Finally a buyable pullback.

Butterball · Mar 7, 2012

Quote from cyoungmark:

Hilarious how people wait until a big pullback, when if they would've just bought weeks ago without waiting, they would be way more in the money.

Then (at lower prices) it was 'too expensive'. Now (at higher prices) it's a 'bargain'. Hilarious.

newwurldmn · Mar 7, 2012

Quote from Butterball:

Then (at lower prices) it was 'too expensive'. Now (at higher prices) it's a 'bargain'. Hilarious.

Short gamma and not receiving any theta for it.

1a2b3cppp · Mar 7, 2012

Quote from SteveNYC:

Really? I am surprised.

Why?

ElectricSavant · Mar 7, 2012

One does not trade with a 401K...this is an investor.

ES

denner · Mar 7, 2012

Quote from cyoungmark:

Hilarious how people wait until a big pullback, when if they would've just bought weeks ago without waiting, they would be way more in the money.

This market will destroy the bulls AND the bears before much longer. Very little actual liquidity and heavily dependent upon political decisions/central bank injections.

It's just a recipe for monumental whipsaw and head scratching.

Soon2Bgreat · Mar 7, 2012

Quote from ElectricSavant:

One does not trade with a 401K...this is an investor.

ES

So a one day move of 150bps is a catalyst for a long term decision? Seems equally imprudent imo.

Tsing Tao · Mar 7, 2012

Quote from wiesman02:

I just moved 50% of my 401k from cash to the S & P index. Nobody knows whether this is a good pullback, or the beginning of a sell off. Buy the dips. If we're wrong, oh well.

Yeah, it's just a life savings. No biggie.

:eek:

MKTrader · Mar 7, 2012

Quote from cyoungmark:

Hilarious how people wait until a big pullback, when if they would've just bought weeks ago without waiting, they would be way more in the money.

1) How many weeks ago are you talking about?

2) What would that buy signal have been based on?

I've been in stocks for awhile, but what you said sounds like typical hindsight analysis. "Yeah, you should've invested back in November/December, when stocks were meandering around with no clear direction. We smart guys knew a rally was about to explode..."

A short-term pullback in an uptrend is one of the best times to buy or add positions. However, you certainly need an exit plan. I wouldn't recommend putting your entire 401k into the market now with no plan to take profits or cut losses..

GrandSupercycle · Mar 7, 2012

S&P500 etc daily charts indicate substantial selling ahead.

This says it all...
DOW weekly chart as of Feb 22
http://stockmarket618.files.wordpress.com/2012/02/2012-02-22_dowwk2.png

cyoungmark · Mar 7, 2012

Quote from MKTrader:

1) How many weeks ago are you talking about?

2) What would that buy signal have been based on?

I've been in stocks for awhile, but what you said sounds like typical hindsight analysis. "Yeah, you should've invested back in November/December, when stocks were meandering around with no clear direction. We smart guys knew a rally was about to explode..."

A short-term pullback in an uptrend is one of the best times to buy or add positions. However, you certainly need an exit plan. I wouldn't recommend putting your entire 401k into the market now with no plan to take profits or cut losses..

I bought months ago in early december figuring that the whole european scenario was old news. I can show you statements. I bought BAC a couple nickles above $5. You could've bought any time since then based on valuations. Actually the most profitable times are not to buy in an uptrend fyi but if your making money, then it makes no difference.