The Market is Crashing - What's Your Plan?

[P1]

Originally Posted by Flying Ace

I'm hesitant to go all cash though. Everyone's investment horizon is different. Mine is 25 more years, I'll be more nervous for the cycle after this current one bc that'll line up with my retirement.

Since my horizon is so long and since I'm not good at market timing, I'd rather ride it out. It's all paper losses and gains anyways until you're actually ready to cash out.

Well said. Although 2008 and 2009 wasn't pretty, we're all still here, right?

[DETRoadster]

Originally Posted by fbsm

If US corp tax rate cuts go through then I wouldnt expect any correction for the remainder of this presidents term

Now where the heck have you been? Haven't seen you around here for ages!

[TRZ06]

The stock market is so yesterday.

Crypto currency is where it's at.

Bitcoin has gone up 1500% in 2017 alone.

I started investing in Bitcoin 2 mths ago and I'm up 30% already.

[BayMoWe335]

Originally Posted by fbsm

If US corp tax rate cuts go through then I wouldnt expect any correction for the remainder of this presidents term

No one knows.

[ipilcher]

Originally Posted by DETRoadster

Can you explain further? What's a "NAV" hit?

I'm referring to the inverse relationship between interest rates and the market value of bonds.

As you likely know, an increase in interest rates reduces the market value of any individual bonds that one might own or the bonds in a bond fund. The difference is that it's a non-issue if one intends to hold individual bonds to maturity, but with a bond fund there's no such thing as "holding to maturity," so the decrease in the fund's NAV has to be recognized.

[turboawd]

any sane person can see stocks are in a bubble, but maybe there will never be a correction? since the last financial crisis, the federal reserve has basically been buying into the market through the major banks and whatnot, and since the fed has an unlimited money supply, perhaps the market will never tank. its a rigged system now.

[stylinexpat]

With new tax regulations possibly clearing next week we could see more gains this month if Corporate taxes get dropped to 21% which will be good for Corporations and America is all about Corporations.

[DETRoadster]

Well fellas, here we go. Everyone have their plan in place?

I pulled $200,000 out of the market last Monday. It's sitting in cash right now. LOL. Talk about timing. Before you go thinking I'm the next Warren Buffet, I'll just say it was 100% luck. Closed out an old 401k that was sitting in an annuity and decided to finally move it under the stewardship of my current portfolio management company. It's literally sitting on a printed check at their offices today as the market crashes and burns. Time to get that money back into the market!

[matty088]

I have worked at very large hedge funds for two decades and I can tell you with certainty that Nobody knows what the stock market will do i the short term

[uniqueMR]

Originally Posted by matty088

.... I can tell you with certainty that Nobody knows what the stock market will do i the short term

I agree

[DETRoadster]

Originally Posted by matty088

I have worked at very large hedge funds for two decades and I can tell you with certainty that Nobody knows what the stock market will do i the short term

Matty, do you think the introduction of automated computer-assisted, high speed trading has compounded that problem? I wonder if 20, 30, years ago people actually had a better idea of where the market was going. Seems like now a days, we have these computers making billions of trades a day at lightning speed, running algorithms that no one really understands. You've seen the changes over 20 years. Whats your take?

[Kolyan2k]

Anyone noticed SVXY down from 100+ to 10-15 bucks now...with talks of liquidation. Whats the plan?

[Ali Shiralian]

Took a big hit today although I'd already pulled out of the bitcoin and marijuana stocks three weeks ago. I'm still on the fence about the rest but as a long term investor, I'll be riding the wave and will keep an eye out tomorrow for any bargains.

Cheers...

[PoorLurker]

I hope a bit of a chin check for the economy happens in 3-4 years. It's too early right now. I want some of the 2016+ MY cars to be a little older when the economy is punched. Should make for some nice used car prices!

[c1pher]

Originally Posted by ASAP

well i am saving maximum cash so that when a dump happens... i will buy everything

Yep, buy more cheap. I’m just biding my time.

[c1pher]

Originally Posted by matty088

I have worked at very large hedge funds for two decades and I can tell you with certainty that Nobody knows what the stock market will do i the short term

The stock market is almost not based on actual investing anymore and more on rumor and emotion. All it takes is a couple people saying the bull has run too long and others start to sell off. That and the computers following stupid patterns whic obviously are stupid because they seem to cascade.

[qba335i]

Originally Posted by Kolyan2k

Anyone noticed SVXY down from 100+ to 10-15 bucks now...with talks of liquidation. Whats the plan?

I will surprised if they don't liquidate. Nomura is liquidating their inverse VIX product so others should/will follow suit.

Short VIX was not the smartest long term trade - eventually everything reverts to the mean.

[BayMoWe335]

Futures currently imply a 1200 point drop in the Dow tomorrow.

[Gr-Racing]

Almost Time to buy low

[DETRoadster]

Originally Posted by Gr-Racing

Almost Time to buy low

Not quite yet, IMO.

I have no formal financial education or training and nothing to base my next statement on other than gut feeling, but I've been saying for a few months now that it "feels" like the Dow needs to stabilize back down to about 22k and S&P down to about 2400. Things got too hot too fast.

[M_Six]

Easy come, easy go. Wifey and I have been more than a bit shocked at how much our retirement accounts made in January. It was ridiculous and you knew if couldn't last. Sure enough, I'm now down for a loss so far in 2018 where I was up insanely just a week ago. But I've been waiting and dreading this, so it's no big surprise. I just hope it bottoms out soon before it starts eating into the gains from last year.

[Kolyan2k]

inverse VIX ETFs are halted this morning