Almost put everything into USPIX last week (which I've done frequently), but foolishly decided to wait. Costly decision. Have a trigger to buy QQQQ in the morning if it's up. Will sell when it approaches the 50-day average and go short for real this time.
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Warpy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-23-06 08:55 AM
Response to Original message
12. I tuned in for the weather this AM
and got sucked into listening to some gloomy gus on NBC saying that all the elements that existed in 1987 before that crash are in place now.

Well, duh, everything but the computer generated garbage that caused that cascade into a one day crash.

I've noticed the big selloff losing steam. That means the profits have been taken by big money (who triggered the selloff) and it's time to reinvest.

However, what remain in place are all the ingredients for a depression. Having a good stock market won't mean much as the consumer market dries up and blows away due to offshoring, depressed wages, and inflation.
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LSK Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-23-06 12:48 PM
Response to Original message
13. you are only hammered if you sell low
Just wait it out. As long as your holdings are solid, no sense to panick.

Look today, they are starting the rise again.

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