Black Friday in the Stock Market?

Discussion in 'The Tiki Bar' started by Creekwood, Feb 9, 2018.

  1. Creekwood

    Creekwood Well-Known Member GOLD Sponsor

    Apr 26, 2009
    Oakville and Georgian Bay, Ontario
    '97 330 Sundancer
    2X 454 w/ vDrives
    Anyone going on a shopping spree for bargains?
     
    dtfeld likes this.
  2. blaster

    blaster Active Member SILVER Sponsor

    May 23, 2011
    potomac river
    2010 sea ray 205 sport
    F150 5.4 xlt 4x4
    Mercruiser 4.3 mpi alpha 1.62
    GE is dropping towards my buy order.
     
  3. Gofirstclass

    Gofirstclass Well-Known Member GOLD Sponsor

    Apr 20, 2010
    Tri Cities, WA
    1995 550 Sedan Bridge,
    2010 Boston Whaler 130 Super Sport,
    1981 Boston Whaler 130 Sport,
    CAT 3406C's, 580hp.
    Usually I'm going the wrong direction when the market makes big moves. This time I had stop orders in before the market started tanking. I got out of all positions with very little loss.

    Sitting on the sidelines Mike
     
  4. Creekwood

    Creekwood Well-Known Member GOLD Sponsor

    Apr 26, 2009
    Oakville and Georgian Bay, Ontario
    '97 330 Sundancer
    2X 454 w/ vDrives
    I did nothing yet (meaning I rode the plunge downward), but I was defensive and holding too much cash equivalents over the past couple years. Time to deploy some capital methinks.
     
  5. JVM225

    JVM225 Well-Known Member

    Apr 8, 2008
    Farmingdale, NY
    2002 410 Sundancer, Monaco Edition.
    3126 Cats.
    I’m a long term guy so I ride the waves.
    Investing excess funds on a regular basis through up and down markets and not planning on taking it out until I have to and then taking it out the same way it went in.
    Been doing it for about 35 years now and it’s gotten me through black Monday, the tech bubble, the 2008 debacle and several corrections along the way.
    On a regular basis, regardless of where the market is as a whole, I’ll sell individual problem stuff and buy something else that I think is set to do better in the long term.
    I leave timing of the markets on a broader basis to the guys who do that for a living.
     
    northshore and LG111 like this.
  6. Great Lakes

    Great Lakes Member SILVER Sponsor

    56
    Oct 11, 2016
    MacRay Harbor (Michigan)
    2005 390 Sundancer, GHS Swim Platform, Bow/Stern Thrusters, Tracvision, Twin E120 w/ Autopilot
    8.1HO
    I'm with you JVM. I just keep maxing out all my accounts year after year. This correction period is almost relieving in a weird way. We all knew it was coming. The market got rid of some of the fat and now it'll be back on the upswing. Slow and steady boys
     
  7. Jaybeaux

    Jaybeaux Member SILVER Sponsor

    115
    Jan 3, 2016
    Upper Potomac River
    420 Sundancer 2004
    Naught On Call
    Cummins 6CTA-8.3's with V-Drives
    9KW Onan Genset
    20180213_070423.jpg
    Interesting graphic on CNBC this morning.
     
  8. northern

    northern Active Member

    Jan 17, 2007
    West coast Vancouver to Alaska
    380 Aft Cabin 1989 GPS and Charts by Nobeltec
    Twin 454 strait shaft
    Sad for those that borrowed to invest. One feels that this sort of thing is intended to keep the regular focks poor and working.
    As Jed Clampett said "Don't put all your eggs in one basket"
     
  9. northshore

    northshore Well-Known Member SILVER Sponsor

    Jan 17, 2011
    Cleveland, OH
    1989 340 Sundancer
    Raymarine E90W Radar/Chartplotter
    Twin 454 Mercruiser 340's
    Falling knife. As much as I would like to buy GE, my guess is it will be split up and sold.
     
  10. northshore

    northshore Well-Known Member SILVER Sponsor

    Jan 17, 2011
    Cleveland, OH
    1989 340 Sundancer
    Raymarine E90W Radar/Chartplotter
    Twin 454 Mercruiser 340's
    Every time I hear of someone doing that I cringe. A little liquid nest egg (savings account) is the absolute minimum to get you through rough waters. If everything is going great (job is solid, bills all caught up), raid half of that and do some investing! CNBC had an article out about a large chunk of the country, if they ran into a unexpected $1000 bill for whatever, would have to borrow or put that bill on a credit card due to having no savings. My concern would be these are the same people that would mortgage their houses to get in to bitcoin. :eek:
     

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