Why I remain invested: Pessimism does no good

I am bullish on the USA.

If I am wrong, the health of my IRA will be the least of my worries. I see no upside to pessimism.

YOU must "play" the modulations in amplitude. These phenomena are generated by the BIGGGGGGGG holders, the idea is to create the need to get out, which is then countered by a sweep of the BIG PLAYERS buying what the little guys are selling due to fear.

If people like you are not afraid, then the whole Wall St. "thing" falls apart.

Quit fucking with the system, and fork your money over, you asshole!!!!!!!!!!!!!!!!!!!!!!!































:sarcasm:

It only looks like a crisis when you don't realize 99% of the bar graph is out of the frame.

That would be dumb. I don't care if it takes 5 years. I'm going to wait until the price comes back up to sell. Why would I take a loss now when all I have to do is wait and I can recoop my money later? All this selling when things go bad and buying when things are good is herd mentality and that is not how you make money in the stock market. When did the way to make money in the stock market become sell low and buy high? Like Warren Buffet says you buy when everyone else is scared and sell when everyone else is overconfident.

Companies don't always remain sound and they can make policy changes that also affect their performance in a personal stock portfolio. Hanging on to a stock whose face value has dropped but otherwise is sound could be ok. This is what I did with most of my stocks in that awful autumn crash.

Selling is a tactic; sometimes you retreat to reposition. You can sell a stock, and take all or some of loss against your taxes and if you can take the sale proceeds and invest in something that is growing faster, you could earn your money back and have a gain before 5 years are out. I did this with a couple of my stocks which had become slugs and I don't regret repositioning at all. At this point with the exception of working with devalued dollars, I'm back where I was before the crash, if I was still holding my slugs I'd be a long way from back even.

How about being realistic. And there is value in having an idea about which way the wind may blow

I was taught at my mother's knee that one invested for income, not stock face value. Even with dividends down slightly during this recession, I'm still in the middle class after a lifetime in the working class and occasionally below that.

Some people play the casino by the day or week, looking for that one big score. In most markets we call them losers because betting against the house is always a bad idea, the house usually wins. People who go long, however, might see their net worth fluctuate, often between extremes, but that income will still be there, year after year.

As a conservative Congress continues to dither over financial reform, we're going to continue to see wild swings and the trend will be downward until they repair the damage Reaganomics and Phil Gramm have done to us.

However, I can't tell anyone else what to do. The problem with a total crash, if it is allowed to progress to a total crash this time, is that no one knows what the right thing to do is until it's over and everybody counts up what they have left.

In fact we put more money into Euros yesterday and that followed upping the money in a S&P-500 fund earlier in the week. I not only have faith in our economy I think that as soon as this Greek thing is taken care of the Euro is going to take off.