STOCK MARKET FEVER! Panic & Sell stocks today or risk tomorrow?
 

GFY stock pundits... figured I'd post here as I go about the process and get your feedback..

Ok, so I've doubled my SEP-IRA portfolio over the last couple years, about 50% to my goal set for the next 3 years.

I have nothing more than a gut feeling we are looking at another 2008 huge drop when tomorrows' jobs reports come out, gonna throw gasoline on the fire, dow down 500 points.

25% of my portfolio is in cash right now (from 2008 sell off panic), 5% in gold the rest in stocks.

I am only off 5% from my all time highs right now... time to sell it all and hold and buy back positions later?

After selling it all, sit in cash?

Yes, it will be a rocky road ahead of us, I would suggest you stay liquid as much as possible for the next month or so. Will be some real bargains to pick up if you have cash on hand when the opportunity arises

Right, but if tomorrow's report is less than horrible, might be a big bump up.

So you vote.. sell all now, take the 5% loss hold cash till after Armageddon?

Sell all now. It's not like it's gonna skyrocket tomorrow (if it moves at all) and you'll have made money had you kept it. You don't stand to gain much in the short term and if you bail now you don't lose much.

S&P has very little support to lead it to 1100. The jobs report, even if positive, certainly isn't going to do much, in the intermediate term. Might get a bounce tomorrow, or early next week, as we're oversold, but the bleeding will continue, you can count on it.

Sell it. Buy some more if it plummets.

I'm just gonna put a 1% stop loss order on everything, guess I managed to work through the emotions and see exactly what my risk tolerance is now in this enviroment.

I'm riding it out. I'm 40% physical gold, 15% cash and 45% stocks. (I'm all-in silver, gold and miners, don't have anything else, oh and uranium stocks).

ehh looks like gold isn't immune this time as everyones going liquid!

I wouldn't sell my gold for the world! I will only be selling my physical gold in 5 years.

Bought some Thompson Creek Metals and Goldcorp! Stocks are WAY down holy shit :)

There is no such thing as a bad profit ...

Crude Oil
88.28
-3.65 -3.97%

Note to self: top off car fuel tank tomorrow

Amazing, in one week, S&P has lost all the gains since last Nov. Feels like when Lehman brothers went bankrupt and everything started to crumble after that.

you aren't going to time it up right... I wouldn't even bother trying...

it could be +3% tomorrow or it could drop another 3%... 50/50 chance either way...
over the next month it could drop another 10% or it could go back up 10%... 50/50 chance there too...

there is really no reason for this panic lately, the economic reports lately are only slightly negative.... :2 cents:

I only invest after crashes...

bingo :winkwink:

we're whores :1orglaugh

DNDN is a good buy right now.

What he said... :2 cents:

heh, ended up setting 2% stop-loss orders on everything, almost all of them just got executed.. sitting on a pile of cash now with no where to go!

Today made the top 20 largest daily points losses in Dow.

DJI: Largest drop since Dec 2008.
SPX: Largest drop since Feb 2009.

Erased all gains since Nov 2010.

Nice, now put it all into a penny stock with a chinese based address and you should be rich beyond your wildest dreams :1orglaugh:1orglaugh:thumbsup

consumer good companies will most likely fall so it would be better to pick up some of those while they are low.

banks will probably drop too... i plan on making another round of BofA stocks

Buying High and Selling Low usually isn't a good idea to make the market work for you... :winkwink:

:thumbsup

Everyone ready for today? jobs report in 20 minutes!

So what are some good buys when everything is crashing? :O

for me this is the time to buy more shares and wait for the progress of tomorrow :)

yes what are some good affordable buys?

i say apple, because iphone5 is close and it will bring new jump

not if the stocks overall dip 15% taking apple with it, the bounce from Iphone5 won't make up for that.


shit, just today I watched apple open at 383 drop to 371, now it's upto 375.... someone made some money or lost alot lol.

"Economists forecast that employers added only 90,000 jobs last month and that the unemployment rate was unchanged at 9.2 percent, according to a survey by FactSet."

Dow and Nasdaq are holding up at this moment. We may make it out of this alright. My SEP has tanked big time over the last week...Then again, I'm far less aggressive, with my portfolio balanced for long term.

Congrats on your gains and definitely keep it up! We'll make it through all of this just fine. If we made it out of 2008, this is just a blip on the radar.

I really think they are simply just throwing band aides on a global economy that is completely broken and has systemic problems that can never be fixed without everyone forgiving debt and never borrowing again. They have been putting off the crash for years, these "corrections" are the times when the economic magicians accidentally reveal too much of the rotten corpse behind the curtain. I think many know this, but other than stocking up on food, ammo, smokes and booze there's no safe place for cash.

...especially if the dollar is ever completely devalued.