Down goes the Dow

Even some of is small dogs have done so.

This is the type of thing for which many of us have waited, some for longer than others, and for me, it will take a bit longer yet before my patience is fully rewarded.

I have heard some suggest that oil could go down to $20, makes me want to short BOIL.

“Suckers”? They have had a decade of epic gains and lost only 1 year of it so far—IMO they have a way to go before they can rightfully be considered suckers—unless you are talking about recent buyers, of which I actually know none.

Ghost of Igloi wrote:

Buy low, sell high wrote:

Smart investors welcome this.

No, smart investors know this is not a buy on the dip opportunity.

You don’t believe in “buy low”?

One more for the dividend guy: BX.

Check it out and let us know what you think!

Big Dog Investments wrote:

I doubled my AAPL stake today. Have at me.

DGTD Contrarian Contrarian Indicator

Buy low, sell high wrote:

Ghost of Igloi wrote:

No, smart investors know this is not a buy on the dip opportunity.

You don’t believe in “buy low”?

Bump.

Buylow, sell high wrote:

Buy low, sell high wrote:

You don’t believe in “buy low”?

Bump.

Of course buying at this level is better than 2,900, but believe the market will go much lower.

Ghost of Igloi wrote:

Buylow, sell high wrote:

Bump.

Of course buying at this level is better than 2,900, but believe the market will go much lower.

Trying to time the market is a fool’s errand.

Buy low, sell high wrote:

Ghost of Igloi wrote:

Of course buying at this level is better than 2,900, but believe the market will go much lower.

Trying to time the market is a fool’s errand.

Answer: 19 year annualized S&P 500 buy and hold return 3.6%, with reinvested dividends 5.8%

Ghost of Igloi wrote:

Buy low, sell high wrote:

Trying to time the market is a fool’s errand.

Answer: 19 year annualized S&P 500 buy and hold return 3.6%, with reinvested dividends 5.8%

Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.

Buy low, sell high wrote:

Ghost of Igloi wrote:

Answer: 19 year annualized S&P 500 buy and hold return 3.6%, with reinvested dividends 5.8%

Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.

Yes, and another different discussion is when the 114% becomes 54%.

Racket are you thinking about corporates because of the Junk:Treasuries ratio?

Yes Igy, all sorts of indicators are pointing to things going much lower. I wouldn’t touch anything in the next few sessions, I could see some end-of-year head fakes.

Thanks Donald

Ghost of Igloi wrote:

Buy low, sell high wrote:

Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.

Yes, and another different discussion is when the 114% becomes 54%.

Yes, a different discussion. My points stand.

Buy low, sell high wrote:

Ghost of Igloi wrote:

Answer: 19 year annualized S&P 500 buy and hold return 3.6%, with reinvested dividends 5.8%

Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.

No one is going to debate that buying low is good but what some will debate you on is what is low?

Also, buying low and selling high is actually a form of trying to time the market, no?

Yes, it really wasn’t much of a point.

Maserati wrote:

Racket are you thinking about corporates because of the Junk:Treasuries ratio?

Yes, not that I can afford credit default swaps on corporate bonds or anything, but corporate debt is floated as the big catalyst right now. Kinda have to agree since since the market just threw a huge fit over a .25% rate hike. When has that ever been seen as hawkish? They announced their intention months ago and rates are already so low. I'm looking at companies with huge debt and high P/E to short. Netflix is one of them and they have a LONG way to fall

As for oil, why is it still going down? Just no demand anymore? I think we're in a funny spot with prices, it should be higher than it is. DWT is the 3x inverse for oil though if you really wanna go short! Natural gas has also been a wild ride.

Also looking at ABX and SLV but not sure how much upside there is. Not sure why people are buying gold because inflation is low.

Ghost of Igloi wrote:

Big Dog Investments wrote:

I doubled my AAPL stake today. Have at me.

DGTD Contrarian Contrarian Indicator

Here's the thing about AAPL though : they have enough cash on hand to outright buy I think almost any company in the US except for 10 or 15 maybe. They have something like 260 billion in cash. That's a company that might take a hit now, but if anyone is gonna weather a storm it's AAPL.

Euro markets down about 1/2 point today.

point sitting wrote:

Buy low, sell high wrote:

Dow is up 114% sans dividends in that time.

But that’s a different discussion. The points are buying low is good and trying to time the market is bad.

No one is going to debate that buying low is good but what some will debate you on is what is low?

Also, buying low and selling high is actually a form of trying to time the market, no?

“How low” is timing the market. Bad.

“Buy low, sell high” is buy and hold. Good.