My 201K

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Apr 2, 2009 1:23 pm

My 201K has climbed back to a 301K. Hmm? Too much too fast?

Apr 2, 2009 1:33 pm

Yes.  You're probably really at a 226k, not 301k.

Apr 2, 2009 1:47 pm

Yeah, i figured, but that kind of math hurts my head.

Apr 2, 2009 3:35 pm

I don't know that I would call 8000 on the Dow "too much."  We are now "only" down about 42% from the peak.

 
Having said that, I don't think we're heading to 9000 anytime soon.
Apr 2, 2009 3:48 pm

It's not the down number I'm looking at. It's the up 20% plus in three + weeks that's got my attention. Lot's of short term profit there. But, then again, Cramer did declare the depression over- So i guess it is time to buy!

Apr 2, 2009 5:11 pm

I know what you were saying.  That was my point, just because we are up 20% doesn't mean we have come very far.  We've got about 80% more to go before we are back to where we started.  I wouldn't be buying those 3X leveraged SPY ETF's quite yet.

 
I think the day-traders are going to be taking serious profits next week.  Actually, this last year has been a boon for day-traders taht know what they are doing.
 
Come to think of it, you could have just been a buy-and-hold guy with short-ETF's and made a killing!