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Bull market starts this week - for sure

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gristy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 09:20 PM
Original message
Bull market starts this week - for sure
How do I know? Yesterday I shifted 25% of my 401k from stocks to bonds.
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MamaDem Donating Member (222 posts) Send PM | Profile | Ignore Wed Dec-03-08 09:23 PM
Response to Original message
1. So it's you!!! You're the one controlling the market!!!
:fistbump:
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Pale Blue Dot Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 09:23 PM
Response to Original message
2. I think that the far more likely irony is that now
the bond market will collapse.
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theoldman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 09:31 PM
Response to Original message
3. Hate to tell you this but when interest rates are low the price of
bonds are high. As interest rates go up again you will lose money on your bonds unless you keep them until they mature.
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gristy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-03-08 09:33 PM
Response to Reply #3
4. Well, half the people who are trading bonds are buying them
So at least I've got lots of company! :)
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Dec-04-08 09:38 AM
Response to Original message
5. Sold to you!
We're no where near the bottom, yet. Give it at least a year or two.

More than likely you did the right thing moving your 401k funds to bonds....

Until the bond market collapses, that is.

Cash and gold, cash and gold - and a well stocked pantry.

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