Down goes the Dow

I do agree most people predominantly favor your view.

Ghost of Igloi wrote:

seattle prattle wrote:

So how about those investors who invested in the mega cap tech companies since 3/2020? I know one and he's so full of himself you can't shut him up on these boards.

And otherwise, you simply compare realized gains on the one hand (the S&P 500 over a given time span and a clean 5% per year) with some vague premonition of what will come (a distrust of "the Wall Street fairytale"). Hey, given the two, I am glad i took the former.

Just saying, Igy. I find both of those arguments rather uncompelling.

I do agree most people predominantly favor your view.

And i just looked more closely at your assertion. Why would anyone cherry pick those dates unless they were trying to get slanted results and a false conclusion?

The 3/2000 was of course a multi-year high and the 3/2020 a momentary multi-year low, whihc has rebounded about 40% since then. History did not stop in March.

Come on, Igy.

The truth is that the SNP is up 133% since the date you chose as a start date and the Nasdaq is up 144%, to today (not to the market low in March.)

I'll take that.

* 114% and 133% for SNP 500 and Nasdaq respectively, not that it matters much.

From March of 2000 to October 2002 the NASDAQ Composite dropped 83%, and did not reach a new durable high until the summer of 2016, a mere four years ago. Considering the current overvaluation I see a repeat underperformance over the next decade.

Ghost of Igloi wrote:

From March of 2000 to October 2002 the NASDAQ Composite dropped 83%, and did not reach a new durable high until the summer of 2016, a mere four years ago. Considering the current overvaluation I see a repeat underperformance over the next decade.

Music to my ears.

Contrarian Indicator alert wrote:

Ghost of Igloi wrote:

From March of 2000 to October 2002 the NASDAQ Composite dropped 83%, and did not reach a new durable high until the summer of 2016, a mere four years ago. Considering the current overvaluation I see a repeat underperformance over the next decade.

Music to my ears.

Keeping quoting idiots like him. It just makes me feel more confident.

Greetings to all.

I have been very busy, but managed to get back in in early April. Since then I am up 52.8%, using just 3 vehicles: GDX, GDXJ, and AMZN. Utter insanity. Have not touched TSLA again after that big gain earlier.

I am continuing to arrange matters outside the US. There is an ~80% chance I will liquidate US RE holdings before the election. It has been complicated to figure out how to divest, transfer, liquidate, etc.

Again, good luck to everyone, nice to see that the same characters are populating this thread in the same way as ever. I wish I had more time to post.

Welcome back, mas, you were presumed dead!

yeah, welcome back. You had us worried.

I;m up 42% since then but those aren't the dates we tend to focus on around here.

Good luck with your ventures.

Welcome back Maserati, glad you are well, investment and health wise.

Igy

Ghost of Igloi wrote:

Punter wrote:

You’ve been saying the same thing for years. Meanwhile the market is substantially higher than when you first started your Chicken Little schtick. Don’t you ever get tired of being wrong?

Oh how Detector Dude forgets his “kissing his as good bye” a few short months ago.

I have no idea what that means. Some of you Yanks sure are a curious bunch.

I'm gonna start putting spreads out for favorable entry on Wal-Mart and Microsoft today. Both of those companies have strong staying power even if there's a second wave.

TSLA up another 11%.

Crazeballs.

Something like the 10th most valuable company In America.

Roughly.

TSLA should sell a carpload of shares at these inflated prices to pay off its big debt.

So it knocks the stock down 15%.

Who cares.

agip wrote:

TSLA should sell a carpload of shares at these inflated prices to pay off its big debt.

So it knocks the stock down 15%.

Who cares.

I was reading that the rumour is it'll be added to the S&P500 index, which gives it a bump as that would make for immediate buying pressure among big money index tracking funds. I hope that doesn't happen because it'll be big enough to drag the index down if / when its bubble pops (that feels like a sure bet, but I wouldn't put any money on it; countless people have lost money betting against Elon "nutbar" Musk so far...).

(I hope I didn't read that in this thread: that would make me look stupid, which would be mildly embarrassing)

agip wrote:

TSLA up another 11%.

Crazeballs.

Something like the 10th most valuable company In America.

Roughly.

I have some of that in my Robinhood account. 1/1000000 of a share.

What do they make?

VS-SJW-IR-TS idiot wrote:

agip wrote:

TSLA should sell a carpload of shares at these inflated prices to pay off its big debt.

So it knocks the stock down 15%.

Who cares.

I was reading that the rumour is it'll be added to the S&P500 index, which gives it a bump as that would make for immediate buying pressure among big money index tracking funds. I hope that doesn't happen because it'll be big enough to drag the index down if / when its bubble pops (that feels like a sure bet, but I wouldn't put any money on it; countless people have lost money betting against Elon "nutbar" Musk so far...).

(I hope I didn't read that in this thread: that would make me look stupid, which would be mildly embarrassing)

TSLA will likely be added if it has four straight quarters of positive EPS.

i move the markets wrote:

agip wrote:

TSLA up another 11%.

Crazeballs.

Something like the 10th most valuable company In America.

Roughly.

I have some of that in my Robinhood account. 1/1000000 of a share.

What do they make?