This image is from the Thailand Stock Exchange after the close last night. As you can see it closed much higher in an effort to recover from the crash on Tuesday.
The market behavior with this crash is like most crashes that have occurred before, even if the duration seems a little shorter. Crashes are panics that often snap back in short order, maybe not one day short order but crashes are not the end of the world.
This is constructive because there is a reasonable chance that you will endure a crash in our market at some point in your life (not a prediction just a reality of markets). History shows selling into the panic of a crash is a bad move. I write something similar like this every so often because it is worth thinking about now while you are probably feeling pretty good about the market and can think about it without any emotion.
Short post, the time spent waiting for the sheriff has me a couple of hours behind in the stuff I usually read.
10 comments:
Roger, I am glad you weren't hurt (if you were in the car) and hope you find the culprit.
I hope this is the ONLY incident marring your holidays. Best wishes to you and your wife!
Sharon Masker
I was in the car. It happened almost in front of our cabin. After waiting a while for the sheriff for a while he took off when I went into my house for warmer clothes.
There was a lot of shady business on his end.
That sucks. I once got rear-ended by an uninsured driver while on vacation in LA. Not fun.
I worry about crashes because I use stop loss orders on ETFs. The risk is a market can blow through a stop during a crash. Then you have to act quickly to re-enter the market. Crashes and periods of panic selling are a great time to buy.
I'll leave you with this. Just ran across a research paper called Acceleration Strategies: http://www.tiny.cc/yFBrH This is yet another twist on the momentum concept and the backtested results (data from 1926-2003) looks promising. I haven't read this in great detail but hope to get to it over the weekend.
That really is horrible Roger. Hope your insurance covers what that shady immigrant did. I cant believe he left while you were inside changing.
I second what Ms. Masker said.
Please make sure there are no delayed pains within the next day or so.(Just personal experience).
And good luck dealing with those so- and-sos.
Best Regards,
HLP
hahaha
didn't every TV show in the 1970's have an episode when someone in a neck collar got whirled by a thrown briefcase in court?
Seeing that the guy was going to slide into me, I had stopped and he was going about 10 MPH. So I am quite sure I will be pain free (hope?).
Safety dictates going 5 mph in this one spot when there is snow , which I was before I saw him so pain later should be off the table. TY though.
As a philosophical matter this was beyond my control so I am not very worked up about it.
Roger, EPP, asia ex japan, is down over 3% today but yahoo et al have the quote as being UP. Doesn't make sense. Capital distributions? An etf dropping like an oef in december? Or, a currency pinch? Curious if you happen to know why the drop when I thought that asia indexes are up today.
This is one of the reasons that I have a camera in my car emergency kit. I have a cheap, no flash disposable camera that cost about $4.
Fred
Glad you're OK. Maybe if they catch the guy, the judge will sentence him to become your butler.
my butler? but my neighbor might want him to clean his house.
EPP went ex-div by $5.19 per a call to iShares.
Post a Comment