[Main General Bulletin Board | BBFAQ | Prev by Date | Next by Date | Post Followup ] Member Login / Signup - Members see fewer ads. - Latest Member Gallery Photos Now is not the time............ Like This Post: - Subscribe to Daily Digest for this Bulletin Board Posted by Herb Hirsch [Email] (#114) [Profile/Gallery] (more from Herb Hirsch) on Thu, 18 Sep 2008 15:56:54 In Reply to: OT: Horrid stock market: Time to buy or wait?, Caarma [Profile/Gallery] , Wed, 17 Sep 2008 23:11:37 Alert me when someone posts in this thread: Members do not see ads below this line. - Help Keep This Site Online - Signup

Now is not the time to do anything different. Any action taken because of what the market does from one day to the next has very good odds of failing to meet your goal. Today, with no advance notice, the market (DJIA) went up 410 points. While this 3.86% increase seems good, many solid and sound companies did better. An example is PNC, a large regional bank; it went up 9.78% and hit it's high for the last 52 weeks.

The DJIA is an average made up of 30 very large companies. It is not the holy grail of information regarding what is going on.

Stick to your long term investment strategy. Long term stock appreciation averages are in the 14% range. Small versus medium versus large cap equities are slightly above or below this metric and generally have greater risk and volatility that accompanies those with greater long-term performance.

Stock selection should be based upon a rational analysis that considers many measurements and performance criteria, and your personal goals. A decision to sell should be because your goals have changed or your stock's performance has not or cannot meet the criteria you’ve established.

A decision to sell should be the execution of a though-out exit strategy you established when you bought the stock. A 500 point drop in the DJIA is a lousy reason to sell a perfectly good stock.

• OT: Horrid stock market: Time to buy or wait?, Caarma , Wed, 17 Sep 2008 23:11:37
  • Re: OT: Horrid stock market: Time to buy or wait?, turrbo , Fri, 19 Sep 2008 21:38:08
    • Stay away from those..agree with TKC..., Dave B 89 900s Auto, Sun, 21 Sep 2008 07:48:15
    • I just dabbled a bit with a couple of grand, Caarma , Sat, 20 Sep 2008 10:28:22
    • Ah yes, the young and the brave....., TKC, Sat, 20 Sep 2008 06:20:39
  • 400 point upmove today should take the Dow to..., Dave B 89 900s Auto, Fri, 19 Sep 2008 02:36:49
  • Now is not the time............, Herb Hirsch , Thu, 18 Sep 2008 15:56:54 <-- Viewing This Message
  • Better question is how and when to get out and, steve, Thu, 18 Sep 2008 10:18:26
    • Re: Better question is how and when to get out and, Caarma , Thu, 18 Sep 2008 10:27:00
  • Sit tight, things are still all over the place...., TKC, Thu, 18 Sep 2008 06:19:26
  • Re: OT: Horrid stock market: Time to buy or wait?, EGD , Thu, 18 Sep 2008 03:34:06
    • Retire....Hah! (long), philB, Fri, 19 Sep 2008 07:16:57

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