Down goes the Dow

Buy on the dippers are silent. Why is that?

Maserati wrote:

I watched Powell in the Senate, what a patsy. I think he’s a serious moron. Anybody with bipartisan support is fully owned. He’s a perfect instrument.

Interesting two days in the markets.

Ah excellent; shades of 2005/2006 indeed. Soon I shall be able to afford a house!

Ghost of Igloi wrote:

Buy on the dippers are silent. Why is that?

Probably because their waiting for a dip.

J. Hardy wrote:

Ghost of Igloi wrote:

Buy on the dippers are silent. Why is that?

Probably because their waiting for a dip.

Pokes his head from underneath the sheets once the market goes positive.

Ghost of Igloi wrote:

J. Hardy wrote:

Probably because their waiting for a dip.

Pokes his head from underneath the sheets once the market goes positive.

I'm not sure why you’d be afraid.

Nah, the buy on the dippers started choking on their trades.

Ghost of Igloi wrote:

Nah, the buy on the dippers started choking on their trades.

But there was no dip today.

if you are talking about me, this buy on the dipper made out quite nicely today.

But while i do occassionally buy on a dip, or sell for a quick profit, 99.5% of my holdings are long term hold. And at the expense of sounding boastful, this strategy has outperformed my most optomistic expectations.

Personally, i'm quite happy that yesterdays significant losses were largely made back today. NOt completely, but it seems that the recent downturn of the last couple of days may have bottomed.

But most importantly, GOI, if the best you can do is to point out that the longs clam-up on down days, well, i hope you feel redeemed. If I were you, however, i'd be asking myself about what i was going to do about having missed the last three and half years of a runaway bull market. Oh, wait, maybe you feel it's too late now, and the best you can do is troll those that capitalized on it.

OK. I did not post here 3 1/2 years ago and I have never been out of the market. So not sure what you are referring to. In regards to “buy on the dippers,” not referring to you personally. I find it interesting that they vanish on bad market days, but to return on up days. Amusing that’s all. One day your buy on the dip strategy will be very unprofitable, but you will learn that soon enough.

sure one day it will be unprofitable. And the next day it will probably be profitable again. That's a no-brainer. One thing i like to do is to sell and cut my losses if such a trade drops to a 15% loss of the orig. investment. Then, if the market firms up, i may buy it on the way back up. This strategy has worked out more often than it has failed, or i would abandon it.

On bad days, like really bad days, i like to forget the whole thing and i'm none too eager to pontificate about it after market close. Glad you find something in that. Bad days on the market do bum me out, but it's worth it to me. I can understand how someone would opt for less risk and lower returns. But I have a lot of triple leveraged ETFs and stuff that is inherently risky. It might make sense to cash out while i am ahead or atleast move into safer investments and i toy with the idea of doing so either if we start a big drop or if we can get back to near the high again....

Correct me if i am wrong but i was fairly certain we labored on and on about how you largely cleared out of equities about 3 years ago in favor of long term treasuries, CDs, and things like that. 'Cash is king' comes to mind.

seattle prattle wrote:

Correct me if i am wrong but i was fairly certain we labored on and on about how you largely cleared out of equities about 3 years ago in favor of long term treasuries, CDs, and things like that. 'Cash is king' comes to mind.

That is incorrect.

Ghost of Igloi wrote:

The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.

My first post and subsequent dialogue has been twisted to support a narrative. Furthermore, if you look at the GMO projected asset returns (chart above) you will see cash is projected to be a superior asset class over the next 7 years, illustrating my initial point.

Fine. Let's blame it on the Russians. Fact check, anyone?

And i checked my numbers, and truth is, on a short term trade, i'd cut my losses at more like a 2.5% loss, not 15%.

seattle prattle wrote:

Fine. Let's blame it on the Russians. Fact check, anyone?

And i checked my numbers, and truth is, on a short term trade, i'd cut my losses at more like a 2.5% loss, not 15%.

Sure. Keep the myth going.

Ghost of Igloi wrote:

Sure. Keep the myth going.

You have been. For 3 years and counting.

You have created your own legacy: Mr. Market Trend.

Ghost of Igloi wrote:

In regards to “buy on the dippers,” not referring to you personally. I find it interesting that they vanish on bad market days, but to return on up days. Amusing that’s all.

Reading through the thread, I find very few examples of posters buying on the dip. Most, including you, are very tight-lipped about their personal investments.

Can you provide us with some documented examples “buy on the dippers” from this thread, especially ones who only post on up days. Thanks in advance.

No. It doesn’t matter to me to bother with your request. Do your own research,

Ghost of Igloi wrote:

No. It doesn’t matter to me to bother with your request. Do your own research,

He has no basis for this. Just like his claim most people will wait until the bottom and then sell.

I can only guess he tries to convince his clients that they will do this if they don't put their trust in him.