You'll see wrote:
Layer wrote:
The saps are the ones who panicked over a small and short-lived correction.
You'll see.
I already have. The S&P 500 rose 4.3 percent this week, posting its best weekly performance in five years. The broad index also closed higher for a sixth straight session, along with the Dow.
First...someone need to start "Down Goes The Dow 2"....this thread is bloated and slow.
Second, I'm out. This market is insane. Nothing makes sense anymore. Too many newbies throwing their few hundred or a few thousand dollars they've taken a decade to save to bet on some popular stock, without any thought of the financials or fundamentals. People taking out loans to bet on Bitcoin. Margin debt going sky high. The market is euphoric and nuts--like in the 1920's. My gut is screaming "get out", so I'm out. Cashed in for some amazing profits, and moving into laddered cash vehicles until after the levee breaks. At which time, I'll be buying low at bargain prices.
Resist the temptation to react to financial headlines.
We long ago past the point of investing. At this point the stock market is pure gambling. Investing is giving a corporation some cash, to invest, and having them return a profit by way of a dividend and/or increased equity. At this stage the best you can hope for is to take some fool's money who didn't have enough sense to get out.
hey, i've got a last few percent that i have kept sitting on the sidelines in case we go lower and i want to buy on the dip, but this notion that we've all gone nuts and have sold our mother's into prostitution to play the market, well, i'm just not seeing it. But by all means, participate at whatever level you feel comfortable at. Thanks for sharing your opinion.
ghost of 29 wrote:
We long ago past the point of investing. At this point the stock market is pure gambling. Investing is giving a corporation some cash, to invest, and having them return a profit by way of a dividend and/or increased equity. At this stage the best you can hope for is to take some fool's money who didn't have enough sense to get out.
You need to read the article above your post. You are the poster child for recently bias.
ghost of 29 wrote:
We long ago past the point of investing. At this point the stock market is pure gambling. Investing is giving a corporation some cash, to invest, and having them return a profit by way of a dividend and/or increased equity. At this stage the best you can hope for is to take some fool's money who didn't have enough sense to get out.
I don't think it works that way. After the initial public offering (IPO), the company of the shares you buy does not get the money from your stock purchase. You are buying the shares from another investor willing to sell them for that price.
Layer wrote:
Uncle Warren wrote:
I am glad you didn’t either. We need saps, I mean folks like you.
WB
The saps are the ones who panicked over a small and short-lived correction.
Not over a small and short lived correction, but for 3 plus years while the market has been going like gang busters.
mellon wrote:
Layer wrote:
The saps are the ones who panicked over a small and short-lived correction.
Not over a small and short lived correction, but for 3 plus years while the market has been going like gang busters.
Wrong, the market went nowhere from 12/31/2014 through 11/4/2016, so all the gains have been since the election.
of course you can pick some windows when it stayed even. Christ, you could even pick a window when it may have dropped a few percent. That wasn't his point. It has gone up in recent years. By a lot. A fact that many of us have used to our benefit.
So. Anyone who has had money invested in just about anything has seen the value go up.
Layer wrote:
You'll see wrote:
You'll see.
I already have. The S&P 500 rose 4.3 percent this week, posting its best weekly performance in five years. The broad index also closed higher for a sixth straight session, along with the Dow.
AND how did that "best weekly performance in five years" compare with the previous week?
This thing is coming down and coming down soon. Nine years of a bull market with no fixes in place to correct the things Wall Street did to cause the crash in 2008. In fact, they are emboldened to be even more aggressive as instead of being jailed for their actions, they got bailed out and did not miss a bonus or paycheck.
Ghost of Igloi wrote:
So. Anyone who has had money invested in just about anything has seen the value go up.
Probably not, so you probably have company, albeit however small, amongst those who lost and missed out.
Ghost of Igloi wrote:
mellon wrote:
Not over a small and short lived correction, but for 3 plus years while the market has been going like gang busters.
Wrong, the market went nowhere from 12/31/2014 through 11/4/2016, so all the gains have been since the election.
I know one thing it didn't do from 12/31/2014 through 11/4/2016. Drop 60%
Sure.
mellon wrote:
Ghost of Igloi wrote:
Wrong, the market went nowhere from 12/31/2014 through 11/4/2016, so all the gains have been since the election.
I know one thing it didn't do from 12/31/2014 through 11/4/2016. Drop 60%
Ah but 2000-2002 NASDAQ -83%, S&P 500 -54%, 2007-2009 S&P 500 - 59%. Is there a pattern here?
mellon wrote:
[quote]Extra end wrote:
Since the current bull market began in March of 2009, Mr. Hussman has repeatedly called for a titanic decline in the S&P 500, but, in a twist of irony, it has been his own fund, Hussman Strategic Growth (HSGFX), that has suffered a disastrous bear market all its own with a peak-to-trough decline of almost 50%.
http://www.fortunefinancialadvisors.com/blog/of-pessimism-and-pride
I assume you've been a disciple of this guy since at least 2010, Or if not, since when?
I guess we could spend our lives waiting for some cataclysmic event... The ones you site all have rebounded since.
Don't get me wrong. Divine intervention, a nuclear war... not outside the realm of what's possible. Well, maybe they are outside the realm.... But if you want to spend your time waiting for them, i guess i understand.
Ghost of Igloi wrote:
Ah but 2000-2002 NASDAQ -83%, S&P 500 -54%, 2007-2009 S&P 500 - 59%. Is there a pattern here?
I you want to re-live the past we can do that!
Where were the Nasdaq and the S&P 500 at their peak from 2000-2002?
Where are they today?
Where was the S&P 500 at its peak from 2007 - 2009?
Where is it today?
Is there a pattern? Yes
If you invested heavily during the peak of those two periods, and have never sold, you've done well.
If you invested heavily during the bottom of those two periods, and have never sold, you've done even better.
Ah, you forgot one, it has never been repealed, it is known as the “business cycle.”