Bad Wigins wrote:
Just here to congratulate this thread on occasionally being right. If it were baseball, you'd be doing pretty good, down somewhere significantly less than half the time but more than a fifth.
If not for the Fed’s three rate cuts and $200 Billion in “Not QE” there would be no back slapping. Of course the DGTD Clones believe the Fed will always be there to save their speculative bacon. Like the pig that wanted to make bacon, they’re committed. Committed to losing capital.
Ghost of Igloi wrote:
Seattle prattle (on a different, read: faster, browser) wrote:
So says the guy whose Signature Strategic Growth Fund has lost exactly two-thirds of its value since its all time high, just eleven years ago. At least he speaks from a position of experience. Just not the kind of experience i would want to emulate.
OK, but TNA is still off 8/31/2018 high of $97.12 or -25%; during that same time frame HSGFX is down -12%.
Thanks for pointing that out, Igy. If you've been following my posts since then, I moved mostly out of the small caps in favor of TECL (triple leveraged Technology fund), which is up a little more than the TQQQ (triple leveraged Nasdaq 100).
I heard a helpful thing pointed out the other day which said that looking at year to date returns drastically skews what the market has actually done, and it is more instructive to compare our current levels to the most recent highs of last fall. When you do that comparison, the gains are not so preposterously large, but just good. I think that is a good reminder of what's really going on.
Bad Wigins wrote:
Just here to congratulate this thread on occasionally being right. If it were baseball, you'd be doing pretty good, down somewhere significantly less than half the time but more than a fifth.
Keep in mind that one guy dominates the incorrect predictions. Some of those have been documented recently. Remove his posts and you find a pretty prescient group.
Seattle,
I am assuming 2020 will be a critical year: longest bull market ever, election, slowing global growth, extended equity valuations, and highest debt levels. I’ll continue to stay mostly on the sidelines with my retirement in October.
Happy New Year.
Igy
Congrats on your upcoming retirement. Coincidentally, I'm kicking around the idea of doing the same at about that time.
As for level of exposure to the market given the outlook, I definitely feel quite a bit better about the economy in the short term than i did earlier this year. I think everyone does. Long term, that's a different story. And i fully planned to cut back if i regained my former all time highs, but now that they have, its crushed those, and I'm as invested as ever. Just can't seem to sell while things are going up....
Ghost of Igloi wrote:
J. Hardy wrote:
Hussman is clearly an idiot. I do not understand Igy’s infatuation with him.
Cleary you are an idiot and you will eat this post.
Nice.
Happy New Year.
Snowden wrote:
Bad Wigins wrote:
Just here to congratulate this thread on occasionally being right. If it were baseball, you'd be doing pretty good, down somewhere significantly less than half the time but more than a fifth.
Keep in mind that one guy dominates the incorrect predictions. Some of those have been documented recently. Remove his posts and you find a pretty prescient group.
Ha, ha, ha, as you say. Like a monkey playing stock selection darts. Thank the Fed and not the prescience of the DGTD posters. The same nonsense will be their downfall.
J. Hardy wrote:
Ghost of Igloi wrote:
Cleary you are an idiot and you will eat this post.
Nice.
Happy New Year.
Happy and Prosperous New Year to you!
Ghost of Igloi wrote:
I’ll continue to stay mostly on the sidelines with my retirement in October.
Happy New Year.
Igy
So there IS money on the sidelines!
Ghost of Igloi wrote:
Ha, ha, ha, as you say. Like a monkey playing stock selection darts.
If you and the monkey are picking, I’ll take the monkey.
Lucy. wrote:
Ghost of Igloi wrote:
Ha, ha, ha, as you say. Like a monkey playing stock selection darts.
If you and the monkey are picking, I’ll take the monkey.
Sure you will, makes perfect sense. You’re on the same level, that is, nothing goes into your picks.
I knew it! wrote:
Ghost of Igloi wrote:
I’ll continue to stay mostly on the sidelines with my retirement in October.
Happy New Year.
Igy
So there IS money on the sidelines!
Ha, ha, ha. Good one for once.
Ghost of Igloi wrote:
Lucy. wrote:
If you and the monkey are picking, I’ll take the monkey.
Sure you will, makes perfect sense. You’re on the same level, that is, nothing goes into your picks.
It’s been a winning strategy. You should try it. You can’t possibly do any worse.
Sure, OK. Detector Dude you’ll disappear one of these days never to be heard again. It will be sad in a way. Take away some of my fun. All good things come to an end, even your trolling.
Ghost of Igloi wrote:
All good things come to an end, even your trolling.
Wow, you are full of surprises tonight. There is money on the sidelines and you think DD’s trolling is good.
You feeling alright?
Coolata wrote:
Ghost of Igloi wrote:
All good things come to an end, even your trolling.
Wow, you are full of surprises tonight. There is money on the sidelines and you think DD’s trolling is good.
You feeling alright?
AKA your fake market.
That makes no sense. What else is new?
Coolata wrote:
That makes no sense. What else is new?
Only because you have no sense to begin with.
Or because you make no sense.