Down goes the Dow

I’m not the one who contradicted myself. That was you. Again.

The Dude Man wrote:

You’re the one who’s mixed up.

He's not mixed up. He's just not a good predictor of the market. Basing it on history is the easy method. Not always right, as in currently, but easy.

purple martin wrote:

Don't think for a minute a Financial Advisor like this guy is unusual. They will never admit they've been steering you in the wrong direction. There is too much money at stack. For them!

Correct. Igy’s incessant bragging about how he is better off than the other posters here (naturally without even a smidgen of proof) is proof that he is status driven. He cannot stand the idea that someone might do better than he does, though it would seem that is exactly the case here.

I don't think you will find many Financial Advisors critical of those that have taken the conservative approach for the past 5 or 6 years anticipating a major correction or crash being on the "near" horizon. But clearly, those that have realized "It's Different this Time", are the ones that have been correct. It's just hard for some to admit that.

[quote]The Bottom Line wrote:

[quote]purple martin wrote:

Correct. Igy’s incessant bragging about how he is better off than the other posters here (naturally without even a smidgen of proof).

Classic projection .

Classic K5 inability to quote correctly.

Freud says wrote:

Classic projection .

Happy New Year, K5!

This time is different. The economy is going to grow by 3% annually, and the stock market is going up, up and away, and everyone is going to be rich. There is no telling how much wealth can be created through speculation.

ghost of 29.5 wrote:

This time is different. The economy is going to grow by 3% annually, and the stock market is going up, up and away, and everyone is going to be rich. There is no telling how much wealth can be created through speculation.

Based on your analysis James Glassman has issued a second edition of his 1999 best seller. You can still get the first edition and save a few bucks.

Igy

Your mama called wrote:

Classic K5 inability to quote correctly.

If you ever came up with something original, or entertaining, or honest I would fall right out of my chair.

If you cannot add anything of value, can you at least entertain?

I suppose not. Like so may other things, just beyond your capabilities

ghost of 29.5 wrote:

This time is different. The economy is going to grow by 3% annually, and the stock market is going up, up and away, and everyone is going to be rich. There is no telling how much wealth can be created through speculation.

Obviously you're so deep in to it now (thinking this way since 2011) you feel you might as well fight for your way of thinking to the bitter end. Which could be awhile. The thing of it is, there will be people who will see it coming well in advance and move to safer ground (unlike your claim that everybody will wait and get out at the bottom). Just be content you haven't lost anything. Missed out on years of market gains, but didn't lose anything. You just timed it wrong. It happens.

mister wrote:

ghost of 29.5 wrote:

This time is different. The economy is going to grow by 3% annually, and the stock market is going up, up and away, and everyone is going to be rich. There is no telling how much wealth can be created through speculation.

Obviously you're so deep in to it now (thinking this way since 2011) you feel you might as well fight for your way of thinking to the bitter end. Which could be awhile. The thing of it is, there will be people who will see it coming well in advance and move to safer ground (unlike your claim that everybody will wait and get out at the bottom). Just be content you haven't lost anything. Missed out on years of market gains, but didn't lose anything. You just timed it wrong. It happens.

Actually he’s lost purchasing power.

If U evah wrote:

Your mama called wrote:

Classic K5 inability to quote correctly.

If you ever came up with something original, or entertaining, or honest I would fall right out of my chair.

If you cannot add anything of value, can you at least entertain?

I suppose not. Like so may other things, just beyond your capabilities

And maybe if you offered something other than snide remarks and hate speech, people would be more inclined to treat you as an adult.

Your mama called wrote:

If U evah wrote:

If you ever came up with something original, or entertaining, or honest I would fall right out of my chair.

If you cannot add anything of value, can you at least entertain?

I suppose not. Like so may other things, just beyond your capabilities

And maybe if you offered something other than snide remarks and hate speech, people would be more inclined to treat you as an adult.

Pretty ironic coming from someone who spends hours a day insulting and attacking Igy (albeit quite feebly).

Pretty Ironic wrote:

Your mama called wrote:

And maybe if you offered something other than snide remarks and hate speech, people would be more inclined to treat you as an adult.

Pretty ironic coming from someone who spends hours a day insulting and attacking Igy (albeit quite feebly).

Good one, Igy!

ghost of 29.5 wrote:

This time is different. The economy is going to grow by 3% annually, and the stock market is going up, up and away, and everyone is going to be rich. There is no telling how much wealth can be created through speculation.

How much wealth do you think has been created by more conventional strategies like buy and hold? You know, for those of us that aren't smart enough to time the market like you...

Ghost of Igloi wrote:

https://realinvestmentadvice.com/wp-content/uploads/2017/09/Dalbar-InvestmentPerformance-092217.png

This is why investors should stick with passive investing via index funds. Managed investments perform quite poorly by comparison.

While individuals regularly proclaim to be “long-term investors,” the average holding period for stocks has shrunk from more than 6-years in the 1970’s to less than 6-months currently.