DOW futures down more than 1000 pts for Tues opening

[Anonymous]

1987 repeat?

[Anonymous]

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

What? No.

[Anonymous]

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

I think this is universally considered to be the worst investment advice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

I think this is universally considered to be the worst investment advice.

Yes, sorry, you are right. I was thinking of something else. Ignore that advice.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

I think this is universally considered to be the worst investment advice.

Yes, sorry, you are right. I was thinking of something else. Ignore that advice.

Did you seriously think that, PP?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

I think this is universally considered to be the worst investment advice.

Yes, sorry, you are right. I was thinking of something else. Ignore that advice.

Did you seriously think that, PP?

Have pity on the PP. Sometimes the coffee is slow to brew.

Don't trade until there is a lot of coffee.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Sell to prevent further losses. When the market recovers to its previous high, buy back in.

I think this is universally considered to be the worst investment advice.

Yes, sorry, you are right. I was thinking of something else. Ignore that advice.

lol really? I thought it was sarcasm, I guess you can never tell with the anonymous nature of the forum.

The best advice is of course to hold. If you have cash sitting then this may be an opportunity to purchase some stocks. The market is due for a correction, this may or may not be it, no need to panic.

[Anonymous]

You are absolutely 100% correct. Have a good plan and stick with it.

[Anonymous]

What about people who are older - very close to retirement. Should they sell?

[Anonymous]

Anonymous wrote:What about people who are older - very close to retirement. Should they sell?

Why are they fully in the market? Aren’t you supposed to start pulling money out that you’ll need in 2-3 yrs??

[Anonymous]

Anonymous wrote:Is this the everything bubble crashing?

Can you imagine TARP in this environment? I don't know that it will happen or be as helpful.

Fed is already sitting on make balance sheet so can't buy much more without amplifying risk and rates are already pretty low.

If this is 2008 Part Deux, how does it play out

It's not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Is this the everything bubble crashing?

Can you imagine TARP in this environment? I don't know that it will happen or be as helpful.

Fed is already sitting on make balance sheet so can't buy much more without amplifying risk and rates are already pretty low.

If this is 2008 Part Deux, how does it play out

It's not.

+1

Oy vey to all the breathless talk about a 7% drop. Are you people new to this?

[Anonymous]

Anonymous wrote:What about people who are older - very close to retirement. Should they sell?

They should already rebalanced their portfolio
Stick to the plan, don't try to time the market

[Anonymous]

Anonymous wrote:

Anonymous wrote:What about people who are older - very close to retirement. Should they sell?

They should already rebalanced their portfolio
Stick to the plan, don't try to time the market

Yup, this. Don't rebalance now.

[Anonymous]

OMG, I have to get off this forum and back to bogleheads. The ignorance is spectacular. 1987? Sell and buy back high?