Is it time to re-enter the stock market?

[Caliga]

Where is he anyway?  I remember him saying that he was investing big in real estate back in 2005, in my Nostradamus thread.  I hope he can still afford a computer and Internet connection.

He's fine.  He just friended me on Linkedin today, in fact.

[citizen k]

What kind of etfs are you looking at?

[alfred russel]

lol no I did not take it out.

I was knee deep in forex speculation when the storm started to hit there and it hit me HARD. Basically I crashed and burned, not ejected.

Does anyone else here trade forex? Why would you do that?

It's more lucrative than online poker, if you've very bad at poker.

How is your online poker career progressing? Do you still play and have you made money?

[alfred russel]

You shouldnt judge by what I am doing.  Particularly given my track record.  But I have mainly been in cash over the last month or so.

I am slowly coming back in as opportunities arise.

The real risk is inflation and huge increases in interest rates.

If anyone can time or predict with any degree of certainty how that will play out then  let me know.

I do pay attention to this stuff--I recall starting a thread a few months ago about moving money out of dollars. But it seems like a better idea to me to invest in things that produce economic value rather than simply speculate (for example, I thought the dollar was going to weaken, so my equity investments tended to be in companies outside of the US).

[DGuller]

How is your online poker career progressing? Do you still play and have you made money?

I made about $10K over my career.  I'm still playing, although I'm taking a break now due to exam coming up.

[Barrister]

Does anyone else here trade forex? Why would you do that?

Lemonjello does as well.

Where is he anyway?  I remember him saying that he was investing big in real estate back in 2005, in my Nostradamus thread.  I hope he can still afford a computer and Internet connection.

He was investing in owning his own office building, and he had secured a large bank as an anchor tennant.

As long as that bank is still in business he should be fine.

[The Minsky Moment]

Momentum seems to be in the market's side, and it is likely we will see continued dovishness from the Fed and some positive earnings reports in the current season.    Thus I would not be surprised to see the S&P continue to climb.  OTOH the bull case seems already to be fully priced in at current valuations so sustainability is at issue.  I would guess the market will continue to go up in the short run but expect a break within 3-6 months.

[Monoriu]

In 1997, Hong Kong had a financial crisis.  That started a bumpy ride, with stock prices going up and down violently over the next few years.  But the lowest point of the market was reached in 2003. 

The 2008 financial crisis was at least several times more severe than anything we experienced in 1997.  I find it hard to believe that everything will be alright from now on.  I don't think anyone can accurately predict short term stock market movements, so anything can happen in the next few months.  But I'd say caution if you are in for the long haul.

[Admiral Yi]

Not a great time to get in.

[garbon]

Lisa: Wendy?
Wendy: Yes Lisa
Lisa: Is the water warm enough?

[Richard Hakluyt]

I've been buying, starting in May, so there has been a paper profit.

You say that you don't have much to invest right now and may wait till January to raise a non-risible amount. That being the case I think your best bet is to wait and see. I think there will be a correction at some stage, in fact I'm certain there will be, just don't know when 

[Tamas]

I have found forex and poker to be much the same. Forex is much more risky, but it is also much more lucrative so I think they just about break even.

[citizen k]

What etfs were you thinking of?

[Tamas]

What etfs were you thinking of?

I am not sure... Havent looked into it in detail yet. I am very much leaning toward waiting until January.

I am tempted of emerging markets, my ETF of that kind was growing nice (like up 20-25% after 6 months) until I had to sell it to cover my forex losses 

[Pedrito]

I've been avised to keep cool right now for a couple of months then start reinvesting, so I'd say your leaning towards a january move is a wise choice

L.