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Old October 8th, 2008, 07:04 AM   #1
clarkstoncracker
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Default 100% out of the market at 9:31am.

For the first time since I was 17, I will be stock free at 9:31am today when all my market orders are processed.

Anybody else doing the same thing?

Kind of tough for me to stay with corporate america when I look at these two charts..

http://www.kitco.com/scripts/hist_ch...rly_graphs.plx

http://bigcharts.marketwatch.com/qui...freq=2&time=13
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Old October 8th, 2008, 07:05 AM   #2
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Yeah, in high out low
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Old October 8th, 2008, 07:30 AM   #3
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selling short
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Old October 8th, 2008, 07:40 AM   #4
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100% In government bonds at the moment. Also completely out of stocks.
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Old October 8th, 2008, 08:23 AM   #5
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Nope. Still investing heavy and switching over to some deals to be had. I don't plan on needing the money for at least 20 years; it has plenty of time to recover.

Also, I did a 401K loan right before this latest crash (purely on luck) and have most of that $$$ earning 5% while I ride out these losses. It'll go back in when the market starts to rebound (and it will).
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Old October 8th, 2008, 08:27 AM   #6
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100% In government bonds at the moment. Also completely out of stocks.


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Old October 8th, 2008, 08:30 AM   #7
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I don't plan on needing the money for at least 20 years; it has plenty of time to recover.
Me either, and I'm looking at a longer time frame. But if I can stop the bleed and put into something that stays flat or slightly up (gold and platinum) I will have a better base to jump back into the market when I feel its the right time.

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Old October 8th, 2008, 08:34 AM   #8
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LOL.

You know what is embarassing?

The economy will not start to recover until Obama is elected (and McCain is doing his best to ensure that lately) and all the sheeple feel safe to go out and spend again.
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Old October 8th, 2008, 08:35 AM   #9
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Hey, did you know the Kia Spectra starts at only $13,850?

The Optima starts at $17,430.

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Old October 8th, 2008, 08:37 AM   #10
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Hey, did you know the Kia Spectra starts at only $13,850?

The Optima starts at $17,430.

Gotta make up for market losses.

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Old October 8th, 2008, 08:53 AM   #11
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Me either, and I'm looking at a longer time frame. But if I can stop the bleed and put into something that stays flat or slightly up (gold and platinum) I will have a better base to jump back into the market when I feel its the right time.

The only problem with this way of thinking is that you just sold short and now you are buying gold at a record high. Gold's history has not been a good rate of return. The way to have made money in the Gold would have been to for see these higher gold prices a year or better yet two years ago.
Good Luck
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Old October 8th, 2008, 09:01 AM   #12
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The only problem with this way of thinking is that you just sold short and now you are buying gold at a record high. Gold's history has not been a good rate of return. The way to have made money in the Gold would have been to for see these higher gold prices a year or better yet two years ago.
Good Luck
but cc is foreseeing higher gold prices a year or two out. Two years from now you will be saying that the way to have made money on gold was to have bought it today.
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Old October 8th, 2008, 09:09 AM   #13
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I can't afford to pull the money out of stocks now. It will recover by the time I need it.

I did change all my contributions though. Large majority into a stable interest fund, small amounts into select stocks that I think will recover larger than the common stocks.
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Old October 8th, 2008, 09:11 AM   #14
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My 401K did not drop much, surprisingly.
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Old October 8th, 2008, 09:13 AM   #15
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My 401K did not drop much, surprisingly.
pretty damn lucky then as the average one has lost 28.5% this year.
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Old October 8th, 2008, 09:14 AM   #16
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its not a loss until you sell it.
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Old October 8th, 2008, 09:15 AM   #17
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I can't afford to pull the money out of stocks now.
You sound like the guy putting his last twenty dollar bill on red after he just cashed his paycheck at the casino.
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Old October 8th, 2008, 09:16 AM   #18
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its not a loss until you sell it.
Tell that to my global crossing, pets.com, and k-mart stocks.
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Old October 8th, 2008, 09:19 AM   #19
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Quote:
Originally Posted by All5ofus View Post
The only problem with this way of thinking is that you just sold short and now you are buying gold at a record high. Gold's history has not been a good rate of return. The way to have made money in the Gold would have been to for see these higher gold prices a year or better yet two years ago.
Good Luck
Actually I've been selling short for a while and doing good, in fact I'm up for the year. None the less, stress has taken its toll and I don't want to think anymore.

And gold's histroy has not been a good rate of return? huh?

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Old October 8th, 2008, 09:20 AM   #20
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its not a loss until you sell it.
agreed, assuming no bankrupcy

Quote:
Originally Posted by clarkstoncracker View Post
You sound like the guy putting his last twenty dollar bill on red after he just cashed his paycheck at the casino.
I just don't see the point in taking a loss now since I dont need the money for a long time. I would basically see a 22% loss if I sold out now. I could sell out, reinvest that money other places, but I think common stocks will recover that 22% faster than reinvesting it into something like gold, etc.
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