jesseriley wrote:
So, do you actually believe you are a ghost? Also, do you believe you’re a traitor?
You really make no sense at all. And you fo this all day and night. You really do need more or perhaps less CBD oil. We’ll let you decide.
jesseriley wrote:
So, do you actually believe you are a ghost? Also, do you believe you’re a traitor?
Punter wrote:
Yes, valuations matter. But they are not the only metric that affects the markets. This is why Ghost’s myopic view is flawed. Valuations have been high for years, yet the markets have set new records. Eventually the markets will fall, but it will not be valuations alone that cause that. It’s just not as simple as Ghost would have us believe.
History is cited often in this thread as the one truth regarding the markets. If one believes that history will repeat itself and one has a reasonably long investment horizon, then the best course of action is to stay invested in equities (buy and hold).
Ghost of Igloi wrote:
Punter wrote:
Yes, valuations matter. But they are not the only metric that affects the markets. This is why Ghost’s myopic view is flawed. Valuations have been high for years, yet the markets have set new records. Eventually the markets will fall, but it will not be valuations alone that cause that. It’s just not as simple as Ghost would have us believe.
History is cited often in this thread as the one truth regarding the markets. If one believes that history will repeat itself and one has a reasonably long investment horizon, then the best course of action is to stay invested in equities (buy and hold).
I actually believe in most of what you have written. However, I believe valuations are much more informative than your view, just not as a market timing mechanism.
Ghost of Igloi wrote:
Only time will tell if your purchases made since 2011 will pay off. I say they won’t😢.
Did Igy really say that? When? Recently?
mister wrote:
Ghost of Igloi wrote:
Only time will tell if your purchases made since 2011 will pay off. I say they won’t😢.
8 years and counting.
Why would we doubt anything you post.
Mouth Breather wrote:
Ghost of Igloi wrote:
Punter wrote:
Yes, valuations matter. But they are not the only metric that affects the markets. This is why Ghost’s myopic view is flawed. Valuations have been high for years, yet the markets have set new records. Eventually the markets will fall, but it will not be valuations alone that cause that. It’s just not as simple as Ghost would have us believe.
History is cited often in this thread as the one truth regarding the markets. If one believes that history will repeat itself and one has a reasonably long investment horizon, then the best course of action is to stay invested in equities (buy and hold).
I actually believe in most of what you have written. However, I believe valuations are much more informative than your view, just not as a market timing mechanism.
Tell us how valuations are informative. They certainly have not been very good at predicting a market downfall.
Ghost of Igloi wrote:
Well the market is negative since the first day of trading 2018. Really won’t matter since the market will bottom this cycle 50-65% lower wiping out returns you considered durable. Believe and put your money where you wish.
seattle prattle wrote:
mister wrote:
Ghost of Igloi wrote:
Only time will tell if your purchases made since 2011 will pay off. I say they won’t😢.
8 years and counting.
Why would we doubt anything you post.
Did Igy really say that? When? Recently?
Mouth Breather wrote:
Mouth Breather wrote:
Ghost of Igloi wrote:
Punter wrote:
Yes, valuations matter. But they are not the only metric that affects the markets. This is why Ghost’s myopic view is flawed. Valuations have been high for years, yet the markets have set new records. Eventually the markets will fall, but it will not be valuations alone that cause that. It’s just not as simple as Ghost would have us believe.
History is cited often in this thread as the one truth regarding the markets. If one believes that history will repeat itself and one has a reasonably long investment horizon, then the best course of action is to stay invested in equities (buy and hold).
I actually believe in most of what you have written. However, I believe valuations are much more informative than your view, just not as a market timing mechanism.
Tell us how valuations are informative. They certainly have not been very good at predicting a market downfall.
Ghost of Igloi wrote:
Well the market is negative since the first day of trading 2018. Really won’t matter since the market will bottom this cycle 50-65% lower wiping out returns you considered durable. Believe and put your money where you wish.
Not true. Both the Dow and S&P are ahead of where they started 2018. But that wasn’t what I asked about.
Care to try again? How are valuations informative?
Thanks
Ghost of Igloi wrote:
Wineturtle,
I have no opinion on TSN, but does not seem a great value at current price.
I would review the financials on page 23 of the 2018 Annual Report:
https://s22.q4cdn.com/104708849/files/doc_financials/quartely/2018/q4/TSN-FY18-10-K.pdf
The sales are relatively flat for five years, debt rising as company buys back stock at ever higher prices. Net income is up, but paid no taxes 2018 based on prior losses. I would review risk disclosures in annual statement.
Igy