Give him a break, he owned it.
I'm nearing retirement and we have had our eyes on some rental property, which is now in range, and part of which we would like to live in. We already have high quality renters lined up, as a short-term executive rental situation.
My problem will be staying in, not getting out.
Uh, you're talking to yourself.
What's the top?
I am betting just over 20,000
Really? How much are you betting, and what will you do once your bet is won, if ever? If you lose, when will you realize your loss?
Seriously, though ................................... MASERATI !
I am so jacked right now, watching everything rise. Like most people I choose which predictions to believe, and who to follow. On this thread I have chosen to believe maserati, and will watch the inexorable march toward 19k.
INEXORABLE! Nothing can stop it, not Greece, not slumping housing sales, not slumping consumer demand, not rising unemployment, not skyrocketing unfunded liabilities, not the otherworldly amount of derivatives, not even the insane all-time-record leveraging.
NOTHING!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
So fukkiing jacked.
What's the top?
I am betting just over 30,000
http://www.paperbackswap.com/Dow-30-000-Robert-Zuccaro/book/1893958701/
K5.1 wrote:
What's the top?
I am betting just over 20,000
Predicting a top is meaningless without a time frame.
Pointing Out the Obvious wrote:
K5.1 wrote:What's the top?
I am betting just over 20,000
Predicting a top is meaningless without a time frame.
No it's not.
If he is truly correct about a top being just over 20,000, then it is still meaningful.
I can wait 6 weeks, or 6 years, or however long it takes to get there. Then, once we hit that level, sell my longs, and consider how to best ride the downturn.
I'm not saying he can accurately predict this. Only that your statement is 100% incorrect.
The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.
Ghost of Igloi wrote:
The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.
Risk NEVER leaves the market.
(for the slowest of the slow - that also means it NEVER returns to the market)
If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.
Ghost of Igloi wrote:
If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.
Once again. For those even slower than seems humanly possible:
Risk NEVER leaves the market.
(for the slowest of the slow - that also means it NEVER returns to the market)
For the Fastest of the Fast...
A foolish consistency is the hobgoblin of little minds...
Not really there smalls wrote:
Pointing Out the Obvious wrote:Predicting a top is meaningless without a time frame.
No it's not.
If he is truly correct about a top being just over 20,000, then it is still meaningful.
I can wait 6 weeks, or 6 years, or however long it takes to get there. Then, once we hit that level, sell my longs, and consider how to best ride the downturn.
I'm not saying he can accurately predict this. Only that your statement is 100% incorrect.
How about 20 years? 100 years? 500 years?
Of course it matters when it reaches a particular value.
Ghost of Igloi wrote:
For the Fastest of the Fast...
A foolish consistency is the hobgoblin of little minds...
Which has absolutely nothing to do with anything posted on here recently.
A truer test of little minds is whether or not they understand what is being said or even what they themselves are saying. By this measure you have shown yourself to be a very little mind indeed.
Two trillion dollars worth of sovereign debt trade at negative yields. Why? Cash is King.
Two trillion is a drop in the bucket.
Pointing Out the Obvious wrote:
Ghost of Igloi wrote:If you choose to be a Muppet and buy at ridiculous valuations that is your choice and you will pay the price of your ignorance. Cash will be the asset of choice when risk returns to the market. Like the Three Stooges, the Muppets will all head to the door at the same time. Too late now. Cash is King.
Once again. For those even slower than seems humanly possible:
Risk NEVER leaves the market.
(for the slowest of the slow - that also means it NEVER returns to the market)
dude, as you know, the expression 'when risk returns to the market' means 'when the market falls a lot'
your semantic game is most unwelcome - we all - even you - knew what the poster meant.
You mad, bro?
Anybody else feel like this lately? https://pbs.twimg.com/media/B_MKz5vWwAEbF3G.jpg
POTO wrote:
You mad, bro?
No. How about you?
