Vanguard, Fidelity, E*Trade, myriad of robo-advisors are Wall Street Firms. The sources you quote like FactSet are Wall Street firms. To say an retail advisor is a Wall Street insider is disingenuous as well as foolish. So you are most likely a manipulative putz, or an ignorant sap. Which is it?
Ghost of Igloi wrote:
Vanguard, Fidelity, E*Trade, myriad of robo-advisors are Wall Street Firms. The sources you quote like FactSet are Wall Street firms. To say an retail advisor is a Wall Street insider is disingenuous as well as foolish. So you are most likely a manipulative putz, or an ignorant sap. Which is it?
I’ve quoted none of those, even though most (all?) are headquartered someplace other than NYC. You work for a company headquartered on Broadway which explains your constant shilling on their behalf.
Like I thought a manipulative putz. Or perhaps you are so ignorant that you believe that the index funds you buy are not packaged by Wall Street, or your god Bogle is not a Wall Street Frankenstein. But we knew you were both ignorant and a manipulative putz .
As usual, you make up stories to distract from the real story here which is that you are a WS shill.
Anything but, however you are an ignorant manipulative putz.
Ghost of Igloi wrote:
Anything but, however you are an ignorant manipulative putz.
Ah yes, the usual insult in absence of a rational argument. You lose again.
You never have an argument because you are an ignorant manipulative putz. That is what you do.
I have offered a rational argument. You have offered no counter argument because you have an indefensible position. Yet you continue to babble the loser's rhetoric.
Interesting, since you are the consumer of the Wall Street pitch book, be it buy and hold propaganda or index funds.
Gruntz wrote:
As usual, you make up stories to distract from the real story here which is that you are a WS shill.
another round of all time highs today
US stocks up around 17% this year so far
huge year.
Bottom Line:
You called for a big decline 3 years ago, and since. That hasn't happened.
No crime committed! Other than coming across like you've been spot on. I understand you want your clients to believe you know what you're talking about.
You mis-timed the market. Moving out of the market today, may be a smart move. 3, 2, 1 year ago? Not
Personally, I think it's going to run for awhile longer. I may turn out to be as wrong as you have been.
mellon wrote:
Bottom Line:
You called for a big decline 3 years ago, and since. That hasn't happened.
No crime committed! Other than coming across like you've been spot on. I understand you want your clients to believe you know what you're talking about.
You mis-timed the market. Moving out of the market today, may be a smart move. 3, 2, 1 year ago? Not
Personally, I think it's going to run for awhile longer. I may turn out to be as wrong as you have been.
Since you did not answer all the questions, I will.
1. It will only take a decline of -17.8% to get back to the level I first posted on 3/2/2015. Of course you continue to say three years, or that I advocated zero stock holding, both of which are mischaraterizations you purposely promote. And by the -17.8% is not even bear market territory.
2. I interpret your answer to be we are not likely to see a decline of that magnitude in the near future. You may be correct but market history says that occurrence would be highly likely.
Igy
Ghost of Igloi wrote:
1. It will only take a decline of -17.8% to get back to the level I first posted on 3/2/2015. Of course you continue to say three years, or that I advocated zero stock holding, both of which are mischaraterizations you purposely promote. And by the -17.8% is not even bear market territory.
Igy
Dow close 3/2/2015: 17,856.78
Dow close 11/1/2017: 23,435.01
Percentage drop required to return to 3/2/2015 level: 23.8% (bear market territory)
Matt Mann wrote:
Ghost of Igloi wrote:
1. It will only take a decline of -17.8% to get back to the level I first posted on 3/2/2015. Of course you continue to say three years, or that I advocated zero stock holding, both of which are mischaraterizations you purposely promote. And by the -17.8% is not even bear market territory.
Igy
Dow close 3/2/2015: 17,856.78
Dow close 11/1/2017: 23,435.01
Percentage drop required to return to 3/2/2015 level: 23.8% (bear market territory)
That was not the question(s):
"Mellon,
Since you profess to be both an Igy and market expert, let me ask you a couple of questions.
1. I first posted here on March 2, 2015, how much of a decline in today’s S&P 500 index closing price is required to reach the closing price that earlier date?
2. Would you consider the magnitude of that decline in the next three months to be:
A. Highly likely
B. Somewhat likely
C. Somewhat unlikely
D. Highly unlikely"
Ghost of Igloi wrote:
1. It will only take a decline of -17.8% to get back to the level I first posted on 3/2/2015. Of course you continue to say three years, or that I advocated zero stock holding, both of which are mischaraterizations you purposely promote. And by the -17.8% is not even bear market territory.
Igy
S&P close 3/2/2015: 2,071.26
S&0 close 11/1/2017: 2,579.36
Percentage drop required to return to 3/2/2015 level: 19.7% (rounds to bear market territory)
No, the close on 3/2/2015 was 2117, the close on 10/31/2017, the date in question was 2575.
Do the math Matt Mann.
Ghost of Igloi wrote:
No, the close on 3/2/2015 was 2117, the close on 10/31/2017, the date in question was 2575.
Do the math Matt Mann.
2117 was the high.
2071 was the close.
Oh Snap!
Matt Mann wrote:
Ghost of Igloi wrote:
No, the close on 3/2/2015 was 2117, the close on 10/31/2017, the date in question was 2575.
Do the math Matt Mann.
2117 was the high.
2071 was the close.
Wrong again:
Mar 2, 2015 Open=2,105.23 High=2,117.52 Low=2,104.50 Close=2,117.39 516,612,174
Do your math again MattMann