Down goes the Dow

Ghost of Igloi wrote:

Let’s take it to another level, how much higher does the S&P 500 need to rise above 2,088 (level when I first warned of rising valuations) to protect the principal from a -65% drop? If you think that is unrealistic remember the S&P 500 dropped 54% 2000-2002 (NASDAQ down -83%) and -59% 2007-2009.

Igy

You seriously cannot figure that out for yourself? It’s not rocket science.

Me too.

Not a rocket scientist wrote:

Ghost of Igloi wrote:

Let’s take it to another level, how much higher does the S&P 500 need to rise above 2,088 (level when I first warned of rising valuations) to protect the principal from a -65% drop? If you think that is unrealistic remember the S&P 500 dropped 54% 2000-2002 (NASDAQ down -83%) and -59% 2007-2009.

Igy

You seriously cannot figure that out for yourself? It’s not rocket science.

What’s the number? And do you think that is a reasonable cyclical high?

Sallly Vv wrote:

So what if there is a 65% drop? I am a long-term investor and welcome a drop like that. Because I can plow a lot more money into the market and the market will soon recover all of that 65% drop and even more!

Wow.

Would not mind losing 65% of your investments.

Can't make this shite up, folks.

5965.7

YikesB wrote:

Sallly Vv wrote:

So what if there is a 65% drop? I am a long-term investor and welcome a drop like that. Because I can plow a lot more money into the market and the market will soon recover all of that 65% drop and even more!

Wow.

Would not mind losing 65% of your investments.

Can't make this shite up, folks.

I would not lose 65% permanently. I would soon recoup that and more. The market WILL recover from any loss and return to its historical 10 to 11% annual return. Which other investment does that on a long-term and consistent basis?

Ghost of Igloi wrote:

truthseakr wrote:

26,000 today...all time record.....What is it like being such a dumbazz?

Meaningless with regards to the future.

Are you Paul Krugman?....lol...lol.....

Igy, serious question.....who handles the computations at your business?

Math Mann wrote:

semi-old geezer wrote:

An 80% increase, followed by a 50% decrease gives a net decrease of 10%, since $100x(1+0.80)x(1-0.50)=$100x1.8x0.5=$90.

Your math skills are better than Igy’s. But that’s true for just about everybody.

I (we) must be schizophrenic. ha ha.

semi-old geezer wrote:

Math Mann wrote:

Your math skills are better than Igy’s. But that’s true for just about everybody.

I (we) must be schizophrenic. ha ha.

I would describe you quite simply as a pathological liar, not unlike your hero Trump.

Oh, Snap!

semi-old geezer wrote:

Math Mann wrote:

Your math skills are better than Igy’s. But that’s true for just about everybody.

I (we) must be schizophrenic. ha ha.

Math-phobic is more like it.

kmaclam wrote:

Ghost of Igloi wrote:

2,700 * .80 = 1,080 + 2,700 = 3,780

3,780 *.40 = 1,512 -3,780 = 2,268 (change to plus to reflect difference)

Sad, but true.

Ghost of Igloi wrote:

kmaclam wrote:

Sad, but true.

Sad because of your inability to accurately do 4th grade math. Sadder because you either don’t realize your error, or are too vain to admit it.

Interesting, but 2.63 is 3 sig figs.

Ah, Gundlach is a smart guy from Amherst, which is my neck of the woods.

Love to read or listen to his market commentary.

You’re talking to yourself.