So, gotta ask the obvious.......

[HRBAKER]

[Econteachert205]

Stopped out of my oil position this morning. Pretty much sucked.

[EvilKing00]

I bought a stock today, lol when everyone is selling... Thats when its time to buy.

[Eric72]

Originally Posted by EvilKing00

I bought a stock today, lol when everyone is selling... Thats when its time to buy.

+1...best time to buy is at the tail end of a correction. And this is definitely a correction.

[Peter_Spaeth]

Originally Posted by Eric72

+1...best time to buy is at the tail end of a correction. And this is definitely a correction.

And you know when it's the tail end how?

[Eric72]

Originally Posted by Peter_Spaeth

And you know when it's the tail end how?

I won't; however, will generally benefit over the long term through my (supposedly out-of-favor) buy and hold strategy whereas it concerns purchasing equitable securities.

There is definitely a throw the baby out with the bath water panic taking place right now. Macroeconomics aside, buying opportunities have presented themselves. I, for one, as a bargain hunter, am excited.

Best regards,

Eric

[iwantitiwinit]

Mkt rebound shortly after the open shows there are buyers on the sidelines waiting to put cash to work. They thought prices were low enough despite the expected and eventual late day swoon that was almost a certainty as mutual fund mangers had to place sell orders in the last hour to meet cash needs. This was a result of redemptions placed over the weekend that weren't offset by other intraday buys that might have come in up until 3pm. In the very short term I would expect Tuesdays close to be higher than Mondays regardless of what the early hours hold on Tuesday. As for the rest of the week be careful there will be ramifications from this global 10-20%+ selloff that we haven't seen yet, ie, leveraged etfs not pricing properly and market makers failing to continue to make markets (in other words liquidity vacuums), additional oil/commodity bankruptcies announced, high yield bonds having problems and newly emerging currency devaluations.

I'd be careful to buy too much if market holds, wait a week or two to see how things shake out. If you miss a big bounce so be it, if you avoid a further 10% sell off I think you'll feel better saving the 10% rather than missing 10% bounce.

Just my opinion.

As far as cards prices go I think we see a small pullback but nothing dire.

[Peter_Spaeth]

The few things I have observed about the stock market are that everybody is a genius after the fact, that trying to time it is frequently a recipe for disaster, and that over time a very low percentage of people beat the broader indices.

[Eric72]

Originally Posted by Peter_Spaeth

The few things I have observed about the stock market are that everybody is a genius after the fact, that trying to time it is frequently a recipe for disaster, and that over time a very low percentage of people beat the broader indices.

Peter,

You are overwhelmingly correct with your assessment. Please note that my previous posts within this thread should NOT be misconstrued as investment advice. While my investments comprise a portion of my income, I am not a financial advisor.

Sorry for the disclaimer. Just making sure it is expressly understood that I am not telling anyone to do anything. After all, this is just a message board regarding baseball cards.

Best regards,

Eric

[iwantitiwinit]

Originally Posted by iwantitiwinit

Mkt rebound shortly after the open shows there are buyers on the sidelines waiting to put cash to work. They thought prices were low enough despite the expected and eventual late day swoon that was almost a certainty as mutual fund mangers had to place sell orders in the last hour to meet cash needs. This was a result of redemptions placed over the weekend that weren't offset by other intraday buys that might have come in up until 3pm. In the very short term I would expect Tuesdays close to be higher than Mondays regardless of what the early hours hold on Tuesday. As for the rest of the week be careful there will be ramifications from this global 10-20%+ selloff that we haven't seen yet, ie, leveraged etfs not pricing properly and market makers failing to continue to make markets (in other words liquidity vacuums), additional oil/commodity bankruptcies announced, high yield bonds having problems and newly emerging currency devaluations.

I'd be careful to buy too much if market holds, wait a week or two to see how things shake out. If you miss a big bounce so be it, if you avoid a further 10% sell off I think you'll feel better saving the 10% rather than missing 10% bounce.

Just my opinion.

As far as cards prices go I think we see a small pullback but nothing dire.

Wrong.