Reply to: Large stock market correction due

[Jeff Maginty]

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[suityou01]

Oi! Let's see a little more respect shown for Dim. He's an old-timer on this forum and should be addressed respectfully, especially by more recent members.

I really don't think DP needs anyone to fight his battles for him.

[DodgyAgent]

Up too fast too quickly. Too many people too bullish.

Story of your life eh DP?

[kaiser78]

Up too fast too quickly. Too many people too bullish.

Correction down to about 5800. Then back to where we are towards the end of the year.

Agree - I am moving into safer funds, selling high in advance of correction kicking in, ready to jump in again later...

[dundeedude]

Rather than selling you'd be better off by setting up a stop loss order to sell if they fall a few percent. That way, if you call the top correctly, you get say 97%, if they keep rising, you don't miss out. That or a trailing stop if your broker allows it.

Unfortunately many brokers have T&C's that indicate they can't guarantee any STOP order is actually auctioned.

I experience this once so no longer rely on this method.

[DimPrawn]

Keep a combination of individual shares and managed funds in an S&S ISA and normal share dealing account.

I've sold them all recently as the banking shares, housing shares and funds are all up quite a significant amount. I fully expect a significant correction this year and will then plough money back into a combination of funds and shares.

Everything I've chosen, with the exception of XTR, has risen in value far too quickly. Each market sector has trends and I personally we have almost peaked in the equity markets. When I observe a consistent post-downwards trend I'll reinvest. Losing to inflation is nothing compared to losses seen some days - although it won't be as bad as 2008 by any stretch of the imagination.

I avoided the 2008 loss by pulling my money out in February 2008. Fund managers and 'advice strategists' would suggest you're better off keeping your funds active regardless, but remember that this is for their benefit, rather than yours.

Rather than selling you'd be better off by setting up a stop loss order to sell if they fall a few percent. That way, if you call the top correctly, you get say 97%, if they keep rising, you don't miss out. That or a trailing stop if your broker allows it.

[dundeedude]

Keep a combination of individual shares and managed funds in an S&S ISA and normal share dealing account.

I've sold them all recently as the banking shares, housing shares and funds are all up quite a significant amount. I fully expect a significant correction this year and will then plough money back into a combination of funds and shares.

Everything I've chosen, with the exception of XTR, has risen in value far too quickly. Each market sector has trends and I personally we have almost peaked in the equity markets. When I observe a consistent post-downwards trend I'll reinvest. Losing to inflation is nothing compared to losses seen some days - although it won't be as bad as 2008 by any stretch of the imagination.

I avoided the 2008 loss by pulling my money out in February 2008. Fund managers and 'advice strategists' would suggest you're better off keeping your funds active regardless, but remember that this is for their benefit, rather than yours.

[MarillionFan]

Ahh, the esteemed sasguru has graced this thread with his sublime presence. How I long for the day when I will have been around this forum long enough to have been called "cretin" by the mighty sasguru...

Yours respectfully,
Jeff
(relative newbie).

Bedwetter.

[sasguru]

Ahh, the esteemed sasguru has graced this thread with his sublime presence. How I long for the day when I will have been around this forum long enough to have been called "cretin" by the mighty sasguru...

Yours respectfully,
Jeff
(relative newbie).

Cretin.

[Jeff Maginty]

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[sasguru]

Oi! Let's see a little more respect shown for Dim. He's an old-timer on this forum and should be addressed respectfully, especially by more recent members.

Correct. His offiical titles are Chief CUK Village Idiot (TM) or Primary Cretin (TM).

[Jeff Maginty]

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[DimPrawn]

Right. Got any technical, fundamental or historical evidence to back that one up chump?

Up too fast too quickly. Too many people too bullish.

Correction down to about 5800. Then back to where we are towards the end of the year.

[oracleslave]

Right. Got any technical, fundamental or historical evidence to back that one up chump?

My arrow loving pet monkey just penetrated the lip stick.

Hth.

[suityou01]

For the FTSE 100 I predict 6500 ish due in April/May will be the tipping point.

Right. Got any technical, fundamental or historical evidence to back that one up chump?