topic Re: The Market in Community Chat

The Market

QueenDanceALot — Wed, 15 Oct 2014 18:41:47 GMT

is down because of the financial crisis in Europe.

Not everything is about Ebola.

Re: The Market

MomOf4 — Wed, 15 Oct 2014 19:10:46 GMT

Down over 400 points now.

Re: The Market

QueenDanceALot — Wed, 15 Oct 2014 19:11:29 GMT

On 10/15/2014 MomOf4 said:
Down over 400 points now.

Greece is a mess.

Re: The Market

sidsmom — Wed, 15 Oct 2014 20:44:52 GMT

Anyone that's financial savvy would say months & months ago, the Bear Market would make an appearance this Fall. My Financial Advisor made the necessary precautions...since the downturn was predicted.

Re: The Market

QueenDanceALot — Wed, 15 Oct 2014 20:51:25 GMT

On 10/15/2014 sidsmom said:
Anyone that's financial savvy would say months & months ago, the Bear Market would make an appearance this Fall. My Financial Advisor made the necessary precautions...since the downturn was predicted.

I started the thread to say why the market is down, not to bring into question anyone's financial acumen.

Re: The Market

occasionalrain — Wed, 15 Oct 2014 21:05:27 GMT

It's a wonderful opportunity to buy at bargain prices. A very big sale. Stocks are the perfect Holiday gift.

Re: The Market

sidsmom — Wed, 15 Oct 2014 21:12:17 GMT

On 10/15/2014 KittyLouWhoToo said:
On 10/15/2014 sidsmom said:
Anyone that's financial savvy would say months & months ago, the Bear Market would make an appearance this Fall. My Financial Advisor made the necessary precautions...since the downturn was predicted.

I started the thread to say why the market is down, not to bring into question anyone's financial acumen.

Point I was making....it's not current events. Yes, certain events can make the market wobble a bit, but What Goes Up, Must Go Down...it's the law of nature.

Re: The Market

151949 — Wed, 15 Oct 2014 21:42:06 GMT

We jusr got a letter from our finance guy saying to fear not.

Re: The Market

Say Nay — Wed, 15 Oct 2014 21:50:02 GMT

I had to cover my eyes for a while.

Re: The Market

terrier3 — Wed, 15 Oct 2014 21:53:45 GMT

In September I rolled over my old 401k into a Fidelity IRA. I was up 5% on the year.

I remembered that October tends to be a brutal month for stocks and decided back then to wait until mid-November to get back in. It's sitting in a cash account now.

WOW - I made the right call! What a shocker!!!!