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Jan 23rd, 2013
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Re: Market gone wild! [Re: butch sanders] #12576113
01/13/18 01:44 AM
01/13/18 01:44 AM
Joined: Jan 2006
Posts: 28,927
Dallas
S
Scagnetti Online content
TFF Guru
Scagnetti  Online Content
TFF Guru
S

Joined: Jan 2006
Posts: 28,927
Dallas
Originally Posted By: butch sanders
Originally Posted By: Derek 🐝
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They don’t call YOU the Lone Star Park Clocker for nothing




Re: Market gone wild! [Re: Scagnetti] #12576146
01/13/18 02:14 AM
01/13/18 02:14 AM
Joined: Mar 2005
Posts: 27,936
Arlington, Texas
butch sanders Offline
TFF Guru
butch sanders  Offline
TFF Guru

Joined: Mar 2005
Posts: 27,936
Arlington, Texas
Originally Posted By: Scagnetti
Originally Posted By: butch sanders
Originally Posted By: Derek 🐝
I don't trust the stock market. I deal in tangibles. So I bought Scagnetti's food stamps and family jewels. I'm going to flip them on Craigslist for a nice profit.
you really should invest in
his horse racing pix
HAH! They don’t call YOU the Lone Star Park Clocker for nothing


true that Brother

Re: Market gone wild! [Re: fishslime] #12576151
01/13/18 02:16 AM
01/13/18 02:16 AM
Joined: Mar 2005
Posts: 27,936
Arlington, Texas
butch sanders Offline
TFF Guru
butch sanders  Offline
TFF Guru

Joined: Mar 2005
Posts: 27,936
Arlington, Texas
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves

Re: Market gone wild! [Re: T Bird] #12576152
01/13/18 02:16 AM
01/13/18 02:16 AM
Joined: Mar 2005
Posts: 27,936
Arlington, Texas
butch sanders Offline
TFF Guru
butch sanders  Offline
TFF Guru

Joined: Mar 2005
Posts: 27,936
Arlington, Texas
unless Pence gets in

Re: Market gone wild! [Re: T Bird] #12576431
01/13/18 01:16 PM
01/13/18 01:16 PM
Joined: May 2008
Posts: 1,367
Belton Lake, Moffat
D
donothin Offline
Extreme Angler
donothin  Offline
Extreme Angler
D

Joined: May 2008
Posts: 1,367
Belton Lake, Moffat
It is a false economy supported by deficit spending that our kids will pay for. It will likely be the same as it was after Reganomics and after Clinton. My investment portfolio has done very well since the second election of Obama and has continued this first year of Trump but I am under no illusion that the tax bill will result in long term growth.

Re: Market gone wild! [Re: butch sanders] #12576464
01/13/18 01:53 PM
01/13/18 01:53 PM
Joined: Jan 2010
Posts: 3,899
N 31.531479 X W 99.640587
D
Dognot Offline
TFF Team Angler
Dognot  Offline
TFF Team Angler
D

Joined: Jan 2010
Posts: 3,899
N 31.531479 X W 99.640587
Originally Posted By: butch sanders
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves



I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$


“You may all go to hell and I will go to Texas.” - Davy Crockett

Don't compare your inside life with somebody else's outside life.............Justin Kirkham

Half of being smart is knowing what you are dumb at..............Stan Stallings

“Every man is put on earth condemned to die. Time and method of execution unknown.”......Rod Serling
Re: Market gone wild! [Re: Dognot] #12576478
01/13/18 02:05 PM
01/13/18 02:05 PM
Joined: Jul 2006
Posts: 36,242
ARLINGTON
RATZ Online happy
TFF Guru
RATZ  Online Happy
TFF Guru

Joined: Jul 2006
Posts: 36,242
ARLINGTON
Originally Posted By: Dognot
Originally Posted By: butch sanders
Originally Posted By: fishslime
I've been in this situation before - the late 90's in particular. I paid for it in the early 2000's because I didn't get out of the market and have had to stay in the market for the past 18 years to get my money back. It's a long term thing. I still remember Alan Greenspan talking about "irrational exuberance" mainly with tech stocks at that time (I didn't believe him like a lot of others.), and of course that bubble burst. I think a different version is happening now because of the tax law which benefits big business and a general perception that the orange clapper will be good for business. Just watch corporate earnings. When corporations start to have earnings problems, look for a prolonged "correction". In between there will be some corrections but not prolonged. The other major issue to me is the start of some war which could be a real problem. Eventually, the national debt will be a major issue, but at the age of 72, I probably won't live long enough to witness the default of the country unless they get it under control. Right now our debt is at 102% of the GNP. That's uncharted territory for this country when there is not a major war to blame it on. Don't gamble on the stock market with money you need survive. That's my take.


solid
it happened to my Dad with enron
i am going to sell after Trump leaves



I worked with a guy that had worked with Enron, He said between him and his wife they lost 3.5 million$


that's worth killing someone


If God is your co-pilot then change seats




Re: Market gone wild! [Re: T Bird] #12576489
01/13/18 02:13 PM
01/13/18 02:13 PM
Joined: May 2002
Posts: 1,534
DFW
J
JCG57 Offline
Extreme Angler
JCG57  Offline
Extreme Angler
J

Joined: May 2002
Posts: 1,534
DFW
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.

Re: Market gone wild! [Re: T Bird] #12576491
01/13/18 02:15 PM
01/13/18 02:15 PM
Joined: Mar 2014
Posts: 16,932
North Texas
D
Duck_Hunter Online content
TFF Guru
Duck_Hunter  Online Content
TFF Guru
D

Joined: Mar 2014
Posts: 16,932
North Texas
Enron was straight up fraud. That’s different than the market as a whole fluctuating, or even over-correcting.


[Linked Image]
Re: Market gone wild! [Re: SheldonS] #12576532
01/13/18 02:46 PM
01/13/18 02:46 PM
Joined: Oct 2007
Posts: 18,343
Clayton, NC
Huckleberry Offline
TFF Guru
Huckleberry  Offline
TFF Guru

Joined: Oct 2007
Posts: 18,343
Clayton, NC
Originally Posted By: SheldonS
Originally Posted By: deerfeeder
One of these days what goes up, must come down. I'd move as much out as legally possible without generating a huge tax bill. Just sayin'.


You can usually move it within your 401K to something similar to a savings account with no tax liability. However, the most important thing is to have a balanced portfolio for your age of retirement.


Stable Market Fund

Re: Market gone wild! [Re: T Bird] #12576625
01/13/18 03:43 PM
01/13/18 03:43 PM
Joined: Sep 2008
Posts: 2,543
mckinney
F
fishslime Offline
Extreme Angler
fishslime  Offline
Extreme Angler
F

Joined: Sep 2008
Posts: 2,543
mckinney
Enron is a good example of how our politicians pathetically serve us. Phil Graham (Houston/Oil connected )sponsored the bill to prevent Enron-type fraud and got it through the Senate in the last days of Clinton's second term. After it was approved by the Senate, he and his cohorts "amended" it to allow large financial institutions (banks, hedge funds, retirement funds, etc.) to participate in oil commodity trading. Due to public sentiment, Clinton was pretty much forced to sign it, and most gave little attention to the "amendment". Then in the early 2000's someone allowed foreign stock exchanges to trade on the NYSE under the rules of their country with no oversight by the SEC. (I can't trace this to Bush necessarily, but I have my suspicions with his family's oil heritage.) Therefore, the large oil traders (banks, etc.) started to funnel their trades through foreign exchanges (primarily the International Commodity Exchange in London), were able to avoid scrutiny by the SEC, and basically manipulate oil prices as a result. The "speculator" was born - remember that term? Gas went up to $4.00/gal. in this country, folks couldn't afford their house any more, and the dominoes started to fall until it wound up in the septic tank by 2008. I'm sure most remember that as well.

As for me, I don't trust politicians any further than I can throw them. They may go up there with good intentions but soon fall in line with the rest and become puppets for their financial supporters instead of representatives for their voting public.

Being a catfish dude, I recognize a bottom feeder when I see one!

Re: Market gone wild! [Re: T Bird] #12576686
01/13/18 04:29 PM
01/13/18 04:29 PM
Joined: Mar 2003
Posts: 6,955
Huntsville, AL
F
Fishin' Nut Offline
TFF Celebrity
Fishin' Nut  Offline
TFF Celebrity
F

Joined: Mar 2003
Posts: 6,955
Huntsville, AL
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.




Kirk Long (Kikr) March 4, 1959 - June 19, 2009
I guess the Lord needed a fishing buddy more than me.
Re: Market gone wild! [Re: Fishin' Nut] #12576741
01/13/18 05:13 PM
01/13/18 05:13 PM
Joined: Oct 2007
Posts: 18,343
Clayton, NC
Huckleberry Offline
TFF Guru
Huckleberry  Offline
TFF Guru

Joined: Oct 2007
Posts: 18,343
Clayton, NC
Originally Posted By: Fishin' Nut
I bought 100 shares of GE yesterday. Losing $1900 won't break the bank, but it has potential in the long run to make a decent return.


thumb

Re: Market gone wild! [Re: T Bird] #12576830
01/13/18 06:50 PM
01/13/18 06:50 PM
Joined: Feb 2008
Posts: 17,452
Sachse Texas
krawlin 47 Offline
TFF Guru
krawlin 47  Offline
TFF Guru

Joined: Feb 2008
Posts: 17,452
Sachse Texas
I bought a little bit of PETS 6 months ago after loosing my arse on another stock (BEAT) - up 41%

I don't do too many stocks...let the pros do that imo.


Whether you think you can or you can't, you are probably right.
Re: Market gone wild! [Re: JCG57] #12576968
01/13/18 08:39 PM
01/13/18 08:39 PM
Joined: Jan 2007
Posts: 1,100
Carrollton, TX
K
kcb Offline
Extreme Angler
kcb  Offline
Extreme Angler
K

Joined: Jan 2007
Posts: 1,100
Carrollton, TX
Originally Posted By: JCG57
We are likely in the late stages of a wonderful bull market, which is typically when some of the best gains take place. But keep in mind that the stock market is a leading indicator of economic conditions (historically 6-9 months) and when the bear market happens the rate of decline in values is much faster than the rate of increase during a bull market. So if you wait for a recession to take place (which we will not even know has happened until several months after the fact), you have waited much too long to de-risk your portfolio.


This is some good insight right here. Market is up nearly 5% in a couple of weeks! Figure that out on an annual return basis and let it sink in. There will be bumps along the way but it's anyone's guess how high this thing will go. No reason to sell out right here but taking a little off the table would be prudent.

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