Stock Market and Panic

[alfsauve]

Hope everyone is holding tight and not panicking.  My "stock" took a slight beating, but I'm wasn't planning on selling any of it anyway.  My upcoming retirement isn't going to be funded by selling stock, but by the dividends and interest payments.  I had been moving investments towards cash dividends prior to all of this, so I'm okay.

My only regret is I don't have any substantial cash to invest today.   I did have a few hundred extra and put it in an Exchange Traded Fund which specializes in Limited Master Partnerships, gas and oil pipelines.  (CBA if you're interested)  With today's prices that money will be earning 11% on dividends from the MLP.  Of course, with falling oil prices it's risky but it's not a lot of money, and despite falling oil prices they still need to be transported.  Gas/diesel cars & trucks aren't going away any time soon.

One of the big mysteries in history is what the rich people, think Rockefeller & Kennedy, did with their cash during the great depression.   Those people sold out of the market early on but didn't put it back for some time.  Where they hid it is an unknown.  Speculation from in their mattress, to personal safes, real estate to foreign investments abound, but it's unknown exactly how they invested it during the depression.     

The reason this dip won't last long, is all the people who just sold stock now have to find some place to re-invest their money.  They'll hold it for a week but then start putting it back into the market.

[santahog]

From the desk of the uninformed/ignorant..
With the Fed dumping so much paper into the markets, I don't see much any of it making sense, save the kinds of things you list.. Oil and gas/energy isn't going away, and perhaps real estate in the area of rental property are about all I can think of, but I haven't given it a dimes worth of thought in 6 years, I suppose..
What will people continue to need, even when they have nothing to buy it with?
(JAFO that I am.. Get what you paid for here..) 

[billt]

If you're in it now, you waited to long. Wait it out. It will slowly come back. It may take some time, but it will. It's been due for a major correction. Look where it was just 7 years ago.

[PegLeg45]

I hope my company stock price drops a tad bit more...... then I can hedge the small loss I took from my last purchase amount.
I can buy double the shares of company stock at a much lower price and drop my overall buy-in average.... and as long as the entire market doesn't just "go away" it'll go back up sooner or later (Alcoa always does) and I can clean the mess up.

Prior to 2008, I was making nearly 10% annual ROI in my 401k.... (Alcoa always made very regular and consistent up/down market swings)......then after the current ass-in-chief took office, I've done well just to garner around 2%.

[Solus]

Ann Barnhardt has a post warning about the stock market "correction", saying she began warning about it's coming 33 months ago.

http://www.barnhardt.biz/

[Sponsor]

[billt]

I hope my company stock price drops a tad bit more...... then I can hedge the small loss I took from my last purchase amount.
I can buy double the shares of company stock at a much lower price and drop my overall buy-in average....

That is the smartest thing to do. Not enough do because they lack the cash and the balls to buy more after a substantial correction. The market is no different than anything else. If you run with the sheep, you'll be slaughtered every time.

[tombogan03884]

Rockefeller specifically wasn't effected by the crash of 29, their money was in oil which was on the rise  no matter what as more cars were sold, ships built, and the number of air planes sky rocketed. With the approach of war every one needed more and more oil and Rockefeller was willing to sell it.
Including to Germany all through WWII.
The Kennedy money was still in whiskey then I believe and beginning to be spread out into ,first, war industries.
 

[TAB]

My money is in hookers and blow.


Well ok boats, guns, tools and the little women.  All horrible investments, but a lot of fun.

[tt11758]

All my money is tied up in debt. 

[Solus]

My money is in hookers and blow.


Well ok boats, guns, tools and the little women.  All horrible investments, but a lot of fun.

Little womEn?  Since you still own boats, guns and tools, I'll assume it was a grammar error.