This is the time to be buying.Who cares if it goes down another 10% just buy some more. Just make sure you diversify a little and a few years from now you will be good. If you aren't retiring and don't need money immediately why do you have to worry about it.
Yeah, I've lost about 8% on my Fidelity 401k this year. I started moving my funds to mostly treasury bonds early this year and then moved everything there last week. Otherwise I would be down around 15%. I'm convinced we are going into a full blown bear market.
About 15K in Stocks and god knows how much in 401K My problem is I am not very educated in the investing market or stocks/bonds etc so I am not sure what to do at this stage.
I somehow managed to avoid my 401k getting hit much, but yeah... Definitely a good idea to invest, the market always returns, it might be awhile but y/y it's always a win. You guys find any interesting stocks (outside the regulars)?
I think crude can push up to 36-37 clearing out some of the weak shorts in the market. I have CAD futures long.
Sweet I was just slightly early. I ended up adding more to that position when it went against me either the next day or two days after, before finally taking profit on Friday. The quote above is from 2.9.16 and I got out on 2.19.16. And to this one: I added more to my longs this morning.
Looking to use another broker besides CapitolOne, maybe OptionsHouse.. anybody have any experience with them?
I myself have been looking for this rally to happen and for it to fail mid March to mid April followed by a big sell off. I'm cautionary here. Only short term plays for me in this area.
I'm eyeing 2020-2025 SPX as a possible reversal area in the coming days. Being so close to there though now and with the jobs report tomorrow before the market open I went ahead and took profit on my long positions today and am flat. Would love to not see 2020-2025 SPX until mid next week for a good short setup.
Almost there. Offshore drillers have exploded last few days (see NE and SDRL). I imagine it's being driven be short covering. I wouldn't chase here though.
Markets generally don't go from a downtrend straight into an uptrend. They need to base sideways first. We haven't had the basing yet. It very well could have started, but we are definitely not in an uptrend yet.