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cwlawrence (83.63)

7528.40

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2

February 03, 2009 – Comments (5) | RELATED TICKERS: HTM

I dunno if we will even hit it, but if we do I don't know what I'll do...

... Half of the things I read, here and elsewhere, are DOOMONOMICS and the other half are looking for values and betting on a brighter future. Both have been right so far...

My real-life portfolio is still down (and massively at that) but it should hopefully continue to yeild better than most low-risk investments. I don't have much extra cash to invest and I will have to start paying off a big college loan in two years, but I do have time on my side...

I just wonder if I would do better to cash out for a year and do just as well in five...

As for CAPS, well, that's down too. But it will be up one day, maybe not the best, but good enough for me.

5 Comments – Post Your Own

#1) On February 03, 2009 at 9:54 PM, swingtrader930 (83.14) wrote:

There is a strong likelihood that you will see 7528 again.  There is tremendous downward force in the market right now.  Right now we are sitting on support of 2002 previous lows.  It has been holding up for the past 2 and 1 half months.   With such downward momentum the market can not hold this floor much longer.   A move will have to be made.   There are no guarantees but it will most likely be down.  Before we can move forward again for the long term the market has to shake out all the weak hands.  The only way for that to happen is to crush the old 2002 lows.  When that happens decisively we will get a turn around.  http://www.trendingtimes.com/

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#2) On February 04, 2009 at 1:29 AM, awallejr (79.38) wrote:

Since you do have time on your side, just keep averaging in. Make sure you spread your risk over non-overlapping stocks. Don't worry about the week to week action.  Baring any major catastrophe at this point, it is posible stocks may wander lower from general malaise, but decades from now the trend is up.

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#3) On February 04, 2009 at 7:26 AM, BradAllenton (38.65) wrote:

(http://moneycentral.msn.com/investor/charts/charting.asp?iax=1&Symbol=%24INX)

The trend is up?

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#4) On February 04, 2009 at 5:20 PM, awallejr (79.38) wrote:

Yes, "decades" from now the trend will still be up.  While actually showing the last 8 years from that chart shows breakeven, it doesn't factor in dividends.  And take the charts back to 1929.

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#5) On February 04, 2009 at 9:28 PM, swingtrader930 (83.14) wrote:

If you take the chart sited in comment #3 back to 1950, the market over the last 10 years has formed a double top.  It would suggest the market has topped out.   Over the next 10 years any number of long term patterns could develope.   But in the near term it wouldnt seem like an abrupt turnaround is likely.

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