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Thread: I think that you should sell

  1. #1
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    zelmo1234's Avatar Senior Member
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    I think that you should sell

    I stayed in metals a little too long and have some Gold that I need to off load,

    could you all sell some of your stocks

    I am watching the panic in the Stock Market. And anyone that did not see a correction coming is crazy.

    401K participants that are over 55, watch the bond markets, Interest Rates are rising, and this Correction us bit likely to be short and fast. If Bond and interest rates increase, it might be time to move to securities after the market recovers.

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    Trumpster's Avatar Senior Member
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    A correction in the market is healthy. And, I agree, it will likely be short and fast.

    I'm not worried because I have been through many corrections and 3 major market crashes.

    I haven't decided yet but I might buy something.
    Last edited by Trumpster; 02-05-2018 at 05:13 PM.

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    donttread's Avatar Senior Member
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    Quote Originally Posted by zelmo1234 View Post
    I stayed in metals a little too long and have some Gold that I need to off load,

    could you all sell some of your stocks

    I am watching the panic in the Stock Market. And anyone that did not see a correction coming is crazy.

    401K participants that are over 55, watch the bond markets, Interest Rates are rising, and this Correction us bit likely to be short and fast. If Bond and interest rates increase, it might be time to move to securities after the market recovers.
    What are the odds that congress and the super rich did just fine in the correction? Really good. But the tax code viryually forced every man into the " market" which has accelerted the upward transfer of wealth.

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    People who don't sell at the bottom make out just fine. The market will bounce back.

    Still, Market correction watch is on
    ΜOΛΩΝ ΛΑΒΕ


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    Quote Originally Posted by donttread View Post
    What are the odds that congress and the super rich did just fine in the correction? Really good. But the tax code viryually forced every man into the " market" which has accelerted the upward transfer of wealth.
    I agree, but what goes up eventually comes down. The super rich are mostly older people who will not live forever. And those who make a lot when the market goes up also lose a lot when the market goes down.

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    zelmo1234's Avatar Senior Member
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    Quote Originally Posted by Trumpster View Post
    I agree, but what goes up eventually comes down. The super rich are mostly older people who will not live forever. And those who make a lot when the market goes up also lose a lot when the market goes down.
    ???? There are ways to minimize your losses but it was too High in my opinion there was very little upside.

    I think that if some of the buy highs sell low people get out, there will be some upside.

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    Quote Originally Posted by Trumpster View Post
    A correction in the market is healthy. And, I agree, it will likely be short and fast.

    I'm not worried because I have been through many corrections and 3 major market crashes.

    I haven't decided yet but I might buy something.
    I think it is just getting started. Will see lots of pumps and dumps on the way down though.

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    Bear in mind it's a 4.5% drop. Time to take a little profit. Maybe take a bit and use it on a flyer. The market needs a breather instead of a bubble bust. I hope that's what's happening.

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    zelmo1234's Avatar Senior Member
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    Quote Originally Posted by Kacper View Post
    I think it is just getting started. Will see lots of pumps and dumps on the way down though.
    Yes markets always crash when the economy is booming and the dollar is gaining strength, it went up way too fast and taking profits was the right thing to do.

    4 thousand points of correction will be just right to get the ball rolling again.

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    SELL! SELL! SELL!

    You stared into the abyss, and the abyss stared back!

    I'm betting the ranch and family jewels on PINK SLIME!

    Beware the Ides of March!!!!

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