The overall market is crazy but I don't care anymore

n748

I started trading stocks almost 20 years ago. I was doing OK until last year's crash.

I kept buying and selling all the way down, waiting for rebound and was sure it would come sooner or later. However, never imagined such a stupid crazy rally of this big, lasted this long. As a result, All my 401K has been in cash position for almost 10 months, since I have been waiting for a significant pullback, or even double dip to test last year's low.

It seems it will never come. That's fine. The problem is that it seems that this market can keep going up forever. Bulls are so resilent that nothing can bring it down.

Now that NAS is very close to its high before this crash. It's very interesting to see that while the main street is still suffering high unemployment. Looking around, I'm seeing friends laid off and more lay-off are coming in our company. but WS is enjoying a bull market which has almost doubled from its lows. NOthing makes sense these days.

I have been trying stay on the sidelines for a long time, knowing that i've missed this rally completely. I guess people like me are people who suffered the most from this rally. It's not easy stay on the side line while the market keeps moving up day by day.

I need to reload my 401K.
I need to reload my IRA.
Besides, I need to re-learn trading stocks instead of index funds in my regular brokage account.

I hate this market. I hate wallstreet. For them, it's just a game to take money from other people, not investment at all. And the worse of it is: this government is doing whatever it can to help them. Right now, a lot of our tax money are going almost directly into those greedy WS people's purses.

joep

I started trading stocks almost 20 years ago. I was doing OK until last year's crash.

I kept buy ...
n748 发表于 2010-3-29 19:42

    Stocks go up not because people do not have jobs but because companies are making money.

n748

回复 2# joep


    Not really. You think company's earning power is as good as it was in 2008? All the problems fixed?

Do you really think that companies were making better money on March 9 09 than they were on march 6, 09 to justify a 6+ points jump? Not to mention the tripling, or 10x in stock prices with same amount of earnings increase.

joep

回复  joep


    Not really. You think company's earning power is as good as it was in 2008? All ...
n748 发表于 2010-3-29 19:56

    Same numbers can be read differently by different people from different perspectives. You are entitled to read your way. Here are the numbers

http://www.nasdaq.com/asp/econod ... eek.asp?cust=nasdaq

joep

Same numbers can be read differently by different people from different perspectives. You  ...
joep 发表于 2010-3-29 20:08

    The link does not quite work. You need to select Mar 26, Corporate Profits.

joep

The link does not quite work. You need to select Mar 26, Corporate Profits.
joep 发表于 2010-3-29 20:11

    All I have said are just my persoanal view. They are NOT suggestions/recommendations to anyone.

sooners

回复 1# n748


   

xiaoyaoxl

就是这样，少数人合法抢钱，多数人suffer，没辙

draguide

First rule and first of all about trading stocks: Make your own decision, and be responsible for it.

n748

回复 9# draguide


Not sure what you mean. It's not a rule, it's just a statement of a fact. You need to make your decision before any trade, no matter it's a good or bad one. You are the only one responsible for it.

Did I say I'm not responsible for my decision, or asks someone to bear the consequence of my decision?

I'm simply saying that I'm hurt by my experience during this unprecedent and hard to make sense rally. There are too many factors I could not foresee. Couldn't I utter some frustration?

Rest assured I'm asking nothing from you, or anyone else.

Timber

Too negative.  本坛某大虾曾说过，That hates the wall street 是loser的心态（大意）。

如果你是投资，那市场的价格变动根本不应该bother you。只要象巴菲特那样，老老实实读报表，认认真真做价值投资，20年下来，收益也不会低。即使不想做功课，那就跟风老巴，也不错。老巴每次进出某股票，大家都是知道的。

如果是投机，那无论MM如何玩转散户，都是正常的。That's the game!  千万不要投机成功就感觉良好，投机失败，就抱怨MM搅乱市场，not investment at all。MM在市场上做的本来就不是investment，是投机。这在入市之前就应该知道。

draguide

Too negative.  本坛某大虾曾说过，That hates the wall street 是loser的心态（大意）。

如果你是投资， ...
Timber 发表于 2010-3-30 11:16

    Good point. Don't blame market for your own fault.

blueocean

回复 1# n748
Yeah, nothing we can help but plan some kind of portfolio.

canada9918

Well, if you can't fight them, join them.