Down goes the Dow

You don't know me, so STFU. Ride your E*Trade account to oblivion.

^^ For those of you who were wondering what Donald Trump does when he’s not tweeting, apparently he's been posting on this thread.

Bono's No No wrote:

STFU.

You need to direct your personal attacks to those who are attacking you!

All eight indexes on our world watch list have posted gains for 2017 through September 25.

https://www.advisorperspectives.com/dshort/updates/2017/09/25/world-markets-update?

Portia wrote:

All eight indexes on our world watch list have posted gains for 2017 through September 25.

https://www.advisorperspectives.com/dshort/updates/2017/09/25/world-markets-update?

Please! No "Yippies" or Hoorays"

Especially for those who have been waiting for the pending crash for the past 3 years. The gains on that cash stuff in your mattress has been substantial.

"Investors and even financial professionals rarely recognize asset bubbles while they are in progress. As the price of a financial asset rises, investors have an increasing tendency to use the past returns and the past trajectory of the asset as the basis for their future return expectations. The more extended the advance, and the higher valuations become, the more stable and promising the investment can appear to be, when judged through the rear-view mirror. That extrapolation was at the root of the tech bubble that ended in 2000, and the mortgage bubble that ended in 2007. It is also at the root of the very mature bubble that has again been established today. The exodus of investors from flexible investment disciplines to passive investing and indexing, at valuations that are among the most obscene in history, is a symptom of a performance-chasing mentality dressed in the clothing of prudence."

--John Hussman, Weekly Commentary 2/6/2017

Thanks for that awesome example of Hussman's ineptitude. The Dow is up over 11% since he wrote that.

That will mean very little when the Dow is back at 7,500.

Mayfield wrote:

Thanks for that awesome example of Hussman's ineptitude. The Dow is up over 11% since he wrote that.

That’s almost as funny as your last post. Do you do stand up?

I assume you won't be laughing. It has already happened twice in the last 17 1/2 years and median valuations are more stretched today. But you aren't a student of market history.

I’m enough of a student to know that over the history of the market, it has an average annual return of about 10%. Too bad you didn’t know that or you might be making some coin instead of crying in your beer.

Henny Y wrote:

I’m enough of a student to know that over the history of the market, it has an average annual return of about 10%. Too bad you didn’t know that or you might be making some coin instead of crying in your beer.

Henry, prove that to me? Where is the evidence?

Henry you can't provide evidence.

Over the last 100 years the compound annual growth rate of the Dow Jones Industrial Average is 5.5%.

all time high today for US small caps.

agip wrote:

all time high today for US small caps.

Yippee!

Next big move......lower........

Yippie......lower prices mean better value you idiot!

Kurtiss wrote:

Over the last 100 years the compound annual growth rate of the Dow Jones Industrial Average is 5.5%.

Cash in mattress over past 3 years = 3.7% loss

It will pale in comparison to your 60% portfolio loss.

Kurtiss wrote:

Henny Y wrote:

I’m enough of a student to know that over the history of the market, it has an average annual return of about 10%. Too bad you didn’t know that or you might be making some coin instead of crying in your beer.

Henry, prove that to me? Where is the evidence?

Are you completely incompetent? Notice I didn’t ask you for proof of your statement. That’s because I know how to use Google. By the way, it took me about 10 seconds to find this: “During the 20th century the stock market returned an average of 10.4% a year.”