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S&P 500 futures (SPY) -1%, Nasdaq 100 (QQQ) -1% following the Nikkei's 7.3% crash overnight....

S&P 500 futures (SPY) -1%, Nasdaq 100 (QQQ) -1% following the Nikkei's 7.3% crash overnight. In Europe, the Stoxx 50 (FEZ) -2.2%. Shanghai fell 1.2% as its PMI slipped into contraction territory for the first time in 7 months. Treasurys catch a bid, the 10-year yield off 5 bps to 1.99%, TLT +0.8% premarket.
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Comments (12)
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    Oh, hell, I am tired of the stress of the stock market. I am resolved to not look at or think of the stock
    market or my stocks for at least a year.
    23 May 2013, 07:20 AM Reply Like
  • Haz_math
    , contributor
    Comments (6) | Send Message
     
    you look like you're on the wrong website then.
    23 May 2013, 08:16 AM Reply Like
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    You are right. I have to have a daily dose of SA, Bloomberg, other financial sites., yet I simultaneously want to divorce myself from it. I must be seriously schizophrenic.
    23 May 2013, 12:46 PM Reply Like
  • scarlo
    , contributor
    Comments (59) | Send Message
     
    Jean,

     

    It's smart not to watch it day to day, for you'll add stress to your life and will miss the forest for the trees and shrubs. Quarterly reviews, weighing holdings against benchmarks are recommended. Better still is to balance your risk level quantitatively and to use low cost index funds that track their benchmarks closely. If you need hand holding I suggest checking NAPFA for a fee only advisor.

     

    Best,
    scarlo
    23 May 2013, 08:16 AM Reply Like
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    Thank-you for your advice. I fired my advisor a year ago because I prefer to manage my portfolio myself. For the most part I mange fine, but I guess every now and then I need to remind myself to step back from it. Thanks again.
    23 May 2013, 12:40 PM Reply Like
  • joe kelly
    , contributor
    Comments (1756) | Send Message
     
    Seeking Alpha is my porn. You have to look at it.
    23 May 2013, 08:33 AM Reply Like
  • jhooper
    , contributor
    Comments (6028) | Send Message
     
    You can't define it, but you know it when you see it.
    23 May 2013, 09:31 AM Reply Like
  • jeanewight
    , contributor
    Comments (346) | Send Message
     
    That sums it up for me, too. I find it hard to stay away...........
    23 May 2013, 12:41 PM Reply Like
  • fmarone
    , contributor
    Comments (15) | Send Message
     
    Having gone through so many ups and downs, it's all part of the market doing what it suppose to do. For all you youngsters, I remember when the DOW at 500 we never could envision it reaching 1,000, so with your own the time horizon the benefits going forward is commensurate with your age and perseverance
    23 May 2013, 08:49 AM Reply Like
  • Bryce_in_TX
    , contributor
    Comments (2727) | Send Message
     
    lol at joe kelly. Today may be good for the mREITs, since bond prices will be up.
    23 May 2013, 08:49 AM Reply Like
  • wigit5
    , contributor
    Comments (4104) | Send Message
     
    My solution to the stress of the market is never put money in that you can't afford to lose. I exclude my 401k's and IRAs from this rule since they are in conservative funds that should grow slowly
    23 May 2013, 09:00 AM Reply Like
  • The Geoffster
    , contributor
    Comments (4013) | Send Message
     
    There should be no doubts left that the markets are dependent upon the Fed.
    23 May 2013, 09:34 AM Reply Like
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