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My bet-- it'll be there tomorrow. Recent winners and losers will both suffer as nervous investors bank some profits and cut some losses. I'm just trying to figure out if we'll quickly retest the lows and bounce back for the traditional holiday rally or if we're going to get coal in our stockings this year. I've been sitting on cash and looking for a good entry point to put some money back to work. What does everything else think about a year-end rally? (Of course, when it comes to next year, all bets are off...)
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gold nugget
Quote:
Originally Posted by goodbyehollywood
My bet-- it'll be there tomorrow. Recent winners and losers will both suffer as nervous investors bank some profits and cut some losses. I'm just trying to figure out if we'll quickly retest the lows and bounce back for the traditional holiday rally or if we're going to get coal in our stockings this year. I've been sitting on cash and looking for a good entry point to put some money back to work. What does everything else think about a year-end rally? (Of course, when it comes to next year, all bets are off...)
I think we'll get a gold plated piece of gold for X-mas. I will look like a gold nugget on the outside but will be coal in the inside. Yes there probably be a rally for the end of the year and then by February the wheels will come off.
Stocks go down and they go up... big whoop. It doesn't matter to me until it drops 2-3k points, then we have a problem. If it only drop 1-1.5k, I still don't think it matters.
I think we'll get a gold plated piece of gold for X-mas. I will look like a gold nugget on the outside but will be coal in the inside. Yes there probably be a rally for the end of the year and then by February the wheels will come off.
That's what I'm thinking, too. I thought we might roll right into it, but looks like we'll get one more buying opportunity. I don't look for much good news after the "January effect," but I'm hoping...
Stocks go down and they go up... big whoop. It doesn't matter to me until it drops 2-3k points, then we have a problem. If it only drop 1-1.5k, I still don't think it matters.
It only matters if you want to make money, not lose it. I know which side I want to be on.
I have never bought into that "on paper" philosophy, though it sounds good on paper.
The value of something is worth what it will bring at that point in time-- no guarantees it will go back up and it may go down more. Once something declines in value, you have a loss-- you just haven't realized it yet. I'm in that boat myself on a few stocks.
I have never bought into that "on paper" philosophy, though it sounds good on paper.
The value of something is worth what it will bring at that point in time-- no guarantees it will go back up and it may go down more. Once something declines in value, you have a loss-- you just haven't realized it yet. I'm in that boat myself on a few stocks.
You are right. Depending on the kind of companies and the price at which the stocks were bought, some will go back up eventually, but the majority won't. There is another loss known as opportunity cost. Take YHOO for example. You said bought it at the high two years ago. Looking at historical prices, I figure the price at which you bought should be around $42. Even if you can sell at a break-even point now, you still lose to inflation and lost opportunity. Instead of being tied up for two years, that money could have been used to invest in better stocks. That money taken of out YHOO at the first loss and put in RIMM two years ago would have resulted in a six-fold gain ($20-$120).
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later
