I feel that this a stock market correction.
Market been correcting itself for the last six months plus. Its a scary place to be with oil, China, and interest rate increaseI feel that this a stock market correction.
I think the valuation numbers speak for themselves.
http://www.gurufocus.com/stock-market-valuations.php
http://www.gurufocus.com/shiller-PE.php
We are in a stockpicker's market and not buy the index phase.
For those retired, don't panic. What goes down generally goes up.
Look at the net outflow of money from 401ks and retirment funds... Hint, boomers are retiring, funds are having to liquidate assets, retirees get scared and pull out more assets causing more fear and panic, people expecting to retire do the same....more panic more fear...
I hope you are averaging down cause DOW will probably hit somewhere in range of 12-13k by my estimate.
You think I am estimating to high and it will be lower?I hope your low estimates are wrong.
''This is NOT a repeat of the Great Recession in 2008. Low oil prices should have a stimulative effect on the economy, plus all this turmoil in the markets will keep the Fed on hold. We were overdue for a correction, but I predict the market will return before the end of the year. Oil stocks are a great buy here.
My advice is to go on vacation and don"t look at the stock market!
Looks like 2016 is off to a great start for deploying my Roth contribution. I like blue chips, I love blue chips on sale. I probably have 10 years until retirement so this is really good timing for me.
For those retired, don't panic. What goes down generally goes up.
My advice is to go on vacation and don"t look at the stock market!
I am doing monthly contributions to a blue chip fund since last year in my Roth, I have 5 years until I retire.
You are on vacation what are you looking at the stock market for? lolWhat's a good Blue Chip Fund that all of you have been picking for your Roth. I'm 13 years from retirement.
I suppose if you are close to retirement this would be a concern, though you really shouldn't have so much in the stock market if that is the case. Being properly diversified would insulate one from big downturns like this when so close to needing the money. What wiped out a lot of peoples retirement funds in 2008 was that they had too much invested in stock or even too much in their own company that went belly up.
If you are relatively young and dollar cost averaging, I say keep doing it and don't look at it. I haven't even had the time to look at my 401K balance in a long time and didn't know the market was down until I saw something about it yesterday.
I think the valuation numbers speak for themselves.
http://www.gurufocus.com/stock-market-valuations.php
http://www.gurufocus.com/shiller-PE.php