Down goes the Dow

Wrong about what?

Sally V,

That in this point in the cycle that stocks would be vastly superior to bonds. Oh yes, and that I am so clueless. It hasn't worked out that way has it?

Sorry but you deserve it.

Igy

I said none of those things. So it appears you are clueless.

"What gives me cause for concern is the bond market that you think we should be investing in. Anybody with at least half a brain can see the bubble there. That's the real reason that stocks are currently vastly superior to bonds."

Sally V, 6/18/2015

What is it about the word 'currently' that you don't understand?

Sally V,

Your sorry and I am not going to waste my time. You will learn the hard way.

Igy

My sorry what?

Sorry = not worth the time; without value

Oh, you meant YOU'RE sorry. I get it now. So why do you keep responding? Is it your insatiable need to always have the last word?

Classy as usual.

Yeah, that was an imposter posting as me also.

Sally V,

I'll sign off from here have a good weekend.

Igy

Data from Dow Jones show that since 1900, the Dow Jones Industrial Average has experienced a drop of 5% or more 388 times — an average of once every three months. But until August, the last time this happened was October 2014 (meaning we were overdue for a decline). The data also show that drops of 5% or more tend to recover quickly. Declines of 10% or more recover within 10 months on average, and drops of 20% or more typically recover in just 15 months on average.

What does that tell you? That all you have to do is … nothing. You’re invested for the long term, so what the stock market does today, tomorrow, next week or next month doesn’t matter. With a long-term perspective, you can simply wait it out.

Ghost of Igloi wrote:

"What gives me cause for concern is the bond market that you think we should be investing in. Anybody with at least half a brain can see the bubble there. That's the real reason that stocks are currently vastly superior to bonds."

Sally V, 6/18/2015

Pretty much nailed the top in stocks there. Maybe the other half of that brain will prove to be important.

Thanks.

Rice,

My argument remains stocks are grossly overvalued as an asset class. We saw a small re-rating of high valuation stocks Friday, again, let me say clearly a small re-rating of high valuation stocks. I have no argument with the buy and hold investors that can maintain their discipline throughout a 50% market decline. If you think that the possibility of suck an outcome is small, think again.

Igy

You,

From the time of my exchange with Sally V the S&P 500 Index declined 10% while the Barclays Aggregate Bond Index went up 0.50%. My point has been and remains a valuation and risk argument.

Igy

Ghost of Igloi wrote:

You,

From the time of my exchange with Sally V the S&P 500 Index declined 10% while the Barclays Aggregate Bond Index went up 0.50%. My point has been and remains a valuation and risk argument.

Igy

But she was right at the time.

You,

Humm, a ya, like a, everything is awesome. Ya know?

Igy