Down goes the Dow

This is what you said elsewhere in the same thread:

Ghost of Igloi wrote:

Investment gurus wrote:

The car loan is only at 0.9%. But I'm thinking that there is a decent chance the market will correct 10-25% at some point in the next year or so, so why not sell some stock while it's high? Is this just foolish me trying to 'time the market'?

Flagpole and Igy ... what would you do?

Sell the stock. S&P 500 earnings match those of 6/30/2014 when the index traded at 1,972. The market is likely to be down your 10-25% at almost any point in time. Pay your capital gain, own your car.

Igy

So, why would someone continue to hold in that market? King +18%.

And you can keep the apology.

It is a good market that is extremely overvalued.

seattle prattle wrote:

This is what you said elsewhere in the same thread:

Ghost of Igloi wrote:

Sell the stock. S&P 500 earnings match those of 6/30/2014 when the index traded at 1,972. The market is likely to be down your 10-25% at almost any point in time. Pay your capital gain, own your car.

Igy

So, why would someone continue to hold in that market? King +18%.

And you can keep the apology.

Seattle,

Come on that is so disingenuous and fake. That poster asked me a specific question and I gave him a reasoned answer that has little to do with the original accusation.

You have me questioning your authenticity.

Igy

Ghost of Igloi wrote:

It is a good market that is extremely overvalued.

So if you say we should be in cash during a bad market, then logically we should be invested now during a good market.

Knead 2 no wrote:

Ghost of Igloi wrote:

It is a good market that is extremely overvalued.

So if you say we should be in cash during a bad market, then logically we should be invested now during a good market.

Use your brain that is what it is for.

okay, i don't know the context. Maybe that has something to do with it, as i suppose it may. I just see a SELL signal.

Ghost of Igloi wrote:

Knead 2 no wrote:

So if you say we should be in cash during a bad market, then logically we should be invested now during a good market.

Use your brain that is what it is for.

I just did. It’s called Logic.

Seattle,

It’s OK, you are a reasonable person. Some of these folks just constantly play games. I can’t imagine a few of them could have relationships with real people. Always fake, always twisting. Of course their game is to muzzle anyone with an opposing view.

Igy

Knead 2 no wrote:

Ghost of Igloi wrote:

Use your brain that is what it is for.

I just did. It’s called Logic.

Good for you. The kindergarten teacher will give you a gold star and your mommy some hot cocoa.

Ghost of Igloi wrote:

Good for you. The kindergarten teacher will give you a gold star and your mommy some hot cocoa.

Why would the teacher give my mommy hot cocoa?

(Or is this another case of Igy butchering the English language?)

Back from my run and had a chance to check out the context from that quote. Wow, what a great debate - exactly what we have been arguing here, only better. Check it out.

http://www.letsrun.com/forum/flat_read.php?thread=8237309

Some excellent points made in there. And it's even better when we have the advantage of hindsight to see who's been right (so far...)

...and who’s been wrong.

i suppose his answer would be that he's not wrong if eventually he's right.

But there are some excellent arguements made for staying invested and some strategies for calculating the inversion point at which it becomes advantageous to sell the stocks and pay off the loan.

For those reading, i strongly disagree with any dangers inherent in trailing stops unless the guy's holding is highly speculative. For most stocks, i've never seen one triggered at anything except very close to stop price.

In hindsight, this is a tough one to defend.

In all fairness, hindsight makes everything look so easy. It's not. What he forecast could have very easily come to pass. No one knew and everyone just giving it their best guess.

seattle prattle wrote:

In all fairness, hindsight makes everything look so easy. It's not. What he forecast could have very easily come to pass. No one knew and everyone just giving it their best guess.

Seattle,

Come on. Quite a bit different assumption than the orginal question. The poster is concerned about the market has made some money and is considering paying off a loan. I would assume Dave Ramsey or Suzie Orman (not that they hang the moon) would give similar advice.

Besides, as I pointed out, and you saw the evidence of, a larger issue of someone who is obsessed with purposely distorting my views.

I will be happy to debate market points any time and I can hold my own even against crazy people.

Igy

seattle prattle wrote:

Back from my run and had a chance to check out the context from that quote. Wow, what a great debate - exactly what we have been arguing here, only better. Check it out.

http://www.letsrun.com/forum/flat_read.php?thread=8237309

Some excellent points made in there. And it's even better when we have the advantage of hindsight to see who's been right (so far...)

Wow, great thread. But again Igy takes it on the chin. He seems to get backed into a corner quite often and responds with insults instead of insights. Too bad.

What ever happened to Investment Advisor? I didn’t always agree with him, but at least he was polite and rational.

If U evah wrote:

Pretty Ironic wrote:

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

Good one, Igy!

Wrong again.

K5 beeyatch

Ghost of Igloi wrote:

Of course their game is to muzzle anyone with an opposing view.

Igy

The only difference is their view has been right, and yours has been wrong. For Years!