Down goes the Dow

What?

idiot investor wrote:

What?

Don't feed the troll.

Hi, Igy! I knew you wouldn't be able to keep your word about staying away. You're so predictable!

first print on futures are down just 0.4% on the sp500

but early days. I think this will be a long night.

I find it likely that the selloff will continue for a few more days.

so much fear now - the whole free trade mass prosperity postwar system is looking shaky. I'm sure many many portfolio managers will dial back risk now.

I hope you're (temporarily) right, agip. I was afk on Friday and unable to buy on the dip. I've got some $ on the sidelines looking for some action. Tomorrow I'll be looking to buy.

I suspect you'll have time, no problem.

I bought a little at the close but not really material.

I plan to buy gold and continue overweighting REITS - seems that we'll have low interest rates for a while, which should help the REITs.

Gold is just a risk hedge - if the Euro starts looking shaky I suspect money will flow to gold. And I suspect the Euro will start looking shaky

Igy! Come back man

Just don't feed the trolls. It's internetz 101. Ignore them and they will disappear.

I just checked the temperature in Boise - 101? Seriously? Do you run in that kind of heat?

agip wrote:

Igy! Come back man

Just don't feed the trolls. It's internetz 101. Ignore them and they will disappear.

I just checked the temperature in Boise - 101? Seriously? Do you run in that kind of heat?

Trolls?

I would ask that you think through this a bit. You just called for a person to come back on to this thread - someone who is openly advocating for the murder of Muslim infants and toddlers. Think about it.

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Imagine that you are an avid bridge player. You hold a weekly bridge game at your house every Saturday evening. There are a number of regulars who show up as well as a few folks who play only now and then.

One day it comes out very publicly within your bridge group that one of your regulars (Joe) openly advocates for the creation and consumption of child pornography. Joe is asked to recant his already documented support for child pornography and to denounce such an abomination. Joe declines, making it very clear that he does indeed support child pornography.

What do you do? Do you say, "Oh well, what Joe advocates outside of my bridge game is none of my business. I just want to play bridge. Somebody deal the cards."

Or do you consider child pornography to be such an abomination that nobody who advocates for it is welcome to your bridge game and politely but firmly ask Joe to either (A) recant his earlier statements and denounce this evil or (B) leave your game?

Some things should be shunned. Some things are more important than your bridge game. And you, as host of the bridge game ((master of the thread - notice that this person came out of the shadows the instant that you invited him to)), are uniquely positioned to take a small but clear stand against one of the greatest abominations perpetrated by members of the human race.

What do you do?

I forgot about those mountain temperature changes. Here on the East Coast we don't get that so much. Warm and humid here, all the time.

I'm just having fun with it now - not training seriously until mid August. Doing some cross training, some running, whatever I feel like doing.

I want to be rested and hungry for the fall.

Bigfoot I'm only responding because you are a regular and have been around a long time and contribute in an important way. We all learn from you.

I don't know anything about your specific accusation so I won't comment on it directly.

I'll just remind you that this is an anonymous, sometimes rolicking board. Things get said, things get forgotten. I've made statements that are embarassing to me and wrongheaded. Words in anger, words that shouldnt' have been written. If I repeat them, if I keep saying absurd, off topic and factually incorrect statements day after day then I should be called out and shunned, treated as a troll.

Igy is not a troll. He has proven himself over a long period of time to be a wise man, very knowledgable about investing and running and a major contributor to the thread. I don't think he deserves the condemnation that you are serving up - nothing I've seen tells me that he deserves it. We all get mulligans, we all get do-overs. I'd ask you to stop with the persecution unless he repeatedly says trolllike things.

So while I am not familiar with your accusation, I am very familiar with the nutso trolls who have for weeks or months teased Igy with nonstop BS. Those trolls should be ignored today and forever. Those are the ones I was thinking of, not so much you.

I think Igy has pulled the wool over your eyes. Yes, he offers some interesting insights into the investment markets, but his obvious trolling and hate filled responses to challenges show his true nature.

Who else routinely insults anyone who dares to offer a differing opinion? Who else advocates for the destruction of innocent women and children because of their religion? Who else makes unsubstantiated or exaggerated claims and then bobs and weaves when called out to defend them? Who else advises against certain stocks, then denies doing so even when confronted with the evidence? Who else routinely uses aliases to cowardly undermine statements made by other posters? Who else continually supports, and is supported by, the anti-Semitic OP?

He (again) promised to stay away. He should be man enough to follow through with his promise and leave this thread to the credible and honest posters.

/rant

Wall Street was set for another downbeat session on Monday, as shock waves from the U.K.'s Brexit vote last week continued to chill the investing mood in global financial markets.

Futures for the Dow Jones Industrial Average dropped 72 points, or 0.4%, to 17,173, while those for the S&P 500 index fell 13 points, or 0.6%, to 2,005.50. Futures for the Nasdaq 100 index lost 22.25 points, or 0.5%, to 4,240.

The losses follow a major selloff on Friday, when investors shunned anything considered a risky asset. The selloff came after the U.K. unexpectedly voted to leave the European Union, which it has been a member of for 43 years.

That vote sparked a drop of more than 650 points for the Dow average at one point, before it trimmed losses to close 611 points, or 3.4% lower. The Nasdaq Composite Index and S&P 500 index lost 4.1% and 3.6%, respectively.

"There is little doubt that global monetary policy will have to adjust to this historic decision, and with markets now pricing in a 50% chance of a July rate cut from the [Bank of England], the idea of a [Federal Reserve] rate hike appears dead in the water," said Joshua Mahony, market analyst at IG, in a note.

Fed Chairwoman Janet Yellen said ahead of Thursday's historic referendum in the U.K. that a Brexit was one of the risks facing the global economy that could justify a cautious approach to raising interest rates. According to the CME Fed Watch tool, there's currently a 0% probability of a Fed rate hike in July.

Bigfoot - I just assumed you understood the real igy/fake igy issues...it sounds like the trolls got you to believe they were the real igy. So can you let this go now?

So is the Igy who said he was "done with Down goes the Dow" real or fake?

Igy here. I am at least done with trying to be logical with nameless posters looking for a sucker punch.

Igy

Ghost of Igloi wrote:

agip,

On another topic, 44 years ago I ran the US Olympic Trials Marathon. That year it was run with Track and Field Olympic Trials. The marathon was on the last day and we finished on the Hayward Field Track. I was cooling my legs in the steeplechase water pit as Prefontaine and George Young duked it out in the 5,000 meters. A front row seat. I will never forget it.

Looking forward to watching the action later this week.

Igy

that was before my time but I can imagine the fun of watching those two on the track, close up. No chance they'd now let people cool off in the steeple pit, eh?

It all starts friday. Looking forward to it of course but the doping scandals have seriously damaged my faith in the sport...not sure I want to put any faith in any athlete anymore. Although I do.

agip,

How about all the masters athletes on low-T and anti-aging drugs? Pretty disgusting.

In that Trials 5k, Prefontaine dropped a 3:00 something 1200m after lap 8. Young held on for awhile. Prefontaine looked to be stumbling through the last 200m of the race.

People forget that Young was 3rd in the 1968 Olympic 3,000m steeplechase Mexico City. He was one of the few non-altitude athletes to take a medal in the distance race.

Igy