Down goes the Dow

Racket, PhD wrote:

Ghost of Igloi wrote:

Going backpacking with my son for three days. Enjoy the new market highs folks! Hopefully we will get above the forrest fire smoke.

Igy

Remember when you said poor people were poor because they're all lazy?

Remember any of the cartoonishly racist things you've said over the past decade?

Remember your actually, not even jokingly retarded reasons for supporting Trump and ludicrous Hunter Biden conspiracies?

Now imagine thinking I'd wish you well. Keep imagining it, because that's the only place it'll happen - in your retarded fairly-tale boomer fantasy world (where apparently a Cayman is also considered a real Porsche lmao).

Stocks only go up, b!tch.

racket really is a good writer - he is inscrutable in an effortless uncanny way. Is he serious? joking? I dunno but always amusing. Although I wouldn't want him mad at me. the porsche line made me lol although he is being too harsh by half. Unless he is kidding.

speaking of cars, if the market stays ok for another year I'm thinking I'll trade my hot(ish) hatchback for a 3-4 year old Alfa Romeo Giulia. Not the one with the Ferrari engine but the 2.0 twin turbo. I figure that might be the last new-ish internal combustion car I'll ever own, and what a way to go out. By my name you can tell I am partial to Italian things and that one seems like it has some brio.

agip wrote:By my name you can tell I am partial to Italian things and that one seems like it has some brio.

We are currently carless, looking at used Fiat 500s to give us a half car, preferably standard, which is way more fun to drive. We don’t really want to have a car at all and went without one for two years a couple of years ago, but current work logistics make it just slightly too awkward to go completely without. I’ll bike to work most of the time, when I’m not working from home, and my spouse will walk, but in deepest, darkest winter… Funny story, two used car salesman at two different lots clear across town both asked us on Saturday if this was going to be a third car. Third car? We don’t even want a first car!

Racket, you used language that was just as offensive as Igy has used. I do sort of like you, some of the time, sure.

Not sure where mas has been, it’s been a long absence this time, hopefully not a COVID-related absence.

Back on the thread topic, I’ve left a lot of money on the table this year, moving to cash too early, but surprisingly I feel really good about it. I’ve been really serene about money for months, and haven’t made a trade in maybe six months. While our investments have not skyrocketed this year, they’ve still done well, and at the same time I’ve been sleeping like a baby with no worries about a big correction. Which of course will never come because I’ve prepared for it. And do you know why that is? Because I’m an idiot! 😀

agip wrote:

speaking of cars, if the market stays ok for another year I'm thinking I'll trade my hot(ish) hatchback for a 3-4 year old Alfa Romeo Giulia. Not the one with the Ferrari engine but the 2.0 twin turbo. I figure that might be the last new-ish internal combustion car I'll ever own, and what a way to go out. By my name you can tell I am partial to Italian things and that one seems like it has some brio.

Great looking car, but man Alfa has a reputation that could sink a damn battleship. Car and Driver gave it an 8/10 so maybe it wouldn't be too much of a pain? The twin-turbo you're referring to is actually the 2.9 TT V6 by the way. The turbo I4 appears to be competent.

My recommendation if you want to spend some money on a unreliable brand with great history - Jaguar F-Type. Doesn't have the Italian heritage, but it's a nice alternative.

la gente esta muy loca wrote:

Racket, PhD wrote:

You and agip are my only friends now.

doc idiot loves me too he just won't admit it

I feel slighted.

Dammit I knew I was forgetting something.

Racket, PhD wrote:

Ghost of Igloi wrote:

Going backpacking with my son for three days. Enjoy the new market highs folks! Hopefully we will get above the forrest fire smoke.

Igy

Remember when you said poor people were poor because they're all lazy?

Remember any of the cartoonishly racist things you've said over the past decade?

Remember your actually, not even jokingly retarded reasons for supporting Trump and ludicrous Hunter Biden conspiracies?

Now imagine thinking I'd wish you well. Keep imagining it, because that's the only place it'll happen - in your retarded fairly-tale boomer fantasy world (where apparently a Cayman is also considered a real Porsche lmao).

Stocks only go up, b!tch.

Oh, snap!

What’s that sound?

Boom Boom Boom

SPX earnings estimates climbing climbing climbing, which explains the high valuation.

https://twitter.com/conorsen/status/1430224120730603524?s=21

I need a four door with a trunk, and I really need the Italian history. So the Jag won't work.

It's time to roll the dice a bit. Although I'm used to a completely bulletproof japanese car that never ever ever has anything go the slightest bit wrong. So breakage will annoy me, esp because not everyone can fix an Alfa.

I'm hoping most of the unreliability is with that twin turbo v6 and not the simpler 2.0 four.

Seven out of eight indexes on our world watch list posted gains through August 24, 2021. The top performer is France's CAC 40 with a gain of 23.19%, our own S&P 500 is in second is with a gain of 19.44%%, and India's BSE SENSEX is in third with a gain of 17.19%. Coming in last is Hong Kong's Hang Seng with a loss of 5.52%.

https://www.advisorperspectives.com/dshort/updates/2021/08/24/world-markets-update-august-24-2021?utm_source=boomtrain&utm_medium=email&utm_campaign&utm_content&utm_term&bt_ee=6V0gUQAa2SCNlNp9DT2pOHnCRnzBwFAhodOlXnbpnpS4vcAVdNwpDzueDtP%2BnQ0D&bt_ts=1629895892424

Back from my backpacking trip. Tough primitive route to an alpine lake (Google “Lake 33 hike” if you have an interest) in the Idaho back country. On the way out stopped at the Trump bastion of Yellow Pine, for a beer and a cheeseburger. I am sure you could find lots of “racist language” there. For example, distain for BLM, CRT, and woke cancellation of Aunt Jemima product name. Support for disastrous Democratically administered large American cities, not so much. 😹

https://twitter.com/hussmanjp/status/1430897362260529166

Ghost of Igloi wrote:

Back from my backpacking trip. Tough primitive route to an alpine lake (Google “Lake 33 hike” if you have an interest) in the Idaho back country. On the way out stopped at the Trump bastion of Yellow Pine, for a beer and a cheeseburger. I am sure you could find lots of “racist language” there. For example, distain for BLM, CRT, and woke cancellation of Aunt Jemima product name. Support for disastrous Democratically administered large American cities, not so much. 😹

https://twitter.com/hussmanjp/status/1430897362260529166

That's nice. Iggy. Never heard of the place.

Seattle,

As mentioned the trail was primitive, marked in spots with cairns. My son has a gps that tracks trails, so that was helpful. We saw no one on the trip. We had to negotiate a ridge which on the downward side to the lake was littered with large boulders. Near the bottom I slipped and ricocheted off two boulders, scraping my arm, hitting my head, and tearing my tent stuff sack. Nothing serious, but it gets your intention. I ended up getting somewhat wedged, and thought to myself “ok, take your time, and think about your next move.” It was somewhat intimidating going back through the same boulder field on the way out. Being fresh, rather than at the end of a long day made a big difference. On the way home we took a circuitous drive that took us through close to 100 miles of dirt roads; largely unpopulated swaths of National Forrest.

Igy

Igy, sounds like a real eye-opener. I was referring to the town. But good to hear of that harrowing overnighter.

It reminds me, I really wanted to get out and do some trail running this year, being surrounded by such excellent one around here, within a couple of hours in any direction. Still some time left this summer, so your adventure might just inspire me...

Hey, knocked out that painting on one side of my house, so there's that. Nothing like your pro quality job, but keeps the rain out, nonetheless.

Seattle,

Half joking on Yellow Pine. The town was interesting. I told the bartender the town had character. His remark “Well the thing about Yellow Pine, you haven’t missed anything in the last hundred years.” The area was heavily mined for gold and silver in the late 1800s, and the leading producer of tungsten in WW II. There is a mine trying to get permitted. Most of the economic activity today is sport enthusiasts.

Thanks on the painting, and good luck on yours. I replaced some damaged siding, had some guttering installed, and hired a mason to stone a portion of the chimney. So the exterior good for another decade. I plan to tackle the interior this winter.

I thought of you last month. My brother passed away unexpectedly. He was really into woodworking. His family sold really nice gear well below market. I went out to help the family. My nephew offered any tools I wanted. Frankly, it was all too overwhelming there was so much.

Igy

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

HAPPY EIGHTH ANNIVERSARY DOWN GOES THE DOW!!!!!

We've been through a few things, eh?

From the original post, we're up about 12.9% per year annualized, dividends reinvested. One of the best investing periods of our lifetimes, I suspect.

without dividends, still 10.3% or thereabouts.

Carry on, wayward sons.

There'll be peace when we are done.

Racket, PhD wrote:

la gente esta muy loca wrote:

I feel slighted.

Dammit I knew I was forgetting something.

I think you’re an arrogant, obnoxious twit who is in love with himself.

arrogant little twit wrote:

Racket, PhD wrote:

Dammit I knew I was forgetting something.

I think you’re an arrogant, obnoxious twit who is in love with himself.

pretty much

agip wrote:

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

HAPPY EIGHTH ANNIVERSARY DOWN GOES THE DOW!!!!!

We've been through a few things, eh?

From the original post, we're up about 12.9% per year annualized, dividends reinvested. One of the best investing periods of our lifetimes, I suspect.

without dividends, still 10.3% or thereabouts.

Carry on, wayward sons.

There'll be peace when we are done.

Hard to believe there even was really a time when stocks actually went down. What was it like? I imagine it was like living before indoor plumbing or electricity.