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<blockquote data-quote="Benben" data-source="post: 1152965" data-attributes="member: 25133">Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20I still stand by the fact that every year for over 50 years the market has seen at least 1 drop of 10% in the market.&nbsp; We all knew a market correction was comming.&nbsp; There is no election this year to screw with the market.&nbsp; The job&#039;s report last week was solid.&nbsp; The only news of note for domestic stocks was the Fed releasing their minutes.&nbsp; My read on that is this;&nbsp; The fed will keep &quot;testing&quot; the waters with news of backing off the QE&#039;s untill their &quot;news&quot; doesn&#039;t rattle the market and then we&#039;ll see a wind down of QE.&nbsp; What is QE?&nbsp; It&#039;s the buying of mortages.&nbsp; Many complain that the Fed is just printing paper money.&nbsp; It is actually buying debt that is secured by physical property generating income through&nbsp; interest.&nbsp; You say printing money... I say making money with collateral. Outside the Prudential 401K, 90% of my picks are long term.&nbsp; I try to only choose solid dividend stocks that are trading for below book value that have a good or great dividend history.&nbsp; The dividend is my insurance against the Wall Street crowd trying to make a fast buck by buying something that they &quot;think&quot; someone will pay more for at a later time.&nbsp; Without a dividend what exactly are you &quot;buying&quot; when you purchase stock?&nbsp;&nbsp; Stocks are down the past 2-3 weeks but good god man, since the first part of December we are up 17-30% and at absolute historic levels.&nbsp; We needed a breather and thats what we are seeing now.</blockquote>

[QUOTE="Benben, post: 1152965, member: 25133"] [b]Re: UPS/Teamster 401k...Prudential to a Dreyfus self managed account...+22.86% for 20[/b] I still stand by the fact that every year for over 50 years the market has seen at least 1 drop of 10% in the market. We all knew a market correction was comming. There is no election this year to screw with the market. The job's report last week was solid. The only news of note for domestic stocks was the Fed releasing their minutes. My read on that is this; The fed will keep "testing" the waters with news of backing off the QE's untill their "news" doesn't rattle the market and then we'll see a wind down of QE. What is QE? It's the buying of mortages. Many complain that the Fed is just printing paper money. It is actually buying debt that is secured by physical property generating income through interest. You say printing money... I say making money with collateral. Outside the Prudential 401K, 90% of my picks are long term. I try to only choose solid dividend stocks that are trading for below book value that have a good or great dividend history. The dividend is my insurance against the Wall Street crowd trying to make a fast buck by buying something that they "think" someone will pay more for at a later time. Without a dividend what exactly are you "buying" when you purchase stock? Stocks are down the past 2-3 weeks but good god man, since the first part of December we are up 17-30% and at absolute historic levels. We needed a breather and thats what we are seeing now. [/QUOTE]

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