Of course you are going to try to pile on Igy. What would one expect from a lunatic that would create handles for the sole purpose of harassing the same?
Not me, but you’ve never been much for accuracy. As for the piling on, remember it was you who chose the date for your prediction.
Dude you are such a liar. Over 95% of your Trews posts are “Igy this, Igy that.” You are a certified lunatic.
Reminder that earlier in the year Igy said the S&P 500 would be at or near 3,000 by year's end.
At the close on the last day of July, the S&P 500 stood at 4,589, UP from where it stood at 3,991 when Igy made his prediction.
Things to note:
1) I am keeping track of this ONLY because Igy pushed back hard against me calling him a permabear and because he told agip to bookmark his prediction for later (showing how confident he was in his pronouncement).
2) I do not claim to know how the stock market or any specific index will rise or fall in any given short time frame (less than a year is a short time frame). Also, I did not claim on Igy's pronouncement day that he would be wrong.
3) NO ONE, not me, not Igy, not Warren Buffett should declare with the level of certainty that Igy did on this ocassion (and many others) how the stock market will behave over a short period of time. Anyone who does so and gets it right is simply the beneficiary of coincidence. Markets are unpredictable over short time periods and can be affected by so many things...war, unexpected good or bad economic news, government meddling.
So, will the S&P 500 sink to 3,000 by year's end? Time will tell.
S&P 500 down 10% from the 7/31/2023 high, in official correction territory. From the 4,589 high of Flagpole’s chest thumping post, we closed closer today to 3,991 then when Flagpole made HIS prediction. Will we be even lower the next time Flagpole posts? Time will tell. :-)
Reminder that earlier in the year Igy said the S&P 500 would be at or near 3,000 by year's end.
At the close on the last day of July, the S&P 500 stood at 4,589, UP from where it stood at 3,991 when Igy made his prediction.
Things to note:
1) I am keeping track of this ONLY because Igy pushed back hard against me calling him a permabear and because he told agip to bookmark his prediction for later (showing how confident he was in his pronouncement).
2) I do not claim to know how the stock market or any specific index will rise or fall in any given short time frame (less than a year is a short time frame). Also, I did not claim on Igy's pronouncement day that he would be wrong.
3) NO ONE, not me, not Igy, not Warren Buffett should declare with the level of certainty that Igy did on this ocassion (and many others) how the stock market will behave over a short period of time. Anyone who does so and gets it right is simply the beneficiary of coincidence. Markets are unpredictable over short time periods and can be affected by so many things...war, unexpected good or bad economic news, government meddling.
So, will the S&P 500 sink to 3,000 by year's end? Time will tell.
S&P 500 down 10% from the 7/31/2023 high, in official correction territory. From the 4,589 high of Flagpole’s chest thumping post, we closed closer today to 3,991 then when Flagpole made HIS prediction. Will we be even lower the next time Flagpole posts? Time will tell. :-)
1) Um...I didn't make ANY prediction...not up down or sideways. I'm just keeping tabs on YOUR predcition (which I've said all along could be right or wrong)...well, the LEVEL could end up being right, but not the reason you stated for it...that's out the window already, something you have already admitted to, so good show there at least. You asked agip to bookmark the page, showing how confident you were, so I'm just helping be the recorder.
2) I made no chest-thumping post either. Not how I roll. I invest for the long term like clockwork and I don't care about short-term ups or downs. It means NOTHING to me which is how it should be to everyone. Just seeing if you will be right or not. If you don't like such a spotlight on your predictions, then maybe you shouldn't make them.
3) It matters not where we are compared to where we were (3,991 as you said) when you said it would go to at or close to 3,000 by year's end. We are actually still UP from that point (despite two big wars going on), but still a long way from 3,000. It only matters if you are right by the end of the year or not. We will see, and I will spotlight it whether you are wrong or right.
S&P 500 down 10% from the 7/31/2023 high, in official correction territory. From the 4,589 high of Flagpole’s chest thumping post, we closed closer today to 3,991 then when Flagpole made HIS prediction. Will we be even lower the next time Flagpole posts? Time will tell. :-)
1) Um...I didn't make ANY prediction...not up down or sideways. I'm just keeping tabs on YOUR predcition (which I've said all along could be right or wrong)...well, the LEVEL could end up being right, but not the reason you stated for it...that's out the window already, something you have already admitted to, so good show there at least. You asked agip to bookmark the page, showing how confident you were, so I'm just helping be the recorder.
2) I made no chest-thumping post either. Not how I roll. I invest for the long term like clockwork and I don't care about short-term ups or downs. It means NOTHING to me which is how it should be to everyone. Just seeing if you will be right or not. If you don't like such a spotlight on your predictions, then maybe you shouldn't make them.
3) It matters not where we are compared to where we were (3,991 as you said) when you said it would go to at or close to 3,000 by year's end. We are actually still UP from that point (despite two big wars going on), but still a long way from 3,000. It only matters if you are right by the end of the year or not. We will see, and I will spotlight it whether you are wrong or right.
No, your post is as much a prediction as mine. I think you need to review my original post. So, let’s review YOUR prediction. At, 4,589 the market was up 13% from 3,991, since 7/31 the S&P 500 has fallen by 10%. Not a very successful prediction, in fact a failure.
In regards to the two wars, they are clearly a benefit to the economy. As is the $1.5 Trillion in deficit spending supporting stretched consumers.
No, your post is as much a prediction as mine. I think you need to review my original post. So, let’s review YOUR prediction. At, 4,589 the market was up 13% from 3,991, since 7/31 the S&P 500 has fallen by 10%. Not a very successful prediction, in fact a failure.
Can you please provide a link, or other documentation, related to Flagpole’s prediction? TIA
You can look for yourself. His prediction is valuations do not matter, nothing matters, just buy the market. Quite frankly, a rather naive view, yet appropriate for a young investor, with few assets at risk.
1) Um...I didn't make ANY prediction...not up down or sideways. I'm just keeping tabs on YOUR predcition (which I've said all along could be right or wrong)...well, the LEVEL could end up being right, but not the reason you stated for it...that's out the window already, something you have already admitted to, so good show there at least. You asked agip to bookmark the page, showing how confident you were, so I'm just helping be the recorder.
2) I made no chest-thumping post either. Not how I roll. I invest for the long term like clockwork and I don't care about short-term ups or downs. It means NOTHING to me which is how it should be to everyone. Just seeing if you will be right or not. If you don't like such a spotlight on your predictions, then maybe you shouldn't make them.
3) It matters not where we are compared to where we were (3,991 as you said) when you said it would go to at or close to 3,000 by year's end. We are actually still UP from that point (despite two big wars going on), but still a long way from 3,000. It only matters if you are right by the end of the year or not. We will see, and I will spotlight it whether you are wrong or right.
No, your post is as much a prediction as mine. I think you need to review my original post. So, let’s review YOUR prediction. At, 4,589 the market was up 13% from 3,991, since 7/31 the S&P 500 has fallen by 10%. Not a very successful prediction, in fact a failure.
BS. I made NO prediction of the direction of stocks by the end of 2023. Find me the quote where I did that. I'll wait.
No, your post is as much a prediction as mine. I think you need to review my original post. So, let’s review YOUR prediction. At, 4,589 the market was up 13% from 3,991, since 7/31 the S&P 500 has fallen by 10%. Not a very successful prediction, in fact a failure.
Can you please provide a link, or other documentation, related to Flagpole’s prediction? TIA
He can't, because I didn't make a prediction. I'm just keeping tabs on IGY'S prediction. He wants to save face by coming up with some bogus thing about how my prediction was wrong, but again (and as you are clearly aware), I made no prediction.
You can look for yourself. His prediction is valuations do not matter, nothing matters, just buy the market. Quite frankly, a rather naive view, yet appropriate for a young investor, with few assets at risk.
1) So, he can look for himself, huh? Meaning, you know I didn't make a prediction since you can't provide it yourself.
2) You are correct that valuations don't matter...well, they DO matter, but they don't matter as far as continuing to buy stocks like clockwork goes, because things can change on a dime and it is NOT predictable when stocks will go up or down based on valuation. You THINK you know, but you don't know sh!t.
3) My view (the proper view) is not naive at all. It is based on historical averages, and while that is SIMPLE, it is not naive. The market goes up on average 73% of calendar years. You should ALWAYS (until retirement) be investing for the long term, and a 73% annual win is worth just constantly putting money into. When the market is down or flat, then stocks are on sale. I like a sale.
4) Get out of debt and stay there (but for a mortgage or LARGE student loan). Put 15% or more into diversified mutual funds into retirement accounts. Put in more if you can. Put in more IF the market drops a ton and you have extra money you don't need. Do not take money out or stop contributing 15% minimum until you retire. And even there, if you don't have to take money out when you retire (like in my case, my wife is still working), then you don't have to.
5) It's your fault at your age if you have assets at risk. You should have taken care of that while working. I have NO assets at risk. ZERO debt. Paid for house. More money invested than I will ever need. I built that from my own working and investing (except for a total of $15,000 that I inherited from two family members, both on my wife's side of the family which is NOTHING compared to my net worth).
The fact that you have said my statement was a prediction, tracking what you believe monthly, in essence makes your position a counter prediction. Doubly absurd to me is your hounding, since I have already said it is unlikely that the S&P 500 will be closer to 3,000 by year end. Funnily enough at the boasting peak of your ego enthused posts, the S&P 500 promptly lost 10%. The fact I pointed that out, is merely returning the tenor of your posts, as in nastiness.
The fact that you have said my statement was a prediction, tracking what you believe monthly, in essence makes your position a counter prediction. Doubly absurd to me is your hounding, since I have already said it is unlikely that the S&P 500 will be closer to 3,000 by year end. Funnily enough at the boasting peak of your ego enthused posts, the S&P 500 promptly lost 10%. The fact I pointed that out, is merely returning the tenor of your posts, as in nastiness.
1) BS. It doesn't do that AT ALL. I said from the beginning that you could be RIGHT! I made no counter prediction real or implied. What YOU don't understand is that I couldn't care less if you end up being RIGHT here. You could end up being right here and you STILL don't think about investing in the right way. I don't make short-term predictions, and I ESPECIALLY don't do it with the nonsense gobbeldygook you spew, because the stock market just isn't so immediately predictable like that...not for you, not for me, not for ANYONE. You should ONLY position yourself to be able to pour money into the stock market consistently from when you begin working until you retire. You do this by buying diversified stock mutual funds living well within your means and getting rid of debt and then planning to have 3 YEARS of liquid expenses available once you (and a spouse) are fully retired. You don't take money aut and put it in based on valuation or cyclicals or the phase of the moon or any other garbage.
2) I wouldn't even be discussing this with you had you not brought this up now, so BS to your hounding comment. I make a comment about it at the end of each month...hardly hounding. If you can't handle someone keeping track of your predictions, then I submit to you that making them on a message board isn't for you.
3) Dude, YOU called me out back in February so much so that you asked agip to "bookmark" the page. If you're going to flex like that, be prepared to have your prediction looked at. It doesn't matter that you changed your mind after you later saw how much the S&P 500 went up (kind of easy to do that then). You were CERTAIN in February that you were going to be right. So, will you be right (again, you only have a chance to be correct about the level, not the reason you said for it back in February)? I don't know. You don't know. We will find out at the end of December.
You can look for yourself. His prediction is valuations do not matter, nothing matters, just buy the market. Quite frankly, a rather naive view, yet appropriate for a young investor, with few assets at risk.
Ok, so this tells me that you have no proof and made up what you said. It strikes me as hypocritical that you accuse another poster of lying, then do the same yourself.
The fact that you have said my statement was a prediction, tracking what you believe monthly, in essence makes your position a counter prediction. Doubly absurd to me is your hounding, since I have already said it is unlikely that the S&P 500 will be closer to 3,000 by year end. Funnily enough at the boasting peak of your ego enthused posts, the S&P 500 promptly lost 10%. The fact I pointed that out, is merely returning the tenor of your posts, as in nastiness.
1) BS. It doesn't do that AT ALL. I said from the beginning that you could be RIGHT! I made no counter prediction real or implied. What YOU don't understand is that I couldn't care less if you end up being RIGHT here. You could end up being right here and you STILL don't think about investing in the right way. I don't make short-term predictions, and I ESPECIALLY don't do it with the nonsense gobbeldygook you spew, because the stock market just isn't so immediately predictable like that...not for you, not for me, not for ANYONE. You should ONLY position yourself to be able to pour money into the stock market consistently from when you begin working until you retire. You do this by buying diversified stock mutual funds living well within your means and getting rid of debt and then planning to have 3 YEARS of liquid expenses available once you (and a spouse) are fully retired. You don't take money aut and put it in based on valuation or cyclicals or the phase of the moon or any other garbage.
2) I wouldn't even be discussing this with you had you not brought this up now, so BS to your hounding comment. I make a comment about it at the end of each month...hardly hounding. If you can't handle someone keeping track of your predictions, then I submit to you that making them on a message board isn't for you.
3) Dude, YOU called me out back in February so much so that you asked agip to "bookmark" the page. If you're going to flex like that, be prepared to have your prediction looked at. It doesn't matter that you changed your mind after you later saw how much the S&P 500 went up (kind of easy to do that then). You were CERTAIN in February that you were going to be right. So, will you be right (again, you only have a chance to be correct about the level, not the reason you said for it back in February)? I don't know. You don't know. We will find out at the end of December.
I suggest you stop being a big baby.
The only thing funnier than the 10% S&P 500 drop following your 8/2/2023 post, would be a continuing trend down closer to 3,000 by 12/31/2023.
I expect a bounce from here on a technical oversold conditions, however fundamental drivers next week include Fed Meeting, Apple earnings, and October jobs. On a bounce I would reenter shorts above 4,175. A failure to advance with a collapse below 4,050 opens the door to a new 52 week low.
This post was edited 2 minutes after it was posted.
$SPX “is down 10.3% from its July 31 peak .. It's not likely to regain what has been lost since then over the rest of this year, as we had expected in August and September.” The $RUT bear market, “which started on November 8, 2021, .. may be resuming.” - @yardeni
1) BS. It doesn't do that AT ALL. I said from the beginning that you could be RIGHT! I made no counter prediction real or implied. What YOU don't understand is that I couldn't care less if you end up being RIGHT here. You could end up being right here and you STILL don't think about investing in the right way. I don't make short-term predictions, and I ESPECIALLY don't do it with the nonsense gobbeldygook you spew, because the stock market just isn't so immediately predictable like that...not for you, not for me, not for ANYONE. You should ONLY position yourself to be able to pour money into the stock market consistently from when you begin working until you retire. You do this by buying diversified stock mutual funds living well within your means and getting rid of debt and then planning to have 3 YEARS of liquid expenses available once you (and a spouse) are fully retired. You don't take money aut and put it in based on valuation or cyclicals or the phase of the moon or any other garbage.
2) I wouldn't even be discussing this with you had you not brought this up now, so BS to your hounding comment. I make a comment about it at the end of each month...hardly hounding. If you can't handle someone keeping track of your predictions, then I submit to you that making them on a message board isn't for you.
3) Dude, YOU called me out back in February so much so that you asked agip to "bookmark" the page. If you're going to flex like that, be prepared to have your prediction looked at. It doesn't matter that you changed your mind after you later saw how much the S&P 500 went up (kind of easy to do that then). You were CERTAIN in February that you were going to be right. So, will you be right (again, you only have a chance to be correct about the level, not the reason you said for it back in February)? I don't know. You don't know. We will find out at the end of December.
I suggest you stop being a big baby.
The only thing funnier than the 10% S&P 500 drop following your 8/2/2023 post, would be a continuing trend down closer to 3,000 by 12/31/2023.
Agip, can you bookmark this?
:-)
You're reaching dude. Not sure why you would find any of that funny. I didn't say the S&P 500 would go up or down or sideways. I'm just keeping track of YOUR prediction. I have no stake in this. You will either be right or wrong. I'll let you know when the time comes.