8/18 Dow down 400+, trying new 401k strategy

  • Thread starter Thread starter moejoe15
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    Strategy

Where do you think the DOW will be in the next few months?

  • 14000

    Votes: 1 12.5%

  • 13000

    Votes: 1 12.5%

  • 12000

    Votes: 3 37.5%

  • 11000

    Votes: 2 25.0%

  • 10000

    Votes: 2 25.0%

  • 9000

    Votes: 3 37.5%

  • 8000

    Votes: 1 12.5%

  • double dip recession is coming

    Votes: 5 62.5%

  • no double dip recession

    Votes: 2 25.0%
  • Total voters
    8
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moejoe15
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I've been contemplating a new 401k strategy since I pulled out a couple weeks ago. As I write this the DOW is down to just below 11000 again. Trying to call a bottom is dangerous but I find it hard to believe it's going down much lower than that. Luckily I sold out when it was around 12000 and avoided a coronary.

I've been thinking about getting back in on down days 10% at a time. I just moved 10% back this morning which gives me 9 more down day moves. Anybody want to comment on this strategy and where they think the market is headed in the next few months or on a new recession?

Oil has been good to me the last couple months with my personal stocks. I've bought and sold BP 5 times making 3% plus each time. The easiest way to fight the cost of gas is invest in oil and BP is a bargain. I wish I had bought it when it was at its bottom.
 
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moejoe15 said:
I've been thinking about getting back in on down days 10% at a time. I just moved 10% back this morning which gives me 9 more down day moves. Anybody want to comment on this strategy and where they think the market is headed in the next few months or on a new recession?

If you are able to purchase stocks for less than you sell them, then you will make money. If you continue this strategy you will make infinity dollars.
 
i voted double dip recession, although i don't think it's a double dip recession.. it's more like one giant dip with a bunch of fake wealth infusions. this whole bubble economy will fall apart without the central banks constantly printing money