Down goes the Dow

Someone is pretending to be me. I made only one post today prior to this one.

There are a lot of trolls on this thread. If you are bearish I would register my handle. Most of the posters are raving bulls.

We're in a bull market. It's understandable that the dialogue would trend that way.

True. But when confronted with opposing views some posters are viscous. It apparently is challenging their religion. This is also true in a bull market. The believers are born of Hell's Fire.

They are viscous?

Yes.

True Believers.

Born of Hell's Fire.

Don't challenge the Religion.

Igy wrote:

Maybe Igy knows more than you.

Igy wrote:

True. But when confronted with opposing views some posters are viscous.

LOL

I am not Igy, but I can tell you are a True Believer. Born of Hell's Fire.

Another Igy lie. Dishonest as the day is long.

Also, can't do math or English. LOL

Man in the mirror.

Michael Jackson?

No.

https://www.pimco.com:0/en-us/insights/economic-and-market-commentary/investment-outlook/a-man-in-the-mirror/

Oh SNAP!

LOL

Yup. Michael Jackson. Good one.

Johnny Hussman wrote:

I thought you might enjoy my latest Weekly Commentary:

https://www.hussmanfunds.com/wmc/wmc170717.htm

😆

That's a well chosen emoji. Hussman is always good for a laugh.

Go, Pats!

Flagpole wrote:

The Uncle wrote:

No worries.

I started another thread and someone will dig up exactly what you did say.

Looks like that other thread was deleted. No one will be able to find a post of mine that says I wouldn't ever come back if Trump won, because I never said that or anything even close.

Not close? You did, I think you will admit, proclaim that HRC had 100% chance of winning as late as the evening of the election while belittling those who did not agree with you. If you did not swear to never post on letsrun.com again, you should have had the decency to have done so.

The Uncle wrote:

Flagpole wrote:

Looks like that other thread was deleted. No one will be able to find a post of mine that says I wouldn't ever come back if Trump won, because I never said that or anything even close.

Not close? You did, I think you will admit, proclaim that HRC had 100% chance of winning as late as the evening of the election while belittling those who did not agree with you. If you did not swear to never post on letsrun.com again, you should have had the decency to have done so.

You are a funny one. Yes, I said Trump had ZERO chance to win, and so far I have been proven wrong about that, BUT, if there is proven collusion with the Russians to help Trump win, then that is cheating, and I will declare that I was right all along...cheaters don't get to claim victory. BUT, what I never said was that I would never post here again if Trump won...whether you believe decency says I should have or not (it doesn't), I didn't do that which is what you said, so you were wrong. That's ok, you can be wrong.

The Uncle wrote:

Not close? You did, I think you will admit, proclaim that HRC had 100% chance of winning as late as the evening of the election while belittling those who did not agree with you. If you did not swear to never post on letsrun.com again, you should have had the decency to have done so.

Using that logic, someone who almost 4 years ago was betting the Dow would go below 13,000 should also have the decency to no longer post on letsrun.

We dredged up this “Picture This” history lesson, which we scribed and published years ago, because we keep hearing about valuations being too rich, this is the second longest bull market in history, the economy stinks, there is a stock market crash coming, the Hindenburg Omen, etc. Ladies and gentlemen, there is an old stock market axiom that states, “If you don’t change your indicators to adjust for the changing causal relationships, you are doomed to fail!” In past missives we have expressed the view that there are more high growth/high margin companies in the SPX that ever before, and that the tectonic shift by companies from tangible assets to intangible assets on their balance sheets, by definition suggests PE ratios should be higher than their historic norms. Moreover, to reiterate, if you take out the aberrationally low PEs of the 1970s/1980s that were driven by double-digit inflation/interest rates, and tally the average PE from the beginning of each year starting with 1990 through January of 2017, the average PE for the SPX has been 23.85.

https://www.advisorperspectives.com/commentaries/2017/07/11/picture-this