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Stock Market Correction

February 8th, 2018 at 06:11 pm

Received a Mr. Rebates check for $21.11 and deposited into my Capital One savings.

Now, onto the stock market and the craziness of the last few days. All I can say is "Finally!" Then I say, "Oh no.... okay don't worry". (I mean, what good does that do?) But really, as of today, the Dow is back to where it was in early December. Is that really a correction? So it's down 10% but it was crazy high. A lot of my stocks are still closer to their 52 week highs than the 52 wk lows. I love a good sale, but it needs to go lower before I take advantage by buying. What do you guys think?

5 Responses to “Stock Market Correction”

  1. creditcardfree Says:

    I don't time the market, so we just keep auto investing each month...same amount, same time. But it would still be considered a sale compared to where it was earlier in January. But yes, you were probably getting even lower prices a year ago.

  2. Dido Says:

    You are absolutely right--this just takes us back to where we were 3 months ago. If you look at a chart of the Dow Jones Industrial Average zoomed out to the one year level, you can see that it started to spike (very steep slope upwards) on December 22, when the tax bill was signed, and it remained that way until last Friday. We're just correcting the exuberance about the tax bill. Fundamentals are strong--what everyone says caused the spike was GOOD NEWS on the jobs report. Fewer people unemployed, wages moved up a bit, and that combined with a new and untested Fed Chair (tho he was Janet Yellen's right-hand man) makes people wary about interest rate spikes and inflationary pressures. But the Fed has been very clear about what it intends to do and over what time frame. Just a correction.

    As for buying, I'm with CCF. DCA (dollar cost average) into what you want to buy and also make sure to rebalance at least annually.

  3. PatientSaver Says:

    I've avoided looking at my balance and am just sitting tight. I might like to invest more at some point, but I'm not sure we've hit bottom. As Dido said, we're just at about the point we were at 3 months ago.

  4. Buendia Says:

    I do what creditcardfree does - just autoinvest every month. I try not to track too much because things go up and down. I am in it for the long haul...

  5. rob62521 Says:

    We look at the market, but try not to get too upset or too excited.

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