Down goes the Dow

Maserati wrote:

IMO THAT is what should be driving thinking now--Dems winning Congress soon, and combining with big-spending Republicans, the spending driving everything including the fed. That is the scenario for which we are now preparing.

Yeah, and if the Dems don't win later this year in November or in 2020 then you can expect Republicans to carry through 2004/2005/2006 levels of cronyism and deregulation that will lead to some 2007/2008 results

mellon wrote:

Racket wrote:

Looks like it'll be another year or two until we get a proper economic collapse

Be patient! It's only been 3 years since the expert prediction. Another couple of years wait seems reasonable.

Just think how soft that mattress is going to feel with 2 more years of cash in it.

Brave one was nowhere to be seen when the market was tanking. Now peaks his head out from underneath the covers to give advice.?

Ghost of Igloi wrote:

mellon wrote:

Be patient! It's only been 3 years since the expert prediction. Another couple of years wait seems reasonable.

Just think how soft that mattress is going to feel with 2 more years of cash in it.

Brave one was nowhere to be seen when the market was tanking. Now peaks his head out from underneath the covers to give advice.?

I didn't disappear! I admitted I blew the 10% correction contest.

I gave my advice on 1/24 and 2/6

Tanked? I think not. A long way to go to 60% drop.

I noticed you were salivating that it was going to turn in to something much more. I'm can tell you're disappointed.

Why don't you post some more charts and graphs to support your position. That should cheer you up.

Ghost of Igloi wrote:

Brave one was nowhere to be seen when the market was tanking. Now peaks his head out from underneath the covers to give advice.?

You weren't posting here either when the market tanked. You've only been on this thread for 3 years by your own account.

Ghost of Igloi wrote:

mellon wrote:

Be patient! It's only been 3 years since the expert prediction. Another couple of years wait seems reasonable.

Just think how soft that mattress is going to feel with 2 more years of cash in it.

Brave one was nowhere to be seen when the market was tanking. Now peaks his head out from underneath the covers to give advice.?

Chart:?

No worries though. It’s all good, just buy the dip.

https://www.cnbc.com/quotes/?symbol=US10Y

Hope you buy on the dippers got in at mellon’s Level, just another -1% or so. No problem, have some guts. It will be OK. Just hang on.

https://m.youtube.com/watch?v=XOW1rhZCTmg&feature=youtu.be

I'm sure you read my position on 1/24/2018. As you can tell, I had lost my faith in my 1/31/2018 prediction. But, I stuck with it and was proved to be dead wrong.

Different from you, I wasn't promoting that position 3, 2, 1 year ago. And I'm sure you're not admitting to being dead wrong.

It’s OK bro, just watch the video.

mellon wrote:

And I'm sure you're not admitting to being dead wrong.

Oh, Snap!

Right, this was no "crash".

But it was an important dislocation. Big action is in bonds. Every year that passes puts those in a hole, deeper into that hole.

Which is why elections will be the biggest determinant of the timing of everything. The destination is already known, but the specific path is not yet set, nor is the timing.

I still think that they will do everything to make the numbers palatable, but will undermine the meaning of the numbers by tanking the dollar. It's the only interim political smokescreen that will work.

What times. Can you imagine a day when you would read a balance sheet to help determine whether or not to buy a stock?

I'm back to being scared, from having been calmly excited for a bit, after I was scared.

I've been pretty good at forecasting roughly how things will be, and this time I really don't like what I see. In truth, I'm almost ready to panic and bug out as completely as possible. I'm f'ing freaking out. If you knew what I know, and maybe you do, you might be freaking out, too. Life might be more enjoyable if I had nothing to lose. I don't know if I EVER want to get back into the equity markets, at this point.

Or bond markets.

Oh, snap! wrote:

mellon wrote:

And I'm sure you're not admitting to being dead wrong.

Oh, Snap!

Oh, drop!

Ghost of Igloi wrote:

seattle prattle wrote:

I have been waiting a few days to see if it drops down back near the lows, in which case, i would buy. But i get the feeling with prices holding steady, and modest buying, that another dip isn't going to happen. So, if no dip early tomorrow, i probably will buy. Thx.

Might as well flip a coin in my opinion. In the end it will be a bad trade unless you are extremely fortunate.

Well, i have certainly been extremely fortunate so far, and today was no exception.

I know there's some discussion of positioning oneself going forward on here. My bet is that we gradually rebound to a few percentage points short of the previous high, and the closer we get, the more volatility there will be. I say this because some investors really do seem to be reacting adversely about the rising interest rates, and that is very much a new normal, unlike before.

seattle prattle wrote:

Ghost of Igloi wrote:

Might as well flip a coin in my opinion. In the end it will be a bad trade unless you are extremely fortunate.

Well, i have certainly been extremely fortunate so far, and today was no exception.

I know there's some discussion of positioning oneself going forward on here. My bet is that we gradually rebound to a few percentage points short of the previous high, and the closer we get, the more volatility there will be. I say this because some investors really do seem to be reacting adversely about the rising interest rates, and that is very much a new normal, unlike before.

The fact that Igy says it would be a bad trade is a YUGE green light for you.

seattle prattle wrote:

Ghost of Igloi wrote:

Might as well flip a coin in my opinion. In the end it will be a bad trade unless you are extremely fortunate.

Well, i have certainly been extremely fortunate so far, and today was no exception.

I know there's some discussion of positioning oneself going forward on here. My bet is that we gradually rebound to a few percentage points short of the previous high, and the closer we get, the more volatility there will be. I say this because some investors really do seem to be reacting adversely about the rising interest rates, and that is very much a new normal, unlike before.

So says everyone else. So the cost of money is not an important factor, yet you and everyone else said low interest and an accommodative Fed supported markets. Face it, no matter what the data says you believe the market will go up, of course until it doesn’t.

Ghost of Igloi wrote:

No worries though. It’s all good, just buy the dip.

It’s too late for that. Try to keep up.

No, you and the rest of your clones were to scared to buy at the lows.

Ghost of Igloi wrote:

No, you and the rest of your clones were to scared to buy at the lows.

The truth is that you know nothing about me, mellon, or anyone else. You make up stuff about other people to feed your poor self-image, but it’s all based on lies. You are a sad, sad, little man.