So, we all jumping in head first today (for those of us who have been out).....or?
Printable View
So, we all jumping in head first today (for those of us who have been out).....or?
The market is still testing the lows. Support points are 1828, 1841, and 1869. I haven't charted resistance but yesterdays high was 1954 I believe so that gives you a range. Be careful, as Q said "there are SHARKS in the water" or as they say to surfers off the Barrier Reef: Enter at your own risk"
FS
As usual been missing all the fun being out of the market..waiting for a chance to get back in..this seems like a good one?
Anyone want to warn me off?
COB today went 100% into 2020 fund and plan to hold into Jan this way. I'm retired but I need more than what the G fund offers. Hope the 2020 mitigates risk enough.
Wow...I thought for sure we would get a pull back so i could get more in than I am. Im just happy I have some exposure (unlike the last 8 years sitting in the G fund). But I think this may just be "rational exuberance" instead of the other kind.
I really hope it pulls back a little today...this rocket sled ride to the moon scares me...dont like those giant falls but I guess if I was a good market timer..
I think there may be an opportunity next week with CRA expiring and current political vitriol. During longest shut down back in 1995-96 the market didn't seem to impacted much. What Shuts Down During Government Shutdown | Time
You know....I'm just optimistic about this market since I bought in October. I'm happy we have a few lackluster days showing this isn't just a bunch of enthusiastic buying based on fear of missing out. (or is that exactly what it is?). Half invested is my risk tolerance so that's where I sit. Someone warn me when its time to sell please but being out of the market has been my biggest risk and it has cost me dearly. So in retirement I calculated how much I would need...my pension from FERS pretty much keeps my head above water (I have no debt though). What I dont have is that extra 1 or 2K a month that always allowed me to save for a car or emergency house repairs and build it up pretty quickly. I could pull TSP money and even in the G get about 1K extra a month. Turns out I still want that big money cushion..so, with that I decided I must put some money at risk to live the lifestyle I desire.
OK...so, market psychology ...
***On one hand we have trumps tax plan and business promotions lessening regulation and allowing companies to repatriate money and creating optimism.
***On the second hand we have a long overdue market needing correction.
***On the third hand we have Everyone who was on the sidelines euphoric and rocket sledding the market to the moon (which is scaring everyone because of hand 2).
Now it looks like hand 2 is starting a self fulfilling prophecy but hand 3 isn't done yet so things are balancing. So.......what to do..ride out the storm or try to time? humm
So I just want to say "HOLY CRAP" for today's action. that's it....I'm sure we're all a little giddy.
I'm only half invested but trying to hold onto real expectations for the future......but I'm pretty sure i'm going to start budgeting to a conservative return of 30% a year at this point. haha