From a long term perspective I'm still trying to see past hope for some relief. Thrill probably won't arrive for another three years.
I'm stuck somewhere between denial & fear, funny thing is that's the usual...![]()
Retired, 50G/50C_ BLOG: Stats for April, 2024 Stats
From a long term perspective I'm still trying to see past hope for some relief. Thrill probably won't arrive for another three years.
I take it you don't have a thrill running up your leg?
Personally, I've already panicked and capitulated, and am now both despondent and depressed. But I'm out of IFTs and stubbornly refuse to sell. It really doesn't matter where I'm at though - only where most investors are. And with 60% of the AT firmly rooted in stocks, clearly not enough people are panicking yet. I think inactive fear is the current market emotion.
PorFavor Senior! NO.
From a long term perspective, this 10% drop presents a good buying opportunity. I saw a headline calling for panic selling in AAPL yesterday but I'm just not seeing it.
I had buy triggers on a few items at S&P 1350 which had been stagnant for a few weeks but finally hit yesterday.
For me its more like this:
The beauty of retirement is that excess cash can be used to make more cash. All you have to do is be disciplined to save in your working years - it takes money to make money and TSP provides an excellent mechanism to help you do that. The money piles up quicker when you have the potential to move multi-thousand share positions around. Just learn before you churn is the golden rule and you can make substantial gains. You don't even need big percentage gains to acquire wealth.
Apple looks interesting right here. it's hammer time! (or i am in denial?)
aaplhammer.png
It looks like AAPL's weekly trendline from 2010 held. AAPL is a tough one because it has such a cultish following but I'm sure it has one more burst higher before it collapses below 400.
So goes AAPL, so goes the market. If it's bouncing that hard then that could be one of those market tells we all try to look at for clues.
you're probably right. a run-up from here in the major markets would look like the right shoulder of a huge H&S pattern (on weekly charts) which could be bad news. I figure the market can't really sell off much more without buyers being lured into another trap.
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