Down goes the Dow

Wrong thread wrote:

Uncle Beemer wrote:

Just like I and F.

Ignorant Fool.

You appear to be lost.

Nah. Just the usual name theft by the usual buffoon.

[quote]Bob Shiller wrote:

I would say it is more relevant than a bull posting record Dow Jones closing value. But both are inadequate stock market valuation metrics.

WTF are valuation metrics? Can't you put things into everyday English?

Unc, here are three more valuation metrics, of course not my fav:

https://www.fool.com/investing/2017/03/20/the-3-most-important-valuation-metrics.aspx

small caps now breaking out to all time highs. They had been lagging, so that's very bullish.

a major bear argument has been 'almost all the gain in the SP500 is from 5 giant tech stocks'

and that has been somewhat correct, and worrying.

But now that small caps are joining in the rally, that is reassuring.

agip wrote:

small caps now breaking out to all time highs. They had been lagging, so that's very bullish.

a major bear argument has been 'almost all the gain in the SP500 is from 5 giant tech stocks'

and that has been somewhat correct, and worrying.

But now that small caps are joining in the rally, that is reassuring.

I say this rally goes all the way back to March 2009...more than 8 years of almost untethered growth. I'm sure most people who weren't in the market in 2009 wish they had been, and I'm sure the OP wishes he had stayed in the market when he began this thread.

Flagpole wrote:

I say this rally goes all the way back to March 2009...more than 8 years of almost untethered growth. I'm sure most people who weren't in the market in 2009 wish they had been, and I'm sure the OP wishes he had stayed in the market when he began this thread.

He just hid behind a new handle a couple of years later, and is doing it again!

I don't blame him for be embarrassed.

Another reminder not to listen to doomsayers.

Harry Dent, forecasting 3 years ago that we'd be down around Dow 6000 at this time.

“Every crash has taken us to new lows,” he points out, “so the last crash took us down to 6,442 on the Dow and the next projection would be around late 2016, early 2017 somewhere around 5,500 - 6,000.”

https://finance.yahoo.com/news/dow-6-000--next-wild-prediction-or-worthwhile-caution-201540720.html

Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a 1999 book by syndicated columnist, James K. Glassman and American Enterprise Institute scholar and former Federal Reserve economist, Kevin A. Hassett. in which they argued that stocks in 1999 were significantly undervalued and concluded that there would be a fourfold market increase with the Dow Jones Industrial Average (DJIA) rising to 36,000 by 2002 or 2004.The book was published in 1999, shortly before the dot-com bubble burst and the 2001 September 11 attacks, and had predicted that stocks would rise quickly to 36,000. Instead the DJIA fell dramatically.

These examples just prove that market predictions aren't worth spit. That's one reason so many here laugh at Igy and his ridiculous forecasts. He, like the rest of us, doesn't have a clue.

All we know is what is happening now and that is that the market is up. Tomorrow it may be down. Or not. No one knows.

Flagpole wrote:

agip wrote:

small caps now breaking out to all time highs. They had been lagging, so that's very bullish.

a major bear argument has been 'almost all the gain in the SP500 is from 5 giant tech stocks'

and that has been somewhat correct, and worrying.

But now that small caps are joining in the rally, that is reassuring.

I say this rally goes all the way back to March 2009...more than 8 years of almost untethered growth. I'm sure most people who weren't in the market in 2009 wish they had been, and I'm sure the OP wishes he had stayed in the market when he began this thread.

No biggie. I lost some money by not being "in" (I have had relatively small amounts in the market the past few years) since the thread began. But i saved a ton bailing early in 2008 and have plenty to retire on so I ain't sweating it.

Aren't you the guy who swore never to return to Letsrun if Trump won?

[quote]agip wrote:

Another reminder not to listen to doomsayers.

Harry Dent, forecasting 3 years ago that we'd be down around Dow 6000 at this time.

“Every crash has taken us to new lows,” he points out, “so the last crash took us down to 6,442 on the Dow and the next projection would be around late 2016, early 2017 somewhere around 5,500 - 6,000.”

Gee. I guess this means another major crash like we saw in 2000-2002 and 2008-2009 is nowhere in sight.

That's not what that means at all.

Uncle Beemer wrote:

Aren't you the guy who swore never to return to Letsrun if Trump won?

Where do people get these ideas? I never said anything of the sort.

It doesn't matter, Flaggy. Igy said he wouldn't return until the market hit 18,000, but he's been trolling up a storm lately.

you sure have a thing about this Igy character

how now brown cow wrote:

you sure have a thing about this Igy character

You wish.

4 posts from the gruntz and 3 Igy mentions

I'd call that a thing

Two posts in a row from Igy where he mentions himself.