posted on September 24, 2001 09:46:01 AM
CNN has a good article on the market. I was particularly happy to see the following quote:
“Looking at the market from an historical perspective, business weekly Barron's cited statistical data showing that the market is undervalued by 17 percent. The magazine also noted that the market was undervalued by 16 percent in 1998, in the period just before the run-up that followed the resolution of a world financial crisis.”
"Looking at every shock we have sustained since World War I, the trend has been to fall, then rally, and then move on to higher highs,"
posted on September 24, 2001 10:01:00 AM
"What goes up must come down - spinnin' wheel turning round. Talkin' 'bout your brother it's a cryin' shame. Ride a painted pony watch the spinning wheel turn."
Have not even looked at what I hold. Not interested in selling now anyway.
posted on September 24, 2001 10:56:04 AM
More and more affect on the stock market is being had by legions of morons. People now log on and play day trader with their 401ks etc. The stock market didn't fall, it normalized. The same idiots that said "I gotta get me some of that good Internet stuff last year", sold emass because somebody blew up a building. My broker used to laugh like hell at these people buying stock on companies trading at triple what they were worth and said the balloon would burst. Now the people with half a brain and the REAL brokers are buying up stuff artificially low and making a killing.
posted on September 24, 2001 12:09:38 PM
I have about 40% of my 401K in stocks of one type or the other and havent moved or ajusted in the last three years My gains over that time are in 3 and 4 digit range my losses are haven't been that bad in the single and double digit range.
When stocks started falling hard rather then move my investment I took out a loan in which the interest on these loans are paid back to my self.
What I lose in stock drop I should gain back over the year in loan payment interest and company matching input..
I have used this method about 10 years now and it works pretty well..
Moveing your investments around in a 401k more then once every 6 month to a year will lose you more then it gains its better to cover your self by removeing some of the money and returning it slowly pluss interest.
