Thread: WorkFE's Account Talk

Like I mentioned in another thread, I want this cat to bounce a few times to ensure it's demise.

I'm within 4 to 7 years of retirement. I don't need to take big losses and I don't need to have big wins. Slow and steady wins the race. Right now, my 45% in C/S/I looks ok. I'm down 4% while others with more risk are down >10% - and, that includes losses from when I was 65% in C/S/I. So, ok...

If I were already living in my Winnebago and traveling the world (or, sitting on my butt watching great football games) I wouldn't want much in this market. Why?

I agree. I was sitting 45% in C and S. Backed out a couple months ago. This pull back probably would have me on edge if that was still my allocation but not sure I would run for the hills, hate selling losses.

I was thinking purely from a two day (big) losing streak giving us a quick bounce.

Then again I'm a ascared of risk nowadays and probably would have stayed put. 1-2 years out now.

Yesterdays late day run did not have the legs of Mondays run. Still, a softer landing than I thought it was gonna be.
Anyone who played for a bounce, futures look promising for that.

Originally Posted by WorkFE

Anyone who played for a bounce, futures look promising for that.

It was nice while it lasted.

Another no-bueno moment...

Big down day yesterday turns into an up day. Big up day today turns into a down day.

We've seen this movie before. On the positive side, we could be consolidating. Everything going on around the world should be priced in at this point. On the negative side, we could see more legs down. Things could go either way.

Looks like it might be a up and down seesaw market today. Stay nimble

Easy with the cold water, you're putting my fire out.

"I think I can, I think I can, I think I can..."

I'd like say I didn't see that coming but I'd be fibbing.
I believe I heard someone else mention they believe there is more downside coming. I happen to agree.
There is plenty of items in the news cycle daily that I don't need to point out what this group already knows.

The one item that I've noticed, the VIX. We have the indices for the most part in correction territory. The VIX is showing volatility but not overblown. I believe there are equal parts fear and complacency.
There's a bit of tug of war going on between the 2, the overall rational direction is down considering the economic short term picture. We had an incredible run, a lull in the action would not be unheard of.