“So, the $AAPL event yesterday was pretty bad and stock dropped. Because $NVDA eclipsed it's market cap, CTAs are going to have to sell $AAPL and buy $NVDA to rebalance. Then, a random upgrade this morning and $AAPL pops 3.5%? The biggest stocks in the world have as many sleazy games going on with them as $GME does. The only difference is Cook and his allies don't throw it in your face with stupid livestreams and meme tweets.”
Posted exactly 9 minutes after posting “I was wrong.” The lack of humility and sincerity with this guy is off the charts.
So says the guy that created close to a dozen handles to harass my posts, here and elsewhere. Your problem is you never got help for your mental illness.
With you, someone else is always to blame. You lack the necessary character to honest and fair. I suppose it’s too late for you to finally grow a pair.
today will certainly help Flagpole's run of returns
SP500: +1.22%
Dow: +0.19%
His growthy/tech portfolio will clear him 100 bps over the Dow today!
Flagpole has no concern for actual performance numbers ... At the end of the day Flagpole IS beating the Dow. 35 out of 31 years - Flagpole is the greatest and not even close.
OK, but a 32 PE says you are paying more for less. And at a historical market average PE of 16, the stock is back at? You guessed it! $100.
Igy - if you make a prediction and are wrong - often egregiously wrong - own up to it. Don't move the goal posts. Say you were wrong and we go on. You have never said you were wrong and you are wrong more often than anyone else here.
“So, the $AAPL event yesterday was pretty bad and stock dropped. Because $NVDA eclipsed it's market cap, CTAs are going to have to sell $AAPL and buy $NVDA to rebalance. Then, a random upgrade this morning and $AAPL pops 3.5%? The biggest stocks in the world have as many sleazy games going on with them as $GME does. The only difference is Cook and his allies don't throw it in your face with stupid livestreams and meme tweets.”
RJR Capital
Why would they have to sell $AAPL and buy $NVDA? The increase in the value of $NVDA relative to $AAPL should automatically take care of the rebalancing for them.
today will certainly help Flagpole's run of returns
SP500: +1.22%
Dow: +0.19%
His growthy/tech portfolio will clear him 100 bps over the Dow today!
Flagpole has no concern for actual performance numbers ... At the end of the day Flagpole IS beating the Dow. 35 out of 31 years - Flagpole is the greatest and not even close.
1) You are correct that I don't care about the daily swings in the market.
2) You got my beating the Dow numbers wrong.
3) You are correct that today will make my YTD advantage over the Dow gap bigger.
Just for fun, let's say you had $5 million in the NASDAQ this morning...and lots of people did. The NASDAQ closed UP 1.53% today (Dow was DOWN 0.09%). You would have made $76,500 today.
This one, from a year ago, worked out well. We probably won't see it again in our lifetimes, but a swiftly falling inflation rate is very good for stocks. And it has been good for stocks this time: +27% over the past year.
Carl Quintanilla @carlquintanilla · Jun 13, 2023 Like last year’s surge in #CPI, “the sharp decline .. has been just as extraordinary. “.. the largest drop in the y/y headline .. since the Financial Crisis. Before that, you have to go back to the early 1980s.” @bespokeinvest Carl Quintanilla @carlquintanilla 2. When #CPI falls “five percentage points or more from a 12-month high,” $SPX returns a year later have “an average gain of 18.0% (median: 19.15%) and positive returns each time.” @bespokeinvest
agip, your endless posting of bad predictions continues to underscore my underlying theme that we are all idiots when it comes to the markets. If the so-called experts usually get it wrong, what hope do the rest of us common schlubs have? Other than Flagpole, of course (who, incidentally, is no less insufferable as an old man than he was when I first got here around 2000-01; and BTW he used to claim he wasn't the troll posting as coolio and zipperhead, clearly an untruth back then... is such an untruth a lie, or does our hero have another clever explanation for why not?).
Anyhoo, we are listening to the audiobook version of "Fluke" by Brain Klaas which does a pretty good job of exploring the idea that many things are determined by very small random "flukes" and as such are effectively unpredictable, at least in a deterministic sense. My view, which I've reiterated to the point of annoying everyone, is that financial markets are like that, and our past experience is little, if any, guide to the future. Hence, the pundits are usually wrong, and often badly wrong.
The only thing you can really ever say with confidence is that stocks usually go up. That's the main signal, which is often drowned out by a lot of noise on various time scales.
agip, your endless posting of bad predictions continues to underscore my underlying theme that we are all idiots when it comes to the markets. If the so-called experts usually get it wrong, what hope do the rest of us common schlubs have? Other than Flagpole, of course (who, incidentally, is no less insufferable as an old man than he was when I first got here around 2000-01; and BTW he used to claim he wasn't the troll posting as coolio and zipperhead, clearly an untruth back then... is such an untruth a lie, or does our hero have another clever explanation for why not?).
Anyhoo, we are listening to the audiobook version of "Fluke" by Brain Klaas which does a pretty good job of exploring the idea that many things are determined by very small random "flukes" and as such are effectively unpredictable, at least in a deterministic sense. My view, which I've reiterated to the point of annoying everyone, is that financial markets are like that, and our past experience is little, if any, guide to the future. Hence, the pundits are usually wrong, and often badly wrong.
The only thing you can really ever say with confidence is that stocks usually go up. That's the main signal, which is often drowned out by a lot of noise on various time scales.
1) NONE of us are experts on the markets, including so-called "experts." Buffet is as close as one gets, but even he can't predict accurately.
2) I have always admitted my former somewhat trolling handles.
3) As wrong as he is about many things (saying not to use credit cards, using 12% annual return to predict your stock returns, all the Christian nonsense), if people would follow the basic advice of Dave Ramsey, they would be better off...do 15% (minimum) of your income into diversified stock mutual funds, don't mess with individual stocks or precious metals, pay off debt, retire debt free including owning a house.
4) Historically the market goes up 73% of calendar years. That's a good enough track record to dump all you can stomach into it...again, into diversified mutual funds.
Tom McClellan: “By my count today, only 30 NDX component stocks were higher on June 13, despite the new all-time high for the index. That keeps the McClellan A-D Oscillator for those stocks below zero, not the condition you want to see if you are in the bullish camp.”
Tom McClellan: “By my count today, only 30 NDX component stocks were higher on June 13, despite the new all-time high for the index. That keeps the McClellan A-D Oscillator for those stocks below zero, not the condition you want to see if you are in the bullish camp.”
His problem is that no one should EVER be in a bullish or bearish camp. You should invest money like clockwork while you are working and ONLY take money out once you are retired. The ONLY reason to invest while you have an income is to give yourself income when you no longer have a job. IF you do this early and often you won't even need to plan for a down market in retirement, but IF you have modest retirement savings when you retire (maybe $3 million or less), you CAN decide to have set yourself up in these ways:
1) About three or more YEARS of expenses in cash. I have chosen this method, but no longer need to have done so. While building this up though, I thought I would need to have it. This could be in a regular savings account or a HYSA. Doesn't really matter. The idea with this is to allow you not to have to take money from your stocks if the market has made a big downturn.
2) Some other safe place to put money that is not tied to stocks...bonds, CDs, but not precious metals. This isn't as good an idea as #1.
Flagpole you have definitely NOT always admitted to trolling under those handles. True, you eventually admitted to it, but for a long time to vehemently denied it. Is this another caveat in the distinction between an unclassified untruth and a lie? I would love to know how you rationalize that.
As wrong as he is about many things (saying not to use credit cards, using 12% annual return to predict your stock returns, all the Christian nonsense), if people would follow the basic advice of Dave Ramsey, they would be better off...
Elon gets his $48 billion despite the stock going nowhere for four years and the company not doing all that great.
$48 billion. Absurd.
They kind of have no choice until they line up a viable replacement CEO. The reality though is that Tesla is as much a provocative meme as Elon is this days - one cannot survive without the other.
Other investors probably hate Elon and wish he would stfu but at the same time they know that Tesla is just a mid car company without him
agip, your endless posting of bad predictions continues to underscore my underlying theme that we are all idiots when it comes to the markets. If the so-called experts usually get it wrong, what hope do the rest of us common schlubs have? Other than Flagpole, of course (who, incidentally, is no less insufferable as an old man than he was when I first got here around 2000-01; and BTW he used to claim he wasn't the troll posting as coolio and zipperhead, clearly an untruth back then... is such an untruth a lie, or does our hero have another clever explanation for why not?).
Anyhoo, we are listening to the audiobook version of "Fluke" by Brain Klaas which does a pretty good job of exploring the idea that many things are determined by very small random "flukes" and as such are effectively unpredictable, at least in a deterministic sense. My view, which I've reiterated to the point of annoying everyone, is that financial markets are like that, and our past experience is little, if any, guide to the future. Hence, the pundits are usually wrong, and often badly wrong.
The only thing you can really ever say with confidence is that stocks usually go up. That's the main signal, which is often drowned out by a lot of noise on various time scales.
1) NONE of us are experts on the markets, including so-called "experts." Buffet is as close as one gets, but even he can't predict accurately.
2) I have always admitted my former somewhat trolling handles.
3) As wrong as he is about many things (saying not to use credit cards, using 12% annual return to predict your stock returns, all the Christian nonsense), if people would follow the basic advice of Dave Ramsey, they would be better off...do 15% (minimum) of your income into diversified stock mutual funds, don't mess with individual stocks or precious metals, pay off debt, retire debt free including owning a house.
4) Historically the market goes up 73% of calendar years. That's a good enough track record to dump all you can stomach into it...again, into diversified mutual funds.
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