Down goes the Dow

sonoflag wrote:

Analyst calling for 16% correction by end of year:

http://finance.yahoo.com/news/stocks-plunge-wells-fargo-warns-112421641.html

Wow, she's been off all year. Just goes to show you that these "experts" are just as clueless as the rest of us.

sonoflag wrote:

Analyst calling for 16% correction by end of year:

http://finance.yahoo.com/news/stocks-plunge-wells-fargo-warns-112421641.html

If the collective wisdom was that the market would be 16% lower by the end of the year then it would be 17% lower today (mas o menos). By definition the market is exactly where the collective wisdom perceives that it should be.

Further by definition, if the collective wisdom perceives that it should be exactly where it is and if there is always a plethora of wide ranging opinions (which there always is) then it follows that one will be able to find some 'expert' who predicts just about any imaginable move from here.

An immediate consequence of this is that the existence of someone like this particular analyst with this particular opinion was entirely predictable without ever bothering to find her and that knowing this analyst's prediction adds zero useful knowledge to any reasonably knowledgable investor.

Your welcome.

You boys keep quibbling back and forth over the stock market and I'll keep making a killing in real estate.

Big Boy Pants wrote:

You boys keep quibbling back and forth over the stock market and I'll keep making a killing in real estate.

Wow! You sound like a real man!

I'm impressed!

Bigfoot Investments wrote:

Big Boy Pants wrote:

You boys keep quibbling back and forth over the stock market and I'll keep making a killing in real estate.

Wow! You sound like a real man!

http://www.youtube.com/watch?v=RtmbZnXSQ7k

I'm impressed!

I love your work on Howard Stern. Premo stuff.

Big Boy Pants wrote:

Bigfoot Investments wrote:

Wow! You sound like a real man!

http://www.youtube.com/watch?v=RtmbZnXSQ7k

I'm impressed!

I love your work on Howard Stern. Premo stuff.

http://www.youtube.com/watch?v=2qA1_rgVbxQ

Nice!

I guess that learning how to spell is not something that real men waste their time on. That's cool. Just leave the spelling to us boys.

Bigfoot Investments wrote:

Big Boy Pants wrote:

I love your work on Howard Stern. Premo stuff.

http://www.youtube.com/watch?v=2qA1_rgVbxQ

Nice!

I guess that learning how to spell is not something that real men waste their time on. That's cool. Just leave the spelling to us boys.

Wow! You've got me their. ;)

You still live in Vermont?

Big Boy Pants wrote:

Wow! You've got me their. ;)

You still live in Vermont?

Sure. We sasquatches live wherever you can find some serious woods - Vermont, Washington State, Oregon, Maine and of course, our favorite retreat, Saskatchewan

My bond fund has actually done pretty well --- well, at least until today. It seems to have been moving in tandem with the major stock indices. Don't ask me why.

Have not checked on it yet today

Klondike5, just stay out of the market...you have neither the stomach for it nor an ability to call a time to get out or back in. I don't understand why you continue to have this discussion. With your pension and I'm assuming SS too, just go with that. You said you'd have enough, so why fool with investing in something that you view as too risky? It all seems weird to me.

I actually saved myself several hundred thousand dollars by getting out in 08 and back in in 2009.

And several thousand dollars in 1999-2003 by getting out in and in back then.

I got out for the third time in 14 years at the end of the past June. We will see when and if I will get back in and if this move turns out to be a mistake in that I don't realize some gains I would have gotten by just staying in.

Had I not made those two previous moves I would not be in a position to quit working in five years.

However, if the market does tank I probably will push 40% to 50% back in in the hopes of being able to quit working even earlier. The next to nothing interest being paid on cash and bonds kind of eats at me (thanks Fed)

I am not sure what this having the stomach for it talk is all about. You guys seem to think it is a badge of courage to be in the market at all times.

[quote]Jutre wrote:

The Fed has spoken and the market has responded favorably. It looks like you'll have to wait more than 3 months for your correction.

Or maybe one day?

LOL.BBP: If you've read some of this guy's investing "tips" over the past few months, you'd be even more convinced he's Bigfoot from Stern.

Big Boy Pants wrote:

Bigfoot Investments wrote:

Wow! You sound like a real man!

http://www.youtube.com/watch?v=RtmbZnXSQ7k

I'm impressed!

I love your work on Howard Stern. Premo stuff.

http://www.youtube.com/watch?v=2qA1_rgVbxQ

Jutre wrote:

The Fed has spoken and the market has responded favorably. It looks like you'll have to wait more than 3 months for your correction.

[quote]Klondike5 wrote:

Or maybe one day?

Ha! Exactly.

Watch this thread mark the high-water mark for the stock market for at least several years.

Then, once the tide has gone out, it will be obvious how foolish some of the people on this thread have been.

Then, the thread will be deleted.

Klondike5 wrote:

[quote]Jutre wrote:

The Fed has spoken and the market has responded favorably. It looks like you'll have to wait more than 3 months for your correction.

Or maybe one day?

So the market is 3% higher than when you sold and you consider that a correction? WTF?

Huh?? wrote:

Klondike5 wrote:

[quote]Jutre wrote:

The Fed has spoken and the market has responded favorably. It looks like you'll have to wait more than 3 months for your correction.

Or maybe one day?

So the market is 3% higher than when you sold and you consider that a correction? WTF?

It was nearly 5% higher just a day earlier and the poster was claiming there would be no downward movement for three months.

Let's see what the next 5-6 weeks bring.

The biggest market disasters have taken place in October.

And with the GOP threatening to shut down the govt and Israel threatening to attack Iran (which for some reason never reasonably explained will require the US to got to war with Iran)...we'll see.

The Real Klondike5 wrote:

It was nearly 5% higher just a day earlier and the poster was claiming there would be no downward movement for three months.

Not all downward movement is a correction.

Huh?? wrote:

The Real Klondike5 wrote:

It was nearly 5% higher just a day earlier and the poster was claiming there would be no downward movement for three months.

Not all downward movement is a correction.

Who cares what label you put on it?

Huh?? wrote:

The Real Klondike5 wrote:

It was nearly 5% higher just a day earlier and the poster was claiming there would be no downward movement for three months.

Not all downward movement is a correction.

When the market goes down, investors lose money.

This is a bad thing for them.

The investment industry came up with a name for it to hide what it really is, to give it a softer image. A "correction" -- as if somehow a good thing.

Very similar to how lay-offs started being called "right-sizing".

Just more dishonesty from the owning class aimed at those of us in the working class. We do all the work, they make all the money

The Real Klondike5 wrote:

Who cares what label you put on it?

You seem hung up on certain labels.