I wish I had one of your bee hives . I think I'd just go out there and bash it with a ball bat naked and then when they swarm me I'd douse myself with gasoline and light them up and call it a day.

I hate days like today.
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Yup.

I’m not caring one bit about this. Won’t if it corrects 10% either. The past 2 years of gains were record pace. It wasn’t going to keep up.
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Honey bees are just like investing....You get stung a lot and just when things are looking up, 70% of your bees die.

BUT...as long as I don't panic sell my equipment and stock, I can get some more bees and build these purple Baltic Avenue properties into Atlantic Avenue houses and leverage those into Pennsylvania avenue hotels.

Keep your eyes on the prize.
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I don't normally follow this thread but my profession is investing and this is 100% the right perspective. It doesn't mean you shouldn't worry about the move the last several days but you should also have the bigger picture in mind. We're basically back to early December levels.

There were any number of positioning metrics flashing 'euphoria' on a scale that we haven't seen post-crisis. Macro themes (long equities, long EM, short rates, short USD) have been dominating the trading environment and trending aggressively. All of these things rode the wave of sentiment up and now the same thing happens on the way down (you can blame a class of investors known as CTAs for amplifying these moves). This is how markets have operated forever.

Equities may still end up performing just fine over the next several months, but more likely than not the risk/reward (Sharpe in industry parlance) will just be poorer. So be prepared to feel less euphoric and more balanced. But this is what ultimately makes for a healthier market.

Said another way, the experience of investing in stocks is transitioning from feeling like being a fan of the Patriots to being a fan of the Chiefs.

Good luck, folks.
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XIV is at termination levels right now in after hours. 85% down. svxy too
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I used stop loss orders today and it looks like it saved me about 3k of losses based on where those stocks closed. Now I get a chance to rebalance at better prices.
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It's interesting to see the different strategies at play here. In the short-term, I favor my strategy of screaming and crying while buying into face of the tsunami.
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All fair and true and stops are a sound method of risk management. But just because you saved that 3k doesn't mean you have to become re-invested again immediately because it went down further.

There are two schools of thought. One is that if you liked the market at X, the market at 95% of X is a real bargain. The counter to that is if you liked the market at X and it's now at 95% of X, something in your original thesis was entirely incorrect.

When you're invested in something, you are naturally going to be less honest about it than if you were a dispassionate outside observer. You stopped on some positions and now have the ability to view things more objectively. That is a huge advantage in a market that's been driven by euphoric sentiment.
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If you combine that with hope and prayer and a blind allegiance to the Ermines, it's 100% of the time worked about 25% of the time.
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:-)

These times are when I am glad I am 100% cash. I don't have the gambling mentality. If I even lost 5% in a short period of time, I would probably stroke out and die right there! Then, I would have no retirement.

That's my way of looking at life :-)
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Sitting in cash allows your to be eaten up by inflation in no time, especially if your timeline is a decade or more. The $10k you saved in 2004, is not worth anything close to $10k in today's money.

You realize if the market corrects 10-15% this week, people are still sitting with more money than they had a year ago? Factor in compounding interest over decades and it's very hard to lose money in the stock market with consistent investing across mutual funds, ETFs and indexes. Dabbling in individual stocks is a different story, however.
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Right. And learn to take a long view of finances, days like these are inevitable, always have been. Nobody can time them, invest what you can for the long term and forget about it.
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Interesting you said that . US steel is one stock I own.
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What’s the reason you don’t post in here more? We could use your great dialogue and knowledge.

This is probably my favorite CP thread. People are cordial, offer advice and there’s very little bickering.
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Yea, I know you are correct. You may not remember, but me and you had a brief discussion about this over on the DC side a while back. I'm that type of guy that looks at investing like this. If I keep all my money and my employers match plus the little dab of interest/dividend it accumulates, I am satisfied. Like I said, I'm not a gambler.

And for the record, the :-) in my reply was to his joke, not anything else. Definitely not trying to be rude or anything. I have a very meager traditional IRA and the 401k down at work. Love reading this thread and seeing how those of you who are brave are winning the game. Sometimes I wish my brain wasn't wired the way it is, I could possibly be making coin too :-)
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