Thread: Market Pull Back

Probably prudent to stay sidelined to at least the Oct job report comes out. The 7th of Oct is typically the worse day of the year and the week after (until Thursday) is the best week of the month for October for large caps. The last week of Oct is the best week for small caps. However if Pres Bush does poorly in the debates that would not be good for the market. Neither have lost a debate so it is interesting. For those who are not in the G fund it is probably wise to move now and not take more pain.

Some idiot said 22 Sep was the start of the sell off. Right on the button!


MT

MT,

Perhaps is better to get into the S fund till the 15th of October... the last two weeks of October are good bullish
weeks specially on election year...

What do you think ?

Any Thoughts ?

Leon

lkatteng wrote:

MT,

Perhaps is better to get into the S fund till the 15th of October... the last two weeks of October are good bullish
weeks specially on election year...

What do you think ?

Any Thoughts ?

Leon

Leon the Lion,

Stay away! Next week will be more of the same (lots of economic data and mutual funds will continue to clean house). I am looking to bounce in heavy on 7 Oct at this point. The last two weeks are good for the S fund, not the C fund. At this point we have to watch oil and how Pres Bush does on the debates. The risk reward is not in our favor to stick our paws in the water yet.

If oil goes to $55, our GDP will be less then inflation and we will see a lot of pain. I understand your election year logic but if the incumbent loses this is not a good month to be in stocks.

This market is one that will cut your tail off if you are not careful. I appreciate your asking my opionion, the key right now is capital preservation. We are trending down (again) now and we will have to wait for that lower low...it has happened about nine times this year and has worked for me so far. Bear market action: lower highs, lower lows. My headlights do not got out very far but I believe 2005 will be a horrible year for our index stock funds. Just so you know if you put money in the S or C fund six years ago...you would be down over 24% with inflation. That kind of takes the lipstick off the pig.



MT

Well it seems thatthe general feeling of"DOWN THE MARKET"is going around like the flu lately.

"You're seeing a slight bounce off of oversold conditions today," said K---- T--------, chief market technician at M-- Partners. "I'm looking for more of a pullback after today."

"I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday," she added.:end:

I'm in the "G" !!!! Watch it jump to the SKY!:@

There ya go Pete1...the village idiot made the call 23 Sep!!

Go ahead and put your neck out on the block. It is easy to be a Monday Morning Quarterback. Why don't you sit down and try to help people on this board by doing some research and make some comments on what is going to happen in the market? It is really easy to sit back and say that I made the call after the fact and this and that. If you are just going to name call...we do not need you on this board...you provide no benefits to anyone on here....you are a sludge reader and name caller.

Until you put your neck out and make some calls...keep your mouth shout. Because I will cut you up because I have made calls that saved myself and others thousandsof dollars.

In a bear market - capital preservation is the key. I know it is rough when you are fully invested and see the big red arrows but suck it up.

:^

MarketTimer wrote:

Probably prudent to stay sidelined to at least the Oct job report comes out. The 7th of Oct is typically the worse day of the year and the week after (until Thursday) is the best week of the month for October for large caps. The last week of Oct is the best week for small caps. However if Pres Bush does poorly in the debates that would not be good for the market. Neither have lost a debate so it is interesting. For those who are not in the G fund it is probably wise to move now and not take more pain.

Some idiot said 22 Sep was the start of the sell off. Right on the button!


MT

Went 100% G fund on 6 Oct and looking to nibble here...if the market does not make a stand next week...stand by for more pain and lower lows!

Good luck!

Last call I will make here. Pete AKA Monday Morning Quartdeck will make the calls for you moving forward! I am sure he will nail it just like me.

MarketTimer wrote: (on Sep 23)

Probably prudent to stay sidelined to at least the Oct job report comes out. The 7th of Oct is typically the worse day of the year and the week after (until Thursday) is the best week of the month for October for large caps. The last week of Oct is the best week for small caps. However if Pres Bush does poorly in the debates that would not be good for the market. Neither have lost a debate so it is interesting. For those who are not in the G fund it is probably wise to move now and not take more pain.

Some idiot said 22 Sep was the start of the sell off. Right on the button!

MT

Again, it was a nice call but since you are being so modest about it , I thought I'd mention what was actually said...

On Sep 23, the day you wrote "Probably prudent to stay sidelined to at least the Oct job report comes out."the S&P 500 closed at 1108. Before this past Thursday the S&P was up over 3% since Sep 23. We didn't hear much from you then. On Friday Oct 8, it closed at 1122. Still up 1.3% since the 23rd.

The bears show up when we finally get a couple of down days. We all make good calls, and we all make bad calls. As long as your ego is running the show, the market will put you in your place.

Good luck,
Tom