Down goes the Dow

Prediction: the market will end the week higher than it started.

Recent days have seen reaction due to fears in the absence of any news regarding earnings, etc. This week will see reaction based on fundamentals. If you've been waiting to buy, do so now.

Relax, agip.

These types of lies are aimed at shaping the perception of truth, not at malicious destruction. It's called gamesmanship, and is the norm in most places in the world, including in certain segments of the US.

Rough? Like I said earlier, there are only 3 things in life that are easy: 1) screwing up, 2) spending money, and 3) creating entropy/disorder.

Rough maybe, but certainly interesting and engaging. And I know who I can trust, and why, and how far.

Making decisions is easy--it's making good ones that is more difficult.

agip, there you go again, being bunkerized.

I know people lie and distort the truth, but only in your mind (not mine) does that directly equate to "ripping me off", as far as the markets are concerned.

If I could offer advice, you should maybe take this stuff a little less personally.

Why would people in the markets lie if not to rip you off?

Giles the Coreman wrote:

* wrote:

Of course it's still way over where it was when this thread started.

Give it some more time.

You still sticking to that crazy prediction, K5?

Say wha? wrote:

Why would people in the markets lie if not to rip you off?

One obvious one is to get re-elected. Another is to keep their jobs (for the unelected/appointed). Another is because they don't think you are capable of handling the truth.

agip wrote:

I just don't know how you make any decisions when you are so sure everyone is lying to you and ripping you off. It's got to be a rough life.

In terms of our financial system, everyone is lying and looking to rip us off. How can you not know this?

K5 detector wrote:

Giles the Coreman wrote:

Give it some more time.

You still sticking to that crazy prediction, K5?

That the Dow will some day soon be materially below 15,000. Of course that is what I am betting. Why the eff do you think I got out at 15k? My God you're dumb.

Giles the Coreman wrote:

K5 detector wrote:

You still sticking to that crazy prediction, K5?

That the Dow will some day soon be materially below 15,000. Of course that is what I am betting. Why the eff do you think I got out at 15k? My God you're dumb.

I was referring to your sub-13,000 bet. You still holding onto that, K5?

K5 defector wrote:

Give it some more time.

You still sticking to that crazy prediction, K5?[/quote]

That the Dow will some day soon be materially below 15,000. Of course that is what I am betting. Why the eff do you think I got out at 15k? My God you're dumb.[/quote]

I was referring to your sub-13,000 bet. You still holding onto that, K5?[/quote]

Huh? Read my first post. Got out at 15k. I asked the question to my readers as to how low the bottom would be and threw out 13k as a possibility. My "bet" is that I will be able to re-enter the market at a point where the Dow is well below the 15k exit point. If the bottom turns out to be anything more than say 14k it as a waste of time. I will be patient as I have been in the past - like when I got out in October of 1999 at what I felt was a peak and then watched the market go up for several more months. But I stayed out and it paid off thru all of 2000-2002. Got back in in 2003, out in 2008, in in 2009, and out in 2013. All moves have paid off except -- so far -- getting out in 2013. But with patience I think that move will pay off as well.

Here's that first post for you, K5. So you're throwing in the towel on that sub-13,000 bet?

Klondike5 wrote:

Down to 14,850 from a peak of 15,700 I believe.

Maybe 5%

What's the bottom?

I am betting sub 13,000

K5 detector wrote:

Here's that first post for you, K5. So you're throwing in the towel on that sub-13,000 bet?

Klondike5 wrote:

Down to 14,850 from a peak of 15,700 I believe.

Maybe 5%

What's the bottom?

I am betting sub 13,000

You apparently do not understand English. Or the market. When you exit at 15k, you hope to get back in at a much lower number. Not a specific one. It's not like I made a side bet with someone that the Dow will go below exactly 13k. Here the term betting means guessing, of course. I am betting it will not rain, I am betting you are a high school drop out. I am not literally making these bets, I am making a guess.

Giles the Coreman wrote:

K5 detector wrote:

Here's that first post for you, K5. So you're throwing in the towel on that sub-13,000 bet?

You apparently do not understand English. Or the market. When you exit at 15k, you hope to get back in at a much lower number. Not a specific one. It's not like I made a side bet with someone that the Dow will go below exactly 13k. Here the term betting means guessing, of course. I am betting it will not rain, I am betting you are a high school drop out. I am not literally making these bets, I am making a guess.

Ok, so 'betting' means 'guessing' in your dictionary. Cool. So are you still guessing that the Dow will go below 13,000?

Ok, so 'betting' means 'guessing' in your dictionary. Cool. So are you still guessing that the Dow will go below 13,000?[/quote]

I am betting (i.e., guessing) that you are not so dumb as to not understand the use of the word bet in that context. That you are merely hiding your understanding in a transparent attempt to argue dishonestly.

I will watch the market and see what happens. I expected, obviously, the next meltdown to occur a year ago. I suspect it is still coming and the Dow will end up at some point far below 15k. I would guess that its bottom will be 13k or less.

I'm sorry but "soon" has past.

It was well over a year ago.

You timed the bottom perfectly.

In financial terms, "soon" is never more than a year.

But if you are talking about the frequency of comets passing, then "soon" would be appropriate.

Giles the Coreman wrote:

Why the eff do you think I got out at 15k? My God you're dumb.

Oh, the irony!

Giles the Coreman wrote:

Ok, so 'betting' means 'guessing' in your dictionary. Cool. So are you still guessing that the Dow will go below 13,000?

I am betting (i.e., guessing) that you are not so dumb as to not understand the use of the word bet in that context. That you are merely hiding your understanding in a transparent attempt to argue dishonestly.

I will watch the market and see what happens. I expected, obviously, the next meltdown to occur a year ago. I suspect it is still coming and the Dow will end up at some point far below 15k. I would guess that its bottom will be 13k or less.[/quote]

Ok, so you're sticking to your sub-13,000 bet, er guess. Cool. Good luck with that.

Maserati wrote:

agip, there you go again, being bunkerized.

I know people lie and distort the truth, but only in your mind (not mine) does that directly equate to "ripping me off", as far as the markets are concerned.

If I could offer advice, you should maybe take this stuff a little less personally.

well that's fair advice

I get very riled when people claim the US is filled from bottom to top with corruption and no one can be trusted - my experience has been so far from that that it drives me crazy.

I think my kids' orthodontist ripped us off. Maybe. Other than that, I can cite virtually zero examples of the kind of lying that you see out there.

every time I try to make a claim against you you say 'huh? I didn't say or mean that' so I won't speak about you.

But I hear so much absurd supposition about career bureaucrats fudging numbers every week...it's crazy. with a complete absence of evidence, millions of people assume massive corruption and conspiracy going on all around them, at all levels. Drives me absolutely bats*(&.

So "down goes the Dow" was predicted August 2013. I guess if you wait long enough any prediction eventually comes true...