[vivekiny2k]

my determination to stay invested long term is wearing out.

[DCEite]

Originally Posted by vivekiny2k

my determination to stay invested long term is wearing out.

Read this and you'll feel better:
Market crash: What should you do now?

[jagan0677]

Maybe time to ponder: Return on Capital or Return of Capital?

[harry10]

Forget return on capital. Cant see that for long long time.
Am invested since dec 07 and the investment is just going down and down. No hope for revival yet.

[BaCkSeAtDrIVeR]

Guys, please do sell out. That will bring down the prices further and I am waiting for the prices to get a bit lower before buying.

Please!!!

[BomBatt]

Extremely difficult time. Since I am in the markets full time, I have been doing okay until August end. Markets going down for 2-3 days and then go up 1 -2 days. If you catch the cycle right, you can make nice money riding the waves.

But now it has become very difficult. Just going down, down, and down. So, no opportunity for traders. But I did one good thing. I sold most of the stocks, became 80% cash, stopped trading, and took a pilgrimage trip to all the temples in Karnata. Since last 2 days, I have been slowly putting my money back (10% per day). I just hope by the time I become 80% stocks again, markets bounce back and give me an opportunity to trade again .

[penpavan]

Originally Posted by BomBatt

Extremely difficult time. Since I am in the markets full time, I have been doing okay until August end. Markets going down for 2-3 days and then go up 1 -2 days. If you catch the cycle right, you can make nice money riding the waves.

But now it has become very difficult. Just going down, down, and down. So, no opportunity for traders. But I did one good thing. I sold most of the stocks, became 80% cash, stopped trading, and took a pilgrimage trip to all the temples in Karnata. Since last 2 days, I have been slowly putting my money back (10% per day). I just hope by the time I become 80% stocks again, markets bounce back and give me an opportunity to trade again .

Thats very neat!
I guess you are the _only_ person who is smiling during this time.

[harry10]

Originally Posted by BomBatt

Extremely difficult time. Since I am in the markets full time, I have been doing okay until August end. Markets going down for 2-3 days and then go up 1 -2 days. If you catch the cycle right, you can make nice money riding the waves.

But now it has become very difficult. Just going down, down, and down. So, no opportunity for traders. But I did one good thing. I sold most of the stocks, became 80% cash, stopped trading, and took a pilgrimage trip to all the temples in Karnata. Since last 2 days, I have been slowly putting my money back (10% per day). I just hope by the time I become 80% stocks again, markets bounce back and give me an opportunity to trade again .

I must say you did the right thing. Wish i had done the same but then such is the uncertainty going on all over the world you can never be sure!

[PatienceWins]

Originally Posted by BomBatt

Extremely difficult time. Since I am in the markets full time, I have been doing okay until August end. Markets going down for 2-3 days and then go up 1 -2 days. If you catch the cycle right, you can make nice money riding the waves.

But now it has become very difficult. Just going down, down, and down. So, no opportunity for traders. But I did one good thing. I sold most of the stocks, became 80% cash, stopped trading, and took a pilgrimage trip to all the temples in Karnata. Since last 2 days, I have been slowly putting my money back (10% per day). I just hope by the time I become 80% stocks again, markets bounce back and give me an opportunity to trade again .

You did the right thing. Congrats!!

I wish I followed the same route in August.

[BomBatt]

Originally Posted by penpavan

I guess you are the _only_ person who is smiling during this time.

Guys, that smily doesn't mean I am smiling at this time. I am just wishing myself a good time ahead. Some of the stocks I sold with lot of pain at 30% loss. But I surely cut down further loss. Moreover, market is my bread and butter, and if it continues like this, I will be jobless and worthless. Hence I am hoping against hope that it will recover fast.

[harry10]

As the govt's are stepping in for the banks i do hope some resolution for the crunch comes and market stabalises. Really depressing seeing it going down and down :(

[sanjaymugur]

see sensex @9000 in 2 months time.. & SENSEX has lost its sense & its sex appeal as well....

[Steeroid]

White House mulls ownership stakes in banks- International Business-News-The Economic Times

When we did it in 1969, it was an 'Commie move which is against free market forces'.

When they do it, its a Financial Restructuring Package.

[hvkumar]

India privatises, US nationalises. Looks like in the next 5 years, we will soon start seeing big consulting firms offering nationalisation services!

For over-valued stock markets and short sellers, the continuous fall could not be sweeter.

[penpavan]

Originally Posted by hvkumar

India privatises, US nationalises.

Couldn't have said anything better! Even their social policies. They seem to nationalize the family matters and personalize the national matters.