Down goes the Dow

agip wrote:

you'd rather get 5% from a CD when inflation is 5%

Than 2% from a CD when inflation is 2%?

No...I'd rather get 8% + from the good old days of just the early 90s! ? If you were a saver it was paradise instead of gambling with your hard earned money with the Wall Street Cartel where they and thier ally, the Fed Reserve, run the show (and there's nothing "Federal" about the Federal Reserve. ?).

And thanks to the "Federal Reserve," I earn a pathetic ~1.5% APY on my CDs! Like I said, if you're a saver the Fed Reserve just kicks you in the balls & laughs. All in the name of consumer financing so people can spend like drunking sailors and keep financing sh*t until they're in debt up to their eyeballs. ?

Read up on the good old days:

Fed-Up With This BS wrote:

And thanks to the "Federal Reserve," I earn a pathetic ~1.5% APY on my CDs! Like I said, if you're a saver the Fed Reserve just kicks you in the balls & laughs. All in the name of consumer financing so people can spend like drunking sailors and keep financing sh*t until they're in debt up to their eyeballs.

Yeah, so quit complaining and come spend with us.

mellon wrote:

Ghost of Igloi wrote:

No, sad is the spin that drives your belief system. We’ll see how durable it is.

We know how your belief system is working. Not very well for 3 years and counting.

mellon,

I am sure your delusion of what I said and believe breeds courage it wouldn’t otherwise.

Don’t look now but the futures may send you in to hiding again.

Igy

J. Hardy wrote:

Ghost of Igloi wrote:

Some still believe that buy on the dip works, but the casualties have been mounting lately.

Do you have data to support this? My understanding is that people have been doing quite well lately buying on the dip.

OK. Several posters have noted their buys recently so I will do an accounting for you in my free time.

Fed-Up With This BS wrote:

Sue Bee wrote:

If you had your money invested in equities, you likely would have done very well over the past 9 years.

Yeah...I did; I was heavily invested in equities in my company's 401(k) plan and watched it burn to the ground in 08. ? How soon you forget things Ghost.

https://www.thebalance.com/stock-market-crash-of-2008-3305535

Have you ever considered that making an assumption at historic market highs just might be a little over optimistic? Or that record global QE would be impossible to maintain, but yet has underwritten the gains that fuel your optimism? In the end you will learn, the hard way.

Oh well:

https://www.cnbc.com/2018/04/05/trump-asks-us-trade-representative-to-consider-100-billion-in-additional-tariffs-on-chinese-products.html

Well done, sir! wrote:

Ghost of Igloi wrote:

My first second manager said “the easiest way to lose a paycheck is to trade your own account.”

I love self-depreciation.

Telling an actual story. Unfortunately you have none to tell.

Ghost of Igloi wrote:

mellon wrote:

We know how your belief system is working. Not very well for 3 years and counting.

mellon,

I am sure your delusion of what I said and believe breeds courage it wouldn’t otherwise.

Don’t look now but the futures may send you in to hiding again.

Igy

Oh, the irony!

Well done, sir! wrote:

Ghost of Igloi wrote:

My first second manager said “the easiest way to lose a paycheck is to trade your own account.”

I love self-depreciation.

Assume you meant self-deprecating. See above. Igy has already copped to that.

Ghost of Igloi wrote:

Don’t look now but the futures may send you in to hiding again.

Igy

I haven't went in to hiding for 4 1/2 years on this thread.

But,you should have after your OP proved to be wrong after a year. Let alone, after 3 years.

Just kidding about you needing to go in to hiding. Your post are, at the least, entertaining.

mellon,

Hopefully if all goes well you can buy some more on the dip today.

Igy

Ghost of Igloi wrote:

Well done, sir! wrote:

I love self-depreciation.

Telling an actual story. Unfortunately you have none to tell.

Why would you want to tell that story. It doesn’t paint you in a very positive light.

Maybe one day you will grow up.

Ghost of Igloi wrote:

Maybe one day you will grow up.

I’m not sure what that has to do with anything being discussed here.

Ghost of Igloi wrote:

mellon,

Hopefully if all goes well you can buy some more on the dip today.

Igy

Weaker than expected job report but wages in line with expected. Should be an interesting day for my 4/06 options

What happened to the surging economy? Maybe the previous quarters reflected the broken window syndrome: hurricanes, floods and wildfires? Pray for more disasters, wars and goverment spending. Nothing can go wrong with this economic model.

Ghost of Igloi wrote:

What happened to the surging economy? Maybe the previous quarters reflected the broken window syndrome: hurricanes, floods and wildfires? Pray for more disasters, wars and goverment spending. Nothing can go wrong with this economic model.

You appear to make the not uncommon error of equating the economy with the stock market. Though intertwined, they are very different animals.

Only over the short run.