stock market was up today...

#9,051
#9,051
People sitting around me at work are trading big brain stock tips. Right now the hot gossip is selling stock funds to buy bond funds. And getting out of long term retirement funds and into short term ones. One woman actually owns a 2020 retirement fund and she is under 50. If you guys have any questions for them I’ll be happy to pass them along and let the oracles mull it over.
 
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#9,052
#9,052
DancingOutlaw said:
People sitting around me at work are trading big brain stock tips. Right now the hot gossip is selling stock funds to buy bond funds. And getting out of long term retirement funds and into short term ones. One woman actually owns a 2020 retirement fund and she is under 50. If you guys have any questions for them I’ll be happy to pass them along and let the oracles mull it over.
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Ask them if they know what happens to bonds when interest rates rise.
 
#9,056
#9,056
1972 Grad said:
There is nothing that he could do that would satisfy you morons, outside of shooting himself while on air.
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Well this moron has been on the sidelines of the markets since last summer, save my 401K. But, yeah, I support your suggested course of action. ;-)
 
#9,058
#9,058
14527192-15839570541553485_origin.png
 
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#9,060
#9,060
Orange_Vol1321 said:
Princess cruises is suspending all global operations. Took Carnival, which owns Princess, to 18 a share.
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Definitely have to wonder if Carnival is a going concern at this point. Royal Caribbean as well. The stocks are trading like Bear Stearns and Lehman did before they blew up.
 
#9,061
#9,061
American shale industry just took a big hit. Russia/Saudi oil production increase while demand for oil is low.

Not good
 
#9,062
#9,062
MontyPython said:
Well this moron has been on the sidelines of the markets since last summer, save my 401K. But, yeah, I support your suggested course of action. ;-)
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As astute as you are, I am surprised that you didn't stay invested and sell out until Feb. 10 of this year. You could have made an extra 10% from last Summer until then.
 
#9,064
#9,064
1972 Grad said:
As astute as you are, I am surprised that you didn't stay invested and sell out until Feb. 10 of this year. You could have made an extra 10% from last Summer until then.
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Did you sell on Feb 10? I was not as astute as you. I did get on the sidelines after one rebound last fall to a local maximum and locked in my ROI on the year. I saw the rapid run up and said “nope!”. Two weeks ago I was an idiot. Today I’m a genius. If you sold on Feb 10 you’re a Supra genius!
 
#9,065
#9,065
NorthDallas40 said:
Did you sell on Feb 10? I was not as astute as you. I did get on the sidelines after one rebound last fall to a local maximum and locked in my ROI on the year. I saw the rapid run up and said “nope!”. Two weeks ago I was an idiot. Today I’m a genius. If you sold on Feb 10 you’re a Supra genius!
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Nope. I'm riding it out. I'm in this for the long term.
 
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