Spooz down 30%

[stock_trad3r]

from 1565 to 1100...a 30% decline in one year. All the gains made between 2004-07 gone. Only 2003 gains remain.

just amazing. I don;t even remember the last time the spooz was below 1200. Seemd like so long ago.

I could have never imagined it being so severe. The dotcom selloff was 50% and that was valuations were much higher and there were negative GDP quarters.

 

[nonlinear5]

Quote from stock_trad3r:

from 1565 to 1100...a 30% decline in one year. All the gains made between 2004-07 gone. Only 2003 gains remain.

We are actually back to the 1998 levels on the SPX. 10 years, a lot of pain, and no gain (except the dividends).

 

[Daal]

I'm amazed you didnt got killed on BIDU. it should be down much more than it is

 

[candles]

didn't you promise to stop posting here ages ago?

 

[crgarcia]

Quote from stock_trad3r:

from 1565 to 1100...a 30% decline in one year.

What it tells you?

A screaming long term buy.
Load up on those leveraged ETFs, stop trying to pick an exact bottom, go to sleep and wake up in 2 or 3 years.

 

[Clubber Lang]

Quote from stock_trad3r:

I don;t even remember the last time the spooz was below 1200.

Probably because you were only ten years old back then (3 years ago).

 

[Sky123987]

Quote from crgarcia:

What it tells you?

A screaming long term buy.
Load up on those leveraged ETFs, stop trying to pick an exact bottom, go to sleep and wake up in 2 or 3 years.

this is what I'm saying. But oh geez, it just gets more and more painful to hold long. I'm a long term believer in the 8% / yr appreicate of stocks, but wow does it get painful I hope I don't convince myself to sell at the bottom.

 

[staffpro]

Quote from Daal:

I'm amazed you didnt got killed on BIDU. it should be down much more than it is

i think bidu lost most of it's value as with all chinese adr's because the CHINESE stock market is not off just 30% like the spooz it is off a whopping 62% from october highs, i think THAT is a buy.

 

[achilles28]

Quote from Sky123987:

this is what I'm saying. But oh geez, it just gets more and more painful to hold long. I'm a long term believer in the 8% / yr appreicate of stocks, but wow does it get painful I hope I don't convince myself to sell at the bottom.

Why not throw a 200 Moving Average on a Monthly Chart and just buy or short the breaks?

That way you make money on the way up and down....

 

[crgarcia]

Quote from Sky123987:

this is what I'm saying. But oh geez, it just gets more and more painful to hold long. I'm a long term believer in the 8% / yr appreicate of stocks, but wow does it get painful I hope I don't convince myself to sell at the bottom.

Just ask yourself:

How much may I gain, and how much may I risk?

Let's say you expect the S&P to go back to 1550 (about highs), in a few years.
Now it's 1050, 500 points below, almost 50% profits.

How much can you risk? 20%?, 30%? even risking 35% to get 50% looks like the deal of a lifetime to me, so I'm going for it.