Obama Defies Pessimists as Rising Economy Converges With Stocks (1 Viewer)

[BIG E]

Actually I know of at least 3 other people in my office, besides myself, who have poured every available penny into the market in the last 1.5 years. I know of no one who has completely pulled out, which is an extremely foolish thing to do after you lost all your money.

I have actually pulled about 90% of my money out of equities in the last month or so, b/c I feel the market in general is overpriced and ripe for a correction in the near future.

It's funny a lot of average people do the opposite of what they should do in the stock market. After it tanks, they bail out and after it rises they get back in. I have sold all my positions recently because I'm waiting for a pull back. I would rather miss a rise than ride it to the bottom.

 

[BoatsNBeer]

Actually I know of at least 3 other people in my office, besides myself, who have poured every available penny into the market in the last 1.5 years. I know of no one who has completely pulled out, which is an extremely foolish thing to do after you lost most of your money.

i don't understand-- if you've *lost* all your money, how would you have anything left to 'pull out', or keep in?

There, I fixed it.

 

[BoatsNBeer]

It's funny a lot of average people do the opposite of what they should do in the stock market. After it tanks, they bail out and after it rises they get back in. I have sold all my positions recently because I'm waiting for a pull back. I would rather miss a rise than ride it to the bottom.

That's what creates the over-reaction in the market. Most people pull money out when they see it going down, causing it to go down well below fair value. Smart people pour money in (timing here is key, I could have made twice as much money in the last year if my timing had been better ) when they see value. Conversely, when the market is riding high everyone starts chasing it. You may do well with this for a while, but if your timing isn't good you will get burned. I feel the majority of stocks right now are properly valued or over-valued. If I am right, the corrections will hit, you'll have over-reaction again from the masses and plenty of "value buys" once again.

 

[SaintScott]

You are spinning everything from anywhere to frame your agenda.

When are you going to allow facts to determine your reality instead of these illogical gyrations you perform to make reality fit your beliefs.

Where do you get that these numbers mean nothing? Where do you get your basis for saying the numbers will drop? What kind of drugs does it take to believe people have more money after the holidays than before - especially a last minute Christmas in a rotten economy?

Do you have any economics background or are you just spouting bull poopey to try to reconcile reality with your dislike of the evil liberales?

Are you going to just keep asking questions or are you going to say something??
Let's get something straight. I don't like the liberal policies of this president. So far there has been no ( jobs based ) recovery, although he promised that un employment wouldn't go above 8% it reached 10 and took a minor dip to the high 9% range. I really can't stand what is going on in DC over healthcare right now, and don't think Obama should be wasting his time on that when so many Americans are out of work. There is nothing in this document ( you may have heard of but I doubt you have read ) called the constitution that allows govt to force me to buy anything...so I have a real big problem with that. So if you want to make up stuff we can...kinda like Pelosi and Obama saying that most Americans want what they have to offer....but don't make me post the poll again that shows that the majority of this country in conservative.