I’m starting to think now might be a good time to wait and see if this market starts correcting itself/going down. Just seems like it will be difficult to sustain the tear it had been on.
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Originally posted by Charles View PostI'm hoping for another March correction like last year. Than it will be a buying spree.Originally posted by Kevin View PostThat wasn’t a market correction.Originally posted by gingib View PostCorrection?
Afraid that's not a good term
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Are we headed for another? I just can’t see it keep going up? It has always cycled up and down every few years. The dip last March seemed out of the ordinary since it was triggered by the covid scare and all the uncertainty that brought but when you look at all the other dips there always seems to be a trigger that sets them off.
It is amazing to me the SM came back up so quickly after the covid crash this last March. I thought it would take a lot longer to climb out of that hole and heck it just blew right past it and kept going!
I personally have put quite a bit of my investments in cash over the last couple of months. I am trying to decide what I will do next at my age I need a little less risk and protect my savings as much as grow it.
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Originally posted by Killer View PostAre we headed for another? I just can’t see it keep going up? It has always cycled up and down every few years. The dip last March seemed out of the ordinary since it was triggered by the covid scare and all the uncertainty that brought but when you look at all the other dips there always seems to be a trigger that sets them off.
It is amazing to me the SM came back up so quickly after the covid crash this last March. I thought it would take a lot longer to climb out of that hole and heck it just blew right past it and kept going!
I personally have put quite a bit of my investments in cash over the last couple of months. I am trying to decide what I will do next at my age I need a little less risk and protect my savings as much as grow it.
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Originally posted by Charles View PostI've been taking profits too in preparations for another correction. Once the correction hits, I'll go on a shopping spree.
BUT I will not do this on OIL. Oil with this administration is here to keep going up.
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Originally posted by gingib View PostI may do this also soon. I am up 100-200% on alot of my portfolio over 365 days.
BUT I will not do this on OIL. Oil with this administration is here to keep going up.
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Originally posted by Charles View PostI have done well with CVX and DVN. I have taken profits. When another correction happens I will be able to buy more then I originally had.
I may sell a few that I think are near their cap based on previous performance or who have soared and soared and who I feel may be near the top. And take my profits and reinvest into stuff with more room to grow and explode
Timing the market is a lose lose situation. Time in the market, beats timing of the market
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