Ghost of Igloi wrote:
4/1/2018
So is this the correction a year from now the one you were cautioning people about and declaring "Cash is King" 2 1/2 to 3 years ago?
Ghost of Igloi wrote:
4/1/2018
So is this the correction a year from now the one you were cautioning people about and declaring "Cash is King" 2 1/2 to 3 years ago?
I still recommend cash, I always recommend cash. The market is only more overvalued than when I first posted here 3/2/2015. I will be sure to remind you about how wrong you will be. You will most likely be hiding, never to return. A poor and rotting mellon.
Ghost of Igloi wrote:
I will be sure to remind you about how wrong you will be.
You told me that 2 1/2 years ago. The only way I could have been wrong is if I listened to you.
Obviously, you can lay claim to never losing any money while you skillfully manage your cash. Please provide us with some commentary, graphs and charts on how you do that.
Dow
3/2/2015...18,288.63
5/23/2017...20,937.91
Up 14.5%
Reality Checker #2: 17,888 on 11/4/2016. Unless you sell somewhere along the way all you have is paper gains. Means nothing, and when something bad happens, if you have no cash, there is nothing you can do.And if you are like most investors, you will ride it down, and sell at the bottom.
Reality checker wrote:
Dow
3/2/2015...18,288.63
5/23/2017...20,937.91
Up 14.5%
Igy tells us his first post in this thread was on 3/2/2015. Exactly one week later the post below appeared from arguably the most rational poster on this thread. Some things never change.
agip wrote:
I'm tiring of you, iggy. You make outlandish claims and then when refuted you refuse to acknowledge your incorrectness. What's the point of arguing if you can make false claims and not acknowledge your error?
You should include the entire post, but you have your agenda. Here is what agip objected to:
"Six years ago today the S&P 500 hit an intra-day low of 666, yet the market has tripled during that time period. Has the economy improved, or has Federal Reserve monetary policy juiced by low interest rates and accomodation done the trick? What do you think?"
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=233#ixzz4hwB4hH3Q
Buy your shoes from LetsRun and save 20% everday
I stand by that comment. The economy has been stuck at 1.9% GDP for years, and Q1 2017 was under 1%. FED policies have done more for the stock market than for the economy.
Ghost of Igloi wrote:
Reality Checker #2: 17,888 on 11/4/2016. Unless you sell somewhere along the way all you have is paper gains. Means nothing, and when something bad happens, if you have no cash, there is nothing you can do.
And if you are like most investors, you will ride it down, and sell at the bottom.
Reality checker wrote:Dow
3/2/2015...18,288.63
5/23/2017...20,937.91
Up 14.5%
Actually you do have gains, you have dividend income paid out during this time period. Of course if you reinvest automatically then you do not, but then the gain listed here is understated.
m runner wrote:
Ghost of Igloi wrote:Reality Checker #2: 17,888 on 11/4/2016. Unless you sell somewhere along the way all you have is paper gains. Means nothing, and when something bad happens, if you have no cash, there is nothing you can do.
And if you are like most investors, you will ride it down, and sell at the bottom.
Actually you do have gains, you have dividend income paid out during this time period. Of course if you reinvest automatically then you do not, but then the gain listed here is understated.
Agreed and my argument has never been against stocks or passive investing. My argument is that at this valuation the 10 year expected return in stocks is quite low, on the high side dividend income only. Hey if you are young and can truly stay invested when down 50%, then good for you. If you are 60 and allocated to 60/40 stock/bond portfolio, plan on working longer.
Igy
You can't see the forest for the trees.
Ghost of Igloi wrote:
You should include the entire post, but you have your agenda. Here is what agip objected to:
"Six years ago today the S&P 500 hit an intra-day low of 666, yet the market has tripled during that time period. Has the economy improved, or has Federal Reserve monetary policy juiced by low interest rates and accomodation done the trick? What do you think?"
I stand by that comment. The economy has been stuck at 1.9% GDP for years, and Q1 2017 was under 1%. FED policies have done more for the stock market than for the economy.
If you're going to criticize soneone for not including the entire post, why do you also not quote the entire post? Can you say "hypocrite"?
[quote]Ghost of Igloi wrote:
Reality Checker #2: 17,888 on 11/4/2016. Unless you sell somewhere along the way all you have is paper gains. Means nothing,
Huh? Why do you guys think this? "Paper" gains are real.
Huh? I guess if the Dow plummets to 9,500 those loses are real as well.
Hypocrite detector wrote:
Ghost of Igloi wrote:You should include the entire post, but you have your agenda. Here is what agip objected to:
"Six years ago today the S&P 500 hit an intra-day low of 666, yet the market has tripled during that time period. Has the economy improved, or has Federal Reserve monetary policy juiced by low interest rates and accomodation done the trick? What do you think?"
I stand by that comment. The economy has been stuck at 1.9% GDP for years, and Q1 2017 was under 1%. FED policies have done more for the stock market than for the economy.
If you're going to criticize soneone for not including the entire post, why do you also not quote the entire post? Can you say "hypocrite"?
No, but since I included a link to the post, can you say dick head?
Yes. You are a dick head.
Do you not realize that you are doing exactly what agip called you out for?
Fully answered agip. Fully answered your accusations. But you don't want that. Why, because you are the dick head troll Detector Dude.
You really must not have much of a life.
The point is that your answers are fantasies and lies. Try to keep up.
Faker.
Loser.
Sorry.
Mutha.
F ER.
Are those your other handles?
No, but you should consolidate your multiple troll handles, abbreviated to FLSMF.
You must really have zero redeeming qualities. If you have children or a wife, I can only imagine how you tarnish them. One strange person.
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