Talk of The Villages Florida - View Single Post - Dow Jones Hits 18,000
Thread: Dow Jones Hits 18,000
View Single Post
 
Old 12-25-2014, 11:51 AM
2BNTV's Avatar
2BNTV 2BNTV is offline
Sage
Join Date: Mar 2010
Posts: 10,711
Thanks: 1
Thanked 134 Times in 61 Posts
Default
Quote:
Originally Posted by TrudyM View Post
I am trying to decide given the Dow is so high if it would be a good time to take some money out for a bit. Are any of you doing this?
I have observed the market does goes down a bit after reaching a new high.

I am sure this Friday, we will probably see a slight dip of 200 points or so as people take profits out of the market. I personally don't believe in trying to time the market. When it goes down, the inclination is to sell but then most people miss the upswings.

Buy low and sell high is a nice theory but how many people make money off of the swings in the market? GOD bless those that do, as they are geniuses.

Two weeks ago it dropped 1,000 points and the following week, it went up a little more than a 1,000 points.

I am hoping it will rise to 20,000. Then it will be interested to see if it goes up further, or start heading down for a correction.
__________________
"It doesn't cost "nuttin", to be nice". MOM

I just want to do the right thing! Uncle Joe, (my hero).