Zyppah....get one.....
Zyppah....get one.....
Irony Mann wrote:
Ghost of Igloi wrote:
Said by the guy that posts the same nonsense. About time you get a remodel. Snore......
Oh, the irony...AGAIN!!
Poor Igy. He obviously doesn’t have a clue what any of this means. Otherwise he wouldn’t keep stepping in it. Ignorance is bliss.
Zyppah for you too.....snore.....
Igy, eventually you will be proven right, but at what point do you admit you've been wrong for quite a while?
Let’s be clear here. I have said stocks are an overvalued asset, and investors should adjust their allocation accordingly. The fact that stocks have become more overvalued simply means more trimming along the way. Even using a generous fair value calculation of $108 EPS x 16.5 historic multiple results in a 1,782 S&P 500. Markets not only mean revert, they mean invert. So, I think a more likely downside target for the index is Hussman’s under 1,000 S&P 500, a level approached in the last two downturns. Investors that believe something has fundamentally changed since 11/4/2016 are deluding themselves.
Igy
Please answer the question.
Saw a guy on Squawk Box this morning that says we are in the middle of a 15 year bull market.
mellon wrote:
People sitting on the sidelines waiting for this big correction are wasting their time and money. Too much money being fed into the market daily by retirement funds (IRA's 401K's etc.) These people aren't playing with their money, they're just pumping it in.
These little 1 @ 2% swings are going to continue to happen, but anything short of some major global event this market isn't going to take a major step backwards anytime soon.
You might as well admit you've been a fool (like the OP), and get back in now.
Don't embarrass yourself with the same response of 2 1/2 years ago.
There have been no sustained major corrections since I posted this. Unlike, you I do not make open time frame statements.
I would not claim that sometime by the end of the century a major correction will happen. When I posted that the major correction everyone was predicting on here may never happen, I assumed those predictions were within a reasonable time frame (1-2-3 years), not sometime in our lifetime.
original idiot wrote:
Igy, eventually you will be proven right, but at what point do you admit you've been wrong for quite a while?
Don’t hold your breath waiting for Igy to admit to his mistakes. He’s too conceited to do that. Or maybe he’s intelligent enough to realize there isn’t enough time in the day.
All eight indexes on our world watch list have posted gains for 2017 through November 6.
https://www.advisorperspectives.com/dshort/updates/2017/11/06/world-markets-update
?
mellon wrote:
mellon wrote:
People sitting on the sidelines waiting for this big correction are wasting their time and money. Too much money being fed into the market daily by retirement funds (IRA's 401K's etc.) These people aren't playing with their money, they're just pumping it in.
These little 1 @ 2% swings are going to continue to happen, but anything short of some major global event this market isn't going to take a major step backwards anytime soon.
You might as well admit you've been a fool (like the OP), and get back in now.
Don't embarrass yourself with the same response of 2 1/2 years ago.
There have been no sustained major corrections since I posted this. Unlike, you I do not make open time frame statements.
I would not claim that sometime by the end of the century a major correction will happen. When I posted that the major correction everyone was predicting on here may never happen, I assumed those predictions were within a reasonable time frame (1-2-3 years), not sometime in our lifetime.
That’s your “long narrative” written so long ago. Oh such thoughtful insight investors “pumping” money into retirement plans. How profound.
Now that is an embarrassment.
Face the fax wrote:
original idiot wrote:
Igy, eventually you will be proven right, but at what point do you admit you've been wrong for quite a while?
Don’t hold your breath waiting for Igy to admit to his mistakes. He’s too conceited to do that. Or maybe he’s intelligent enough to realize there isn’t enough time in the day.
Yes I apologize for not recognizing the credulity of investors like you. I should have realized it was all just money pumping into IRAs, 401k and other retirement plans. Blindly I might add.
middle man wrote:
Saw a guy on Squawk Box this morning that says we are in the middle of a 15 year bull market.
Yea, another Wall Street shrill. Don’t be fooled listen to DGTD clones.
http://www.multpl.com/shiller-pe/Portia wrote:
All eight indexes on our world watch list have posted gains for 2017 through November 6.
https://www.advisorperspectives.com/dshort/updates/2017/11/06/world-markets-update?
Ghost of Igloi wrote:
Face the fax wrote:
Don’t hold your breath waiting for Igy to admit to his mistakes. He’s too conceited to do that. Or maybe he’s intelligent enough to realize there isn’t enough time in the day.
Yes I apologize for not recognizing the credulity of investors like you. I should have realized it was all just money pumping into IRAs, 401k and other retirement plans. Blindly I might add.
Don't get me wrong, Igy, I'm not trying to be critical, per se. I'm confident you will be right eventually, and I don't think it's a case of a blind squirrel finding a nut, nor a stopped clock being right twice a day. I can see you have weighed in with an opinion based on sound principals. And while I agree with you in general that expecting this time to be "different" is certainly (largely) wrong and maybe foolish, so far the market is bearing out a truth that this time it IS different, at least for now. In that the bull run has maintained a good head of steam in the face of contrary indicators. Eventually it will run out of steam and turn down (probably sharply and significantly), at which point we may be able to recognize the final signals. But for now, the market is behaving counterintuitively (and may well continue to do so for months or years, who knows?)
Sitting out of the market now, with the benefit of hindsight, would have been a horribly bad idea. Whether it would have been the same kind of bad idea without the benefit of hindsight depends, I think, to a large degree on one's risk tolerance and investment horizon.
Ghost of Igloi wrote:
Face the fax wrote:
Don’t hold your breath waiting for Igy to admit to his mistakes. He’s too conceited to do that. Or maybe he’s intelligent enough to realize there isn’t enough time in the day.
Yes I apologize for not recognizing the credulity of investors like you. I should have realized it was all just money pumping into IRAs, 401k and other retirement plans. Blindly I might add.
Given your position, it’s quite ironic that you accuse others of being credulous.
original idiot wrote:
Ghost of Igloi wrote:
Yes I apologize for not recognizing the credulity of investors like you. I should have realized it was all just money pumping into IRAs, 401k and other retirement plans. Blindly I might add.
Don't get me wrong, Igy, I'm not trying to be critical, per se. I'm confident you will be right eventually, and I don't think it's a case of a blind squirrel finding a nut, nor a stopped clock being right twice a day. I can see you have weighed in with an opinion based on sound principals. And while I agree with you in general that expecting this time to be "different" is certainly (largely) wrong and maybe foolish, so far the market is bearing out a truth that this time it IS different, at least for now. In that the bull run has maintained a good head of steam in the face of contrary indicators. Eventually it will run out of steam and turn down (probably sharply and significantly), at which point we may be able to recognize the final signals. But for now, the market is behaving counterintuitively (and may well continue to do so for months or years, who knows?)
Sitting out of the market now, with the benefit of hindsight, would have been a horribly bad idea. Whether it would have been the same kind of bad idea without the benefit of hindsight depends, I think, to a large degree on one's risk tolerance and investment horizon.
Ah, nice, but I never said sit out of the market.
Igy
Jose Canusee wrote:
Ghost of Igloi wrote:
Yes I apologize for not recognizing the credulity of investors like you. I should have realized it was all just money pumping into IRAs, 401k and other retirement plans. Blindly I might add.
Given your position, it’s quite ironic that you accuse others of being credulous.
Sure Jose . I forgot about all the cash on the sidelines pumping into retirement accounts. My bad.
Ghost of Igloi wrote:
mellon wrote:
Don't embarrass yourself with the same response of 2 1/2 years ago.
There have been no sustained major corrections since I posted this. Unlike, you I do not make open time frame statements.
I would not claim that sometime by the end of the century a major correction will happen. When I posted that the major correction everyone was predicting on here may never happen, I assumed those predictions were within a reasonable time frame (1-2-3 years), not sometime in our lifetime.
That’s your “long narrative” written so long ago. Oh such thoughtful insight investors “pumping” money into retirement plans. How profound.
Now that is an embarrassment.
Obviously, your comments 2 years & 9 months ago on why the market is about to crash have been far more accurate.
Oh, Snap!