The Stock Market
Dec 27, 2018 11:48:28 #
Yesterday the DJI increased by over a thousand dollars. I said to myself at the time, "Self, it will probably drop about that much tomorrow". Checking this morning I see it is down a third of yesterday's gain and it has been open for only a few hours. It will be interesting to see what the DJI (and my Caterpillar stock) will end at today.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Dec 27, 2018 11:54:55 #
ricardo7
Loc: Washington, DC - Santiago, Chile
That's the way the market goes. I've been through a number of
market corrections and they can be disconcerting. Hang tight.
market corrections and they can be disconcerting. Hang tight.
Dec 27, 2018 11:54:59 #
Amazon had a huge increase the day after Christmas. Wish I had bought some on the 21st and then sold it on the 26th.
Dec 27, 2018 11:58:23 #
EdJ0307 wrote:
Your Caterpillar stock is like the stock market. Plowing new lows.Yesterday the DJI increased by over a thousand dollars. I said to myself at the time, "Self, it will probably drop about that much tomorrow". Checking this morning I see it is down a third of yesterday's gain and it has been open for only a few hours. It will be interesting to see what the DJI (and my Caterpillar stock) will end at today.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Dec 27, 2018 12:46:33 #
The US stock market seems to have been on low for a few days. Mainly IT depressing it apparently. Come Brexit in the UK expect another hit. (That is if the Politicians actually get around to it).
If you live long enough it will bounce back. So they keep promising..I don't have enough money for A share,never mind multiple shares.
If you live long enough it will bounce back. So they keep promising..I don't have enough money for A share,never mind multiple shares.
Dec 27, 2018 14:23:28 #
PixelStan77 wrote:
At least at about $121/share it is still above the $69/share I paid for it back in 2010 but not nearly as good as the $157/share it was back in Sept., 2018. I probably should have dumped it then. Maybe Caterpillar will go the way of Studebaker, Packard and others.Your Caterpillar stock is like the stock market. Plowing new lows.
If I want to sell I shouldn't wait too long. I had some Ford stock that I purchased in April, 2009 for $4.28/share. I sold it in Sept., 2017 for $11.40 per but it had reached a high during the time I had it of over $17 per back in Oct., 2013. Should have sold it then. Currently it is at a little under $8 per share. Ouch!!
Dec 27, 2018 15:53:50 #
EdJ0307 wrote:
At least at about $121/share it is still above the... (show quote)
Don’t beat yourself up - there’s no way to consistently “time” the market that I’ve ever seen. Stock is truly a LONG term investment, and there can be years (or decades!) when no money is made. I don’t have the stomach for it any more, and I sleep better (no nightmares) at night. Sold out my 401K when I retired and bought real estate - not very liquid, but I can actually feel/touch it, they’re not making any more land, and I get those rent checks every month. Not suggesting that for everyone - everyone has their own personal goals, priorities and strategies - it’s all good as long as it works. I think we’re going to see continued volatility for awhile. After the last two years, I think everyone knew a correction was coming. I was reminded of Greenspan’s comment about irrational exuberance (which I ignored just before the tech crash and cost me very dearly) when the Dow passed 26,000.
Dec 27, 2018 16:14:57 #
Dec 27, 2018 17:00:09 #
Dec 28, 2018 06:42:42 #
As long as you don't sell anything you have lost nothing. Hang in and the market will recover as it has ALWAYS done throughout it's history. This advice is not rocket science, just hang in there.
Dec 28, 2018 07:21:54 #
jeep_daddy wrote:
Amazon had a huge increase the day after Christmas. Wish I had bought some on the 21st and then sold it on the 26th.
Short time Capital Gains would have killed you.
Dec 28, 2018 07:24:56 #
Dec 28, 2018 07:26:40 #
Gasman57 wrote:
As long as you don't sell anything you have lost nothing. Hang in and the market will recover as it has ALWAYS done throughout it's history. This advice is not rocket science, just hang in there.
That's true. There are times what you lose in a month or less may take years to recover. You always have to pay attention. You may want to reevaluate your position and reposition some assets to bonds during periods of; What The F*#!. That's a technical term.
Dec 28, 2018 07:36:37 #
EdJ0307 wrote:
Yesterday the DJI increased by over a thousand dollars. I said to myself at the time, "Self, it will probably drop about that much tomorrow". Checking this morning I see it is down a third of yesterday's gain and it has been open for only a few hours. It will be interesting to see what the DJI (and my Caterpillar stock) will end at today.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
From observation the market has absolutely no relation to reality.
Business is good and profitable, unemployment is the lowest ever etc.
So there is no way to know as it, the market, is not based on reality anymore. It goes down and then it is bought and goes up and only the sucker who waited too long loses as the stocks are sold to take the profit and it goes down again, the inside buyers buy again to raise it only to repeat the cycle again with absolutely no relationship to the real world. Been like this for a couple of decades now.
Dec 28, 2018 07:47:21 #
EdJ0307 wrote:
Yesterday the DJI increased by over a thousand dollars. I said to myself at the time, "Self, it will probably drop about that much tomorrow". Checking this morning I see it is down a third of yesterday's gain and it has been open for only a few hours. It will be interesting to see what the DJI (and my Caterpillar stock) will end at today.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Update: when I checked a few minutes ago it was down $303. I just checked it again and now it's down $368.
Those are not dollars, they are points. The relationship of points to dollars varies by market, but I think the Dow is 30 points to a dollar.
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