The Soapbox

hoolstoptheheels

Joined: 01/04/2001 Posts: 27018
Likes: 34293

What's this?

Yeah, but reacting like this reminds me of the people who sold


on the same notion of uncertainty when Trump was elected. Didn't even take a day for the market to come back and then it was off to the races.

Unless you plan on needing the money soon, IMO this is the exact wrong moment to sell - and I'm not suggesting you won't see an extended sell off if this just drags on. Whether it's this or something else, something will lead to a sell off at some point.

Unless you think a Trump impeachment (still pretty unlikely IMO) would cause us to be blasted back to the stone age, if anything this is a better time to buy. Moments of panic like this, or with what Venezuela has recently been doing to the credit markets - either stand pat, or do a little buying.

Selling into a market dislocation, especially one caused by a sudden news shock - almost always the worst possible thing you can do.

(In response to this post by dajoka004)

Posted: 12/01/2017 at 1:42PM


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Current Thread:
 
  Flynn(Link) -- hooshouse 12/01/2017 11:23AM
  He's happy he didn't work for the Clinton's. Would be whacked already ** -- 757 12/01/2017 11:55AM
  Just like the sex scandals, Dems should be more worried ** -- ConnHoo 12/01/2017 12:05PM
  Honestly, I don't know if this is tic. That's how bad things are ** -- hooshouse 12/01/2017 11:59AM
  It was ** -- 757 12/01/2017 12:03PM
  Richard Nixon is doing a little dance in Hell. ** -- WahooRQ 12/01/2017 11:35AM
  Let the firings commence! ** -- Guy LeDouche 12/01/2017 11:46AM
  ....or, the pardons. ** -- Guy LeDouche 12/01/2017 12:18PM
  No 10-month president has done as much. ** -- hooshouse 12/01/2017 11:38AM
  They have been lying like hell all along. -- Shenhoo 12/01/2017 11:33AM
  It all depends on what Trump directed him to do. ** -- HoosWillWin 12/01/2017 11:40AM
  And what Trump pushed Sessions to do. -- Shenhoo 12/01/2017 11:49AM
  Sentencing delayed -- wahoo138 12/01/2017 11:29AM
  He'll be pardoned. ** -- JMHoo 12/01/2017 11:48AM
  It's about time! ** -- dajoka004 12/01/2017 11:25AM
  #MAGA ** -- hooshouse 12/01/2017 11:28AM
  It is what it is. I'm mostly concerned about my 401k. -- dajoka004 12/01/2017 11:30AM
  S&P off 40 points, but oddly gold only + $11... -- Stimp 12/01/2017 11:34AM
  And just like that, S&P retraces 20 points -- Stimp 12/01/2017 11:41AM
  Will be an interesting battle here -- dajoka004 12/01/2017 11:44AM
  Does the market really care if this president gets impeached or -- KCHoo 12/01/2017 11:47AM
  The market hates uncertainty -- dajoka004 12/01/2017 11:49AM
  Yeah, but reacting like this reminds me of the people who sold -- hoolstoptheheels 12/01/2017 1:42PM
  ðŸ˜‚ ** -- hooshouse 12/01/2017 11:34AM
  Just sold everything. This is going to get ugly. ** -- dajoka004 12/01/2017 11:33AM

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