agip wrote:
another round of all time highs
yawn
but seriously, remember these times of daily new highs...at some point the market will be mired 15% below its old highs and grinding away at nothing, day after day. We will be waiting and waiting for days like these to return.
15%?
Taming of the Trews wrote:
Trews wrote:How about since March 2001? Or 2002? 2003?
You get the picture. Anyone can cherry pick a date to make the data fit their narrative. The glaring fault in your argument is that you have to go back over 17 years to find such a data point.
No. It is market top to market top. Much more valid than a low to a top. Or using 100 years of data to predict the future from here. But of course that is inconvenient to your argument.
The MOST valid time frame is from 'buy' to 'sell'. Everything else is meaningless.
The Latest Conference Board Leading Economic Index (LEI) for June increased to 127.8 from 127.0 in May and is currently at an all-time high. The 0.6 percent month-over-month gain was better than the 0.4% increase forecast by Briefing.com.
Investment Advisor wrote:
Taming of the Trews wrote:No. It is market top to market top. Much more valid than a low to a top. Or using 100 years of data to predict the future from here. But of course that is inconvenient to your argument.
The MOST valid time frame is from 'buy' to 'sell'. Everything else is meaningless.
And as an investment advisor you should know that most people buy at the top and sell at the bottom.
False.
I think you are full of something, and it ain't facts:
https://www.thebalance.com/why-average-investors-earn-below-average-market-returns-2388519
That article contradicts what you wrote. You have proven yourself wrong.
Fact checker wrote:
That article contradicts what you wrote. You have proven yourself wrong.
I guess reading comprehension was a poor secondary school subject, or you just enjoy lying is more likely. From the article "Fact Checker":
"Study after study shows that when the stock market goes up, investors put more money in it. And when it goes down, they pull money out. This is akin to running to the mall every time the price of something goes up, and then returning the merchandise when it is on sale - but you are returning it to a store that will only give you the sale price back. This irrational behavior causes investor market returns to be substantially less than historical stock market returns."
It would appear that your mathematical comprehension is lacking.
You: "And as an investment advisor you should know that most people buy at the top and sell at the bottom."
Article: "For the twenty years ending 12/31/2015....The average equity fund investor earned a market return of only 5.19%."
If most buy at the top and sell at the bottom, the average return would be negative.
As usual your fact checking is colored by your twisting of the entire quote. Why did you leave it out?
"For the twenty years ending 12/31/2015, the S&P 500 Index averaged 9.85% a year. A pretty attractive historical return. The average equity fund investor earned a market return of only 5.19%."
Oh, that's right it doesn't fit your narrative.
It's irrelevant to the discussion. There's no doubt that, on average, investors do not do as well as the indices. That's not the debate.
But that's not the same as most investors buy at the top and sell at the bottom, as you suggested.
You sound a lot like Igy.
The top and bottom are figures of speech, you know the point, and you are wrong as demonstrated. It is a fact that investors get excited about a rising market and depressed at the bottom. Perhaps you don't understand this because you are an average investor.
I am not Igy and you sound like the average bullish poster on this thread.
You are clearly Igy as evidenced by your inability to admit when you are wrong.
I proved one thing, your fact checking and reading comprehension needs some work. In regards to any character assassination, you would be better off not trying to lie and expect not to get called on it.
You prove my point.
I followed this debate and Fact Checker you lose.
Again you prove my point, Igy.
Apparently you think everyone that disagrees with you is Igy.
False.
Earnings Scorecard: As of today (with 19% of the companies in the S&P 500 reporting actual results for Q2 2017), 73% of S&P 500 companies have beat the mean EPS estimate and 77% of S&P 500 companies have beat the mean sales estimate.