Down goes the Dow

Ghost of Igloi wrote:

I would be interested to know why you “believe it is different this time.”

Igy

I posted a long narrative 3 years ago as to why I feel that way (Sorry, I don't feel like re-writing it). I was answered with much criticism including the OP. I invited bashing if I was proved to be wrong. I remember one response was "I'll Be Back" (I think from the OP). Obviously, as of today, nobody's "Been Back"

mellon wrote:

[quote]Ghost of Igloi wrote:

I would be interested to know why you “believe it is different this time.”

Igy

I posted a long narrative 3 years ago as to why I feel that way (Sorry, I don't feel like re-writing it). I was answered with much criticism including the OP. I invited bashing if I was proved to be wrong. I remember one response was "I'll Be Back" (I think from the OP).

Baloney. I would never use such an overworked cliche. That is for less creative minds. You know, like yourself.

Matt Mann wrote:

My bad. I was erroneously using the numbers for the week of 3/2/15. Apologies to Igy.

Ghost of Igloi wrote:

Wondering,

OK, I’ll go with your number. I was scrolled back and forth and didn’t write anything down. I generally do not pay much attention to the Dow for the reason I previously mentioned.

Igy

These two recent quotes sum up much about this thread.

Matt Mann makes a mistake and makes an apology. Igy makes a mistake and makes excuses.

And Igy wonders why people don’t like him.

Face the fax wrote:

Matt Mann wrote:

My bad. I was erroneously using the numbers for the week of 3/2/15. Apologies to Igy.

Ghost of Igloi wrote:

Wondering,

OK, I’ll go with your number. I was scrolled back and forth and didn’t write anything down. I generally do not pay much attention to the Dow for the reason I previously mentioned.

Igy

These two recent quotes sum up much about this thread.

Matt Mann makes a mistake and makes an apology. Igy makes a mistake and makes excuses.

And Igy wonders why people don’t like him.

Question for Igy:

What has more of an influence on the price of stocks: your personal view that they are overvalued, or the objective reality that they aren't? Just wondering.

Igy the CloWn wrote:

Question for Igy:

What has more of an influence on the price of stocks: your personal view that they are overvalued, or the objective reality that they aren't? Just wondering.

I don’t there is any doubt that stocks are at high valuations using historical standards. The question is does that matter, or is it different this time?

Face the fax wrote:

Matt Mann wrote:

My bad. I was erroneously using the numbers for the week of 3/2/15. Apologies to Igy.

Ghost of Igloi wrote:

Wondering,

OK, I’ll go with your number. I was scrolled back and forth and didn’t write anything down. I generally do not pay much attention to the Dow for the reason I previously mentioned.

Igy

These two recent quotes sum up much about this thread.

Matt Mann makes a mistake and makes an apology. Igy makes a mistake and makes excuses.

And Igy wonders why people don’t like him.

Fax,

1. I realized my error shortly after responding to Wondering, and used the same “my bad” and immediately corrected my error. I accepted Wondering’s figures on face value because the Dow was never part of my initial comment.

2. Wondering was wrong in that the close for 3/2/2015 was 18,288. Using post date close of 11/1/2017 of 23,435 the Dow is up 28.1%, and would require only a drop of 22% to reach the same level as 3/2/2015. Similar to my initial corrected post.

3. I post my views on the market and don’t do so to curry favor. Unlike you Fax I don’t need to find family or friends on LRC or DGTD.

4. You post anything but facts. Your posts are generally laced with pissy he-b#tch comments.

Igy

mellon wrote:

Ghost of Igloi wrote:

I would be interested to know why you “believe it is different this time.”

Igy

I posted a long narrative 3 years ago as to why I feel that way (Sorry, I don't feel like re-writing it). I was answered with much criticism including the OP. I invited bashing if I was proved to be wrong. I remember one response was "I'll Be Back" (I think from the OP). Obviously, as of today, nobody's "Been Back"

Mellon,

I searched the time frame in question for posts outlining your narrative on why “this time is different.” I found nothing under the “mellon” handle and used the time frame from the OP until my first post. From my observation, perhaps I am wrong, your justification for the market move up, is the market move up.

Igy

Igy the CloWn wrote:

Face the fax wrote:

These two recent quotes sum up much about this thread.

Matt Mann makes a mistake and makes an apology. Igy makes a mistake and makes excuses.

And Igy wonders why people don’t like him.

Question for Igy:

What has more of an influence on the price of stocks: your personal view that they are overvalued, or the objective reality that they aren't? Just wondering.

He-b#tch comment similar to Fax. Perhaps you might be the same pissy poster? Go see if you buy some friends loser.

Financial Advisor wrote:

Igy the CloWn wrote:

Question for Igy:

What has more of an influence on the price of stocks: your personal view that they are overvalued, or the objective reality that they aren't? Just wondering.

I don’t there is any doubt that stocks are at high valuations using historical standards. The question is does that matter, or is it different this time?

FA,

I guess if you think investors will keep paying a higher multiple for a unit of earnings. If you believe that can continue unabated, I would say you need to learn more to be a good financial advisor.

Igy

Ghost of Igloi wrote:

Igy the CloWn wrote:

Question for Igy:

What has more of an influence on the price of stocks: your personal view that they are overvalued, or the objective reality that they aren't? Just wondering.

He-b#tch comment similar to Fax. Perhaps you might be the same pissy poster? Go see if you buy some friends loser.

Pass. No need to buy friends. However, I can buy a lot of nice things with all of the money I’ve made from the ongoing stock rally that you have missed out on. Sucks to suck.

Ghost of Igloi wrote:

Financial Advisor wrote:

I don’t there is any doubt that stocks are at high valuations using historical standards. The question is does that matter, or is it different this time?

FA,

I guess if you think investors will keep paying a higher multiple for a unit of earnings. If you believe that can continue unabated, I would say you need to learn more to be a good financial advisor.

Igy

I did not post what I think. Please don’t impose your narrative on me.

FA,

OK. If you don’t want a comment from me don’t post a something with reference to me.

In the meantime read this as part of your education:

http://www.zerohedge.com/news/2017-11-03/investing-bubbles

Igy

Ghost of Igloi wrote:

4. You post anything but facts. Your posts are generally laced with pissy he-b#tch comments.

Igy

Oh, the irony!

Spoken by the he-B#tch Fuhrer.

At least I’m humble enough to apologize when I’m wrong.

More he-B#tching from the same poster....

That’s not bitching. You are desperate.

You are such a loser making up meaningless nonsense. Grow some b@lls, be a man for once in your life rather than following me around LRC.

As I’ve pointed out before, I was here first. You have been stalking me.