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DOW is up 5%

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Show me the money
After this weeks rally the DOW is up 5% on the year. I hope this trend continues and my portfolio recovers some of what it lost during Clinton's last year in office.
bacpac
6:31:29 PM
3/08/02

I thought it was the Sept 11 $hit that messed everything up.
walkindude
6:36:08 PM
3/08/02

nope - the slide started earlier - not long after Dubya got in the office and got his cabinet in place. (who knows what the cause of the slide was - not me)
HogOnIce
6:40:05 PM
3/08/02

Thats great!I too hope to make some more money this year!

8)
its crazy mike
6:40:23 PM
3/08/02

I hope my 401K starts kickin @$$ again!
walkindude
6:41:18 PM
3/08/02

Has nothing to do with who's pres... the tech sector was bloated as all hell and way overvalued..finally the correction is getting close to its end and values should begin to rise...
wsdavies
6:46:10 PM
3/08/02

No doubt on the 401k!!!!

8)
its crazy mike
6:48:14 PM
3/08/02

Jobs and demand of work need to go up though!!!!

8|
its crazy mike
6:48:55 PM
3/08/02

My slaughter began almost exactly a year ago. I was at a meeting and my wife called, asked if I had looked to see what happened. By the end of the slide I think we lost 20% or so. Glad we are in it for the long term!
Pathman
7:20:14 PM
3/08/02

i feel your pain pathman.
baume 66
7:28:21 PM
3/08/02

20%

Ouch!!!!

8(
its crazy mike
7:30:46 PM
3/08/02

Many of my clients - the majority with greater than a 10-year horizon - aren't too concerned, although we took a more conservative stance as things began their roll... still, one advantage for ME has been the bottoming out of the tech sector, as wsdavies stated, and his last comment may well be prophetic...

Watch for good companies who are likely undervalued, sound fundamentals, and a good, progressive product or service. Spread your 401-K allocations to more appropriately diversify the RISK - say, 60/40 to 70/30 equities/bonds, pay attention to the market AND how your portfolio responds, and adjust accordingly. Get 10 years or so from retirement, then thin our your mix so the ratios eventually become opposite (if not moreso) the ratios shown above.

And keep techs limited to no more than 15% of your portfolio. Look to healthcare, communications, transportation, pharmaceuticals, oil & gas, and security types of products & companies.

Free advice.

Worth exactly what you paid for it.

Maybe more.

Trust me.
Obi Wan Canoli
7:40:02 PM
3/08/02

I suppose I should mention...
As of today, my "portfolio" - such as it is - is down 3.4% over the past 12 months. Depending on the issue, I'm up nicely in some, and down in others.
Obi Wan Canoli
7:52:33 PM
3/08/02

Invest in the mortuary business. A real growth industry. Remember, the first baby boomers will be 60 in just a few years...
bitpusher
9:46:29 PM
3/08/02

Obi..do you work in the finacial services sector...If so cool..it's an area of interest for me...I'm a bit of a fundamental analysis buff...or value investor...Benjamin Graham's Security Analysis the bible of FA
wsdavies
4:16:35 AM
3/09/02

I'd rather continue to buy low.
Gear Slut
5:12:11 AM
3/09/02

Yup... Ch. Financial Consultant... Ch. Life Underwriter (CLU/ChFC), 22 years.

Gear Slut has the right idea... but nobody has a crystal ball...

In the end, the best way to make money is to put it aside in the first place. Majority of people don't have the discipline to do this. They spend first, then save what's left over.
Obi Wan Canoli
9:17:52 AM
3/09/02

bacpac,
Clinton was the greatest president ever for the stock market.The nasdaq went up 1000% and the dow 350% under Clintons tenure.No president ever had the markets perform anything to close to that under their leadership.The 90s experienced the Greatest bull market Ever.A 5% loss off all those gains is nothing to complain about.


I would say after the April earnings reports period you will know whether to dive back into tech.Cyclical stocks look like a definite sector to jump in now.Looks like the recovery is under way and cyclicals will lead.
davex
12:30:08 PM
3/09/02

bacpac, everybody knows (except you) that the stock market is 6 months ahead of events. The stock markets plunged at the end of Clinton's watch because of the predicted economic future under BUSH.
thebackpacker
12:34:21 PM
3/09/02

never mind...bacpac is an INGRATE.If there is something the lunatic right couldnt try to disparage clinton with it would be the best ever stock market gains under any president in the history of The United States.Bacpac is a whiner and idiot for trying to deny this FACT.
davex
12:53:17 PM
3/09/02

The stock market has nothing...zero..zip..zilch..nada to do with the freaking president..Clinton's presidency happened to coincide with the explosion of the information age..You libs live in a bubble of lefty rhetoric and faulty logic..At least it provides many of us with a good laugh now and then....
wsdavies
5:55:14 PM
3/09/02

I have to agree with wsdavies, there, and add globalization, biotech, microrobotics etc to the list of things that added to the run up of the stock market.

PS-I'm not worried about my 20% fall, even with that I am on my long term yield goals. I had a great 10 years that preceded that!
Pathman
6:01:22 PM
3/09/02

Whether a president moves markets on a long term basis is debatable.
However when bacpac whines and attributes a 5% pullback due to clinton then HE is insinuating that presidents move markets not ME(his faulty right wing logic)
I am then obligated and more than willing to point out the gargantuan record setting gains established under clintons presidency.

As for a president having no impact wait what will happen to US biotechs under GW's stem cell research ban/limitation.All that huge biz is gonna go to canadian and euro biotech co's.
davex
8:24:36 PM
3/09/02

my error on :5% pullback,5% loss---should have read 'pullback' only.
davex
11:43:48 PM
3/09/02

left...........................right
left.................right

left...right

le..ht

libertarian
uncliff
11:57:36 PM
3/09/02

Libertarians are dumber than the repugnantcans or the dumbocraps.

Buy defense and oil stocks. They are going to do well under dubya.

Watch the forest products industries and companies that that do a lot of international trade. Still a bit unclear how dubya's policies will affect them.
gordon
1:06:54 AM
3/10/02

There are certian things that money shouldn't be made off of, which are morally repugnant..like stem cells from dead babies, harvesting organs from prisoners(China) selling hard drugs..ect. ect. If it that in some way hurts our economy then it's a pain I can endure...
wsdavies
12:31:20 AM
3/11/02

Time to sell my mutual fund to pay off the debt on the home loan? It hasn't been this high since Bush sent the stock market into a plunge back in 2000.




http://seattlepi.nwsource.com/business/1320AP_Wall_Street.html

I should add that it is still 60 cents a share below the price I bought it at.
last edited: 12/01/05 11:11:25 PM
USA
11:07:35 PM
12/01/05

Blame your broker not the President. The overall market is up. Housing loans are the lowest in decades. You should have refinanced at a lower rate.
bacpac
5:42:43 AM
12/02/05

Actually bacpac, I think the investor is ultimately responsible for his investments.

So USA, if Bush was responsbile for the plunge back in 2000, is he now responsible for the strong economy that boosted the value of your fund?
Creek Dancer
8:22:26 AM
12/02/05

Absolutely.

Lets give him full 'credit' for economic policies that have yet to take the Dow back to where it was when he took office.

Bravo.

VioLiN
9:41:11 AM
12/02/05

On the other hand, gold (the traditional hedge against hard times) just reached a 22 year high.

http://www.latimes.com/business/la-120105gold_lat,0,7602035.story?coll=la-home-headlines
VioLiN
11:04:32 AM
12/02/05

Time to sell all my gold fillings!
Wounded Knee
11:10:04 AM
12/02/05

That's only 30 stocks. Asia ,latin america and other developing countries have out paced
the Dow easily.
salebored
11:20:04 AM
12/02/05

I have a 5% interest rate, but still am paying/wasting $160 a month on interest. It would be nice to pay off the loan and not have that that payment every month. Just wondering if now is the best time to sell. You know, buy low, sell high.
USA
9:09:31 PM
12/02/05

You can sell your mutual fund and put that money into something that earns more than 5%. I saw some kind of government bond the other day that was currently paying 6.5 i think.

Also, I would think you can pick a better mutual fund that should pull around 10%.
ductape
7:41:36 AM
12/03/05

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