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Some Thoughts on Wall Street Panic 2011 (Update)

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It's scary. Darn politicians should have put aside their partisan differences and did what was best for the country. But at least the super mega rich didn't get a tax increase. Rolling Eyes

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Post Mon Aug 08, 2011 4:25 pm
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littleroc02us
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I had my wife put some money into VTSMX right now since it dipped to around $29.90 a share down from $34.

Risk comes from not knowing what you're doing. (Warren Buffet)
Post Mon Aug 08, 2011 4:35 pm
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seang11
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Those are good points that have been made. I guess the short version is to take a long term view. In the long term stocks have always gone up. Of course, the last ten years have been particularly trying as stocks have not gone up much, and ten years is a long time.

Another key point is to make sure that your portfolio matches your risk tolerance, and your time horizon. Even if it doesn't, now is probably not the time to adjust. Panic selling although probably a 50/50 game in the near term, is not wise because you probably not fully considered what your long term position should be. This should be done after careful consideration.

But if the past weeks developments have scared you unduly, then you may want to evaluate what your risk tolerance truly is. For a lot of people this is a rare test of their ability to deal with the loss of significant money. If it worries you that much, you may have too much risk in your portfolio. You may, after the markets calm down, want to consider allocating your investments so that they are not hurt as much during turbulent times such as these.

The market is up for today. Lets hope the worst is behind us.
Post Tue Aug 09, 2011 9:48 pm
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eastmn
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Joseph Stiglitz in the news today:

http://finance.yahoo.com/blogs/breakout/failed-monetary-policy-helped-create-economic-crisis-stiglitz-124946107.html

http://www.businessinsider.com/joseph-stiglitz-americas-debt-crisis-2011-8


Last edited by eastmn on Thu Aug 11, 2011 3:12 am; edited 2 times in total
Post Wed Aug 10, 2011 6:15 pm
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KeithSpringer
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The Shot Heard Round The World  Reply with quote  

History shows that sovereign downgrades spark action in governments to tighten their belts and cut budgets. Less spending, whether it be in employment, infrastructure or social services including Social Security and Medicare means less aggregate demand in an economy and thus less revenue and profit.
Post Thu Aug 11, 2011 3:57 pm
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eastmn
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Who do these flash crashes (shark snips) hurt the most?
The short term trader and/or the green?

Roubini @ WSJ Today:
http://www.marketwatch.com/video/asset/roubini-warns-of-global-recession-risk-2011-08-11/C036B113-6D5F-4524-A5AF-DF2F3E2F8735?dist=beforebell#!C036B113-6D5F-4524-A5AF-DF2F3E2F8735
Post Fri Aug 12, 2011 7:17 am
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Lex
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Re: Some Thoughts on Wall Street Panic Aug 2011  Reply with quote  

quote:
Originally posted by coaster
My thoughts on the Wall Street panic of Aug 04, 2011:

...


Really well-put. First of all, this is a well-analyzed article and has been based on facts rather than rhetoric. #WellPlayed!
Post Mon Aug 22, 2011 11:16 am
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3door
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Great post. You are the expert here but I'd like to add to your Point #6.

It's not always a bad thing to sell at a little less than the top, and buy at a little more than the bottom in the long run...Buy low sell high doesn't necessarliy mean buy at THE low or sell at THE high. I mean come on noone's perfect.

Moral of your post to me - Don't be greedy, take it slow and be happy with profits if you have to or choose to sell.

Brian
Post Wed Aug 24, 2011 12:40 am
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LottomagicZ4941
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Yes I like to buy stuff on sale;)

But today I need to see if my 7 year old car needs some $$$ put into it.

When the market crashed in 87 it made me sort of lose a scholarship. Got to claim that I won the scholarship but didn't get the money from it.

The scholarship couldn't give out money due to the state of the stock market. It was below it's projected value.

I did earn money from a different scholarship; but, I think 1987 made many of us more frugal.

Frugality is good as long as it is limited.

When I was young my mom always had me save money for college so when I became a freshman I went through it like a hot knife through butter for a while.

Anyway, great post Coaster. I'll read it over a few more times;)

And for those of you who can even put 1 or 2% into a 401K do it!!!

Especially if your lucky enough to have a company that matches!!!!

I've previously told the story about how my take home went up when I started my 401K.

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Post Fri Sep 23, 2011 2:45 pm
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globaldoc2001
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I guess I can not blame this happening. It is really scary as so much is at stake. The economy of the entire country and nation is really on the line. I just guess panic might be the natural reaction. However, I remain to be very optimistic of the situation. For one, the USA will never be like Zimbabwe or Vietnam, or the likes. Sooner or later, the USA will rise again. It is just a matter of time, and it is not far.

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Post Tue Oct 04, 2011 12:47 pm
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Offshore-Wealth.com
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STOCK MARKET INVESTING Is NOT For NEWBIES  Reply with quote  

With the crazy economic collapse we see worldwide, no way would I leave any money in the stock market at this point in time. With several hundred point variation swings every other day, you never know which side of the trade you should be on, but I will say this, I played short on Bank of America and it paid off big time just when everyone thought the Greece bailout by Germany was going to happen, and it didn't, wham, banking stocks got hit again in this yo yo period.

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Post Tue Oct 04, 2011 6:05 pm
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3door
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Hey Tim,

Do you mind explaining to novice investors like me? Without trading, how does one build wealth without relying completely on funds, dividends, reinvestments, etc? I mean growth on paper is all well and good, but until you act it's all on paper.

quote:
If you're a TRADER that may be sound advice.

If you're an INVESTOR it's not appropriate because for an investor, there's only one side to be on.

Post Sun Oct 30, 2011 11:58 pm
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CommodityCall
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Intraday Commodity Trading Tips  Reply with quote  

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Post Fri Mar 27, 2015 7:52 am
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