Down goes the Dow

Smythe Smythe wrote:

Speculate about the messenger to avoid the message.

Cooler and more rational heads here have definitely decided to avoid your message of hate.

What the What wrote:

Charlie Freak wrote:

What's funny/sad is Klondike5 gets up every day and feverishly checks the stock market, hoping it tanks so he'll be right.

Why would that be funny/sad? Seriously, if you were out of the market waiting for a better buying opportunity wouldn't you be hoping that the market was tanking while you were out of it?

Look folks, you can criticize K5 (or FP or agip...) but at least try to have your criticisms make sense.

The criticism has nothing to do with whether K5 made the right call on getting out of the market. I don't give a damn whether he loses everything or is a multimillionaire. My criticism makes sense because he is possibly the most insufferable poster to ever populate this board and I believe deep down he would rather be right about the Dow going down than make money in the market. He has a three-month old, 35 page thread on a running forum about the Dow on which he argues every day with anyone and everyone about everything, spewing sarcastic insults and calling names. Who has the time or inclination to do that other than someone who must be right no matter what? I am convinced he would argue with a brick wall and brag that he told the SOB off.

Klondike5 wrote:

The market has dropped materially in the past two weeks so any new money that went in 2 weeks ago is in worse shape than the money that was in three months ago.

Other side of the coin wrote:

And any money taken out at the end of June would have been worse off two weeks ago. It's all relative.

Klondike5 wrote:

Except it ain't two weeks ago. It is now. There is only now. And the market has fallen quite a bit in those two weeks.

Like I said; it's all relative. Those who got out before the late summer run-up missed out on those potential gains. Now we have a buying opportunity. Who knows what tomorrow will bring?

Klondike5 wrote:

Pointing out the Obvious wrote:

My guess is that it has something to do with him not knowing that the market will be going down for another week. Indeed, he probably wants to be on the right side of the odds which say that there are more up weeks than down weeks.

So, a better question (only slightly better) would be to ask you, "Why you want to be out during another week of gains I have no idea." Except, of course, I would have some idea. It would something like my paragraph above except in reverse.

What is going on in Washington and the recent market reaction to it has you confident the next week will be one of gains does it?

It doesn't look like it to me. We will see.

Yes, we will see. You are betting on sub 13,000. I think that still requires an unforeseen event. This little squabble between the parties has caused this downtick, but we are in a completely different place economically than we were in 2008 when things started to fall apart. The economy right now is pretty good and getting better.

Since you get in and out of the market, you are required to tell us when you get back in...can't wait until it gets to 16,000 and then say you got back in at 14,900. That won't cut it. And yes, REQUIRED.

Here's what I think will happen...you will still be waiting for the bottom to drop out, and then it doesn't, so the Dow will get to about 16,000 and you will not have re-entered. I have no idea what you will do then, but it's best for you to stay out of the stock market...since you don't have the stomach for it.

thanks for the update klondike. Why don't you post under your own name?

Sam Hill wrote:

Does anyone really think that the new member to be named will not be Jewish?

Who gives a shit?

Jnvhhuh wrote:

Sam Hill wrote:

Does anyone really think that the new member to be named will not be Jewish?

Who gives a shit?

Apparently you do or you would not react in such a passive aggressive manner.

I could not care less.

Well, I still maintain that the specific criticism leveled did not make any sense. Of course someone out of the market waiting for a better buying opportunity is looking forward to...a better buying opportunity. That is true pretty much by definition.

On the other hand, I definitely appreciated your line, "I am convinced he would argue with a brick wall and brag that he told the SOB off." So, I will have to concede defeat.

Jnvhhuh wrote:

I could not care less.

I am sure that you meant to say that you could care less.

Your welcome.

Heading down again today.

On the other hand, I definitely appreciated your line, "I am convinced he would argue with a brick wall and brag that he told the SOB off." So, I will have to concede defeat.

I think you are confusing me with AGIP, if in fact that comment is directed to me (your post is a bit hard to follow).

Klondike5 wrote:

On the other hand, I definitely appreciated your line, "I am convinced he would argue with a brick wall and brag that he told the SOB off." So, I will have to concede defeat.

I think you are confusing me with AGIP, if in fact that comment is directed to me (your post is a bit hard to follow).

Many things appear to be difficult for you to follow my little friend. I wouldn't worry too much about it.

Klondike5 wrote:

I think you are confusing me with AGIP, if in fact that comment is directed to me (your post is a bit hard to follow).

It's very obvious who he was talking to. (Hint: it wasn't you.)

Rut-roh shaggy wrote:

Heading down again today.

In positive territory at the moment.

Yannix wrote:

Rut-roh shaggy wrote:

Heading down again today.

In positive territory at the moment.

Dow and S&P are both flat.

Nasdaq down nearly 1.00%

Dow and S&P both up!

Yannix wrote:

Dow and S&P both up!

Lets do dueling updates every half hour

In the 6 weeks since this thread started on 8/27, from the close on 8/27 through the close on 10/8, the Dow has gone...

up 0.4 points.

That's it.