6 Responses to “Do you have your cash ready for market pullback?”

1. admin says:

   January 24, 2013 at 4:24 pm

   Marvin, you are right that the public still may push the stocks even higher as now they are panicking because of not being in. Mostly the mutual fund managers are rushing in to buy more shares to justify their (mediocre) performance.
2. admin says:

   January 24, 2013 at 4:21 pm

   Dan, I agree with you. There are great stocks out there which may provide a great opportunity even during the market being so overbought. That’s I wrote: “minimize buying, only when a stock you are interested in shows you an excellent buying opportunity” meaning that if an opportunity shows up, I would buy. As of this writing I am interested in adding NGLS into my portfolio and it seems like today the opportunity to do so is going to present itself even though the market is still horribly overbought.
   Thanks for stopping buy.
3. January Investing Links | Dividend Growth Stock Investing says:

   January 24, 2013 at 6:01 am

   [...] Do You Have Your Cash Ready for a Market Pullback? – Over at Hello Suckers, Marvin writes about building up his cash levels because he believes the market is overextended and ready for a pullback soon.  When the pullback happens he will take advantage.  I wrote about this earlier this month, whether to build up cash or invest immediately, and I still believe you can find individual dividend growth stocks at good current valuations worth buying. [...]
4. Dan Mac says:

   January 23, 2013 at 6:24 pm

   While the markets may be a bit high right now I still believe you can go out and find individual stocks that are trading a pretty decent valuations. However there are definately some stocks that are overextended as well in my opinion and I look forward to any pullback that would allow me to get some great companies at great prices!
5. Brick By Brick Investing | Marvin says:

   January 23, 2013 at 12:10 pm

   I agree that they are overextended. Unfortunately when stock prices rise the general publics tends to assume there is less risk, when you and I know they are actually taking on more risk.

   Great write up. I always have cash on hand in case of a black swan event, I am still kicking myself in the butt for not investing in BP after the oil spill.
6. admin says:

   January 23, 2013 at 8:03 am

   Brett, I agree and I am not saying we are heading to a crash. Just nice small or even bigger correction, pullback, resting time would be nice and creates a great opportunity to buy more shares. Nothing grows forever as well as nothing falls forever, unless you go bankrupt. Although in today’s market I wouldn’t be surprised by wild runs up without rest and wild falls. People out there are crazy.
7. Brett @ wstreetstocks says:

   January 23, 2013 at 6:51 am

   The markets are definitely over extended. The S&P will still reach 1,500 in the near future, but a pullback should occur soon after. The VIX is simply too low.