Down goes the Dow

Better named wrote:

Irony Mann wrote:

Oh, the irony!

Autism man? On the spectrum man?

Yes, I am on the spectrum. Do you have a problem with that?

Irony Mann wrote:

Better named wrote:

Autism man? On the spectrum man?

Yes, I am on the spectrum. Do you have a problem with that?

No. That is your problem. Not mine. Obviously.

That Wood B wrote:

Irony Mann wrote:

Yes, I am on the spectrum. Do you have a problem with that?

No. That is your problem. Not mine. Obviously.

Except it’s not a problem. Not realizing that is your problem.

Ghost of Igloi wrote:

OK, works out for him, but not investors as a whole.

You like to lump all investors in the "Got it Wrong" pool. Not true. But we do know you've been in that pool for many years.

Irony Mann wrote:

That Wood B wrote:

No. That is your problem. Not mine. Obviously.

Except it’s not a problem. Not realizing that is your problem.

Diagnosis confirmed.

Better named wrote:

Irony Mann wrote:

Oh, the irony!

Autism man? On the spectrum man?

Is this supposed to be an insult? If so, there is something seriously wrong with you.

KeIIy wrote:

Better named wrote:

Oh, the irony!

Autism man? On the spectrum man?

Is this supposed to be an insult?

No. It's high praise, genius.

I’m sure we all look like geniuses when compared to you.

KeIIy wrote:

I’m sure we all look like geniuses when compared to you.

Of course you do.

Futures?

Yep: up.

Once again I ask: exactly and precisely what is going to occasion the crash? Nobody has given me a real answer.

I have said for years that an infrastructural event like the grid going down for a while, critical earthquake, pandemic in the right place, or wholesale war would do it.

Cannot predict 2 or 3. 1 is possible but lots of market breakers are now in place, and 4 is not worth the trouble for those who are capable of it. Saber rattling suffices for the foreseeable future.

Happy Monday

What do you mean no one can give you a real answer? Our resident Chicken Little has been warning us about a valuations driven crash of 65% for years. Never mind that valuations have been coming down. It’s going to happen and SOON.

Boeing CEO quits, trading halted.

No big deal. Gov will pick up the slack via space force funding, also spread around to key suppliers. Same as it ever was, will be interesting to see share price gyrations. I did not buy it.

“Valuations-driven crash”? Lile people selling until P/E’s revert to the mean?

It hasn’t happened, and it won’t. We are way past that, with price supports and direct interventions. Even shorts aren’t driving tjings, they have consistently gotten destroyed.

No. Unless you mean something different.

BTW, yours was not an accurate and precise answer, and therefore not a real answer. It lacked sufficient specificity and detail to be precise—for instance, how would such a movement overcome the effective barriers erected against it?

Not a real answer. Not actionable.

I mean valuations are high, so the market will crash. They’re not as high as they were a couple of years ago, but so what? The end is near. Just as Chicken Little. Or John Hussman.

Doomsayer wrote:

I mean valuations are high, so the market will crash.

There is a lot of real estate between those 2 things. Can you fill it in?

Not me. Ask Chicken Little. He seems to think they are related.

Maserati wrote:

Yep, markets up again nicely today.

Hey Racket I bought the Tesla options, already looking good.

Ridiculous times?

My TSLA options. Bam. Muahahahahaha

Merry effing xmas. Insane times.

Maserati wrote:

Maserati wrote:

Yep, markets up again nicely today.

Hey Racket I bought the Tesla options, already looking good.

Ridiculous times?

My TSLA options. Bam. Muahahahahaha

Merry effing xmas. Insane times.

It was about this time one year ago today that I was sitting on the juiciest short position of all time and all the indexes where cratering hard. Then it blew up when all indexes rallied up like 15% in 2 months. So Maserati, don't forget to quit while you're ahead