Lots of high-paying jobs available at the White House; trump’s always firing people!
Lots of high-paying jobs available at the White House; trump’s always firing people!
the idiot wrote:
Ghost of Igloi wrote:Enjoy the falling prices, like WalMart....
1100 or bust!
That'll be a real bummer if it happens. Come end-December, I hope it's me, and not just so I can claim your dignity, but I'd prefer not to lose more of my paltry "wealth." :-)
From a technical perspective Bulls still can regain control and push back above 2950. More likely they will hope to hold 2650. Fundamentally 1600 or close to that is fair value. Last two bear markets over shot to the downside of fair value, hence 1100 is reasonable. The only thing to stop it is investors reaction to $Trillions in Fed and Fiscal stimulus.
Ghost of Igloi wrote:The only thing to stop it is [blah] [blah] [blah] ...
Adjusting your quote intentionally. I think you know better than to be confident that you (or anyone) knows precisely what controls any move of the markets, over any time scale.
(or maybe you disagree, in which case, again, rubbish... :-))
Ghost of Igloi wrote:
Gruntz wrote:
Damn. Looks like Igy was on another drunk last night. That guy loves his Chardonnay.
Enjoy the falling prices, like WalMart....
?
I wish this would happen already. I’ve got some cash burning a hole in my pocket.
the idiot wrote:
Ghost of Igloi wrote:The only thing to stop it is [blah] [blah] [blah] ...
Adjusting your quote intentionally. I think you know better than to be confident that you (or anyone) knows precisely what controls any move of the markets, over any time scale.
(or maybe you disagree, in which case, again, rubbish... :-))
Ah, seeing the markets rallied 35% after Fed intentionally jawboned and injected $Trillions into the economy for one purpose—move markets up....it appears your statement lacks a lot of substance....at least over the short term....
PRD but on a different computer wrote:
15-25% bear market rallies are common. Testing or even exceeding prior lows is still very much possible if not probable. Ray Dalio (and others) have said this will be as bad or worse than 2008 (which had about a 60% drop from highs). That would put the S&P500 at 1354... Even a 40% drop (less than what we had in both the last big recessions) would put the S&P500 at 2032... I am thinking it is going to be a long, slow recovery back up to February highs.
https://markets.businessinsider.com/news/stocks/stock-market-bounce-bear-2008-comparison-downside-ahead-bank-america-2020-4-1029119356
Lots of others have said the bottom has already hit in March. Who is right? Nobody knows.
If you Google, you can find anything that will confirm with your beliefs. I mean, look what Ghost of Igloi is doing. He's just pulling anything that he can find that would match his beliefs. Doesn't mean that they're right.
Pre-market, my holdings were looking like it was going to tank just like you predicted. I just checked my account, and I'm actually up $11K for today. The magic of doing nothing! The less that I mess with my account and just keep adding more and re-balancing annually does the trick.
Don't visit this thread wrote:
PRD but on a different computer wrote:
15-25% bear market rallies are common. Testing or even exceeding prior lows is still very much possible if not probable. Ray Dalio (and others) have said this will be as bad or worse than 2008 (which had about a 60% drop from highs). That would put the S&P500 at 1354... Even a 40% drop (less than what we had in both the last big recessions) would put the S&P500 at 2032... I am thinking it is going to be a long, slow recovery back up to February highs.
https://markets.businessinsider.com/news/stocks/stock-market-bounce-bear-2008-comparison-downside-ahead-bank-america-2020-4-1029119356Lots of others have said the bottom has already hit in March. Who is right? Nobody knows.
If you Google, you can find anything that will confirm with your beliefs. I mean, look what Ghost of Igloi is doing. He's just pulling anything that he can find that would match his beliefs. Doesn't mean that they're right.
Pre-market, my holdings were looking like it was going to tank just like you predicted. I just checked my account, and I'm actually up $11K for today. The magic of doing nothing! The less that I mess with my account and just keep adding more and re-balancing annually does the trick.
I believe that is misinformed. Any financial asset represents a stream of cash flow to an investor. If not, than what would be the basis for investment? I suppose it could be to sell it to someone else at a higher price. Certainly that is reflected in the current stock and bond market. That is where most who post here will be in the end horribly wrong.
Ghost of Igloi wrote:
Any financial asset represents a stream of cash flow to an investor.
No, it doesn’t. Investments are not cash.
Ghost of Igloi wrote:
Certainly that is reflected in the current stock and bond market. That is where most who post here will be in the end horribly wrong.
Seems to me that you have been horribly wrong for years. Most who post here have done much better with their investments than you have. You could learn from them.
Ghost of Igloi wrote:
Don't visit this thread wrote:
Lots of others have said the bottom has already hit in March. Who is right? Nobody knows.
If you Google, you can find anything that will confirm with your beliefs. I mean, look what Ghost of Igloi is doing. He's just pulling anything that he can find that would match his beliefs. Doesn't mean that they're right.
Pre-market, my holdings were looking like it was going to tank just like you predicted. I just checked my account, and I'm actually up $11K for today. The magic of doing nothing! The less that I mess with my account and just keep adding more and re-balancing annually does the trick.
I believe that is misinformed. Any financial asset represents a stream of cash flow to an investor. If not, than what would be the basis for investment? I suppose it could be to sell it to someone else at a higher price. Certainly that is reflected in the current stock and bond market. That is where most who post here will be in the end horribly wrong.
What? Are you still trying to give financial advice after you have been wrong for so many years? You and Peter Schiff are so alike.
I buy assets that would appreciate in the long term. And yes, eventually, I would sell it at someone 20 years down the line at a higher price than what I purchased it for. I have AMZN stocks that I have purchased it at around $350/share. I will eventually sell them and I have high hopes that I would sell at a higher price. How is this where most who post here will end horribly wrong?
Don't be mad that you have to constantly justify to people on why you bought a Cayman instead of a 911.
OK. ?
Ghost of Igloi wrote: Any financial asset represents a stream of cash flow to an investor.
Cash flow is rarely on the mind of investors, most of whom are interested in capital appreciation, until such time as they retire and use the assets to provide income.
KeIIy wrote:
Ghost of Igloi wrote:
Any financial asset represents a stream of cash flow to an investor.
No, it doesn’t. Investments are not cash.
Ghost of Igloi wrote:
Certainly that is reflected in the current stock and bond market. That is where most who post here will be in the end horribly wrong.
Seems to me that you have been horribly wrong for years. Most who post here have done much better with their investments than you have. You could learn from them.
You’re back where you were two years ago; five years ago on March 23rd. I wouldn’t make any comments if I were you.
canucklehead wrote:
Ghost of Igloi wrote: Any financial asset represents a stream of cash flow to an investor.
Cash flow is rarely on the mind of investors, most of whom are interested in capital appreciation, until such time as they retire and use the assets to provide income.
That worked out poorly for the folks that retired in 2005-2007. Hopefully your young enough to recover by 2030.
Ghost of Igloi wrote:
canucklehead wrote:
Cash flow is rarely on the mind of investors, most of whom are interested in capital appreciation, until such time as they retire and use the assets to provide income.
That worked out poorly for the folks that retired in 2005-2007. Hopefully your young enough to recover by 2030.
It didn't end poorly for people who retired 2005-2007 as long as they followed the simple rule of asset allocation that any financial advisor would teach you. You can sell your bond allocation if you're needing cash at lean times and not sell your stocks. People who didn't sell their stocks during the 2008 recession are doing quite well.
My dad retired in 2007 at age 57. He's still doing fine as he didn't touch his investments and start selling and going to cash like you suggest during '08 recession. If he would have listened to you, then yes, he would have done poorly.
Igy why are you spouting speculative nonsense about other people’s portfolios.? I’ve personally been set back several months, not years. I could retire happily today, and also if the market drops another 25% and stays there forever.
Ghost of Igloi wrote:
KeIIy wrote:
No, it doesn’t. Investments are not cash.
Seems to me that you have been horribly wrong for years. Most who post here have done much better with their investments than you have. You could learn from them.
You’re back where you were two years ago; five years ago on March 23rd. I wouldn’t make any comments if I were you.
No, I am not where I was 2, or 5, years ago. If you understood how investing in the markets works, you would know why. And even if I was back there, I would still be ahead of you.
Ghost of Igloi wrote:
Enjoy the falling prices, like WalMart....
?
All three major indices and WMT finish UP for the day.
This guy is money, I tell you!
the idiot wrote:
Ghost of Igloi wrote:The only thing to stop it is [blah] [blah] [blah] ...
Adjusting your quote intentionally. I think you know better than to be confident that you (or anyone) knows precisely what controls any move of the markets, over any time scale.
(or maybe you disagree, in which case, again, rubbish... :-))
OK, where was your portfolio on March 23? I would assume that is more your future then today anyway.
I was ready for a bloodbath.
Pleasantly surprised is more than a understatement.
What would it take to sink this market?
Coming on the heels of that dismal day on Friday sell-off, Buffett's dire earnings report and statement, China troubles resurfacing (read: Trump stirring sh!t), and overnight futures looking pretty bad at times.
But hey, the buyers moved in.
That's what makes me think we won't be crashing through the March lows. Too many buyers still kicking themselved for missing the rebound, and just salivating at a chance to re-enter without egg all of their faces,
Contrarian Indicator alert wrote:
Ghost of Igloi wrote:
Enjoy the falling prices, like WalMart....
?
All three major indices and WMT finish UP for the day.
This guy is money, I tell you!
Let’s see where we are at by the end if the week Detector Dude. Odds are you’ll be eating it again. Your just desserts.