Stock Market...what do you think will happen 12/21/2012?
By coffeebreak
@coffeebreak (17798)
United States
April 19, 2010 11:20pm CST
2 years ago when the stock market crashed, I was fortunate enough to have been doing some research on some stocks and then the crash hit and I was able to buy some stocks for really cheap and now they have quadrupled their price. I bought them for a retirement nest egg and plan to leave them there till I hit 65.
However, with all the gloom and doom being predicted for 12/21/2012 and although I don't believe the world is exploding or anything like that, but I do think that with the planets in align and all...gravity and planets aligned and the sun and heat and all... very well there could be some serious environmental things happen that could cause some serious after effects...such as the weather not doing right for crops to grow and food prices rising etc.
Now I say all that to ask this....if you have stocks...do you think that selling just prior (depending on how the stock market and wall street do during that time) do you think it would be wise to sell while high or continue to hold on to them and if it crashes again, ride it out..I have a few more years till I hit 65, but then I have to wonder..if it crashes, will it come back and if it doesn't...will they rise in price? What could/might happen to the investments made on Wall Street Stock market if the environment takes a beating?
I know no one can say for sure, and so many differetials involved and all..but give it some thought. And if you have experience or other knowledge in this area... what do you think might happen? Could happen? I am not asking for financial advise, just thoughts from experienced and knowledgable people as to what they think might happen to the stock market if there is turmoil on 12/21/2012
1 person likes this
2 responses
@scheng1 (24649)
• Singapore
20 Apr 10
Hi Coffeebreak, I dont think stock market pays much attention to any hearsay of doomsday.
Stock market reacts more to financial crisis and political nonsense.
Anytime the Chinese government or US government makes negative remark, the stock market will fall for at least one day. I just hope Greece does not go bankrupt soon, can't imagine the effect on stock market.
1 person likes this
@coffeebreak (17798)
• United States
20 Apr 10
I agree with you on that. It wouldn't have crashed this last time if mortgage lenders had actually qualified borrowers instead of making a ton of loans so all borrowers would qualify.
And yeah, it depends on the current political nonsense of the day.
I'm not asking if they are planning on it (although, they could be and are just not going to tell the american people about it!) but how could something like this doomsday theory effect the stock market come say October 2012? Do you think they will start "planning" on some kind of fall out and start massive selling to drop the price of stocks?
@scheng1 (24649)
• Singapore
20 Apr 10
Hi Coffeebreak, I doubt anyone in the US will do something so stupid!
Even China is not so stupid as to bring the whole stock market down. The effect of rebuilding from a crisis is felt worldwide, and no government likes to deal with massive job losses.
I think China and US will threaten each other, and yet still holding on to the assets.
@drannhh (15219)
• United States
20 Apr 10
You can always buy again when they go low, so I would of course sell high, saving a few perhaps to see if they keep going higher. I do not think that 12/21/2012 should have any durable influence on the stock market, but the rule in anything financial whether it is real estate or stocks or commodities such as gold is the buy low and sell high and deduct the brokerage fees. This is not financial advice, lol. Just common sense. The less "churning" one does the better, but whenever there is a net profit to be made it should be taken, in my opinion.
1 person likes this
@coffeebreak (17798)
• United States
20 Apr 10
That is exactly what I learned from T.Boone Pickens...common sense. Which is why I was able to do as I did. I do intend to let them sit for my retirement, but also intend to keep an eye on things to see if a sell would be appropriate. I don't have to many years before retirement age, and if they drop again, I don't have much time to let them sit there and increase again... altho knowing if I did it might be back up come 70 or so. But I gotta pick an age to plan my goal... and know that there is always a little more time at the end that I have available should I need to use it.
Then again, it is tempting.. I bought at $3 and they are now at $28! It is a gamble and I just want to make sure I know what I need to know, hope for the best and plan for the worst! Thanks for your comment
