Chap, Topper, SF: Wtf is going on with the S&P 500?

Epicurus

Epicurus

Reasonable
And should I put some money in Vanguard's index fund that mirrors it or should I wait for it to go down more?
 
Epicurus said:
And should I put some money in Vanguard's index fund that mirrors it or should I wait for it to go down more?
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Man, from the end of '07 to the end of '08 I lost 35% in the Vanguard 500 Index Fund. Probably not that disimilar to many other investors though. (Sorry doesn't help answer your question but just had to vent since I got my statement a few days ago.)
 
I think your a young guy right. If you don't need the money in the next 5 years and won't shit your pants if it goes down 40 percent now is the best time to buy it in the 25 yes i've been buying it. Couple things 66 percent of professional managers can't beat it. And studies show she the or is future gains are high. I saw this chart about 5 years ago and got out when the or was 20 ish and now I'm bad in it's 10 ish. I only have a couple hundred thou in it as being an old fart now I'm scared into diversifying.
 
cawacko said:
Man, from the end of '07 to the end of '08 I lost 35% in the Vanguard 500 Index Fund. Probably not that disimilar to many other investors though. (Sorry doesn't help answer your question but just had to vent since I got my statement a few days ago.)
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Yeah dude look at this bs on my statement.

Vanguard 500 Index Fund Investor Shares (VFINX)

Price as of 02/25/2009 $70.73

Change –$0.74 –1.04%

SEC yield as of 02/24/2009 3.03%

52-week high 05/19/2008 $131.67

52-week low 02/23/2009 $68.72

Range $62.95 (91.60%)
 
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Average in.
Cawacko I stopped worrying when the 401k loss hit 250,000 and it's down way more now.
 
Man, that sucks.

I really need to get in on some of that.

I dunno though. Imagine if someone invested in the S&P 500 just as soon as the stock market bottomed out in 1932? Imagine how badass that would be. I just can't say this is as bad as it's going to get. I hope not. :cof1:
 
Nobody gets rich buying when people are all jaded up about stocks. Getting in after the typical 30 percent recession rebound could cost you young guys the best buy in decades.
 
But then again, maybe it's not a matter of when you shoud get in, but a matter of IF you get it in at all. Maybe trusting your money to bunch of greedy and stupid MBA types is never wise.

Single point of failure?
 
AssHatZombie said:
But then again, maybe it's not a matter of when you shoud get in, but a matter of IF you get it in at all. Maybe trusting your money to bunch of greedy and stupid MBA types is never wise.

Single point of failure?
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It isn't really a "managed" portfolio. It's built to track the rise and fall of the S&P 500 - the market itself.
 
Watermark said:
It isn't really a "managed" portfolio. It's built to track the rise and fall of the S&P 500 - the market itself.
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Entire markets do collapse. Even in a diverse portfolio, all stocks could be bad. It's like having a diversity of shit logs to choose from. Who values that? Stupid people value diversification amongst logs.
 
Epicurus said:
And should I put some money in Vanguard's index fund that mirrors it or should I wait for it to go down more?
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Wait... The Dow just went through a MAJOR techincal breakpoint, that is giving a very bearish signal. The S&P thus far is holding. But if it closes at or below 740, it too will give a major techinical bear signal. If this happens, we could see another 15-20% decline before reaching the next support levels.

The market is not trading on fundamentals right now. It is trading on investors emotions (predominantly fear) due to what is happening with the financial sector and the potential for us to fall into a deflationary spiral.

If you see the S&P hold up and the Dow breaks back above 7470 then you can look to put money to work in the market.

So bottom line, we are sitting on the edge right now. How long we sit on the edge is anyone's guess.... but once we get the signal we are likely to break hard one way or the other.
 
AssHatZombie said:
You mean speaking in english. Some poor people do speak in english. That's true. But how is that relevant to the stupidity of the bubble market, wooops, I mean stock market?
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means if you don't but stocks at all It's much harder for you to get wealthy. thanks all
 
Superfreak said:
Wait... The Dow just went through a MAJOR techincal breakpoint, that is giving a very bearish signal. The S&P thus far is holding. But if it closes at or below 740, it too will give a major techinical bear signal. If this happens, we could see another 15-20% decline before reaching the next support levels.

The market is not trading on fundamentals right now. It is trading on investors emotions (predominantly fear) due to what is happening with the financial sector and the potential for us to fall into a deflationary spiral.

If you see the S&P hold up and the Dow breaks back above 7470 then you can look to put money to work in the market.

So bottom line, we are sitting on the edge right now. How long we sit on the edge is anyone's guess.... but once we get the signal we are likely to break hard one way or the other.
Click to expand...

Craziness. Thanks for the advice man. I'll keep an eye on where the S&P closes today.
 
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