Down goes the Dow

Recognizer of Bold Calls wrote:

* wrote:

The Dow will soon pass 17,000 and never go below 17,000 again.

That's a very bold call. Well, almost. If you put a deadline on 'soon' then you will have made a truly bold call.

By Tuesday.

I've done some profit taking in the last week or two. Sold off some energy and utility stocks that were sky high.

* wrote:

Recognizer of Bold Calls wrote:

That's a very bold call. Well, almost. If you put a deadline on 'soon' then you will have made a truly bold call.

By Tuesday.

OK. If you turn out to be right then I'll consider yours the best, baddest and boldest call ever (correctly) made on LRC - a notch ahead of the 'Tiger Woods will never win another major' call (which is looking pretty good right about now).

Flagpole wrote:

Guessing Man wrote:

Gonna have to guess that the individual to whom you are responding was mocking such individuals.

I will hope that you are right.

Maybe they were mocking, but there are people who do exactly what you don't understand (waiting until it goes UP to a certain point before buying in). Agip is one of them.

yougottabekiddingme wrote:

Flagpole wrote:

I will hope that you are right.

Maybe they were mocking, but there are people who do exactly what you don't understand (waiting until it goes UP to a certain point before buying in). Agip is one of them.

That was me, and I was mocking the market timers. I had dug up the 17K remark that I'd posted as Lemons back in the beginning of May and gave it a bump. 75% of my worth is in equities. Haven't blinked through any of the past corrections and don't plan on changing that position.

I too know people who wait until the market has momentum before getting in. They get out after a correction, wait til it runs back up, then get in while it's hot. They're not stupid people either, but somehow I think they're forgetting to carry a one somewhere when they're calculating how their formula for investing is paying off.

Not that I'm arguing, though, because they help to drive the market to greater highs, which is still a bit of a thrill to be along with for the ride.

well I do use the 200 day strategy for some money. The way it works is that it has a bunch of false alarms that cause you a little money...then it works in a huge way when the bottom falls out.

the hard part is dealing with all the false sell alarms. They don't cost a lot of money but you lose faith in the system.

yougottabekiddingme wrote:

Flagpole wrote:

I will hope that you are right.

Maybe they were mocking, but there are people who do exactly what you don't understand (waiting until it goes UP to a certain point before buying in). Agip is one of them.

Hi K5!

Recognizer of Bold Calls wrote:

* wrote:

By Tuesday.

OK. If you turn out to be right then I'll consider yours the best, baddest and boldest call ever (correctly) made on LRC - a notch ahead of the 'Tiger Woods will never win another major' call (which is looking pretty good right about now).

I can never be right because we would have to wait for forever show that it never went below 17,000 again.

* wrote:

Recognizer of Bold Calls wrote:

OK. If you turn out to be right then I'll consider yours the best, baddest and boldest call ever (correctly) made on LRC - a notch ahead of the 'Tiger Woods will never win another major' call (which is looking pretty good right about now).

I can never be right because we would have to wait for forever show that it never went below 17,000 again.

Everyone understands this. It really did not need to be said. But we will give you credit for being right if it does not drop below 17,000 in the next 15 years.

Oh, and we will also give you credit for impersonating others.

I think > 17,000 will be hard to maintain over the summer, when the market traditionally retrenches.

Things will start to get interesting in late September and October.

So I got 15 years of the Dow staying above 17,000 and my call looks good.

OK

We'll bump this thread then.

(Or more likely later this month when it goes back below)

Who did I impersonate?

* wrote:

Who did I impersonate?

Me, of course.

Recognizer of Bold Calls wrote:

* wrote:

Who did I impersonate?

Me, of course.

Point Taken

You do? Even with some of my sarcasm?

Admittedly I myself am not sure how much sarcasm I had in my post.

[quote]agip wrote:

I don't think we disagree much

[quote]

oh yeah, we agree

Ryan Foreman wrote:

You do? Even with some of my sarcasm?

Admittedly I myself am not sure how much sarcasm I had in my post.

[quote]agip wrote:

I don't think we disagree much

[quote]

Recognizer of Multiple Handles wrote:

yougottabekiddingme wrote:

Maybe they were mocking, but there are people who do exactly what you don't understand (waiting until it goes UP to a certain point before buying in). Agip is one of them.

Hi K5!

Not him. Not even close, man.

yougottabekiddingme wrote:

Recognizer of Multiple Handles wrote:

Hi K5!

Not him. Not even close, man.

Yeah, right!

Think the K man abandoned this thread.

Lemons wrote:

Think the K man abandoned this thread.

Oh, he's still around. He monitors the thread to see what people are saying about him. But he takes a beating for his idiotic investment strategy every time he opens his mouth, so he's a little shy about posting.