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Get Your Money out of the Market (3 Viewers)
- Thread starter LHUCKS
- Start date
Good Posting Judge
Footballguy
Shouldn't the subtitle be changed to "TBA"?
Mr. Pickles
Footballguy
GunZ desperate to transfer his rep on to some other mope. Not so fast.
The Ref
Footballguy
Nope. You couldn't pay me to short the market here. The trend is to stong to the upside.Now at some point the whole "fiscal cliff" is going to come into play and there will be a great short opertunity, but the S&P could go to 1600 before that happens.
Mr Two Cents
Footballguy
LHUCKS is correct his timing is off. 
It will be worse than 2008. 
Keep your powder dry.
It will be worse than 2008. Keep your powder dry.
drummer
Footballguy
New HUCKS alias?LHUCKS is correct
Mr Two Cents
Footballguy
The FED is your enemy, for real.
Gr00vus
Footballguy
I'm not saying short the market - I'm saying close out some winners and take some profits if DOW gets near 14k. That should be a while from now - unless hucks tells us to "sell today" tomorrow. Then we probably need to double down.
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Mr. Pickles
Footballguy
Okay.. NOW.
Hear-the-Footsteps
Footballguy
BEST?!?!The Dow is currently at 13,625. Up 628 points since your post on 9/4.So in just under 8 business days, the market is up over 4.8%, since you said it would be dropping.I have no problem with people making predictions. But perhaps you should stop patting yourself on the back (ie, using the word "best" to describe your thread/call) when people would have been very well off to do the exact opposite of your suggestion.I am not saying the market won't come in. I am simply pointing out that had you followed your own advice and moved everything to the sidelines the day you made this call, you would not have enjoyed a near 5% gains to your overall portfolio.Nice to have a few bears on board...welcome to the best thread in this forum.
Good Posting Judge
Footballguy
Guys...the market IS going to drop. Someday.
Hear-the-Footsteps
Footballguy
That's the problem with a thread that says get your money out. At some point, he very well may be able to come in and say see - it's down. That's why, in my opinion, you need to say what you foresee. Ex: Down in the next week? The next month? From now through election? From now through end of year? From now through a year from now?The market goes up; the market goes down. Without substance, it is sort of like saying this coin will be a Tails when I flip it. Then the next day it is a Heads, then again the next day, then the next. And finally, it will be a Tails.
Politician Spock
Footballguy
The beach grows bigger before the tsunami hits.
Ursa M
Footballguy
For those with a 401k mostly invested in stocks and a five year+ time horizon, are you going to let it all ride if there is a major drop in order to be able to buy cheap at the bottom in anticipation of the rise on the other side? I did last time and it's paid off very well. However, I'm about eight years or so away from likely having to tap into my 401k so I'm interested in what people in a similar situation to me are thinking. Shift most of it out to money markets? Ride the train? Something in between?
IvanKaramazov
Footballguy
My plan is to sell all my stocks when the market hits its peak, and then buy back in when it hits bottom. (In all seriousness, most people who tried doing this in 2008 got murdered, whereas people who just sat tight did fine).
Ursa M
Footballguy
Pretty much my take too. I guess the main thing is how long a major slump would last. For people with 20+ years it really doesn't matter but as the time horizon shortens, it does.
Gr00vus
Footballguy
If your window really is that short (less than 5 years or so) and you're counting on that money, you probably shouldn't be heavily invested in volatile securities. Start diversifying your portfolio accordingly. Problem is, rates suck, and might get even worse if the Fed is to be believed, so you'll have to get a little creative. The other pro finance heads on this board can probably steer you to some specific investments (municipal bonds, solid stocks that pay good dividends, etc.).
even though this is all fake, how much money would LHUCKS have lost if he took all his money out and put it into a 3x inverse index ETF at the time?
how many boatloads we talking?
how many boatloads we talking?
Limp Ditka
Footballguy
Hopefully enough to make him not be able to afford his internet connection.
IvanKaramazov
Footballguy
Gr00vus
Footballguy
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Buck Bradcanon
Footballguy
Should buy puts instead, IMO.
Good Posting Judge
Footballguy
He's made 7 football picks in the wagering thread, including one for two units and one for four units.Here's the list of the ones he got right:
Dentist
***Official FBG Dentist***
ok, there's one thing to do this with football picks... very few people actually bet on football.But most people have a 401k/IRA or some money invested somehow in the market.And even if you thought the guy was crazy, it might make you second guess your investment plan, revisit things, maybe read some other permabears out there.. and just maybe affect your investing plan.So it's dangerous advice when it comes so strong... GET OUT TODAY... that incites panic and can cause problems.. it's not cool really.What if Cramer went on TV and did the same thing like he did in late 2008? Guys with larger scopes of influence can cause selloffs.I'm not comparing Cramer to LHUCKS.. that's not fair to Cramer... but when you make a panic inducing statement like that... you'd better be right because the consequences are much worse than just thinking it, acting on your own accord, but never saying it.
John Bender
Footballguy
The guys a troll who seeks out negative attention due to something that likely happened in his childhood. Anyone who's been around here for more than a week knows better than to take any advice he's given.Just do the opposite of anything he ever says and I think you'll make out well in life.
yeah, lucky you.
Leroy Hoard
Footballguy
Good Posting Judge
Footballguy
I agree with you 100%, and thankfully I don't think anybody's really taking the guy seriously. But regardless of LHUCKS' history on this board, if you make a financial recommendation, be it "get your money out of the market today" or "bet on the packers this weekend", it's extremely pooor form to advocate doing something and not doing it yourself.
Leeroy Jenkins
Footballguy
Making a claim like that, where he purports to be an expert or an insider, and then to offer advise that is horrible is borderline criminal and should at least result in a permaban from here.
BoltBacker
Footballguy
"YES!" ~ Matt Leinart
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
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Insoxicated
IT'S LIKE CHRISTMAS IN SEPTEMBER!!1!
Mr. Pickles
Footballguy
THANK YOU LHUCKS
bentley
Footballguy
This may be irrelevant, but I've met a lot of strategists over the last 15 years and a lot of them are morons and a lot of them are geniuses and I've never really noticed much of a difference based upon their Fortune 50/100/500/1000 level.
LHUCKS
Footballguy
All of my money is out, has been since I posted this thread. Will be through the end of the election.You guys are treating this thread as if it were day trading advice.
LHUCKS
Footballguy
Where did I say the time horizon is 3 weeks?
bentley
Footballguy
Plenty of morons are highly educated. It wasn't a personal attack, just a general statement.If morons go to top 10 MBA schools.'bentley said:
Mr. Pickles
Footballguy
TODAY
LHUCKS
Footballguy
I don't disagree witht that. Didn't take it as one.Plenty of morons are highly educated. It wasn't a personal attack, just a general statement.If morons go to top 10 MBA schools.'bentley said:
Gr00vus
Footballguy
Who pays attention to subtitles? If you'd have gone to a top 10 MBA school, you'd know subtitles are for suckers and painfully earnest art house movie doad schlarvers (one and the same really).
Binky The Doormat
Footballguy
Getting your money out of the market is kind of like no decision - is a decision. Do we mean bonds here? I mean holding a bond - not a bond fund. Do people really pull out there money and put them into 0.5% or so CDs from the local banks. TIPS? I would be ok with that but the deal is that anyone with enough time to recover needs to just stick around. Why not just go with Buffett and pick up Berkshire?
tommyGunZ
Footballguy
Right here:
Fennis
Footballguy
what changes at the election?
Politician Spock
Footballguy
Every day is like Russian roulette in this market.
Day after day the "winners" will continue to say "Look, we won again today!"....
until one day.... BLAM!!!
Day after day the "winners" will continue to say "Look, we won again today!"....
until one day.... BLAM!!!
Dentist
***Official FBG Dentist***
please define your time frame then.you also didn't say 50 years, but I hope I don't remember this thread in 50 years to check back in either... and if the dow is still at 13K in 50 years then maybe I will still be on here posting because I'll still be grinding it out at work.'LHUCKS said:
