Return to the Household Finances Forum | Post a Follow-Up

 o
Market lost 632 billion today....did you peek?

Posted by celticmoon (My Page) on
Tue, Feb 27, 07 at 23:39

Yes, it is only paper money until you go to sell, etc. And yes, it is pointless to look at daily changes in valuation, - the long haul is all that matters etc. And yes, it was a grand run, up until today. But that was quite a plummet. Worst in 5 years and a bit dizzying I must say.

I couldn't help myself. I peeked. Ouch.

How is your discipline? Did you peek? Are you stressing?

And where exactly did that $632 billion go anyway?


Follow-Up Postings:

 o
RE: Market lost 632 billion today....did you peek?

Didn't peek - not stressing - I don't have anything in the market that I'm planning to take out anytime soon.


 o
RE: Market lost 632 billion today....did you peek?

Gibby, that is so mature and rational. I gotta get more like that.

I know I came through 2000-2002 relatively unscathed. Oblivious actually to the whole tumble. I was working more hours then and had no time to peek. Probably healthier for me in some ways!


 o
RE: Market lost 632 billion today....did you peek?

My concern is that I don't have more spare cash to pick up some bargains now! For those of us who have been investing for longer than the last few years, this is just another hiccup...


 o
RE: Market lost 632 billion today....did you peek?

Peek,no..Observed the decline moment by moment,guilty...And don't get too concerned because it is only a loss if you sell ;)
Looks like a positve open today, but there is more downside risk then upside gain over the short term..imho


 o
RE: Market lost 632 billion today....did you peek?

Yes, I peeked (and winced). But we have a long term view, so not stressing. (Not happy, mind you, but not stressing).
I'll probably be watching CNBC periodically today....


 o
RE: Market lost 632 billion today....did you peek?

Dh and I peeked, but we have no stress about it. In fact, we are plotting to do some extra investing today!


 o
RE: Market lost 632 billion today....did you peek?

Nope didn't peek. Didn't matter, in it for the long haul. I'm like kudzu...looking at it as a way to invest more at lower prices. NancyLouise


 o
RE: Market lost 632 billion today....did you peek?

Ditto. I have so far to go before I need that money that the big swings aren't money earned or money lost.

However, it was a memory-jogger to think about rebalancing my portfolio. By now stocks probably are way overrepresented.


 o
RE: Market lost 632 billion today....did you peek?

The Dow isn't below $10,000, so I'm not worried.


 o
RE: Market lost 632 billion today....did you peek?

I am impressed. You all are so disciplined amd sensible. Good role models for me.

I have the discipline to 'stay the course' with my investment strategies. But I just have to look at the numbers meanwhile. And wince. And think idiotic thoughts like, "Oops, there goes my little red retirement Miata! Oh well." Pointless peeking.

I have a friend who always says, "Eh, it won't take any food off my table tonight." That's a healthy perspective too.


 o
RE: Market lost 632 billion today....did you peek?

I told hubby I was taking money out of savings to contribute to my (housewife) IRA account. Buy low...

-Grainlady


 o
RE: Market lost 632 billion today....did you peek?

No, but I update my "net worth" spreadsheet monthly, so I will tomorrow (1st of the month). But only because it's my "scheduled" peek. For a second I thought about buying some extra mutual fund shares, but I decided to stick to my normal buying schedule too. It's poor timing for me to buy extra; I'm "saving" for laser eye surgery, and don't want to put money I'm going to spend in a couple months into the market.

Last year, I hadn't been paying attention to the market, and was quite surprised at my normal monthly checkup to find a significant drop (I think about 7% or something that month?)... had to come home and ask my roommate (a finance investor for the World Bank) what the heck happened to the stock market this month! At least this time I know to expect it. (btw, she said "ups" are almost always gradual and "downs" are almost always sudden, so this would be part of the "normal ups and downs" of the market)


 o
RE: Market lost 632 billion today....did you peek?

I've been waiting for a pullback like this to do a little bargain hunting. My idea is to wait 'till Friday and see how jittery investors feel about holding long positions over the weekend -- might be a good day to pick up a few shares here and there. Agreed, in the long scheme of things, this isn't even a speed bump yet.


 o
RE: Market lost 632 billion today....did you peek?

Didn't peek; didn't even know about it until the mkts were closed.

Did peek today, at least at E-Trade. Nothing has particularly happened. I suppose my S&P 500 ira has taken a hit, again. I try to invest in non-correlated items so there's not a whole lot of roller-coastering in the entire portfolio.


 o
RE: Market lost 632 billion today....did you peek?

Buy!


 o
RE: Market lost 632 billion today....did you peek?

I read an analysis this morning that pointed out there have been about 200 trading days in the last century where the market has had bigger percentage losses than yesterday. Keep a longterm perspective and let others panic...


 o
RE: Market lost 632 billion today....did you peek?

What? First I heard/read of it.

Just went and peeked...I feel as so many of you do.

Buy!
Keep a longterm perspective and let others panic.
in the long scheme of things, this isn't even a speed bump
(btw, she said "ups" are almost always gradual and "downs" are almost always sudden, so this would be part of the "normal ups and downs" of the market)
"Eh, it won't take any food off my table tonight.
I don't have anything in the market that I'm planning to take out anytime soon
Buy low...

Sue


 o
RE: Market lost 632 billion today....did you peek?

Chinese market was up over 100% in the past year, gov't. was concerned ...

... many components of Chinese market gov't. owned - so when gov't. talks ... they listen.

My money's still in my jeans - not enough correction, yet.

(Investment-related) "Shareclub" meets tonight - "Investment Group"'s different.

o j


 o
RE: Market lost 632 billion today....did you peek?

I didn't even learn of the chaos until nearly 4PM that day; I'm in it for the long term, making myself sick by checking on "numbers" isn't the sort of stress and angst I need to add to my life.


 o
RE: Market lost 632 billion today....did you peek?

Did I peek? Sure I did. Down about 2% and a bit more by now. Nothing to get stressed about. I did sell out one of my shakier stocks a couple of months ago and put the money into a government bond. The stock market has been looking pricey for some time now. BTW I am in Canada and Canadian bonds are paying about 4%.


 o
RE: Market lost 632 billion today....did you peek?

In the US, if inflation is running 2.7%, a 4% bond won't do much to keep you ahead, long term.

The Chinese stock market is underregulated, full of "froth" from unsophisticated investors, and gyrates wildly on rumors of what the Communist government might or might not do next. Most prudent investors work on the Hong Kong stock exchange, instead. The Beijing sell-off scared the markets for a variety of reasons, one of the biggest being that the Chinese hold an enormous amount of US debt, thanks to our idiocy in running up the deficit again, after finally achieving a balanced budget under Clinton. Any intimation that Beijing might stop or even reduce their buying US bonds scares the NYSE because it would be a big-item "hit".


 o
RE: Market lost 632 billion today....did you peek?

No peeking here. I'm like you, clg7067, I only get concerned when the Dow goes below 10,000. The market seemed overheated lately anyway, it was due for a correction.


 o
RE: Market lost 632 billion today....did you peek?

"The market seemed overheated lately anyway, it was due for a correction."

Well put.

I'm amazed at hom many investors had a screaming buying opportunity served to them on a silver platter last summer, and just waited and waited until November, at which time they said " Hmmm... The DOW was at 10700 in July, and now it's passing 12000. I think I'll buy some stocks now."


 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!


Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.


Learn more about in-text links on this page here