24 months ago on Oct 8, 2007 the DJIA closed at 14,093.
Originally Posted by DeWitt Boice
To put this event in some prospective the DJIA first closed above 10,000 in 1999, about 10.5 years ago. Some of the buy and hold long term stock investors should be close to getting even again.
The question is, where does it go from here? Time to get in or out?
Originally Posted by Jim Pickering
At first I thought of a line from a Grateful Dead song. But, then realized it doesn't apply either..."I may be going to hell in a bucket, but at least I'm enjoying the ride." I don't think many are enjoying this ride.
This is a game of musical chairs. I can only hope most of you are playing with the 'casinos' money, and not your original 'investment'.
Since pre-historic times and before, (just for your benefit Keith);-)... we have learned big bubbles require big corrections. If you believe we have had that big correction, then by all means stay comfortably "all-in" as the hold-em crowd is fond of doing. But, like the hold-em gamble, this is not much different. Don't confuse it with 'investing'. Only Wall Streeters use that terminology. You won't find it in the lexicon of the day traders.
Keep those stop-loss margins snug....so you won't become fodder for the Street when the 'other' shoe drops.
Of course this is JMHBFWDAO.